If you live in Lewisville and you are looking to buy or sell a property here this will give you insight into what's happening in the area.
In Last 30 Days:
126 homes sold
$247,950 Median Sales Price
$135,000 Minum Sale Price
$825,000 Maximum Sale Price
26 Days on market average sales time
There are quite a few new home communities in Lewisville ranging from Townhomes to Luxury Single Family Devlopment. Price of new homes range from $248,000 to over $500,000.
Listing in Lewisville have been on the decline as the market has experienced a 19% drop of new listings hitting the market.
I anticipate that as summer approaches the people that are holding out for the end of the school year will start putting their homes on the market and people that have a few projects to complete to make their homes market ready will start looking at selling.
If you are in the market for a new home this is a good time to get started. There are a few developments that have unsold lots and you can start accumilating equity if you buy into the new development in the early stages. Buying at late stages in a development results in paying the most for you homes and receiving the least amount of market appreciation.
Purchasing a pre-existing home? A new trend is happening where sellers are asking buyers to waive apprasial contengiencies. This could have implications for the amount of money you will need to bring to the closing table.
When you are looking for property in Lewisville find an expert that understand what's going on in the area. If you have questions about the area feel free to call me.
The Michael Group