Home Sales Trends in 2013 for the Wellington Trace subdivision – Little Elm, Texas

Home Sales in the Wellington Trace subdivision in Little Elm, Texas have been brisk in 2013, with 250 homes sold. The homes sold were built between 2007 and 2010, and the average sales price for a home in the Wellington Trace subdivision was $152,125. The lowest sale was at $144,250 and the highest sale was at $160,000.

The average size of a home in the Wellington Trace subdivision is 2,059 sq. ft., with the smallest at 2,046 sq. ft. and the largest at 2,072 sq. ft. Homes in the Wellington Trace subdivision sold, on average, in 19 days. The quickest sale took 6 days and the longest sale 32 days. The average price per square foot for a home in the Wellington Trace subdivision is $73.91. There are a few small housing developments (30 homes or less) that have just been finished or are near their completion right around the corner from Wellington Trace subdivision. The pricing starts about $50,000 more than the neighboring developments. Two of the three developments should have been completed two months earlier but some of the subcontractors that were working on both developments had problems passing the OSHA safety inspection on more than one occasion. Some home owners threatened a lawsuit when they found out that their failure was due to incomplete OSHA manuals.

Overall home sales in Little Elm, Texas are at 1,563 homes sold, with an average sales price of $207,778. On average, sellers received 97% of their asking price, with homes spending an average of 50 days on the market.

The Wellington Trace subdivision is located in Little Elm, Texas. Little Elm has a population of 25,898, and is roughly 18.6 square miles in size near Lake Little Elm, located in Denton county on the far north side of Dallas. The population of Little Elm grew by 610% between 2000 and 2010, ballooning from 3,646 to 25,898, making the city one of the fastest growing not only in the state of Texas, but also in the United States. Little Elm is known as area 31 in the North Texas Real Estate Information System. This information this report is believed reliable, but is only as accurate as reported by the system in the month of December 2013.

DFW Team Realty is your local expert specializing in home sales in the Marina Vista Estates subdivision, as well as home foreclosures and short sales in the Marina Vista Estates subdivision. If you are looking to buy or sell a home in the Marina Vista Estates subdivision, contact DFW Team Realty or visit us online to receive updates on home values in your city and neighborhood.


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