Clemmons & Lewisville Market Report – 1st QTR 2020

Statistics for 1st Quarter 2020

At the end of March 2020, there are 220 listings marked pending in the Triad Multiple Listing service for Clemmons/Lewisville Market.  This number includes Single-Family Properties and Townhomes.  The available inventory for Single-Family Homes is 197 listings and 14 Townhome Listings.

The Average Sales Price is $304,354 for a Single-Family Home.  This is an increase of 5.9% from the 1st QTR in 2019 when the Average Sales Price was $287,489.  The Average Sales Price is $154,864 for a Townhome for the 1st QTR of 2020.  This is a decrease of 11.7% from the 1st QTR in 2019 when the Average Sales Price was $175,383 for a Townhome listing.

In the 1st QTR 2020, the Median Sales Price is $ 289,730 for Single-Family Homes.  This is a 19.7% increase from the 1st QTR 2019 when the Median Sales Price was $242,000.  The Median Sales Price is $ 125,500 for a Townhome Listing in the 1st QTR 2020.  This was a 31% decrease in the Median Sales Price in the 1st QTR 2019 when it was $182,000 for a Townhome property.

Analysis of the absorption rate indicates an inventory of 3.0 months for Single-Family Homes and a 2.4  months inventory for Townhouse properties.

In the 1st QTR of 2020, a total of 178 Single-Family homes closed in the Clemmons and Lewisville areas. This is a 32.8% increase from the 1st QTR in 2019 when 134 listings closed.  During the 1st QTR 2020, 14 townhome listings closed. This is a decrease of 57.6% from the 1st QTR 2019 when 33 townhome properties closed.

During the first 30 days on the market, 56% of these closed properties were under contract.

The most active price point are homes in the $260,00 to $399,999 range, which made up 47% of closed sales during the 1st QTR 2020.  The second most active price point of closed listings is in the $180,000 to $259,999 range, which made up 23% of the closed properties.

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