Dallas Area Residential Real Estate Report: December 2016

Saturday, December 31, 2016

Friday, December 30, 2016

I'll be back next year!

See you in the new year with more Dallas area real estate news,events,fun things to do, and advice about you home.

How to Reinvent a Room to Attract Buyers

Master bath staged by PJ & Company Staging and Interior Decorating

Since time and money is something prospective sellers are cautious about wasting, we put together the following list of practical ways to attract buyers and increase resale value without drastically changing your home’s footprint.

Looking for something to do with the kids on New Years Day

Day 1 Dallas @ Fair Park in Dallas

What better way to celebrate New Year’s Day than with family-friendly fun at Fair Park?

Breaking Down Housing for 2017

A sector-by-sector look at the housing industry from the perspective of those who know it best.

Thursday, December 29, 2016

Frisco,Texas Neighborhoods

Frisco,Texas Neighborhoods-Stonebriar

Stonebriar is a golf course community located near the new Toyota complex.

Frisco TX Residential Sales Report for November

Single-Family:

Frisco joined a number of the other areas with a large increase in sales. In Frisco's case sales were up 36%.
The average sales price was up 2% while the median sales price increased 3%. Pending sales declined 1%. The number of new listings rose 27% and the active listings jumped up 33%. There is now a 2 month supply of homes for sale. It's still a Sellers Market!
The lowest priced home currently on the market in Frisco is $285,500.
About 44% of the homes listed in MLS are builders new homes with a median list price of $530,000.

Sales: 300
Average Sales Price: $414,039
Median Sales Price: 358,000
Pending Sales: 260
New Listings: 295
Active Listings: 664
Months of Inventory: 2

Information provided by The Real Estate Center

Waco and Dallas are the hottest home search markets in the country...

All 10 of the top home search locations in the nation were in the Lone Star State, according to Realtor.com, an online home marketing site.

Not so a-Lone Star State: Why Texas adds almost 1200 residents per day...

The state’s economy, like its residents, is more diverse than in the past.

Dallas is No. 1: D-FW area has the top US home market, says Freddie Mac

North Texas median home sales prices are at an all-time high — up more than 40 percent in the last four years.

Wednesday, December 28, 2016

McKinney Texas Neighborhoods

McKinney Texas Neighborhoods-Stonebridge Ranch

Stonebridge Ranch is a very large community with a range of home prices to fit just about everyone. It also has just about all the aminities you could ask for.

McKinney TX Residential Sales Report for November

Single-Family:

Sales in McKinney for November were up by 11%. The average sales price rose 12% and the median sales price increases 13%. Pending Sales were flat, don't know what that may mean for December sales. The number of new listings declined 13%. but the active listings rose 18%. Unfortunately this increase in the active listings only drought up the months of inventory to 1.7 months. This is well short of the 6 months that is considered a balanced market.
If you are looking for a home under $200,000, McKinney is not the place to look. As of this writing, there were 2 homes for sale under $200,000.
About 42% of the MLS listings are builder new homes. The average price for these homes is around $430,000.

Sales: 188
Average Sales Price: $339,430
Median Sales Price: $310,000
Pending Sales: 205
New Listings: 188
Active Listings: 401
Months of Inventory: 1.7

Information provided by The Real Estate Center.

Kitchen Features Buyers Will Pay More For

OK this one may be a little over the top unless you happen to have a multi-million dollar home but,

A great kitchen can help you sell a home, and real estate professionals are making sure to spotlight it in their marketing.

Refacing Your Kitchen Cabinets: The Options and Costs

Refacing might be “superficial,” but the results and savings are dramatic.

Housing's big question - what will happen when buyers think 4% rates are 'crazy

The average 30-year fixed-rate mortgage has jumped 76 basis points in the weeks since the presidential election, and most housing analysts think it’ll go even higher in 2017.

Tuesday, December 27, 2016

Allex Texas Neighborhoods

Allex Texas Neighborhoods-Glendover Park

Glendover Park is a master-planned neighborhood featuring approximately 560 beautiful homes located in Allen, Texas. Residents enjoy a large community pool, two playground areas and an expansive park area with a pond, fountain, pavilion, fishing pier and walking path.

Allen Texas Residential Sales Report for November

Single-Family:
Well Allen sales certainly did not disappoint. Sales were up by 33%. The average sales price climbed 12% while the median sales price rose 11%. Pending sales also showed a nice increase of 20% so it looks like December will be a good month. The number of new listings dropped 4% but the active listings increased by 7%. The months of inventory remains unchanged at 1.4 months.
As of the date of writing this post there is 1 home listed in Allen under $200,000.
About 30% of the MLS listings are builders new homes. The average listings price is about $600,000.

Sales: 117
Average Sales Price: $361,565
Median Sales Price: $310,000
Pending Sales: 128
New Listings: 102
Active Listings: 177
Months of Inventory: 1.4

Information provided by The Real Estate Center

Dallas-area home prices now a third higher than before recession

History is not repeating itself, and there is little risk of that happening as long as the national market continues to be driven by fundamentals."

Why Aren't Home Builders Building?

Home-builder confidence is at its highest level in years. But home building dropped 19 percent in the most recent month.

Saturday, December 24, 2016

How to Decide Between a Quilt, Duvet, Coverlet or Bedspread

A bed’s outermost layer commands a lot of attention thanks to its size and dominance in a bedroom’s decor, so it’s important to choose your style and material wisely.

Friday, December 23, 2016

MERRY CHRISTMAS

Wishing you all a merry Christmas!

I'll be back blogging next week so check in and you will find my monthly sales reports covering Allen, McKinney, and Frisco plus other real estate news,information, and local events.

Winter Gardening: Plants that Provide Beauty All Year Round

Winter gardens don’t have to be wastelands of dead plants and snow drifts. A little advance planning will give your yard curb appeal during the coldest months of the year.

CoreLogic predicts housing market growth in 2017

Home prices projected to moderate

Borrowers brush off rising rates, pushing mortgage applications 2.5% higher

After watching interest rates rise for nearly two months, homebuyers and homeowners took baby steps back into the mortgage market.

Thursday, December 22, 2016

Plano Texas Neighborhoods-Hunters Glen

Hunters Glen is a large neighborhood located on the west side of Plano

Plano Texas Single-Family Home Sales Report for November

Sales were up sharply in Plano rising 17% as compared to November of last yaer. The average sales price continues it's march higher with a small 1% gain but the median sales price jumped 10%. Has several high priced sales that pulled the median up. Pending sales were up only 1% so December looks kind of iffy. The number of new listings rose 23%. Haven't seen that kind of increase in a long time. The active listings also had a nice increase of 15%. While it's good to see more inventory on the market, the months of inventory only increased to 1.6 months leaving us still very much in a Sellers Market.

Sales: 270
Average Sales Price: $353,465
Median Sales Price: $330,500
Pending Sales: 275
New Listings: 300
Active Listings: 469
Months of Inventory: 1.6

Information provided by The Real Estate Center

McKinney Avenue Transit Authority presents M-Line Holiday Express

Photo courtesy of Dallas CVB

The conductor on board will be dressed as an elf and will serve the kids and families with hot chocolate, cookies, and give away toys.

Can You Hack It in a Tiny House?

What is a tiny house? Sure, it's cute, but exactly how small can it be, what does it cost, and is this lifestyle right for you? Watch for the big answers on the tiny house trend.

Developers working on office, apartment, hotel projects at Valley View site in Dallas

After years of planning and talk about construction, work is finally ready to start on redevelopment of the old Valley View Mall in North Dallas.

U.S. existing home sales rise to near 10-year high

U.S. home resales unexpectedly rose in November

Wednesday, December 21, 2016

The All White Room. It’s a Trap!

So… you’ve been seeing all those great staging projects, magazine covers, and television living rooms that look so pretty because they are all white.

Lake Highlands/NE Dallas Neighborhoods

Lake Highlands/NE Dallas Neighborhoods-Lake Highlands

Lake Highlands is a very large neighborhood with a number of sub-neighborhoods that each have a character of their own. It's located in the City of Dallas and the Richardson School District.

Lake Highlands/NE Dallas Residential Sales Report for November

Single-Family:

Sales increased 46% in this area as compared to a year ago. The average sales price jumped 19% and the median sales price rose 21%. Sales continue to be concentrated in the upper price ranges. Pending sales increased 6% so we are probably looking at a positive sales number for December. The number of new listings climber 15% but most of these were gobbled up by buyers leaving the active listings down 4%. The months of inventory fell to 1.8 months.

Sales: 60
Average Sales Price: $425,988
Median Sales Price: $408,950
Pending Sales: 57
New Listings: 69
Active Listings: 120
Months of Inventory: 1.8

Information provided by The Real Estate Center

Neiman Marcus presents Lightwire Theater

Each evening for eight days Lightwire Theater will perform an exclusive mini performance of A Very Electric Christmas in the Neiman Marcus Main Street window.

Home Ownership Key in Retirement

Many retirement security experts argue that the conventional three-legged stool of retirement resources—Social Security, pensions and savings—is incomplete because it ignores the home

A Slowdown in New Home Construction Could Make the Market Even Tighter

Home builders aren’t exactly closing out the year with a bang.

Dallas one of top markets in U.S. for rising home rental costs

Not just the cost of buying houses is soar - the cost of renting them is jumping, too.

Tuesday, December 20, 2016

Here Are the Top Pinterest Home Trends for 2017

Check out the top ten trends that will be sticking around:

Richardson Texas Neighborhoods

Richland Park

Richland Park is a neighborhood built in the early to mid 70s and is popular with young professional couples with children

Richardson,Texas Residential Sales Report for November

Single-Family:

Sales were up a strong 18% in November as compared to last November. The average sales price jumped 20% while the median sales price rose 17%. Pending Sales fell 18%. I guess all of the good properties went under contract leaving very little for potential purchasers to choose from. The number of new listings dropped 1%. The active listings increased 2% but this only took the months of inventory number to 0.9 months. It's a Sellers Market.

FYI As of this writing, the lowest priced property on the market in Richardson is $175,000 and there are 74 single-family homes listed for sale in MLS.

Sales: 103
Average Sales Price: $278,221
Median Sales Price: $259,900
Pending Sales: 81
New Listings: 78
Active Listings: 90
Months of Inventory: 0.9

Information provided by The Real Estate Center

10 Plants to Brighten Your Winter Landscape

Whether you’re buying a new home or updating your landscape for wintertime, there are many different plants to choose from that enjoy cooler temperatures.