Blue Ridge, TX Real Estate: 2010 Analysis of the Single-Family Residential Housing Market
The 2010 real estate market in Blue Ridge, TX saw shifts, reflecting broader economic challenges and an emphasis on affordability. With 18 homes sold, the market demonstrated a slight increase in activity but also revealed signs of cautious buyer behavior. The dynamics of pricing, property features, and market trends underscored a significant realignment toward value-focused transactions.
Key Takeaways and Trends from Blue Ridge’s 2010 Real Estate Market
Pricing Range: The dramatic reduction in both average and median prices reflects a strong pivot toward affordability. While the maximum price also declined, ultra-affordable listings under $10,000 gained prominence.
Market Efficiency: The sharp rise in average DOM and lower close-to-list price ratios signal a slower market, though a few highly desirable properties saw rapid turnover.
Unique Outliers: The appearance of both highly inexpensive properties and a handful of ultra-large homes (up to 4,179 sq. ft.) showcased market diversity. However, the reduction in average property size and lot area emphasized streamlined options for affordability.
Total Homes Closed
The market recorded 18 closed transactions for residential single-family homes, up just one sale from 2009. This modest growth highlights consistency in market activity despite new economic pressures.
Property Pricing Insights
The 2010 pricing landscape evolved to favor affordability:
- Minimum Price: $5,100 (a dramatic drop from $52,000 in 2009, signaling highly affordable options).
- Maximum Price: $322,000 (down from $380,000, indicating reduced demand in the high-end segment).
- Average Price: $94,495 (a steep decline from $160,508, reflecting softer market conditions).
- Median Price: $72,500 (down from $152,000, emphasizing a significant affordability focus).
The reduction in average and median prices highlights a buyer-driven market with competitive pricing.
Property Size and Features
The range of property sizes and features catered to various buyer demands but leaned toward more modest offerings:
- Bedrooms: Spanned from 1 to 4, averaging 3 bedrooms.
- Bathrooms: Expanded significantly, offering 1 to 5 options, averaging 2 bathrooms.
- Square Footage:
- Minimum Size: 744 sq. ft. (a sharp decline from 1,184 sq. ft. in 2009, inviting ultra-affordable buyers).
- Maximum Size: 4,179 sq. ft. (an increase from the prior year, with ultra-large homes still in demand).
- Average Size: 1,610 sq. ft. (down from 1,973 sq. ft., reflecting a preference for smaller residences).
- Median Size: 1,420 sq. ft. (compared to 2,018 sq. ft. in 2009, a reduction in typical home size).
The data suggests a shift toward more affordable, smaller homes appealing to a broader market.
Market Dynamics
The real estate market in 2010 displayed significant changes in efficiency and seller performance:
- Days on Market (DOM):
- Minimum DOM: 6 days (an improvement from 49 days in 2009, showcasing quick sales for desirable properties).
- Maximum DOM: 495 days (up from 146 days, with some listings stagnating for extended periods).
- Average DOM: 135 days (a notable rise from 53 days, indicating slower overall activity).
- ClsPr/LstPr Ratio: Averaged 90.49%, a decrease from 95.69%, showcasing greater negotiation leverage for buyers.
- ClsPr/OLP Ratio: Averaged 84.59%, a decline from 93.42%, with sellers making deeper price reductions.
- Price Per Square Foot (Pr$/SqFt): Averaged $54.58, a decline from $76.34, reinforcing reduced property values.
The longer sales cycle and greater price concessions indicate a market accommodating cautious buyers.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2010
The most expensive property sold in 2010 demonstrated high-end appeal with modern features. Selling for $322,000, this home offered 2,137 sq. ft. of living space on a 7.776-acre lot:
- Price Per SqFt: $150.68
- Bedrooms: 3
- Bathrooms: 3 (2 full, 1 half)
- ClsPr/LstPr Ratio: 98.17%
- ClsPr/OLP Ratio: 98.17%
- Days on Market (DOM): 90
- Year Built: 1998
This property highlighted resilience in the premium market, appealing to buyers seeking luxury features and ample land.
Economic context
Broader economic changes had mixed effects:
Average Electricity Costs in Dallas-Fort Worth in 2010
The average electricity price in 2010 dropped to $0.12 per kilowatt hour, making homeownership more affordable. This reduction supported households balancing utility costs with other economic pressures.
Texas Average Gas Prices in 2010
Gas prices rose slightly to $2.64 per gallon, but remained far below earlier peaks. While this increased commuting costs, suburban living options still appealed to cost-conscious buyers.
Average 30-Year Fixed Mortgage Rate in 2010
The 30-year fixed mortgage rate fell to 4.86%, offering significant savings on home loans. Buyers were able to secure lower payments, often making larger homes or premium options more accessible.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2009 and 2010 Real Estate Data for Blue Ridge, TX
A comparison of the 2010 and 2009 real estate markets for Blue Ridge, TX reveals significant shifts and adjustments across various metrics:
Property Pricing Insights
- Minimum Current Price: Dropped steeply from $52,000 in 2009 to just $5,100 in 2010, showcasing an increase in ultra-affordable listings.
- Maximum Current Price: Decreased from $380,000 in 2009 to $322,000 in 2010, indicating cooling in the luxury market.
- Average Price: Declined significantly from $160,508 to $94,495, pointing to a buyer-friendly market.
- Median Price: Fell from $152,000 to $72,500, highlighting a shift toward affordability at the market’s midpoint.
Property Features
- Bedrooms: Minimum dropped from 2 in 2009 to 1 in 2010, creating more budget-friendly entry points.
- Bathrooms: Expanded potential, with a range of 1 to 5 bathrooms in 2010 compared to 2 to 4 in 2009, meeting diverse buyer needs.
- Square Footage:
- Minimum Size: Fell from 1,184 sq. ft. in 2009 to 744 sq. ft. in 2010, reflecting smaller, less costly homes entering the market.
- Maximum Size: Increased from 3,400 sq. ft. to 4,179 sq. ft., introducing larger homes for select buyers.
- Average Size: Decreased from 1,973 sq. ft. to 1,610 sq. ft., reflecting a focus on modest home sizes.
- Median Size: Declined from 2,018 sq. ft. to 1,420 sq. ft., signaling an overall reduction in standard home size.
Lot Size Area
- Minimum Lot Size: Increased from 0.051 acres in 2009 to 0.180 acres in 2010, reflecting slight growth in minimum outdoor space.
- Maximum Lot Size: Dropped sharply from 41.000 acres to 7.776 acres, significantly reducing large-lot options.
- Average Lot Size: Fell from 6.567 acres to 1.961 acres, reflecting a scaling down of typical lots offered.
Market Dynamics
- Days on Market (DOM):
- Minimum DOM: Improved from 49 days in 2009 to only 6 days in 2010, showing faster turnover for the quickest sales.
- Maximum DOM: Increased significantly from 146 days to 495 days, indicating longer stagnation for slower-moving listings.
- Average DOM: Rose sharply from 53 days to 135 days, reflecting cautious buyer activity and extended negotiation periods.
- ClsPr/LstPr (Close Price to List Price Ratio): Decreased from 95.69% to 90.49%, indicating greater concessions by sellers.
- ClsPr/OLP (Close Price to Original Listing Price Ratio): Declined from 93.42% to 84.59%, showcasing more substantial price cuts to close deals.
- Price Per Square Foot (Pr$/SqFt): Fell from $76.34 to $54.58, reinforcing lower property valuations per unit area.
Year Built
- Newest Property: Shifted from 2009 in 2009 to 2005 in 2010, indicating fewer brand-new constructions entering the market.
- Oldest Property: Dropped back to 1953 in 2010 from 1975 in 2009, introducing older housing inventory.
- Average Year Built: Declined from 1997 to 1988, emphasizing sales of older properties.
- Median Year Built: Held steady, with a slight decrease from 2000 in 2009 to 1987 in 2010, highlighting the prominence of mid-aged homes.
Key Trends
- Affordability Focus: The steep drop in average and median prices, along with lower price per square foot, signaled a pivot toward an accessible housing market.
- Market Softening: The dramatic rise in average DOM and diminished close-to-list price ratios indicate a slowing market with cautious demand.
- Smaller Homes with Smaller Lots: Reduced square footage and acreage suggest streamlined housing options, focusing on essential needs and affordability.
- Older Inventory: The inclusion of older homes reflects a shifting inventory composition catering to more value-focused buyers.
The 2010 market emphasized affordability and reshaped dynamics, balancing ultra-competitive low-end options with a pullback in luxury offerings and a slower overall pace amidst recovering buyer confidence.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2010
The 2010 real estate market in Blue Ridge, TX emphasized affordability, negotiation, and adaptation. Home-Buyers benefited from significantly reduced prices and historically low mortgage rates, fostering opportunities for first-time homeowners and investors. Home-Sellers, however, faced challenges with slower sales cycles and greater price reductions being key to closing deals.
The market showcased polarization, with ultra-affordable properties gaining traction while luxury options experienced tempered demand. Meanwhile, smaller homes and older inventory dominated the landscape, catering to value-conscious buyers seeking practicality. Overall, the year marked a re-calibration in Blue Ridge’s market dynamics, offering opportunities for those willing to align with shifting economic realities.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2009 Analysis of the Single-Family Residential Housing Market
The 2009 real estate market in Blue Ridge, TX demonstrated a year of recovery and growth, as housing dynamics shifted toward stability. With 17 homes sold, this marked an increase in transaction volume compared to 2008, indicating renewed buyer activity. Pricing trends, property features, and improved market efficiency are key highlights of the year’s performance.
Key Takeaways and Trends from Blue Ridge’s 2009 Real Estate Market
Pricing Range: The 2009 market saw an increase in minimum pricing ($52,000 from $20,000), while maximum pricing settled to $380,000. Rising averages and medians emphasize greater demand and overall market strength.
Market Efficiency: With average DOM reduced to 53 days and higher close-to-list ratios, the market demonstrated efficiency and renewed competitiveness, favoring sellers.
Unique Outliers: Despite fewer ultra-large homes, properties up to 41 acres and nearly 3,400 sq. ft. remained attractive to occasional niche buyers, ensuring diverse options for varying preferences.
Total Homes Closed
The market closed 17 residential single-family home transactions in 2009, up from 15 in 2008. This reflects growing buyer interest spurred by competitive pricing, quicker turnover, and enhanced market conditions.
Property Pricing Insights
2009 showcased steady growth in pricing across all metrics compared to the prior year:
- Minimum Price: $52,000 (up from $20,000 in 2008, showcasing fewer budget-friendly options).
- Maximum Price: $380,000 (down slightly from $410,000, reflecting stabilizing high-end demand).
- Average Price: $160,508 (a robust increase from $124,527, signaling greater market confidence).
- Median Price: $152,000 (a significant rise from $92,850, suggesting stronger mid-market activity).
The upward trend in average and median prices indicates growing property values and a competitive market environment.
Property Size and Features
Homes closed in 2009 catered to diverse buyer needs, with notable increases in property size:
Bedrooms: Properties offered 2 to 4 bedrooms, with an average of 3 bedrooms, consistent across years.
Bathrooms: Ranged from 2 to 4, with an average of 2 bathrooms, providing functionality for families.
Square Footage:
Minimum Size: 1,184 sq. ft. (up from 1,052 sq. ft., favoring slightly larger starter homes).
Maximum Size: 3,400 sq. ft. (a slight reduction from 3,500 sq. ft., signaling fewer ultra-large homes).
Average Size: 1,973 sq. ft. (up from 1,682 sq. ft., showcasing higher demand for spacious living).
Median Size: 2,018 sq. ft. (an increase from 1,426 sq. ft., highlighting a preference for larger family homes).
The emphasis on larger properties reflects buyers’ needs for both comfort and long-term value.
Market Dynamics
Market performance improved significantly, with quicker sales and firmer pricing:
Days on Market (DOM):
Range: 49 to 146 days (down from 2 to 271 days, with tighter turnaround for listings).
Average DOM: 53 days (a sharp drop from 91 days in 2008, showcasing faster transactions).
ClsPr/LstPr Ratio: Averaged 95.69%, up from 91.38%, indicating closer alignment with listing prices.
ClsPr/OLP Ratio: Averaged 93.42%, an increase from 85.09%, reflecting fewer price reductions needed to sell.
Price Per Square Foot (Pr$/SqFt): Averaged $76.34, an increase from $63.73, indicating improved value per unit area.
The shorter sales cycle and enhanced closing ratios highlighted a seller-friendly shift in the market.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2009
The highest-priced transaction in 2009 demonstrated premium appeal and exclusivity:
Price: $380,000
Bedrooms: 4
Bathrooms: 4 (3 full, 1 half)
Square Footage: 3,100 sq. ft.
Price Per SqFt: $122.58
Lot Size: 16 acres
Days on Market (DOM): 78 days
ClsPr/LstPr (Close Price to List Price Ratio): 100.00%
ClsPr/OLP (Close Price to Original Listing Price Ratio): 100.00%
Year Built: 1997
This luxurious home offered ample living space and sprawling land, reflecting the resilience of the high-end market segment.
Economic context
The economic environment in Blue Ridge, TX during 2009 exhibited notable shifts that influenced the local real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2009
The average electricity price in 2009 remained steady at $0.13 per kilowatt-hour, providing homeowners with consistent energy costs compared to previous years. This affordability had a positive impact on household budgets, especially for buyers investing in larger properties, where utility usage typically scales with square footage.
Texas Average Gas Prices in 2009
The average gas price in 2009 dropped significantly to $2.21 per gallon, providing much-needed relief for homeowners after higher prices in previous years. This decrease positively impacted commuting costs, especially for families relying on personal vehicles for daily transportation. Lower fuel expenses allowed homeowners to allocate more of their budgets toward property investments or other household needs, while also increasing the appeal of suburban and larger lot homes further from urban centers.
Average 30-Year Fixed Mortgage Rate in 2009
The average 30-year fixed mortgage rate in 2009 fell to 5.38%, significantly enhancing affordability for homebuyers compared to previous years. This decrease allowed buyers to secure lower monthly payments, making larger or more expensive homes within reach for many. The reduced mortgage rate also attracted first-time homebuyers and investors eager to capitalize on favorable lending conditions. For anyone considering homeownership, getting pre-approved for financing was a crucial first step toward taking advantage of this opportunity.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2008 and 2009 Real Estate Data for Blue Ridge, TX
A comparison of the real estate market for Blue Ridge, TX in 2008 and 2009 reveals several noteworthy changes and trends:
Property Pricing Insights
- Minimum Current Price: Increased significantly from $20,000 in 2008 to $52,000 in 2009, suggesting a reduction in the availability of lower-end properties.
- Maximum Current Price: Decreased from $410,000 in 2008 to $380,000 in 2009, indicating a slight cooling in the luxury segment.
- Average Price: Rose substantially from $124,527 to $160,508, reflecting an overall increase in market value.
- Median Price: Increased from $92,850 to $152,000, showcasing stronger mid-level market performance.
Property Features
- Bedrooms and Bathrooms: No significant change, with properties continuing to offer 2 to 4 bedrooms and an average of 2 bathrooms.
- Square Footage:
- Minimum Size: Increased from 1,052 sq. ft. in 2008 to 1,184 sq. ft. in 2009, indicating larger entry-level homes.
- Average Size: Increased considerably from 1,682 sq. ft. to 1,973 sq. ft., pointing to a preference for more spacious homes.
- Median Size: Increased from 1,426 sq. ft. to 2,018 sq. ft., reinforcing a trend toward larger properties.
- Maximum Size: Declined slightly from 3,500 sq. ft. to 3,400 sq. ft., showing fewer ultra-large properties in the market.
Lot Size Area
- Minimum Lot Size: Increased slightly to 0.051 acres from 0.000 in 2008, showing more limited availability of very small lots.
- Maximum Lot Size: Increased significantly from 16.480 acres in 2008 to 41.000 acres in 2009, indicating the presence of larger properties for buyers needing extensive acreage.
- Average Lot Size: Rose from 3.964 acres to 6.567 acres, further suggesting an availability of larger lot homes.
Market Dynamics
- Days on Market (DOM):
- Minimum DOM: Increased from 2 days in 2008 to 49 days in 2009, reflecting slower turnaround for the fastest sales.
- Average DOM: Improved, dropping from 91 days to 53 days, suggesting a quicker overall market.
- Maximum DOM: Decreased sharply from 271 days in 2008 to 146 days, showing reduced stagnancy in the market.
- ClsPr/LstPr (Close Price to List Price Ratio): Improved from 91.38% to 95.69%, indicating sellers received closer to their listing prices.
- ClsPr/OLP (Close Price to Original Listing Price Ratio): Rose from 85.09% to 93.42%, pointing to decreased need for price cuts to attract buyers.
- Price Per Square Foot: Increased from $63.73 in 2008 to $76.34 in 2009, reinforcing an increase in property values per unit area.
Year Built
- Newest Property: Remained consistent as 2009 in 2009, highlighting refreshed inventory with recently constructed homes.
- Oldest Property: Increased from 1930 in 2008 to 1975 in 2009, reflecting a disappearance of older homes inventory for sale.
- Average Year Built: Increased from 1975 to 1997, showcasing newer properties becoming more prominent in the market.
- Median Year Built: Increased from 1969 to 2000, accentuating a shift toward more modern homes being sold.
Key Trends
- Market Growth: The increase in median and average prices, along with improved price ratios, indicates stronger buyer confidence and higher property values.
- Larger Homes and Lots: The increase in average and median square footage and lot sizes points to an expanding preference for spacious properties.
- Improved Efficiency: Reduced average and maximum DOM highlights quicker closures, showcasing a more active and dynamic marketplace than in 2008.
- Newer Properties: The shift toward inventory dominated by newer homes reflects value-added listings aimed at attracting buyers willing to invest in more modern amenities.
Overall, the 2009 real estate market in Blue Ridge, TX reflected stabilized growth, larger property options, and an uplift in buyer demand, creating opportunities for both sellers and investors.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2009
The 2009 real estate market in Blue Ridge, TX showcased a year of recovery and growth, as it rebounded from previous challenges to offer stronger opportunities for buyers and sellers alike. With rising average and median prices, larger homes, and more efficient market dynamics, the year reflected a shift toward stability and value.
Home-Buyers benefited from favorable mortgage rates and steady utility costs, which enhanced affordability and purchasing power. Meanwhile, Home-Sellers experienced quicker transactions and improved close-to-list price ratios, indicating stronger demand. The growing focus on newer, more spacious homes highlighted changing buyer preferences, positioning Blue Ridge’s market as both dynamic and resilient. With a balanced landscape of affordability and luxury, 2009 presented a wealth of opportunities for all participants in the real estate market.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2008 Analysis of the Single-Family Residential Housing Market
The real estate market for Blue Ridge, TX in 2008 reflected broader economic challenges, but it still provided opportunities for buyers and sellers alike. With 15 closed sales, the market revealed noteworthy shifts in pricing, property features, and buyer-seller dynamics. This analysis highlights the year’s key metrics and trends.
Key Takeaways and Trends from Blue Ridge’s 2008 Real Estate Market
Pricing Range: The pricing highlighted affordability at the lower end ($20,000) and strength in the luxury market ($410,000). Declines in median pricing indicated buyer cautiousness.
Market Efficiency: Sales occurred more quickly, with average DOM dropping to 91 days from 121 days in 2007. However, reduced ClsPr/LstPr and ClsPr/OLP ratios reflected more negotiation in buyer-driven transactions.
Unique Outliers: The market still offered unique properties, including expansive lots up to 16.480 acres and homes as spacious as 3,500 sq. ft. These outliers continued to attract selective buyers.
Total Homes Closed
The market saw 15 residential single-family homes sold in 2008, a notable reduction from the 23 homes sold in 2007. This decline reflects a slower market cycle but doesn’t overshadow the valuable insights uncovered in pricing and property composition.
Property Pricing Insights
Pricing in 2008 showcased both diversity and challenge:
- Minimum Current Price: $20,000 (down from $35,000 in 2007, indicating affordability for entry-level buyers).
- Maximum Current Price: $410,000 (an increase from $359,000, representing a robust luxury segment).
- Average Current Price: $124,527 (a slight increase from $122,813 in 2007, showing pricing stability).
- Median Current Price: $92,850 (down from $109,000, pointing to more competition for mid-priced homes).
The contrast in pricing metrics highlights affordability for some buyers while premium offerings at the top end persisted.
Property Size and Features
The market offered a wide range of options:
Bedrooms: Homes ranged from 2 to 4 bedrooms, with an average of 3 bedrooms, consistent with 2007.
Bathrooms: Count ranged from 1 to 4, with an average of 2 bathrooms, offering functional layouts for families.
Square Footage:
Minimum Size: 1,052 sq. ft. (up from 912 sq. ft., suggesting slightly larger homes at the low-end).
Maximum Size: 3,500 sq. ft. (down from 3,935 sq. ft., reflecting fewer ultra-large luxury properties).
Average Size: 1,682 sq. ft. (a slight decrease from 1,719 sq. ft., consistent with broader trends).
Property sizes continued to meet the needs of a variety of buyers, despite minor decreases on average.
Market Dynamics
The market’s dynamics revealed key trends in buyer behavior and seller expectations:
Days on Market (DOM): Ranged from 2 to 271 days, with an average of 91 days, marking improved sales efficiency compared to 121 days in 2007.
ClsPr/LstPr Ratio: Averaged 91.38%, a decrease from 97.90% in the previous year, indicating more negotiation on listed prices.
ClsPr/OLP Ratio: Averaged 85.09%, lower than 92.46% in 2007, showing greater seller flexibility on original asking prices.
Price Per Square Foot (Pr$/SqFt): Averaged $63.73, a notable drop from $72.47, reflecting decreasing buyer willingness to pay premium rates per area.
The shorter DOM and reduced pricing ratios highlight a buyer-driven market prioritizing value and affordability.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2008
The standout property sold in 2008 was a new construction home that demonstrated luxury and exclusivity:
Price: $410,000
Bedrooms: 4
Bathrooms: 4 (2 full, 2 half)
Square Footage: 3,500 sq. ft.
Price Per SqFt: $117.14
Lot Size: 5.088 acres
Days on Market (DOM): 56 days
ClsPr/LstPr (Close Price to List Price Ratio): 93.18%
ClsPr/OLP (Close Price to Original Listing Price Ratio): 93.18%
Year Built: 2008
This property vividly showcases the high-end opportunities available in Blue Ridge’s market, balancing modern construction and an expansive setting for refined living.
Economic context
The economic environment in Blue Ridge, TX during 2008 exhibited notable shifts that influenced the local real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2008
The average electricity cost in 2008 was $0.14 per kilowatt hour, marking a slight increase from the previous year. For homeowners, this rise directly affected monthly budgets, particularly for larger homes or those with energy-intensive appliances and systems. Understanding this cost became increasingly crucial for buyers as they evaluated properties with energy efficiency in mind. With utility expenses being a significant component of long-term living costs, features like modern insulation, energy-efficient lighting, and updated HVAC systems gained importance, making electricity prices a key factor in homeownership decisions.
Texas Average Gas Prices in 2008
The average gas price in 2008 was $3.12 per gallon, representing a noticeable increase from the previous year. This higher cost directly impacted homeowners, particularly those living farther from work or urban hubs. For families relying on vehicles for daily commuting, errands, and school runs, gas prices became a significant portion of household budgets. Consequently, buyers placed greater importance on properties with close proximity to essential services, schools, and workplaces to reduce fuel expenses. The increase also underscored the growing appeal of fuel-efficient vehicles and alternative transportation options for managing long-term living costs.
Average 30-Year Fixed Mortgage Rate in 2008
The average 30-year fixed mortgage rate in 2008 stood at 6.23%, offering slightly improved affordability compared to the prior year. This rate played a significant role in homebuyers’ purchasing power, directly impacting monthly mortgage payments and the overall cost of homeownership. With a challenging real estate market incentivizing buyers to act decisively, securing this favorable rate was essential for maximizing their budget. For those considering entering the market, the first step to ensuring success was getting pre-approved for a mortgage.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2007 and 2008 Real Estate Data for Blue Ridge, TX
A comparison of the real estate markets in Blue Ridge, TX for 2007 and 2008 reveals notable shifts and trends:
Property Pricing Insights
- The minimum current price decreased significantly from $35,000 in 2007 to $20,000 in 2008, indicating more affordable entry-level options.
- The maximum current price increased from $359,000 in 2007 to $410,000 in 2008, reflecting a stronger high-end market.
- The average price saw a slight increase, from $122,813 in 2007 to $124,527 in 2008, suggesting market stability.
- The median price dropped substantially, from $109,000 in 2007 to $92,850 in 2008, signaling market softness among mid-range properties.
Property Features
- There were no changes in the range of bedrooms (2 to 4) or bathrooms (1 to 4).
- The minimum square footage increased from 912 sq. ft. in 2007 to 1,052 sq. ft. in 2008, reflecting a shift toward larger entry-level homes.
- The maximum square footage declined slightly from 3,935 sq. ft. to 3,500 sq. ft., signaling fewer oversized properties.
- The average square footage decreased slightly from 1,719 sq. ft. in 2007 to 1,682 sq. ft. in 2008, while the median size dropped from 1,492 sq. ft. to 1,426 sq. ft., showing a trend toward slightly smaller homes in general.
Lot Size Area
- The maximum lot size contracted from 25.000 acres in 2007 to 16.480 acres in 2008, limiting the availability of expansive properties.
- The average lot size area dropped from 4.849 acres in 2007 to 3.964 acres in 2008, with a similar trend reflected in the median lot size, decreasing from 1.000 acres to 1.106 acres.
Market Dynamics
- The average DOM (Days on Market) improved substantially, dropping from 121 days in 2007 to 91 days in 2008, reflecting faster sales activity.
- The range of DOM, however, widened, with a shorter minimum DOM (from 2 days in both years) and a longer maximum DOM (from 318 days in 2007 to 271 days in 2008).
- The ClsPr/LstPr ratio dropped from 97.90% in 2007 to 91.38% in 2008, signaling greater buyer negotiation on list price.
- The ClsPr/OLP ratio fell from 92.46% in 2007 to 85.09% in 2008, indicating increased seller flexibility on originally listed prices.
- The price per square foot (Pr$/SqFt) decreased from $72.47 in 2007 to $63.73 in 2008, reflecting a downturn in property value-per-area metrics.
Year Built
- The minimum year built saw an earlier range from 1910 in 2007 to 1930 in 2008, highlighting slightly newer homes in inventory.
- The average year built decreased from 1983 to 1975, indicating older homes entering or dominating the market inventory.
- The latest maximum year built remained unchanged (2007 in 2007 vs. 2008 in 2008), showing the presence of new construction.
Key Takeaways
The 2008 market displayed increased affordability at the entry-level, high-end market strength with record-breaking maximum pricing, and efficiency improvements in time-to-sale (shorter DOM). However, metrics like price per square foot, close-to-list ratios, and median property size or price suggested a market coping with reduced demand and growing buyer cautiousness. These trends showcase a shift toward negotiation-driven transactions and the impacts of an evolving economic landscape on market activity.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2008
The 2008 real estate market in Blue Ridge, TX mirrored the challenges of the broader economic environment, yet it offered unique opportunities for both homebuyers and sellers. With fewer homes sold, the market saw significant pricing adjustments that reduced entry barriers for budget-conscious buyers while maintaining high-end property appeal. Sellers embraced negotiation, evident in lowered close-to-list ratios, enabling more transactions to close despite soft demand. Faster sales cycles reflected active interest in the market but often came at the expense of adjusted pricing strategies.
Despite these shifts, the market remained diverse, catering to a range of preferences from affordable options to luxurious estates. Economic factors, like rising utility and gas prices, played a vital role in shaping buyer priorities, emphasizing proximity to amenities and energy efficiency. For those ready to adapt to evolving dynamics, the 2008 market provided opportunities to maximize investment potential while navigating a competitive and value-driven real estate environment.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2007 Analysis of the Single-Family Residential Housing Market
The year 2007 marked an engaging period for the real estate market in Blue Ridge, TX. The market showcased varied pricing, diverse property sizes, and fluctuating market dynamics. This analysis presents key insights into the year’s real estate performance, highlighting major trends and takeaways.
Key Takeaways and Trends from Blue Ridge’s 2007 Real Estate Market
Pricing Range: From $35,000 to $359,000, pricing displayed increased opportunities for both entry-level buyers and premium purchasers.
Market Efficiency: The average DOM increased to 121 days in 2007 from 80 days in 2006, suggesting a slower pace in the market despite higher sales prices.
Unique Outliers: Properties with expansive lot sizes (up to 25 acres) and large square footage (up to 3,935 sq. ft.) represented unique opportunities, appealing to niche audiences.
Total Homes Closed
A total of 23 homes were closed in Blue Ridge, TX in 2007, slightly fewer than in 2006 (24 homes), underscoring a stable yet slightly decelerated market activity.
Property Pricing Insights
The property pricing data for 2007 reflected a robust market with a significant range in close prices:
- Minimum Close Price: $35,000
- Maximum Close Price: $359,000
- Average Close Price: $122,813
- Median Close Price: $109,000
The market demonstrated a rise in both minimum and maximum price points compared to 2006, indicating increased activity in both the entry-level and high-end segments.
Property Size and Features
The diversity in property features highlighted the market’s range of offerings:
- Bedrooms: Ranged between 2 and 4, with an average of 3 bedrooms.
- Bathrooms: Varied from 1 to 4, averaging 2 full baths.
- Square Footage: The smallest property measured 912 sq. ft., while the largest spanned 3,935 sq. ft. The average property size was 1,719 sq. ft., showing an increase from the previous year.
This diversity reflects the market’s capacity to cater to buyers seeking both smaller, budget-friendly homes and spacious, luxurious properties.
Market Dynamics
Analyzing market performance metrics reveals trends in buyer behavior and time-to-sale:
- Days on Market (DOM): Homes spent between 2 and 318 days on the market, with an average of 121 days.
- ClsPr/LstPr (Close Price to List Price Ratio): Averaged 97.90%, reflecting strong alignment between list and close prices.
- ClsPr/OLP (Close Price to Original List Price Ratio): Averaged 92.46%, suggesting flexibility in pricing negotiations.
- Price Per Square Foot (Pr$/SqFt): Averaged $72.47, a notable increase from 2006’s $59.23.
Homebuyers appeared slightly more willing to meet seller expectations, with improved ClsPr/LstPr ratios, while listing durations indicated more negotiation and inventory movement.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2007
The most expensive property sold in 2007 stood out as an impressive example of the market’s high-end offerings:
Beds: 4
Baths: 4 (3 full, 1 half)
Square Footage: 3,935 sq. ft.
Lot Size: 18.000 acres
Close Price: $359,000
Price per SqFt: $91.23
DOM: 56 days
ClsPr/LstPr: 100.00%
ClsPr/OLP: 100.00%
Year Built: 2002
This property emphasized the appeal of spacious, modern homes with premium features, as it sold quickly at full listed price!
Economic context
The economic environment in Blue Ridge, TX during 2007 exhibited notable shifts that influenced the local real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2007
The average electricity cost for homeowners in 2007 was $0.13 per kilowatt hour, reflecting a consistent and manageable utility expense for most households. For property owners, this rate played a critical role in budgeting monthly expenses, especially for homes with larger square footage or energy-intensive systems.
Texas Average Gas Prices in 2007
The average gas price in 2007 was $2.66 per gallon, reflecting moderate fuel costs that directly impacted homeowners’ commuting and overall living budgets. For families residing further from urban centers, fuel expenses played a significant role in monthly financial planning, especially in areas where public transportation was limited. For property seekers, proximity to workplaces or amenities became increasingly important, as gas prices could influence long-term commuting costs and savings.
Average 30-Year Fixed Mortgage Rate in 2007
The average 30-year fixed mortgage rate in 2007 stood at 6.40%, presenting a moderate interest environment for homebuyers. This rate significantly influenced affordability, with monthly payments directly tied to long-term budgets for families and individual buyers alike. For many, securing a favorable mortgage rate was key to maximizing purchasing power and achieving long-term financial goals
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2006 and 2007 Real Estate Data for Blue Ridge, TX
Comparing the real estate market data for Blue Ridge, TX from 2006 to 2007 reveals important shifts and trends:
-
Property Pricing Insights
- The minimum close price rose from $27,500 in 2006 to $35,000 in 2007, pointing to an increase in the baseline property values.
- The maximum close price climbed from $326,000 in 2006 to $359,000 in 2007, indicating a higher top-end market.
- The average close price increased significantly from $99,380 in 2006 to $122,813 in 2007, reflecting a stronger overall market.
- The median close price also rose from $80,500 in 2006 to $109,000 in 2007, further confirming a general pricing uptick.
-
Property Size and Features
- While the bedroom range stayed consistent at 2-4, the bathroom maximum grew from 3 to 4, accommodating more luxurious layouts.
- The minimum square footage dropped from 960 sq. ft. in 2006 to 912 sq. ft. in 2007, signaling slightly smaller lower-end homes.
- The maximum square footage increased from 2,564 sq. ft. in 2006 to 3,935 sq. ft. in 2007, reflecting larger high-end properties.
- Average square footage grew from 1,644 sq. ft. to 1,719 sq. ft., showcasing a shift towards larger homes overall.
-
Market Dynamics
- A longer average DOM in 2007 (121 days) compared to 80 days in 2006 indicates slower-moving inventory. However, DOM ranged more widely in 2007 (2-318 days compared to 4-241 days in 2006).
- The average price per square foot (Pr$/SqFt) increased substantially, from $59.23 in 2006 to $72.47 in 2007, reflecting higher buyer investments.
- ClsPr/LstPr rose slightly from 96.59% in 2006 to 97.90% in 2007, showing more willingness from buyers to meet sellers’ listed prices.
- ClsPr/OLP dipped from 93.98% in 2006 to 92.46% in 2007, suggesting sellers continued to accept lower initial offers but maintained stronger list-to-close ratios.
-
Lot Size and Year Built
- The maximum lot size expanded from 16.000 acres in 2006 to 25.000 acres in 2007, providing buyers more expansive options.
- The minimum year built decreased from 1935 in 2006 to 1910 in 2007, reflecting potentially older inventory entering the market.
- The maximum year built advanced from 2005 to 2007, indicating ongoing new construction.
- The average year built dipped slightly from 1987 to 1983, hinting at a larger proportion of older properties in the 2007 market.
Overall, the 2007 market displayed higher property prices, larger homes, and greater diversity in lot sizes, at the cost of a longer sales cycle. The trends emphasize a shift towards both higher-end and more diverse market offerings to match an evolving buyer demographic.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2007
The 2007 real estate market in Blue Ridge, TX showcased a blend of growth, diversity, and evolving buyer and seller dynamics. With a wider pricing range, larger homes, and an increase in property values, the market highlighted opportunities for homebuyers seeking both entry-level affordability and high-end luxury. Sellers enjoyed higher alignment with list prices, although properties took slightly longer to sell on average. Economic factors, such as moderate interest rates and stable utility costs, provided a supportive environment for homeownership.
Overall, the market exemplified resilience and adaptability, offering a wealth of opportunities for both buyers and sellers. From expansive estates to budget-friendly homes, Blue Ridge’s real estate landscape in 2007 catered to a broad and varied audience, ensuring a balanced yet competitive marketplace.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2006 Analysis of the Single-Family Residential Housing Market
The real estate market in Blue Ridge, TX for 2006 offers a comprehensive snapshot of residential single-family home transactions. This analysis highlights the trends in housing prices, property features, and market performance, providing valuable insights for buyers, sellers, and real estate professionals. A year-over-year comparison with 2005 further deepens our understanding of how the market evolved during this time.
Key Takeaways and Trends from Blue Ridge’s 2006 Real Estate Market
Pricing Range: The increase in maximum pricing underscores the availability of high-end properties, while declines in average and median pricing point to broader affordability.
Market Efficiency: A shorter DOM and slightly reduced ClsPr ratios indicate quicker transactions, albeit with minor price adjustments.
Unique Outliers: The most expensive property highlighted unique attributes, including large acreage and a high price per square foot, marking it as a premium offering in a mostly mid-priced market.
Total Homes Closed
A total of 24 residential single-family homes closed in 2006, slightly fewer than the 27 homes sold in 2005. This decrease may reflect subtle shifts in market demand or inventory availability.
Property Pricing Insights
Minimum Price: $27,500 (up from $22,500 in 2005)
Maximum Price: $326,000 (up from $264,000 in 2005)
Average Price: $99,380 (down from $116,814 in 2005)
Median Price: $80,500 (down from $105,500 in 2005)
The data shows a higher price cap but lower average and median pricing, revealing potential variability in buyer preferences and sale outcomes.
Property Size and Features
The homes sold in 2006 catered to varying preferences with dimensions and features beneficial for families or individuals:
- Average Bedrooms: 3
- Average Bathrooms: 2
- Average Square Footage: 1,644 sqft
Properties ranged from a modest 960 sq. ft. to a spacious 2,564 sq. ft., offering flexibility across buyer requirements and price ranges.
Market Dynamics
Several key metrics offer insights into how properties performed and the overall health of the market during 2006:
- Average Days on Market (DOM): 80 days.
- ClsPr/LstPr Ratio (Close Price to Listing Price): 96.59%.
- ClsPr/OLP Ratio (Close Price to Original Listing Price): 93.98%.
- Average Price per Square Foot: $59.23.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2006
The most expensive property sold in 2006 had distinct features, positioning it at the top of the market.
Highlights of the Property:
Price: $326,000
Bedrooms: 3
Bathrooms: 3 (2 full, 1 half)
Square Footage: 2,224 sq. ft.
Price per Square Foot: $146.58
Lot Size: 16.000 acres
Days on Market (DOM): 71 days
ClsPr/LstPr Ratio: 93.17%
ClsPr/OLP Ratio: 93.17%
Year Built: 1998
This home featured a luxurious layout and substantial acreage, which is ideal for buyers seeking premium value.
Economic context
The economic environment in Blue Ridge, TX during 2006 exhibited notable shifts that influenced the local real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2006
The electricity cost in 2006 rose to $0.13 per kilowatt hour, reflecting a modest increase from 2005. This slight uptick would have contributed marginally to household utility expenses.
Texas Average Gas Prices in 2006
The gas price averaged $2.47 per gallon, up from $2.18 in 2005. While still reasonable, this rise may have impacted transportation and home heating budgets for homeowners.
Average 30-Year Fixed Mortgage Rate in 2006
The average mortgage rate climbed to 6.47%, compared to 5.93% in 2005. This increase could have steepened financing costs for buyers.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2005 and 2006 Real Estate Data for Blue Ridge, TX
The real estate market in Blue Ridge, TX experienced several notable changes from 2005 to 2006.
Here are the key differences:
-
Pricing Trends
- The minimum close price increased significantly from $22,500 in 2005 to $27,500 in 2006, showing a possible upward trend in baseline property values.
- The maximum close price jumped from $264,000 in 2005 to $326,000 in 2006, reflecting a higher ceiling for luxury properties.
- The average price dropped from $116,814 in 2005 to $99,380 in 2006, indicating more mid-range sales relative to the previous year.
- The median price decreased from $105,500 in 2005 to $80,500 in 2006, further reinforcing the focus on moderately priced homes.
-
Property Features
- The range for bedrooms (2–4) remained consistent between both years.
- The bathrooms range also remained stable between 1 and 3 across both years.
- Average square footage decreased slightly from 1,660 sq. ft. in 2005 to 1,644 sq. ft. in 2006. This points to a small shift toward smaller homes.
- The maximum lot size slightly increased from 14.000 acres (2005) to 16.000 acres (2006), reflecting broader land size options.
-
Market Dynamics
- Average Days on Market (DOM) showed improvement, dropping from 104 days in 2005 to 80 days in 2006, indicating quicker sales.
- ClsPr/LstPr Ratio fell from 98.40% in 2005 to 96.59% in 2006, suggesting sellers accepted offers closer to listing prices in the prior year.
- ClsPr/OLP Ratio also declined from 94.85% in 2005 to 93.98% in 2006, consistent with the above trend.
- The price per square foot (Pr$/SqFt) saw a decrease from $69.43 in 2005 to $59.23 in 2006, indicating more accessible pricing per unit area.
-
Year Built Trends
- The earliest property year built rose from 1930 in 2005 to 1935 in 2006, hinting at slightly newer stock.
- The latest property year built shifted from 2004 in 2005 to 2005 in 2006, reflecting a steadiness in new construction availability.
- The average year built ticked up marginally from 1985 in 2005 to 1987 in 2006, showing an incremental modernization of inventory.
Overall, while 2006 showcased higher upper-end property values and more accessible per-square-foot pricing, the average transaction amounts and property sizes decreased slightly. The faster sales pace (reduced DOM) suggests stronger buyer activity, even as sellers negotiated lower ratios for listing and original list prices.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2006
Blue Ridge, TX’s real estate market in 2006 reflected steady demand with improved sell-through rates and lowered average pricing. Despite fewer transactions, the market catered to a wide range of buyers, balancing affordability and premium options.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2005 Analysis of the Single-Family Residential Housing Market
Blue Ridge, TX’s real estate market in 2005 showcased a dynamic and steady environment, building on the momentum from the prior year. With a notable increase in the number of closed transactions, the market reflected strong engagement from both buyers and sellers. Blue Ridge, TX continued to offer housing options across various price points, ensuring accessibility for a wide range of prospective homeowners.
Key Takeaways and Trends from Blue Ridge’s 2005 Real Estate Market
1. Wide Pricing Range: Blue Ridge, TX’s 2005 real estate market presented a broad spectrum of property values, with prices ranging from $22,500 to $264,000. This diversity ensured that the market catered to all types of buyers, from those seeking affordable starter homes to those prioritizing spacious, higher-end properties. The average price of $116,814 and a median of $105,500 reinforced the accessibility of homes within a moderate budget, showing a balanced mix of affordability and mid-tier investment opportunities.
2. Market Efficiency: The market efficiency was evident in several key indicators. The average Close Price to Listing Price ratio (ClsPr/LstPr) stood at 98.40%, with homes selling close to their listed value. Additionally, the average Days on Market (DOM) of 104 and a median DOM of 94 signaled solid activity, with properties moving relatively quickly. These figures highlight an appealing balance where sellers could attract competitive offers while buyers could count on swift transactions.
3. Unique Outliers: The market had several noteworthy extremes that further illustrated its flexibility. On the affordable end were compact homes priced as low as $22,500, ideal for budget-conscious buyers or investors. The most expensive property sold had a significantly larger lot size (over 47 acres), standing out as a clear outlier with high-end appeal.
Such trends highlight Blue Ridge, TX’s ability to maintain a dynamic and inclusive real estate environment, offering opportunities across all buyer profiles.
Total Homes Closed
A total of 27 single-family residential properties were sold in Blue Ridge, TX, in 2005. This indicates a moderate level of market activity compared to previous years, showcasing an active demand among buyers.
Property Pricing Insights
Property pricing in 2005 spanned a broad range, offering options for nearly every budget:
- Minimum Price: $22,500 – Representing entry-level options or properties requiring significant updates.
- Maximum Price: $264,000 – Highlighting the upper tier of the market.
- Average Price: $116,814 – Offering an overview of the typical property price in the area.
- Median Price: $105,500 – Providing insight into mid-market affordability.
This spread highlights the affordability of entry-level homes, while still accommodating buyers interested in mid-range properties.
Property Size and Features
The homes sold in 2005 catered to varying preferences with dimensions and features beneficial for families or individuals:
- Average Bedrooms: 3
- Average Bathrooms: 2
- Average Square Footage: 1,660 sqft
Properties ranged from a modest 912 sq. ft. to a spacious 3,200 sq. ft., offering flexibility across buyer requirements and price ranges.
Market Dynamics
Several key metrics offer insights into how properties performed and the overall health of the market during 2005:
-
- Days on Market (DOM):
- Average DOM: 104 days
- Median DOM: 94 days
- ClsPr/LstPr (Close Price to Listing Price) Ratio: 98.40%
Sellers generally received just under their asking price, suggesting a balanced market with negotiations slightly favoring buyers. - ClsPr/OLP (Close Price to Original Listing Price) Ratio: 94.85%
This indicates that price adjustments were common before reaching a final sale agreement. - Average Price per SqFt: $69.43
These figures illustrate a competitive yet efficient market. Homes sold closer to their asking prices showed that sellers were well-aligned with buyer expectations, while the relatively short DOM figures indicated an environment conducive to timely transactions.
- Days on Market (DOM):
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2005
The most expensive property sold in Blue Ridge, TX in 2005 was a stunning single-family residence that fetched $264,000. This impressive home spanned 2,259 square feet, featuring 3 bedrooms and 2 bathrooms, providing ample space and comfort. Its modern design and upscale amenities made it a standout in the market. Situated on a sizable 47.740-Acre lot, this property represented the pinnacle of value in Blue Ridge’s 2005 real estate landscape, showcasing the demand for well-appointed, larger homes in the area. Its sale highlighted the market’s ability to cater to buyers seeking both luxury and functionality.
Highlights of the transaction metrics:
Price: $264,000
Price per SqFT: $116.87
Beds: 3
Baths: 2 (Full)
Square Footage: 2,259 sq. ft.
Lot Size: 47.74 acres
Days on Market (DOM): 211
ClsPr/LstPr Ratio: 97.96%
ClsPr/OLP Ratio: 97.96%
Year Built: 1999
Economic context
The economic environment in Blue Ridge, TX during 2005 exhibited notable shifts that influenced the local real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2005
Electricity costs experienced a slight increase in 2005, averaging $0.11 per kilowatt hour. For buyers, this higher cost may have amplified the importance of energy efficiency when considering properties. Homes equipped with modern appliances, energy-saving systems, or lower energy consumption were likely more attractive to homebuyers conscious of their long-term utility expenses. Sellers with homes featuring such upgrades may have found an advantage in the market, appealing to environmentally and cost-conscious buyers.
Texas Average Gas Prices in 2005
Gasoline prices averaged $2.18 per gallon, reflecting an increase from the prior year. This rise likely impacted transportation costs, influencing homebuyer preferences to focus on properties closer to essential amenities or workplaces to help mitigate commuting expenses. Such conditions may have pushed demand for centrally located homes and potentially affected suburban property sales.
Average 30-Year Fixed Mortgage Rate in 2005
The average 30-year fixed mortgage rate was 5.93% in 2005, a slight increase from the previous year’s rate. While still considered manageable, this uptick in borrowing costs could have shaped buyer behavior, prompting a more measured approach to purchasing decisions. Nevertheless, Blue Ridge, TX’s balanced pricing—where most homes remained accessible to mid-tier budgets—helped sustain real estate activity. Stable buyer interest combined with a range of price points allowed the market to thrive despite the broader economic pressures.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2004 and 2005 Real Estate Data for Blue Ridge, TX
The comparison of real estate data for Blue Ridge, TX, between 2004 and 2005 reveals notable changes across several property metrics:
Beds and Baths: No changes were observed in the minimum or median number of beds (2 and 3, respectively) and baths (1 and 2), but the maximum number of beds decreased by 1 (from 5 to 4), and maximum baths dropped by 2 (from 5 to 3).
Square Footage (SqFt Total): While the minimum size increased by 112 square feet (800 to 912), both the maximum and median sizes decreased significantly, by 1,389 square feet (4,589 to 3,200) and 254 square feet (1,736 to 1,482), respectively. The average size also declined by 279 square feet (from 1,939 to 1,660).
Lot Size Area: There was a stark increase in the maximum lot size by 17.740 acres (30.000 to 47.740). However, the median and average lot sizes dropped by 0.520 acres (2.520 to 2.000) and 1.205 acres (6.664 to 5.459), respectively.
Sale Price: Property prices saw a reduction across all metrics. The minimum price fell by $3,400 (from $25,900 to $22,500), the maximum by $79,000 (from $343,000 to $264,000), and the median price dropped by $17,064 (from $122,564 to $105,500). The average price also decreased by $13,447 (from $130,261 to $116,814).
Price per Square Foot (Pr$/SqFt): Despite the drop in total prices, the average price per square foot increased by $4.89 (from $64.54 to $69.43), and the maximum increased by $13.40 (from $127.40 to $140.80). The median price per square foot fell slightly by $5.07 (from $73.83 to $68.76).
ClsPr/LstPr Ratio: The average close price to listing price ratio rose by 2.79% (from 95.61% to 98.40%). Maximum values showed a notable increase of 43.77% (from 100.30% to 144.07%), indicating stronger selling conditions for some properties.
ClsPr/OLP Ratio: There was a small improvement in the average close price to original listing price ratio, which rose by 2.66% (from 92.19% to 94.85%). Median values remained nearly unchanged, but maximum values saw a significant increase of 43.77%.
Days on Market (DOM): Homes took longer to sell on average, with a 14-day increase (from 90 to 104). The minimum DOM rose by 3 days (from 1 to 4), while the maximum increased by 19 days (from 331 to 350). The median also rose by 15 days (from 79 to 94).
Year Built: The average build year for homes decreased by 5 years (from 1993 to 1988), while the median build year increased slightly by 2 years (from 1996 to 1998). The oldest property in 2005 was built in 1948, 10 years older than 2004’s oldest property.
These differences highlight shifts in property size, pricing, efficiency, and inventory characteristics between 2004 and 2005. While prices dropped overall, efficiency in sales improved, and properties with larger lot sizes emerged as notable outliers.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2005
The 2005 real estate market in Blue Ridge, TX showcased a robust and diverse housing landscape, marked by increased activity and a wide range of property options. With 27 single-family homes sold, the market catered to a variety of buyer preferences, from affordable starter homes to mid-range residences. The pricing spectrum, coupled with efficient market dynamics, ensured that both home-buyers and sellers could engage confidently.
Market efficiency was underscored by competitive pricing, strong Close Price to Listing Price ratios, and timely sales cycles. Buyers found value in accessible price points and adaptable property features, while sellers benefited from consistent demand and streamlined transactions. Despite economic shifts, including slightly higher gas and electricity costs, along with a marginally increased mortgage rate, the market remained resilient and well-balanced.
Overall, 2005 was a year of opportunities for Blue Ridge, TX’s real estate participants, with conditions favorable for executing transactions that matched budget and lifestyle needs. Whether looking to buy or sell, the balanced market environment provided a platform for successful real estate endeavors.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2004 Analysis of the Single-Family Residential Housing Market
The real estate market in Blue Ridge, TX during 2004 demonstrated consistent activity, with a diverse range of homes catering to different buyer needs. From entry-level homes to more luxurious properties, the community presented opportunities for homeowners and investors alike.
Key Takeaways and Trends from Blue Ridge, TX’s 2004 Real Estate Market
1. Wide Pricing Range: The 2004 real estate market in Blue Ridge, TX displayed an extensive range of property prices. This pricing spectrum underscored the variety of homes available, catering to diverse buyer needs—from first-time homeowners seeking affordable options to families and individuals looking for upscale residences.
2. Market Efficiency: The real estate market remained efficient throughout 2004. The Close Price to Listing Price ratio (ClsPr/LstPr) averaged at 95.61%, and the Close Price to Original Listing Price ratio (ClsPr/OLP) stood at 92.19%. These metrics highlight the ability of sellers and agents to close deals near their asking prices.
3. Unique Outliers: Two specific extremes caught attention in the 2004 data. On one end were compact homes starting at just 800 square feet and priced under $30,000, providing an attainable entry point for buyers. On the other were luxurious properties like the top-tier residence sold for $343,000, an expansive 4,589-square-foot home with premium features. These outliers emphasize both the inclusiveness of the market and the opportunity for growth across various property tiers. Such diversity affirms Blue Ridge, TX’s appeal to a broad spectrum of buyers.
Total Homes Closed
The market recorded 21 closed single-family residences over the year, reflecting steady demand and engagement in the housing sector.
Property Pricing Insights
Property prices in 2004 showcased a wide spectrum:
- Minimum Price: $25,900 – Representing entry-level options or properties requiring significant updates.
- Maximum Price: $343,000 – Highlighting the upper tier of the market.
- Average Price: $130,261 – Offering an overview of the typical property price in the area.
- Median Price: $122,564 – Providing insight into mid-market affordability.
This diversity in pricing highlights the mix of affordable and high-value properties available in Blue Ridge, TX
Property Size and Features
The typical single-family home in Blue Ridge, TX reflected suitability for families and varied lifestyles:
- Average Bedrooms: 3
- Average Bathrooms: 2
- Average Square Footage: 1,939 SqFt
The properties ranged from a modest 800 sq. ft. to a spacious 4,589 sq. ft., accommodating buyers seeking cozy homes or expansive spaces.
Market Dynamics
Market performance metrics provided key insights into transaction dynamics:
- Days on Market (DOM):
- Average DOM: 90 days
- Median DOM: 79 days
- ClsPr/LstPr (Close Price to Listing Price) Ratio: 95.61%
- ClsPr/OLP (Close Price to Original Listing Price) Ratio: 92.19%
- Average Price per SqFt: $64.54
These figures indicate a relatively efficient market, with most properties selling close to their listing price within a reasonable timeframe.
The steady turnover and pricing trends offered buyers and sellers a balanced market environment.
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2004
In 2004, the most expensive property sold in Blue Ridge, TX was a stunning custom-built single-family home, priced at $343,000. Spanning an impressive 4,589 square feet of living space on a sprawling 6.8-acre lot, this luxurious residence offered 4 bedrooms and 5 bathrooms, perfectly blending comfort with sophistication.
Highlights of the transaction metrics:
Price: $343,000
Bedrooms: 4
Bathrooms: 5 (4 Full, 1 Half)
Square Footage: 4,589 sq ft
Lot Size: 6.8 acres
Days on Market (DOM): 86 days
ClsPr/LstPr (Close Price to Listing Price) Ratio: 95.41%
ClsPr/OLP (Close Price to Original Listing Price) Ratio: 95.41%
Year Built: 1993
What set this property apart was not just its generous size but its premium finishes and distinctive charm, establishing it as a standout in Blue Ridge, TX’s real estate market. Its sale was a notable milestone in the year’s housing activity, underscoring the strong demand for upscale homes in the area.
Economic context
The economic context in Blue Ridge, TX during 2004 played a crucial role in shaping its real estate landscape.
Average Electricity Costs in Dallas-Fort Worth in 2004
Electricity costs averaged $0.10 per kilowatt hour in 2004, reflecting a small uptick in household energy expenses compared to the prior year. This minor rise could have drawn attention to the energy efficiency of homes on the market, particularly among cost-conscious buyers. Homes with modern systems or energy-efficient features might have seen an added appeal, providing value-focused options to prospective homeowners.
Texas Average Gas Prices in 2004
With an average gas price of $1.73 per gallon, transportation costs, while slightly higher than the previous year, remained reasonable for most residents. This modest increase may have influenced the preferences of some buyers, favoring homes closer to amenities or workplaces and potentially increasing interest in centrally located properties.
Average 30-Year Fixed Mortgage Rate in 2004
The average 30-year fixed mortgage rate held steady at 5.88%, maintaining overall affordability in the housing market. This stable and relatively moderate rate likely encouraged continued buyer activity, enabling a broader spectrum of individuals to consider homeownership. Combined with the variety of price points available in Blue Ridge, TX’s real estate market, these economic factors supported a balanced environment for buyers and kept transactions moving efficiently throughout the year.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Differences Between 2004 and 2003 Real Estate Data for Blue Ridge, TX
The comparison of Blue Ridge’s real estate data between 2003 and 2004 revealed several key differences and trends:
Beds and Baths: The minimum number of bedrooms dropped from 3 in 2003 to 2 in 2004, and bathrooms reduced from 2 to 1. This indicates the inclusion of smaller and more affordable properties in 2004.
Square Footage: Homes were slightly smaller overall in 2004, with a decrease in both minimum (-463 sq. ft.) and average (-170 sq. ft.) sizes. However, the median home size showed a slight increase (+22 sq. ft.), signifying stability in typical property offerings.
Lot Size Area: While minimum lot sizes remained unchanged, the maximum in 2004 expanded significantly (+9.96 acres), highlighting some larger properties entering the market. Average lot sizes, however, remained nearly consistent.
Sale Price: Property prices experienced a notable decline. The maximum price dropped dramatically by $304,000, from $647,000 in 2003 to $343,000 in 2004. Average prices fell by $35,885, and median prices decreased by $9,936, signaling a shift toward more affordable housing options that year.
Price per Square Foot (Pr$/SqFt): On average, the price per square foot fell by $11.93, indicating slightly lower pricing across the market in 2004.
ClsPr/LstPr and ClsPr/OLP Ratios: The ratios of close price to listing price and original listing price fell slightly in 2004, with ClsPr/LstPr dropping by 1.31% and ClsPr/OLP by 1.92%. This indicates that buyers were negotiating slightly lower prices than the listed amounts compared to the previous year.
Days on Market (DOM): Homes sold faster in 2004, with the average DOM dropping from 98 to 90 and minimum DOM falling significantly to just 1 day, down from 14 in 2003. This reflects an increase in market activity and efficiency.
Year Built: Older homes entered the 2004 market, as the minimum year built dropped by 17 years to 1958. The averages and medians showed little change, showcasing overall stability in property age.
These findings highlight a market trend in 2004 favoring smaller, more affordable homes while maintaining efficiency in sales. The notable drop in top-end prices suggests a shift in demand or fewer luxury properties being sold during the year.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2004
The 2004 real estate market in Blue Ridge, TX offered a well-balanced environment, characterized by diverse property options and steady activity. With 21 single-family homes sold, the market catered to varying needs, from entry-level buyers to those seeking upscale residences. Property prices ranged significantly, and the average home featured 3 bedrooms, 2 bathrooms, and nearly 2,000 square feet of space, ensuring broad appeal.
Market efficiency was evident through swift transactions, competitive pricing, and strong Close Price to Listing Price ratios, reflecting a stable demand. Favorable economic conditions, including manageable gas, electricity, and mortgage rates, further encouraged local market activity. Buyers benefited from affordability and variety, while sellers capitalized on steady demand.
For both buyers and sellers, the flexibility and efficiency of Blue Ridge, TX’s market in 2004 created ample opportunities to achieve their real estate goals.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Blue Ridge, TX Real Estate: 2003 Analysis of the Single-Family Residential Housing Market
The real estate market in Blue Ridge, TX, during 2003 showcased a dynamic landscape with a wide range of property types and prices. This analysis provides a closer look at market data, highlighting key trends and insights that characterized the residential market during this period.
Key Takeaways and Trends
- Wide Pricing Range: Homes ranged dramatically in price, reflecting the market’s ability to cater to both economical and affluent buyers.
- Market Efficiency: The high ClsPr/LstPr ratio shows that the market was effective, with buyers and sellers reaching agreements close to the listed prices.
- Unique Outliers: Properties like the most expensive one serve as indicators of unique demands or niche market preferences in Blue Ridge, TX.
This thorough analysis provides valuable insights for both prospective buyers and sellers aiming to understand Blue Ridge’s real estate market during 2003.
Total Homes Closed
A total of 14 single-family residences were sold in Blue Ridge, TX in 2003. This figure provides a snapshot of the year’s activity within the local market for residential properties.
Property Pricing Insights
The pricing for homes in Blue Ridge, TX varied significantly throughout 2003, reflecting the diversity in property offerings. Here’s a breakdown:
- Minimum Price: $45,000 – Representing entry-level options or properties requiring significant updates.
- Maximum Price: $647,000 – Highlighting the upper tier of the market.
- Average Price: $166,146 – Offering an overview of the typical property price in the area.
- Median Price: $132,500 – Providing insight into mid-market affordability.
This range signifies that Blue Ridge, TX provided opportunities for a variety of buyers, from first-timers to those seeking higher-end homes.
Property Size and Features
The residential properties sold in 2003 offered diverse configurations in terms of size and features:
- Average Bedrooms: 3
- Average Bathrooms: 2
- Average Square Footage: 2,109 SqFt
These figures suggest that the average home was a comfortable size for families, with enough space to accommodate both smaller and larger households.
Market Dynamics
Several key metrics offer insights into how properties performed and the overall health of the market during 2003:
-
- Days on Market (DOM):
- Average DOM: 98 days
- Median DOM: 78 days
Homes typically sold within two to three months, signaling moderate demand and market absorption.
- ClsPr/LstPr (Close Price to Listing Price) Ratio: 96.92%
Sellers generally received just under their asking price, suggesting a balanced market with negotiations slightly favoring buyers. - ClsPr/OLP (Close Price to Original Listing Price) Ratio: 94.11%
This indicates that price adjustments were common before reaching a final sale agreement. - Average Price per SqFt: $76.47
This figure provides a rough guide to the overall value of homes in Blue Ridge, TX during 2003, with prices influenced by a range of factors such as location, condition, and amenities.
- Days on Market (DOM):
Insights into the Most Expensive Blue Ridge, TX Property Sold in 2003
The most expensive property sold in 2003 was a luxurious 5-bedroom, 5-bathroom home with 4 full baths and 1 half bath. This 4,708-square-foot residence, situated on an 18.070-acre lot, sold for $647,000.
- Price Per Square Foot: $137.43
- DOM: 168 days
- ClsPr/LstPr Ratio: 92.44%
- ClsPr/OLP Ratio: 92.44%
- Year Built: 1986
This property represented the high-end of the market, offering ample space and exclusivity.
Economic context
The economic environment in Blue Ridge, TX during 2003 played a crucial role in shaping the real estate market.
Average Electricity Costs in Dallas-Fort Worth in 2003
Electricity costs during the year averaged $0.09 per kilowatt hour, creating a favorable scenario for both homeowners and renters. These low energy costs made it more affordable to maintain larger homes, such as properties with higher square footage, including luxury homes like the most expensive property sold that year. With an average property size of around 2,109 square feet, homeowners didn’t face prohibitive expenses from utilities, increasing the overall appeal of home ownership and potentially encouraging long-term investments.
Texas Average Gas Prices in 2003
With the average price of gasoline at $1.45 per gallon, transportation costs were relatively affordable, which likely benefited suburban and outskirt areas of the city. Low fuel prices made commuting manageable for homebuyers, encouraging them to consider properties further from the city center. This could have contributed to a healthy diversity in property options across various neighborhoods, making the market more attractive to different buyer segments.
Average 30-Year Fixed Mortgage Rate in 2003
The average 30-year fixed mortgage rate of 5.89% provided moderate borrowing conditions for buyers. While not historically low, this rate gave buyers a feasible pathway to finance their home purchases. Paired with the closed-to-list price ratio of 96.92%, buyers generally paid close to asking prices, which aligns with the stable borrowing environment. This interest rate reinforced the affordability of the market, ensuring that families could manage monthly payments for properties ranging from entry-level homes to upper-tier residences.
Overall, these economic factors collectively supported steady activity in Blue Ridge, TX’s real estate market during 2003.
Curious about today’s mortgage rates and the home you can comfortably afford?
Submit a no-obligation mortgage application today and get pre-approved to determine your budget and take the first step toward homeownership with confidence.
Summary of Real Estate Market Analysis for Blue Ridge, TX in 2003
The real estate market in Blue Ridge, TX in 2003 demonstrated a healthy mix of affordability and exclusivity, with a wide pricing spectrum and diverse property features. The sale of 14 homes highlighted a stable market, bolstered by efficient dynamics, where homes sold at nearly listed prices within an average of 98 days. Key economic conditions, such as affordable electricity, relatively low gasoline prices, and a steady 30-year mortgage rate, created a favorable environment for both home-buyers and sellers.
For buyers, this meant access to homes across varying price ranges and sizes, meeting different needs and budgets. For sellers, the market’s efficiency and fair valuation trends provided opportunities to close deals successfully.
Overall, 2003 marked a balanced real estate year in Blue Ridge, TX, offering insights into a mutually beneficial marketplace for all participants.
Why Statistics Data is Important
Understanding past market data is essential for making informed decisions in today’s real estate landscape. Historical statistics provide a foundational perspective on trends, aiding in fair pricing and negotiation.
Unlock Exceptional Service!
Assistance with all your real estate needs in the Dallas-Fort Worth area is just a click or call away. Reach out at 214-940-8149 or connect through the links below.
Oleg Sedletsky REALTOR® in Blue Ridge, Texas. Call/Text 214.940.8149
I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in Blue Ridge, TX and other locations in the vibrant Dallas-Fort Worth area!
My commitment to ongoing professional development means I’m always enhancing my skills to serve you better. You can count on me as your trusted expert throughout your real estate journey. Plus, I’m fluent in English, Ukrainian, and Russian and ready to assist you every step of the way!
It’s All About You and Your Real Estate Dreams!
My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals and turn your dreams into reality!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Blue Ridge, Texas! Whether you’re searching for your dream home, exploring land options, or looking for commercial properties, my Real Estate Services have you covered.
Contact me today for all your real estate needs in Blue Ridge, Texas! Call/text 214-940-8149
Discover Yearly Real Estate Market Trends for Blue Ridge, TX
Blue Ridge, TX Real Estate Market in 2011
Blue Ridge, TX Real Estate Market in 2012
Blue Ridge, TX Real Estate Market in 2013
Blue Ridge, TX Real Estate Market in 2014
Blue Ridge, TX Real Estate Market in 2015
Blue Ridge, TX Real Estate Market in 2016
Blue Ridge, TX Real Estate Market in 2017
Blue Ridge, TX Real Estate Market in 2018
Blue Ridge, TX Real Estate Market in 2019
Blue Ridge, TX Real Estate Market in 2020
Blue Ridge, TX Real Estate Market in 2021
Blue Ridge, TX Real Estate Market in 2022
Blue Ridge, TX Real Estate Market in 2023
Blue Ridge, TX Real Estate Market in 2024
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.
Dallas-Fort Worth Housing Market: Prices, Trends | December 2024
Housing Report for Dallas-Fort Worth-Arlington Metropolitan Statistical Area – December 2024
Single-Family Homes SUMMARY
Sales volume for single-family homes increased 14.68% YoY from 6,047 to 6,935 transactions.
Year-to-date sales reached a total of 85,561 closed listings.
Dollar volume rose from $2.98 billion to $3.59 billion.
The average sales price rose 5.11% YoY from $492,937 to $518,133.
The average price per square foot subsequently rose from $202.99 to $207.95.
Median price rose 2.56% YoY from $390,000 to $400,000,
The median price per square foot also rose from $191.18 to $191.56.
Months inventory for single-family homes rose from 2.5 to 3.2 months supply.
Days to sell rose from 89 to 98.
—
(Days to Sell = Days on Market + Days to Close)
(YoY – Year-over-Year is a calculation commonly used in economics or financial data to show how information from one time period compares to the year prior. )
Dallas-Fort Worth Housing Report December 2024 (single family homes residential)
December 2024 | YoY %
Home Sales: 6,935 | 14.68%
Dollar Volume: $3,593,254,612 | 20.55%
Median Close Price: $400,000 | 2.56%
New Listings: 6,537 | 9.85%
Active Listings: 22,713 | 30.90%
Months Inventory: 3.2 | 27.40%
Days to Sell: 98 | 10.11%
Average Price PSF: $207.95 | 2.44%
Median Price PSF: $191.56 | 0.20%
Median Square Feet: 2,162 | 2.08%
Close to Original List Price: 94.40% | -0.30%
COLLIN COUNTY HOUSING REPORT – December 2024
December 2024 | YoY %
New Listings: 1,195 | + 18.1%
Average Sales Price: $561,938 | – 1.1%
Median Sales Price: $496,000 | + 3.3%
Days on Market Until Sale: 63 | + 26.0%
Inventory of Homes for Sale: 4,080 | + 51.2%
Months Supply of Inventory: 3.0 | + 42.9%
Close to Original List Price: 94.2% | – 0.8%
Note! Sales Prices do not include prices from any previous listing contracts or seller concessions.
Relocating to Dallas-Fort Worth?
Consider Willow Ridge community in Prosper, Texas
Welcome to the vibrant Willow Ridge community, future homeowners! You’re about to explore a unique blend of luxury, convenience, and a family-friendly atmosphere. Nestled in the heart of Town of Prosper, TX, the Willow Ridge community offers a lifestyle that’s both dynamic and serene. I’m Oleg Sedletsky, your go-to Realtor and Mortgage Loan Originator in Prosper, Texas, and I’m excited to introduce you to the remarkable features and benefits here at Willow Ridge. Let’s dive into all that this amazing community has to offer!
Prosper, TX is located in Collin County Texas and is part of Dallas-Fort Worth metropolitan area.
About the data used in this report
Data used in Dallas-Fort Worth- Arlington report come from Texas Realtor® Data Relevance Project, a partnership between the Texas Association of Realtors® and local Realtor® associations throughout the state. The analysis is provided through a research agreement with the Real Estate Center at Texas A&M University
Data used in Collin County report come from North Texas Real Estate Information Services, Inc.
You may also be interested in:
Latest from Dallas Real Estate Blog
– Texas Homebuyers Tips, Tricks and Lifehacks
– New Construction Homes in Dallas TX
– Texas Home Sellers Tips, Tricks and Lifehacks
– Mortgages for Homebuyers and Investors in Dallas-Fort Worth
Dallas-Fort Worth Relocation Guide
Explore an important information for Home Sellers in the Dallas-Fort Worth area
Explore an important information for Home Buyers in the Dallas-Fort Worth area
2025
Dallas-Fort Worth Housing Market: Prices and Trends | January 2025
2024
Dallas-Fort Worth Housing Market: Prices and Trends | December 2024
Dallas-Fort Worth Housing Market: Prices and Trends | November 2024
Dallas-Fort Worth Housing Market: Prices and Trends | October 2024
Dallas-Fort Worth Market: Prices and Trends | September 2024
Dallas-Fort Worth Housing Market: Prices and Trends | August 2024
Dallas-Fort Worth Housing Market: Prices and Trends | July 2024
Dallas-Fort Worth Housing Market: Prices and Trends | June 2024
Dallas-Fort Worth Housing Market: Prices and Trends | May 2024
Dallas-Fort Worth Housing Market: Prices and Trends | April 2024
Dallas-Fort Worth Housing Market: Prices and Trends | March 2024
Dallas-Fort Worth Housing Market: Prices and Trends | February 2024
Dallas-Fort Worth Housing Market: Prices and Trends | January 2024
2023
Dallas-Fort Worth Housing Market: Prices and Trends | December 2023
Dallas-Fort Worth Housing Market: Prices and Trends | November 2023
Dallas-Fort Worth Housing Market: Prices and Trends | October 2023
Dallas-Fort Worth Housing Market: Prices and Trends | September 2023
Dallas-Fort Worth Housing Market: Prices and Trends | August 2023
Dallas-Fort Worth Housing Market: Prices and Trends | July 2023
Dallas-Fort Worth Housing Market: Prices and Trends | June 2023
Dallas-Fort Worth Housing Market: Prices and Trends | May 2023
Dallas-Fort Worth Housing Market: Prices and Trends | April 2023
Dallas-Fort Worth Housing Market: Prices and Trends | March 2023
Dallas-Fort Worth Housing Market: Prices and Trends | February 2023
Dallas-Fort Worth Housing Market: Prices and Trends | January 2023
2022
Dallas-Fort Worth Housing Market: Prices and Trends | December 2022
Dallas-Fort Worth Housing Market: Prices and Trends | November 2022
Dallas-Fort Worth Housing Market: Prices and Trends | October 2022
Dallas-Fort Worth Housing Market: Prices and Trends | September 2022
Dallas-Fort Worth Housing Market: Prices and Trends | August 2022
Dallas-Fort Worth Housing Market: Prices and Trends | July 2022
Dallas-Fort Worth Housing Market: Prices and Trends | June 2022
Dallas-Fort Worth Housing Market: Prices and Trends | May 2022
Dallas-Fort Worth Housing Market: Prices and Trends | April 2022
Dallas-Fort Worth Housing Market: Prices and Trends | March 2022
Dallas-Fort Worth Housing Market: Prices and Trends | February 2022
Dallas-Fort Worth Housing Market: Prices and Trends | January 2022
Things to do in Lucas TX. Discover Kenneth R. Lewis Park Park in Lucas, TX: An Easygoing Walking Trail, Softball and Soccer Fields, and a Spacious Pavilion for Your Convenience. Over 40 photos
Welcome to Life in Lucas, TX!
Whether you’re new to the area or considering relocating to Lucas, TX, you’re in for a truly special experience. Unlike other cities in Dallas-Fort Worth, Lucas, TX stands out with its wide-open spaces and modern conveniences, making it a place where community and comfort meet. Whether you’re searching for a small-town charm, spacious acreage lots, or a city with highly rated schools, Lucas, TX has something to offer for everyone. It’s not just a location; it’s a community waiting to welcome you!
Greetings, my friends!
I’m Oleg Sedletsky, your friendly Lucas, TX, Realtor® and Mortgage Loan Expert. Are you thinking about buying a home in the Lucas, TX, area? Or maybe you’ve just moved in and are looking to explore all the local gems? This article is all about a charming community park right here in Lucas, TX—packed with amenities that could make your daily life even better.
Welcome to Kenneth R. Lewis Community Park
Kenneth R. Lewis Park Location
Kenneth R. Lewis Park Park, nestled on 820 Southview Drive (FM 1378), is just 2 miles from Lucas, TX’s City Hall and Lucas Community Park, making it easy to enjoy the best of both worlds. Why not plan a day filled with fun and adventure by exploring both parks? The possibilities are endless!
Park address: 820 Southview Dr, Lucas, TX 75002
Park size
Covering 4.8 acres, this park provides ample space for jogging, dog walking, hosting events at the pavilion, and enjoying softball games or soccer practice!
Park rules
The city of Lucas, TX wants everyone to enjoy safe and fun visits to its community parks! Here are a few simple rules to keep in mind:
- Parks are open from dawn to dusk—make the most of the daylight!
- Pets are welcome but must stay on a leash at all times.
- Please clean up after yourself and your furry friends.
- Leave the alcohol, fireworks, and motorized vehicles at home—they don’t belong here.
- Camping isn’t allowed, but you can still enjoy a great picnic or a relaxing day outdoors.
Keeping Lucas, TX parks clean, safe, and enjoyable for everyone is simple and effortless!
Kenneth R. Lewis Park Amenities
Parking
With ample parking spaces available, visitors can enjoy stress-free access to the park at any time. The parking area is conveniently located near key amenities, ensuring minimal walking distances to the pavilion, restrooms, and play areas.
For those with accessibility needs, designated handicap parking spots are provided for ease and convenience.
Whether you’re stopping by for a quick stroll or spending the entire day, the park’s parking facilities are designed to make your visit smooth and enjoyable.
Walking Trail
The park’s 0.3-mile walking trail offers a serene escape for those looking to unwind, exercise, or simply enjoy the beauty of nature. The trail is ideal for both casual strolls and brisk walks.
Whether you’re looking to start your morning with an energizing walk, catch up with a friend, or clear your mind after a long day, this well-maintained path provides the perfect setting.
Don’t forget to take in the sights, sounds, and fresh air as you make your way around this peaceful loop!
Dog Waste Station
Keeping the park clean and enjoyable for everyone is a top priority, and the dog waste station is here to make that simple and stress-free!
Conveniently located along the walking trail, this station is stocked with waste bags and provides an easy disposal point for your furry friend’s mess. Not only does it help maintain a clean and odor-free environment, but it also ensures a more pleasant experience for all visitors.
With this handy station, you can enjoy quality time with your dog while contributing to a cleaner, greener park for the whole community.
Softball and Soccer Fields
Whether you’re a seasoned athlete or just starting out, the softball and soccer fields in the park are designed to bring people together through the love of sports. The spacious and well-maintained fields provide the perfect setting for a range of activities—from casual pick-up games with friends to more competitive matches.
Families can spend quality time teaching their kids how to pitch, kick, or simply have fun playing together.
The fields are also an excellent spot to host community tournaments or practice sessions, fostering teamwork and physical fitness. With plenty of room to run, cheer, and celebrate wins, these fields make every game day special!
Pavilion
The park’s spacious pavilion is the perfect gathering spot for families, friends, and community events. Equipped with plenty of seating and a sturdy roof, it’s a wonderful place to find shade on a sunny day or shelter during light rain. Whether you’re hosting a picnic, celebrating a birthday, or enjoying a peaceful break from outdoor activities, the pavilion offers a welcoming and accessible space.
Need a venue for your next special occasion? The pavilion is available for rent and makes a memorable setting for everything from reunions to casual get-togethers. Contact the city to secure your date and create unforgettable moments under its roof!
Please note, the pavilion includes a kitchenette, allowing you to conveniently prepare food for your event.
Restrooms
Need a quick break? The restrooms, located inside the pavilion, offer a clean, comfortable, and welcoming space for all visitors. Whether you’re freshening up after a jog or simply taking a moment to relax, you’ll appreciate the attention to detail in keeping the facilities tidy and stocked. Designed with your convenience in mind, these restrooms ensure that your park experience stays stress-free and enjoyable!
Why Lucas, TX is the Perfect Place to Call Home
Lucas, TX’s location offers the perfect balance of privacy, accessibility, and convenience, making it an ideal choice for those who value a harmonious lifestyle. Conveniently located near major highways, this area makes daily commutes and weekend getaways a breeze. Food enthusiasts and shoppers will appreciate Lucas, TX’s close proximity to diverse dining and retail options, offering the best of modern conveniences while preserving its charming small-town feel.
Families can also take comfort in knowing their children will have access to top-rated schools that prioritize both academic excellence and community values.
If your dream involves escaping crowded neighborhoods while still staying connected to daily essentials, Lucas, TX might be your perfect haven. Imagine building a custom home on an acreage lot, where you’ll have room to grow, entertain, and enjoy the perks of outdoor living.
Looking for a Home in Lucas, TX?
Hi, I’m Oleg Sedletsky, your local Realtor® and Mortgage Loan Originator here in Lucas, TX. With my deep knowledge of the area and commitment to your satisfaction, I’m here to make your home-buying experience smooth and enjoyable.
Whether you’re looking for a move-in-ready house or planning to build the custom home of your dreams, I’ll be with you every step of the way to ensure the process is seamless and exciting.
Explore my designations and certifications, browse my services, and let’s connect to bring your vision to life – contact me today!
Epilogue
Kenneth R. Lewis Park Park is more than just a public space—it’s a vibrant hub where fitness, fun, and family unite!
If you’re looking to broaden your outdoor adventures, be sure to explore other parks and attractions highlighted on my blog Living in Dallas-Fort Worth.
Be sure to explore my photo gallery, which features over 40 stunning images of the park and its amenities
Kenneth R. Lewis Park Photos
Are you ready to experience the joy of homeownership in the vibrant Dallas-Fort Worth area?
Whether you’re in search of an existing home or a brand-new construction, rest assured that I’m here to assist you every step of the way.
With a dedicated Realtor by your side, the home-buying process becomes a breeze. Say goodbye to stress, and let me handle all the intricate details on your behalf.
Getting the guidance you need is as simple as filling out a brief questionnaire on my Homebuyers contact form. From there, I’ll take care of everything, ensuring a seamless and hassle-free journey towards finding your dream home.
Call/Text 214.940.8149
