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Grapevine, Texas Real Estate Statistics (August 30, 2012)
Grapevine, Texas Real Estate Statistics (August 30, 2012)
GRAPEVINE, TX
Single Family Homes
This Week
The median list price in GRAPEVINE, TX this week is $255,000. Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Real-Time Market Profile Median List Price $ 255,000 Asking Price Per Square Foot $ 110 Average Days on Market (DOM) 107 Percent of Properties with Price Decrease 45 % Percent Relisted (reset DOM) n/a Percent Flip (price increased) 5% Median House Size (sq ft) 2340 Median Lot Size 8,001 - 10,000 sqft Median Number of Bedrooms 3.0 Median Number of Bathrooms Market Action Index Buyer's Advantage 2.5 23.2
Trend ==
No change
== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend
Price
Market Action Index
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Price Trends
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
Quartiles
Quartile Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size
0.25 - 0.50 acre 8,001 10,000 sqft 8,001 10,000 sqft 8,001 10,000 sqft
Investigate the market in quartiles where each quartile is 25% of homes ordered by price.
Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties
Beds
Baths
12 20 26 33
34 34 34 35
2 3 6 12
1 7 7 2
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