Buying and Selling Property in Craig Ranch, McKinney

Buying and Selling Property in Craig Ranch, McKinney

Craig Ranch is a 2,200-acre master-planned community located in McKinney, Texas, known for its luxury amenities, beautiful green spaces, and family-friendly environment. Here’s a comprehensive guide to buying and selling property in this area:

Market Overview

• Median Home Value: As of February 2025, the median home price in Craig Ranch is approximately $612,000, reflecting a 6.3% increase from the previous year4.

• Home Prices: Prices range from about $370,000 to $949,900 for new listings, with closed prices historically between $310,000 and $1,300,0005.

• Market Competitiveness: The housing market in Craig Ranch is somewhat competitive, with homes selling for about 2% to 3% below list price and going pending in around 49 to 62 days4.

Amenities and Lifestyle

• Community Amenities:

  • Golf Course: The TPC Craig Ranch Golf Course, designed by Tom Weiskopf, is a major attraction.

  • Fitness Center: A 75,000 square-foot facility with an aerobics studio, basketball court, and indoor walking track.

  • Recreational Facilities: Soccer fields, driving range, volleyball courts, and multiple community parks.

  • Shopping and Dining: Access to shopping centers, restaurants, a Walmart Supercenter, and a medical center.

  • Schools: Five schools within the community boundaries, including a Montessori school5.

Property Types

• Home Sizes: Ranging from 1,212 to 4,310 square feet.

• Bedrooms and Bathrooms: 2 to 5 bedrooms and 2 to 7 bathrooms.

• Lot Sizes: Varying from 0 to 5+ acres.

• Types of Homes: Single-family homes, condominiums, townhouses, and luxury homes on half- and full-acre lots5.

Buying a Property

1. Budgeting: Consider not only the purchase price but also additional costs like closing costs, homeowners insurance, and property taxes1.

2. Pre-Approval: Work with a mortgage lender to get pre-approved for a loan to streamline your home search1.

3. Neighborhood Selection: Craig Ranch offers a variety of neighborhoods with different amenities and price points1.

4. Real Estate Agent: Engage a knowledgeable agent familiar with Craig Ranch to navigate the market effectively1.

Selling a Property

1. Market Conditions: Understand the current market trends and pricing to set a competitive list price4.

2. Staging and Presentation: Ensure your property is well-maintained and staged to attract potential buyers.

3. Marketing Strategy: Utilize local real estate agents and online platforms to maximize visibility.

4. Negotiation: Be prepared for negotiations, as homes often sell slightly below list price4.

Investment Outlook

• Long-term Growth: Craig Ranch is located in a rapidly growing area of North Texas, suggesting potential for long-term property value appreciation.

• Family-Friendly Environment: The community’s amenities and schools make it attractive to families, which can contribute to stable demand for housing.

Overall, Craig Ranch offers a desirable lifestyle with its luxury amenities and family-friendly environment, making it an attractive choice for both buyers and sellers in the McKinney area.