The University Meadows area of Dallas is located between Skillman and Abrams, south of Lovers and east of the Central Market Condos. Most of these houses were built in the 1970s. A typical home in the University Meadows neighborhood is around 2200-2600 square feet in size, has a brick exterior and is a single-story residence. This community has easy access to all kinds of urban amenities but maintains a suburban feel. This area is located just down the street from a public library, post office and lots of shopping in Old Town or along lower Greenville. A quick access to White Rock Lake for running or biking helps active residents stay healthy.
According to the North Texas Real Estate Information Systems (NTREIS), the University Meadows area of the Dallas real estate market currently has five active listings. The average home listed for sale is a 3 bed/2 bath 2312 square foot property listed at $345,480. It has been on the market for 54 days.
Over the past six months, 14 homes were sold in the University Meadows area of Dallas. The average home was listed at $352,764 and ended up selling for $345,385 in less than two months (51 days on market). The final sales price was just 2% less of the original listing price and sold in a short amount of time.
University Meadows in Dallas remains a highly desirable place to live. Properties that go on the market tend to be picked up rather quickly from buyers anxious to call this home. If you are a buyer looking to set down roots in Dallas' University Meadows community or have a home in the area you want to sell, contact me now.
Originally posted on my Welcome to Dallas real estate blog here: http://490e11c.activerain.com/post/3618339/university-meadows-dallas-housing-stats-for-january-2013.