Haltom City, TX Market TrendsBETA

The average asking price for multifamily properties in the metro area was $44,675 per unit for the month. This shows a drop of 2.1% year-over-year, and a decline of 8.2% from the end of the fourth quarter of 2011. Asking prices for multifamily properties reached a three-year high in July 2008 at $54,674 per unit. The current median asking price is 3.7% lower. The lowest asking price in the past three years was $42,355 set in April 2010.

In January 2009, the asking prices for office properties were at their highest in the past three years at $134.08 per square foot. In comparison, the current median asking price is down by 16.3%. The lowest asking price over the past three years was $100.45 in December 2005.

Asking prices for industrial properties have gone up versus past quarter, rising 0.1% to $50.00 per square foot. For the year, asking prices have still declined 2.8%. Asking prices for industrial properties hit a three-year peak in September 2008 at $55.09 per square foot. In comparison, the current median asking price is down by 17%. The lowest asking price over the past three years was $42.61 in February 2006.

Asking prices for retail properties have gone up from the end of last quarter, rising 1.2% to $130.27 per square foot. For the year, asking prices are up 2.5%. Asking prices for retail properties reached a three-year high in September 2006 at $149.62 per square foot. The current median asking price is 7.2% lower. The lowest asking price in the past three years was $124.64 set in May 2011.

Sale prices per unit for multifamily properties have increased by 4.2%, and currently sit at $49,905. Similarly, the average sale price has increased by 12.5% over the past year. The highest median sale price over the past three years, which was $50,566, was set in August 2009. The current median sale price is 1.3% lower. However, the current price is 12.5% higher than the three-year-low set in March 2011. This is the thirteenth month in a row that the median sale price in the metro area has risen for multifamily properties. Back in March 2011, the median sale price was $44,345.

Sale prices per square foot for office properties decreased to $95.78, a decline of 2.6% compared with the last quarter. But for the preceiding 12 months, sale prices are up by 2.2%. For the past two consecutive months, the median sale price per square foot for office properties in the metro area has been falling, but it is still up year-over-year. It is down 2.3% over that time but up 2.2% for the year. The highest median sale price over the past three years was $110.01, which was set in August 2009. In comparison, the median sale price is now 12.9% lower. However, the current price is 9.4% above the lowest price of the past three years, which was set in January 2010.

For the past three months, the median sale price per square foot for retail properties in the metro area has dropped 3.9%. Previously, sale prices rose 3% over a three-month period ending in January. Sale prices per square foot for retail properties are $73.51, representing a 2.2% decrease from the end of the prior quarter. The average sale price for the preceding 12 months has dropped by 16.8%. The metro median sale price for this month marks a three-year low. The previous low point was set in November 2011 at $74.30.

Available multifamily properties have fallen for the past six months month-over-month, a 17.5% decline. In March, available multifamily properties in the Dallas Metro Area reached a new three-year low. The previous low was set last month. There has been a 25.1% drop in available multifamily properties over the past year in the Dallas Metro Area.

There has been a four month drop in the number of office properties available month-over-month in the metro area, representing a 1.5% downward movement. The number of office properties available in the Dallas Metro Area has fallen 0.2% over the past year.

This is the third month of an increase in industrial properties for sale in the metro area, representing a 0.1% increase. Over the past year, the number of industrial properties available in the Dallas Metro Area has gone up by 3.2%.

There has been a four month drop in the number of retail properties available in the metro area, a 2.5% fall, but this was not enough to offset the 2.7% upward trend seen in the past year.

Demand on LoopNet for multifamily properties spiked in the Dallas Metro Area market, rising 13.9% since December 2011, 3.7 percentage points less than the 17.5% increase in the national average. Demand for multifamily properties also increased by 4.8% over the past year. The yearly change ranks the Dallas Metro Area thirty-third out of the top 48 metros.

Demand on LoopNet for office properties spiked in the Dallas Metro Area market, rising 32.7% since December 2011, 10.9 percentage points more than the 21.8% increase in the national average. Demand for office properties also increased by 25.2% over the past year. The yearly change ranks the Dallas Metro Area twentieth out of the top 48 metros.

Demand on LoopNet for industrial properties spiked in the Dallas Metro Area market, rising 24.3% since December 2011, 1.9 percentage points more than the 22.4% increase in the national average. Demand for industrial properties also increased by 17.8% over the past year. The yearly change ranks the Dallas Metro Area thirty-seventh out of the top 48 metros.

Demand on LoopNet for retail properties spiked in the Dallas Metro Area market, rising 16.3% since December 2011, 3.3 percentage points less than the 19.6% increase in the national average. Demand for retail properties also increased by 22% over the past year. The yearly change ranks the Dallas Metro Area twenty-eighth out of the top 48 metros.

For the past four months, available square footage for sale has declined month-over-month for office properties. The square footage available for sale for office properties in the metro area decreased 1.5% year-over-year and 3.7% compared to the end of the fourth quarter of 2011. Office properties in the metro area have seen a 1.5% drop in square footage for sale over the past year. The drop in both the supply of properties and the average time on market could be a sign that prices are going to move upwards. A decrease in supply also appears to be making the market more favorable for sellers, which could be why prices are going up.

The square footage available for sale for industrial properties have been on the rise month-over-month for three consecutive months. Square footage for industrial properties has risen 0.9% versus the end of last quarter. For the year, square footage is up 2.4%. There has been a 2.4% increase in square footage available for sale over the past year in the metro area. The rise in supply, combined with the drop in days on market, makes it seem that market conditions are bringing buyers back in.

For the past four months, square footage available has declined month-over-month for retail properties, a 6% decrease, but this was not enough to offset the 1.5% climb seen in the past year. The rise in supply, combined with the drop in days on market, makes it seem that market conditions are bringing buyers back in. The rise in supply also seems to be putting downward pressure on sale prices, which could be why they have fallen lately.

This is the fifth consecutive month that units available for sale has declined month-over-month for multifamily properties. Multifamily properties saw a new three-year low in number of units available for the month of March. The previous low was reached last month. The number of units available for sale for multifamily properties in the metro area represents a 44.1% decline over the past year. The drop in both the supply of properties and the average time on market could be a sign that prices are going to move upwards. A decrease in supply also appears to be making the market more favorable for sellers, which could be why prices are going up.

The time on market for multifamily properties in the Dallas Metro Area is 108 days, down by 30.3% from last year. Overall in Texas the time on market has dropped by 13% during the same time period. Metro days on market is down 43.2% from its highest point in August 2009.

Over the past year, the time on market for office properties in the Dallas Metro Area has decreased 1% to 194 days. In Texas overall, the time on market fell even more as a percentage, by 8.4%, to 208. From August 2011, when the time on market was at its longest, it has come down 20.3%.

Industrial properties in the Dallas Metro Area stay on the market for 193 days, which is 22.7% shorter than last year. At the state level, time on market has fallen by 11.4% during the same time period. When put next to the highest days on market established in April 2011, it has now decreased 23.9%.

The time on market for retail properties in the Dallas Metro Area is down 30.1% from last year, to 119 days. Overall in Texas the time on market has dropped even further as a percentage, by 39.1%, to 116 during the same time period. This month represents a new low for days on market in the metro area.

Asking lease rates for office properties rose to $15.64 per square foot, a 0.1% increase compared with the end of the prior quarter. For the year, asking rates have fallen 1.3% on the year. Lease rates for office properties hit a three-year peak in April 2008 at $16.28 per square foot. In comparison, the median asking price is now 4.3% lower. The lowest asking lease rate over the past three years was $15.00 in December 2005.

Lease rates for industrial properties hit a three-year peak in June 2008 at $6.41 per square foot. In comparison, the median asking price is now 13.2% lower. On the other hand, the lowest asking lease rate in the past three years was seen in February 2006 at $5.16. The asking lease rate for industrial space in the metro area has risen to $5.84 from $5.16 three years ago, a rise of 13.2 percent.

Asking rates for retail properties have gone up versus past quarter, rising 0.1% to $13.64 per square foot. Meanwhile, lease rates for the year have dropped by 3.7%. Asking rates for retail properties reached a three-year high in December 2008 at $15.20 per square foot. The current median asking lease rate is 2.3% lower. The lowest asking lease rate in the past three years was $13.58 set in January 2012.

The number of office spaces for lease in the metro area has been rising four months in a row month-over-month, moving up 3.5%. This month in the Dallas Metro Area, office spaces available hit a new three-year high. The previous high was set in July 2011. The number of office spaces available in the Dallas Metro Area has risen 22.4% over the past year.

This is the fourth month of an increase in industrial spaces for lease in the metro area, representing a 2.4% increase. The Dallas Metro Area has seen a 7.6% rise in the number of available industrial spaces over the past year.

For the past two months, the number of of retail spaces for lease has been on the rise month-over-month, increasing 0.2% over that period. The number of available retail spaces has risen by 15.2% in the Dallas Metro Area over the past year.

Demand on LoopNet for office properties spiked in the Dallas Metro Area market, rising 33.8% since December 2011, five percentage points more than the 28.8% increase in the national average. Demand for office properties also increased by 40.7% over the past year. The yearly change ranks the Dallas Metro Area seventh out of the top 48 metros.

Demand on LoopNet for industrial properties spiked in the Dallas Metro Area market, rising 37.7% since December 2011, 11.9 percentage points more than the 25.8% increase in the national average. Demand for industrial properties also increased by 47.8% over the past year. The yearly change ranks the Dallas Metro Area seventh out of the top 48 metros.

Demand on LoopNet for retail properties spiked in the Dallas Metro Area market, rising 25.6% since December 2011, 0.3 percentage points more than the 25.3% increase in the national average. Demand for retail properties also increased by 29.7% over the past year. The yearly change ranks the Dallas Metro Area thirteenth out of the top 48 metros.

Over the past four months, office properties have seen a steady increase in available square footage in the metro area. Square footage for office properties has risen 6.6% versus the end of last quarter. For the year, square footage is up 17.3%. Office properties in the metro area have seen a 17.3% rise in the average available square footage over the past year.

For the past two months, available square footage has declined month-over-month for industrial properties. The square footage available for industrial properties in the metro area decreased 14.7% year-over-year and 1% compared to the end of the fourth quarter of 2011. A new three-year low in available square footage was reached during the month of March. The previous low was reached in January 2012. The square footage available for industrial properties in the metro area has fallen 14.7% over the past year.

Retail properties are seeing a nine month fall in available square footage, a 12.5% decline, but have not countered the 3.9% increase seen over the past year.

The time on market for office properties in the Dallas Metro Area is down 20.8% from last year, to 177 days. During the same period, days on market in Texas have dropped 10.6%. This month, time on market for these properties hit a new low point.

Over the past year, the time that industrial properties stay on the market in the Dallas Metro Area has declined 11.5% to 218 days. In Texas overall, the time on market fell even more as a percentage, by 19%, to 199. Compared with April 2009, when time on market was its shortest, it has climbed 31.8%.

Days on market for retail properties in the Dallas Metro Area fell 18.7% from last year, to 237 days. At the state level, time on market has fallen by 11.7% during the same time period. From its lowest point in April 2009, the number of days on market have increased 51.8%.