Pilot Point Market Analysis

This week I had the pleasure of speaking at the Lake Ray Roberts Rotary Club meeting. The Rotary Club serves the Pilot Point and Aubrey area around Lake Ray Roberts. I spoke about real estate appraisals, what they are and what they are not. I then presented a local market analysis for Pilot Point, TX and I thought I would share here as well.

The city of Pilot Point is a small community located approximately 55 miles north of the Dallas/ Fort Worth area. The Pilot Point market has water influence of Lake Ray Roberts with Isle de Bois State Park located nearby. The area has rich sandy soil which is desirable for horse ranches and equine facilities. There are around 300 horse ranches in the area. The city has a population of 4,006 per 2013 Census data.

Primary Year Sale Price, Median

2005 $125,000

2006 $128,603

2007 $147,500

2008 $120,000

2009 $121,250

2010 $120,000

2011 $138,750

2012 $130,000

2013 $110,000

2014 $135,000

2015 $130,950