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

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

Carrollton and Farmers Branch were one of the few areas with positive sales in September. Sales were up 3% as compared to last September. However, the pending sales declined 24%. October is not looking to be a plus. The average sales price rose 7% while the median sales price climbed 2%. New listings fell 13%. The active listings were up 22%. One has to remember that last September the number of active listings was very low. The months of inventory now stands at 2.8 months.

Sales: 273
Average Sales Price: $406,042
Median Sales Price: $347,000
Pending Sales: 220
New Listings: 312
Active Listings: 807
Months of Inventory: 2.8

Information provided by The Real Estate Center

Pending Home Sales See 0.5 Percent Increase in September

Pending Home Sales See 0.5 Percent Increase in September

While the economy is thriving, it has yet to have a substantial impact on the real estate market.

Home sales are falling in Duncanville, Fairview and Allen: See how your D-FW suburb compares

Home sales are falling in Duncanville, Fairview and Allen: See how your D-FW suburb compares

Home sales are down this year in two-thirds of Dallas-area neighborhoods.

This week in Amazon-o-mania: Someone, please tell Jeff Bezos he picked D.C. for HQ2 + where's Apple?

This week in Amazon-o-mania: Someone, please tell Jeff Bezos he picked D.C. for HQ2 + where's Apple?

So far, everyone except Amazon has picked the Washington D.C. area for its second headquarters.

D-FW's home sales stumbled in the third quarter

D-FW's home sales stumbled in the third quarter

Dallas-Fort Worth was the only major Texas market that saw a decline in third-quarter home sales.

Business Insider: Amazon's second headquarters could push home prices up by nearly 30% in its host city — here's why renters should be worried.

Business Insider: Amazon's second headquarters could push home prices up by nearly 30% in its host city — here's why renters should be worried.

The company's arrival could have huge repercussions for real estate prices in whatever city it chooses.

CNBC: New home sales drop as spiking mortgage rates keep buyers on the sidelines.

CNBC: New home sales drop as spiking mortgage rates keep buyers on the sidelines.

Builders warned of a slowdown in home sales. And they were right – except the numbers are even worse than expected.

This week in Amazon-o-mania: HQ2 will split up Amazon, and not just geographically

This week in Amazon-o-mania: HQ2 will split up Amazon, and not just geographically

Citi analyst Mark May made the case that the HQ2 announcement a year ago is all about the separation of Amazon's retail and Amazon Web Services businesses.

Mortgage fraud is getting worse as more people lie about their income to qualify for loans

Mortgage fraud is getting worse as more people lie about their income to qualify for loans

An increasing number of buyers are lying and cheating.

Start These Habits Now If You Want to Buy a Home Next Year

Start These Habits Now If You Want to Buy a Home Next Year

Even if you're months away from hiring an agent and touring homes, there are things you need to do now to make your dream of buying a home happen. After all, this is a huge purchase and it requires some preparation.

Analysis: In smart homes, convenience trumps privacy risks

Analysis: In smart homes, convenience trumps privacy risks

George Orwell got a lot right about our society moving toward a state of constant surveillance, but not everything.

Spot the 9 Problems With This House ( Advice for New Homeowners )

Spot the 9 Problems With This House ( Advice for New Homeowners )

If you had a top notch Realtor you would not have these problems when you moved in!

   

mage: HouseLogic

   

American Airlines' message on HQ2: What’s good for us would be good for Amazon

American Airlines' message on HQ2: What’s good for us would be good for Amazon

“The North Texas area is a big plus when we are recruiting people,” 

Is 2018 the beginning of the end of the open-concept floor plan?

Is 2018 the beginning of the end of the open-concept floor plan?

Trends do not last forever!

How To Make Your Home Look Like You Hired An Interior Designer

How To Make Your Home Look Like You Hired An Interior Designer

We are going to give you some great tips that will help you to achieve the look you want, and more importantly, avoid the look you don’t want in your home.

Forbes: Three Experts Make A Case On Where Amazon's New Headquarters Will Go.

Forbes: Three Experts Make A Case On Where Amazon's New Headquarters Will Go.

Amazon will need to create their own city rather than locate its new HQ2 in the middle of a major metropolitan area

Trinity River Audubon Center presents Owl-O-Ween

Trinity River Audubon Center presents Owl-O-Ween

Photo by Jeremy Woodhouse

There will also be guided hikes through the Great Trinity Forest and down to the river, as well as face painting, crafts, games, and a chance to meet live birds of prey. 

Foodies at Nite

Foodies at Nite

Photo courtesy of Tasty Tails

Foodies at Nite is making its premiere in Dallas, featuring over 30 Dallas-Fort Worth area food and merchandise vendors, music, and entertainment attractions in one epic event. 

Susan G. Komen Dallas County presents Dallas Race for the Cure

Susan G. Komen Dallas County presents Dallas Race for the Cure

Photo courtesy of Komen Dallas County

Susan G. Komen Dallas County will celebrate the 36th annual Susan G. Komen Dallas the Race for the Cure®. Dallas is the home of the very first Race.

Car Show at The Star

Car Show at The Star

Photo courtesy of The Star

The Star will present some of the most popular antique and classic muscle cars throughout the decades. 

American Foundation for Suicide Prevention presents Out of the Darkness Dallas Community Walk

American Foundation for Suicide Prevention presents Out of the Darkness Dallas Community Walk

Photo courtesy of American Foundation for Suicide Prevention

Proceeds benefit local and national suicide prevention and awareness programs of the American Foundation for Suicide Prevention.

Little D Markets presents Commerce Street Night Market

Little D Markets presents Commerce Street Night Market

Photo courtesy of Little D Markets

The event will feature delectable bites, refreshing drinks, outdoor games, and live music while you shop with local vendors.

Housing Starts Plunge 5.3 Percent Amid Surging Mortgage Rates

Housing Starts Plunge 5.3 Percent Amid Surging Mortgage Rates

Economists blame the sluggish housing market on rising mortgage rates, which have combined with higher house prices to make home purchasing unaffordable for some first-time buyers.

Dallas Area Residential Sales Report for September - McKinney TX

Dallas Area Residential Sales Report for September - McKinney TX

Sales in McKinney were not as off as some other areas only down 10%. Pending sales were up 6%.

The average sales price declined 1% while the median sales price rose 2%. Looks like prices were just about flat.

New Listings rose 12%. Active listings climbed 17% as compared to last September. The months of inventory crept up to 3.7 months. We are starting to approach a balanced market.

Sales: 215

Average Sales Price: $345,327

Median Sales Price: $324,950

Pending Sales: 236

New Listings: 317

Active Listings: 932

Months of Inventory: 3.7

Information provided by The Real Estate Center

D-FW's home sales stumbled in the third quarter

D-FW's home sales stumbled in the third quarter

Dallas-Fort Worth was the only major Texas market that saw a decline in third-quarter home sales.

Dallas Area Residential Sales Report for September - Allen TX

Dallas Area Residential Sales Report for September - Allen TX

Sales did not go well in September. Down 33%! Pending sales were a little better only of 6%. The average sales price rose 4% while the median sales price climbed 9%. Sales were concentrated in the upper price ranges. New listings fell 7%. Active listings jumped up 21% as compared to last September. The months of inventory is now at 3.5 months. We are approaching a balanced market.

Sales: 76

Average Sales Price: $388,326

Median Sales Price: $346,810

Pending Sales: 109

New Listings: 136

Active Listings: 369

Months of Inventory: 3.5

Information provided by The Real Estate Center

Amazon HQ2: How Much Home Prices Will Jump In All 20 Finalist Cities

Amazon HQ2: How Much Home Prices Will Jump In All 20 Finalist Cities

Whichever city is chosen will, no doubt, experience huge changes — both from an economic standpoint and a logistical one. 

PorchFest

PorchFest

Photo courtesy of PorchFest

The third annual Dallas PorchFest celebrates one of the city’s oldest residential neighborhoods with a festival of local bands, artists and food.

McKinney Wine and Music Festival

McKinney Wine and Music Festival

Photo courtesy of McKinney Wine and Music Festival

The 2018 McKinney Wine and Music Festival will feature wines from Texas and California,

Figment Dallas

Figment Dallas

Photo courtesy of FIGMENT

Figment Dallas is a new, day-long, art festival. 

More than 20 percent of Dallas-area homes on the market have had price cuts

More than 20 percent of Dallas-area homes on the market have had price cuts

Homes in pricier neighborhoods have listing prices slashed more often than those listed in neighborhoods where homes are less expensive.

2018 AIA Dallas Tour of Homes

2018 AIA Dallas Tour of Homes

Photo courtesy of Ben Benschneider

The AIA Dallas Tour of Homes is Dallas’ only citywide home tour and the area’s only tour curated exclusively by architects. The event will feature seven residences across Dallas. T

Late Nights at the DMA

Late Nights at the DMA

Photo courtesy of Dallas Museum of Art

No need to travel to experience the wonders of the world! Go global during Dallas Museum of Art's  fall block party 

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

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

Sales were pretty ugly in the Lake Highlands area in September. Down 28%!. Pending sales were even worse off 37%.  New listings were also down 16%. Now for the positive numbers. The average sales price rose 11% and the median sales price increases 12%. Looks like what did sell was in the upper price ranges. Active listings showed a 10% rise but this is a comparison to last September when the number of listings were low. With the months of inventory at 2.8 months, buyers are still having a hard time finding a homes that fits their lifestyle.

Sales: 46

Average Sales Price: $440,237

Median Sales Price: $438,600 

Pending Sales: 39

New Listings: 74

Active Listings: 169

Months of Inventory: 2.8

Information provided by The Real Estate Center

Nasher Sculpture Center presents 'til Midnight

Nasher Sculpture Center presents 'til Midnight

Photo courtesy of Nasher Sculpture Center

'til Midnight at the Nasher presents live outdoor concerts featuring a variety of national and regional musical talent paired with film screenings in the Nasher Garden. 

Mockingbird Music Festival: Vincent Neil Emerson

Mockingbird Music Festival: Vincent Neil Emerson

Guests can enjoy the free live music while indulging in favorite foods and shopping for the latest trends.

This week in Amazon-o-mania: At this point, all we can do is guess about HQ2. Feeling Chicago

This week in Amazon-o-mania: At this point, all we can do is guess about HQ2. Feeling Chicago

It's still anyone's guess.

City of Farmers Branch presents Bloomin' Bluegrass Festival

City of Farmers Branch presents Bloomin' Bluegrass Festival

Ricky Skaggs and Kentucky Thunder Photo courtesy of Fort Worth Symphony Orchestra

The City of Farmers Branch will present the Bloomin Bluegrass Festival, featuring all-day bluegrass music, a free kids zone, an arts & crafts marketplace, and more

Dallas Area Residential Sales Report for September - Richardson TX

Dallas Area Residential Sales Report for September - Richardson TX

Richardson homes continue to be in demand with sales up 2% in September as compared to last September. Pending sales however were down 5%. The average sales price rose 11% and the median sales price climbed 7%. New listings fell 2%. that's not good if you are a buyer! The number of active listings  jumped 41%, but you must remember that this is compared to last September when listings were very low. The months of inventory now stands at 2.3 months. That's really now very many homes.

Sales: 88

Average Sales Price: $325,064

Median Sales Price: $300,000

Pending Sales: 88

New Listings: 122

Active Listings: 213

Months of Inventory: 2.3

Information provided by The Real Estate Center

Housing Slowdown? Softening? Whatever You Call It, It's Real and It's Here

Housing Slowdown? Softening? Whatever You Call It, It's Real and It's Here

Sellers shooting for the stars may not be able to get quite as much as they'd like. 

Dallas Area Residential Sales Report for September

Dallas Area Residential Sales Report for September

OK lets just get to the numbers then I will discuss the various segments of the market. Sales in North Texas fell 7% in September as compared to last September. Pending Sales were not much better down 6%. That means we can probably anticipate that October will not be a positive month. We are still seeing price increases with the average sales price climbing 6% while the median sales price increases 4%. The number of new listings actually dropped 3% but the active listings are 16% higher than last September. The months of inventory is now at 2.9 months. This is still well short of the 6 months considered a balanced market.

The far northern suburbs were hard hit and were down double digits. The closer in suburbs like Richardson fared much better and had positive numbers. I will be reporting on these areas individually later in the month so keep checking in. The high dollar areas such as North Dallas and the Park Cities also had plus signs for sales.

Sales are double digit down in all price ranges under $190,000. This is due to the extreme shortage of homes for sale. Buyers just can't find a home to purchase. A home coming on the market in this range can expect multiple offers.

Over the last several months we have seen a number of price reductions (or as they are known now "price improvements") in properties over 1 million. This has apparently attracted buyers with year to date sales up 10%.

The price range most in demand continues to be between $200,000 and $399,999. This range represents 53.1% of all sales and about 1/2 of all the listings in MLS. 

Sales are slowing and pricing is becoming critical. If your house is over priced it's just going to sit on the market!

Sales: 8,260

Average Sales Price: $304,331

Median Sales Price: 251,000

Pending Sales: 8,347

New Listings: 10,485

Active Listings: 25,895

Months of Inventory: 2.9

Information provided by The Real Estate Center

Paint Like A Pro With These Top Tips

Paint Like A Pro With These Top Tips

For the DIYer, painting a room offers a cost-effective way to update and refresh the space. Even if you have no experience painting walls, you can paint like a pro by following a few simple steps and tips.

4 Home Decor "Trends" That Are Here to Stay

4 Home Decor "Trends" That Are Here to Stay

Sometimes interior design ideas that seem like just another passing fancy of designers and *ahem* magazine editors turn out to be a style that is built to last. Here are four home décor “trends” that we think are here to stay:

Where is the US housing market headed? 4 things you need to know

Where is the US housing market headed? 4 things you need to know

What's eating the housing market, in the midst of what otherwise looks like upbeat growth?

The Real Difference Between Pre-Qualified and Pre-Approved

The Real Difference Between Pre-Qualified and Pre-Approved

The terms pre-qualified and pre-approved almost sound like they could be synonyms. But when it comes to home financing, there's actually quite a big difference between the two—and securing pre-approval for a loan is actually what brings you closer to the closing table.

What Is the Next Big Kitchen Cabinet Color Trend?

What Is the Next Big Kitchen Cabinet Color Trend?

PHOTO:

COURTESY OF CATHERINE KWONG

We rounded up the hottest kitchen cabinet colors right now. Get your painter's tape and rollers ready.

D-FW mortgage activity drops with higher finance costs and fewer home sales

D-FW mortgage activity drops with higher finance costs and fewer home sales

This somewhat disappointing spring selling season will be a bit of a wake-up call for home sellers, and they will eventually consider lowering asking prices, which in turn will bring some buyers back to the table."

Dallas Area Residential Sales Report for September - Far North Dallas

Dallas Area Residential Sales Report for September - Far North Dallas

Sales were up 1% in September compared to last September. That's not much but it beats being down. The average sales price  jumped 13% while the median sales price was up 9%. Sales continue to be concentrated in the upper price ranges. Pending sales fell 4%. Not helpful. The number of new listings declined 24% but the active listings were 23% higher than a year ago. The months of inventory now stands at 3.6 months. We are getting closer to a balanced market.

Sales: 76
Average Sales Price: $546,382
Median Sales Price: $445,000
Pending Sales: 81
New Listings: 109
Active Listings: 308
Months of Inventory: 3.6

Information provided by The Real Estate Center

Del Frisco's 5K Benefiting CitySquare

Del Frisco's 5K Benefiting CitySquare

Photo courtesy of Del Frisco's Restaurant Group

Benefits from the 5K will go to CitySquare, a non-profit organization that fights poverty through service, advocacy and friendship with 17 unique programs that address hunger, health, housing, and hope.

Operation Kindness presents Dog Day Afternoon

Operation Kindness presents Dog Day Afternoon

Photo courtesy of Operation Kindness

The event highlights include Best K9 Costume, Stupid Pet Tricks and Best Pooch Smooch Contests with prizes and much more!