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Coppell Texas Homes for Sale/Coppell Real Estate Market update

By
Real Estate Agent with RE/MAX DFW Associates

Coppell, Texas currently has 189 homes currently available for sale the week of March 28, 2011. There are 171 Single Family homes, 3 duplex’s, 4 condominiums, and 11 town homes. There are 51 properties that are currently under contract awaiting final closing.

SINGLE FAMILY HOMES: On the single family home front, there are currently 171 single family homes for sale. These homes run the gamut from small homes (1236 square feet) to large estate properties (7,563 square feet). They have anywhere from 3 to six bedrooms and have lot sizes ranging from 0-lot lines to over 5 acre estates. There is truly something for everyone that is looking for a home in Coppell. Coppell has great “starter home” neighborhoods as well as executive level homes and estates on water front, creek, traditional, and multi-acre lots. A majority of the homes for sale in Coppell are within the Coppell School district boundaries, there are a few pockets or homes in Coppell that are in either the Carrollton-Farmers Branch School district or the Lewisville School District. Make sure that if you have a specific desire for a particular school district that your Realtor knows the boundary lines for each of the districts. Just because you pick a home in the City of Coppell, does not mean your children will be going to the Coppell School District. The average days on market for the current inventory of single family homes is right at 98 days at this time. Price ranges in Coppell for single family homes (current inventory) runs from $132,000 (single story 1236 square feet home) to $2,425,000 (a 7,563 square foot five bedroom estate on 5.5 acres). There are currently 49 homes under contract in Coppell right now awaiting closing. The homes under contract averaged 94 days (all pending contract statuses) on the market before they were sold. The average price per foot for single family homes sold in Coppell is $115.00 a square foot. These homes that were put under contract range in list prices from $133,000 to $750,000.

 Condominiums: There are only 4 condo’s for sale within the only 2 condo complex’s within the City of Coppell. These condo’s offer one and two bedroom plans with no garages. These units are in the Meadowridge or the Wyndance complex. The four units that are listed for sale now range in price from $69,900 to $106,000 and they are in Coppell I.S.D. The average number of days on market for active condo listings is 65 days. There is no condo’s currently under contract right now. These condo’s offer a great opportunity to own your home in Coppell for as little as $69,900.

Duplex’s: There are not many duplex’s in Coppell on the market at this time in Coppell. There are three on the market in the Sherwood Park neighborhood located just off Parkway drive. All three units are two bedroom properties with one-car garages. They range in price from $127,000 upwards to $ 139,900 and range in size from 1,230 to 1,359 square feet. These were built in the mid 1980’s. The average days on market for these three duplex’s is currently 140 days and the average asking price per foot is $107.18 a foot. This duplex development is located within the boundaries of the Coppell I.S.D. and offer buyers a great opportunity to live in Coppell for under $150,000.

 Town Homes: Coppell has a few options available for buyers looking for Town homes within the city. Right now, there are 11town homes for sale in the city. They range in price from $165,000 to $ $379,900 and range in size from 1,428 to 2,782 square feet and come in three or four bedroom floor plans with two car garages. The average days on market for town homes in Coppell right now is 133 days. These were built between the years of 2005 and 2011 and offer some of the latest amenities and are located in various areas of the city. There are two townhomes under contract in Coppell right now. They averaged 125 days on market before going under contract. If you are looking for a low maintenance life style in the City of Coppell, there are some great town home options currenly on the market in Coppell right now.

Coppell, Texas has a lot of wonderful places to live in all price ranges. Coupled with a great location and an exemplary school district, you will not find many places in the DFW area that will offer this great combination.