December 2016 Housing Report for Flower Mound

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

Flower Mound Housing Report

(All percentages compared to December 2015)

 

 

    Median home price $364,000  - Up 1.1%

 

Down Stairs   Number of Active Listings (185 in Dec 2016) - Down 4.6%

 

 Calendar  Days on Market (7 days more than Dec 2015) - 51

 

Single FH   Singe Family Homes Sold (104 in Dec 2016) - Down 4.6%

 

Inv  Months of Inventory (compared to 1.8 in Dec 2015) - 1.7

 

Research Data Analysis from the MLS Association of REALTORS®

 

BUSY BEES ARE SWARMING ALL OVER FLOWER MOUND

 

Current Active Listings in Flower Mound, TX are 177. For the Month of December a total of 24 properties were added to the inventory listings.  The median list price is $549,047.00, average list price is $785,732.00, and the maximum list price is $10,950,000.00. 

 

New Construction continues to rise at a booming rate throughout Flower Mound. The focus is on the opening of the very first hotel and groundbreaking for the new Town Hall in Flower Mound. The Courtyard by Mariott is the big news at River Walk at Central. The new hotel is expected to open in April 2017. They will have 146 rooms and 6,000 square feet of desperately needed meeting space. Providing local accommodations in walking distance for both hospital patient family members staying at Texas Presbyterian Hospital, and guests of Flower Mound residents will be a blessing to all. The promise to fulfill the people's dream is about to come true. Also, construction for the River Walk Wedding Chapel and the 2,800 seat amphitheater will begin early this year. Groundbreaking for the Town Hall begins in May and the expected wait time for completion is 14 months.

 

Other exciting business news includes includes Crossfire Defense Academy & Range, an upscale gun range, a mixed-use senior residential neighborhood, an upscale grocery mart, plus several new restaurants. St. Philips Catholic Church is getting closer to breaking ground for their new parish church on the corner of Shiloh and Cross Timbers Road and the Tree Farm in the SW part of town hopes to be completed in 2017. 

 

"Life is full of beauty. Notice it. Notice the bumble bee, the small child, and the smiling faces. Smell the rain, and feel the wind. Live your life to the fullest potential, and fight for your dreams."  --- Ashley Smith

 

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DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-449-9858

                                                        TEXT: 469-951-4758

 

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Tags:
river walk
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2016 housing report
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mixeduse senior residential
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Rainmaker
1,414,521
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

Patricia Feager A wonderful and detailed report on your market makes me thankful that I am in Florida. Very light inventory for you right now.

Jan 14, 2017 04:20 AM #1
Rainmaker
2,831,626
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Good morning, Patricia -- this is a very interesting report and it certainly appears there is quite a bit of building taking place in Flower Mound.  It looks like a very dynamic market.   

Jan 14, 2017 06:33 AM #2
Ambassador
1,533,366
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

I like your easy to digest information regarding the Flower Mound market comparison of 2016 sales to 2015 sales. And, it does indeed sound as if there are busy bees buzzing with new activity.

Jan 14, 2017 11:09 AM #3
Rainmaker
1,675,421
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debb Janes EcoBroker and Bernie Stea JD - It's always such a joy to hear from my favorite Realtor from beautiful Camas, WA! I understand you're a busy bee yourself. I need you to know that your comments and presence on ActiveRain and leaving your footprints here on my blog are most welcoming! It's a thrill for me to receive your positive comments too.

Jan 14, 2017 11:14 AM #4
Ambassador
3,431,036
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia the numbers could be better, but it looks like you guys are still in a solid Sellers Market.

Jan 14, 2017 01:37 PM #5
Ambassador
1,739,739
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Patricia excellent job of reporting on the market stats of Flower Mound Texas. Have a great Saturday!

Jan 14, 2017 04:47 PM #6
Rainmaker
2,112,545
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valuable information for buyers and sellers in your Flower Mound real estate market, Patricia!

Jan 14, 2017 05:36 PM #7
Rainmaker
4,508,083
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market report.

I like your quote selection.

Jan 15, 2017 05:40 AM #8
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Rainmaker
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Patricia Feager

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