Richardson TX Real Estate and Local Market Overview
The real estate market in Richardson, TX is booming, especially since Richardson employs so many people in the telecom industry, computers and a number of other areas. Richardson has won numerous economic awards like the 2006 "Best Real Estate Deal of the Year" award and many other awards for economic excellence. The median sales price for a house or condo is $121,359 and the average listing price is $244.230. These figures include both new construction and pre-owned homes and the average price per square foot is $71. The popularity of Richardson real estate is predominantly due to the fact that the city is conveniently located near many major employers, provides excellent award-winning schools, as well as the fact that it offers an excellent selection of available Richardson, TX homes for sale in a wide variety of styles and pricing. It's a buyers' market right now in Richardson with plenty of choice homes available on the Richardson real estate market. Some of the most popular neighborhoods in Richardson areCity Center, Central Expressway, Buckingham subdivision, Lookout Dr / Plano Road, Plano Road / Greenville Ave, President George Bush Turnpike / Shiloh Road, Waterview Drive / Campbell Road, Arapaho Road / Mimosa Drive, Jupiter Road / Belt Line Road, and Central Expressway / Arapaho Road.
Richardson, TX Market Summary
At an elevation of 630 ft, Richardson, Texas is a 28.6 square mile suburb of Dallas that has been growing in both population and popularity since it was founded in 1873; and local Richardson property sales are proof of that. Richardson spans two counties, Dallas County and Collin County and the cities of Dallas, Murphy, Sachse, Garland and Plano border Richardson. The population in Richardson is 101,742. Richardson is also known as The Telecom Corridor.
Ranked in 2006 as the #15 best place to live in the U.S. by Money Magazine, Richardson was also ranked #3 best place in Texas to live. The next year, Richardson was designated the 69th safest city in the nation by the Morgan Quitno 14th Annual America’s Safest Cities Award and #5 in Texas. Richardson was ranked #18 In 2008 among Money Magazine’s best places to live in the U.S. and #4 in Texas. 2009 earned Richardson Business Week’s #2 among Best Places to Raise Kids. And, every year since 2004, the U.S. EPA and the U.S. DOT have recognized the city as one of the best workplaces for commuters. In 2011, Richardson also won a gold medal for excellence in park management and recreation.
The Richardson Independent School District (RISD) serves most of the community, however the Collin County part of the city is a part of the Plano Independent School District (PISD). 40 percent of the RISD campuses were Honor Roll Schools in 2008 and that year was also the 2nd consecutive year when RISD led the entire state of Texas in Honor Roll Campuses. Both the PISD and the RISD have numerous Blue Ribbon Schools in a nationwide program that honors excellence in schools. In fact, the Blue Ribbon award is held in high esteem as the highest honor that any American school can achieve. In addition to all of those excellent award-winning public schoolstotaling17, Richardson also has two Catholic schools and 6 other private schools.
Highways and Commuting
Richardson enjoys a strategic location and numerous major area highways that provide convenient commuting. U.S. Highway 75 (North Central Expressway) bisects Richardson going south to north. The President George Bush Turnpike (Texas State Highway 190) borders the city on the north end and the Lyndon B. Johnson Freeway (Interstate 635) on the south. There are more Dallas Area Rapid Transit (DART) railway stations in Richardson than there are in any other suburb of Dallas and three stations offer free park and ride parking for commuters. The city has also been ranked as very walkable.
Richardson Attractions
For shoppers, Richardson has some excellent malls, including Richardson Square Mall, Dal-Rich Village, Buckingham Plaza, Buckingham Square, II Creeks, Richardson Village, Promenade Center Shopping Center, and Spring Creek Village Shopping Center. Other enjoyable attractions in Richardson include Miss Belle’s Place, Owens Spring Farm and Museum, and the North Texas Auto Museum. Visitors can also enjoy a show, billiards or bowling if they so desire either in Richardson or nearby Dallas. Or, some might prefer the Dallas Arboretum and Botanical Gardens, the Dallas Zoo or the aquarium. Another favorite of residents and visitors alike in Richardson is the Galatyn Park Urban Center, which is located in Richardson’s Telecom Corridor area, for theatrical performances and concerts.
At Estate Chase, we assist our clients in finding the exact Richardson home for sale they desire and match them with local experts in all facets of the real estate industry. We can help you find the very best real estate for your family in Richardson, TX or in a nearby Texas community. Please contact us today to get started.