Centennial Place is one of three neighborhoods within Towne Lake Hills South. Here’s the three year numbers.

• In 2003, 16 homes sold in Centennial Place
• The average list price was $167,461
• The average sales price was $165,492
• The average number of days on the market was 61
• And the percentage of sales price to original listing price was 98.82%

• In 2004, 16 homes sold in Centennial Place
• The average list price was $173,243
• The average sales price was $171,331
• The average number of days on the market was 58
• And the percentage of sales price to original listing price was 98.90%

• In 2005, 22 homes sold in Centennial Place
• The average list price was $180,040
• The average sales price was $177,580
• The average number of days on the market was 68
• And the percentage of sales price to original listing price was 98.63%

As you can see, Centennial Place is appreciating at a rate of approximately 3.5% per year.