Real Estate Market Report for Addison, Texas: August 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 17, as compared to last month’s 13. Currently for sale, there are: 8 single family homes (ranging in price from $319,900 to $2,495,000) No half-duplexes 6 condos ($309,000 to $399,000) 3 townhomes ($255,000-340,000) Ten of the 17 available homes above have been on the market for longer than 30 days. Two of these are the $1M+ homes on the east side of the Tollway.The average number of days on the market for the “active” status homes is 65 days, as compared to 73 last month. The median number of days on the market is 45 days, compared to last month’s 38 days. The more expensive homes tend to stay on the... 09/03/2016

Many years ago, I showed a condo that was listed in the MLS to a buyer.  The photos depicted the unit as it was when the seller lived there, before he began his "remodeling" project. The price shown in MLS was fair based on the condition shown in the photos.Upon opening the door, the first thing that we noticed was  .... nothing! There was absolutely nothing in the condo. No sheetrock, no interior doors, no HVAC system, nothing.  We found the seller's "price list" for add ons (add ons that the seller was going to complete himself):Property to be sold as is, where is, as any empty shell.Option #1: walls & doors & ceilings - additional $10,000Option #2: floors - additional $6,000Option #3: bathroom fixtures - additional $10,000Option #4: HVAC and ductwork - additional $10,000Option #5: re... 08/25/2016

Real Estate Market Report for Addison, Texas: July 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 13, as compared to last month’s 15. Currently for sale, there are: 7 single family homes (ranging in price from $325,000 to $2,495,000) No half-duplexes 4 condos ($310,000 to $459,000) 2 townhome ($260,000-340,000) Seven of the 13 available homes above have been on the market for longer than 30 days. Most of these are the $1M+ homes on the east side of the Tollway.The average number of days on the market for the “active” status homes is 73 days, as compared to 55 last month. The median number of days on the market is 38 days, compared to last month’s 13 days. Homes are still selling fast!  The more expe... 08/01/2016

Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 15, as compared to last month’s 17. Currently for sale, there are: 11 single family homes (ranging in price from $225,000 to $2,495,000) No half-duplexes 3 condos ($185,000 to $390,000) 1 townhome ($399,900) Just 5 of the 15 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 55 days, as compared to 41 last month. The median number of days on the market is 17 days, compared to last month’s 13 days. Homes are still selling fast! New listings in JuneNineteen homes came on the market in Addison, TX in June 2016, up from 14 the previous month.  Subdivision Street BR/Bath... 07/03/2016

No community is immune to crime. Here in Addison, we actively try to do something about it. Through Neighborhood Watch, we look out for each other. There will be a community Neighborhood Watch meeting July 7th, 2016 at 6:30 pm at the Addison Treehouse on Midway Road. The Addison Police Department will have a representative talking about recent break ins, updated info regarding new surveillance techniques, an overview of the new dispatch program and several other topics. There will be a Q&A portion where you can ask questions; you'll be able to meet with police officers; and you may even be able to walk away with a renewed sense of understanding what our police department is doing for our community. If you are a Neighborhood Watch member and don't already have a Neighborhood Watch window... 06/06/2016

Real Estate Market Report for Addison, Texas: May 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 15, as compared to last month’s 17. Currently for sale, there are: 8 single family homes (ranging in price from $280,000 to $2,495,000) 1 half-duplex ($270,000) 3 condos ($329,900 to $350,000) 3 townhomes ($325,000 - $499,000) Just 5 of the 15 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 41 days, as compared to 57 last month. The median number of days on the market is 13 days, compared to last month’s 26 days. Homes are still selling fast! New listings in MayFourteen homes came on the market in Addison, TX ... 06/03/2016

Addison is known for its restaurants. More than 180 of them. You could eat out in Addison every other night for a year and still not make it through all the restaurants in town.  Want a good way to sample a huge variety of them all in one night? It's Taste Addison weekend, May 13-15, 2016!Head over to Addison Circle Park on Friday (6pm-11pm), Saturday (noon-11pm), or Sunday (noon-6pm). General admission is $20 and kids 4-12 are $10.  Parking is free in the garages at Dallas Parkway and Arapaho.Once you get inside, head for a ticket booth to purchase some Tasty Bucks - each ticket is $1. Redeem the tickets for food and drink at any of the following restaurant booths. Here's who is participating this year: Addison Grill Addison Point BJs Restaurant Blue Goose Blue Mesa Cantina Laredo Dick... 05/14/2016

The Addison Community Garage Sale is back! But don't go to the old Sam's Club location on Saturday, May 7, 2016. You'll find the garage sale in the Crunch Fitness parking lot, at 3854 Belt Line Road, near the Krogers supermarket.Shoppers come from far and wide for this semi-annual event.Any resident of the town can reserve one "booth" per Addison address under the tent by submitting $20 and proof of residency (water bill, tax notice, lease agreement, drivers license) to the Town of Addison Environmental Services Department.  You get a table and 2 chairs, but you can bring more tables, clothes racks, display stands, saw horses and planks, you name it.Officially, set-up begins at 6:30 am and the wise shopper will be there that early, too.  Technically, the event opens to the public at 8:0... 05/03/2016

Real Estate Market Report for Addison, Texas: April 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 17, as compared to last month’s 14. Currently for sale, there are: 10 single family homes (ranging in price from $200,000 to $2,495,000) No half-duplexes 4 condos ($110,000 to $385,000) 3 townhomes ($245,000 - $335,000) Eight of the 17 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 57 days, as compared to 52 last month. The median number of days on the market is 26 days, compared to last month’s 13 days. Homes are still selling fast, but there is a slight decrease in the urgency by buyers. New listings in A... 05/01/2016

February 2016 Real Estate Market Summary for Addison, TX (MLS Area 10)   Month Year to Date   2016 2015 % Change 2016 2015 % Change Closed Sales (Reported) 113 110 -2.7 211 191 -9.5 Closed Sales (Projected) 113 124 9.4 211 205 -3.0 Listings Under Contract 135 125 -7.4 252 235 -6.7 Average Sales Price $282,991 $323,407 14.3 $288,976 $339,966 17.6 Median Sales Price $265,000 $321,509 21.3 $275,750 $320,000 16.0 Percent of Original Price Received 96.3 97.1 0.8 96.4 96.3 -0.1 Days on Market Until Sale 43 33 -23.8 44 36 -18.1 Inventory of Homes for Sale 218 205 -6.0       Months Supply of Inventory 1.4 1.5 3.1       This month there was a down-slide of 2.7% in the number of property sales reported in Addison relative to the same point in time last year. There were 110 property sales reporte... 04/12/2016

Real Estate Market Report for Addison, Texas: March 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 14, as compared to last month’s 11. Currently for sale, there are: 9 single family homes (ranging in price from $359,000 to $2,495,000) No half-duplexes 3 condos ($115,000 to $387,000) 2 townhomes ($330,000 - $335,000) Five of the 14 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 52 days, as compared to 58 last month. The median number of days on the market is 13 days, compared to last month’s 27 days. Homes are still selling almost as fast as they are listed! New listings in MarchTwenty-one homes came on t... 04/05/2016

Houses sold during January in Addison declined 18%, with 98 houses sold. This year, houses sold have reached 98 overall, which is a 18% drop relative to the same period last year. So far this year, new homes listed are at 141 in all, which is a 11% dip from last year. There were 141 new houses listed this month, a 11% gain from last month. Year-to-date, home sales went down 11% relative to the same month last year, with 104 houses sold. Listed homes under contract during January in Addison fell 11%, with 104 houses currently listed under contract this month. Year-to-date, the average price for a home was about $365,435, which is a 24% upturn from a year ago. The average price for a home in Addison rose 24% . Click here to view homes in Addison. See Full Addison Home Values ReportRegiste... 03/10/2016

Real Estate Market Report for Addison, Texas: February 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 11, as compared to last month’s 15. Currently for sale, there are: 8 single family homes (ranging in price from $296,000 to $2,599,000) No half-duplexes 3 condos ($99,900 - $298,500) No townhomes Four of the 11 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 58 days, as compared to 71 last month. The median number of days on the market is 27 days, compared to last month’s 53 days. Homes are selling almost as fast as they are listed! New listings in FebruarySixteen homes came on the market in Addison, TX i... 03/02/2016

Home sales during December in Addison dipped 29%, with 154 houses sold this month. During 2015, home sales have reached 1,800 overall, which is a 7% drop from a year ago. New houses listed year-to-date climbed 10% relative to the same period last year, with 1,800 properties sold this year. New real estate listings during December in Addison declined 13%, with 88 properties listed this month. Cumulatively this year, homes sold fell 7% compared to the same month last year, with 1,684 houses sold. Addison listings under contract were at 79 properties this month, a 26% decrease from the previous month. So far this year, housing sales went up 5% relative to the same month last year, the average home sales price being $344,328. The average price for a house in Addison fell 14% during December... 02/10/2016

Real Estate Market Report for Addison, Texas: January 2016Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 15, as compared to last month’s 17. Currently for sale, there are: 11 single family homes (ranging in price from $339,900 to $2,495,000) No half-duplexes 3 condos ($93,000 - $320,000) 1 townhome ($412,000) Ten of the 15 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 71 days, as compared to 73 last month. The median number of days on the market is 53 days, compared to last month’s 72 days. Homes are still selling FAST! New listings in JanuaryThirteen homes came on the market in Addison, TX in January 2016,... 02/01/2016

Tyler Grace Auctions held their first ever auction event on Saturday afternoon, January 9th, 2016 in Addison, Texas.If you've never been to an auction, you owe it to yourself to visit. Amanda & Jason Bufford's vision has blossomed into a place to buy and sell unwanted furniture, decorative items, some antiques and collectibles, jewelry and more.If you're there to buy, keep in mind there is a 10% buyer's premium. That means if you bid $100, you'll pay $110 if you are the highest bidder. If you have items to sell, there is a 25% commission.There were some great buys at the first sale. The chest below sold with a hammer price of $100.This one sold for $80.Amanda & Jason hope to hold a sale every weekend. If you're interested in the auction, visit their website or stop in at the auction hou... 01/16/2016

 Towne Lake Real Estate 2015 Year In Review The residential real estate market in Addison is booming! Here's what happened in 2015 in Towne Lake.Towne Lake, a subdivision of 63 townhomes in Addison, is off Beltway Road, one block south of Beltline and west of Midway Road. Built in 1997-98, the complex has an outdoor pool and clubhouse. Towne Lake is comprised of two and three story townhomes on two streets: Towne Lake and Towne Green. The homes are platted in a figure-eight design, with those on Towne Lake surrounding a small man-made lake.  The area between the two circles is where the pool and clubhouse are located.Seven* homes in Towne Lake sold in 2015.  Address Bed/Bath List Price Sold $/SqFt DOM** Sold 4131 Towne Green 3/2 ½ $325,000 $162.11 16 12/18/15 4142 Towne Green 3/2 ½ $334... 01/10/2016

Real Estate Market Report for Addison, Texas: December 2015Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 17, as compared to last month’s 22. Currently for sale, there are: 10 single family homes (ranging in price from $197,000 to $1,490,400) No half-duplexes 4 condos ($129,900 - $320,000) 3 townhomes ($337,500 - $350,000) Twelve of the 17 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 73 days, as compared to 61 last month. The median number of days on the market is 72 days, compared to last month’s 60 days. Homes are still selling FAST but not as quickly as they were over the summer. New listings in Decembe... 01/06/2016

Real Estate Market Report for Addison, Texas: November 2015Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 22 (down from last month’s 29). Currently for sale, there are: 12 single family homes (ranging in price from $162,500 to $1,490,000) 1 half-duplex ($350,000) 6 condos ($145,000 - $319,500) 3 townhomes ($337,500 - $350,000) Seventeen of the 22 available homes above have been on the market for longer than 30 days.The average number of days on the market for the “active” status homes is 61 days, down from 66 last month. The median number of days on the market is 60, up from last month’s 31 days. Homes are still selling FAST but not as quickly as they were over the summer. New listings in NovemberOnly t... 12/01/2015

Real Estate Market Report for Addison, Texas: October 2015Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 29 (the same number as last month). Currently for sale, there are: 18 single family homes (ranging in price from $200,000 to $2,599,000) 1 half-duplex ($260,000) 4 condos ($130,000 - $324,500) 6 townhome ($325,000-$449,900) Fourteen of the 29 available homes above have been on the market for longer than 30 days. Five of these are $1M+ homes, on the east side of the Tollway.The average number of days on the market for the “active” status homes is 66 days, up from 56 last month. The median number of days on the market is 31, up from last month’s 27 days. Homes are still selling FAST but not as quickly ... 11/01/2015