I wanted to see how the YTD (Jan. - May) sales numbers for 2011 compared with last year's sales numbers. And since we all know there was that little "Buyer's Tax Credit" thing that falsely inflated our sales numbers for 2010, I went back to 2009, as well. So take a look and let me know what you think.
The first thing that sticks out to me is the 9% drop in the number of sales for Area 12 from '09 to '11, yet during the same time Area 12 has seen roughly a 25% increase in average sales price. This is intriguingly coincided with an almost 20% increase in DOM. I'm at a loss as to how to explain this. So perhaps some of you stats geeks out there can help out.
Area 12 (East Dallas/Lakewood/White Rock Lake)
Year # Sales Sales $ $/sf DOM
'09 707 $221,465 $118 98
'10 751 $229,455 $124 93
'11 648 $276,756 $134 117
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Area 11 sales have increased over 50% during this same time period in 2009, yet from '09 to '10 the sales prices dropped 14%, only to increase slightly in 2011. Maybe this means North Dallas and Preston Hollow hit the bottom? If so, aren't you mad you missed out on some great deals?
Area 11 (North Dallas/Preston Hollow)
Year # Sales Sales $ $/sf DOM
'09 152 $842,824 $217 137
'10 217 $728,165 $187 162
'11 232 $761,022 $192 146
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Sales in the Park Cities have increased a stunning 80% since '09, with a modest 8% increase in average sales price. This seems like a solid upward trend. This seems much easier to interpret than the other two areas.
Area 25 (Park Cities)
Year # Sales Sales $ $/sf DOM
'09 161 $1.049M $292 136
'10 275 $1.072M $298 143
'11 291 $1.133M $309 127
Danka
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