Dallas Area Residential Real Estate Report: May 2017

Wednesday, May 31, 2017

First Friday at Dallas Farmers Market

First Friday at Dallas Farmers Market features local merchants, artisans, brews, food, and live music.

Dallas-area had third highest U.S. home price gain in March

While prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing

Garland Neighborhoods-Firewheel Estates

Firewheel Estates is a golf course community located in north Garland

Garland TX Residential Sales Report for April

Sales in Garland for April were down 3%. due to the very low supply of homes for sale, buyers are having a difficult time finding a home to purchase. The average sales price rose 17% while the median sales price increased 22%. Sales continue to be concentrated in the upper price ranges. Pending sales were off by 4%. The number of new listings climber by 12% and the new listings jumped 74%. In this market an increase in inventory is always welcome bu the buyers, This increase only took the months of inventory to 1 month. with 6 months being a balanced market, we are still very heavily tilted to the sellers side.

Sales: 175

Average Sales Price: $202,846

Median Sales Price: $193,250

Pending Sales: 215

New Listings: 221

Active Listings: 165

Months of Inventory: 1

Information provided by The Real Estate Center

Tuesday, May 30, 2017

How to size an island that's right for your kitchen

The kitchen island embodies all that we love about open-concept homes: It is functional, social and adaptable.

Celebrate Plano's 144th Birthday at our Summer Kick-off Party

This awesome but exclusive event is open and FREE OF CHARGE to Plano Moms

There are tons of newly built homes – just the wrong kind

Builders say they can't lower prices much or build cheaper starter homes because of the high costs of land, labor and materials.

Carrollton/Farmers Branch Neighborhoods-Johnston Park

Johnston Park is a neighborhood of 1950s ranch homes and is located just south of Brookhaven Country Club

Carrollton/Farmers Branch Residential Report for April

Sales were up sharply in April. A 22% jump as compared to last April. The average sales price rose 9% as did the median sales price. With a 12% increase in the pending sales number, we can look forward to Mays sales being positive. The number of new listings increased 22% while the active listings increases 8%. This caused an increase in the months of inventory to 1 months. With 6 months being a balanced market you can readily see how tilted we are to the sellers side. It does not look that this situation is going to change anytime soon.

Sales: 198

Average Sales Price: $308,574

Median Sales Price: $276,750

Pending Sales: 199

New Listings: 230

Active Listings: 159

Months of Inventory: 1

Information provided by the Real Estate Center

Monday, May 29, 2017

Let's Remember What Memorial Day is About

To many Americans, Memorial Day has lost its meaning

Sunday, May 28, 2017

3 Houses Are Sculptures In Their Own Right

Interesting Homes!

How to Clean Dingy, Scuffed Walls

An expert reveals everything you need to know, from the best products to the proper method

9 Mortgage Myths That'll Cost You if You Aren't Careful

Homeownership could be a nightmare if you fall for one or more of these misconceptions.

MEET PLANO’S HOT AIR BALLOON, “EXCELLENCE”

DID YOU KNOW PLANO HAS ITS OWN HOT AIR BALLOON?

Saturday, May 27, 2017

Top 10 Benefits of Buying a Home: Do You Know Them All?

If you need some inspiration to start house hunting or just want to make sure you’re taking advantage of all that homeownership has to offer, check out this top 10 list of perks that will repay your hard work from now well into retirement.

How Much Does a Home Inspection Cost (and How Much Can It Save You)?

Buying a home is a huge investment—and you can’t exactly read Amazon reviews to get a sense of any problems that might crop up after you’ve plunked down your money. That’s why it’s smart to get a home inspection before you close the deal.

Friday, May 26, 2017

Dallas-Fort Worth for Art Lovers

If you love art, the Dallas-Fort Worth area is definitely the place for you.

Dallas Metro Area Tops Forbes List for Best Cities for Jobs

The Dallas-Irving-Plano area is atop Forbes' list of top cities for jobs.

Homebuilders sue Zillow over legality of its home valuations

Homebuilders in suburban Chicago say the estimates are stalling sales by providing lowball figures on values

US existing home sales slipped 2.3% in April as supplies tighten -

Demand is easily outstripping supply in most of the country and it's stymieing many prospective buyers from finding a home to purchase

Thursday, May 25, 2017

First bike-share program wheels into Frisco

Photo courtesy of Zagster

The program provides tenants and visitors of Hall Park with a convenient way to get around the park and its surrounding environs. The program began on May 19.

Little D Markets presents Commerce Street Night Market

Guests can shop local, enjoy great food and beer, participate in workshops, and be entertained into the night.

Experts: New home sales need to double to hit historic norms

Experts point out new home sales still high compared to 2016

Frisco Neighborhoods-Dominion at Panther Creek

Dominion is a community with a slight slope terrain, rather than the typical flat North Texas landscape. The community also enjoys Coyote Crossings Park that has a large pavilion with barbeque grill and play area.

Frisco TX Residential Sales Report for April

No sales slowdown in Frisco. In April sales were up 11% as compared to the same month last year. The average sales price increased 3% and the median sales price was up the same number. Pending sales rose 16% so we can anticipate the next months sales numbers will be up. The number of new listings increases 3% while the active listings were up 32%. This took the months of inventory up to 2.7 months. Until the months of inventory rises to 6 months, we will be in a sellers market.

Sales: 314

Average Sales Price: $436,906

Median Sales Price: $380,000

Pending Sales: 403

New Listings: 498

Active Listings: 866

Months of Inventory: 2.7

Information provided by The Real Estate Center

Wednesday, May 24, 2017

9 Outdoor Trends You Need To Know

Outdoor living isn't just about being outside. Today, it's about bringing all the comfort of the indoors out.

McKinney-Free Summer Party

The Free Summer Party at Apex Centre is 7-10 p.m. May 27

New-home sales plunge by a lot more than expected

Most of the sales were not made in the affordable end of the market, or homes costing less than $200,000.

McKinney TX Neighborhoods-Eldorado

Eldorado is an older neighborhood that is build around the Eldorado Country Club golf course

McKinney TX Residential Sales Report for April

Sales were up 4% in April . The average sales price rose 6% while the median sales price increased 9%. Part of these increases are caused by the extreme shortage of properties under $200,000. A quick check of the MLS returns only 1 property currently listed in McKinney for under $200,000. The number of pending sales dropped 1%. Just some gyrations in the market. New listings declined 1% but the active listings rose 44%. while this sounds like good news for buyers, the months of inventory only climbed to 2.2 months. with 6 months being considered a balanced market, we a still very tilted to the sellers side.

Sales: 261
Average Sales Price: $340,232
Median Sales Price: $325,000
Pending Sales: 294
New Listings: 341
Active Listings: 504
Months of Inventory: 2.2

Imformation provided by The Real Estate Center

Tuesday, May 23, 2017

A Guide To Interior Painting In Your New Home

If you just bought a house, painting it is no doubt high on your to-do list.

New Texas farmers markets sprouting like spring bluebonnets

Farmers markets are an excellent place to source your Memorial Day cookout, from locally pastured meats for your grill to victuals that are ready to eat.

Think Home Prices Are High Now? Why They're Likely to Keep Going Up

Buyers might want to sit down for this: Homes flew off the market like the hottest of hotcakes in the first quarter of the year—causing prices to rise even higher than predicted in many parts of the nation.

Allen TX Neighborhoods-Shadow Lakes

The neighborhood combines wide streets, many cul de sac lots, ad a creek with jogging trails

Allen TX Residential Sales Report for April

Sales continue to increase in Allen! Sales were up 7% as compared to last April. The average sales price was flat but the median sales price rose 10%. Sales in the upper price ranges continue to dominate the market. The pending sales number fell 4%. Just some monthly gyration in the market. The new listings dropped 24% but he active listings remained unchanged. The months of inventory increased to 1.6 months. Not a great number if you happen to be a buyer.

Sales: 128

Average Sales Price: $378,219

Median Sales Price: $347,470

Pending Sales: 153

New Listings: 167

Active Listings: 209

Months of Inventory: 1.6

Information provided by The Real Estate Center.

Monday, May 22, 2017

7 Trees That Will Wreck Your Yard and Ruin Your Life

Not all trees are good trees

How much avocado toast would you have to give up to buy a home?

An Australian millionaire told millennials to stop buying avocado toast if they want to afford a home. It got us wondering, how much avocado toast would you have to give up to purchase a home?

New home construction takes a blow in April

But housing starts see slight increase

Dallas housing market on pace for another record year

Sales of existing single-family homes in Dallas–Fort Worth, TX, during Q1 were on pace to equal or surpass 2016's figures

Sunday, May 21, 2017

The Sneaky Science of Selling Your Home Revealed!

With a decision as weighty as a home purchase, one might think that buyers deliberate over all the pros and cons before they decide to sign on the dotted line. Yet studies show this is not the case.

5 Things to Expect When You Choose the Wrong Realtor

How bad can it be?

12 Ways to Make a Fantastic First Impression on Buyers

If your home is for sale, or soon will be, creating a positive first impression is one of the most important things you can do.

Saturday, May 20, 2017

Home Renovation Projects with the Best ROI

Many people are interested to know what kind of return on investment they can expect when upgrading certain items in their homes and which items they should prioritize first