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The 2015 real estate market in Prosper, Texas demonstrated substantial growth and stability, with increased property values and steady demand. A total of 667 single-family homes closed in this period, reflecting a thriving market supported by diverse inventory and competitive mortgage rates. This analysis provides an in-depth exploration of key market trends, highlighting pricing dynamics, transaction efficiency, and notable outliers that have influenced the Prosper’s real estate landscape.

Total Homes Closed

The year saw 667 single-family homes sold. Included in this figure were 272 new construction homes, reflecting Prosper’s booming development sector, and 115 homes with pools, a popular feature among luxury and mid-tier properties.

Property Pricing Insights

• Minimum Price: $87,000
• Maximum Price: $2,100,000
• Average Price: $445,343
• Median Price: $430,000

This spread indicates a balanced market catering to various economic brackets while showing a steady appreciation trend.

Property Size and Features

• Bedrooms (average): 4
• Bathrooms (average): 4, including 3 full and 1 half bath
• Square Footage (Avg): 3,539 sq. ft.
• Lot Size (Avg): 0.478 acres

Larger lot sizes and homes with multiple features, often with luxury amenities, revealed Prosper’s potential as a premium market.

Market Dynamics

• Average DOM: 84 days
• ClsPr/LstPr: 97.37%
• ClsPr/OLP: 97.04%
• Average Price Per Sq. Ft.: $124.83

Homes sold relatively quickly and at optimal pricing, underlining market efficiency and vigorous buyer interest.

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 Prosper, TX in 2015

The 2015 real estate market in Prosper, TX showcased notable growth and adaptability, building on the successes of the prior year. With 667 homes closed, sales volumes saw a considerable rise, accompanied by modest price increases and improved market efficiency. A mix of upscale properties and diverse inventory captured the attention of buyers across various economic brackets. Favorable mortgage rates and stable demand further shaped the market into a dynamic and equitable environment for both buyers and sellers.

Homebuyers’ Perspective

The increased inventory in 2015, including 272 new construction homes and 115 properties with pools, created diverse options for homebuyers. The average sales price of $445,343 and low mortgage rates (around 3.99%) offered robust opportunities for investment while maintaining long-term affordability. However, with properties selling more quickly at an average of 84 days on market, buyers faced the challenge of acting decisively. Those seeking luxury homes also contended with rising prices in the high-end segment, as seen with the $2.1 million peak property sold. Overall, buyers enjoying the breadth of choice needed to balance their decisions with timely offers.

Home-Sellers’ Perspective

2015 marked an advantageous year for home sellers, driven by high buyer demand and efficient pricing. The year saw a 25.85% increase in closed transactions compared to 2014, signaling an active pool of buyers ready to transact. Sellers benefited from strong market conditions, with properties closing at 97.37% of listing prices on average and many achieving full listing values. Improved turnover times, with less time on the market, also brought faster results. Sellers with unique or luxurious properties found particular success, as the popularity of features like pools, multi-generational casitas, and premium finishes attracted generous offers. Capitalizing on rising values and buyer interest, sellers were well-positioned to maximize profits in Prosper’s favorable market conditions.

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

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

The data above is just the beginning. This glimpse into the Prosper, Texas real estate market outlines trends but doesn’t capture the full picture. To truly understand the city’s housing market, you’ll need specific insights like zip code analyses, neighborhood breakdowns, and school-district-focused data. Historical trends and comprehensive analyses arm both homebuyers and home sellers with the tools they need to make decisions confidently.

The insights on this page represent just a small part of the comprehensive real estate services I provide to my clients. Whether you’re a buyer aiming to find your dream home or a seller looking to maximize your property’s value, I provide data-backed strategies tailored to your goals.

Reach out today—I’d love to help you achieve success in Prosper’s vibrant housing market!

Meet Your Trusted Realtor and Mortgage Expert in Prosper, Texas!

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 homebuyers and home-sellers navigate the exciting real estate landscape in Prosper, 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 Prosper, Texas! Call/text 214-940-8149

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

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

The 2014 real estate market in Prosper, Texas experienced sustained activity, reflecting a healthy demand for residential single-family homes. With 530 properties sold, this analysis offers a detailed look into key market trends, including pricing dynamics, efficiency in transactions, and unique outliers that shaped the market.

Total Homes Closed

Prosper’s real estate market saw 530 homes sold in 2014, reflecting a 2% increase compared to the previous year. Among these, 90 properties featured pools, showcasing buyer interest in recreational amenities. Additionally, there were 242 new construction homes, contributing heavily to inventory and meeting buyer demand for modern properties.

Property Pricing Insights

• Minimum Price: $127,900
• Maximum Price: $1,750,000
• Average Price: $402,382
• Median Price: $391,091

The pricing spectrum emphasized the diversity in market offerings, from budget-friendly options to high-end, luxury estates.

Property Size and Features

Buyers in 2014 enjoyed a variety of housing options:

• Bedrooms: 4 on average
• Bathrooms: 4 on average, including 3 full baths and 1 half bath
• Square Footage: Average home size of 3,448 sq. ft., with a median of 3,562 sq. ft.
• Lot Size: Properties ranged up to 10.11 acres, reflecting plenty of choices for those seeking expansive or compact spaces.

Market Dynamics

• Days on Market (DOM): Average of 76 days, indicating a slight increase compared to 2013 but still within a competitive range.
• ClsPr/LstPr Ratio: 97.34% demonstrates strong pricing strategies.
• ClsPr/OLP (Original Listing Price): 96.13%, further reinforcing efficient sales outcomes.
• Average Price per Square Foot: $115.34, up from the previous year, highlighting the appreciation of property value.

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 Prosper, TX in 2014

The 2014 real estate market in Prosper, Texas continued its upward trajectory, showcasing a rise in home sales, increased average prices, and steady market demand. With 530 homes sold, the market proved resilient, balancing competitive pricing and efficient transactions. While the luxury market saw minor recalibration, the overall landscape remained favorable for both buyers and sellers, reflecting a vibrant and stable housing environment.

Homebuyers’ Perspective

Homebuyers in 2014 encountered both opportunities and some challenges. The modest rise in inventory, bolstered by 242 new construction homes, provided a wider selection of modern and family-oriented properties. Pricing trends showed an overall rise in average prices, signaling market appreciation, yet there were still viable entry points, with homes starting as low as $127,900.

Mortgage rates, slightly elevated at 4.31%, posed a mild affordability challenge, but they remained historically low, creating a still-favorable borrowing environment. Buyers needed to act decisively in a market with homes averaging just 76 days on the market while working with knowledgeable agents to secure competitive properties.

Home-Sellers’ Perspective

For home sellers, 2014 presented prime opportunities to capitalize on rising property values and high buyer demand. With average sales prices climbing to $402,382 and 97.34% of listing prices consistently achieved, sellers enjoyed significant leverage in transactions. Homes with unique or modern features, such as pools or ample square footage, were particularly sought after, allowing sellers in these niches to maximize their returns.

Although the average days on market increased slightly, it remained competitive, enabling sellers to secure solid offers within a reasonable timeframe. Efficient pricing and skilled marketing strategies continued to be key for sellers to stand out and achieve optimal results.

Final Thoughts

The 2014 Prosper, TX real estate market offered valuable opportunities for buyers and sellers alike. By staying informed and using the market’s strengths to their advantage, participants were well-poised to achieve their real estate objectives in this dynamic market.

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

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

The data above is just the beginning. This glimpse into the Prosper, Texas real estate market outlines trends but doesn’t capture the full picture. To truly understand the city’s housing market, you’ll need specific insights like zip code analyses, neighborhood breakdowns, and school-district-focused data. Historical trends and comprehensive analyses arm both homebuyers and home sellers with the tools they need to make decisions confidently.

The insights on this page represent just a small part of the comprehensive real estate services I provide to my clients. Whether you’re a buyer aiming to find your dream home or a seller looking to maximize your property’s value, I provide data-backed strategies tailored to your goals.

Reach out today—I’d love to help you achieve success in Prosper’s vibrant housing market!

Meet Your Trusted Realtor and Mortgage Expert in Prosper, Texas!

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 homebuyers and home-sellers navigate the exciting real estate landscape in Prosper, 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 Prosper, Texas! Call/text 214-940-8149

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

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

The 2013 real estate market in Prosper, Texas witnessed remarkable growth and activity. With 519 single-family homes sold, this year marked increased buyer engagement and larger inventory availability. From dynamic price ranges to outstanding market efficiency and high-value luxury properties, this analysis captures the key insights that shaped the market landscape in 2013.

Total Homes Closed

The year ended with the successful closure of 519 single-family homes, a substantial 37% increase in sales over 2012. Among these sales, buyers showed a strong affinity for the 221 new construction homes, while 72 homes featured private pools, highlighting desirable amenities.

Property Pricing Insights

• Minimum Price: $85,000
• Maximum Price: $1,900,000
• Average Price: $370,029
• Median Price: $355,000

The higher maximum price and average price both showcase increased demand across all price levels.

Property Size and Features

• Bedrooms: Homes ranged between 2 and 6 bedrooms, with an average of 4 bedrooms.
• Bathrooms: Properties featured 1 to 8 bathrooms, while the average home included 4 bathrooms.
• Square Footage: Total living areas ranged between 882 sq. ft to an expansive 9,451 sq. ft., with the median size being 3,541 sq. ft.
• Lot Sizes: Properties ranged from compact city lots to a vast 10-acre wooded estate.

Market Dynamics

• Days on Market (DOM) averaged only 67 days, representing a significant improvement in sales speed compared to 87 days in 2012.
• ClsPr/LstPr ratio rose to 98.46%, reflecting improved alignment between listing and closing prices.
• ClsPr/OLP ratio increased to 97.45%, indicating accurate initial pricing strategies.
• Average Price per SqFt climbed to $105.25, showcasing an appreciation in property value.

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 Prosper, TX in 2013

The 2013 real estate market in Prosper, Texas demonstrated substantial growth and resilience, driven by higher sales volumes, rising prices, and faster transactions. With 519 homes sold, an increase of 37% from the previous year, the market was vibrant and efficient. Buyers benefited from diverse options ranging from modest starter homes to luxurious estates, while sellers enjoyed strong demand and competitive pricing.

Homebuyers’ Perspective

The increased inventory in 2013 provided homebuyers with a mix of opportunities and challenges. The market offered a wider range of properties, with new construction homes and luxury options becoming more available. However, the rise in average home prices to $370,029 meant buyers needed to act decisively, especially with homes spending an average of just 67 days on the market.

While mortgage rates increased slightly to 4.16%, the market’s competitiveness and varied inventory ensured buyers could still find properties suited to their needs. Whether seeking starter homes or expansive estates, buyers benefited from a dynamic market ready to accommodate a variety of preferences. Strategic planning and the guidance of an experienced realtor could make the process smoother and help secure the best opportunities.

Home-Sellers’ Perspective

For home sellers, 2013 was a golden year to put properties on the market. With demand at a peak and homes selling faster than in 2012, sellers had the upper hand. The improved close price to listing price ratio of 98.46% reflected the accurate pricing strategies being employed, while the uptick in property value, as seen in the average price per square foot of $105.25, favored seller returns.

The luxury market also soared, with properties like the record-breaking $1.9 million estate showcasing the appetite for premium homes. Sellers who leveraged this demand and effectively highlighted their property features were able to capitalize on the year’s market trends. Engaging a realtor with a deep understanding of the local market could further amplify these advantages, ensuring properties received maximum exposure and competitive offers.

Final Thoughts

Overall, 2013 in Prosper, TX was a year of opportunity for both buyers and sellers. With careful planning, an informed approach, and expert guidance, participants in the market were well-positioned to achieve their real estate goals.

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

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

The data above is just the beginning. This glimpse into the Prosper, Texas real estate market outlines trends but doesn’t capture the full picture. To truly understand the city’s housing market, you’ll need specific insights like zip code analyses, neighborhood breakdowns, and school-district-focused data. Historical trends and comprehensive analyses arm both homebuyers and home sellers with the tools they need to make decisions confidently.

The insights on this page represent just a small part of the comprehensive real estate services I provide to my clients. Whether you’re a buyer aiming to find your dream home or a seller looking to maximize your property’s value, I provide data-backed strategies tailored to your goals.

Reach out today—I’d love to help you achieve success in Prosper’s vibrant housing market!

Meet Your Trusted Realtor and Mortgage Expert in Prosper, Texas!

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 homebuyers and home-sellers navigate the exciting real estate landscape in Prosper, 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 Prosper, Texas! Call/text 214-940-8149

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

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

The 2011 real estate market in Prosper, Texas showed an increase in activity and intriguing market dynamics compared to the prior year. With 279 single-family homes sold, representing a 21% jump in sales volume, the market offered varied opportunities for buyers and sellers. This analysis explores key data points, trends, and the implications of market shifts to give you a clearer picture of what 2011 brought to Prosper’s housing sector.

Total Homes Closed

A total of 279 single-family homes closed in Prosper in 2011, marking a 21% rise from 2010’s total of 231 homes. This increase could signal greater buyer confidence and activity in the market.

New Construction Homes: 157 new homes were sold, illustrating a significant 78% increase from the prior year and underscoring the city’s focus on growth and development.

Homes with Pools: 41 properties featured pools, slightly fewer than the previous year but still a notable option for buyers seeking luxury amenities.

Property Pricing Insights

• Minimum Price: $98,000
• Maximum Price: $1,499,000
• Average Price: $347,939
• Median Price: $310,000

The year witnessed diversification in pricing, with both entry-level affordability and record-breaking luxury transactions shaping the market’s trajectory.

Property Size and Features

• Bedrooms & Bathrooms: On average, homes featured 4 bedrooms and 4 bathrooms, maintaining similarities to the previous year.
• Square Footage: Properties ranged from 1,355 sq. ft. to 11,950 sq. ft., with an average of 3,659 sq. ft., slightly higher than in 2010.
• Lot Size: Lot sizes remained similar, with the largest lot at 5.625 acres, indicating a balance between urban and suburban appeal.

Market Dynamics

• Days on Market (DOM): The average DOM was 93 days, a marginal improvement from 97 days in 2010.
• ClsPr/LstPr & ClsPr/OLP Ratios: The average close price to listing price ratio was 95.58%, reflecting a slight dip from 96.82% in 2010. The close price to original listing price stood at 92.10%, indicating sellers were adjusting initial pricing more frequently.
• Average Price Per Square Foot: $93.64, signaling a slight drop in price relative to property size compared to the prior year ($96.47).

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 Prosper, TX in 2011

The 2011 real estate market in Prosper, Texas presented unique opportunities and challenges for both homebuyers and home-sellers.

Homebuyers’ Perspective

For homebuyers, the year offered a significant range of options, from affordable starter homes to high-end luxury properties. The increase in new construction sales delivered an appealing variety for buyers seeking modern homes. With mortgage rates at an average of 4.65%, affordability was within reach for many, though rising gas prices and other economic factors required buyers to carefully assess their budgets. Faster market turnover emphasized the need for quick decision-making to secure desirable properties.

Home-Sellers’ Perspective

For home sellers, the market conditions reinforced the importance of strategic pricing. The slight dip in close price to listing price ratios and the close price to original listing price trends indicated that overpricing often resulted in price adjustments and extended days on market. However, sellers who priced appropriately benefited from efficient sales and strong demand, especially for well-maintained or luxury properties.

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

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

The data above is just the beginning. This glimpse into the Prosper, Texas real estate market outlines trends but doesn’t capture the full picture. To truly understand the city’s housing market, you’ll need specific insights like zip code analyses, neighborhood breakdowns, and school-district-focused data. Historical trends and comprehensive analyses arm both homebuyers and home sellers with the tools they need to make decisions confidently.

The insights on this page represent just a small part of the comprehensive real estate services I provide to my clients. Whether you’re a buyer aiming to find your dream home or a seller looking to maximize your property’s value, I provide data-backed strategies tailored to your goals.

Reach out today—I’d love to help you achieve success in Prosper’s vibrant housing market!

Meet Your Trusted Realtor and Mortgage Expert in Prosper, Texas!

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 homebuyers and home-sellers navigate the exciting real estate landscape in Prosper, 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 Prosper, Texas! Call/text 214-940-8149

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

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

The real estate market of 2010 in Prosper reflected a dynamic period for residential single-family homes. This analysis provides valuable insights into pricing trends, home features, and market performance, allowing us to better grasp the area’s real estate landscape. Whether you’re buying or selling property, understanding these trends is crucial to make informed decisions.

Total Homes Closed

A total of 231 homes were closed in Prosper, TX in 2010. Notably, 88 homes were new constructions, reflecting an active development market. Additionally, 48 homes featured pools, meeting the demand for lifestyle-oriented buyers.

Property Pricing Insights

• Minimum Price: $97,000
• Maximum Price: $875,000
• Average Price: $354,201
• Median Price: $325,000

Pricing data shows that while the majority of properties were in the mid-range, both entry-level and luxury homes found buyers.

Property Size and Features

• Bedrooms & Bathrooms: Most homes averaged 4 bedrooms and 4 bathrooms, making them suitable for families.
• Square Footage: Homes ranged from 876 sq. ft. to 7,262 sq. ft., with an average of 3,610 sq. ft.
• Lot Size: Though lot sizes varied significantly, most of them featured manageable spaces suitable for urban living. The largest lot was nearly 5 acres.

Market Dynamics

• Days on Market (DOM): Homes averaged 97 days from listing to closing, though the median DOM stood lower at 63 days, showing faster sales for prime properties.
• Average ClsPr/LstPr & ClsPr/OLP Ratios: Properties sold at 96.82% of their listing price on average and 93.56% of the original listing price, reflecting realistic pricing strategies by sellers.
• Average Price Per Square Foot: $96.47, a key metric for evaluating property value.

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 Prosper, TX in 2010

The 2010 real estate market in Prosper, Texas offered a range of opportunities for both homebuyers and sellers, each facing unique considerations.

Homebuyers’ Perspective

For homebuyers, the market provided a wide variety of options, from affordable homes to luxury properties. The presence of new construction homes (38% of total sales) and homes with pools catered to specific lifestyle desires. With average mortgage rates of 4.86% and homes selling quickly, buyers needed to act decisively while remaining mindful of competitive price points. The data shows that smart decisions were rewarded, especially for those who focused on well-priced properties with added value.

Home Sellers’ Perspective

For home-sellers, the high close price-to-list price ratio (96.82%) reflected a market where realistic pricing strategies often led to successful outcomes. This efficiency, coupled with the median days on market at just 63 days, demonstrated that properly prepared and marketed homes could sell quickly. However, overpricing posed risks, as indicated by the slightly lower close price-to-original listing price ratio (93.56%). Sellers who accurately gauged buyer demand and aligned their expectations with market dynamics reaped the maximum rewards.

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

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

The data above is just the beginning. This glimpse into the Prosper, Texas real estate market outlines trends but doesn’t capture the full picture. To truly understand the city’s housing market, you’ll need specific insights like zip code analyses, neighborhood breakdowns, and school-district-focused data. Historical trends and comprehensive analyses arm both homebuyers and home sellers with the tools they need to make decisions confidently.

The insights on this page represent just a small part of the comprehensive real estate services I provide to my clients. Whether you’re a buyer aiming to find your dream home or a seller looking to maximize your property’s value, I provide data-backed strategies tailored to your goals.

Reach out today—I’d love to help you achieve success in Prosper’s vibrant housing market!

Meet Your Trusted Realtor and Mortgage Expert in Prosper, Texas!

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 homebuyers and home-sellers navigate the exciting real estate landscape in Prosper, 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 Prosper, Texas! Call/text 214-940-8149

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

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