Dallas Area Residential Real Estate Report: August 2017

Thursday, August 31, 2017

Dallas Arboretum and Botanical Garden presents Labor Day Weekend

Dallas Arboretum and Botanical Garden will celebrate Labor Day weekend with fun activities and treats for the whole family.

New Program to Help Buyers Bypass Appraisals

Those who qualify for an automated appraisal could save up to $500 in fees and make it to settlement up to 10 days sooner

Home sales drop—again—and will continue ‘unless supply miraculously improves’

Buyer traffic continues to be higher than a year ago, the typical listing has gone under contract within a month since April

Wylie Texas Residential Sales Report for July

Sales were great in July

July saw sales in the Wylie area up 27% when compared to last July. The average sales price increased 4% and the median sales price rose 5%. Pending sales were also strong rising 24%. We can anticipate that the August sales number will be up. The number of new listings was flat but the active listings jumped 50%. Even with this large increase in active listings, the months of inventory only climbed to 2 months. It's still very much a Sellers Market in Wylie.

Sales: 132

Average Sales Price: $304,897

Median Sales Price: $286,000

Pending Sales: 146

New Listings: 167

Active Listings: 234

Months of Inventory: 2

Information provided by The Real Estate Center

Wednesday, August 30, 2017

A Foolproof Formula to Make Any Blank Wall Sensational

Blank walls are BORING. To turn that situation around, don't just stop after a coat of paint or a piece of art.

First Friday at Dallas Farmers Market

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

There are no more low-priced homes

On the lower end, there is virtually no property at a very low price level anymore

Hurricane Harvey: How You Can Help Now

Watching all of this may make you feel helpless, but there are ways you can get involved now:

Garland TX Residential Sales Report for July

Sales were really hot in July

Sales were up a strong 22% in July as compared to last July. The average sales price rose 20% and the median sales price climbed 24%. I know those increases look terrible if you are a buyer, but sales have been concentrated in the upper price ranges and that's pulling the averages up. Pending sales declined 1% but after such a large rise in sales that's to be expected. The number of new listings increased 6% while the active listings were up 45%. Even with this large increase, the months of inventory only rose to 1.3 months. It's a Sellers Market for sure.

Sales: 228

Average Sales Price: $221,626

Median Sales Price: $205,000

Pending Sales: 205

New Listings: 258

Active Listings: 238

Months of Inventory: 1.3

Information provided by The Real Estate Center

Tuesday, August 29, 2017

Just Listed! North Dallas Condo

18240 Midway #905, Dallas, TX 75252

Great North Dallas Location for this 1 bedroom/1.1 bath priced at $119,900

Additional Information and Pictures

Frisco, McKinney, Allen top nationwide real estate market ranking

Richardson and Carrollton also made it into the top 10.

Carrollton/Farmers Branch Residential Sales Report for July

It's still a Sellers Market

Sales were up 7% in the Carrollton/Farmers Branch area in July as compared to the same time last year. The average sales price rose 12% while the median sales price increased 11%. Pending sales declined by 5% but I would not read anything into this number at this time. The number of new listings fell 2%. However, the active listings jumped 22%. The months of inventory rose to 2.5 months. This is still well short of the 6 months that is considered a balanced market.

Sales: 362

Average Sales Price: $406,614

Median Sales Price: $354,250

Pending Sales: 354

New Listings: 482

Active Listings: 763

Months of Inventory: 2.3

Information provided by The Real Estate Center

Monday, August 28, 2017

Dallas Heritage Village presents "Neighborhoods We Called Home" opening day

The exhibit explores the historic neighborhoods of Dallas

Here’s why new home sales tanked

Sales are suffering, dropping an unexpected 9.4 percent in July compared to June,

Sunday, August 27, 2017

Home Staging Ideas for the Kitchen to Make Buyers Bite

To make sure this critical area is perfectly poised to woo buyers, try these home staging ideas for your kitchen and get some offers cooking.

10 Sneaky Ways to Make Your Kitchen Look Expensive

There's no denying that the kitchen has become the focal point of the modern home, the place where the outsize influence of the Food Network and HGTV converge.

Saturday, August 26, 2017

Design Mistakes that Bring Your Bathroom Down

(Image credit: William Strawser)

It's worth considering, before you start, some common mistakes made by bathroom remodelers — and how you can avoid them yourself.

Friday, August 25, 2017

Klyde Warren Park presents Movies in the Park: Beauty and the Beast

How about a free movie

Thursday, August 24, 2017

Year of Unity presents Together We Ball

Photo courtesy of Year of Unity

Project Unity’s 3rd annual Together We Ball is a family-friendly event designed to foster unity and relationships between the Dallas community and law enforcement.

Frisco TX Residential Sales Report for July

Frisco sales jump

Frisco saw an 18% increase in residential sales in July as compared to a year ago. The average sales price rose 10% and the median sales price climbed 6%. There was a small decline of 4% in the number of pending sales. as in other areas we saw an increase in the number of new listings. In Frisco's case the new listings were up 9%. The active listing rose 31% taking the months of inventory to3.2 months. with 6 months considered a balanced market we are will short of that number and Frisco is still a Sellers Market.

Sales: 462

Average Sales Price: $445,438

Median Sales Price: $389,950

Pending Sales: 398

New Listings: 578

Active Listings: 1,097

Months of Inventory: 3.2

Information Provided by The Real Estate Center

Wednesday, August 23, 2017

2017 McKinney Classic Film Festival

Photo courtesy of McKinney Classic Film Festival

This year’s McKinney Classic Film Festival will showcase five MGM© films during the three-day festival, which offers great classic films, dynamic guests, activities, and plenty of popcorn, too, all in Historic Downtown McKinney

McKinney TX Residential Sales Report for July

McKinney sales just keep on trucking on

Residential Sales were up 5% in McKinney in July as compared to last July. The average sales price rose 9% while the median sales price climbed 10%. Pending sales were up a scant 1%. The number of new listings increased 8 %. The number of active listings took a huge jump of 49%. this took the months of inventory to 3.3 months. It hasn't been this high in a long time. While buyers have more to choose from, The number of homes for sale is still well short of the 6 months that is considered a balanced market.

Sales: 282

Average Sales Price: $338,873

Median Sales Price: $313,500

Pending Sales: 277

New Listings: 437

Active Listings: 778

Months of Inventory: 3.3

Information provided by The Real Estate Center

Tuesday, August 22, 2017

Reunion Tower presents Reunion Lawn Party

The Reunion Lawn Party Summer Series features live music, food trucks, lawn games, and special Lawn Takeovers by Dallas pro sports teams.

Allen TX Residential Sales Report for July

Sales were off

Sales fell 11% in the Allen area in July as compared to last July. Pending sales were up 7% so this just looks like some aberration in the market. The average sales price rose 10% while the median sales price was up by 3%. The number of new listings increased 15% and the active listings rose 31%. While this increase is great for buyers, the months of inventory only increased to 2.6 months. With 6 months considered a balanced market the Allen market is still very tilted to the sellers side.

Sales:138

Average Sales Price: $392,612

Median Sales Price: $335,000

Pending Sales: 158

New Listings: 205

Active Listings: 318

Months of Inventory: 2.6

Information provided by The Real Estate Center

Monday, August 21, 2017

Little D Markets presents Commerce Street Night Market

Photo courtesy of Little D Markets

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

US home construction slumped in July

Builders are attempting to meet that need but are hamstrung to a degree by shortages of skilled workers and land restrictions.

Sunday, August 20, 2017

Top spots in Dallas-Fort Worth to view the solar eclipse

Favorite places for eclipse watching include community centers, museums, observatories, parks, or open fields. But NASA says your own backyard is good, too.

Saturday, August 19, 2017

Deep Fried Froot Loops & Tamale Doughnuts Are Among This Year’s State Fair Finalists

With the start of the State Fair of Texas just a few short weeks away, the deep-fried finalists for this year’s Big Tex Choice Awards have officially been announced.

Friday, August 18, 2017

Good Local Markets presents V Market Vegan Pop-Up

Dallas’ favorite all-local farmers market, Good Local Markets and vegan pop-up V Market DFW, come together for a special market at Tyler Street in Oak Cliff.

D-FW tops the country in single-family home construction

Median D-FW new home prices are more than $100,000 higher than they were 10 years ago.

Thursday, August 17, 2017

NorthPark Center presents 2017 NorthPark AutoShow

Photo courtesy of NorthPark Center

All coins tossed into the Dillard’s Fountain during the month of August will be donated to the Assist the Officer Foundation.

Plano TX Residential Sales Report for July

Plano remains in high demand.

Plano sales in July were up 7%. The average sales price rose 12% while the median sales price increased 11% as compared to the same time last year. Pending sales declined 5%. Would not read anything into that number. The new listings fell 2% but the active listings rose 22%. The months of inventory now stands at 2.5 months. 6 months is considered a balanced market so we are still very tilted to the sellers side.

Sales: 362

Average Sales Price: $406,614

Median Sales Price: $354,250

Pending Sales: 354

New Listings: 482

Active Listings: 763

Months of Inventory: 2.5

Information provided by The Real Estate Center

Wednesday, August 16, 2017

DFW Restaurant Week

The 20th anniversary of DFW Restaurant Week will feature more than 20 days of dining out for a deal, supporting the North Texas Food Bank & Lena Pope.

Lake Highlands/NE Dallas Residential Sales Report for July

Lake Highlands/NE Dallas sales were really jumping!

Wow! Sales were up 40% compared to the same time last year. The average sales price fell 1% but the median sales price rose 4%. Just some small changes in the makeup of the sales for the month.

The pending sale number was also up a strong 18%. Looking good for August sales. The number of new listings increased 12%. The active listings were up 13%. While an increase in inventory is always welcomed buy the buyers, these increases only took the months of inventory to 2.3 months. Very short of the 6 months considered a balanced market.

Sales: 98

Average Sales Price: $409,646

Median Sales Price: $399,000

Pending sales: 77

New Listings: 93

Active listings: 149

Months of Inventory: 2.3

Tuesday, August 15, 2017

Nasher Sculpture Center presents 'til Midnight

Nasher Sculpture Center presents 'til Midnight/

How about a free concert and a movie!

Richardson TX Residential Sales Report for July

Richardson remains a hot market!

Sales increased 7% in Richardson during July as compared to last July. The average sales price rose 6% and the median sales price also increased 6%. Pending sales dropped 9%. don't know what that will turn out to mean for August. New Listings declined 9% but the active listings increased 17%. The months of inventory increased to 1.3 months. Demand in Richardson is very heavy and there could be a lot more sales if there were just the inventory to meet buyer demand.

Sales: 114

Average Sales Price: $300,320

Median Sales Price: $275,000

Pending Sales: 118

New Listings: 137

Active Listings: 126

Months of Inventory: 1.3

Information provided by The Real Estate Center

Monday, August 14, 2017

Dallas-Fort Worth has top two spots in U.S. based on 5-year economic forecast

Over the next five years, America’s fastest growing cities will be in “sprawling, suburban metro areas,”

Sunday, August 13, 2017

2 Clever Tips To Make Painting Your Home Easier

Painting is one of the easiest and least expensive ways to transform a space. But it can also be a hassle, what with all that taping and prepping and cleaning up. These clever tips can make it easier. Fun, even. (That might be a stretch.)

Saturday, August 12, 2017

5 Tricks to Rejuvenate a Run-Down Patio on a Budget

Whether you love to entertain friends or bask in the sun with a cocktail and a novel, here are five easy ways to inject new life into your little corner of nature.

What’s Next for Smart Home Technology?

Now experts from Forbes Technology Council have announced their predictions as to what will be next for smart home technology.

Friday, August 11, 2017

2017 Addison Summer Series

How about a free concert Saturday night?

Far North Dallas Residential Sales Report for July

Far North Dallas sales were up 6% as compared to last July. The average sales price fell 5% while the median sales price rose 3%. Just some monthly gyrations in the makeup of the sales. Pending sales jumped up 12% so it looks like August sales will be up. The number of new listings fell 6% but the active listings increased 3%. The months of inventory fell to 2.6 months. We are still very tilted in the sellers side.

Sales: 100

Average Sales Price: $446,934

Median Sales Price: $405,250

Pending Sales: 118

New Listings: 144

Active Listings: 242

Months of Inventory: 2.6

Information provided by The Real Estate Center

Thursday, August 10, 2017

Dallas Farmers Market presents Walkabout with a Chef

Photo courtesy of Dallas Farmers Market

If you have an interest in cooking, you should check this out

North Dallas Residential Sales Report for July

Sales were up 18% in North Dallas in July as compared to the same time last year. The average sale price increased by 16% and the median sales price rose 21%. Had a number of million plus homes sell that pulled up the median price. Pending sales were up a strong 11% so we can anticipate that August sales numbers will be positive. New listings climbed 16% and the active listings were up 9%.

The months of inventory now stands at 6 months. The supply/demand in this area is in balance.

Sales: 59

Average Sales Price: $989,279

Median Sales Price: $850,000

Pending Sales: 70

New Listings: 114

Active Listings: 371

Months of Inventory: 6

Information provided by The Real Estate Center

Wednesday, August 9, 2017

NorthPark Center presents ArtROCKS! featuring Frida Kahlo

Photo courtesy of NorthPark Center

Children will enjoy art projects with Artist DIY, Creative Arts Center, KidArt and Sour Grapes

Dallas Area Residential Sales Report for July

Sales just keep on coming!

July saw an 11% increase in sales as compared to last July. The average sales price rose 10% while the median sales price climbed 9%. Pending sales were up 5%. The number of new listings increased by 3% while the active listings came in up 10%. The months of inventory remained the same as last month at 2.6 months. We are still well short of the 6 months normally considered a balances market.

Sales under $189,999 are actually negative due to the extreme shortage of lower price properties. The price range between $200,000 and $399,999 continues to be the largest amount of sales. This range represents 49.5% of all sales.

Sales: 10,545

Average Sales Price: $304,996

Median Sales Price: $250,000

Pending Sales: 10,794

New Listings: 13,175

Active listings: 22,660

Months of Inventory: 2.6

Information provided by The Real Estate Center

Tuesday, August 8, 2017

Dallas Farmers Market presents Boho Pop-Up

Join us as we celebrate community and small businesses. Admission and parking are FREE!

Monday, August 7, 2017

UPTOWN “BACK TO SCHOOL” KIDDO’S CARNIVAL!

Squeeze in your last bit of summer fun at this FREE EVENT in Uptown!

Saturday, August 5, 2017

7 Paint Colors That Won't Go Out Of Style

pinterest.com

Choose from these classic shades and trend-proof those walls.

6 ways to break the mold on kitchen design

Photo by Designstorms LLC

Whether you’re looking to add some character, break the traditional work triangle rules or create a display shelf for favorite dishware, these trending new kitchens offer plenty of ideas.

Friday, August 4, 2017

Vitruvian Park presents Salsa Festival

Photo courtesy of Vitruvian Park

The Vitruvian Salsa Festival takes over Vitruvian Park’s Amphitheater every Saturday night in August.