November 15, 2017 by Nitin Gupta, GRI, REALTOR
The market for luxury homes (homes priced over $8,00,000) in Southlake still favors the buyer, but there is good news for high end home sellers. As you can see below, luxury home sales have continued in Southlake with 16 homes sold in September and 11 homes sold in October.
High end buyers are active, you just have to market your home correctly to get it sold.
Luxury Home Sales Market Improves
Like with any other niche in the real estate market, luxury homes are bound by the relationship between supply and demand.
If more buyers exist than there do high end homes, values rise. Unfortunately, the opposite is true as well. When inventory is far deeper than is the pool of buyers, values can remain flat or decline.
Currently, the inventory of luxury homes for sale in Southlake is still high and thus we are seeing pricing pressure and many low-motivation sellers spending months on the market.
But highly motivated luxury home sellers are getting sold. The good news is that the luxury Southlake home supply has gone down drastically since summer of 2017. The demand for these homes is as good as it has been in many years, buoyed by low mortgage interest rates and a strengthening economy.
Inventory in the Southlake area is stable, with 67 active homes. Subdivisions with most active homes include:
There are 8 additional homes pending sale with most of the pending homes listed below $1,500,000.
There are many other “off-market” properties coming available. Inquire if you would like to know before they list!
Master Bath of Most Expensive Home Sold So Far in Southlake Texas in 2017
Map of Luxury Southlake Texas Homes Sold in 2017
Centrally located in the DFW metroplex Southlake is a premium local to live and play. With convenient access to DFW Airport, dining, entertainment, shopping and major employment centers, this community keeps you and your family connected.
Southlake fosters a sophisticated, well-kept, neighborly environment for you to call, home. Come visit Southlake for yourself and walk-through one of our stunning homes today.
About us: Southlake Real Estate Experts
How can both buyers and sellers have an advantage in the Southlake Texas real estate market? Employ the services of a local Southlake real estate agent who has vast knowledge and experience of the market.
Find Southlake Homes for Sale or Sell Your Southlake Home
For a complete list of available real estate in Southlake, visit Southlake Homes for Sale.
The above information regarding the “Southlake Texas Real Estate Market Report – New Home Builder Spotlight - Carillon by Our Country Homes in Southlake ” was provided by Nitin Gupta, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he would love to share his knowledge and expertise.
The communities Nitin proudly serves include University Park, Coppell, Frisco Flower Mound, Southlake, Grapevine, Colleyville.