Tuesday, March 4, 2008
My Bad. Revised Park Cities Sales Stats
Turns out I didn't look very closely at the closing dates of the properties. Big thanks to Britt Fair for noticing there was not 1 closing in February on the CMA even though you can see I included the month of February in the search criteria up top. I just got off the phone with our MLS folks and apparently the term we use when you search for homes in Highland Park ISD was changed (there are 3 Highland Park ISD search terms in our MLS for some reason) which is why no closings showed up for the month of February. Completely my fault. Isn't technology fun? If I worked for a news station I would totally be fired. So here are the real 2008 sales stats. Lakewood and Preston Hollow stats were not affected.
Number of homes sold: 44 (60)
Avg. price/sf: $365.71 ($363.07)
Avg. sales price: $1,487,885 ($1,594,985)
Avg. days on market: 117 (75)
*2007 statistics for same time period in ( )
So that is only a 27% drop in number of homes sold and a 7% drop in price.