The Crosstown Blog

Trench Report: North Central Lewisville
August 4th, 2015 6:38 PM

If you've got a home in Lewisville near I-35, this data might interest you.  This area would be north of Main Street, and in between Garden Ridge and the east side of downtown.  
           Sales     Forc     Median         Avg            Avg/SF   List/Sale   DOM

2011    125       23%     $150,000     $143,670     $72.69     96%     78
2012    166       14%     $171,750     $166,688     $79.04     98%     67
2013    163         7%     $178,000     $176,760     $84.98     99%     38
2014    157         4%     $200,000     $199,854     $95.72     99%     4
2015    115         1%     $217,000     $223,057     $104.91   100%   25

Market Area "Active" Status:
Listed:                       21
Under Contract:        29
Average List Price:   $234,067 (2,203 sf at $106.82/sf)
Days on Market:       34
Inventory:                  1.3 months at 16.4 sales/month in 2015
Foreclosure Listings: 0

Search of MLS listings and sales of single-family dwellings reveals that demand/supply levels are under-supplied with about 1 month of current inventory. The median and average sale prices have increased over the past four years, with additional positive indicators noted such as declines in the amount of Foreclosure sales and days on market.   The past 12 months indicate roughly a 10% increase in the median and average sale prices ($205,000 to $225,000, and $208,600 to $226,845, respectively).



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