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The 2022 real estate market in Princeton, Texas experienced a pivotal shift, shaped by economic adjustments such as the rise in 30-year average mortgage rates to 5.53%. Despite the increased cost of financing, property values soared to record-breaking levels, with both average and median prices reaching all-time highs. New construction homes and properties featuring pools remained in high demand, reflecting continued growth and evolving lifestyle preferences in the area.

Total Homes Closed

A total of 690 single-family homes were sold in 2022, marking an overall decline from 849 the previous year.

New construction homes accounted for 249 properties, showing sustained demand for modern builds.

Homes with pools increased to 17 properties, indicating a growing appeal for leisure-oriented features.

Property Pricing Insights

• Minimum Price: $135,000
• Maximum Price: $1,600,000
• Average Price: $369,296 (up from $311,550 in 2021)
• Median Price: $351,996 (up from $300,000 in 2021)

Rising prices reflect stronger competition and evolving homebuyer priorities.

Property Size and Features

• Bedrooms: Ranged from 1 to 6, with an average of 4 bedrooms per home.
• Bathrooms: Ranged from 1 to 5, with most homes featuring 2 bathrooms on average.
• Square Footage: Homes ranged from 576 sqft to 5,348 sqft, with an average of 1,869 sqft—a slight decrease from 2021.
• Lot Size: Varied from 0 to 19,189 acres, with the median being 0.140 acres, showing smaller average lot sizes in general.

Market Dynamics

• Days on Market (DOM): Homes sold in an average of 21 days, a sharp improvement from 38 days in 2021, highlighting faster sales.
• ClsPr/LstPr Ratio: Averaged 101.63%, showing sustained demand with buyers paying slightly above listing prices.
• ClsPr/OLP Ratio: Spiked to 245.02%, driven by standout properties that performed exceptionally well.
• Average Price Per SqFt: $201.61, up significantly from $154.56 in 2021.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2022

Average electricity prices spiked to $0.18 per kilowatt-hour in 2022, a sharp increase from $0.14 in 2021. Higher energy expenses placed added strain on household budgets, driving demand for energy savings. Homes with modern insulation, solar installations, or energy-saving appliances gained significant appeal during this period.

Average Price for Regular Gasoline in Texas in 2022

Gas prices surged to $3.47 per gallon in 2022, jumping from $2.65 in 2021. The substantial increase in transportation costs likely swayed homebuyers to favor central locations or areas close to public transit. Long commutes to suburban or rural homes might have lost some appeal in light of elevated gas prices.

Average 30-Year Fixed Mortgage Rate in 2022

Mortgage rates climbed steeply to 5.53% in 2022, up from 3.15% the year before. The notable rise in rates significantly impacted affordability, persuading many to reassess their homeownership goals. Homebuyers were urged to secure pre-approval with a local mortgage loan originator to better understand their financial limits in a tightened 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 2022

The 2022 real estate market in Princeton, Texas presented unique challenges and opportunities for both homebuyers and home-sellers, shaped by shifting economic conditions and evolving buyer preferences.

Homebuyers’ Perspective

For homebuyers, rising mortgage rates—reaching an average of 5.53%—posed significant affordability challenges, especially for entry-level buyers. Higher average and median property prices further narrowed access to homes in lower price ranges. However, the market offered notable opportunities, particularly in the availability of new construction homes, with 249 properties catering to those seeking modern designs and updated features. The increase in homes with pools also provided buyers the chance to invest in lifestyle-focused properties. With the average Days on Market (DOM) dropping to just 21 days, the market became highly competitive, reinforcing the need for buyers to act decisively and prepare strategically to secure desired properties before they sell.

Home-Sellers’ Perspective

For home-sellers, the 2022 market dynamics created substantial advantages. Average property prices soared by 18.5%, while the median price increased by over $50,000 compared to 2021, positioning sellers to gain significant returns. The faster pace of sales—reflected in the reduced DOM—meant well-priced, move-in-ready homes were in high demand. Sellers needed to carefully balance competitive pricing with market conditions to meet buyer expectations and maximize offers. Features like pools and larger properties resonated strongly with buyers seeking additional value, giving sellers of such homes an edge in the market. Meanwhile, the slight decline in new construction home sales hinted at an opportunity for resale properties to fill the gap in supply.

Both homebuyers and home-sellers in 2022 navigated a dynamic, fast-moving market influenced by economic shifts and changing priorities. Sellers enjoyed the benefits of increasing property values and brisk sales, while buyers had to overcome financial barriers but still found value in new developments and lifestyle-focused investments. The year emphasized the importance of preparation, understanding market trends, and adapting to the fast-evolving real estate environment.

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 second year of the COVID-19 pandemic continued to shape the real estate market in Princeton, Texas. Work-from-home trends and lifestyle changes encouraged demand for spacious homes and properties with unique features. HomeBuyers benefited from historically low mortgage rates averaging 3.15%, further fueling market activity. With 849 homes sold, the market demonstrated resilience in the face of economic challenges.

Total Homes Closed

A total of 849 residential single-family homes closed in Princeton, TX in 2021.

New Construction Homes: 402, highlighting an active development year.

Homes with Pools: 12, reflecting steady interest in leisure-driven amenities.

Property Pricing Insights

• Minimum Price: $130,000
• Maximum Price: $1,025,000
• Average Price: $311,550
• Median Price: $300,000

This data reflects rising property values and a growing demand across pricing tiers, especially in the mid-to-luxury range.

Property Size and Features

• Bedrooms: Properties ranged from 1 to 6 bedrooms, with an average of 4.
• Bathrooms: Ranged from 1 to 5 baths, with an average of 2 full baths.
• Square Footage: Homes varied from 768 sqft to 4,543 sqft, with an average of 2,080 sqft.
• Lot Size: Lot areas ranged from 0.000 to 12.980 acres, averaging 0.308 acres per home.

The focus on larger homes and generous lot sizes illustrated buyer preferences for comfort and space.

Market Dynamics

• Days on Market (DOM): Properties averaged 38 days on the market, showing slightly quicker transactions than 2020.
• ClsPr/LstPr Ratio: 101.70%, indicating frequent sale prices above listing prices.
• ClsPr/OLP Ratio: 104.22%, showcasing competitive buyer demand compared to original listings.
• Average Price Per Square Foot: $154.56, reflecting a per-square-foot increase aligned with overall price growth.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2021

Electricity prices rose again to $0.14 per kilowatt-hour in 2021, up from $0.13 in 2020. This upward trend in energy costs likely pushed buyers to prioritize homes with efficient heating and cooling systems. Green-certified homes may have seen increased interest as buyers sought to offset higher utility bills.

Average Price for Regular Gasoline in Texas in 2021

Gas prices climbed to $2.65 per gallon in 2021, up from $1.82 in the prior year. This sharp increase put pressure on household budgets, especially for buyers with long commutes. Urban properties or homes in transit-accessible locations likely became more appealing as buyers aimed to minimize transportation expenses.

Average 30-Year Fixed Mortgage Rate in 2021

The average 30-year fixed mortgage rate dropped slightly to 3.15% in 2021, down from 3.38% in 2020. This decline further fueled homebuying demand, making mortgages more affordable despite rising home prices. Potential homebuyers were strongly advised to secure pre-approval through local mortgage loan originators to enhance their financial readiness during highly competitive conditions.

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 2021

The 2021 real estate market in Princeton, TX was marked by intense activity and opportunity, creating unique dynamics for both homebuyers and home-sellers.

Homebuyers’ Perspective

For homebuyers, historically low mortgage rates averaging 3.15% provided a rare opportunity to secure financing at affordable terms. However, increased property prices—especially with the average price rising to $311,550—created challenges for entry-level buyers. New construction homes, accounting for 402 of the sales, stood out as an attractive option for those seeking modern amenities and energy-efficient features. The competitive nature of the market, reflected in the jump in close-to-list price ratios above 101.70%, meant buyers needed to act quickly and decisively to secure their desired properties. For many, focusing on lifestyle priorities like additional space and comfort became more critical than ever.

Home-Sellers’ Perspective

For home-sellers, the 2021 market offered strong incentives, with higher property valuations driving increased profits. The rise in both average and median prices represented a lucrative environment to sell, while a slightly shorter 38-day average DOM indicated sustained buyer interest. Sellers who priced their properties competitively were more likely to attract offers above the listing price, as shown by the robust ClsPr/LstPr ratios. Larger homes with features like more bedrooms, larger lot sizes, or pools continued to command attention, and the growing demand for spacious, lifestyle-oriented properties presented an opportunity to maximize value. By tailoring listings to highlight these sought-after features, sellers could further capitalize on the prevailing market trends.

2021 showcased a market shaped by resilience and adaptability. Lower financing costs and evolving buyer priorities drove competitive demand, while sellers enjoyed the rewards of higher valuations for well-positioned properties. Both groups benefited from the dynamic synergy of accelerated development and shifting needs, solidifying Princeton’s market strength during another extraordinary year.

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 2019 displayed balanced growth and stability amid evolving buyer preferences and fluctuating economic conditions. This analysis identifies trends, highlights notable data, and examines key market dynamics, providing a comprehensive look at Princeton’s housing activity over the year.

Total Homes Closed

• Closed transactions: The market closed 514 homes, showing steady activity with only a minor decline from 2018’s 525.
• New construction homes: Sales reached 275 homes, increasing from 264 in 2018, underscoring strong development efforts.
• Homes with pools: Dip in sales to 7 homes from 10 properties in 2018, reflecting a downward trend in luxury pool homes.

Property Pricing Insights

The market displayed slight price adjustments compared to 2018:

• Minimum price: Fell significantly from $72,000 to $40,000, introducing more affordable options.
• Maximum price: Incrementally increased from $599,000 to $600,000, driven by a luxury property at the upper end.
• Average price: Rose marginally by 0.6%, from $233,494 to $234,809, maintaining steady pricing levels.
• Median price: Decreased slightly to $227,900, down from $228,900, signaling stabilization in the mid-market.

Property Size and Features

Princeton’s homes catered to varied preferences with consistent property features:

• Bedrooms: Average of 4 bedrooms, consistent with 2018.
• Bathrooms: Average of 2 bathrooms, unchanged from the prior year.
• Square footage: Average size declined modestly to 1,867 sqft, down from 1,897 sqft in 2018.
• Lot sizes: Averaged 0.304 acres, smaller than 2018’s 0.377 acres, reflecting more compact real estate options.

Market Dynamics

The market shifted slightly in terms of efficiency and value:

• Days on Market (DOM): Homes averaged 38 days, up from 30 days in 2018, indicating slower turnover.
• ClsPr/LstPr Ratio: Remained steady at 98.84%, a minor improvement from 98.79%.
• ClsPr/OLP Ratio: Rose to 99.13%, improving from 97.81%, showing better alignment of closing and original prices.
• Average price per sqft: Increased to $128.40, up from 2018’s $125.24, reflecting a 2.5% growth in property value per unit space.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2019

The average electricity price in 2019 climbed to $0.14 per kilowatt-hour, up from $0.13 in 2018. This uptick added some pressure on household budgets, further solidifying the need for energy-efficient homes. Properties featuring solar panels or smart home technologies likely gained value as homebuyers sought ways to mitigate rising energy expenses.

Average Price for Regular Gasoline in Texas in 2019

Gas prices fell slightly to $2.29 per gallon in 2019, down from $2.44 in 2018. This small decline brought modest relief to transportation costs and may have encouraged suburban home purchases, where commuting distances tend to be longer. Homebuyers likely balanced fuel costs with home prices when making location decisions.

Average 30-Year Fixed Mortgage Rate in 2019

Mortgage rates averaged 4.13% in 2019, down from 4.70% the year before. This noticeable decline made homeownership more attainable for many homebuyers and likely spurred activity in the housing market. Pre-approvals through local mortgage loan originators remained key for buyers wanting to confidently pursue homes amid favorable rate conditions.

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 2019

The 2019 real estate market in Princeton, Texas presented a balanced landscape with opportunities and challenges for both homebuyers and home-sellers.

Homebuyers’ Perspective

For homebuyers, 2019 was a year of increased affordability and opportunity. With the minimum home price dropping to $40,000, entry-level buyers found it easier to enter the market. The surge in new construction homes (275 properties) offered modern design and updated features, appealing to those seeking move-in-ready options. Additionally, lower mortgage rates (4.13%) boosted affordability by reducing monthly payments, making homeownership more attainable.

Buyers also had room to negotiate, particularly on properties with longer Days on Market (38 days) compared to the previous year. This added time allowed buyers to carefully evaluate options and secure favorable deals, especially on higher-priced or luxury homes.

Home-Sellers’ Perspective

Home-sellers faced increased competition and evolving buyer preferences, requiring strategic adjustments to ensure success. The slight rise in DOM meant it was crucial to price homes competitively from the start. Accurate and realistic pricing aligned with market expectations could lead to quicker closings and fewer adjustments throughout the sales process. However, the improved ClsPr/LstPr (98.84%) and ClsPr/OLP (99.13%) ratios showed that buyers were willing to meet listing prices for well-positioned properties.

New construction homes proved to dominate, reflecting continued demand for updated amenities and turnkey homes. Sellers of older properties might benefit from minor upgrades to match these buyer preferences. Additionally, while pool homes saw a decline in sales to just 7 properties, luxury homes—like the $600,000 standout sale—demonstrated demand for premium features such as larger living areas, pools, and expansive lots. Sellers in this segment should prepare for longer timelines but know that buyers are still willing to pay for the right property.

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 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!