The 2010 real estate market in Celina, Texas showcased a variety of residential single-family home sales, reflecting a combination of established and new construction properties. This analysis explores key metrics, market dynamics, and notable trends within the city, providing a comprehensive view into market performance during the year.

Total Homes Closed

A total of 130 residential single-family homes were sold during 2010. Among these, 17 homes featured pools, giving buyers access to amenity-rich properties. Additionally, 29 homes were newly constructed, representing a healthy share of modern, updated options in the market.

Property Pricing Insights

• Minimum Sale Price: $30,000
• Maximum Sale Price: $2,150,000
• Average Sale Price: $240,127
• Median Sale Price: $198,384

The wide range of pricing accommodated buyers across varying budgets. However, the gap between the average and median prices indicates that luxury sales (such as the highest-priced property) influenced the overall averages.

Property Size and Features

• Bedrooms: Properties typically featured 4 bedrooms, with a range of 2 to 7.
• Bathrooms: The average home had 3 bathrooms. The maximum recorded was 8 (6 full and 2 half).
• Square Footage: Homes ranged from 784 sq. ft. to an expansive 9,200 sq. ft., with an average of 2,811 sq. ft.
• Lot Size: Lot sizes averaged 1.12 acres, though most common properties were smaller (median lot size of 0.38 acres).

This reflects the variety of homes in Celina, TX, spanning cozy residences to estate-like properties.

Market Dynamics

• Days on Market (DOM): Average DOM stood at 94 days, with a maximum of 788 days and a minimum of just 2 days.
• Close Price to Listing Price Ratio (ClsPr/LstPr): Average ClsPr/LstPr was 96.54%, while the median was slightly higher at 97.06%.
• Close Price to Original Listing Price Ratio (ClsPr/OLP): The average was 91.79%, signifying moderate negotiation flexibility.
• Average Price per SqFt: Selling prices averaged $80.45 per square foot, indicating affordable value compared to high-end markets.

Homes generally sold within 3 months, suggesting a balanced market. Price-to-list ratios near 100% show efficient pricing and market confidence.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2010

Electricity costs decreased further to $0.12 per kilowatt-hour in 2010, down from $0.13 in 2009. The drop allowed households to manage monthly budgets a bit more effectively. For real estate, affordability in utility costs could make energy-conscious homes an easier sell, particularly as homebuyers explored long-term cost savings.

Average Price for Regular Gasoline in Texas in 2010

Gasoline prices rebounded slightly, averaging $2.64 per gallon in 2010, compared to $2.21 in 2009. The rise in fuel costs likely pushed many homebuyers to evaluate commute expenses alongside their home budgets. Urban areas and transit-centered communities may have seen increased interest as reliable transport options became a key factor.

Average 30-Year Fixed Mortgage Rate in 2010

Mortgage rates declined further to 4.86% in 2010, offering favorable conditions for potential homebuyers. This drop made monthly payments more manageable and contributed to a gradual recovery in the housing market. Pre-approvals with local mortgage loan originators were essential for homebuyers to confidently pursue homes in competitive markets.

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The 2010 real estate market in Celina, TX reflected resilience and adaptability, offering opportunities for both homebuyers and home-sellers. From affordable starter homes to luxury estates, the market catered to a wide spectrum of needs. This closing section provides insights from the perspectives of both buyers and sellers while highlighting the key components that shaped the year’s transactions.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, particularly first-time buyers, 2010 provided a favorable environment. Competitive home prices and relatively low mortgage rates (averaging 4.86%) made homeownership more attainable. However, securing mortgage pre-approval was vital as it became a de facto standard for serious real estate transactions in Celina. With pre-approval in hand, buyers gained a competitive edge, ensuring their offers were not only considered but prioritized by sellers in a market where efficient pricing and moderate demand prevailed. First-time buyers especially benefited from clear price ranges, offering an entry point for a variety of budgets.

Home-Sellers Perspective

Home-sellers in Celina relied heavily on realtors for marketing strategies and expert advice throughout the selling process. Given the average days on market (94 days), realtor marketing played a crucial role in ensuring maximum market exposure and accurate pricing. Sellers who priced their homes competitively saw transactions close with minimal discounts, as close-price-to-list-price ratios averaged 96.54%. For luxury properties, like the most expensive home sold, strategic marketing helped attract niche buyers despite the longer sale timeline. Sellers overall benefited from the market’s stability and steady buyer interest.

Final Thoughts

The 2010 real estate market in Celina, Texas struck a delicate balance between affordability and luxury, offering value to both buyers and sellers. The reliance on realtor expertise and the importance of mortgage pre-approval stood out as key factors driving transaction success. These elements underscore the importance of preparedness and market knowledge in navigating the buying or selling process. Celina’s market dynamics in 2010 ultimately created opportunities for growth and optimism, setting a solid foundation for future real estate activity.

Why Historical Statistical Data Matters in the Celina, Texas Real Estate Market

Did you know that Appraisers and Realtors rely on historical statistical data to determine a property’s current value?

The information presented above is just a small glimpse into the wealth of essential data available to help both homebuyers and sellers set realistic expectations and gain an initial understanding of the real estate market in Celina, Texas. Real estate transactions are intricate, and what you see here is merely a sample of the many factors at play in each deal in this city.

Beyond these insights, a comprehensive analysis is available that focuses on specific aspects like zip codes, neighborhoods, and homes within certain school districts in Celina. This granular data dives deeper into market trends, allowing for a precise understanding of local dynamics. Additionally, historical data plays a critical role in crafting informed strategies, providing the context needed to make confident decisions that align with your goals.

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