Towne Lake, Addison - 2014 Real Estate Year in Review

By
Real Estate Agent with United Real Estate TX #0552717
https://activerain.com/droplet/4xdL

Towne Lake Real Estate

 

2014 Year In Review

 

 

 

The residential real estate market in Addison is booming! Here's what happened in 2014 in Towne Lake.

Towne Lake, a subdivision of 63 townhomes in Addison, is off Beltway Road, one block south of Beltline and west of Midway Road. Built in 1997-98, the complex has an outdoor pool and clubhouse. Towne Lake is comprised of two and three story townhomes on two streets: Towne Lake and Towne Green. The homes are platted in a figure-eight design, with those on Towne Lake surrounding a small man-made lake.  The area between the two circles is where the pool and clubhouse are located.

 

 

 

Seven* homes in Towne Lake sold in 2014.

 

Address

Bed/Bath

List Price

Sold $/SqFt

DOM**

Sold

4152 Towne Green

3/2 ½

$315,000

$156.53

17

6/12/14

4150 Towne Green

3/3

$324,000

$152.97

46

8/29/14

14861 Towne Lake

4/3

$344,900

$167.49

100

8/29/14

4145 Towne Green

3/2 ½

$359,000

$152.04

62

9/22/14

4148 Towne Green***

3/2

$269,900

$162.69

14

10/21/14

14883 Towne Lake

4/2 ½

$360,000

$141.70

111

11/21/14

14879 Towne Lake

3/2 ½

$375,000

$145.85

242

11/24/14

Averages:

$335,400

$154.18

85

 

 

*      Homes that were sold privately, outside of the MLS, are not included.  

 

**    DOM = number of days on the market.

 

***  2-story townhouse. Towne Lake Townhomes

 

 

 

The average sold price of the 3-story homes was $339,667. Smaller homes typically sell for a higher price per square foot when compared to larger homes, although condition and updating are also contributing factors.

 

 

 

In addition to my clients in other cities, in 2014 I helped eight families buy or sell in Addison. If you are considering a move, this is a GREAT time to sell because the number of homes for sale is very limited. With inventory so low, a properly priced and marketed home might bring more than one offer. Please call me for a no-obligation consultation. If you have friends or family who would like to move to Addison, I can help them, too. I often know of properties that are not yet on the market.

 

 

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
Real Service. Real Results. Real Estate.
United Real Estate
972-416-3417

http://www.AddisonUpdate.com                                                                                                                         

2011 Recipient of Addison Magazine's Readers Choice
Award for Best Residential Real Estate Agent.     

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Rainmaker
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David Saks
(retired) - Memphis, TN

Very nice post with fine information. Have a terrific day ahead.

Jan 18, 2015 06:22 PM #1
Rainmaker
1,267,512
Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Hey Lorrie:

Nice post and good info on the addison area. Have a wonderful week. 

Jan 19, 2015 11:20 AM #2
Rainmaker
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Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Towne Lake has always been one of my favorite subdivisions!

Jan 19, 2015 01:37 PM #3
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Rainmaker
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

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