Sunday, March 2, 2008
Preston Hollow Sales Stats Year-to-Date
Area 11 or "Preston Hollow" boundaries for real estate purposes are very broad and I realize that. So don't go telling me how the REAL Preston Hollow does not include Strait Lane. Just so you know, Area 11 is defined by the areas North of NW Hwy and South of LBJ; East of Midway and West of 75.
Number of homes sold: 58 (92)
Avg. price/sf: $241.76 ($207.23)
Avg. sales price: $998,662 ($828,641)
Avg. days on market: 89 (79)
*2007 statistics for same time period in ( )
Preston Hollow - much like the Park Cities - posted a 37% drop in number of homes sold but comes in strong with a 17% rise in average sales price. See 2007 and 2008 here and here. So what does this mean for you in 2008? Nothing. If you're thinking about selling your home in 2008 then you need to call me, or a Realtor you trust, and I will take a good look at your house and what's going on in your specific neighborhood. Then based on that information you should be able to get a good idea of what you will be able to sell your home for.