A blog about residential real estate in the Dallas area including Far North Dallas, Richardson, , Plano, Allen, McKinney, Frisco, Prosper, Celina Carrollton-Farmers Branch, Garland, and Wylie.
Sales were up 10% in Frisco in February as compared to the same time last year. The average sales price rose 6% and the median sales price increased 1%. Pending sales climber 8% so we can anticipate next months sales will be positive. The number of active listings were up 1% but the number of active listings jumped 33%. This caused the active listings to move to 2.1 months. Still not a great supply when you consider that 6 months is a balanced supply.
Old East Dallas’ Munger Place neighborhood is holding a wine walk and tour of homes in the historic district on April 1st. We will be featuring a tour of beautifully preserved and restored early-1900s residences. Come stroll through Munger Place while sipping wine provided by Jimmy's Food Store and hors d'oeuvres provided by local restaurants while you step back to the early 1900s.
McKinney single-family sales were up 6% in February as compared to the same time last year. The average sale price increased 14% while the median sales price rose 13%. Pending Sales were flat. We did see a nice jump of 19% in the number of new listings and the active listings increased 38%. It looks like most of the increase was in builders listings they new homes. The months pf inventory now stands at 1.9 months. With 6 months being considered a balances market, we are still very tilted to the seller side.
Sales were up 7% in February as compared to the same time last year. The average sales price increased 10% and the median sales price rose 8%. Pending sales took a sharp drop of 22%. Not sure what caused that drop unless it was the shortage of inventory. New listings fell 15% and this dropped the active listings to a minus 5%. The months of inventory declined to 1.2 months.
By the way, if you are looking for a home under $200,000 you had better concentrate your search somewhere besides Allen. As of this writing, there is only 1 home listed in MLS under $200,000.
Sales increased 21% in Plano compared to the same time last year. The average sales price rose 14% while the median sales price climbed 15%. Pending sales were up 17% so we can anticipated next months sales numbers should be positive. The number of new listings rose 4% and the active listings increased 2%. This brought the months of inventory to 1.2 months.
Sales: 268
Average Sales Price: $395,021
Median Sales Price: $336,000
Pending Sales: 323
New Listings: 323
Active Listings: 358
Months of Inventory: 1.2
Our name, Highland Meadows, reflects that we are part of the greater Lake Highlands area and is also reminiscent of a time when the region consisted primarily of open meadows and farmland.
Sales were up by 4% in February as compared to last February. The average sales price increased 12% and the median sales price also rose 12%. Pending sales fell 12%. Just some kind of a monthly blip. New listings increased 13% and the active listings climbed 7%. this caused the months of inventory to increase to a whopping 1.8 months. With 6 months considered a balanced supply, we are very much still tilted to the Sellers side.
Sales fell 4% in February as compared to the same time last year. However, pending sales were up 4% so it's just some gyration in the market. The average sales price increased 14% while the median sales price rose 11%. The number of new listings dropped 6% and the active listings took a nose dive. down 30%. The months of inventory fell to 0.6 months. It's very difficult for buyers in this market.
Sales: 68
Average Sales Price: $2892,672
Median Sales Price: $270,000
Pending Sales: 103
New Listings: 102
Active Listings: 56
Months of Inventory: 0.6
Even if mortgage rates begin creeping up, home buyers can take some solace in the fact that rates will likely remain well below the national average of 20 years ago.
A fresh coat of paint is one of the easiest and most affordable home improvement projects to tackle prior to a home sale that can make a big difference.
Serious home chefs, or just house-proud owners, might consider the kitchen their showstopper room—the one that will stop potential buyers dead in their tracks.
'til Midnight at the Nasher presents live outdoor concerts featuring the best in regional music talent paired with film screenings in the Nasher Garden.
Dallas Heritage Village will present Spring Fling: “Jumbo Fun” to encourage kids to get up and get out and enjoy the great outdoors with some oversized classic games and old fashioned fun.
Far North Dallas Residential Sales Report for February
Sales fell 14% in February as compared to last year. I would not read anything into this number because pending sales were up 12% so it just looks like some gyration in the market. The average sales price climber 20% while the median sales price rose 5%. The number of new listings rose 5% but the active listings declined 15%. This dropped the months of inventory to 1.6 months.
Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas
Firefly Run 5K/10K Photo courtesy of Yow Midia The Firefly Run is a cool, eye-dazzling, illuminated nighttime 5K/10K race.