Dallas Area Residential Real Estate Report: December 2017

Saturday, December 30, 2017

Happy New Year!

I had a great year and am looking forward to an even better year in 2018.

Wishing you a healthy, happy and prosperous new year.

I'll be back blogging on Tuesday.

Friday, December 29, 2017

The 10 top emerging trends that will shape real estate in 2018

In its annual look ahead, the Urban Land Institute predicts a soft landing

How to Pay Off Your Mortgage Early - and Why to Do It

Most of us dream of the day that our home mortgage will be paid off and we’ll have all that extra cash to spend on the things we have always wanted to do.

Hot Home Trend: Bamboo Everything!

This sustainable material is popping up everywhere.

Home sales flatten in November after a busy few months

Realtors say many would-be buyers from earlier this year, stifled by tight supply and higher prices, are still trying to buy a home

Thursday, December 28, 2017

Frisco Neighborhoods - Dominion at Panther Creek

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report - Frisco TX

There was a slight decline of 1% in sales for November as compared to last November. The average sales price was up 3% while the median sales price fell 1%. Price increases have been moderating. Pending sales came in up 6%. There was a 1% rise in the number of new listings. Active listings shot up 24%. This just shows you how low the supply was last November. While buyers may have a few more homes to choose from, the months of inventory is very low at 2.5 months. 6 months is considered a balanced market. Frisco's well in the sellers side of the equation.

Sales: 290

Average Sales Price: $424,922

Median Sales Price: $357,000

Pending Sales: 275

New Listings: 298

Active Listings: 824

Months of Inventory: 2.5

Information provided by The Real Estate Center

Dallas home prices up 7.1 percent from a year ago

Most forecasts see smaller percentage price gains in Dallas-Fort Worth next year.

Wednesday, December 27, 2017

McKinney Neighborhoods - Brookstone

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report - McKinney TX

Wow! Sales shot up 35% in McKinney in November as compared to the same time last year. The average sales price rose 2% while the median sales price climbed 5%. Pending sales increased 6% so we can anticipate December sales will be positive. The number of new listings were up 31%. The active listings increased 71%. That just shows you who low the active listings were last year. Months of inventory now stands at 2.9 months. We are still very short of the 6 months considered a balanced market. Sellers are in the drivers seat.

Sales: 249

Average Sales Price: $346,858

Median Sales Price: $329,300

Pending Sales: 217

New Listings: 245

Active Listings: 684

Months of Inventory: 2.9

Information provided by The Real Estate Center

Choosing The Best Hardwood Floors For Your Home

Hardwoods help give the impression that your home is well-built with quality materials.

Home prices stay high, up 6.2% from a year earlier, Case-Shiller shows

Low interest rates and the best jobs market in years have created a tailwind that’s fueling demand.

Tuesday, December 26, 2017

Allen Neighborhoods - Bellegrove

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report - Allen TX

Sales were up 8% in Allen compared to last November. The average sales price was flat while the median sales price rose 6%. Pending sales fell 13%. That's a little worrying for December sales. The number of new listings declined 20%. The active listings increased 8%. It's still not very good if you are a buyer with the months of inventory now standing at 1.6 months. 6 months is considered a balanced market.

Sales: 119

Average Sales Price: $359,386

Median Sales Price: $327,600

Pending Sales: 111

New Listings: 82

Active Listings: 191

Months of Inventory: 1.6

Congratulations to the Allen Eagles for winning their 6th Texas Class 6A football championship!

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

Bath and Beyond: Your Guide To Planning a Bathroom Remodel

The first step in any remodel involves coming up with a plan and setting a budget. Take all the time needed in order to prevent unnecessary costly changes later.

3 Solid Ways to Get a Mortgage Loan Approval

The real estate market is competitive just about everywhere, and sellers are expecting buyers to put in competitive offers. In this case, you want to get a mortgage loan to back up your offer.

Saturday, December 23, 2017

MERRY CHRISTMAS!

Here's wishing you and yours a very merry Christmas

I'll be back blogging on the 26th

Friday, December 22, 2017

2017 Prairie Lights

Prairie Lights/Facebook

Prairie Lights is a two-mile, drive-through holiday park experience, situated along the shores of Joe Pool Lake, that boasts a stunning display of more than four million lights and other holiday attractions.

Vitruvian Lights

Photo by Stevan Koy

Vitruvian Park will be transformed into a dazzling and magical holiday wonderland during Vitruvian Lights, when over 1.5 million sparkling LED lights are wrapped around more than 550 trees.

The Star presents Cowboys Plaza Party

Photo by Jeremiah Jhass

Fans can enjoy a festive game weekend atmosphere featuring a live DJ, contests & giveaways, autographs from Dallas Cowboys Cheerleaders, Dallas Cowboys alumni,

Dallas Area Residential Sales Report -For November - Lake Highlands/NE Dallas

Sales were up 35% as compared to last November. Sales prices moderated with the average sales price off by 8% while the median sales price fell 6%. Just some gyration in the makeup of the sales. Pending sales dropped 19%. Not sure what this bodes for next month. The new listings declined 29% while the active listings rose 13%. The months of inventory is now 2 months. A very short supply.

Sales: 78

Average Sales Price: $394,296

Median Sales Price: $385,600

Pending Sales: 46

New Listings: 49

Active Listings: 135

Months of Inventory: 2

Information provided by The Real Estate Center

Thursday, December 21, 2017

Holiday Wonder at Fair Park

Photo courtesy of Holiday Wonder

Magical lights, interactive attractions, performances, and food from around the world will entertain and delight guests.

Existing-Home Sales Soar 5.6 Percent in November to Strongest Pace in Over a Decade

Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end,”

Wednesday, December 20, 2017

The Trains at NorthPark

Photo courtesy of Bank of Texas

Benefiting Ronald McDonald House of Dallas, and presented by Bank of Texas, The Trains at NorthPark will mark its 30th year with more than 750 rail cars on a 1,600-foot elaborate configuration of tracks and scenes.

Plano Neighborhoods - Chase Oaks

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report for November - Plano TX

Home sales just keep going in Plano. In November sales were up 10% over last November. The average sales price increased 20% while the median sales price rose 6%. The pending sales number fell 11%. Normally this would indicate that sales would be off in December, but in this market we'll have to wait and see. The number of new listings dropped 10% while the active listings rose 12%. The months of inventory is now at 1.7 months. We are still very much in a seller's market.

Sales: 279

Average Sales Price: $427,086

Median Sales Price: $355,000

Pending Sales: 244

New Listings: 270

Active Listings: 523

Months of Inventory: 1.7

Information provided by The Real Estate Center.

Tuesday, December 19, 2017

8 Amazing Kitchen Cabinet Colour Palettes

There is no need to break the bank purchasing new cabinets or replacing your whole line-up. With the colour palettes below, even old cabinets can look fantastic!

Dallas Arboretum and Botanical Garden presents Holiday at the Arboretum

Photo courtesy of Dallas Arboretum and Botanical Garden

Dallas Arboretum and Botanical Garden will present Holiday at the Arboretum with several new nighttime events to get everyone in the holiday spirit.

Richardson TX Neighborhoods - Carrington Estates

If You would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report for November - Richardson TX

Sales were down a slight 3% in Richardson in November as compared to last year at this time. The average sales price climber 19% while the median sales price rose 15%. Pending sales were also down by 5%. The number of new listings jumped up 26% and the active listings shot up 46%. While these numbers sound good if you are a buyer, they just reflect how low inventories were last November. The current months of inventory is 1.3 months. Not much help on the buy side.

Sales: 92

Average Sales Price: $329,353

Median Sales Price: $297,500

Pending Sales: 77

New Listings: 98

Active Listings: 126

Months of Inventory: 1.3

Information provided by The Real Estate Center

Monday, December 18, 2017

10 Paint Colors With Cult Followings

(Image credit: Pizzazzerie)

Take a look at these ten lauded colors that the internet can't seem to get enough of .

Trinity River Audubon Center presents Owl Prowl

Visitors will take a guided night hike through the Great Trinity Forest and explore how our senses change with the setting of the sun.

Realtor.com predicts big changes for housing in 2018

Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a foothold in the market will begin to ease next year as part of broad and continued market improvements,

Sunday, December 17, 2017

3 Things Every Self-Employed, Aspiring Homebuyer Should Do

Buying a home when you're self-employed is notoriously tricky. After all, an up-and-down income cycle is—understandably—less appealing to mortgage companies than a dependable paycheck.

Here's how much money you actually take home from a $75,000 salary depending on where you live

Guess where you will do the best!

Hot Home Trend to Watch: The Two-Toned Kitchen

Particularly gray-toned kitchen cabinets are seeing a surge in popularity lately.

7 Bathroom Remodel Ideas That Really Pay Off

Good bathroom remodel ideas aren't just about saving you money. They're about helping you start your day off right.

Saturday, December 16, 2017

5 (Totally Legal) Tricks to Boost Your Credit Score Fast

So, you've decided next year is the year you're finally going to buy a house. Congrats! But now you’re a little panicked because your credit score isn’t exactly going to make lenders swoon.

8 Seductive Shades for Your Living Room

Photo by designjunction - More living room photo

The shade you choose to paint your living room walls really comes down to the atmosphere you're hoping to create.

5 projects that cost $1500 or less and can up the value of your home

It’s the little things.

Friday, December 15, 2017

Find The Right Interior Doors For Your Home

Take a minute to count the number of doors in your house. Surprising, right? Consider then, the impact that a little attention to the doors can have on the overall style and design of your home

Million dollar home sales are soaring in Texas and D-FW...

Signs of a softening housing market are historically first seen among luxury price classes, but there's been no such evidence of a softening market among Texas luxury home sales this year

10 Housing and Mortgage Trends to Watch for in 2018

2018 might continue to be challenging, especially for home buyers. Mortgage rates are likely to rise, reducing affordability.

How the Fed Rate Increase Affects Your Mortgage, Car Loan and Credit Card Bill

Anyone with a credit card will see a small but instant shock to their interest rate, followed by borrowers with student and auto loans and, eventually, mortgage holders

Thursday, December 14, 2017

4 Cheap And Chic Window Treatment Ideas That Aren't Drapes

The wrong window treatment can call attention to a poor view, mask a good one, and make a room look overall drab.

Plano Symphony Home for the Holidays Concert

"Home for the Holidays” includes seasonal favorites for orchestra and chorus, the popular audience sing-along, visitors from the North Pole, humor, the great pipe organ at St. Andrew United Methodist Church, and surprises.

Far North Dallas Neighborhoods - Midway Meadows

If you would like to see the current listings and solds in this neighborhood Click Here

Far North Dallas Residential Sales Report for November

Sales Fell

There was a 16% decline in sales in Far North Dallas in November as compared to the same time last year. The average sales price fell 2% while the median sales price was flat. Pending sales also experienced a decline down 11%. Don't think we can read anything into these numbers at this time. The number of new listings dropped 7%. Active listings came in with a no change reading. The months of inventory now stands at 2.3 months. No help for buyers here.

Sales: 85

Average Sales Price: $480,111

Median Sales Price: $400,000

Pending Sales: 74

New Listings: 86

Active Listings: 211

Months of Inventory: 2.3

Information provided by The Real Estate Center

Wednesday, December 13, 2017

Trend Alert: Sophisticated Shades of Blue for Kitchen Cabinets

ESTHER HERSHCOVICH

Blue can bring a surprising balance to an otherwise neutral or pale kitchen.

Heard Natural Science Museum & Wildlife Sanctuary presents Holidays at the Heard

Photo courtesy of Heard Natural Science Museum & Wildlife Sanctuary

Guests will see lights and holiday décor along a half mile Heard nature trail.