The 2015 real estate market in Celina, Texas showed strong growth and remarkable activity compared to prior years. With 363 closed transactions, higher inventories of new constructions, and significant interest in upscale properties, the market displayed a dynamic mix of affordability and luxury. This analysis dives into the key metrics, trends, and unique factors that shaped the year’s housing market.
Key Takeaways and Trends from the 2015 Real Estate Market in Celina, TX
1. Pricing Range
The market witnessed pricing ranging from $45,000 to $1,500,000, offering opportunities for buyers with varying budgets. The average sales price suggests a slight consolidation compared to 2014, balancing affordability with premium options.
2. Market Efficiency
Homes stayed on the market for an average of 54 days, down from 64 in 2014, reflecting increased efficiency and strong demand. Sellers frequently secured competitive offers with a ClsPr/LstPr ratio of 97.21%.
3. Unique Outliers
The most expensive property sold was a $1,500,000 estate offering unmatched luxury features, setting a new high for the area. Such high-end transactions underscore the market’s growing appeal to affluent buyers.
4. Mortgage Rates Impact
Mortgage rates averaged 3.99%, a noticeable dip from 4.31% in 2014. This decrease likely spurred greater buyer activity and contributed to higher transaction volumes across multiple price points.
Total Homes Closed
A total of 363 homes were sold in Celina, TX in 2015, marking a significant increase compared to prior years.
- New Construction Homes: 161, indicating a surge in new construction activity and modern housing preferences.
- Homes with Pools: 34, reflecting consistent demand for properties with premium amenities.
Property Pricing Insights
- Minimum Price: $45,000, ideal for budget-conscious buyers.
- Maximum Price: $1,500,000, representing the high end of the market.
- Average Price: $316,532, with continuing appreciation in home values.
- Median Price: $286,500, highlighting a strong mid-market segment.
Property Size and Features
- Bedrooms: Average of 4, suitable for families.
- Bathrooms: Average of 3, ensuring comfort and convenience.
- Square Footage: Average of 2,745 sq. ft., reflecting spacious home designs.
- Lot Size: Ranged up to 27.7 acres, catering to diverse buyer preferences, from compact lots to expansive estates.
Market Dynamics
- Average Days on Market (DOM): Averaging 54 days, showcasing increased market efficiency.
- Average Close Price to Listing Price Ratio (ClsPr/LstPr): 97.21%, indicating sellers were achieving near-asking prices.
- Average Close Price to Original Listing Price Ratio (ClsPr/OLP): 96.17%, reflecting balanced pricing strategies.
- Average Price per Square Foot (Pr$/SqFt): $113.22, a notable increase from prior years.
Insights into the Most Expensive Celina, TX Property Sold in 2015
The most expensive property in 2015 was a custom estate home sold for $1,500,000. This unique property offered extensive luxury features and high-end amenities, setting new benchmarks for the premium housing market in Celina.
Property Highlights:
- Price: $1,500,000
- Beds/Baths: 6 bedrooms, 6 baths (5 full, 1 half)
- Square Footage: 10,465 sq. ft.
- Price per Square Foot: $143.33
- Lot Size: 2.103 acres
- Days on Market (DOM): 425 days
- ClsPr/LstPr Ratio: 93.03%
- ClsPr/OLP Ratio: 83.33%
- Year Built: 2007
This property stood out with features like an indoor basketball court, gym, media room, wine grotto, and a 90,000-gallon pool with nine waterfalls and a lazy river. Although this property took longer to sell at 425 DOM, it drew attention to Celina’s high-end market, highlighting the area’s potential as a luxury home destination. Its lower ClsPr/LstPr ratio underscored the challenges of pricing unique estates but also set a standard for luxury offerings in the city.
Economic context
Average Electricity Costs in Dallas-Fort Worth in 2015
Electricity prices dipped to $0.12 per kilowatt-hour in 2015, down from $0.13 in 2014. This small decrease likely provided a bit of financial breathing room to households, which could have been channeled into homeownership costs. Prospective homebuyers looking for energy-friendly homes continued to dominate market trends.
Average Price for Regular Gasoline in Texas in 2015
Gas prices fell significantly to $2.17 per gallon in 2015, down from $3.15 in 2014. Plummeting fuel costs were a game-changer for homebuyers considering longer commutes. Lower transportation expenses made suburban and rural areas increasingly attractive, potentially driving demand for properties in these regions.
Average 30-Year Fixed Mortgage Rate in 2015
Mortgage rates declined slightly to 3.99% in 2015, down from 4.31% in 2014. homebuyers took advantage of this drop to enter the housing market or refinance existing loans for more affordable terms. Partnering with a local mortgage loan originator to secure pre-approval was crucial for those navigating the competitive environment fueled by lower rates.
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Overview of Differences Between the 2015 and 2014 Real Estate Markets in Celina, Texas
Total Homes Sold
2014: 271 homes closed.
2015: 363 homes closed.
The market saw a 34% increase in sales activity, indicating stronger buyer demand and a more active real estate market in 2015.
Average Sales Price
2014: $318,900.
2015: $316,532.
A slight decrease in the average price suggests stable yet competitive pricing, with broader participation in mid-tier transactions driving the average down marginally.
Average Days on Market (DOM)
2014: 64 days.
2015: 54 days.
Properties in 2015 sold 15% faster, showing improved market efficiency and heightened buyer urgency.
Average Close Price to Listing Price (ClsPr/LstPr) Ratio
2014: 97.04%.
2015: 97.21%.
Sellers in 2015 achieved slightly better results relative to listing prices, reflecting strong buyer confidence and competitive market conditions.
Average Price per Square Foot (Pr$/SqFt)
2014: $102.75.
2015: $113.22.
A 10% increase in price per square foot highlights growing property value and demand for existing and new construction homes.
New Construction Homes
2014: 78 homes sold.
2015: 161 homes sold.
The more than twofold increase in new construction sales shows a significant investment in modern builds and buyer preference for updated amenities.
Homes with Pools
2014: 43 homes sold.
2015: 34 homes sold.
A slight decline in sales of pool homes may indicate shifting buyer priorities or limited inventory of such properties.
Most Expensive Property Sold
2014: $1,450,000, 7,564 sq. ft., $191.70/sq. ft., sold in 81 days.
2015: $1,500,000, 10,465 sq. ft., $143.33/sq. ft., sold in 425 days.
Both years showcased standout luxury properties, but the 2015 property, despite being larger, fetched a lower price per square foot and spent significantly longer on the market.
Economic Factors
Mortgage Rates: 2014 saw an average rate of 4.31%, while 2015 experienced a drop to 3.99%.
Gas Prices: $3.15 per gallon (2014) vs $2.17 per gallon (2015).
Lower mortgage and gas prices likely boosted market activity by increasing affordability and disposable income for buyers.
Market Dynamics
2014 trends reflected steady activity, with a slightly longer DOM and fewer new builds.
2015 saw increased momentum, faster transactions, and a shift toward new construction as a dominant supply.
The market’s progression underscored growing buyer confidence, favorable economic conditions, and higher demand for modern, customizable homes.
Summary of Real Estate Market Analysis for Celina, TX in 2015
The 2015 real estate market in Celina, TX showcased notable growth and dynamism, driven by higher home sales, strong price appreciation, and faster market activity. With a total of 363 homes sold and a thriving new construction sector, the market proved to be favorable for both buyers and sellers.
Homebuyers and First-Time Homebuyers Perspective
For homebuyers, particularly those entering the market for the first time, 2015 offered a range of opportunities due to lower mortgage rates averaging 3.99%. These favorable rates enhanced affordability, allowing buyers to secure higher-value homes while maintaining manageable budgets. The growing inventory of new construction and luxurious properties, including homes with pools, provided ample choices for diverse needs. However, navigating the fast-paced market required informed decision-making. Buyers who partnered with experienced realtors gained an edge by receiving expert advice, accessing strategic opportunities, and ensuring a smooth home-buying process.
Home-Sellers Perspective
Home-sellers found themselves in a competitive and advantageous market, with homes selling faster and achieving closer-to-asking prices. The average DOM dropped to 54 days, reflecting the strength of buyer activity. Sellers who leveraged the expertise of realtors benefited significantly from effective marketing strategies, accurate pricing, and insights that maximized their returns. The presence of high-value properties, like the $1.5M custom estate, set new benchmarks, further boosting the market’s appeal. Realtor guidance played a pivotal role in navigating the complexities of selling, ensuring smooth transactions and successful outcomes.
Final Thoughts
The 2015 Celina, Texas real estate market highlighted the importance of preparation, knowledge, and professional expertise. Buyers and sellers who remained well-informed and partnered with experienced realtors gained a significant advantage in this competitive landscape. Mortgage rates, property diversity, and market activity all underscored the necessity of timely decisions and strategic actions. Whether buying or selling, access to expert guidance was invaluable in achieving success. The year reinforced that a combination of market savvy, preparation, and collaboration with trusted professionals can ensure positive results for all participants in real estate transactions.
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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Meet Your Trusted Realtor and Mortgage Expert in Celina, Texas!
Greetings! I’m Oleg Sedletsky, and I’m excited to introduce myself as your go-to full-time licensed Texas REALTOR® and Mortgage Loan Originator.
I proudly represent JPAR® – Real Estate Brokerage as a REALTOR® and Utopia Mortgage LLC as a Mortgage Loan Originator! My designations and certifications reflect my dedication to helping you achieve your real estate goals in CELINA, TX and other locations in the vibrant Dallas-Fort Worth area!
Whether you’re a homebuyer or a home seller, the information on this page highlights just a fraction of what’s important to know about the Celina, TX real estate market. Data like this is key to understanding trends, making informed decisions, and achieving your real estate goals.
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A Comprehensive Analysis of Single-Family Residential Housing Market in Celina, TX: 2010 to Present
Discover the trends, stats, and insights shaping Celina’s real estate market year by year!
2010-2020
Celina, TX Real Estate Market Report 2010: Analysis and Trends
Celina, TX Real Estate Market Report 2011: Analysis and Trends
Celina, TX Real Estate Market Report 2012: Analysis and Trends
Celina, TX Real Estate Market Report 2013: Analysis and Trends
Celina, TX Real Estate Market Report 2014: Analysis and Trends
Celina, TX Real Estate Market Report 2015: Analysis and Trends
Celina, TX Real Estate Market Report 2016: Analysis and Trends
Celina, TX Real Estate Market Report 2017: Analysis and Trends
Celina, TX Real Estate Market Report 2018: Analysis and Trends
Celina, TX Real Estate Market Report 2019: Analysis and Trends
Celina, TX Real Estate Market Report 2020: Analysis and Trends
2021-Present
Celina, TX Real Estate Market Report 2021: Analysis and Trends
Celina, TX Real Estate Market Report 2022: Analysis and Trends
Celina, TX Real Estate Market Report 2023: Analysis and Trends
Celina, TX Real Estate Market Report 2024: Analysis and Trends
This market analysis is intended solely for educational purposes. This market analysis is based on data sourced from NTREIS, Inc. This analysis is exclusively focused on single-family homes and does not account for other property types. The total number of real estate transactions within the specified period and location may vary. Data accuracy cannot be guaranteed due to potential input errors made by NTREIS users. This market analysis does not account for all new construction home sales. If you need detailed information about recorded property sales or other public records, please contact the appropriate city or county office.