Towne Lake, Addison - 2015 Real Estate Year in Review

By
Real Estate Agent with United Real Estate TX #0552717

 

Towne Lake Real Estate

 

2015 Year In Review

 

The residential real estate market in Addison is booming! Here's what happened in 2015 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 2015.

 

Address

Bed/Bath

List Price

Sold $/SqFt

DOM**

Sold

4131 Towne Green

3/2 ½

$325,000

$162.11

16

12/18/15

4142 Towne Green

3/2 ½

$334,500

$162.99

11

7/9/15

4159 Towne Green

3/2 ½

$334,900

$164.13

49

8/14/15

14881 Towne Lake

4/2 ½

$359,800

$140.89

63

12/10/15

4163 Towne Green

3/2 ½

$390,000

$153.85

22

12/11/15

14899 Towne Lake

3/2 ½

$389,000

$156.68

28

4/25/15

4137 Towne Green

3/2 ½

$440,000

               $174.09

31

12/29/15

Averages:

 

$367,600

$159.25

 31

*      Homes that were sold privately, outside of the MLS, are not included.  Towne Lake Townhomes in Addison

**    DOM = number of days on the market.

***  All homes sold were 3-story townhouses; there were no 2-story townhomes that sold in 2015.

The average sold price of the 3-story homes was $358,679. 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 six 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.

To see what is currently for sale in Towne Lake, click here.

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

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