How is the Market in Flower Mound this Spring?

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

Despite the weather, it's a great time to buy and sell. There are two zip codes in Flower Mound. Comps are from 0 - 90 days.

 

Zip Code 75028 (as of 5/15/19)

There are 103 active listing

Minimum List Price: $260,000.00
Maximum List Price: $1,200,000.00
Average List Price: $481,010.00
Median: $416,000

 

The lowest price home was built in 1970 which is not your typical home for sale. This is the only home listed this low. All other active listings were built between 2001 - 2019. The home selling for $1,200,00 is priced at $206.90 per square feet and has 1.003 acres. 


The number of homes under contract, including pending sales, are 121 (as of today).

A quick CMA shows the following:

Minimum List Price under contract (1 built in 1982): $198,000.00
Maximum List Price under contract: $1,125,000.00
Average List Price: $419,418.00
Median: $375,000.00

 

Within the last 90 days, 208 homes sold in Zip Code 75028 
Minimum Sold Price (built in 1975): $151,255.00
Maximum Sold - $960,000l.00
Median: Sold - $382,750.00

13 Luxury Homes Sold with square feet ranging from 4,043 sq/ft to 5,600 sq/ft.

Minimum Sold Price: $614,000.00
Maximum Sold Price: $960,000.00
Average Sold Price: $734,838.00

 

Zip Code 75022

There are 105 Active Listings as of 5/15/19
Minimum built in 1975: $217,000.00
Maximum $12,000,000.00
Average: $1,290,313

62 residential properties are under contract or pending
Minimum: $544,900.00
Maximum: $1,685,498.00
Average: $587,579.00

Sold: 199 within the last 90 days
Minimum: $233,500
Maximum: $2,200,000.00
Average: $580,089.00
12 Residential Properties were over $1M and under $2M
1 Residential Property sold for $2,295,000.00

 

This area is still in a Seller's Market. The market is healthy and most properties are going under contract quickly selling in 30 days or less. The majority of homes priced under $300,000.00 sell with Cash buyers. Investors continue to buy and flip yielding high rent. Interest rates are still reasonable and housing is affordable for different price ranges and square footage. A vast number of homes have pools in both Zip Code 75028 and 75029.

 

 

 

 

 

 

Posted by

Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

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

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

Certified Residential Specialist
Certified Pricing Strategies; Mastering the CMA
Certified Military Relocation Specialist
Certified Negotiation Expert
C
ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Texas
Groups:
Active Rain Newbies
Localism Brainstorming
Local Expert
Tags:
contract
sold
active
flower mound
patricia
feager

Spam prevention
Show All Comments
Rainmaker
4,868,361
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Patricia Feager, MBA, CRS, GRI,MRP your market reads like a healthy market with data that shows a wide range of prices ....there's something for everyone....and the ideal agent to call for guidance with finding that special home would be Patricia Feager.... she's well-versed Flower Mound, Texas stats and general information that you'll need to know.

May 16, 2019 03:53 AM #1
Rainmaker
1,403,339
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

You know what's going on in the Flower Mound area and anyone wanting to buy or sell a home should call you!

Based on the information above, that market does sound healthy!

May 16, 2019 04:07 AM #2
Rainmaker
2,972,861
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Patricia... when homes sell in under 30 days on average, it says there's a shortgage of inventory and that it's a great time for those thinking of selling to call you to list their homes for sale.

May 16, 2019 04:10 AM #3
Rainmaker
1,153,724
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Patricia Feager, MBA, CRS, GRI,MRP - Flower Mound offers a variety of home prices which can fit most buyers.  If buyers are looking for the best agent to get them their dream home, they need look no further than you!

May 16, 2019 06:41 AM #4
Ambassador
3,913,928
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Patricia:

This is certainly a well done and useful summary of the Flower Mound housing market. Looks like quite a bit of diversity in pricing and some good opportunities despite the seller's market. Armed with this information buyers should be in touch with you for expert guidance with their purchases!

Jeff

May 17, 2019 04:48 PM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,960,205

Patricia Feager, MBA, CRS, GRI,MRP

Selling Homes Changing Lives
Thinking about Moving to North Dallas?
*
*
*
*
Spam prevention

Additional Information