Recently in Colleyville Category

We've just uploaded an easy-to-read version of the TEA's Accountability Ratings published earlier this month.  You can download it here.

Initial construction of the long awaited DFW Connector Project is slated to begin the week of February 15th.  Crews will start installing signage on Monday, January 25th.  There will also be some lane closures next week and reductions in the speed limit.  You might want to bookmark this website for use in the future: 

http://www.dfwconnector.com 

There isn't a lot of information there yet, but more should be added soon.

Also, there is going to be an information Open House on Wednesday, February 17th from 4-8 p.m. with a formal presentation at 6:30 p.m.  It will be held at the Grapevine Convention Center at 1209 S. Main Street.  I'm planning on going.


The 2009 school ratings have just been released.  I have prepared a report showing district and campus results for the districts in the area.  You can download the pdf report at cindyruppert.com/Accountability2009.pdf.

The only major change in the area was the Keller ISD dropping from Recognized to Academically Acceptable.  The district is challenging this rating, which was caused by just barely missing the required completion rate for economically disadvantaged students.  The district claims that two students were misclassified as drop-outs.  If the TEA changes the status of either of those students, the district will be Recognized.

For those new to the area, Southlake is mostly in the Carroll ISD,  Flower Mound is in the Lewisville ISD, and Trophy Club is in the Northwest ISD.  A big piece of far north Fort Worth is in the Keller ISD.

Call if you have any questions!
Here is the sales activity for cities that I specialize in.  These are the final year to date numbers for 2008.  Activity was down, prices were steady, and days on the market were up.  Mortgage rates are very low and the new year has started with good buyer activity, giving us some optimism about this year.  There may be downward pressure on prices as some sellers who have held back must take action.  And of course, no one knows what's going to happen with the economy.  Southlake and Colleyville have 7-8 months inventory, the city of Keller is at about six months, and Grapevine only has four months.


MLS Activity Report for Selected Areas
City# of Sales% Change vs. Prior YearAvg Sales Price% Change vs. Prior YearMedian Price% Change vs. Prior YearAvg Days on Market% Change vs. Prior Year
Bedford533-7%$165,9860%$156,9501%5918%
Colleyville373-19%$515,652-3%$417,000-7%7318%
Denton County Southeast3,521-21%$239,322-4%$194,000-3%7019%
Euless434-18%$156,8202%$151,5001%562%
North Central Tarrant1,963-12%$161,6491%$150,0000%744%
Grapevine486-16%$247,5933%$230,0005%5113%
Hurst550-10%$150,725-2%$139,9000%8239%
Keller750-19%$339,2815%$287,2501%8127%
N Richland Hills / Richland Hills765-16%$167,4510%$133,250-2%685%
Roanoke171-20%$160,4803%$150,0005%7934%
Southlake485-19%$634,9443%$545,0004%7810%
Trophy Club / Westlake164-15%$472,3453%$260,0001%8525%
Watauga304-28%$102,044-2%$99,900-1%65-2%

Note: All Information is from North Texas Real Estate Information System (NTREIS) and is believed but not guaranteed to be accurate.
At the risk of having folks think that the Rupperts don't do anything but eat, I want to share this terrific restaurant with those who may not have discovered it.  This is my husband's and my favorite place for a quiet dinner after a long work day.  It is also a favorite place to bring clients for a break when showing a long list of properties.  Expect great food, a good wine list and an elegant but friendly atmosphere.  You will be well taken care of!  And best of all, it is quiet enough so that you can enjoy a conversation with friends.

Ruggeris.jpg

Ruggeri's is located in the Village in Colleyville.  The link below will take you to their website where you will find a menu and hours of operation.  I hope you enjoy it as much as we do.

http://www.ruggeriweb.com/index.html



This is information that REALTORS(r) check out every month.  It allows us to get a feel for what is going on in our marketplace.  This is Year to Date information for the areas that I specialize in; it includes only single family residences.  As I have mentioned in previous posts, "all real estate is local".  While some of the numbers are off from last year, especially the number of units sold,  please note that most prices are holding steady or even increasing.  It may take a little longer, but homes that are priced right and are in good condition still sell.  Also a word of caution, this chart is comparing the price of homes sold this year with the price of homes sold last year.  For instance, an increase in the average sales price means that the average price of the homes sold this year was higher than those that sold last year.  It does not mean that all of the homes in that specific area increased in value by the percentage change shown.

Anyway, I hope you find this information helpful.  I hope to update it at least every couple of months so stay posted.


MLS Activity Report for Selected Areas
City# of Sales% Change vs. Prior YearAvg Sale $ Price% Change vs. Prior YearMedian Price $% Change vs. Prior YearAvg Days on Market% Change vs. Prior Year
         
Bedford504-6%166,5430%156,9001%6022%
Colleyville353-20%519,379-3%419,000-7%7425%
Denton County Southeast3,335-20%238,848-4%193,000-3%6919%
Euless415-17%157,5693%151,7502%550%
FW-North Central Tarrant1,831-12%161,5612%150,0000%757%
Grapevine459-15%247,8903%230,0005%4911%
Hurst516-11%151,123-1%140,0001%8341%
Keller693-21%340,3635%287,5001%8129%
N Richland Hills / Richland Hills713-16%167,8220%132,480-3%675%
Roanoke160-20%161,7695%150,0006%7726%
Southlake461-20%633,3013%545,0004%769%
Trophy Club / Westlake157-13%482,2916%264,7502%8531%
Watauga295-26%101,780-3%99,900-1%663%

Single Family Residences - November 2008 Year to Date.

All Information is from North Texas Real Estate Information System (NTREIS) and is believed but not guaranteed to be accurate.