Looking at January 2009 and January 2010 in Keller, Texas, Real Estate

In January of 2009, 32 properties sold in the city limits of Keller. The minimum price was $69,500. The maximum price was an extremely high $1,150,000! Minimum days on the market was seven. Maximum days on the market was 781. (It's no surprise that the property that was on the market so long was the $1 million plus property listed above.) Average sales price was $302,324.

In January of 2010, 39 properties sold in Keller. The minimum price was $85,500. The maximum price is difficult to know because only the list price of $849,500 was shown. In rare cases, the MLS does not indicate the sales price. This usually happens in properties at a higher price point, such as this one. However, it is probably safe to assume that the price was in excess of $825,000.

Maximum days on the market was 542; minimum was five. The property that was on the market the longest was originally priced at $320,000 and finally sold for $266,000. From looking at the neighborhood of Heatherwood Estates, the final sales price is much more in line with other properties that sold than the original list price. The master bedroom was also upstairs, which usually results in a longer time on the market and a lower price per square foot. This home is a case in point for pricing accurately when the property is placed on the market. For a market analysis of the value of your property, contact the Grove Team at 817-337-0000 or email at info@groveteam.com.

While the value of looking at any one month period is limited, these numbers do show an upward trend in Keller in 2010. For more complete information on real estate in Keller, Colleyville, Southlake, North Richland Hills, Grapevine, or North Fort Worth contact the Grove Team at http://www.groveteam.com/.