WATERVIEW REAL ESTATE MARKET UPDATE

Waterview...where life is an adventure!  Waterview is one of DFW's only vacation style master planned communities.  More than just a neighborhood, Waterview is home to a  21-hole championship golf course, stocked catch and release lakes, parks, playgrounds, tennis courts, a private water park and a true sense of community among its residents. Waterview is by far one of the most desired master planned community in the Dallas area.

Waterview Market Stats Waterview Home Values 

Waterview Market Watch

Market Data for April 2024 Year Over Year

Homes 

For Sale: 

19


Up 216.7% YOY

Avg Days On Market: 26

Up 188.9% YOY

# Homes Sold: 

6

Up 100% YOY

Average Sales Price:  $439,800


Up 21% YOY

Waterview Real Estate Market Update

Welcome to the Waterview Real Estate Market Update, your essential guide to navigating the vibrant housing landscape of Waterview, Rowlett, TX. As we delve into the latest market trends, we'll uncover the dynamic shifts in property values, listing activities, and overall market health that shape opportunities for sellers and buyers alike. With home values appreciating remarkably and the market showing vigorous activity, this update serves as a crucial tool for anyone considering making a move in Waterview. Whether you're thinking about selling your property or simply keeping an eye on local trends, our comprehensive analysis will provide you with the insights needed to make informed decisions in this flourishing real estate market.

Median Estimated Home Value:

As of April 30, 2024, the median estimated home value in Waterview stands at $485,000, reflecting a robust increase of 7.04% over the last 12 months. The area has seen significant growth over the past few years, with a staggering rise of 24.33% in home values over the last 24 months. This trend highlights Waterview as a rapidly appreciating neighborhood, which could be advantageous if you're considering selling your home soon.

 


Market Dynamics

New Listings:

In the last quarter, 10 new properties were listed, showcasing a diverse range of homes, from luxurious 6-bedroom estates to more modest 3-bedroom family homes. The listing prices ranged significantly, reflecting the diverse appeal of the neighborhood.

Sales Activity:

10 properties have closed in the recent period, with sales prices echoing the healthy demand in Waterview. Notable sales include a spacious 5-bedroom home that sold for $575,000, underscoring the area's high-value potential.

Price Trends

Median List Price

Currently, the median list price is slightly higher than the median home value at $550,000, which is a 13.74% increase over the last month. This slight premium on list prices indicates a seller's market where homes might fetch competitive offers.

Recent Price Adjustments:

There have been several price adjustments, suggesting that while the market is strong, pricing correctly remains crucial. One notable adjustment was a reduction from $730,000 to $639,990 on a luxury property, showing that even high-end homes need to be competitively priced.

Market Health Indicators

Distressed Properties: 

There is currently 1 distressed property (foreclosure), which can affect market dynamics but is not significant enough to destabilize overall property values.

What This Means for You as a Waterview Homeowner

The current market conditions in Waterview represent a fantastic opportunity if you're considering selling your home. The appreciation in home values, coupled with a healthy sales rate and the low presence of distressed properties, creates an ideal environment for sellers looking to maximize their investment.

Given the active market dynamics and consistent property value appreciation, now might be a strategic time to list your home if you're seeking to capitalize on the upward trend. However, it's also essential to price your home competitively to attract serious buyers quickly.

For personalized advice and to discuss the best strategy to market your home effectively, don't hesitate to get in touch with our expert team. We're here to help you navigate the market and achieve the best possible outcome for your home sale in Waterview.

Source:  North Texas Real Estate Information Service, NTREIS Trends ©2024; RPR Realtors Property Resource®, LLC ©2009-2024; Information deemed reliable, but not guaranteed.

Homes For Sale in Waterview

Life is an Adventure...

Located in Rowlett, Texas, the Waterview neighborhood offers a unique and adventurous lifestyle. As one of Dallas' only vacation-style master planned communities, it offers residents a sense of community and a multitude of activities. Waterview is more than just another subdivision. Residents are enjoy a vast array of privileges, including access to outdoor tennis courts, a variety of neighborhood parks, several stocked catch and release lakes, as well as one of the largest private water parks in Dallas.

Located just off the shores of Lake Ray Hubbard, Waterview is a residential playground that offers an 725 acre Graham Panks 18-hole golf course, a 3-hole training course, a private waterpark with two water slides, a spray park, Jr. Olympic-sized pool, and two kiddie pools, 14 neighborhood parks and playgrounds, tennis courts, walking trails, catch-and-release fishing lakes, a clubhouse, party pavilion, a gazebo in the park, and much more. Located just minutes from the President George Bush Tollway, Interstate 30 and Lake Ray Hubbard, the Waterview community is easily accessible and conveniently located to top rated schools, shopping, restaurants and entertainment venues.  

With more than 1750 homes, Waterview offers an array of real estate opportunities for every stage of life.  Home prices in Waterview range from the mid $300's to the high $600's with almost 1/3 of the homes situated on the golf course. The neighborhood boasts extensive landscaping along the parkways and Liberty Grove Road, an on-site management team, and a true sense of community. If you're looking for a residential playground that offers a unique and adventurous lifestyle, Waterview in Rowlett, Texas is the place for you.

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