Grapevine - Colleyville - Southlake | July 2022

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 MACCOMMUNITY 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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