Coppell has seen a lot of interest from interested home buyers relocating to Dallas metro area from cities like Florida, Atlanta, San Francisco, Los Angeles, Chicago and other parts of the country. In fact, if you are considering buying a home here, you’ll want to work with a local real estate agent that knows the market well. Coppell is a smaller community that’s growing in size due to new development and new construction overall. Some of the popular new home builders in Coppell include Toll Brothers, David Weekley, Plantation Homes, Pulte Homes and CalAtlantic Homes. The area has plenty of amenities to offer, a fantastic location - close to DFW airport and central to DFW metroplex, and plenty of good schools and local programs. It is no wonder, then, that this portion of Texas is one that many are considering buying a home in.
Taking a Look at the Numbers
One of the best ways to determine if a community is right for you in terms of investment potential is to simply look at the factors and figures related to the real estate market. For example, the median sale price of homes in Coppell as of October of 2016 was $367,000 whereas the median sales price of homes in Coppell as of October 2017 is $450,500. This shows growth from $150 per square foot to $164 per square foot - a significant amount of recent growth.
What if you are not sure if you should buy or rent a home here? The average rent for a single-family home in Coppell stood at $1,362 per month during this time. Rental rates are on their way up, too. They’ve grown by 8% in the last year. Often, it’s better to see your home’s value rise over time rather than seeing your rent rise. For many buying here just makes better sense.
To get into this competitive market, buyers should take into consideration working with a local Coppell real estate agent. With the right support, you’ll have no trouble finding an ideal home.
About us: If you are planning to relocate to Dallas TX metro area and are planning to explore cities like University Park, TX, Dallas TX, Frisco,TX, Plano TX, Coppell TX or Southlake TX to buy a new construction home, contact us. Our excellent Frisco Real Estate Services provided by top Frisco 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