Denton Market Analysis

Denton, TX is approximately 30 minutes northwest of Dallas, 35 minutes northeast Ft. Worth and 35 minutes north of the DFW International Airport. Denton is the county seat of Denton County.  Per 2010 US Census data showed a population of 113,383 making it the 27th most populated city in Texas and the 11th largest city in the DFW area.  

Primary Year	Sale Price, Median
2005	$132,000
2006	$135,000
2007	$134,000
2008	$135,100
2009	$140,000
2010	$139,000
2011	$136,000
2012	$141,000
2013	$160,000
2014	$169,000
2015	$165,000

We have researched all sales within the city of Denton.  Utilizing North Texas Real Estate Information Systems, Inc. MLS Database we looked at the median sale price in Denton for the past 10 years.  The trend line shows a steady increase in the median sale price.  There is a 20% increase in the median sale price from 2005 to current.  The only exception to the trending increase was from 2010 to 2011 which declined from $139,000 to $136,000.  

Primary Year	Sales, Number of
2005	1,656
2006	1,878
2007	1,833
2008	1,547
2009	1,540
2010	1,592
2011	1,599
2012	1,806
2013	2,269
2014	2,310
2015	245

We have also looked at the number of sales in Denton within the past ten years.  We have looked at the number of sales for each year. The number of sales trendline also shows steady increase from year to year. The market continues to show steady growth. The total number of sales for the first three months of 2015 is 245.

Primary Year	CDOM, Median
2005	53
2006	49
2007	49
2008	45
2009	46
2010	47
2011	48
2012	41
2013	27
2014	25
2015	35

We also looked at was the median days on the market for each year.   Longer marketing times typically occur when markets are slower thus the median number of days is higher.  In this analysis the number of days on the market trendline is decreasing which shows a strong market.   The number of days on the market for 2015 is higher which may show signs of a slowing however most often this is due to seasonal fluctuations as homes do not sell as often during the winter.

Primary Year	Sales, Number of
2005	108
2006	129
2007	124
2008	159
2009	150
2010	174
2011	158
2012	165
2013	104
2014	72
2015	2

The last item we looked at for this analysis were the number of foreclosure sales in Denton for the past year. The height of foreclosure sales in Denton was 2010 at 174 sales.  The number of sales has declined significantly in 2014 and there is only one sale in the database for 2015.  This coincides with the other trends which show strong growth for the housing market in Denton. 

The market for the city of Denton is strong and the trends have been positive with increase in sale prices, along with a decrease in foreclosure sales and decreases in number days on the market.  

Disclaimer: All information deemed reliable but not guaranteed. The information is meant entirely for educational purposes and casual reading only and is NOT intended for any other use.  This information is NOT intended to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or other potential real estate or non real estate purpose.  If you’d like to obtain additional information or order an appraisal for your specific needs, please contact us at www.dwslaterco.com.