2024 North End Year in Review: Analyzing the Real Estate Market in the North End and Possum Kingdom Lake
The North End and Possum Kingdom Lake have established themselves as premier destinations for real estate, offering an exceptional variety of waterfront single-family homes, condos, townhomes, and unimproved land. The combination of serene lake views and luxurious properties continues to attract discerning buyers and investors alike. Below is a comprehensive analysis of the 2022-2024 market data to provide a deeper understanding of this dynamic real estate landscape.
*** In order to keep the data more helpful, we did our best not to include any homes or lots that were lease hold estates. The data below should all be from deeded properties, with the exclusion of condos. ***
Average Cost per Square Foot (Waterfront Only, Year-by-Year)
2022:
- Single Family Homes: $483.85
- Condos: $385.57
2023:
- Single Family Homes: $533.83
- Condos: $404.76
2024:
- Single Family Homes: $447.55
- Condos: $377.20
Analysis: Waterfront homes and condos have shown fluctuations in value over the past three years, with single-family homes consistently commanding higher prices per square foot compared to condos.
Number of Waterfront Sales by Property Type (Year-by-Year)
2022:
- Single Family: 11 sales
- Condo: 4 sales
2023:
- Single Family: 3 sales
- Condo: 2 sales
2024:
- Single Family: 7 sales
- Condo: 3 sales
Analysis: Waterfront single-family homes continue to dominate the market in terms of sales volume. However, condo sales saw their highest activity in 2022 and decreased in subsequent years. Waterfront unimproved land and manufactured homes also contributed to the market activity in 2024.
Conclusion
The North End and Possum Kingdom real estate markets continue to thrive, driven by the enduring appeal of waterfront properties. Key takeaways include:
- Sales activity peaks during warmer months, aligning with lakeside recreation seasons.
- The steady appreciation of waterfront unimproved lots highlights sustained demand for lakefront living.
For buyers and investors, understanding these trends provides a strategic advantage in navigating the real estate market in the North End and Possum Kingdom Lake. Possum Kingdom remains a top choice for property investment.
** The data provided in this 2024 North End 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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