BranchBUZZ.com Report on Home Values in Farmers Branch

WHAT IS YOUR HOME WORTH?

(download the full version)

The state of the Farmers Branch 2010 single-family real estate market continued its decline from a bad 2009.  The average sales price for single-family homes in Farmers Branch in ’10 was $148,569 which is almost the same as ’09 average price.  However, the number of homes sold in ’10 is down by over 12% to only 211 homes.  The inventory, or number of homes “For Sale,” is also down, but the Average Days-on-the-Market for a home is up to 81 days average for the year.

There are some faint signs that the Spring market may be slightly better.  It is always hard when one is in the maelstrom to know exactly when the bottom has been hit.  In the larger picture of Texas – population continues to grow and signs of job growth are appearing.  Texas is poised to be one of the states leading the housing recovery.  Farmers Branch is fortunate to not have a vast supply of foreclosed properties that need to clear the market before “normalcy” can prevail.  Interest rates are still extremely low and should be a factor in producing home sales for well qualified buyers.

When the housing market is on a roller coaster ride, experienced real estate professionals are more necessary than ever.  Having practiced real estate during the bust of the ‘80’s, the B’s have no fear that the housing market will survive this “down turn.”  It takes more determination, persistence, and more innovative thinking to accomplish the goal of selling your property.  The only way to really know the potential value of your home is to have the B’s complete an Adjusted Price Comparison and a Comparative Market Analysis.  If you are thinking about selling, the B’s will be happy to assist you with analyzing changes to your home that will potentially increase its marketability for the least cost.

The B’s – Cassie & Gene Bledsoe are among the top agents in the Metroplex and for seven years in a row, they have sold more homes in the Branch than any other agent.  In this difficult market, please consider using the B’s to assist with your next real estate transaction. They know and love Farmers Branch and are anxious to assist you!  Please give them a call.

2010 BranchBUZZ.com Home Sales Report for Farmers Branch Neighborhoods

Brookhaven

Street

Bd

Bath

SF Pool Date $/SF DOM List$ Sales$
Report Count 33 Averages 2,228 $95.71 90 $223,594 $211,615

Brookhollow and Spur

Report Count 0 Averages

Branch Crossing, New Construction after 1999

Report Count 1 Averages 3000 113.82 86 349,900 341,450

Branch Crossing, Original Homes

Report Count 5 Averages 1492 67.53 73 100,520 92,280

Chapel Glen, (Zero Lot Line Homes at Webb Chapel before LBJ)

Report Count 5 Averages 2515 102.41 108 262,600 257,000

Chapel View 2, North of Valley View & West of Webb Chapel behind FB Church of Christ

Report Count 4 Averages 1922 82.69 27 171,575 157,125

Courtyard (Zero Lot Line, Gated at Marsh & Valley View) Vineyard

Report Count 2 Averages 3501 101.71 165 353,450 352,450

Courtyard Town Homes at Brookhaven Country Club

Report Count 1 Averages 2298 104.87 50 279,900 241,000

Crestbrook, West of Marsh & South of Valley View

Report Count 8 Averages 2062 71.88 105 158,525 143,563

Crestpark & Country Club, East of Marsh & South of Valley View

Report Count 12 Averages 2088 79.13 75 172,341 163,052

Farmington Estates and Farmers Branch Lane to Josey

Report Count 5 Averages 2846 88.16 90 263,200 251,800

Good Estates, Homes Built in ’80 on Leta Mae and Danny

Report Count 1 Averages 1841 103.20 101 193000 190,000

Oakbrook Estates, North of Brookhaven CC, off Oakbrook Parkway

Report Count 3 Averages 3034 127.57 37 406,267 387,000

Sunbeck and Sunbeck Circle

Report Count 2 Averages 2887 118.91 143 334,500 317,500

Valley View Estates (Brookhaven 15) and Woodhaven/Brookline in Brookhaven

Report Count 2 Averages 3656 123.65 137 459,500 452,000

Valley View I, West of Austell to Josey

Report Count 3 Averages 1756 70.29 171 126,600 120,300

Valley View III + Veronica, Between Webb Chapel & Austell

Report Count 6 Averages 1983 67.09 37 148,783 134,117

Wooded Creek, South of Brookhaven Club, East of Marsh

Report Count 1 Averages 2280 104.82 24 239,000 239,000

2010 Home Sales Statistics for Selected Farmers Branch Neighborhoods

The B’s Sell More Homes in Farmers Branch than Any one for 7th Year in a Row*

The B’s have lived and worked in the Branch for 31 years, so they really know Farmers Branch real estate.

Why not work with the best – work with the B’s.

download the full report!

2009 Home Sales Values for Farmers Branch

 

2009 Home Sales Statistics for Selected Farmers Branch Neighborhoods

The data below shows the home sales for the year of 2009.  The B’s – Cassie & Gene Bledsoe, are pleased to provide this information to you and we hope you find it useful.  If you have questions or if we can assist you with any real estate needs, please call. 

The B’s Sell More Homes in Farmers Branch than Anyone for 6th Year in a Row*

 

The B’s have lived and worked in the Branch for 30 years so they really know Farmers Branch real estate.

Why not work with the best – work with the B’s.

Brookhaven

 

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Pebble Beach 4 2 1577 N 08/10 83.39 20 129,900 131,500  
Whitemarsh 4 2 1817 N 03/20 79.80 27 130,500 145,000  
Arawak 4 2 1676 Y 02/26 89.50 17 157,500 150,000  
Dorado Beach 4 2 1818 N 01/22 77.01 162 169,900 140,000  
Southern Pines 3 2 1722 N 08/05 102.50 08 178,900 176,500  
Dorado Beach 4 2 1818 N 05/07 89.11 11 179,000 162,000  
Tanglewood 4 2.1 2253 N 07/30 78.56 26 180,000 177,000  
La Kenta 4 2 1908 N 11/20 100.10 153 182,500 191,000  
Palmdale 3 2 2302 N 10/08 76.02 317 184,900 175,000  
Southern Pines 3 2 2128 N 05/28 89.24 06 189,900 189,900  
Whitemarsh 3 2 1892 N 09/08 97.78 410 195,000 185,000  
Pine Tree Cir 3 2 1671 N 05/26 116.70 13 199,900 195,000  
La Kenta 4 2 2311 N 12/22 87.19 263 199,900 201,500  
Tanglewood 4 3 2299 N 08/18 86.99 0 210,000 200,000  
Pebble Beach 3 2 2007 N 05/18 99.65 57 215,000 200,000  
Cherry Hills 4 2 2476 Y 05/15 82.79 240 219,000 205,000  
 Cyprus Point 4 2 1766 N 02/26 118.91 10 219,500 210,000  
Brookhaven  Club 3 2 2258 N 05/24 Zero 50 230,000 Zero  
Coral Harbour 3 2 1694 N 12/21 129.57 36 235,000 219,500  
Rawhide Pkwy 3 2 2100 N 02/16 109.81 10 249,900 230,600  
Olympic 4 3 2843 Y 03/31 87.94 39 253,900 250,000  
Apple r Valley 3 2.1 2007 Y 02/26 125.19 73 255,000 251,250  
Cherry Hills 3 3 2506 Y 05/01 104.15 13 265,000 261,000  
Olympic 4 2 2234 N 12/07 117.50 78 269,900 262,500  
Olympic  Ct 4 3 2812 Y 05/27 108.46 215 314,900 305,000  
Brookhaven Club 4 3 2797 Y 11/06 110.83 42 325,000 310,000  
Valley Hi Cir 3 3 2993 Y 07/02 111.43 241 340,000 333,500  
Roling Knoll Pl 4 2 2624 Y 09/30 130.34 154 349,500 342,000  
Braemar Dr 4 3 2946 Y 08/18 117.26 39 359,900 345,450  
Crestmoor 4 3 2845 Y 07/09 127.24 10 369,900 362,000  
Pine Valley Dr 3 2.1 3890 Y 07/07 Zero 198 449,000 Zero  
Report Count 32 Averages 2,279     101.49 101 $240,225 $233,288  

Brookhollow and Spur

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Spur Trl 4 3 2750 Y 06/12 111.82 36 335,000 307,500
Report Count 1 Averages 2750     111.82 36 335,000 307,500

 

 

Chapel Glen,  (Zero Lot Line Homes at Webb Chapel before LBJ)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Abbey 3 2 2045 N 09/29 115.40 55 239,000 236,000
Westminster 3 2.1 2451 N 10/30 105.67 73 269,900 259,000
Abbey 3 2.1 2567 Y 10/28 109.08 31 296,000 280,000
Report Count 3 Averages 2,354     110.05 53 268,300 258,333

Courtyard Town Homes at Brookhaven Country Club

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Courtyard 3 2.1 2928 N 08/26 95.29 180 279,000 279,000
Report Count 1 Averages 2,928     95.29 180 279,000 279,000

 

 

 

 

Oakbrook Estates, (North of Brookhaven)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Highland Meadow 4 3 2529 Y 07/24 106.96 116 279,900 270,500
Gatwick Pl 3 2.1 2640 N 10/22 115.70 140 320,000 305,450
Gatwick Place 3 3 2552 Y 09/28 129.90 60 339,900 331,500
Lake Country Ct 5 4 3502 N 12/16 Zero 260 359,900 Zero
Report Count 4 Averages 2,806       144 324,925 316,838

 

Wooded Creek, (South of Brookhaven Club, East of Marsh)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
 Wooded Creek 2 3 2469 N 04/14 65.61 178 164,900 162,000
Wooded Creek Dr 4 4.1 2421 Y 08/12 97.27 148 245,000 235,500
Wooded Creek C 4 4 3053 Y 09/25 106.94 95 335,000 326,500
Report Count 3 Averages 2,648     89.94 140 248,300 241,333

 

Chapel View 2,  (North of Valleyview & West of Webb Chapel)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Cinco 3 2 1642 N 08/27 78.56 137 139,000 129,000
Las Campanas 4 2 1953 N 10/29 70.40 120 139,900 137,500
Las Campanas 3 2 1814 N 11/18 95.92 108 174,000 174,000
Report Count 3 Averages 1803     81.63 122 150,967 146,833

       

Valley View I,  (Between Austell & Josey)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Eric Ln 3 2 1,488 N 03/25 61.83 182 94,315 92,000
Randy 3 2 2,235 N 06/30 40.72 60 97,986 91,000
Eric 3 2 1,353 N 08/12 76.87 33 110,000 104,000
Randy 3 2 1,542 N 11/03 73.93 43 117,500 120,000
Randy 3 2 1,542 N 08/03 85.28 245 129,900 131,500
Selma 4 2.1 2,036 N 12/23 87.18 36 189,000 177,500
Report Count 6 Averages 1,699     70.97 102 122,700 118,333

Valley View III + Veronica ( Between Webb Chapel & Austell)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Randy 4 3 2,878 Y 11/13 41.70 43 117,500 120,000
Report Count `1 Averages 2878     41.70 43 117,500 120,000

Branch Crossing, (New Construction, Pre-owned after 1999) NO SOLD THROUGH MLS

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Report Count 0 Averages              

 Branch Crossing, Original Homes

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$

Leta Mae

3 1 1,059 N 12/03 80.17 52 84,900 84,900

Marietta

3 1 960 N 06/16 94.27 127 110,000 90,500

Danny Ln

3 2 1,484 N 06/22 94.34 6 143,500 140,000
Report Count 3 Averages              

Courtyard, Marsh & Valleyview (Gated, Zero-Lots)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Vineyard Way 5 5 3,500 Y 07/03 81.69 151 300,700 285,900
Vineyard Way 3 3 3,112 N 07/15 115.68 388 365,000 360,000
Vineyard  Way 3 3 3,207 N 05/14 101.34 288 369,900 325,000
Vineyard Way 5 5 4,250 Y 07/09 85.18 9 381,150 362,000
Vineyard Way 3 4 3,357 N 02/18 119.15 591 419,000 400,000
Vineyard Way 4 3 3,564 N 05/14 112.23 68 435,000 400,000
Vineyard Way 3 4 3,751 N 10/07 111.97 415 445,000 420,000
Report Count 7 Averages 3,534     103.89 273 387,964 364,700

Good Estates, Homes Build in ’70 on Leta Mae and Danny

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Report Count 0 Averages              

Crest Park East of Marsh South of Valley View

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Rosser 3 2 1,810 N 09/03 82.87 7 149,900 150,000
Ridgeoak Way 4 2 1,842 N 10/29 82.79 61 159,000 152,500
Bllue Trace 3 2 2,027 Y 12/21 83.87 132 174,900 170,000
Kerr Trail 3 2 1,810 Y 06/15 100.50 3 179,900 181,900
Pennystone 4 3 2,341 N 12/04 78.60 26 181,900 184,000
Blue Trace 4 2 1,970 N 07/01 96.95 4 192,000 191,000
Pennystone 4 2 2,171 N 05/04 91.89 16 198,500 199,500
Blue Trace 4 3 2,391 Y 08/31 86.99 14 214,900 208,000
Report Count  8 Averages 2,045     88.06 33 181,375 179,613

 Crestbrook, (West of Marsh & South of Valley View)

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Janlyn 3 2 1,794 N 11/12 65.22 178 129,900 117,000
Veronica 4 2.1 2,020 N 10/09 56.93 69 137,500 115,000
Treeview 4 2 2,331 N 07/08 63.55 55 140,000 148,126
Courtdale 3 2 1,888 Y 07/17 72.03 6 143,000 136,000
Ridgefair Pl 2 2.1 2,125 N 07/29 70.59 92 150,000 150,000
Veronica 4 2 2,331 N 09/23 72.29 150 162,000 168,500
Treeview 3 2 2,362 N 11/20 64.78 245 168,900 153,000
Chapel View Dr 4 2 2,331 N 11/20 72.29 104 174,999 168,500
Janlyn 4 2 2,134 N 10/19 80.83 38 175,000 172,500
Courtdale 3 2 2,328 N 06/24 75.60 76 179,900 175,999
Veronica 3 2 2,026 N 06/04 86.70 29 189,000 175,650
Rockmartin 3 2 2,338 Y 11/23 81.27 6 195,000 190,000
Janlyn 3 2 2,150 N 05/28 92.09 43 199,000 198,000
Mitchwin 4 2.1 2,631 Y 01/27 86.28 82 235,000 227,000
Report Count  14   2,199     74.32 84 169,943 163,948

 Farmington Estates and Farmers Branch Lane to Josey

Street Bd Bt h SF Pool Date $/SF DOM List$ Sales$
Leta Mae 4 2 1,794 Y 07/16 84.17 60 151,900 151,000
Bay Meadows Ct 3 2 1,564 N 05/29 95.59 12 154,900 149,500
Millwood 3 2 1,959 N 07/09 89.03 29 189,000 174,400
Report Count 3 Averages 1,772     89.59 34 165,267 158,300

 Valley View Estates (Brookhaven 15) and Woodhaven/Brookline in Brookhaven

Street Bd Bt h SF Pool Date $/SF DOM List$ Sales$
George 4 3.1 3,764 Y 08/27 132.57 2 499,000 499,000Z
Glad Acres 4 4.2 5,013 Y 04/09 136.64 26 799,000 685,000
Report Count 2 Averages 4,389     134.61 14 649,000 592,000

 

 

 

 Sunbeck and Sunbeck Circle

Street

Bd Bt h SF Pool Date $/SF DOM List$ Sales$
N. Sunbeck 3 2 2,238 N 11/30 63.45 200 155,000 142,000
N. Sunbeck 3 2 2,369 N 12/28 110.81 522 299,000 262,500
Report Count 2 Averages 2,304     87.13 361 227,000 202,250

Branch Crossing – rebuilding older neighborhoods

The Dallas Morning News
In the late 1990s, long before it became the centerpiece of the national debate on immigration, the city of Farmers Branch faced up to another challenge – one that it shares with other aging cities. Its housing stock was getting old and needed to be replaced and rejuvenated.

Click Here to Read the Article

January 2009 Update

Monthly Review of the Texas Economy — January 2009 By Ali Anari and Mark G. Dotzour

The Texas economy is cooling but continues to create more jobs. Texas gained 154,600 jobs from December 2007 to December 2008, while the U.S. economy lost more than 2.8 million jobs over the same period (Table 1 and Figure 1). The state’s seasonally adjusted unemployment rate rose from 4.2 percent in December 2007 to 6 percent in December 2008 (Table 1); the U.S. rate rose from 4.9 percent to 7.2 percent during the same period.
http://recenter.tamu.edu/pdf/1862.pdf

Bold Government Action Can Solve Housing Crisis

By Bryan Pope, Associate Editor, Real Estate Center at Texas A&M University Release 03-1208
COLLEGE STATION, Tex. – Although recent government efforts to improve America’s housing markets have proven less than effective so far, noted economist Dr. Mark Dotzour says bold government action can get the market back on track. In his new white paper, the chief economist for the Real Estate Center at Texas A&M University offers a four-part solution to fixing the housing crisis, one that involves more than simply devising ways to keep people in their homes. “The housing problem is fairly easy to understand,” said Dotzour. “We have too much supply and not enough demand, and we need to reverse that.”

http://recenter.tamu.edu/news/NewsRel03-1208.pdf

’09 Outlook. Nothing Certain, But Uncertainty.

http://recenter.tamu.edu/pdf/1891.pdf

Summary of Regional Population Estimates www.nctcog.org

North Central Texas has added 131,000 persons during 2007 for a January 1, 2008 total population of 6,538,850. This marks the twelfth consecutive year to add over 100,000
persons. A decrease in growth during 2007 can be explained by a slow down in new single-family completions. Over 40 percent of the region’s growth in 2007 was located in five cities. Dallas (1,300,350) led the region by adding 19,850 new residents. Fort Worth followed, adding 16,000 new residents, bringing the city’s total population to 702,850 persons. McKinney (118,200) added 6,200 persons. Frisco pushed its total population to 97,600 by adding 5,500 residents. Plano (260,900) rounded out the top five in absolute growth by adding 5,200 persons. Some smaller suburbs continued to see small to moderate.

http://www.nctcog.org/ris/demographics/population/2008PopEstimates.pdf