November 20, 2017 by Nitin Gupta, GRI, REALTOR
Home values are soaring in the Southlake 76092 zip code.
It's an active segment of the Southlake real estate market, and buyer behavior suggests it's popularity is still very strong.
The following report with tables and graphs will allow you to examine home prices, home values, and home sizes in the 76092 zip code. Also we have shared a table of the 200 most-recent closed home sales in the 76092 zip code.
For each of the three real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).
It is important to note that the narrative contained below is through the end of the year for all past years, and through November in 2017. Note that the graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in the 76092 zip code).
76092 Home Sales
The following chart shows the number of homes sold for last 3 years. As you can see, the sales continue to trend upwards for last few years after the dip in sales in 2009.
76092 Home Prices
Currently, homes in the 76092 zip code are priced anywhere from as high as $3.75M down to one home that is offered below $299,000! Needless to say, home prices range greatly in this popular zip code.
The importance of working with a highly skilled real estate buyer's agent becomes very obvious when you begin to negotiate for a home. Don't end up losing tens of thousands of dollars because you didn't make the effort of first hiring the best agent available!
The average home price in the 76092 zip code has reached $810,700, which is highest ever recorded in last 10 years! Activity remains very strong here as roughly 591 homes for sale in the 76092 zip code are already under contract and 191 homes are available for sale in November 2017.
76092 Home Values
Homes in the 76092 zip code are appreciating consistently, averaging 4.47% per year since the beginning of 2007.
With demand for this area only growing, expect this pace to continue for several more years. I suspect we will see all-time high values within the next 12 months!
An existing-home investment in the 76092 zip code right now is smart, as all the new homes being built here over the next ten years will be on smaller parcels of land and at far higher values. Carillon in Southlake is an example of a new development that has considerably smaller lots. Expect to see the median price in 76092 double over the next ten to twelve years. A prudent buyer today can significantly beat the market by ensuring a focus on location and the quality of the parcel beneath the home.
How Big Are 76092 Homes?
The average home size sold in the 76092 zip code typically falls in a range of 4,600 square feet, and sizes in 2017 are towards the top end of this range.
The 596 homes sold in the 76092 zip code thus far in last 12 months have averaged 4,200 square feet.
How To Be A Smart Homebuyer In 76092
The key to buying smart is to use a well developed plan of action. We have helped thousands of people buy a home in Tallahassee, and we have developed a smarter way to buy a home that saves our customers money. Try it and see why our past buyers rave about our better way to buy a home!
Home Sales In The 76092 Zip Code
The following table includes the most recent 200 home sales in the 76092 zip code.
This concludes our November 2017 update on the real estate market in the 76092 zip code, please feel free to give us a call at (469) 269-6541 or drop us a note if you have questions not covered in this report.
Inventory in the Southlake 76092 area is stable, with 191 active homes. Subdivisions with most active homes include:
There are 34 additional homes pending sale with most of the pending homes listed below $1,500,000.
There are many other “off-market” properties coming available. Inquire if you would like to know before they list!
Master Bath of Most Expensive Home Sold So Far in Southlake Texas in 2017
Map of Luxury Southlake Texas Homes Sold in 2017
Centrally located in the DFW metroplex Southlake is a premium local to live and play. With convenient access to DFW Airport, dining, entertainment, shopping and major employment centers, this community keeps you and your family connected.
Southlake fosters a sophisticated, well-kept, neighborly environment for you to call, home. Come visit Southlake for yourself and walk-through one of our stunning homes today.
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The above information regarding the “Southlake Texas Real Estate Market Report – New Home Builder Spotlight - Carillon by Our Country Homes in Southlake ” was provided by Nitin Gupta, REALTOR. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he would love to share his knowledge and expertise.
The communities Nitin proudly serves include University Park, Coppell, Frisco Flower Mound, Southlake, Grapevine, Colleyville.