Prosper TX New Construction Home Report? Here's the market update for September 2017
New Home Sales in Prosper in September 2017
September 2017 Prosper New Home Sales recorded 29 sales. The cheapest new home was sold for $314,000 and the most expensive new home was sold for $890,000. The smallest home sold was 2,100 sq. ft. and largest home sold was 5,400 sq. ft. in size. The average sales price for new homes in Prosper in September 2017 was $151 per sq. ft. compared to $141 per sq. ft. for resale homes. Average days on market for new homes was 115 days.
Low inventory of resale homes has builders scrambling to keep up with the demand. Builders don’t even have many spec homes to sell, most are under contract.
Families relocating from California and working from Toyota in Plano are buying homes in Prosper due to low prices compared to property values in Frisco & McKinney. For last few years now new home sales have been growing in Prosper Texas because the town is only 35 minutes from where Toyota, JPMorgan Chase and Liberty Mutual Insurance are locating thousands of new jobs.
Sales year to date (YTD)
Overall, 226 new Prosper ISD homes have been sold so far this year (October 2017). Some of the subdivisions include:
Fairways of Gentle Creek
Lakes of La Cima
Lakes of Prosper
The Commons at Artesia
Parks at Legacy
The most active subdivisions with new Prosper TX home sales are:
Commons at Artesia
Parks at Legacy
Village At Prosper Trail
Top Prosper TX New Home Builders selling homes from $282,000 to $854,000 are:
David Weekley Homes
Drees Custom Homes
Dave R. Williams Homes, L.P.
First Texas Homes
Prosper is an affluent suburban town located in Collin and Denton counties
Prosper was named in the D Magazine 2010 Best Suburbs List as the 5th Best Suburb in the Dallas Metropolitan Area
The unemployment rate in Prosper is 3.60 percent(U.S. avg. is 5.20%). Recent job growth is Positive. Prosper jobs have Increased by 3.09 percent.
COST OF LIVING
Compared to the rest of the country, Prosper's cost of living is 46.10% Higher than the U.S. average.
As of 2014, Prosper's population is 15,967 people. Since 2000, it has had a population growth of 1,468.47 percent.
Average Commute time is 32 minutes. The National Average is 26 minutes.
The median home cost in Prosper is $447,600. Home appreciation the last 10 years has been 37.59%.
Prosper public schools spend $9,772 per student. The average school expenditure in the U.S. is $12,383. There are about 15.2 students per teacher in Prosper.
Are you a first time new construction home buyer in Prosper, TX? If so, make sure you take good note of the above market information. By taking into account these market statistics, buying your first new build home in Prosper TX will be much easier and less stressful! If you have not selected a top Prosper, TX Realtor to represent you in your home purchase, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!
If you are planning to relocate to Prosper TX area including McKinney TX and are planning to explore cities like Celina,TX, Plano TX, Frisco TX or Southlake TX, contact us. Our excellent Prosper Real Estate Services provided by top Prosper Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent
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