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Real Estate - Current Market
February 2008
Spring is on the way for our housing market and we have already begun to see an upswing in home sales this past month. Hoorah!
Here’s a quick recap of 2007. We saw an increase in days on market for 2007 for a couple of reasons. First, the lending and national housing market took a toll on the DFW area as a whole. Inventory went up slightly and raised our Days on Market, however homes continued to sell and home prices remained steady. The second reason is from changes within the MLS tracking system for listing homes. As of late July 2007, homes that came on and off the market in under 30 days kept cumulative days on market, thus taking up the number of days on market for any home that was relisted or withdrawn from the market.
For homes that are staged and marketed professionally, demand is still incredibly high. In December, we sold a home on Crownhill with multiple offers in 6 days. That just goes to show that the Midway corridor is still a strong and marketable area!
There are two reasons for this increase in appeal and value. As Barksdale and Prestonwood increase in demand for schools, our neighborhood value has continued to increase.
Also, our neighbors are getting more for their homes by improving with updates of added value. We are more than happy to share resources and ideas for updating that will add value and not waste time and money where you don’t need it.
If you are considering remodeling or would like more information about selling your home, feel free to call me at 972-608-0777.
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| Barbara Van Poole |
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Barbara Van Poole
Realtor, CRS, ABR, GRI, WCR
Phone: 972-949-BARB
Barb Office: 972-608-0777
Barb Fax 972-608-8903
email: Barbara@VanPoole.com
website - BarbaraVanPoole.com
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Keller Williams Realty
18383 Preston Road Suite 150
Dallas, TX 75252
KW Fax: 972-732-6003
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