Plano, TX Residential Sales Report for March

Single-Family:

Single-family sales were off by 9% in the Plano area in March. Demand is still high but buyers are having trouble finding a house to buy. The average sales price increased by 9% while the median sales price jumped by 16%. As with other areas, the average and median sales prices are being pulled up by not only demand but also by abnormally low numbers of sales in the lower price ranges. There were 7 sales below $150,000 and 5 sales above $1,000,000.

Pending sales were up by 7%. The number of new listings fell by 10% and the active listings by 29%. The months of Inventory dropped to 0.9 months.

Sales: 241

Average Sales Price: $361,156

Median Sales Price: $313,000

Pending Sales: 271

New Listings: 333

Active Listings: 268

Months of Inventory: 0.9

Condos and Townhouses:

There are very few condos and townhouses in Plano. Due to this fact, the condo and townhouse numbers are very erratic and I do not report them.

Leases:

Leases were up by 7%. The average rent increased by 5% as did the median rent.

Pending leases jumped 200%. The number of new listings climbed by10% while the active listings were up by 6%. Unfortunately these increases did not help the months of inventory which now stands at 1.1 months.

Leases: 157

Average Rent: $1,824

Median Rent: $1,800

Pending Leases: 102

New Listings: 187

Active Listings: 171

Months of Inventory: 1.1

Information provided by The Real Estate Center at Texas A&M.

Another company moves to the Dallas srea

http://bizbeatblog.dallasnews.com/2015/04/california-coffee-company-moving-hq-to-north-texas.html/

The Law of Supply/Demand still works

http://www.bloomberg.com/news/articles/2015-04-28/home-prices-in-20-u-s-cities-rose-at-faster-pace-in-february

Lake Highlands/NE Dallas Residential Sales Report fo March

Single-Family:

Sales in the Lake Highlands/NE Dallas area were up by 3% in March as compared to a year ago. The average sales price jumped by a whopping 22% while the median sales price was up by 26%. As in other areas, this large increase is mostly caused by sales being concentrated in the upper price ranges and few sales in the lower ranges.

Pending sales were up by 2%. The number of new listings declined by 18% and the active listings by 4%. The months of inventory stands at 1.4 months.

Sales: 75

Average Sales Price: $ 378,236

Median Sales Price: $ 247,250

Pending sales: 67

New Listings: 75

Active listings: 90

Months of Inventory: 1.4

Condos and Townhouses:

Sales were off by 25% in March. The average sales price increased by 22% while the median sales price jumped by 57%. Pending sales were up by 81% so next month's sales are looking good. The new listings fell by 14% and the active listings fell by 17%. These declines reduced the months of inventory to 2.2 months.

Sales: 21

Average Sales Price: $86,453

Median Sales Price: $72,500

Pending Sales: 58

New Listings: 43

Active listings: 53

Months of Inventory: 2.2

Leases:

Leases took a huge jump of 63% in March. The average rent increased by 5% but the median rent climbed by 28%. Pending leases were up  by 67%. The new listings increases by 18% but the active listings declined by 31% leaving the months of inventory down to 1 month.

Leases: 39

Average Rent: $1,343

Median Rent: 1,250

Pending Leases: 20

New Listings: 33

Active Listings: 29

Months of Inventory: 1

Information provided by The Real Estate Center at Texas A&M.

Getting your home ready for an open house

http://www.realtor.com/advice/open-house-kitchen-checklist/?identityID=5861879&MID=2015_0424_WeeklyNL&RID=274666862&cid=eml-2015-0424-WeeklyNL-blog_4_kitchens_shine-blogs_sell

Richardson, TX Residential Sales Activity Report for March

Single-Family:

Sales were up a strong 37% in Richardson for March. The average sales price jumped 14% with the median sales price increased by 20%. These large increases are caused by sales being concentrated in the upper price ranges. There are very few sales below$200,000.

The number of pending sales were flat. New listings were up b y 3% but the active listings declined by 16%. The months of inventory now stands at 0.7 months.

Sales: 114

Average Sales Price: $267,279

Median Sales Price: $235,000

Pending Sales: 91

New Listings: 114

Active Listings: 67

Months of Inventory: 0.7

Condo and Townhouses:

Condo and townhouse sales were down by 26%. The average sales price increased by 38%
and the median price by 36%. As with single-family this increased is caused by the sales being in the upper price ranges.

Pending sales were off by 6%. The new listings declined by 20% and the active listings by 21%.

The months of inventory is at 2 months.

Sales: 14

Average Sales Price: $104,146

Median Sales Price: $88,500

Pending Sales: 15

New Listings: 12

Active listings: 27

Months of Inventory: 2

Leases:

Leases were up by 7% in March. The average rent increased by 1% and the median rent by 7%.

Pending Leases jumped 200% compared to last March. The number of new listings increased by 58% and the active listings by76%. Unfortunately really do not help the supply because the months of inventory is at 1.2 months.While this is better than last month, the number is still very low.

Leases: 47

Average Rent: $1,533

Median Rent: $1,450

Pending Leases: 21

New Listings: 52

Active Listings: 43

Months of Inventory: 1.2

Information provided by The Real Estate Center at Texas A&M.

Maybe builder's have pushed prices too high!

New home sales tumble after months of strong gains http://www.cnbc.com/id/102613836

Toyota bringing even more people?

http://bizbeatblog.dallasnews.com/2015/04/latest-plans-toyota-doubles-size-of-plano-headquarters-campus.html/

Good advice for getting your house ready for showings and open houses

http://www.realtor.com/advice/open-house-bathroom-checklist-2/?identityID=5861879&MID=2015_0417_WeeklyNL&RID=274666862&cid=eml-2015-0417-WeeklyNL-blog_6_bathroom_checklist-blogs_sell

Far North Dallas Residential Sales Report for March

Single-Family:

Sales in Far North Dallas were off by 1% in March. The average sales price increased by 4% while the median sales price jumped 16%. The increase in the median price indicates there were more sales in the upper price ranges. Pending sales increased by 5%. The number of new listings climbed by 8% and the active listings were up by 1%. Unfortunately if you are a buyer, the months of inventory remains at a very low 1.5 months.

Sales: 107

Average Sales Price: $432,052

Median Sales Price: $373,750

Pending Sales: 106

New Listings: 148

Active Listings: 152

Months of Inventory: 1.5

Condos and Townhouses:

Condo and Townhouse sales were down by 3%. The average sales price dropped by 18% while the median price increases by 4%. Pending sales also declined by 6%. The new listings fell 3% and the active listings by 40%. It looks like some sellers took their properties off the market. The months of inventory now stands at 1 month.

Sales: 34

Average sales Price: $154,117

Median Sales Price: $131,000

Pending Sales: 47

New Listings: 57

Active Listings: 45

Months of Inventory: 1 month

Leases:

Leases were off by 4%. The average rent increased by 20% and the median rent  by 23%. Rents in Far North Dallas are increasing rapidly. Pending leases were up by 211%. The number of new listings increased by 14% but the active listings fell by 14%. The months of inventory is now at 1.6 months.

Leases: 47

Average Rent: $1,832

Median Rent: $1,870

Pending Leases: 28

New Listings: 67

Active Listings: 70

Months of Inventory: 1.6

Information provided by The Real Estate Center at Texas A&M.

 

Does not help the housing shortage

US housing starts rise below expectations http://www.cnbc.com/id/102592232

Good landscaping information

http://realtormag.realtor.org/daily-news/2015/04/15/best-and-worst-trees-for-listing?om_rid=AACAVe&om_mid=_BVLo6JB9Az8wpQ&om_ntype=RMODaily

Fun things for the kids

Things to Do: Top Family Fun in Dallas http://www.guidelive.com/things-to-do/top-family-fun

Keeping up with the latest trends in bathrooms

http://styledstagedsold.blogs.realtor.org/2015/04/13/the-spa-like-bathroom-top-10-trends-for-2015/?om_rid=AACAVe&om_mid=_BVLUeXB9Avk0vm&om_ntype=RMODaily

A new place to eat in Richardson

Richardson Will Get a Food Truck Park, Because Suburbs Are the New Cities http://news360.com/article/287678957

Home of Masters champ

A look inside Jordan Spieth's $2.2 million Dallas home http://news360.com/article/287566664

New line to Oak Cliff

Dallas' new streetcar line makes its debut today http://news360.com/article/287512934

Water restrictions eased

Water district that serves northern, eastern Dallas suburbs will ease water restrictions May 1 http://thescoopblog.dallasnews.com/2015/04/ntmwd-will-ease-water-restrictions-on-may-1.html/

#1 in North Texas and 10th nationwide

http://www.ebby.com/blog/2015/04/ebby-no-10-nationwide/

Dallas Area Residential sales Report for March

Single-Family:

Sales were up by 12% in March as compared to a year ago. The average sales price and the median sales price were both up by 9%.  Pending sales increased by 3%. The number of new listings fell by 3% and the active listings dropped by 15%. The months of inventory now stands at 2.7 months. If you are looking in the $100,000 to $250,000 price range the months of inventory is about 1.5 months. Inventory levels do not approach normal until you get to $500,000 and above.

Sales: 7,854

Average Sales Price: $255,125

Median sales Price: $197,000

Pending Sales: 7,588

New Listings: 10,271

Active Listings: 16,478

Months of Inventory: 2.7

Condos and Townhouses:

Condo and townhouse sales increased by 7%. The average sales price jumped sharply and was up by 16%. Looks like there were some sales of high-end condos that pulled this average up. The median sales price rose 9%. The pending sales was up by 13%. New listings fell by 3% while the active listings dropped by 26%. The months of inventory for condos and townhouses is even tighter that for single-family and stands at 2.4 months.

Sales: 540

Average Sales Price: $242,979

Median Sales Price: $183,000

Pending Sales: 608

New Listings: 699

Active Listings: 1.019

Months of Inventory: 2.4 months

Leases:

Leasing activity was down by 2%, The average rent increased by 7% and the median rent also by 7%. Pending leases took a huge jump being up by 179%. Not sure if this  is just seasonal or what. The good news is that the new listings increased by 17% and the active listings by 3%. Unfortunately with the still large demand the months of inventory is only about 1.5 months. It’s really hard to find a good rental.

Leases: 2,8741

Average Rent: $1,563

Median Rent: $1,450

Pending Leases: 1,768

New Listings: 3,493

Active Listings: 3,263

Information Provided by The Real Estate Center at Texas A&M.

Another Big Move

Liberty Mutual relocating 5,000 workers to Plano http://news360.com/article/286780669

Home Sales Are Up

More homebuyers apply for mortgage applications http://www.cnbc.com/id/102567894

McKinney, TX Residential Sales Report for February

Single_Family:

Sales were off by 5% in McKinney for February. The average sales price was up by 8% while the median sales price climber by 5%. Pending sales were flat. The number of new listings fell by 2% and the number of active listings dropped by 15%. The months of inventory fell to 1.1 months. Sales are being affected by the extremely low inventory. Buyers just can not find a home to buy.

Sales: 147

Average Sales Price: $291,674

Median Sales Price: $263,000

Pending Sales: 162

New Listings: 216

Active listings: 250

Months of Inventory: 1.1

Condos and Townhouses:

There are not enough condos and townhouses in McKinney to produce any meaningful report.

Leases:

Leases were down by 15% in February. The average rent declined by 2% while the median rent was flat. Pending leases  jumped by 105%. The number of new listings increased by 7% and the active listings jumped 43%. The bad news is that this large increase in the active listings only increased the months of inventory to 1.3 months.

Leases: 57

Average Rent: $1,546

Median Rent: $1,580

Pending Leases: 43

New Listings: 76

Active listings: 113

Months of inventory: 1.3

Information provided by the Real Estate Center at Texas A&M

Up coming home tours

The Dallas real estate voyeur's guide to spring 2015 home tours http://news360.com/article/286484441

This does not help!

http://bizbeatblog.dallasnews.com/2015/04/d-fw-new-home-sales-rise-starts-fall-in-first-quarter.html/

Toyota brings in more people

https://www.evernote.com/shard/s426/sh/7510a8ab-5ab8-4af5-bfe6-59339d7105bc/84590e4e23e85bd803f86566e5a41f12

Property taxes

Tax van snaps photos to appraise Dallas property http://news360.com/article/285878573

FOE SALE 105 Sonoma Creek, Richardson, TX

Rare opportunity to own a 4-BR luxury townhouse. Clean and ready. Features of this desirable end unit include: Master BR down; island kitchen; cherry-stained cabinets; 3 bedrooms & 2nd living area up; private patio; walk-in closets provide abundant storage; plentiful natural light. Convenient to Hwys 75, 635 & Bush Tpke; neighborhood shops, restaurants & Huffhines Park-Rec Center. Come enjoy the lifestyle you deserve! Buyer to verify all info.

Buyers are in the market

Mortgage applications surge on spring demand http://www.cnbc.com/id/102551267