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.