As more people continue to move to the Dallas-Fort Worth Metroplex, home prices continue to increase, and the latest data shows that homes are taking longer to sell if they are priced above $400,000 and more senior living as well as town home developments are in demand.
1. Price of new town homes in Lewisville steadily increasing
There are several town home projects underway in Lewisville, particularly in Old Town Lewisville and in the SH 121 area.
In the last few years, the demand for town homes has risen causing median sale prices for new town homes to rise, according to Realtors.
“Right now buyers are willing to pay $300k plus for a town home,” Realtor Erum Ali said. “There are a lot of people who want a low maintenance life style and need to be in close proximity to DFW for work.”
2. Housing market Prepares for growing Senior population
Highland Village’s senior population continues to rise prompting developers to invest in senior living. Construction started in April on Ladera Highland Village, the city’s first 55+ community.
3. Price point controlling average days on the market in Flower Mound
Those looking to buy or sell a home in Flower Mound will find that the price point determines how long the home will stay on the market. Homes on the market that are priced at $400,000 or less sell a lot quicker than higher-priced homes.