What's My Southlake Home Worth? Here's the market update for November 2017;
What Is The Median Home In Southlake, Texas?
When it comes to figuring out what buyers are choosing in today's Southlake real estate market, a study of the median home in Southlake is a good way to evaluate behaviors and trends.
For example, are the homes getting bigger or smaller? More expensive or less expensive? And what is the impact on real estate appreciation.
The median home in Southlake is simply the "middle" home when looking at home sales sorted by the specific trait for which we want to observe.
The median home price is the price of the middle home in the list of homes sorted by price. The median home value is the value (price per square foot) of the middle home in the list of homes sorted by value.
The report below shows the 10 year history of the median home in Southlake.
Median Home Price In Southlake
The median home price in Southlake is important information to know, whether you are buying a home or selling a home. Buyers should know that the middle of the market has risen to $677,500 meaning the cost of buying a home is rising as expected.
Sellers should know that buyers are willing to spend more money than they did in recent years, likely fueled by low mortgage interest rates and declining inventories of homes near the middle of the market.
Median Home Value In Southlake
The study of median home values is helpful for sellers. While prices tell us what buyers are willing to spend, values tell us how much home they are getting for their money. This is important to sellers, as the trend in this graph tells us whether home values are rising or falling.
Currently, the median home value in Southlake is right at $184 per square foot, meaning when we sort all home sales by value, the middle ones over the past year have sold for $184 per square foot of heated and cooled space in the homes.
What To Do With Market Trend Information
The key to getting the best deal whether selling or buying a home in Southlake is to apply current market information with the specific situation for which you are negotiating. If you would like to see how we do this to your advantage, just follow this link and let me know when you would like to meet.
How to get your home SOLD fast with no stress for the most amount based on market?
Choose a Realtor you can trust
Price it right
Make sure your home shows well
Remove all the roadblocks from showing your home to potential buyers
It takes more than just these four suggestions but if you do the first one (choosing the right Realtor), you'll be in great hands!
If you are thinking about selling your Southlake TX home and would like to find out the market value, you can use this link to get a FREE home evaluation. You can also call or text me at 469-269-6541 or visit www.NitinGuptaDFW.com
Top Southlake New Home Builders are selling homes in price range of $190,000 to $1558,000:
Bloomfield Homes
J Houston Homes
Impression Homes
David Weekley Homes
First Texas Homes
Highland Homes
CalAtlantic Homes
Rendition Homes
Riverside Homebuilders
History Maker Homes
Ashton Woods Homes
K. Hovnanian® Homes
Tip: Ask us about our new home builder buyer discount, cashback & rebate plans for new construction Southlake homes!
Get an Advantage
How can both buyers and sellers have an advantage in the Southlake Texas real estate market? Employ the services of a Southlake real estate agent who has vast knowledge and experience of the market.
Make sure to subscribe to my blog so you don’t miss out on any Southlake homes. Click here to find out what your Southlake Texas home is worth and to discuss your housing needs.
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The above information regarding the “What Is The Median Home In Southlake, Texas?? November 2017 Update" was provided by Nitin Gupta, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he would love to share his knowledge and expertise. Learn more about Southlake real estate market and Tarrant County Real Estate news at http://www.nitinguptadfw.com/southlake-realtor-new-homes-real-estate
The communities he proudly serves include University Park, Coppell, Frisco, Flower Mound, Southlake, Grapevine, Keller, Plano & Colleyville.
