Grapevine – Colleyville ISD Real Estate
Located in the northeast sector of Tarrant County, the cities of Grapevine and Colleyville are centrally located in the heart of the DFW Metroplex.
Both cities present an excellent proximity to all of the amenities that Fort Worth and Dallas have to offer—from multiple professional sports venues to thousands of restaurants, and the best shopping in the region.
The Grapevine-Colleyville Independent School District (GCISD) serves residents of both cities, and has garnered numerous awards. Grapevine High School is a National Blue Ribbon Award winner, as well as ranked by Newsweek as the 41st best High School in the nation.
Grapevine, the larger of the two cities, has seen its population increase by 10.1% between 2000 (42,059) and 2010 (46,334).
The City of Grapevine is a commuter locale, with an average family income of $84,940, well above the state’s average of $45,861.
Over the last year, Grapevine’s homes have seen their median sales prices dip by 59.6% with current listing prices at $186,965. The average price per square foot in Grapevine has decreased as well, down 7.8% from this time last year, currently with a value of $95 per square foot.
These factors, taken in consideration that Grapevine’s current average listing price is $298,538 (a discrepancy of $111,573 from the average sales price) means that now is an excellent time to snatch up property in the city…as it is due to see an excellent appreciation in the near future.
Colleyville, just six miles south of Grapevine, has the reputation for providing luxurious homes, as many local sports celebrities reside there.
This adds to the relatively steep average listing prices of homes in Colleyville, currently at $691,730. However, this large number is skewed by a modest amount of homes that are listed well above the six-figure mark.
The median sales price for Colleyville’s homes ($195,458) paints a truer portrait for the level of investment needed to purchase a home in the city.
Note too that that the median sales price has witnessed a profound drop in the last year—down 254%—indicating that with the economy on the rebound, this average median sales price is likely to ascend swiftly.
In other words, don’t let the average listing price scare you away from purchasing real estate in Colleyville. In many ways, homes here are a better overall value than its sister city, Grapevine, as the average price per square foot of $77 is considerably lower ($18 less than Grapevine’s average price per square foot).
Grapevine and Colleyville provide everything that real estate investors crave, and now is the best time to take advantage of the lowest average sales prices either city has witnessed in many years.
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