Original "Colony" Subdivisions 2009 Homes Sold Report
Providing local real estate market insight
Mark Hitz's 2009 Homes Sold Report for the Original Colony TX Subdivisions is a Real Estate Report for Home Owners / Sellers and Home Buyers. My intent is to help home buyers get an understanding of the original Colony neighborhoods as they research the best place to call home in the city by the lake. This 2009 Homes Sold Data is exclusively for "Colony" named subdivisions.
Colony Home Owners - If you are considering selling your home, doesn't it make sense to use a local Keller Williams Realtor who knows your neighborhood and helps you market your home correctly to sell?
What is an Original "Colony" Subdivision?
Before diving into the 2009 data below, it's helpful to understand a little history. Home builder Fox & Jacob (F&J) began building "F&J ranch homes" in 1974 and continued into the late 1980's. F&J (and the city) were not creative in naming subdivisions so these original subdivisions are named: Colony 1, Colony 2, Colony 3... Colony 32. This data is ONLY for "Colony" Single Family Homes sold in 2009. Other home builders besides Fox & Jacob have built homes in Colony subdivisions. Duplexes will be on a separate web page. Also, there are no HOA's in "Colony" subdivisions.
Comparing Home Values
Two "Colony" homes with the same floor plan & size can have a $20,000+ difference in price. Renovation and updating are significant factors in the price of "Colony" homes sold. The "fair market value" of an original condition 1974 F&J ranch is significantly different than a renovated & updated 1974 F&J ranch home. Other factors include landscaping / curb appeal, condition of HVAC & roof, foundation repairs & lot size. Foreclosures, Bank Owned Properties and Short Sales have had their impact as well. There are a wide range of factors so be careful when attempting to compare apples to apples.
Contact Me With Questions
I answer a lot of questions. Home Buyers. Home Sellers. Home Owners wanting to find the right Realtor. If you have Colony Real Estate questions I welcome your inquiries. Call me during regular business hours (214) 514-1800 or e-mail me.
Please refer me to family and friends. If you know some who is thinking about buying or selling a home in The Colony, please refer them to this website or directly to me. I hear too many negative stories from people who used an "out of area" real estate agent.
2009 Homes Sold Report by "Year Built" for "Colony" Named Subdivisions
The below information indicates that the Condition of a "Colony" Home is more Significant than the Year Built or Age. All of these homes are 20+ years old.
| Useful Data | All Homes Sold | 1974 Built Homes | 1975 Built Homes | 1976 - 1977 Built Homes | 1978 - 1980 Built Homes |
| Number of Homes Sold | 257 | 54 | 21 | 40 | 47 |
| Average Sold Price | $106,741 | $96,788 | $105,112 | $107,672 | $103,034 |
| Median Sold Price | $109,900 | $102,450 | $115,000 | $114,750 | $108,000 |
| High Sold Price | $176,500 | $130,000 | $138,500 | $138,000 | $146,000 |
| Low Sold Price | $52,000 | $52,000 | $65,000 | $65,000 | $56,575 |
| Ave Price per Square Foot | $66 ($28 - $96) | $69 ($28 - $91) | $61 ($35 - $92) | $63 ($34 - $82) | $63 ($38 - $87) |
| Ave Sold Home Square Footage | 1,636 (1,013 - 2,523) | 1,416 (1,249 - 1,904) | 1,759 (1,335 - 2,523) | 1,724 (1,335 - 2,440) | 1,658 (1,013 - 2,423) |
| Ave Days On Market | 58 (0 - 314) | 44 (1 - 260) | 60 (2 - 229) | 57 (0 - 209) | 58 (3 - 228) |
| Ave # Bedrooms | 3 (2 - 5) | 3 (3 - 5) | 3 (3 - 4) | 3 (3 - 4) | 3 (2 - 4) |
| Ave # Bathrooms | 2 (1 - 3) | 2 (2 - 2) | 2 (2 - 2) | 2 (2 - 3) | 2 (1 - 2) |
| Year Built | 1974 - 1988 | 1974 | 1975 | 1976 - 1977 | 1978 - 1980 |
The table below is a continuation from above showing homes sold by Age or Year Built.
| Useful Data | All Homes Sold | 1982 - 1983 Built Homes | 1984 - 1985 Built Homes | 1986 - 1988 Built Homes |
| Number of Homes Sold | 257 | 46 | 34 | 14 |
| Average Sold Price | $106,741 | $106,639 | $108,789 | $137,814 |
| Median Sold Price | $109,900 | $112,000 | $105,400 | $137,000 |
| High Sold Price | $176,500 | $176,500 | $160,000 | $176,500 |
| Low Sold Price | $52,000 | $53,000 | $75,500 | $82,500 |
| Ave Price per Square Foot | $66 ($28 - $96) | $65 ($38 - $93) | $69 ($43 - $96) | $63 ($34 - $82) |
| Ave Sold Home Square Footage | 1,636 (1,013 - 2,523) | 1,640 (944 - 2,217) | 1,628 (1,105 - 2,346) | 1,871 (1,476 - 2,200) |
| Ave Days On Market | 58 (0 - 314) | 61 (0 - 194) | 65 (5 - 213) | 74 (5 - 219) |
| Ave # Bedrooms | 3 (2 - 5) | 3 (2 - 4) | 3 (3 - 4) | 3 (3 - 4) |
| Ave # Bathrooms | 2 (1 - 3) | 2 (1 - 2.1) | 2 (1 - 2.1) | 2.1 (2 - 3) |
| Year Built | 1974 - 1988 | 1982 - 1983 | 1984 - 1985 | 1986 - 1988 |
Copyright and disclaimer: This Colony TX Real Estate Market information on the Colony Subdivisions was researched and compiled by Mark Hitz, local Keller Williams Realtor. Mark's office address: 3700 Standridge Drive, Suite 100, The Colony, TX 75056. Mark's Direct Line: 214-514-1800. Information deemed reliable but not guaranteed. Data obtained from NTREIS MLS using Wyldfyre 7 software. Rounding was used for clarity. This information cannot be framed, copied or used in any other website or publication. Feel free to post links to this page.
Contact Mark Hitz With Questions
Home Buyers. Home Sellers. Content Colony Home Owners. If you have Colony TX Real Estate questions I welcome your e-mail or call during regular business hours. 214-514-1800. Regards Mark Hitz, Local Realtor, Keller Williams Realty.
