The real question is the difference in Market for the two communities. All housing values in tax roles for the most part have gone down and when you have upper end property such as Murphy and 15 to 20% decline in property on tax roles is a lot! However it's simply across the board in all real estate. This is the first time in several years values have gone UP! Instead of just staying steady. Let's take the housing values in sales of the two towns Murphy and Wylie and their aveages from Aug 2012 to now according MLS.
Number of home Sold 152 - ftage per home 3381 - List Price 296,793 - Sold $289,109 = $85 per ft 72 days on Market
Wylie Sold 340 - ftage per home 2004 - List Price 141,691 - Sold $138,798 = $69 per ft 60 days
Shows the differenc in Murphy and Wylie as to average price range and a greater number of homes in the Wylie Market were involved in the Foreclosure Market. The Wylie inventory at this point has greatly decreased as has Murphy's
One last set of numbers to give you some idea of just how hot the Murphy and Wylie areas are. The stats off MLS for Wylie Dec 2012 thru Feb 9th 2013 are.
Home Sold 96 thats 58 more homes in 1 qtr more than average of above 2012 number
List Price 170,829 - Sold $166,849 a change of 17% in average sales value
Average Per Ft. Price $73 per ft. 63 days on Market An increase fo $4 per ft.
If you in the market or going to be in the market shortly this should be your call to action!