How are Timber Lake home sales?
The Timber Lake subdivision is located in Tarrant county in Southlake, TX. Timber Lake is an upscale master planned community in Southlake.
With its heavily wooded lots and custom designed homes, this community's secluded neighborhood environment sets it apart from the rest. Timber Lake has a long list of resident-only luxuries, including a picturesque lake and winding jogging trails. The Amenities Center boasts a junior-sized Olympic pool with his and her bath houses, private playgrounds, lighted tennis courts, and a basketball court. Timber Lake also has a rustic picnic area, where families can enjoy quiet moments together in the great outdoors.
Located in Southlake, these residents have quick access to a wealth of business and recreational centers. It is close to Las Colinas, the Dallas/Fort Worth International Airport, Alliance Airport and an abundance of area lakes. Also, Timber Lake is located within the highly-acclaimed Carroll Independent School District.
The subdivision has homes built from 1990 to 1996. The average sales price in this subdivision is $670,697 and the average home size is 3,990 sq. ft. The average lot size is .385 acres.
Lighted tennis courts
School District Carroll ISD:
Carroll Senior High
Homes for sale in Timber Lake Southlake in January 2018
As Timber Lake is a very active subdivision, I thought I would share some market data that to help both Southlake home buyers and Southlake home sellers understand the current market conditions better. There is currently one home listed for sale at price of $699,000.
The first graph I have included shows all sales activity from 2007 to present. As you might expect, sales were strong from the beginning, however at about the time of the national real estate crisis prices started to decline until 2010 when they started increasing until present.
From data supplied by the North Texas MLS (NTREIS) the following statistics reflect sales activity from Jan of 2007 to December of 2017:
Median Sales Price
The median sale price of all homes sold during this 12 month period was $670,697.
Average Price Per Square Foot
The median price per square foot of all homes sold from January of 2017 through December of 2017 was $168.60.
Average Days on Market
On the average it took approximately 34 days, or just over 1 months, to sell a home in the Timber Lake neighborhood.
Average Sale Price to List Price Ratio
97.9% - This means that the final sale price was approximately 97.9% of the final list price before going under contract.
Number of Sales in Past 12 Months
There were approximately 35 homes that sold over the past 12 months.
Timber Lake Southlake Homes For Sale Inventory Levels
At the time of this writing there was 1 active listing.
As I noted previously the Timber Lake neighborhood is a popular area in Southlake and the above statistics reflect all sales. Certain price ranges may reflect different numbers.
As an example, as the size of the home increases the price per square typically goes down, if all else is equal, so the average price per square foot for a certain price range home may vary. There are a wide range of variables in this area with some homes being closer to the golf course or larger lots and others being on garden home size lots.
If you have any questions about sales in the Timber Lake subdivision in Southlake or you need a home Southlake Texas Home Valuation, feel free to get in touch with me.
How to get your Southlake Texas home SOLD fast with no stress for the most amount based on market?
Choose a Realtor you can trust
Price it right
Make sure your home shows well
Remove all the roadblocks from showing your home to potential buyers
It takes more than just these four suggestions but if you do the first one (choosing the right Realtor), you'll be in great hands!
If you are thinking about selling your Southlake TX home and would like to find out the market value, you can use this link to get a FREE home evaluation. You can also call or text me at 469-269-6541 or visit www.NitinGuptaDFW.com
Top Southlake New Home Builders are selling homes in price range of $390,000 to $1558,000:
J Houston Homes
David Weekley Homes
First Texas Homes
History Maker Homes
Ashton Woods Homes
K. Hovnanian® Homes
Get an Advantage
How can both buyers and sellers have an advantage in the Southlake Texas real estate market? Employ the services of a Southlake real estate agent who has vast knowledge and experience of the market.
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The above information regarding the “Timber Lake Subdivision Southlake, TX -Subdivision & Homes For Sale Report" was provided by Nitin Gupta, GRI, 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. Learn more about Southlake real estate market and Tarrant County Real Estate news at http://www.nitinguptadfw.com/southlake-realtor-new-homes-real-estate
The communities he proudly serves include University Park, Coppell, Frisco, Flower Mound, Southlake, Grapevine, Keller, Plano & Colleyville.