admin

The 2018 Princeton, Texas real estate market showcased rapid growth fueled by robust new construction activity, rising home prices, and increasing demand. This analysis uncovers key market patterns and trends, providing a detailed breakdown of sales data, property characteristics, and economic factors shaping the year.

Total Homes Closed

• Closed transactions: A total of 525 homes sold, reflecting strong activity and a 25.9% increase from 2017’s 417 sales.
• New construction homes: 264 homes, a remarkable rise from 187 in 2017, indicating a booming housing development sector.
• Homes with pools: Sales rose to 10 homes, up from 6 in the prior year, showing increased interest in luxury amenities.

Property Pricing Insights

The pricing metrics for 2018 denote steady growth across all segments:

• Minimum price: Increased from $62,000 to $72,000, suggesting higher minimum valuations per property.
• Maximum price: Rose from $540,000 to $599,000, driven by luxury sector demand.
• Average price: Climbed 8.5%, from $215,261 to $233,494, reflecting overall market appreciation.
• Median price: Jumped to $228,900, up 6% from $215,900, showcasing a healthier mid-market sector.

Property Size and Features

The Princeton, TX real estate market in 2018 served buyers with diverse needs, offering properties across a range of specifications:

• Bedrooms: An average of 4 bedrooms, consistent with 2017.
• Bathrooms: Typically 2 bathrooms, maintaining similar trends to the prior year.
• Square footage: Homes ranged from 840 sqft to 3,907 sqft, with 1,897 sqft as the average, up slightly from 1,882 sqft in 2017.
• Lot sizes: Averaged 0.377 acres, compared to 0.361 acres in 2017, reflecting slight growth in property space.

Market Dynamics

Efficiency remained a central theme with slight adjustments to specific metrics:

• Days on Market (DOM): Homes required an average of 30 days to sell, up from 23 days in 2017, signaling a longer turnover cycle.
• ClsPr/LstPr Ratio: Slight dip to 98.79%, showing slightly softer negotiations compared to 99.41% in 2017.
• ClsPr/OLP Ratio: Dropped to 97.81%, normalizing after the overbidding anomalies in 2017’s 134.60%.
• Average price per sqft: Grew to $125.24, up from $116.61, representing a 7.4% increase in property value per unit of space.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2018

Electricity prices increased to $0.13 per kilowatt-hour in 2018, compared to $0.12 in 2017. This climb likely drove demand for energy-efficient housing and renovations, placing greater emphasis on properties with modern upgrades that helped households manage increasing utility costs.

Average Price for Regular Gasoline in Texas in 2018

Gas prices also rose, reaching $2.44 per gallon in 2018, up from $2.19 in 2017. With transportation becoming more expensive, proximity to workplaces and public transportation remained important for homebuyers. Walkable neighborhoods and mixed-use developments gained traction during this period.

Average 30-Year Fixed Mortgage Rate in 2018

Mortgage rates climbed to 4.70% in 2018, from 4.14% in the previous year. For many homebuyers, this level of interest rate signaled urgency to act before rates increased further. Getting pre-approved by a local mortgage loan originator was pivotal for navigating the pressures of a market increasingly shaped by rising rates.

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 Princeton, TX in 2018

Princeton’s real estate market in 2018 maintained its upward momentum, with strong gains in sales volume, pricing, and new construction. While affordability faced headwinds with higher interest rates, the market continued to grow through diversified inventory and demand across all buyer segments. The luxury market thrived with standout sales, like the $599,000 estate.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The 2017 real estate market in Princeton, Texas showed strong growth, driven by rising home prices, faster sales, and heightened activity in new construction and premium properties. This analysis dives into sales trends, pricing, property features, and market dynamics in Princeton for a deeper understanding of the year’s real estate landscape.

Total Homes Closed

• Closed transactions: A total of 417 homes sold, a notable increase from 351 in 2016.
• New construction homes: 187 properties, indicating a booming construction sector and rising demand for new developments.
• Homes with pools: Only 6 homes sold with pools, a drop from 12 in 2016, signaling shifting preferences or availability.

Property Pricing Insights

The pricing metrics for 2017 reflect upward trends across the board:

• Minimum price: Dropped slightly to $62,000 from $65,000 in 2016, providing accessibility to budget homebuyers.
• Maximum price: Slightly decreased from $559,700 to $540,000, driven by a shift in luxury segment transactions.
• Average price: Rose 7.7% to $215,261, up from $199,966.
• Median price: Climbed to $215,900, representing an 11.3% increase from $194,000, emphasizing growth in the mid-market range.

Property Size and Features

The 2017 market offered a diverse range of home sizes catering to different buyer needs:

• Bedrooms: Typically 4 bedrooms, steady compared to 2016.
• Bathrooms: Averaged 2 bathrooms, but some homes included up to 5 bathrooms.
• Square footage: Ranged from 720 sqft to 3,799 sqft, maintaining the same average of 1,882 sqft as in 2016.
• Lot sizes: Averaged 0.361 acres, smaller compared to 0.470 acres in 2016, pointing to increasingly denser developments.

Market Dynamics

The overall efficiency of the market improved in 2017, helping sustain competitive conditions:

• Days on Market (DOM): Homes sold in an average of 23 days, slightly higher than the 20-day average in 2016, but still strong.
• ClsPr/LstPr Ratio: Improved marginally to 99.41%, up from 99.53%, sustaining tight seller-buyer negotiations.
• ClsPr/OLP Ratio: Surprisingly spiked to 134.60% from 98.90%, driven by anomalies in overbids and new construction premiums.
• Average price per sqft: Increased to $116.61, a significant 8.4% rise from $107.59 in 2016, showcasing higher property value per unit area.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2017

Electricity prices rose to $0.12 per kilowatt-hour in 2017, after a year at $0.11. This small uptick likely reignited interest in smaller homes or energy-efficient features. homebuyers remained cautious about properties with older energy systems, viewing them as less desirable long-term investments.

Average Price for Regular Gasoline in Texas in 2017

Gas prices increased to $2.19 per gallon in 2017, up from $1.91 in 2016. While still relatively affordable, the rise may have led homebuyers to reconsider the financial trade-offs of suburban living. Proximity to public transportation hubs became a more significant factor during housing searches.

Average 30-Year Fixed Mortgage Rate in 2017

Mortgage rates rose to 4.14% in 2017, up from 3.79% the year prior. The return of higher rates reminded homebuyers of the importance of locking in favorable financing terms early. Pre-approval through local mortgage loan originators remained vital to navigating the shifting landscape effectively and with confidence.

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 Princeton, TX in 2017

The 2017 real estate market in Princeton, Texas reinforced its upward trajectory, boasting increased sales, higher prices, and steady demand for new construction homes. Despite higher costs tied to loans and utilities, the market achieved sustained growth, driven by responsive developments and competitive buyer activity. Looking ahead, the market’s upward trend reflects a healthy balance of affordability and aspirational inventory, setting the tone for continued performance in 2018.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The 2016 real estate market in Princeton, Texas demonstrated remarkable growth in sales volume and efficiency, fueled by favorable economic conditions and robust buyer demand. This analysis summarizes closed transactions, pricing trends, property features, and market dynamics, offering key insights into the evolving landscape.

Total Homes Closed

• Closed transactions: 351 homes sold, a substantial 67.9% increase from 2015, reflecting an overwhelmingly active market.
• New construction homes: 136 homes sold, a sharp rise from 15 the previous year, showcasing a boom in development activity.
• Homes with pools: 12 homes sold, up from 9 in 2015, highlighting steady demand for luxury features.

Property Pricing Insights

The following price metrics reflect growing market value and diversity:

• Minimum price: Increased from $38,000 in 2015 to $65,000, signaling improvements in the entry-level segment.
• Maximum price: Jumped from $407,500 in 2015 to $559,700, reflecting expanding high-end market activity.
• Average price: Rose to $199,966, up by 19.2% from $167,775 in 2015.
• Median price: Increased to $194,000, marking a 19.0% growth from $163,000 in 2015.

Property Size and Features

HomeBuyers had access to a range of home sizes and configurations in 2016.

• Bedrooms: Averaged 4 bedrooms, up from 3 in the previous year.
• Bathrooms: Increased to an average of 2 bathrooms, with homes offering up to 5 bathrooms.
• Square footage: Properties ranged from 768 sqft to 4,849 sqft, with an average of 1,882 sqft, slightly larger than the previous year.
• Lot sizes: Averaged a reduced 0.470 acres, down from 0.682 in 2015, reflecting denser development in new construction.

Market Dynamics

The market showcased impressive gains in efficiency and property value retention.

• Days on Market (DOM): Faster closings, averaging 20 days, down from 36 in 2015.
• ClsPr/LstPr Ratio: Improved to 99.53%, up slightly from 98.72%, reflecting continued tight pricing alignments.
• ClsPr/OLP Ratio: Dropped to 98.90%, indicating a decrease in over-list bids compared to the previous year’s 144.99%.
• Average price per sqft: Climbed to $107.59, representing a strong 17.4% increase from $91.65 in 2015.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2016

Electricity prices continued to decrease, settling at $0.11 per kilowatt-hour in 2016, down from $0.12 in 2015. This steady decline further incentivized interest in larger homes, which naturally consume more power. The trend also nudged developers to prioritize energy efficiency in new housing projects.

Average Price for Regular Gasoline in Texas in 2016

Gas prices dropped further to $1.91 per gallon in 2016, down from $2.17 in 2015. This decline reduced commuter expenses, inspiring homebuyers to explore housing options further from city centers. Properties in areas with good road infrastructure likely became more desirable, as homebuyers factored in affordable fuel costs.

Average 30-Year Fixed Mortgage Rate in 2016

Mortgage rates fell slightly again, settling at 3.79% in 2016, compared to 3.99% the prior year. This favorable environment for financing encouraged many homebuyers to jump into the market. Getting pre-approved with a local mortgage loan originator ensured buyers could seize opportunities quickly and position themselves in a competitive market.

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 Princeton, TX in 2016

The 2016 real estate market in Princeton, TX stands as a breaking historical point, marking the city’s transition into a period of dramatic and sustained growth. This year set a new precedent with 351 homes sold—a staggering 67.9% increase in sales volume compared to 2015. The surge in new construction homes, with 136 properties built, demonstrated a revitalized commitment to development and urban expansion. Rising property values, highlighted by an 19.2% increase in average price and higher demand for luxury homes, further underscored the market’s maturity and appeal.

Economic factors played a vital role in shaping these milestones. Lower mortgage rates, dropping to an average of 3.79%, provided buyers with easier financing options, while reduced gas and utility costs enhanced overall affordability for homeowners. This convergence of growth indicators positioned Princeton as a prime market, attracting both investors and families looking for long-term opportunities.

The market’s heightened momentum, particularly in faster Days on Market (DOM), robust close-price ratios, and increased buyer confidence, reflects the beginning of a dynamic era for the city. Princeton’s transformation in 2016 marked not only a breakthrough in real estate but also a catalyst for broader economic growth and urban betterment.

Looking ahead, the city’s strategic expansions, coupled with marked affordability and increased residential appeal, promise a flourishing future. Princeton, Texas has firmly cemented its position as an emerging hub in the region, poised for sustained real estate success and vibrant community development in the years to come.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The 2015 real estate market in Princeton, Texas showcased stability in volume while achieving growth in pricing and efficiency. This analysis explores data trends across closed transactions, pricing, features, and market dynamics, providing insights into the market’s health and direction.

Total Homes Closed

• Closed transactions: 209 homes, maintaining consistent activity from 2014.
• New construction homes: 15 homes, marking a notable decline from 35 in 2014 but with sustained buyer interest.
• Homes with pools: 9 homes sold, matching the previous year, showing steady demand for lifestyle-driven features.

Property Pricing Insights

Pricing trends in 2015 exhibited growth and pointed to Princeton’s strengthening market.

• Minimum price: $38,000, up from $30,000 in 2014, reflecting improvements at the entry-level.
• Maximum price: $407,500, significantly lower than 2014’s $675,000, indicating a shift in luxury sales.
• Average price: Increased to $167,775, an 7.5% rise from the previous year.
• Median price: Grew to $163,000, climbing from $148,000—a 10.1% increase.

Property Size and Features

Princeton homebuyers continued to seek varied property sizes and amenities, reinforcing the market’s diversity.

• Bedrooms: Most properties featured 3 bedrooms, aligning with consumer preferences.
• Bathrooms: Homes averaged 2 bathrooms, with configurations ranging from 1 to 4 bathrooms.
• Square footage: Sizes ranged from 624 sqft to 3,393 sqft, with an average of 1,844 sqft, slightly smaller than 2014’s average of 1,891 sqft.
• Lot sizes: Averaged 0.682 acres, a minor decline from 2014’s 0.815 acres, though still spacious.

Market Dynamics

The 2015 market demonstrated increased momentum and strong value propositions.

• Days on Market (DOM): Properties sold faster, averaging 36 days, down from 52 days in 2014.
• ClsPr/LstPr Ratio: Improved to 98.72% from 97.74%, reflecting tighter negotiations.
• ClsPr/OLP Ratio: Jumped dramatically to 144.99%, driven by specific outliers such as underpriced listings producing over-asking bids.
• Average price per sqft: Increased to $91.65, continuing the upward trend from 2014’s $82.05.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2015

Electricity prices dipped to $0.12 per kilowatt-hour in 2015, down from $0.13 in 2014. This small decrease likely provided a bit of financial breathing room to households, which could have been channeled into homeownership costs. Prospective homebuyers looking for energy-friendly homes continued to dominate market trends.

Average Price for Regular Gasoline in Texas in 2015

Gas prices fell significantly to $2.17 per gallon in 2015, down from $3.15 in 2014. Plummeting fuel costs were a game-changer for homebuyers considering longer commutes. Lower transportation expenses made suburban and rural areas increasingly attractive, potentially driving demand for properties in these regions.

Average 30-Year Fixed Mortgage Rate in 2015

Mortgage rates declined slightly to 3.99% in 2015, down from 4.31% in 2014. homebuyers took advantage of this drop to enter the housing market or refinance existing loans for more affordable terms. Partnering with a local mortgage loan originator to secure pre-approval was crucial for those navigating the competitive environment fueled by lower rates.

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 Princeton, TX in 2015

The 2015 Princeton, Texas real estate market demonstrated resilience and heightened activity, achieving faster sales and increased pricing despite reduced new construction and luxury activity. Stable volume and diverse price points reaffirmed Princeton as an attractive market with strong buyer demand. These trends suggest continued adaptability and strength moving forward into 2016.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The 2014 real estate market in Princeton, Texas exhibited continued momentum, with strong sales activity and rising property values. This detailed analysis looks at 209 single-family home transactions, examining pricing trends, property features, market efficiency, and standout sales.

Total Homes Closed

• Closed transactions: 209 homes, a 16.8% increase from the 179 homes sold in 2013.
• New construction: 35 homes built in 2014, slightly down from 39 in 2013 but still showing robust activity.
• Homes with pools: Sales included 9 homes with pools, up from 7 in 2013, signaling heightened demand for leisure-focused properties.

Property Pricing Insights

Pricing in 2014 indicated a more competitive and diversified market:

• Minimum price: $30,000 (up from $18,674 in 2013).
• Maximum price: Held steady at $675,000 for the second year.
• Average price: Rose to $156,171, a 12% increase from 2013’s $139,479.
• Median price: Climbed to $148,000, a 5.8% increase from $139,900 in 2013.

Property Size and Features

Homebuyers in 2014 sought a mix of compact and spacious properties, creating diverse demand:

• Bedrooms: Homes averaged 3 bedrooms, ranging from 1 to 6 bedrooms.
• Bathrooms: Most homes had 2 full bathrooms, with configurations spanning 1 to 8 total bathrooms.
• Square footage: Sizes ranged from 776 sqft to 4,849 sqft, with an average of 1,891 sqft—a slight increase from 2013.
• Lot sizes: Lot sizes averaged 0.815 acres, with properties ranging from 0.11 to 17.332 acres

Market Dynamics

The market demonstrated efficiency and strong value retention:

• Days on Market (DOM): Homes sold in an average of 52 days, slightly up from 51 days in 2013.
• ClsPr/LstPr Ratio: Slightly declined to 97.74%, from 98.51%, reflecting minor flex in negotiation.
• ClsPr/OLP Ratio: Dropped to 96.17% from 97.29%, potentially due to higher list prices.
• Average price per sqft: Increased to $82.05, from $75.16 in 2013.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2014

Electricity prices rose slightly to $0.13 per kilowatt-hour in 2014, up from $0.12 in 2013. This gradual increase added pressure to household budgets, further emphasizing the demand for energy-efficient properties. Sellers with homes featuring solar panels or updated appliances likely had an edge in the real estate market.

Average Price for Regular Gasoline in Texas in 2014

Gas prices decreased to $3.15 per gallon in 2014, down from $3.32 in 2013. Lower fuel costs may have encouraged homebuyers to look at properties in outer suburban areas, knowing transportation expenses were more manageable. This shift could have spurred demand in regions where homes were larger and more economical than urban alternatives.

Average 30-Year Fixed Mortgage Rate in 2014

Mortgage rates edged up to 4.31% in 2014 from the previous year’s 4.16%. This small increase emphasized the importance of timing in home purchases, as homebuyers aimed to lock in favorable terms before rates rose further. Securing pre-approval with a local mortgage loan originator remained a vital step for buyers to gain financial clarity during the purchasing process.

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 Princeton, TX in 2014

The 2014 Princeton, TX housing market expanded in both sales volume and pricing. Declining negotiation power on high listings was offset by demand-driven growth in purchase activity, especially among mid-range and luxury properties. Buyers were particularly drawn to spacious homes, as average square footage and prices per sqft both increased. While lot sizes decreased slightly, premium offerings like pools and modern construction maintained strong appeal.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The 2013 real estate market in Princeton, Texas experienced substantial growth and dynamism, reflecting both increased demand and a diverse inventory. This analysis examines 179 single-family home sales, highlighting pricing, property features, market efficiency, and standout transactions that shaped the year.

Total Homes Closed

• Closed transactions: 179 homes sold, up 17.8% from 152 homes sold in 2012.
• New construction: 39 newly built homes sold, exceeding the 32 recorded in 2012.
• Homes with pools: Sales remained consistent with 7 homes with pools sold, matching the 2012 volume.

Property Pricing Insights

Pricing trends reflected stronger buyer demand and a wider market range throughout 2013:

• Minimum price: $18,674 (down from $21,000 in 2012).
• Maximum price: $675,000 (a sharp increase from $399,000 in 2012).
• Average price: $139,479, showing a 12.8% rise from $123,624 in 2012.
• Median price: $139,900, higher than 2012’s $122,500.

This noticeable increase in pricing indicates heightened buyer activity and willingness to invest in premium properties.

Property Size and Features

Home features in 2013 offered a balance of space and variety to meet buyer preferences:

• Bedrooms: Properties averaged 3 bedrooms, ranging from 2 to 5 bedrooms.
• Bathrooms: Most homes included 2 full bathrooms, with totals ranging from 1 to 5 bathrooms.
• Square footage: Sizes ranged between 832 sqft and 4,026 sqft, with an average of 1,834 sqft.
• Lot sizes: Average lot size slightly decreased to 0.729 acres, though properties ranged up to a significant 32.8 acres.

Market Dynamics

Key metrics reveal a faster and more competitive real estate market in 2013:

• Days on Market (DOM): Homes sold at an average of 51 days, down from 69 days in 2012.
• ClsPr/LstPr Ratio: The close-to-list price ratio improved to 98.51%, indicating minimal price reductions.
• ClsPr/OLP Ratio: Original listing price ratio increased to 97.29%, up from 92.33% in 2012.
• Average price per sqft: $75.16, reflecting a consistent rise from $63.61 in 2012.

These metrics highlight growing homebuyer competition and confidence in the market.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2013

Electricity prices increased to $0.12 per kilowatt-hour in 2013, compared to $0.11 in 2012. This slight rise might have led consumers to reassess their energy usage and consider more energy-efficient homes. Real estate agents likely saw growing interest in properties with features like modern insulation or smart energy systems, which could offset rising utility expenses.

Average Price for Regular Gasoline in Texas in 2013

Gas prices decreased to $3.32 per gallon in 2013, down slightly from $3.42 in 2012. This minor drop helped ease transportation costs for homebuyers. With slightly lower fuel expenses, potential buyers may have been more open to properties in suburban areas, especially if housing prices were more competitive than in urban locations.

Average 30-Year Fixed Mortgage Rate in 2013

Mortgage rates inched up to 4.16% in 2013 from 3.88% in the prior year. While the increase wasn’t drastic, it may have nudged some homebuyers to act sooner rather than later to secure financing. Homebuyers are encouraged to work with local mortgage loan originators to ensure they understand their borrowing capabilities and can lock in competitive rates with ease.

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 Princeton, TX in 2013

2013 real estate market in Princeton, TX exemplified positivity with an 17.8% sales volume increase and a significant rise in average property prices. Properties sold quickly as competition intensified, with homes spending 51 days on average on the market. Pricing trends showed a surge in high-end transactions, as evidenced by the $675,000 luxury home sale. Meanwhile, the typical home maintained its affordability with mid-range prices and modest sizes.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

2012 real estate market in Princeton, Texas saw a rebound in activity after 2011. This analysis encompasses the sale of 152 residential single-family homes, providing insights on pricing trends, market efficiency, and property features. A standout feature was an increase in pool homes and a stable demand for new construction properties.

Total Homes Closed

• Total homes closed: 152 homes sold in 2012, an increase from the 139 homes sold in 2011.
• New construction homes: 32 new builds, a slight decrease from 34 in the previous year.
• Homes with pools: 7 pool homes sold, reflecting a significant increase compared to just 1 in 2011.

Property Pricing Insights

Property prices in Bobak saw growth in 2012:

• Minimum price: $21,000 (an increase compared to 2011’s minimum of $13,000).
• Maximum price: $399,000 (lower than the previous year’s $550,000).
• Average price: $123,624, marking a rise from 2011’s $106,426.
• Median price: $122,500, noticeably higher than the $108,000 recorded in the prior year.

This upward pricing movement reflects improved market demand and buyer activity.

Property Size and Features

Princeton’s homes in 2012 exhibited diverse features catering to various demographics:

• Bedrooms: Averages stayed steady at 3, with homes ranging from 1 to 6 bedrooms.
• Bathrooms: Properties had an average of 2 full bathrooms, with a range from 1 to 5 bathrooms.
• Square footage: Residences spanned from 768 sqft to 4,118 sqft, with an average size of 1,958 sqft, slightly larger than 2011.
• Lot size: Properties had an average lot size of 0.887 acres, exceeding the 2011 average of 0.748 acres and ranging up to 16.257 acres.

Market Dynamics

Key metrics shaping Princeton’s market dynamics in 2012 include:

• Days on Market (DOM): Homes averaged 69 days on market, demonstrating faster sales compared to 2011’s 90 days.
• ClsPr/LstPr Ratio: Average close-to-list price ratio was 96.95%, reflecting improved seller confidence.
• ClsPr/OLP Ratio: Original listing price ratio climbed to 92.33%, signifying fewer price reductions during sales.
• Average price per sqft: Increased slightly to $63.61, up from $56.40 in 2011.

These figures indicate stronger buyer activity and heightened competitiveness in the market.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2012

Electricity prices remained steady at $0.11 per kilowatt-hour in 2012, unchanged from 2011. This stability helped maintain predictability in household budgets, supporting steady investment in real estate. homebuyers could better evaluate prospective homes based on fixed utility costs, encouraging confident decision-making.

Average Price for Regular Gasoline in Texas in 2012

Gas prices rose slightly to $3.42 per gallon in 2012, up from $3.37 in 2011. homebuyers continued to prioritize location and proximity to public transit or work, as elevated gas prices increased commuting expenses. Properties in walkable neighborhoods likely gained more attention during this period.

Average 30-Year Fixed Mortgage Rate in 2012

Mortgage rates dropped significantly to 3.88% in 2012, down from 4.65% the previous year. This marked a historic low that spurred homebuyer activity, particularly for those locking in long-term affordability. Pre-approvals through local mortgage loan originators became an invaluable step in maximizing homebuyer advantages amidst this rate decline.

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 Princeton, TX in 2012

The 2012 Princeton, TX real estate market revealed foundations of recovery and growth, with pricing stability and increased activity indicating buyer optimism. Inventory reflected a mix of modern builds and spacious homes, meeting varied demands. Faster turnover and stronger price negotiations underscored market confidence. If these trends hold, 2013 could continue this positive trajectory.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The Princeton, Texas real estate market in 2011 experienced notable changes compared to the previous year. This analysis explores 139 closed single-family home sales, providing insights into pricing, property sizes, market efficiency, and standout trends. I’ll further highlight the most expensive property sold and analyze the differences from the 2010 market.

Total Homes Closed

• Total homes closed in 2011 were 139, showcasing slightly lower activity compared to the 176 homes sold in 2010.
• New construction homes: 34 sales highlight a modest decrease in new builds compared to the prior year.
• Homes with pools: Only 1 sale involved a home with a pool, indicating a decline from 7 such properties in 2010.

Property Pricing Insights

The pricing landscape in 2011 revealed a wide range:

• Minimum price: $13,000 — an increase compared to 2010.
• Maximum price: $550,000 — slightly higher than the previous year.
• Average price: $106,426 — reflecting a modest decrease from 2010’s $115,316.
• Median price: $108,000 — slightly lower than last year’s $116,950.

This suggests a slight softening in home prices, with both middle and top-tier pricing showing minor shifts.

Property Size and Features

The range and average for property sizes and features show consistency:

• Bedrooms: Homes had an average of 3 bedrooms, ranging from 2 to 13 bedrooms.
• Bathrooms: The average was 2 full bathrooms, with homes providing a range of 1 to 6 bathrooms.
• Square footage: Properties ranged from 875 sqft to a substantial 6,735 sqft, averaging 1,846 sqft, showing minor growth from 2010.
• Lot Size: The average lot size was 0.748 acres, slightly smaller than last year, with lots extending up to 23.26 acres.

Variation in home size and lot area catered to diverse buyer preferences.

Market Dynamics

Key metrics illustrating market efficiency include:

• Days on Market (DOM): Homes averaged 90 days on market, a noticeable increase from the 74-day average in 2010.
• ClsPr/LstPr Ratio: On average, homes sold at 95.84% of their listing price, slightly dipping from the previous year.
• ClsPr/OLP Ratio: The ratio to the original listing price was 89.99%, indicating more significant price adjustments compared to 2010.
• Price per square foot: Averaged $56.40, reflecting a decline from the $63.87 in 2010.

These figures suggest a slightly less competitive market, with slower sales and lower pricing per square foot.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2011

Electricity prices dipped again to $0.11 per kilowatt-hour in 2011, down from $0.12 in 2010. This slight drop continued to help households manage their budgets with more flexibility for discretionary spending or home-related investments. The lower cost of utilities could boost the appeal of larger homes that might otherwise consume more electricity.

Average Price for Regular Gasoline in Texas in 2011

Gas prices rose noticeably to $3.37 per gallon in 2011, up from $2.64 in 2010. The steep increase likely caused homebuyers to favor properties closer to work or transit hubs. homebuyers in suburban or rural areas likely faced greater challenges due to higher commuting costs.

Average 30-Year Fixed Mortgage Rate in 2011

Mortgage rates dropped further to 4.65% in 2011 from 4.86% in the prior year. This ongoing trend of declining rates supported affordability and encouraged activity among homebuyers. First-time buyers were reminded to get pre-approved through local mortgage loan originators to better understand their purchasing power.

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 Princeton, TX in 2011

The 2011 real estate market in Princeton, Texas reflected a year of subtle shifts and adjustments, signaling a period of stabilization rather than rapid growth. With a decline in sales volume from 176 homes in 2010 to 139 in 2011, homebuyer activity visibly slowed down. Home values softened slightly, with the average price dropping to $106,426, while the median price settled at $108,000. Despite these decreases, the market continued to showcase diversity, offering options ranging from affordable starter homes priced as low as $13,000 to high-end properties reaching $550,000.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!

The real estate market in Princeton, Texas in 2010 witnessed diverse activity in the single-family residential sector. This analysis explores 176 closed home sales during the year, unveiling key metrics like pricing, home features, market efficiency, and trends. Additionally, I’ll highlight the most expensive property sold and examine the market dynamics contributing to the year’s performance.

Total Homes Closed

• Total homes closed: 176
• Homes with pools: 7
• New construction homes accounted for 54 sales, showcasing significant activity in that segment.

Property Pricing Insights

Here’s a breakdown of property pricing for 2010:

• Minimum price: $12,900
• Maximum price: $515,000
• Average price: $115,316
• Median price: $116,950

Homes in Princeton, TX provided a highly accessible range, catering to budget-friendly buyers and upscale purchasers alike.

Property Size and Features

• Bedrooms: Most homes had 3 bedrooms (average), ranging from 2 to 6 bedrooms.
• Bathrooms: Average of 2 full baths, with a range from 1 to 4 bathrooms.
• Square footage: Ranged from 768 sqft to 4,084 sqft, with an average of 1,816 sqft.
• Lot Size: Average lot size was 0.863 acres, spanning from compact lots to as large as 30.22 acres.

This diversity in size and features indicates flexibility in home options catering to varied buyer needs.

Market Dynamics

• Days on Market (DOM): The average time on the market was 74 days, with some homes selling as quickly as within 54 days and others taking up to 499 days.
• ClsPr/LstPr Ratio: On average, homes sold at 97.28% of their listing price.
• ClsPr/OLP Ratio: The ratio to the original listing price averaged 93.31%, highlighting minor adjustments in pricing during the selling process.
• Price per square foot: The average was $63.87 per sqft, with pricing reaching a high of $235.73 per sqft.

This reflects a fairly efficient market, with competitive pricing and manageable selling times.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2010

Electricity costs decreased further to $0.12 per kilowatt-hour in 2010, down from $0.13 in 2009. The drop allowed households to manage monthly budgets a bit more effectively. For real estate, affordability in utility costs could make energy-conscious homes an easier sell, particularly as homebuyers explored long-term cost savings.

Average Price for Regular Gasoline in Texas in 2010

Gasoline prices rebounded slightly, averaging $2.64 per gallon in 2010, compared to $2.21 in 2009. The rise in fuel costs likely pushed many homebuyers to evaluate commute expenses alongside their home budgets. Urban areas and transit-centered communities may have seen increased interest as reliable transport options became a key factor.

Average 30-Year Fixed Mortgage Rate in 2010

Mortgage rates declined further to 4.86% in 2010, offering favorable conditions for potential homebuyers. This drop made monthly payments more manageable and contributed to a gradual recovery in the housing market. Pre-approvals with local mortgage loan originators were essential for homebuyers to confidently pursue homes in competitive markets.

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 Princeton, TX in 2010

The 2010 Princeton, Texas real estate market offered affordability, diversity, and steady performance. Competitive pricing, solid demand for new construction homes, and a manageable average DOM reflected a balanced environment for both homebuyers and home-sellers.

The Importance of Statistical Data in Princeton, Texas Real Estate Market

Did you know that appraisers and Realtors rely on historical statistical data to determine a property’s current value?

Analyzing historical market data is essential for making informed decisions in today’s real estate market. Examining past trends provides valuable insights that facilitate accurate pricing, more strategic negotiations, and a comprehensive understanding of market dynamics. By understanding market dynamics, both homebuyers and home-sellers can leverage the conditions to achieve their goals.

It’s All About You and Your Real Estate Goals!

My mission is to serve you! With my knowledge and expertise, I’m here to help you achieve all your real estate goals!
I’m passionate about helping buyers and sellers navigate the exciting real estate landscape in Princeton, 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 Princeton, Texas! Call/text 214-940-8149

A Comprehensive Analysis of Single-Family Residential Housing Market in Princeton, TX: 2010 to Present

Discover the trends, stats, and insights shaping Princeton’s real estate market year by year!