Real Estate in Wylie Texas
If you are contemplating a move to the Wylie, Texas area then these are some things you'd want to know. Saying that a few things are happening in Wylie would be an understatement. Wylie is one of the fastest growing communities in Texas, and Wylie has a number of projects that are in the planning or construction stage. Some of those are street and road improvements along with new buildings and facilities, to park improvements, the City of Wylie is working to meet the needs of it's growing population.
It's a pretty much accepted fact that a Texas home is one of the best investments you can make; but like many things in life, timing is everything. Recent worrisome talk about subprime mortgages, falling property values, foreclosures and slow real estate markets are keeping more than a few homeowners up at night. The cure for those concerns is information.
Remember, the real estate game is best played over the long haul. So trust time to be on your side! Mortgage rates are at a two-year low. If you finance your home while rates are low, you can save hundreds of dollars a year (or more), according to Freddie Mac's January 10, 2008 Primary Mortgage Market Survey: The average principal and interest payment on a $250,000 loan has dropped by $131.83 per month since August 3, 2007.
The city of Wylie has more than sufficient Real Estate agents to assist you in making a choice. A number of those are national firms as well as builders. Some of those are Remax, Century 21, Coldwell Banker and others. Some of the builders are Choice Homes, Era Signature Homes, Country Ridge, Sage Creek Phase 8 and others.
The Real Estate market in Wylie is still strong and there is value from Wylie ISD to the convenience of outdoors activities. As a resident you'll have quick access to Lake Lavon, Lake Ray Hubbard as well as many other parks and recreation areas that are our little secrets.
From Seis Lagos to Birmingham Farms, there is a host of subdivisions that will meet every type of home buyer's tastes and price range. It is hard not to find exactly what you are looking for in a home in Wylie Texas - the variety of builders make Wylie a great place to call home!
Our tax rates are lower than other equitable communities and the Mayor has stated that he wants a decrease to be considered in the near future. The value of the school systems, convenience of bus service and quality of teachers all play a part in property values,and the ability to hold those to a high rate. Wylie ISD serves approximately 3,220 students in Pre-K through 12th grade on five campuses. WISD was ranked an "Exemplary" district for seven consecutive years from 1996-2003. The district continues to rate as one of the best School Districts in Texas by the Texas Education Agency. WISD has also been rated "Superior" by TEA's Financial Integrity Rating System of Texas. This is the highest rating awarded by the state.
Public Safety sets Wylie apart from other cities. Wylie's Crime Rate continues to be one of the lowest in North Texas and Wylie Fire Rescue maintains its ISO 1 rating. Community involvement through the Citizens Police Academy, Volunteers in Policing, CERT (Community Emergency Response Teams) and SkyWarn weather spotting, strengthens the Emergency response and preparedness.
The City of Wylie projects an expected population growth of 39,000+ or - by the end of 2008. But, there is another side of the city's growth and that is the commercial and business development here in Wylie. With the growth, Wylie has now home to an expanding business climate with industrial and commercial development.
As Wylie continues to experience residential growth, more businesses are popping up on the Wylie landscape. According to the Texas Comptroller's Office, there were 843 active sales tax businesses located in Wylie, Texas as of January 1, 2007. In 2006, there were only 204 new sales tax permits issued for the 75098 zip code.
With increased commercial development, the City continues to experience substantial growth in sales tax revenue. For the 2006 fiscal year, the City received $4.39 million in sales tax revenue, which represented a 24% increase since the 2005 fiscal year.
There is more than one (1) million square feet of retail and commercial development approved in Wylie that is still to be built. The majority of this development is located along the FM 544 and Highway 78 thoroughfares. With proactive evaluation and planning for retail development, they anticipate increasing Wylie's retail base which will provide Wylie and surrounding small towns with additional shopping options having a considerable impact on the City's sales tax revenues.
Some of the things under consideration are:
1. A New Library (40,000+ sq ft), Recreation Center (40,000 + sq ft) and a New City Hall with final planning still in the works by the City Council.
2. Woodbridge Crossing development anchored by Target. The center, scheduled to open Summer 2009, features 575,000 sq. ft. of retail space and a potential $202 million in retail sales.
3. More than 13 miles of new and reconstructed roadways, funded through the State, County and City bonds, to be completed in the next five years. Roads include Ballard Avenue, McCreary Road, Stone Road, FM 1378, Brown Street and McMillen Road.
The Mayor feels that the City, School District, Chamber of Commerce, Downtown Merchants Association, Economic Development Corporation, citizens and community organizations working together will provide the future success of the City of Wylie.
So there you have it Wylie, Texas a once sleepy little town, becoming the rose of Collin County and one of the fastest growing communities in the DFW Metroplex.
Jude Sutton is the Wylie Texas Community Partner at Cagora.com |
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