Dallas Area Residential Real Estate Report: February 2018

Wednesday, February 28, 2018

Selling Your Home? A Kitchen Clean Up Pays Off

You don't have to do an expensive remodel to make your kitchen appealing to buyers.

Trinity River Audubon Center presents River Adventures

See a side of Dallas very few get to enjoy all while cruising past herons, egrets, beavers, turtles, river otters, and more.

Mortgage applications rise 2.7 percent as rates take a brief breather from surge

The increase was driven by homebuyers, who have been sidelined significantly this year by a record low number of listings and by weakening affordability.

Dallas area Residential Sales Report for January - Frisco TX

Dallas Area Residential Sales Report for January - Frisco TX

January was a strong months for sales in Frisco. Up 22% from the same time last year. The average sales price increased 3% while the median sales price rose 4%. Price gains have been moderating. Pending sales were up a healthy 11%. New listings climbed 27% while the active listings jumped 32%. These large percentage increases are a reflection of just how low the inventory was last January. The real number to look at to judge supply is the months of inventory and it stands at 2.3 months. Frisco is still well into the sellers side of the market.

Sales: 218

Average Sales Price: $446,204

Median Sales Price: $374,000

Pending Sales: 282

New Listings: 419

Active Listings: 761

Months of Inventory: 2.3

Information provided by the r\Real Estate Center

#frisco #friscorealestate #friscohomesforsale #buyerinformation #sellerinformation

Tuesday, February 27, 2018

5 Design Rules You Should Absolutely Never Break

Here are five interior design rules to consider if you want to do things right the first time around.

#homedesign #homedecorating #realestate

BT5K Dallas Breakthrough for Brain Tumors Run & Walk

Photo courtesy of BT5K Dallas

Your support allows the ABTA to fund desperately needed brain tumor research, patient programs and support services.

McKinney TX Neighborhoods - Estates at Craig Ranch West

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

Dallas Area Residential Sales Report for January - McKinney TX

Well, Sales were booming in McKinney in January. Up 26% as compared to last January. The average sales price was down 1% but the median sales price rose 1%. Sales price increases have been moderating across the Metroplex, The pending sales number also showed an extremely strong gain of 34%. I think we can safely say that February sales will be positive. New listings increased 6% and the active listings were up 46%. That number just reflects how low the number of listings was last January. The number that really matters is the months of inventory and it only increased to 2.2 months. With 6 months considered a balanced market, we are still very much in a sellers market in McKinney.

Sales: 196

Average Sales Price: $332,475

Median Sales Price: $307,00

Pending Sales: 270

New Listings: 254

Active Listings: 531

Months of Inventory: 2.2

Information provided by The Real Estate Center

#McKinney #realestate #homesforsale #buyerinformation #sellerinformation

Monday, February 26, 2018

Southwest Celtic Music Association presents North Texas Irish Festival

Photo courtesy of North Texas Irish Festival

One of the largest Irish festivals in the U.S., the North Texas Irish Festival celebrates the music, dance, and cultural talent in the beautiful, rich tradition of Irish and other Celtic influences.

Forbes praises Dallas not for sports or finance but its 'cultural explosion'

Dallas is blooming in the city's cultural explosion":

#dallas #realestate

Weekly mortgage applications tank even more, as rising rates make homes less affordable

The numbers are getting uglier for potential homebuyers and homeowners looking to save money.

#mortgage #interestrates #realestate #homesforsale

Sunday, February 25, 2018

Dallas Area Residential Sales Report for January - Richardson TX

Sales were up 9% in Richardson for January. The average sales price increased 5%. The median sales price rose 3% as compared to this time last year. Pending sales took a 13% jump so we can anticipate that February sales will be positive. New listings cane in with a 8% increase. The number of active listings climbed a whopping 70%. This number is mis-leading because it just shows how low inventories were last January. The real measure of what's available to buy is the months of inventory which now stands at 1.1 months. 6 months is considered a balanced market. Richardson is defiantly a sellers market!

Sales: 58

Average Sales Price: $304,298

Median Sales Price: $282,000

Pending Sales: 78

New Listings: 93

Active Listings: 104

Months of Inventory: 1.1

Information provided by The Real Estate Center

#Richardson #realestate #homesforsale

Dallas Area Residential Sales Report for January - Plano TX

Sales were off by 1% in Plano compared to the same time last year. The average sales price was flat while the median sales price fell 2%. Pending sales declined 13%. Looks like February could be a negative months for sales. The number of new listings dropped 10% but the number of active listings rose 2%. The months of inventory is now at 1.3 months.

There continues to be a severe shortage of homes for sale and buyers are having a very difficult time.

Sales: 169

Average Sales Price: $378,347

Median Sales Price: $326,500

Pending Sales: 248

New Listings: 284

Active Listings: 386

Months of Inventory: 1.3

Information provided by The Real Estate Center

#Plano #realestate #homesforsale

Classic Kitchen Accessories That Will Look Good in Any Home

]Classic Kitchen Accessories That Will Look Good in Any Home

Whether your kitchen needs a total remodel or you're just completely sick of looking at yours, there are five classic details you can add — without breaking the bank or breaking down a wall.

6 DIY Tips for Renovating Your Bathroom on a Budget

The time has finally come: from the grime that’s built up on the tiles, to the mysterious spots in the mirror, and the slow fading of the paint on the walls, you know what you have to do. You have to renovate your bathroom

Saturday, February 24, 2018

Online Home Value Estimates Are NOT Appraisals

Where are these home value estimates coming from?

The Latest Front Door Ideas That Add Curb Appeal, Value to Your Home

One of the quickest fixes to upgrade your front door is to simply paint it

Friday, February 23, 2018

U.S. Existing-Home Sales Slumped in January

There just are not enough homes on the market!

Thursday, February 22, 2018

Dallas Arboretum & Botanical Garden presents Dallas Blooms: A World of Flowers

Last years Dallas Blooms

As Dallas is one of the leading cities in the nation with many cultural communities, the Dallas Arboretum will present the theme “A World of Flowers.”

Allen TX Neighborhoods - Abbey Hill

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

#allentx #realestate #homesforsale #allenhomesforsale

Dallas Area Residential Sales Report for January - Allen TX

Sales in Allen for January were up 1%. The average sales price was also up 1% while the median sales price fell 5%. Pending sales declined 6%. The number of new listings were flat and the active listings were up 3%. Looking at all the numbers, the market was just not going anywhere. The months of inventory remains extremely low at 1.1 months. Buyers are having a difficult time finding a house to purchase.

Sales: 85

Average Sales Price: $343,326

Median Sales Price: $294,990

Pending Sales: 102

New Listings: 100

Active Listings: 133

Months of Inventory: 1.1

Information provided by the Real estate Center

#allen #realestate #homesforsale

Wednesday, February 21, 2018

What is Considered an “Older” Home?

It Depends!

Trinity River Audubon Center presents Owl Prowl

Photo by Jeremy Woodhouse

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

Plano TX Neighborhoods - Enclave at Glenwood

#Planoneighborhoods #Plano #realestate #homesforsale

Tuesday, February 20, 2018

O'Donnell Foundation presents Young Masters Exhibition

The exhibition features selected original works created by Advanced Placement® Studio Art, Art History, and Music Theory students from ten Dallas-area high schools

Housing Starts Blow by Expectations

Simply put, more housing supply means a lower inflation rate, and potentially a slower pace of interest rate increases by the Fed.”

#newconstruction #newhome #realestate #builders

Dallas Area Residential Sales Report for January - Lake Highlands/NE Dallas

Sales in January in the Lake highlands area were up 14%. The average sales price rose 14% while the median sales price jumped 22%. These large increases are caused by gyrations in the makeup of the sales compared to last January. Pending sales fell 12%. That does not bode well for February. The number of new listings declined 9%. The active listings were up 5%. The months of inventory remains just about flat at 1.4 months. This area is very much leaning to the sellers side.

Sales: 41

Average Sales Price: $407,854

Median Sales Price: $390,000

Pending Sales: 50

New Listings: 53

Active Listings: 96

Months of Inventory: 1.4

Information provided by The Real Estate Center

#lakehighlands #dallas #realestate #dallashomesforsale

Monday, February 19, 2018

American Lung Association in Texas presents Fight For Air Climb

Participants raise funds to support the mission of the American Lung Association while training to climb the stairs of a skyscraper.

Sunday, February 18, 2018

Get Ready to Buy This Spring

Once you decide that this Spring you want to buy a new home — or your first house — the question is, "Where do we start?"

Shopping for a home? It will take a lot longer than you think because home prices are overheating

Two-thirds of buyers are shopping for more than three months before signing a deal, according to a new survey from the National Association of Home Builders. Why so long?

#realestate #homesforsale #buyeradvice

7 Tell-Tale Signs You Need to Upgrade Your Kitchen This Year

How do you know when you're ready to take the plunge? Here are seven tell-tale signs that it's time.

A step-by-step guide to selecting colours and finishes for your new home

If you’re designing your new home, chances are you’ve gathered together a multitude of ideas from Pinterest, design magazines, home renovation shows and the like. But how do you avoid becoming overwhelmed with so many choices available?

Saturday, February 17, 2018

Mortgage Fraud: Understanding and Avoiding It

In this article, we examine the complex ethical and criminal issues surrounding mortgage fraud.

This Cheap Basic Is the Finishing Touch Your Windows Need

While curtains and drapes come in a dizzying array of colors, patterns and materials, there's one specific curtain type that is super affordable, extraordinarily versatile, and the sort of fool-proof option you absolutely can't get wrong

Friday, February 16, 2018

The Mythical Value of Smart Homes

What constitutes a true smart home and what different technology features are actually worth

#smarthome #realestate

What Would an Increase in Mortgage Rates Mean for Homebuyers?

NAR expects that the mortgage rate for a 30-year fixed mortgage will rise to 4.4 percent in 2018. How will this change affect the monthly mortgage payment of homebuyers?
#mortgagerates #interestrates #realestate #buyeradvice

Thursday, February 15, 2018

Kaboom presents The Play Everywhere Tour

Photo courtesy of Kaboom

KaBOOM! will come to Dallas, bringing families and kids together for free, fun-filled family play.

Richardson Neighborhoods - Marlborough Square

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

Wednesday, February 14, 2018

Far North Dallas Neighborhoods - Prestonwood West

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

Dallas Area Residential Sales Report for January - Far North Dallas

Sales took a large dip in January as compared to last January. Down 24%. The average sales price rose 3% while the median sales price jumped 10%. There is a little distortion in these averages caused by more sales in the higher price ranges than normal. Pending sales showed an increase of 5% so maybe February will be positive. The number of new listings climber 9% while the active listings increased 23%. While this is a slight positive, with the months of inventory coming in at 1.9 months there is really not much for a buyer to chose from.

Sales: 47

Average Sales Price: $453,534

Median Sales Price: $425,750

Pending Sales: 87

New Listings: 97

Active Listings: 169

Months of Inventory: 1.9

Information provided by The Real Estate Center

#dallas #realestate #homesforsale

Tuesday, February 13, 2018

Should you pay off that mortgage before retirement?

The decision depends on a number of factors, such as risk tolerance, additional assets, cash-flow needs and goals

Dallas Area Residential Sales Report for January - North Dallas

North Dallas Sales were up 3% in January as compared to last January. The average sales price climbed 37% while the median sales price rose 13%. There were several more sales of million plus homes than normal that pulled up these sales prices. Pending sales fell 5%. Not sure what this means for February sales. The number of new listings dropped 15% and the active listings declined 4%. the months of inventory now stands at 3.9 months. 6 months is considered a balanced market so we are still titled to the sellers side.

Sales: 31

Average Sales Price: $1,213,145

Median Sales Price: $748,750

Pending Sales: 60

New Listings: 106

Active Listings: 250

Months of Inventory: 3.9

Information provided by The Real Estate Center

Monday, February 12, 2018

These Four Types of Appliances Are All Wrong for Home Resale

As most appliances don't come cheap, is it worth the expensive upgrade? Turns out, the answer is: it depends.

Crow Collection of Asian Art presents Chinese New Year Festival

Photo courtesy of Crow Collection

Say goodbye to the Year of the Rooster and ring in 2018 as the Year of the Dog, a year marked by loyalty, kindness, and love.

Metrostudy Names DFW Top New Home Market in the Nation

The survey, which compares 4Q17 to 4Q16, reveals new home starts jumped by a whopping 16.9 percent — a major indicator of builders preparing for a strong spring selling season.

#dallas #realestate #homesforssale