2022
REAL ESTATE EDITION
REAL ESTATE DATA
Data on the real estate market
COMPILED BY WILLIAM C. WADSACK
2021-22 Lake Highlands-Lakewood real estate market at a glance
75214 75231 75238 75243
75
635
Homes are spending fewer days on the market in the Lake Highlands and Lakewood areas than last year, and the options potential buyers have to choose from are slimmer than the year prior as fewer homes are being sold in the area’s ZIP codes. Home prices also increased in three of the area’s four ZIP codes. SOURCES: COLLIN COUNTY ASSOCIATION OF REALTORS, COURTESY OF NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, FREDDIE MAC COMMUNITY IMPACT NEWSPAPER
12
WHITE ROCK LAKE
N
Average days on market
Average home sales price
June 2020-May 2021
June 2021-May 2022
June 2020-May 2021
June 2021-May 2022
51
$599,000
75214
+15.03%
$689,000
36
$265,000
33
75231
-20.75%
28
$210,000
26
24
20
19
$430,000
75238
+18.6%
$510,000
$266,450
75214 -47.22%
75231 -52.94%
75238 -28.57%
75243 -21.21%
75243
+9.59%
$292,000
Number of homes sold
National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage rate dropping to as low as 2.65% in January 2021. Rates have since increased, spiking to their highest point since 2009 as of early May.
June 2020-May 2021
June 2021-May 2022
30-year xed-rate mortgage
15-year xed-rate mortgage
5.27%
5%
4.51%
3.72%
4.52%
4%
2.65% 3.22%
3%
3.99%
3.16%
2% 0 January 2019
2.16%
2.43%
75214 -12.84%
75231 -4.91%
75238 -10.88%
75243 -5.13%
January 2020
January 2021
January 2022
Kitchens Bathrooms Room Additions Roofing Windows Siding
972.669.7807 bryjo.com
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