Fairview TX Market Report October 2011

Fairview TX

Fairview TX is a small bedroom community located east of US 75 at Stacy Road. According to the Fairview Texas Website:

Fairview offers the warmth of a small town and the convenience of a big city. Located north of Dallas at U.S. Highway 75 and Stacy Road, Fairview is an alternative to the North Texas communities that are known for their cookie-cutter sub- divisions. The majority of Fairview is zoned for residential lots that are one acre or larger, with a few areas reserved for smaller home sites.

The housing market is Fairview is very stable. This month we’ll present median sales price, days on market, and months supply of housing charts. Click on any chart for a larger view.

Median Sales Price

Fairview TX Median Sales Price October 2011

The median sales price in Fairview has recovered nicely from the low in the summer of 2009. Zoned to Lovejoy ISD and boasting estate sized lots, Fairview continues to attract buyers. The opening of the Shops at Fairview brought upscale shopping, dining, and entertainment to Fairview.

Days on Market

Fairview TX Days on Market - Oct 2011

The Days on Market in Fairview remain stable at about 120 days. While this is slightly over the average in the local area, 120 days on market is still very good considering the higher price points in Fairview.

Months Supply of Housing

Fairview TX Months of Housing Supply - October 2011

The months supply of housing is slightly over 7.5 months. The National Association of REALTORs states that a 6 month supply of housing is a stable market, supplies under 6 months are a seller’s market, and supplies over 6 months is a buyers market.  While Fairview is slightly over 6 months, I still believe the market is balanced given the higher price points in the area.

Feel free to contact us if you have questions or need any additonal information.

Tom Branch, Broker, CDPE, SFR

Photo: Copyright 2011 – Tom Branch

 

About Tom Branch

Tom Branch has written 597 posts in this blog.


Have you ever just met someone, but felt you like you'd known him for years? That's what most people experience with Tom. He has a knack for making folks feel right at home. After 21 years in the Air Force, loyalty and honesty are the foundation of everything Tom does. In addition to being a Texas Real Estate Broker, Tom is a Certified Distressed Property Expert (CDPE) and a Short Sales & Foreclosure Resource (SFR).

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