Real Estate

January 2014
972-841-7051

Castle Hills

Update
Pam Boronski
P l an o / Wi l l o w B e n d s

Pam Boronski
PamBoronski@Ebby.com

www.PamBoronski.Ebby.com

2013 Castle Hills Home Year End Sales Recap

Residential real estate in our great neighborhood continued to be very strong in 2013. Year over year sales units were up 11.3%, with average days on market falling to 67 (-27.9% to LY). Average sale prices for homes sold and recorded in MLS were up 6.7% to LY and closed at $449,239. More established interior sections of CH had gains as high as 14.5% over LY. (Please see the back of this page for more details.) Based on the last 3 months of 2013 sales volume, there is currently about a 4.3 month supply of homes. Sales in the 4th quarter slowed slightly as interest rates crept up from historic all-time lows. Additional uncertainty over government fiscal policy slowed the real estate market considerably in the 4th quarter - not just in Castle Hills, but throughout the northern suburbs. New home construction for Castle Hills did get a boost with the opening of the golf villas by American Legend, and sales for this section appear to be very strong. The best lots are going fast, and if you have any inclination to live in this section, I would recommend moving quickly. In addition, new lots are being developed near the hospital and behind Merlin. Sales will start sometime this spring with prices in the mid-400s. Both American Legend and Highland will be selling product. Floor plans have not been released by either builder as of this writing. If a new home is in your future, I would be happy to discuss the pros and cons of these areas with you. As we look ahead, industry forecasts remain positive for the DFW area. Stronger than average economic and population growth, combined with relatively low cost real estate and mortgage interest rates, should continue to make DFW one of the best real estate markets in the entire country. One thing that nearly all analysts agree on is that mortgage interest rates will continue to rise this year. If you are thinking about buying/selling, it time to consider acting on it! Feel free to call me at any time if you wish to chat about these topics further. I want to thank all of my clients who have trusted in me, and my friends and family who support me daily! Finally, it is my hope and wish that you and your family have a healthy, happy, and fruitful 2014! Best Regards,

Top Producer

Named one of the

BEST REAL ESTATE AGENTS IN DALLAS 2 0 1 3

By D Magazine

Plano/Willow Bend 6400 W. Plano Pkwy Ste. 112 Plano, TX 75093 Cell: 972-841-7051

Pam Boronski
CH Realtor Advisory Board I D BEST Realtor 2011, 2012, 2013 I 13-Year Castle Hills Resident
This is not intended to solicit property currently listed.

CASTLE HILLS HOMES SALES 1/1/2013-12/31/2013

UR N TO LLW AY

H IG

HW

AY

12

1/

SA

RA

YB

UR

TO

LLW

AY

CASTLE HILLS DRIVE

L ST E OMM NORTH CHILLS CASTLECOM COMMUNITY CENTER

BE RL AN D

H IT

ES

G TA

AY

IN

DH

AV

EN

PA

RK

AY

CH North
Sales Units +38.4% AVG Sales Price +12.5% AVG Price Sold $328,351 Construction ongoing.

Castle Hills All Sections

Sales Units +11.3% AVG Sales Price +6.7% AVG Price Sold $449,239

W ES TM IN ST

AN G IS

L IO NE

ER

E
AL
DR
DR

AN

LN

HE

O EF

RD

DR

LN

VA

DR

G O

S AN

CR

OW

NB

LV D

N SL

N C A

SI R

ST LE

BR

ES SE

LN

ES TM

IN E

AV

CO
BROWN NIGHT LANE

Source: MLS
H IG

DO

BA

IN

VE

N IN

DH

DR

IV

LN

HW

AY

/ 21

SA

E AV

R PA

W KW

MO

RG

AR

RA

AY

AN

IE S

YB

CA

ST

LE

DR

EN

UE

NO

RT

UM

LV XB

IN

CA LE

ST

LE

ST

EA ST LA ND DR IV

ER

D
EN ID

C H ES TE R DR IV
E

DR

CH Condos & Townhomes

Sales data too small to be meaningful. Please call for details.

DR IV E

A N N

FL O RE N CE

A A

BR UT US

VE N U E
KARDIGAN LANE

WA

BL

DR IV

DR

VD

RE

BRA

Sales Units +4.5% AVG Sales Price +1.9% AVG Price Sold $424,931 Construction winding down.
HW
FM 54 4

2 Y1

LO

Construction has begun.

U IS

CH West

Golf Villas

OT

LA N

ER

EN

SC

UE

TI

EC

A LE

ST

DR

LA

BE

IV E

PROPOSED NEW ROAD

LE S

ND

ET

A LI

CE

WA

ON

AV

CH Reserve
FUTURE DEVELOPMENT

NO RT H

Sales Units +20% AVG Sales Price +2.9% AVG Price Sold $341,928 Construction winding down.

JO SE N Y LA E

MID WA

Y RD

INDEPENDENCE ELEMENTARY SCHOOL

CASTLE HILLS ENTRANCE
PARK

LISD CAREER CENTER EAST KILLIAM MIDDLE SCHOOL

FM 544/PARKER ROAD
S DR HUNDR ED KNIGHT
PENDRAGON DR

CH Custom (Non-Gated)
GATED EXIT
LADY AMIDE LANE

Sales Units +11.7% AVG Sales Price +14.5% AVG Price Sold $775,281
RIN SIR TO

YD R IV

RED CASTLE DR

BENWICK WAY

MORDRED LN

WATER BRIDGE DRIVE

BLACK CASTLE DR

WA

FOUR STONES BLVD

GLASTONBURG LN

BLAISE LN

K IN

EV

E LA K

LN

CK

CA

S T LE

LADY VIVIANE LN SIR WADE WAY

CRO WN

FUTURE COMMERCIAL

GG A

JOYOUS CR

SH

DR

OR

EH

AM

CHARIOT CASTLE DRIVE

GATED ENTRANCE

ADVENTUROUS SHIELD DR

GR

HA

RD

RO

CASTLE HILLS SPORTS FIELDS

CA

CASE CASTLE CT

ST

LE

LONDON LN

DR

ALMSBURY LANE
BR OK

FUTURE RETAIL

WINDSOR CASTLE WAY

DRI VE OF GO LD

LN

LL O

A IL

PA

BRANDILES DRIVE

SIR BELIN DRIVE

KING LIONEL LANE

KING LOT LN

BR

LANCER LANE

121 BYP ASS /SA M RAY W BUR N TOL LWA

LADY LILE LN

BLV D L

YORK COURT

Sales Units -24.4% AVG Sales Price +11.4% AVG Price Sold $416,828
FOU R STO NES

SW

RD

YO

ID

QUEEN MORGAN LN

RK

PARK P
DAM E BRISE N DRIV E

MERLIN DRIVE

CH Clubhouse North

DU

DR

KE

IN

UR

IV

X SA

VE

DR

VE SIR LO

L LA NE

THE RESERVE PRIVATE AMENITY CENTER & POOL

PARK

ROU ND TABL E BOU LEVA RD

WA

CASTLE HILLS WEST AMENITY CENTER

LL IN

IV

RK

LADY OF THE LAKE BOULEVARD

G FO

HEMISON LN

LAVAINE LANE

SALISBURY COURT

RD

SIR E ALEXANDER LN

LN

C IR

EN

FM 544/PARKER ROAD

C LE

SW OR D DR

SEV EN

SH IEL DS

LAN E

HEBRON HIGH SCHOOL

4207 PLANO PARKWAY

GOLF COURSE

TO HWY 121/ SAM RAYBURN TOLLWAY

MERLINS ROCK LN

IRONSIDE DRIVE

SIR AMANT DRIVE

SWORD BRIDGE MAIL CENTER AMENITY CENTER & SPLASH PARK

MAGIC MANTLE DR

MA GI

LE MA NT

DR IVE

THE LAKES AT CASTLE HILLS

GOLF COURSE

PARK

S IR

PARK

CH Semi Custom Lakes

Sales Units +60% AVG Sales Price +5.5% AVG Price Sold $700,850
CASTLE HILLS ENTRANCE DRAWBRIDGE

S IR AN DR ED
RK PARK
QUEEN ELIZABETH BOULEVA RD

AL

LA NE

AH

AD

WINDHAV EN PARKWAY

SIR CRADDOCKE LANE STONY PASSAGE LN KERRIN LN LAMBOR LANE

LA

KI
TH

PARK

LA D Y

WINCHESTER DRIVE

LANDOINE LANE

SWORD BRIDGE DRIVE

BA

O F E LA KE

DR

HIG HW AY

IV

SIR GAWAIN LANE

SIR CA STO R CT

BO

TORIN STREET

STONEHENGE LANE

U LE VA RD

CASTLE HILLS ENTRANCES

OXFORD COURT

KIN G

AR TH

UR BO UL

EV AR

A
NE
SIR LANCELOT BOULEVARD

DRAGON PARK

THE RIDGE CHURCH

IN

CO

Sales data too small to be meaningful. Please call for details.

ER

LA

GATED ENTRY
VILLAGE SHOPS & PLAZA SWIMMING POOL

S IR

LV

IS

GRAIL MAIDEN LN

EL

A IN

MERLIN DRIVE

SI

LE

R GRAIL MAIDEN CT

QU

D IV

EE

ER

SIR LANCELOT CIRCLE

TA

BE

BL

S IR

CH Enchanted Hill

TA

VA PRIVATE
VE RI D

NT

DR

IV

CHILDRENS COURTYARD

DAME LAUREL LANE

CAMILLE DRIVE

EL A

NS

R LN DAMSEL CHERRY

S IR

KA

AR

LO

EV

UL

BO

UR

L IB

CA

EX

IV E

DR

DAMSEL CAROLINE DRIVE

A IL

CH Old Denton
Sales Units +16.6% AVG Sales Price +11.6% AVG Price Sold $563,235
FUTURE DEVELOPMENT LOCATION A ATION S LOCATIONS PARKS/GREENBELTS

CASTLE HILLS ENTRANCE

KI N
PO

HARPES CASTLE COURT

RD KING ARTHUR BOULEVA

HO

LG IN

GR

DA

GE

LY

IV E

CA

22 81

MA

DY

(F M

RO AD

LA

A ID

K IN

E
DAMSEL KATIE LANE

GB O

EN

HO

LA

CA

LY

DY

CE

RS

LA

VA

S IR

GR

ST

LA

RU

LE

DE

LE

MERLIN DRIVE

LA N

A IL

DY

DR

CO

LN

LA

DR

DY

LO

RO

NW

RY

AL

LL A

R LD

DR

IV E

IV E

NE

POLSER ROAD SIEGE COURT

POLSER ROAD

Sales Units +7.6% AVG Sales Price +3.4% AVG Price Sold $453,243
HEBRON PARKWAY HEBRON PARKWAY

STANDRIDGE DRIVE

CH Royal Ladies
WILD FORST CIRCLE ROUND MOUNTAIN CIRCLE

CASTLE HILLS ENTRANCE

CHURCH

CASTLE HILLS SIGN

HEB RO N

PAR KW AY

MEDICAL PARKWAY

ST ON Y CIR CL E LN
LS ER RO AD

IN

HO

LL

RK

O W

SIR EC TO R LAN E

EL A

PRIMROSE SCHOOL OF CASTLE HILLS

TO CASTLE HILLS
NO RTH

RI

GOLF COURSE
SE

DA

RT GA

HUR

BO

RD U LE VA

GATED EXIT

LS U

H IL

VE

A LL

SE

N E

NE

JO

UE

EN

AR

E AR

DR

ED R
SI

SE

IV

Y LA NE

LA DY LO RE LA N E

PA

TR

IC

CASTLE HILLS ELEMENTARY

VA LO N D

RI

VE

SI

PE

RC

IV

LL

E
Q UR N UI

LA

LA

CH Dragons
Sales Units +17.3% AVG Sales Price +11.2 AVG Price Sold $423,452
FUTURE COMMERCIAL

R SI

LN

L ER

IN

DR

IV

SI R M A ST A LAN

UE

SA

U EE

EN

RE

LA

PE

U IN EV

ER

LN

CASTLE PARK

DR IV

CHEYENNE RD

M O RG AN

LA M BE TH LA N E

CASTLE HILLS COMMUNITY CENTER

SIR TRISTRAM LANE

LE FA

Y LN

O LD

DE N

TO N