2022
REAL ESTATE EDITION
REAL ESTATE DATA
Data on the real estate market
COMPILED BY VALERIE WIGGLESWORTH
2021-22 Grapevine, Colleyville & Southlake real estate market at a glance There were fewer homes for sale in Grapevine, Colleyville and Southlake during the 12-month period that ended May 31, 2022, compared with the 12-month period that ended May 31, 2021. The homes that did sell spent about half as many days on the market and generally sold for a higher price. SOURCES: MARKET DATA PROVIDED BY THE COLLIN COUNTY ASSOCIATION OF REALTORS, ALL DATA FROM NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS, NTREIS TRENDS ©2022 SHOWINGTIME
GRAPEVINE COLLEYVILLE SOUTHLAKE
114
26
114
97
26
Average days on market
121
360
N
June 2020-May 2021
June 2021-May 2022
Average home sales price
June 2020-May 2021
June 2021-May 2022
$330,000 $271,000 +21.77%
$475,000 $413,750 +14.8%
$826,000 $670,000 +23.28%
$1,175,000 $875,000 +34.29%
Number of homes sold
Grapevine
Colleyville
Southlake
Tarrant County
June 2020-May 2021
June 2021-May 2022
National mortgage rate data Mortgage rates steadily declined early in the pandemic with the 30-year xed-rate mortgage 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.
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%
January 2020
January 2021
January 2022
Grapevine
Colleyville
Southlake
Tarrant County
SOURCE: FREDDIE MAC COMMUNITY IMPACT NEWSPAPER
Ready & Available Homes Coming Soon | 817-308-1155 | Maykus.com
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GRAPEVINE COLLEYVILLE SOUTHLAKE EDITION • JULY 2022
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