The 2012 real estate market in Celina, TX demonstrated a noticeable upward shift in overall activity, characterized by higher transaction volumes and slight growth in pricing metrics. Building on momentum from previous years, the market balanced buyer opportunities and seller potential, all while being influenced by historically low mortgage rates. This analysis provides a comprehensive breakdown of the year’s performance, detailing key figures, trends, and the unique aspects of the market.

Total Homes Closed

A total of 184 homes were sold over the year, marking a significant leap from the 145 sold in 2011. The market also saw considerable activity in specific subcategories:

• New Construction Homes accounted for 60 of the sales, showing a 22% increase compared to 2011.
• Homes with Pools represented 25 sales, up from 16 in the prior year, reflecting increased demand for lifestyle-focused amenities.

Property Pricing Insights

• Minimum Price: $30,000
• Maximum Price: $1,195,000
• Average Price: $248,066
• Median Price: $213,495

While the average and median prices rose compared to 2011, the maximum price was significantly lower than the peak four years prior, continuing the trend of softened ultra-luxury transactions.

Property Size and Features

• Bedrooms ranged from 1 to 6, with an average of 4.
• Bathrooms varied from 1 to 6, with an average of 3.
• Square Footage spanned from 720 sq. ft. to 7,228 sq. ft., with an average of 2,810 sq. ft.
• Lot Size ranged from 0.000 acres to 30.100 acres, averaging 1.660 acres.

Celina’s available inventory in 2012 remained diverse, suitable for various buyer needs, from compact starter homes to spacious estates.

Market Dynamics

The following market trends characterized 2012 dynamics:

• Days on Market (DOM) averaged 95 days, a slight improvement from the previous year.
• ClsPr/LstPr (Close Price to Listing Price Ratio): 95.64%, indicating stable market negotiations.
• ClsPr/OLP (Close Price to Original Listing Price Ratio): 91.62%, reflecting realistic pricing adjustments over time.
• Average Price per Square Foot was $84.11, up from $78.60 in 2011, signaling slight appreciation.

Economic context

Average Electricity Costs in Dallas-Fort Worth in 2012

Electricity prices remained steady at $0.11 per kilowatt-hour in 2012, unchanged from 2011. This stability helped maintain predictability in household budgets, supporting steady investment in real estate. homebuyers could better evaluate prospective homes based on fixed utility costs, encouraging confident decision-making.

Average Price for Regular Gasoline in Texas in 2012

Gas prices rose slightly to $3.42 per gallon in 2012, up from $3.37 in 2011. homebuyers continued to prioritize location and proximity to public transit or work, as elevated gas prices increased commuting expenses. Properties in walkable neighborhoods likely gained more attention during this period.

Average 30-Year Fixed Mortgage Rate in 2012

Mortgage rates dropped significantly to 3.88% in 2012, down from 4.65% the previous year. This marked a historic low that spurred homebuyer activity, particularly for those locking in long-term affordability. Pre-approvals through local mortgage loan originators became an invaluable step in maximizing homebuyer advantages amidst this rate decline.

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Summary of Real Estate Market Analysis for Celina, TX in 2012

The 2012 real estate market in Celina, Texas exhibited a thriving landscape marked by an increased number of homes sold, heightened buyer activity, and a broad range of property options. With historically low mortgage rates driving demand, the market provided opportunities for a diverse group of buyers and sellers.

Homebuyers and First-Time Homebuyers Perspective

For homebuyers, especially first-time buyers, 2012 proved to be a favorable year due to low mortgage rates, which enhanced affordability. However, in such a competitive market, securing mortgage pre-approval became a non-negotiable step. This not only gave buyers a clear understanding of their budget but also solidified their position as serious contenders in the eyes of sellers. Guided by experienced realtors, buyers benefited from professional insights on pricing, property trends, and negotiation strategies. For first-time homebuyers, the support of knowledgeable agents was especially crucial in navigating a fast-paced market and making informed decisions.

Home-Sellers Perspective

Home Sellers in 2012 enjoyed the advantage of an active market, with more transactions and buyer interest than in previous years. However, the role of realtors was invaluable in helping sellers distinguish their properties amidst growing inventory. From effective pricing strategies to innovative marketing efforts and expert advice, realtors ensured homes were positioned to attract the right buyers. Particularly for homes with pools or new construction properties, thoughtful marketing highlighted these sought-after features.

Final Thoughts

The 2012 real estate market in Celina, TX highlighted the importance of preparation and collaboration for success. Homebuyers and sellers who worked closely with realtors gained a competitive edge thanks to invaluable guidance on market conditions and transaction processes. For buyers, pre-approval acted as a critical step in securing the most appealing properties. Sellers benefited from a pricing and marketing strategy crafted by industry experts.

Ultimately, being prepared and informed was key to thriving in Celina’s diverse and evolving market.

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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