Possum Kingdom Lake Real Estate: The Ranch Year-in-Review
Possum Kingdom Lake is a premier destination for serene living and investment opportunities. In The Ranch community, this year-in-review dives into key real estate metrics from 2022 through 2024, showcasing trends and insights into this coveted area.
Due to the exclusivity of The Ranch, properties being listed and sold are very limited. For that reason, there are multiple years where there were no sales in certain categories. Simply put, this article will be limited in its data, but if you want specific details on home values in The Ranch, please reach out to us so we can give you in depth details about your specific property.
Number of Sales by Property Type
2024:
- Single-Family Homes: 0
- Unimproved Land: 6
2023:
- Single-Family Homes: 5
- Unimproved Land: 2
- Residential Lease: 1
2022:
- Single-Family Homes: 1
- Unimproved Land: 6
Analysis: The number of sales highlights limited availability for single-family homes, while unimproved land remains a significant portion of the market in The Ranch.
Personal note: In 2024 there were multiple truly luxury level homes that were listed for extended periods of time but did not sell. Many of the buyers who I personally spoke with were looking for waterfront with a pool. There was not a home listed last year that combined both of these aspects. Due to the exclusivity and level of clientele in The Ranch, I expect some of these homes to sell in 2025.
Average Cost per Acre for Unimproved Land
Waterfront Land:
- 2022: $181,857 per acre
- 2023: $385,212 per acre (only 2 sales in 2023)
- 2024: $319,280 per acre
Non-Waterfront Land:
- 2022: $403,050 per acre
- 2023: Data not available (insufficient sales)
- 2024: $130,595 per acre
Analysis: Waterfront unimproved land commands a significantly higher price per acre compared to non-waterfront parcels. The number of undeveloped waterfronts lots in The Ranch are dwindling. Premium prices are not fully captured in this data.
Average Cost per Square Foot
***Data for 2022 & 2024 is so limited; they could not be computed. ***
Waterfront Homes Older than 10 Years:
- 2023: $565.95 per square foot
Non-Waterfront Homes Built in the Last 10 Years:
- 2023: $414.48 per square foot
Non-Waterfront Homes Older than 10 Years:
- 2023: $832.92 per square foot
Analysis: Waterfront homes in The Ranch show stable pricing for older properties, while non-waterfront homes exhibit a significant disparity, with newer homes being more affordable per square foot compared to older ones.
Comparative Insights: Trends Across the Years
Possum Kingdom real estate, particularly within The Ranch community, demonstrates strong and consistent demand for waterfront properties. Key trends include:
- Steady demand for unimproved land, with waterfront parcels appreciating steadily over the years.
- Diverging prices for homes, with newer non-waterfront homes offering a cost-effective alternative to older properties.
- Seasonal sales activity, with spring and summer months being the most active for both single-family homes and land sales.
Whether you’re planning to invest in waterfront property or build your dream home, The Ranch offers diverse opportunities within the thriving Possum Kingdom Lake market.
For more information on Possum Kingdom Lake real estate or to explore listings within The Ranch, contact local experts today!
** The data provided in this 2024 The Ranch Year in Review has gathered from North Texas Real Estate Information Systems, Inc. (NTREIS) MLS System as of 1/22/2025. The article was written by Matthew Renfro with the data being consolidated using artificial intelligence.
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