Learn how to live, work, and play in the ever-stunning community of Southlake with top-producing Southlake real estate agent, Sherri Murphy.
What is the housing market like in Southlake today? In June 2024, Southlake home prices were down 6.6% compared to last year, selling for a median price of $1.2M. On average, homes in Southlake sell after 22 days on the market compared to 26 days last year. There were 38 homes sold in June this year, down from 62 last year.
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Your Comprehensive
By Sherri Murphy
Southlake, TX is a high end suburb inside the Dallas-Fort Worth metroplex known for its beautiful homes, great schools and active community. This city offers the best of both worlds, the peace of suburban living and the convenience of urban amenities. The real estate in Southlake has a wide range of properties from single family homes to estates to townhomes. Home buyers are drawn to Southlake for its top rated schools, plenty of recreational activities and strong sense of community so it’s a great place to live and invest.
Living in Southlake means a lifestyle that combines the quiet of suburban living with the benefits of being close to two major cities. The community is known for its well kept neighborhoods, beautiful parks and plenty of recreational activities. Residents love the area’s cultural scene, great dining and easy access to both Dallas and Fort Worth. Whether you’re shopping and dining local, attending community events or enjoying the peace of your beautiful home, Southlake is the best of everything. With its natural beauty and modern amenities Southlake is a hot spot for home buyers looking for a balanced and fulfilling lifestyle.
Southlake is located in Tarrant County so you have easy access to the cities of Dallas and Fort Worth. This location is perfect for major highways like State Highway 114 so you can get to other cities and attractions with ease. Southlake is a beautiful area surrounded by trees and scenery so it’s a quiet yet connected community.
The housing market in Southlake is diverse and upscale, featuring a range of properties from grand estates and modern single-family homes to sophisticated townhouses and condominiums. Many homes are designed to take full advantage of the area’s scenic beauty, offering expansive views, private gardens, and state-of-the-art amenities. Whether you are looking for a contemporary home with cutting-edge features or a traditional property with timeless elegance, Southlake provides a variety of options to suit the needs of discerning home buyers.
Southlake has a humid subtropical climate with hot summers and mild winters. This climate is perfect for outdoor activities like golfing, hiking, swimming and biking. The sunshine and pleasant temperatures make Southlake a great place for those who love to be outside and enjoy the natural beauty of the area.
The community in Southlake is very active and inclusive. Residents have many local events from art festivals to music concerts to farmers markets to holiday parades so you feel like you belong. The town has many parks, community centers and recreational programs so you and your family can get out and connect with your neighbors.
Southlake has all the amenities for a luxurious and active lifestyle. Residents have access to championship golf courses, private clubs and recreational areas as well as high end shopping and dining. The town has many parks, nature reserves and cultural institutions so you can get outside and be cultured. Residents can live a refined and full life.
The demographics of Southlake are diverse with families, young professionals and retirees who love the area and the luxury lifestyle. The town is known for being affluent and sophisticated with residents drawn to the natural beauty and modern conveniences of Southlake. This diversity of demographics creates a fun and dynamic community so Southlake is a great place to live for everyone.
Eating in Southlake has so many options from casual diners to family friendly restaurants to upscale restaurants to trendy cafes. The town’s dining scene reflects its diverse population with options for all tastes and preferences. Whether you’re in the mood for classic American, international cuisine or farm to table Southlake has you covered.
Transportation in Southlake is easy with major roads and highways to get to surrounding areas and the greater Dallas/Fort Worth region. The town’s roads are well maintained so traveling within the town is smooth and public transportation options like buses and Dallas/Fort Worth International Airport are available for extra connectivity. Being close to major transportation hubs means you have options for domestic and international flights.
Southlake is part of the Carroll Independent School District which is highly rated for its academic programs and extracurricular activities. There are also several private schools in the area so families have options for their children’s education. Education is a priority in Southlake so it’s a great place for families to find top notch schooling.
Southlake, TX has top rated schools, upscale amenities and a strong sense of community. Luxury living, great recreation and close to both Dallas and Fort Worth makes it perfect for families, professionals and retirees.
Single family homes, luxury estates, custom homes and townhomes. Traditional to contemporary style homes to fit your taste.
The price range for homes in Southlake starts at around $600,000 for single family homes and goes up to $1 million to $5 million plus for larger luxury estates depending on size, location and features. Southlake is known for its high end real estate market with many high end options.
Homes in Southlake have open floor plans, gourmet kitchens with high end appliances, master suites and large outdoor living spaces. Many have pools, home theaters, wine cellars and smart home technology.
Find homes for sale in Southlake by searching online real estate listings, attending open houses and working with local real estate professionals. For personalized service and exclusive listings contact Sherri Murphy, a Southlake real estate agent.
Location within Southlake, proximity to top rated schools, community amenities and condition and age of the property. Also consider property taxes, HOA fees and potential =appreciation in value.
Yes, Southlake has new homes for sale with modern design, energy efficient features and custom options. These homes are often in newly developed neighborhoods or master planned communities with additional amenities.
Timarron, luxury homes and golf course. Carillon, new construction homes and resort style amenities. Monticello Estates, large estates and family friendly. Each neighborhood has its own unique features and lifestyle.
Southlake residents have access to upscale amenities such as Southlake Town Square for shopping and dining, top rated schools, parks and recreational facilities. Easy access to major highways, DFW International Airport and DFW Metroplex cultural attractions.
Living in Southlake increases home values due to the demand for homes, great schools and high quality of life. The community’s reputation and proximity to major employers and amenities drives up property values making it a smart investment for homebuyers.
Buying a home is one of the most exciting milestones of your life. To prepare yourself for this moment, you need to know what to expect during the process. This step-by-step first time buyer’s guide created by your agent will help reduce the stress of buying a home and help you enjoy the journey as much as possible.
Do you already know where you want to buy? If you want a condo, townhome, or single-family home? Which features do you like and dislike? What’s available on the market now? If you answered no to any of these questions, now is the time to start researching. In addition to looking for homes that interest you, also take note of any changes in asking prices. This could give you valuable insight into housing trends in specific neighborhoods and help you when the time comes to make an offer.
Notice I said to decide on your budget—not determine how much the mortgage company will give you. In many cases, a mortgage company will pre-approve you for more than you’re comfortable spending, which is why you need to determine the monthly payment you feel comfortable with before talking to a lender. This likely includes doing a full household budget and taking into consideration what changes other than a mortgage payment will occur once you move into your new home. If you’ve lived in an apartment or with roommates, you may overlook new expenses like garbage, water, or HOA fees that could easily blow your budget.
Just because you think you can afford a certain payment every month doesn’t mean the mortgage company will agree. Just as they may approve you for too large of an amount, they may also approve you for a lesser amount or deny you a mortgage altogether. Lack of time at a job, insufficient credit, past bankruptcies, or other financial issues can cause major problems when trying to secure a mortgage. Before you get your heart set on a home, talk to a mortgage professional to find out what amount you can qualify for. This will also be an advantage when you make an offer on a home, as some sellers won’t entertain offers from those who aren’t already prequalified for a loan.
Can you shop for, look at, and ultimately make an offer on a home without a real estate agent? Technically yes, but why would you when it costs you nothing for an agent like me to take much of the stress off your shoulders? Not only will I help identify properties you might be interested in, arrange showings, and ultimately handle the offer process, but I also have a knowledge of the market that you don’t possess. Finding the perfect home can be a daunting task, this is where my expertise and wealth of knowledge come into play. Let me show you around some homes that meet your dream home criteria so you can find the one that's right for you.
This should be the most enjoyable step of the entire process (other than moving in!). I will arrange showings of homes you’re interested in that are within your price range. Take notes about what you like and don’t like, and make sure to pay attention to details. Turn light switches on and off, open and close doors, and run the faucets in various rooms. Don’t limit your inspection to the home itself. Make sure to take time to explore the neighborhood and keep an eye on traffic at certain times of the day, the parking situation, and how close it is to necessities like schools and grocery stores.
Once you have selected the perfect home, work with your agent to craft a fair offer based on the value of comparable homes on the market. Depending on what the home is listed at and whether the current environment is a buyer’s or seller’s market, your offer may be below, at, or even above the asking price. I will be able to help you negotiate if you receive a counteroffer and reach an agreement. At this point, the house will go into escrow.
In most cases, your offer will be contingent on having the home inspected to ensure there is no major structural damage or large repairs needed. I can help you arrange this, and you can schedule it within days of making an offer. If there are no major issues, the process goes to step eight. If there is, you can renegotiate your offer based on what needs to be fixed, or you can withdraw it.
Now is the time to go back to the mortgage lender who pre-approved or pre-qualified you and choose your mortgage. You will be presented with various options based on your unique financial situation, including fixed-rate, variable-rate, 15-year, 30-year, or special programs such as VA loans or FHA loans. Work with your mortgage lender to select the option you feel the most comfortable with.
Your lender will have your new home appraised so they have their independent value of it. The appraisal is to ensure that all parties involved are paying a fair price for the house.
No one looks forward to all the paperwork involved in buying a home, but it’s a necessary part of the process. Fortunately, everything will be arranged by your lender and title company and, when you’re finished, you’ll know you are the legal owner of your new home.
After signing the final paperwork to complete the purchase, you are now the owner of a new house. It may take a few days for your loan to be funded once the paperwork has been returned to the lender, but once that check is delivered to the seller, you’ll be all set to move into the home of your dreams.
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Whether it’s your first home or if you’re an experienced buyer, purchasing a home is a complex process.
Her expertise in the field of real estate ensures that you receive informed and objective guidance. Contact Sherri to learn more about how she can assist you in meeting your real estate needs.
