Dallas Area Residential Real Estate Report: March 2018

Saturday, March 31, 2018

This week in Amazon-o-mania: HQ2 could turn us into an instant magnet for tech bros...

If Dallas gets HQ2, will we suddenly be overrun by bearded hipsters on bicycles drinking raw water? Possibly. But really, we might not even notice the change.

6 Yard Landscaping Mistakes That Could Destroy Your Lawn

Introduce the wrong plant? Say goodbye to your entire yard. Scary!

#landscaping

Dallas Art Dealers Association Spring Gallery Walk

Dallas Design District/Facebook

Over 20 galleries will be open into the evening hours allowing time for you to visit multiple locations.

Friday, March 30, 2018

The Conservancy presents Easter in the Park

Enjoy an afternoon of festivities, including The Conservancy Pooch Parade, live music by DJ Jennifer Miller, an Easter Egg Hunt, a special appearance from the Easter Bunny and a variety of food trucks.

How millennials are changing home design

As a group, Millennials have huge buying power, and the design world is taking notice of their preferences.

Existing-Home Sales Are Plateauing, Restrained By Low Inventory

One of the key reasons for the range-bound selling pace is the tight supply of existing homes for sale.

US pending home rise 3.1 percent in February

The pace of Americans signing contracts to buy homes picked up last month, rebounding from a drop in January. But a shortage of homes on the market continues to weigh on the housing market.

Thursday, March 29, 2018

Dallas Farmers Market presents Get Eggcited for Easter

Don your favorite Easter hat (or better yet, create your own) and come to The Shed with your kids

Don’t Be One of Those Homeowners Who Goes Over Budget on a Renovation

Only 1 in 5 homeowners come in under budget. Here’s how to be one of them.
#mariesellsdallas #renovation #remodeling #realestate

Appraisals Better Check Out With Owner Perceptions

Bucking the national trend, more than three quarters of metro areas measured have appraisal values that are higher than owner estimates. The leader among them is Dallas, with appraisals an average of 2.72 percent higher than expected.
#mariesellsdallas #homeappraisals #realestate homesforsale

Dallas Area Residential Sales Report for February - Carrollton/Farmers Branch

Sales took a hit in the Carrollton/Farmers Branch area in February. down 9%. The median sales price rose 16% while the median sales price climbed 8%. most of the sales are concentrated in the upper price ranges and this is what id pulling the averages up so much. Pending sales were even worse declining 17%. There are buyers out there but they are having a hard time finding a home for there lifestyle due to the ever shrinking inventory. The number of new listings did rise 5% but the active listings fell 9% taking the months of inventory down to 0.8 months.

Sales: 229

Average Sales Price: $335,656

Median Sales Price: $286,400

Pending Sales: 118

New Listings: 142

Active Listings: 128

Months of Inventory: 0.8

Information provided by The Real Estate Center

#mariesellsdallas #carrollton #farmersbranch #realestate #homesforsale

Wednesday, March 28, 2018

Heritage Farmstead Museum presents Victorian Eggstravaganza and Spring Festival

Heritage Farmstead Museum presents Victorian Eggstravaganza and Spring Festival
Heritage Farmstead Museum Victorian Eggstravaganza and Spring Festival

Heritage Farmstead Museum Victorian Eggstravaganza and Spring Festival

Photo courtesy of Heritage Farmstead Museum
The event features an egg hunt including more than 6,000 eggs filled with prizes for children ages eight and under,

Neutral No More! 8 Cheap and Easy Ways to Add Color Back Into Your Kitchen

You could replace your quietly hued appliances with ones in brighter colors—or maybe consider the retro approach and bring back all those 1970s and '80s primary shades.

But, boy, that can get expensive fast.

US new-home sales dipped in February, but demand is solid

The shortage of existing homes on the market is intensifying competition among would-be buyers of newly built houses.

#mariesellsdallas #newhomes #newconstruction #realestate #homesforsale #newhomesales

Dallas Area Residential Sales Report for February - McKinney TX

Well, sales were booming in McKinney during the month of February, Single-family home sales were up 23% as compared to last February. The average sales price fell 2% but the median sales price increased 1%, Just some gyrations in the markup of the sales, Pending sales increased 15% so March is looking good. The number of new listings climbed 2%. The active listings number came in at up 29%. I know that looks like a huge jump in inventory, but it is not, The number is just a reflection of how low the inventory level was last February. The months of Inventory is at 2.3 months. It's very much a sellers market in McKinney.

Sales: 212

Average Sales Price: $349,412

Median Sales Price: $330,000

Pending Sales: 253

New Listings: 302

Active Listings: 560

Months of inventory: 2.3

Information provided by the Real Estate Center

#mariesellsdallas #McKinney #realestate #homesforsale #buyeradvice #selleradvice

Tuesday, March 27, 2018

The Star in Frisco hosts Entertainment District Grand Opening Weekend

The Grand Opening of the Entertainment District, including live entertainment, special appearances, dining and shopping specials and notable prizes for the public.

Money magazine ranks Allen No. 2 place in country to launch a career...

The city of Allen already is famous for its $60 million, 18,000-seat high school football stadium. And last year, it ranked second on Money magazine's annual Best Places to Live list.

Buyers Have High Hopes for Spring

Buyers are flocking to the market this spring, with high hopes even as they face a frenzy of multiple-offer situations,

Dallas Area Residential Sales Report for February - Allen TX

Sales in Allen for February were off by 8%. The average sales price rose 11% while the median sales price climbed 19%. Pending sales were were off slightly. Down 2%. The number of new listings declined 4%. the active listings dropped 2% and took the months of inventory down to 1.2 months. 6 months is considered a balanced market. We have very tilted to the sellers side in Allen.

Sales: 85

Average Sales Price: $393,064

Median Sales Price: $374,300

Pending Sales: 88

New Listings: 108

Active Listings: 145

Months of Inventory: 1.2

Information provided by The Real Estate Center

#mariesellsdallas #Allen #realestate #homesforsale

Monday, March 26, 2018

Little D Markets presents Commerce Street Night Market: Taste of Asia

Photo courtesy of Little D Markets
For March, they will bring Asian-inspired elements into the market so you can enjoy food, vendors, and activities from countries across Asia.
#mariesellsdallas #dallas

US new-home sales dipped in February, but demand is solid

Homebuyers at the start of the spring purchase season are generally finding higher prices and fewer properties available.

Sunday, March 25, 2018

How to Decorate Your Bedroom for a Better Night's Sleep

Steal these ideas to create a calming space that will ensure the sweetest dreams.

8 Living Room Furniture Ideas for Design Inspiration

Amy Stone's Brooklyn living room, featuring wicker chairs and a small velvet sofa.

Photo: Tara Donne

To take your living room design to the next level, we’ve rounded up our favorite ideas that are sure to inspire your space.

Home Staging vs. Interior Design: What's the Difference?

Here are some questions to ask to help you decide which one is right for you.

Saturday, March 24, 2018

9 Powerful Feelings You’ll Probably Have When You Sell

Selling a home has its moments of joy and frustration. Here’s your emotional road map

5 Tips to Prepare Your Home for Sale

Unless your home shines, you may endure showing after showing and open house after open house — and end up with a lower sales price.

7 Easy DIY Updates You Can Do Over The Weekend

With a little effort and a few bucks, you can breathe some new air into your home this weekend.

Friday, March 23, 2018

7 Home Decor Trends to Avoid If You Hope to Sell Your Home

There's a huge difference between decorating for your own pleasure and spiffying up your home to sell.
@selleradvice #realestate #mariesellsdallas

HQ2: Tech talent to determine if Dallas sinks, swims in Amazon applicant pool

A large and elite tech workforce appears to be the top consideration for Amazon.com Inc. in its search for a home for its massive second headquarters, according to recent reports.
#amazon #HQ2 #dallas #realestate

First-time homebuyers are facing the 'perfect storm'

And there's no relief in sight

#mariesellsdallas #firsttimebuyer #buyersdvice #realestate

U.S. Existing-Home Sales Rebound Even as Inventory Remains Tight

The results indicate that even with a low supply of homes for sale and rising borrowing costs, demand is being driven by a strong labor market and steady income gains. A

Thursday, March 22, 2018

Pros And Cons Of Today's Flooring Trends

You may have some idea of what you like, but is it a good choice for your lifestyle or your budget - or both?
#mariesellsdallas #homeimprovements #flooring #real estate

Home construction crisis: Why builders aren’t building

It’s a crisis – especially in the lower price-point housing market – that’s not expected to go away anytime soon, experts say.
#mariesellsdallas #homebuilders #realestate #homesforsale

Plano Neighborhoods - Windhaven Farm

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

Dallas Area Residential Sales Report for February - Plano TX

Sales have been declining in the Plano area for several months now and February was no exception. Sales fell 9% compared to a year ago. The average sales price was up 7% while the median sales price was flat. Price increases have been moderating. Pending sales fell 12% so it looks like March will continue the downward trend in sales. The number of new listings rose 3% while the active listings jumped 22%. As I have explained in other reports, this large increase in active sales is an anomaly caused by extremely low inventory levels last February. The important number to look at is the months of inventory and in Plano's case, the February number is 1.5 months. This is the big problem. Buyers are out there but they just can not find the home for their lifestyle due to the low supply.

Sales: 229

Average Sales Price: $418,805

Median Sales Price: $334,000

Pending Sales : 284

New Listings: 332

Active Listings: 437

Months of Inventory: 1.5

Information provided by The Real Estate Center

#mariesellsdallas #plano #planorealestate #planohomesforsale #realestate #planorealestatetrends

Wednesday, March 21, 2018

Forget about millennials, D-FW homebuilders are betting on the 55-plus crowd...

Homebuilders are betting that boomers will be among the biggest buyers of new houses in the next few years.
#realestate #homesforsale #over55 #mariesellsdallas

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

February was not a good month for sales. Down 25%. The average sales price declined 3% while the median sales price rose 3%. More troubling than those numbers is the pending sales. Down 35%. Looks like March will no be a good month in this area. Homes for sales also took a hit. New listings dropped 26% and the active listings fell 3%. The shortage of homes to buy is probably contributing to the sales numbers. The months of inventory is very low at 1.7 months. ^ months is normally considered a balanced market.

Sales: 40

Average Sales Price: $393,113

Median Sales Price: $391,000

Pending Sales: 43

New Listings: 70

Active Listings: 111

Months of Inventory: 1.7

Information provided by The Real Estate Center

#lakehighlands #realestate #homesforsale #mariesellsdallas #dallas

Tuesday, March 20, 2018

Stress-Free & Affordable Ways To Revamp Your Bedroom

Side-step the stress, the mess, and the cost of an intensive renovation by checking in with this guide for revamping your bedroom

Why buyers need to act now, before interest rates increase

Buyers thought they could wait forever because rates were going to stay low forever are starting to realize that if they’re going to buy, they should probably buy now.
#interestrates #mortgagerates #buyeradvice #firsttimebuyers #realestate #mariesellsdallas

Richardson TX Neighborhoods - Arapaho East

If you would like to see the current listings and solds in this neighborhood Click Here
#Richardsonneighborhoods #richardson #real estate #homesforsale #mariesellsdallas

Dallas Area Residential Sales Report for February - Richardson TX

Sales in the Richardson area were up 9% in February compared to the same time last year. Sales prices have been moderating. The average sales price increased 4% while the median sales price rose 3%. Pending sales numbers are a little troubling down 9%. Buyers are having a hard time finding a home to purchase. The number of new listings fell 4% but the active listings climbed 63%. The active listings number is misleading in that it reflects how low inventories were last February. The real number to look at is the months of inventory which now stands at 1 month. It's a sellers market!

Sales: 73

Average Sales Price: $304,713

Median Sales Price: $278,000

Pending Sales: 94

New Listings: 98

Active Listings: 91

Months of Inventory: 1

Information provided by The Real Estate Center

#Richardson #richardsonrealestate #richardsonhomesforsale #mariesellsdallas

Pending

Monday, March 19, 2018

16 Things All Smart Homeowners Do Once a Year

It's just good maintenance

#homemaintenance #homeowneradvice #realestate #homesforsale #mariesellsdallas

This week in Amazon-o-mania: The HQ2 pick better come soon before more cities have second thoughts...

It's a little bit of be careful what you wish for and not in my backyard.

#amazon #HQ2 #dallas #realestate #mariesellsdallas

Some Good News for Spring Homebuyers

Jump in U.S. housing completions in February may help to ease tight inventory, prices

#homebuyeradvice #newhome #newconstruction #realestate #homesforsale #mariesellsdallas

Sunday, March 18, 2018

TV Terrors: 7 Ways Real Estate Reality Shows Created Nightmare Sellers

Photo by Supon Phornirunlit / Naked Decor

Somewhere along the way, these programs have created DIY monsters out of homeowners who think they can easily replicate what they see on TV. The result? A property that's nearly impossible for brokers to market and sell.

#selleradvice #decorating #sellerinformation #realestate #mariesellsdallas

Designing The Luxury Kitchen of Tomorrow Today

With the trend toward open-floor plans, the kitchen sets the stage for all the other design decisions in the home.”

#kitchendesign #kitchenremodel #realestate #mariesellsdallas

Saturday, March 17, 2018

Dallas Area Residential Sales Report for February

Sales remained strong in January up 10%. The average sales price rose 4% while the median sales price climbed 6%. Pending sales are a little troubling being down 4%. The number of new listings declined 1% but the active listings rose 6%. The months of Inventory came in at 2.7 months. With 6 months considered a balanced market, we are tilted heavily to the sellers side.

The sweet spot in the market continues to be the price range between $200,000 and $399,999. This range represents 51% of the total sales. The Months of Inventory from $100,000 to $249,999 is less than 2 months. Above $500,000, the market is tilted to the buyers side with the Months of Inventory above 6 months. If you are looking above one million, the market favors you with a 15.9 months supply.

Sales: 7,188

Average Sales Price: $298,501

Median Sales Price: 248,000

Pending Sales: 8,467

New Listings: 9,888

Active Listings: 17,529

Information provided by The Real Estate Center

#Dallas #realestate #homesforsale #dallashomevalues