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
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
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
62 residential properties are under contract or pending
Sold: 199 within the last 90 days
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.