The Southern Methodist University was founded in 1915 and the town of University Park was created as they built housing for the teachers and faculty around the university. With an incredible growth in population over the next 10 years that followed, the town seeked annex and then incorporation to become its own separate city. When the incorporation was officially approved in 1924, the city also advocated for municipal bonds that enabled the construction of so many different initiatives that enabled the city to grow and thrive on its own. With these efforts, University Park became one of the most prestigious locations in the area. Today the town is known for its great access to a solid education at all levels, public libraries, and parks and recreation. Due to the great prestige and reputation the city has built over time, the average home value is around $1.5 million and the median list price per square foot is almost three times higher than the Dallas-Fort Worth-Arlington Metro average. University Park homeowners have been pleased to see the values of their homes increase steadily ever since 2012, even though tax values have also risen to such extent. Right now market trends display neutrality, indicating an equal advantage between buyers and sellers, and with 541 new construction home communities available, it could be the perfect time to find a forever home in University Park. With so much action in the market at incredibly high price tags, Crosstown Engineering wants to make sure that every family’s investments are secure by conducting our expert engineering reports, foundation evaluations, and home inspections. Give us a call today to find out how we can best serve you along your real estate journey.
The Crosstown Engineering Park City location specializes in the unique needs of the Park City area including foundation repair engineering & inspection, home inspection, engineering reports and more from professional engineers.