An Irresistible Country Custom Home. All the bells and whistles are here in this home with Custom Iron Front Door, Wood Floors, Stainless Appliances, Elegant Light Fixtures, and Wonderful Windows Overlooking the Estate Sized Lot that is 1.51 Acres. A Media Room, Game Room, Large Covered Patio,and a Lovely Sitting Area and Second Fireplace in the Master. Granite in Baths and Kitchen. 3 Car Garage & a Storm Cellar .
UPDATED! MUCH DESIRED WILLOW BEND. MARBLE ENTRY,PLTN SHUTTERS THRUOUT,GRANITE IN KITCHEN,WET BAR, ALL BATHROOMS, LNDRY ROOM. STUDY OR 4TH BR DOWN.UPDATED CARPET & C-TILED FLOORS, C SHAPED FL PLAN W-VIEW OF POOL-SPA.OPEN FAMILY ROOM,KITCHEN, BKFST RM. KITCHEN HAS DBL OVEN, SS APL, TUMBLE MARB. BK SPLASH. WET BAR W-WINE RACK. MASTER SUITE W-HYDRO TUB.GUEST BATHROOMS UPDATED W-TRAVERTINE. HDWD FLOORS. NO WALLPAPER. CUSTOM WALL TEXT&PAINT. ROOF 9-09
Rising land prices foretells of strong housing market in PROSPER TEXAS.
Overall housing outlook looks good in the long term as the DFW area continues to see steady population growth with a significant portion of that growth looking for detached single family homes. Low cost of living continues to bring relocations to the area.
I have to laugh when, on the one hand, I see all of the doom and gloom about the collapse of the housing market and on the other hand, look at the boom and boom of cost of Collin County land. If land is selling at higher and higher prices that foretells a strong housing market next year. This housing is not part of a housing bubble in danger of collapse.
Collin County has seen very moderate value growth in comparison to east and west coast housing markets where strong double digit appreciation has prevailed. Availability of raw land for new development and low barriers to entry for home builders has kept the Collin County market in check. Homeowners should not be fearful of any sharp value declines but instead should generally expect mediocre value increases with the exception of select unique sought-after developments such as in Prosper.
Higher interest rates has brought some calming to the breakneck pace of new home starts in the area, particularly in the first home and move-up markets. However, the strong demand for raw land in outlying areas continues to evidence homebuilders confidence in the future of the market.
Completion of the Dallas North Tollway up to US 380 in the fall of 2007 will bring many developable tracts online and we will see housing starts grow significantly in northern towns, such as Prosper, which were previously less accessible.
We are also seeing greater demand for attached product -- particularly townhomes. Many builders looking for opportunities to cater to the empty nester, young professional and young married markets have found success in townhome product. Townhome developments in mixed use environments such as Legacy Town Center have done especially well.CONTACT TIFFANY SHARKEY AND TONYA PEEK FOR ALL YOUR PROSPER TEXAS REAL ESTATE QUESTIONS 214-356-4472.
RAISING ROOFS: Luxury home builders have found success in a sagging housing market by building in the upscale Preston Hollow neighborhood of Dallas and the city of Prosper.
In a North Texas housing market where starts are off a third from last year’s pace, mortgage lenders are cutting staff, Realtors are competing aggressively for a contracting number of sales and the number of foreclosures is the only thing on the rise, the first sign of hope — be it however modest — has emerged.
Houses in the $250,000 to $300,000 price range actually saw sales increase by 0.7% in the second quarter from 2,412 to 2,450, according to research by the housing consultant Residential Strategies.
While that number is far off the North Texas housing market’s glory days from earlier this decade, every other price point has continued to see dramatic drops, according to Residential Strategies data. Houses priced from $111,000 to $200,000, for example, saw a drop in sales of 14% in the last quarter. And closings on high-end homes — those costing $501,000 or more — did no better than hold steady.
Prosper builders are responding, with starts on houses in the $251,000 to $300,000 price range up 6.4% in the last quarter. All other price points saw a decrease, as many builders are trying to unload their inventory of finished homes.
“There’s lots of activity in different parts of the region,” said Bob Morris, executive officer of the Home Builders Association of Greater Dallas. “It’s not new spec-built product. It’s been sitting on the market for six to eight months. There’s no rational reason to bring new product into the market.”
The numbers reflect “current market realities.It’s difficult for builders to get reasonable financing for houses at lower and higher price points.
“The segment of population that can afford homes are in the above-median price bracket,” he said. “And a lot of these buyers may be saying now is a good time to hire a builder who might be selling a $250,000 or $300,000 house that a year ago would have been a $300,000 to $350,000 house.”
‘Not business as usual’
Nationally, home sales are off by 62% since the peak of the housing market in January 2006, according to numbers from Residential Strategies. In the Dallas-Fort Worth area, closings are off 32% from their peak.
“It’s not business as usual, but it’s not a disaster,” said Tiffany Sharkey, with Ebby Halliday Realtors. “You’ve got to readjust.”
And that’s what many builders have done, he said. Custom builders that had ventured into lower- and midpriced homes have moved back to houses priced between $350,000 and $600,000, Sharkey said.
“They just went back to their roots, figuring there was still a market there and more money to be made,” he said. “It’s gotten pretty competitive.”
Drees Custom Homes has houses for sale in more than 30 communities in the area, said Jamie Ovalle, director of marketing. Out of those, there are about five that have homes priced in the $150,000 range. Most of the new building is in the higher-end, Ovalle said, and the majority of the company’s sales are near Drees’ midpoint range of about $280,000.
Drees homes are selling well in areas like McKinney, Fate and Allen, Ovalle said, without disclosing sales figures. “It’s what’s hot at the moment,” she said.
The top market areas, according to Residential Strategies, include Prosper,Southlake, Frisco, Allen, Castle Hills, Keller, Colleyville, Plano and Lucas. In many of those areas, homes priced at $300,000 and up are driving the housing market.CONTACT TIFFANY SHARKEY AND TONYA PEEK FOR MORE INFORMATION ON PROSPER AVAILABLE HOMES 972-977-2254.
MOST ACCOUNTS agree that Prosper began in 1846 as a beacon for settlers drawn to North Texas’ black prairie soil - rich, fertile land that nurtured a thriving cotton crop. By 1850, two settlements had been established here a mere three miles apart. Called Rock Hill and Richland, they coexisted until 1902 when the St. Louis and San Francisco Railroad came through the area and forced them to merge. A new name was adopted for the hybrid community - one that spoke of the prosperous living conditions and the prosperous crops harvested that year. And so it was that the town of Prosper was born. In 1914, with 500 residents living here, Prosper was incorporated with a commission form of government. It served for decades as a market center for area farmers and their abundant cotton and corn crops.
To this day, Prosper has managed to retain its 19th century country charm, carefully controlling its growth to that end. Unlike the bustling cities of Dallas, Plano and Frisco that lie just a few miles south, Prosper is characterized by estate-size home sites, pristine rolling hills and vast expanses of open land. Here, you’ll discover an alluring lifestyle in beautiful homes that populate quiet neighborhoods.
PLANNED GROWTH
If ever there was a Cinderella story about a sleepy country hamlet blossoming into a world-class, cutting-edge community, Prosper is it. From its humble 19th century roots, the town is in the midst of double-digit growth. Nearly a dozen master planned residential developments have broken ground in the past two years, with new home prices averaging $360,000. There are currently 135,000 people living within a 7-mile radius of Prosper. The vast majority of those gravitating here are young professionals with household incomes averaging $130,000.
To accommodate this population boom, numerous roads are being widened and others are being constructed. The Dallas North Tollway, working its way ever north from Dallas, is undergoing a planned 17.5-mile extension, running north from Hwy 380 in Prosper to FM 121 in Grayson County. Naturally, this phenomenal progress will also mean an expanding business base, an explosive growth in retail space and the construction of new schools. It all adds up to an extraordinary quality of life in one of the fastest-growing cities in North Texas. CONTACT TIFFANY SHARKEY LOCAL PROSPER RESIDENT/REALTOR WHO CAN ANSWER ALL YOUR PROSPER TEXAS REAL ESTATE NEEDS 972-977-2254.
MOST PEOPLE long for a residential setting far removed from the town and their frenzied work environment. They want to go home to a place where they can kick back, relax, enjoy the fresh air and take in the sounds of nature, not the din of traffic rumbling in the distance. That place is Prosper. While the town is quickly evolving from its rural roots, its small town sensibility has not been lost. It pervades every neighborhood - from the historic residential areas that have existed for decades to the fabulous new developments boasting homes in excess of $1 million.
Shopping, dining, entertainment and business centers are within easy reach, giving you the best of both worlds- life in a quiet country setting with all the conveniences and excitement of the big city.
Quick accessibility to all parts of the Metroplex via Dallas North Tollway and Hwy 380, Preston Road and Central Expressway.
Spacious ¼ acre to one acre-homesites as well as acreage properties
The outstanding Prosper ISD with explemary ratings and brand new, state of the art facilities
3A State Champion Football team
Neighborhood services and restaurants
Unmatched community spirit.
Unlimited shopping within 10 to 20 miles at Stonebriar Center,in Frisco, Plano’s Park & Preston, Legacy Town Center and Shops of Willowbend and The Dallas Galleria.
A town with big plans, but the determination to maintain its quality of life.
Why Prosper? Perhaps that’s best answered with a visit. Then the only question would be: “Where else but Prosper?”CONTACT TIFFANY SHARKEY A PROSPER RESIDENT/REALTOR FOR ALL YOUR PROSPER REAL ESTATE NEEDS 972-977-2254.
JUST 5 MINUTES north of the bustling Dallas North Tollway cities of Frisco and Plano lies the Town of Prosper, Texas. Its peaceful setting beckons families to move north to experience its wide open spaces, small town charm, city convenience and close knit community. Bursting with pride for its first rate education and state championship sports teams, Prosper offers a quality of life most families in North Texas don’t even know exists. From picturesque ranches to beautiful master-planned communities with amenities like golf courses, hike and bike trails, fishing ponds and swimming pools, riding trails and equestrian centers, Prosper has something for everyone. Uniquely positioned at the crossroads of Preston Road and US Highway 380, the Town of Prosper lies ready for you to discover it’s small-town quality of life while serving your family with the finest in education, amenities and immediate access to all the Metroplex has to offer. Just follow the Dallas North Tollway to US 380 and discover how life was meant to be enjoyed. Welcome Home.CONTACT TIFFANY SHARKEY OR TONYA PEEK FOR ALL YOUR PROSPER TEXAS REAL ESTATE NEEDS 972-977-2254.
The ninth hole at Gentle Creek in Prosper was voted one of the best par threes in the state by Texas Golf voters.
Description
Prosper sits near the Denton-Collin county line, directly in the path of the northward extension of the Dallas North Tollway. As commuters begin using the new portion of the Tollway between U.S. Highway 380 and State Highway 121, they are bringing a wave of construction projects to the small town of about 7,000. Shopping centers, office complexes and new home developments are planned for the once-sleepy town. Population is expected to reach 80,000 at build-out. The Prosper school district now has three elementary schools, one middle school and one high school.
History
According to the city's Web site, the first settlers arrived in the area in 1846. Between 1850 and 1902, two settlements existed: Rock Hill, two miles south of the present town, and Richland, one mile north. The establishment of the St. Louis & San Francisco Railroad in March of 1902 led the two communities to merge, forming the town of Prosper.
Demographics
• Population: 7,000 (estimated as of 1/1/08 per city of Prosper) • Average age: 31.4 (2007 per city of Prosper) • Average household income: $102,778 (2007 per city of Prosper) • Crime stats: (For 2007, according to the Texas Department of Public Safety) no murders, no rapes, no robberies, no aggravated assaults, 22 burglaries, 111 thefts and 2 vehicle thefts. • School information: www.prosper-isd.net
Big new high school in Prosper builds small-town pride
Coleman Street heads north out of tiny Prosper past porches and hayfields until it passes a column-studded brick edifice that seems to span the horizon.
Welcome to the modern American high school, Texas style. Prosper High School is a $113.5 million, 590,000-square-foot behemoth, complete with a medical tech lab, a restaurant-worthy kitchen, a greenhouse, a broadcast studio and, of course, an indoor football practice facility. All this in a still-sleepy town of just 7,000 people.
The school opened last week at half its capacity, but district officials say it will soon fill up as families push north from crowded suburbs like Frisco and McKinney.
So like some of the area's new schools, it's a symbol of growth's march, but also a community's search for identity and even Texas pride.
"This is more than bricks and mortar," said Drew Watkins, Prosper ISD's superintendent. "This is a community facility. This is what the community wanted. And when they say best, they mean best, not just pretty good."
This school doesn't have a gym. It has three. One is an arena. The auditorium seats nearly 1,000 people and will be the town's only theater.
Every classroom has four computers and an interactive white board that teachers use to project and manipulate images from their computers. Flat-screen televisions flash announcements throughout the day.
And while some districts create separate centers for career-focused programs, Prosper has fit them all in one building. And it has added a garage for auto mechanics in its wing dedicated to career and technical education.
The building already adorned with "State Champions," thanks to the football team, houses the indoor multipurpose field and a weight room that rivals private gyms.
The lecture hall and airy hallways give the school a collegiate feel, which Watkins said is intentional.
"Most of our parents are college educated and want their kids to have that experience," he said. "We want them to have a competitive edge, to think beyond Collin County – nationally and internationally."
There is a competitive edge as well for big, new schools when it comes to attracting good teachers.
Watkins said, "Teachers want to teach in a place like this."
CONTACT TIFFANY SHARKEY AND TONYA PEEK FOR MORE INFORMATION ON PROSPER ISD AND HOMES AVAILABLE IN THE PROSPER ISD 214-356-4472.
Located mainly in Collin County, with a small portion spilling over into neighboring Denton County, Prosper is a community brimming with potential. Right in the heart of one of the fastest growing regions in Texas and the rest of the country as a whole, this small town is welcoming new residents and businesses practically every day, and Prosper, Texas homes and land are becoming increasingly sought-after among homebuyers of all kinds.
Conveniently connected to the rest of the Metroplex through the North Tollway, Preston Road and Highway 380, Prosper’s location has inspired its business leaders to coin the catchy “All roads lead to Prosper” marketing slogan. The town started life as a farming community in the mid-1800s and eventually became a railroad stop before it incorporated in 1914. Today, agriculture is still a vital part of Prosper’s economy, which is becoming more and more diversified every year.
The town’s mix of rural and suburban makes it appealing to buyers looking for the wide, open spaces of the country, but who don’t want to do without the fun and excitement of the city. Prosper, Texas homes and land come in a variety of shapes and sizes, so you’re certain to find a home or neighborhood that will meet the needs of your lifestyle.
Providing full service to its residents, Prosper also has a variety of parks, hiking and biking trails, sports facilities, and places of worship. Children here are served by the top-performing Prosper Independent School District.CONTACT TIFFANY SHARKEY OR TONYA PEEK FOR ALL YOUR PROSPER TEXAS REAL ESTATE NEEDS 214-356-4472.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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