Bain & Associates Inc. Blog

January 2009 North Texas Sales Statistics

February 21st, 2009 9:27 AM

NTREIS MLS Area Housing Activity Report
Compiled for North Texas Real Estate Information System

Current Month Summary for: January 2009

Property Type	Sales	% Change Year Ago	Dollar Volume	% Change Year Ago	Average Price	% Change Year Ago
Single Family	3,399	-27%	$569,696,193	-33%	$167,607	-8%
Condos and Townhomes	162	-46%	$25,772,256	-53%	$159,088	-14%
Farms and Ranches	23	-38%	$9,366,221	-15%	$407,227	36%
Multifamily	45	-32%	$5,022,810	-53%	$111,618	-31%
Lots and Vacant Land	163	-53%	$16,507,662	-65%	$101,274	-25%
Commercial	31	-40%	$5,609,357	-59%	$180,947	-31%
Rentals	2,005	25%	$2,582,440	27%	$1,288	1%

Property Type	Median Price	% Change Year Ago	Price/ Sqft	% Change Year Ago	DOM	% Change Year Ago
Single Family	$129,000	-6%	$78	-7%	86	-2%
Condos and Townhomes	$108,000	-16%	$109	-13%	116	30%
Farms and Ranches	$170,900	-13%			135	35%
Multifamily	$90,000	-20%			132	39%
Lots and Vacant Land	$41,750	-33%			196	12%
Commercial	$61,120	-64%			170	27%
Rentals	$1,200	0%	$1	6%	56	0%

Property Type	Pending Sales	% Change Year Ago	New Listings	% Change Year Ago	Active Listings	% Change Year Ago
Single Family	4,367	-17%	10,202	-19%	37,224	-14%
Condos and Townhomes	228	-26%	881	-13%	3,769	-2%
Farms and Ranches	25	-29%	172	-7%	1,132	17%
Multifamily	56	-20%	178	-21%	960	-4%
Lots and Vacant Land	211	-33%	1,921	-1%	16,763	16%
Commercial	33	-33%	364	-14%	3,185	7%
Rentals	1,891	23%	2,643	13%	5,341	22%

Note: Current month's sales are preliminary and the previous 11 months were revised
Source: Real Estate Center for NTREIS.

Posted by David Bain on February 21st, 2009 9:27 AMPost a Comment (0)

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Interactive Dallas Real Estate 4th Quarter 2008 Sales Map

February 16th, 2009 7:48 PM

The link below will take you to an interactive Dallas real estate map with 4th quarter 2008 sales data. It is sortable by percentage price change, median price, and by average sales price per square foot.

Visit the site at http://www.dallasnews.com/sharedcontent/dws/graphics/homesales/084q.html

Posted by David Bain on February 16th, 2009 7:48 PMPost a Comment (0)

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Worry-Free Mortgage Plan

February 8th, 2009 1:53 PM

Video

Created On: Friday, 06 Feb 2009, 9:58 PM CST

James Rose

DALLAS - A local mortgage broker said she's trying to take some uncertainty out of home buying in the down economy.

Linda Davidson saw a car commercial that promised buyers they could return the car if they lost their job. She wondered if the same concept could apply for a house.

David did a little research and found a company doing the next best thing.

The "Worry-Free Mortgage" costs buyers about $500, but it offers them protection in case they lose their job in the first two years after they purchase their home.

If the person is laid off during that time the insurance simply picks up the mortgage.

That's up to $1,800 per month for a maximum of six months, Davis said.

She is hoping it will help improve sales at a time when people are afraid to buy a home.

Larry Strickler, another local real estate agent said he thinks it's a great idea.

It could become a standard practice with home listings, he said.

Posted by David Bain on February 8th, 2009 1:53 PMPost a Comment (0)

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Dallas homes in foreclosure on rise

February 7th, 2009 9:29 AM

Dallas homes in foreclosure on rise

Dallas Business Journal

Foreclosures were on the rise in Dallas, Irving and Plano at the end of 2008, according to a report from First American CoreLogic, but remained steady in Fort Worth and Arlington.

The Santa Ana, Calif.-based company (NYSE: FAF) said about 0.9 percent of the homes in Dallas, Irving and Plano with mortgages were in foreclosure in December, up from 0.8 percent in December 2007. The company said 5,766 homes in that area were in foreclosure in the month of December.

CoreLogic collects data on home prices, foreclosure and delinquency activity and other residential real estate activity.

About 3.7 percent of Dallas-area mortgage loans were 90 days or more delinquent in December — unchanged from a year earlier.

Foreclosure rates in Fort Worth-Arlington have remained the same for December 2008 and December 2007 — 0.8 percent, CoreLogic said. It said 3,042 homes in the Fort Worth-Arlington area were in foreclosure in December. The mortgage delinquency rate also was unchanged with 3.8 percent of mortgage loans 90 days or more delinquent.

Foreclosure percentages in North Texas remain below the 1.7 percent of U.S. mortgages in foreclosure at the end of December, according to the report.

Posted by David Bain on February 7th, 2009 9:29 AMPost a Comment (0)

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