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Looking to Buy in Collin County? Why Now Is A Great Time to Invest in Luxury Real Estate!!
Collin County luxury real estate is as hot as a Texas summer day. With prices and demand increasing by the hour, most see the current situation as a strong sellers’ market, but statistics are suggesting that buyers entering the luxury real estate market are also going to do quite well with their investment in Collin County. The average price of a home in Collin County has gone from $184,000 in 2012 to a May 2014 median list price of $213,000, and forecasts show that there is no sign of the prices slowing down. This is especially the case for the luxury market where buyers can find themselves in a competitive space when looking for a home. Even still, compared with the rest of the country, luxury real estate in Collin County is more affordable than in most zip codes and with prices continuing to rise, there’s never been a better time to invest in Collin County luxury real estate.
One reason why Collin County offers such a strong investment option is that we just keep on growing! Our population has nearly doubled in just over ten years: in 2000, Collin County had just 491,675 residents. As of 2012, that number jumped to 834,642 and there’s no stopping us now! The good news for buyers is that, with rolling hills and an expansive, natural landscape, there is more than enough room for everyone who wants to move to Collin County. The County has invested heavily in infrastructure and education opportunities to streamline development and ensure that the growth is sustainable and that Collin County will continue to afford Americans with arguably the best quality of life the US has to offer.
Another reason it’s a great time to invest is this year’s low interest rates. For buyers, the price of a home always has to be evaluated with current mortgage rates in mind when assessing the real investment value of a potential home. The good news is that mortgage rates have hit the year’s lowest point, making it a great time to get in the market and leverage the opportunity that Collin County real estate offers.
In other words, while most people would view the current market as exhibiting signs of a strong seller’s market, here at Matlock Real Estate Group, we see this as a “win-win” situation for both sellers and buyers. Sure, it’s never been a better time to sell in Collin County, but from what we’re seeing, getting into this luxury market is never going to be this reasonably priced, and you can expect the prices to continue rising, providing you with a great investment while enjoying life in a wonderful community.
If you’re wondering which neighborhood would make the best investment for you and your family, check out our post on how to choose the best community in Collin County or our cities guide, with detailed resources for Fairview, Allen, Prosper, Dallas, Lucas, Garland, Plano and McKinney. Learn more about our services and why we are Collin County’s top boutique luxury real estate firm and don’t hesitate to get in touch to learn more about the investment opportunities that Collin County has in store for you!
