Lewisville, TX Real Estate News

By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Lewisville Texas First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner  and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renewBuying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Lewisville TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value th...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
There are many benefits to a pre-approval and not a pre-qualification for Lewisville,TX Home Loans.   Many consumers are not informed on the proper way for BUYING A HOME. Of course this is a big question that can stressful or enjoyable, it just depends on the steps you take in theHOME BUYING PROCESS for Lewisville,TX Home Loans and the surrounding areas. You must take the steps necessary to educate yourself on your buying power, take some time to think about your lifestyle choices, and the initial investment. Each of these will be discussed in this article.  Education The steps necessary to purchasing a home in Lewisville, Texas starts with getting pre-approved for your HOME LOAN. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should c...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
 Take advantage of the special Government Home Rehabilitation Loan Program with Lewisville, Hills FHA 203K Home Loans.   The Federal Housing Administration (FHA) offers a special government loan program that a lot of people are not aware of. Existing home owners or potential home buyers can remodel and update their homes without having a higher cost second lien because of this FHA loan program.     However, this loan program doesn't allow for items in your home such as a swimming pool, hot tub, or other accessories. Repaint, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances and flooring and even a add a room to an existing structure (which will increase the value of the homes square footage).     This loan program has many advantages but one of the biggest i...
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By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
 There are many benefits to a pre-approval and not a pre-qualification for Lewisville,TX Home Loans.   Many consumers are not informed on the proper way for BUYING A HOME. Of course this is a big question that can stressful or enjoyable, it just depends on the steps you take in theHOME BUYING PROCESS for Lewisville,TX Home Loans and the surrounding areas. You must take the steps necessary to educate yourself on your buying power, take some time to think about your lifestyle choices, and the initial investment. Each of these will be discussed in this article.  Education The steps necessary to purchasing a home in Louisville, Texas starts with getting pre-approved for your HOME LOAN. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should ...
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By Susie Kay, North Dallas Specialist
(Ultra Real Estate Dallas Fort Worth)
LEWISVILLE SINGLE FAMILY RESIDENTIAL   SALES CLOSED MAY 2017            SOLD VOLUME   $42,630,396 NUMBER OF SALES     132 MEDIAN PRICE  $265,000         AVERAGE DAYS ON THE MARKET    0 - $100K   NONE  $101K - $150K   2 $151K - $200K 10 $201K - $300K 12 $301K - $500K   25 $501K - $750K     56 $751K+   45         PERCENT OF SALES BY PRICE RANGE    0 - $100K   NONE  $101K - $150K   0.80% $151K - $200K  12.10% $201K - $300K  52.30% $301K - $500K  25.80% $501K - $750K  5.30% $751K+ 3.8%  3.80% ***ALL INFORMATION OBTAINED FROM NTREIS  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
January 2017 Real Estate Market Summary for Lewisville, TX (MLS Area 41)   Month Year to Date   2017 2016 % Change 2017 2016 % Change New Listings 429 336 -21.7 429 336 -21.7 Closed Sales (Reported) 233 216 -7.3 233 216 -7.3 Closed Sales (Projected) 233 243 4.2 233 243 4.2 Listings Under Contract 332 319 -3.9 332 319 -3.9 Average Sales Price $338,400 $344,941 1.9 $338,400 $344,941 1.9 Median Sales Price $275,500 $281,750 2.3 $275,500 $281,750 2.3 Percent of Original Price Received 96.7 97.3 0.7 96.7 97.3 0.7 Days on Market Until Sale 46 45 -2.0 46 45 -2.0 Inventory of Homes for Sale 715 541 -24.3       Months Supply of Inventory 1.8 1.3 -23.8       This month there were 216 home sales recorded, and this was a fall of 7.3% from the same month last year. Year to date there was a decline ...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
December 2016 Real Estate Market Summary for Lewisville, TX (MLS Area 41)   Month Year to Date   2016 2015 % Change 2016 2015 % Change New Listings 267 246 -7.9 5990 5681 -5.2 Closed Sales (Reported) 399 344 -13.8 4815 4812 -0.1 Closed Sales (Projected) 399 387 -3.1 4815 4855 0.8 Listings Under Contract 274 235 -14.2 4904 4774 -2.7 Average Sales Price $345,537 $316,483 -8.4 $311,898 $332,525 6.6 Median Sales Price $270,000 $273,950 1.5 $270,000 $285,000 5.6 Percent of Original Price Received 97.1 97.8 0.7 98.3 98.3 0.0 Days on Market Until Sale 44 37 -15.6 35 37 5.6 Inventory of Homes for Sale 706 585 -17.1       Months Supply of Inventory 1.8 1.5 -17.1       In December 2016 there was a drop of 13.8% in the number of residential property sales in Lewisville compared to the same month ...
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By Chris Hutchinson, Agent Listing and Selling In Lewisville area
(The Michael Group)
Everyone has heard that it is more difficult to sell your home in the winter than the summer months.  Well that may be the case in some years but what people fail to take into account is market trends for areas.  Well this year if you are in Denton County Texas, that includes Lewsiville, Flower mound Carrollton, Highland Village it may just be one of those years where the trends are making it a good time to sell.   Check out the trends   Breaking this down shows last yearIn June 2015 an average house was on market for 35 days, but in December of the same year the average house on market was only 25 days. Last year there was a huge advantage to selling in the winter verse the summer.   This year the trend is promising as well. June of 2016 the average house was on the market for 11 days ...
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
Home sales in the Willow Grove subdivision in the city of Lewisville are at 25 homes sold for 2015. These houses were built in between 1996 and 1998. The average housing sale in the Willow Grove subdivision was $213,585. The lowest price was $170,000, and the highest was $276,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
Home sales in the Whispering Oaks subdivision in Lewisville are at 14 houses sold for 2015. The houses sold were built between 1994 and 1997. The average housing sale in the Whispering Oaks subdivision was $195,714. The lowest sales price was $150,000, and the highest was $270,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
The Valley Vista subdivision home sales have reached a total of 43 homes in 2015. The age range of the homes sold is between 1994 and 1999. Valley Vista homes have an average price of $231,273, the lowest price at $150,000, and the highest at $325,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
In the Timbercreek Estate subdivision, Lewisville, there have been 9 homes sold in 2015. The houses sold were made in between the years 1978 and 1985. The average home sale in the Timbercreek Estate subdivision was $147,722. The lowest price was $124,000, and the highest was $174,995.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
In the Timberbrook subdivision, Lewisville, there have been 16 homes sold in 2015. The age range of these homes is between the years 1985 and 1994. A house in the Timberbrook subdivision went for $170,563 on average. The lowest selling price was $137,000, and the highest was $188,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
The Timber Valley subdivision housing sales are at a total of 5 houses this year. The homes sold were built between the years 1997 and 2000. The average price for a home in the Timber Valley subdivision was $183,700. The lowest selling price was $172,500, and the highest was $193,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
There have been 8 houses sold in the Timber Hill subdivision in Lewisville. These houses were constructed between 1985 and 1992. The average housing sale in the Timber Hill subdivision was $238,638, the lowest selling price at $210,000, and the highest at $286,100.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
The Sylvan Creek subdivision home sales are at a total of 20 houses this year. The age range of these houses is in between 1994 and 1995. A house in Sylvan Creek went for $166,040 on average, the lowest sales price at $118,000, and the highest at $205,100.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
There have been 3 homes sold in the Summit Ridge subdivision in Lewisville. The age range of these houses is between 1998 and 1999. The Summit Ridge subdivision houses have an average price of $238,000. The lowest sales price was $192,000, and the highest was $272,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
Housing sales in the Southridge subdivision in Lewisville have reached 18 homes sold for 2015. These houses were constructed in between 2007 and 2012. A house in the Southridge subdivision sold for $235,874 on average. The lowest sales price was $192,500, and the highest was $289,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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By Bob Baesmann, DFW Team Realty | 972-978-8800
( DFW Team Realty)
Housing sales in the Rockbrook subdivision in Lewisville have reached 27 houses sold for 2015. The age range of these houses is in between the years 1999 and 2000. The average home sale in the Rockbrook subdivision was $241,038, the lowest sales price at $219,900, and the highest at $258,000.Click Here for the full report. Lewisville Texas Real Estate Reports Register online for monthly updates on your city and neighborhood homes information, automatically emailed to you.  
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