Statistics for Southlake, Texas, Real Estate for First Quarter 2010

In the first quarter of 2010, 76 properties sold in Southlake. The average number of days on the market was 171; the average price per square foot was $138.07; the average sales price was $621,482.

In the first quarter of 2009, 55 properties sold in Southlake. The average number of days on the market was 122; the average price per square foot was $152.03; the average sales price was $755,018.

It is unfortunate that these numbers are less reliable than they might otherwise be because of the practice of "Z-ing" of sales prices. When an agent uses a "Z" after the sales price, then the actual sales price is not disclosed. Only the list price is stated, so all statistics are taken from list price, which could be dramatically higher or lower than sales price. In 2009, agents used this practice for ten properties sold in Southlake. In 2010, agents used this practice six times for sales in Southlake.

All statistics are taken from the MLS and are deemed reliable but not guaranteed.

For comprehensive statistics for real estate sales in all of Northeast Tarrant County or for a market analysis of your home's value, contact the Grove Team at 817-337-0000 or http://www.groveteam.com.