Dallas Area Residential Real Estate Report: February 2019

Thursday, February 28, 2019

TEXFest Carrollton

Head over to downtown Carrollton Saturday to celebrate Texas Independence Day!

American Brain Tumor Association presents BT5K

Photo courtesy of BT5K Dallas

The BT5K Breakthrough for Brain Tumors Run & Walk is the American Brain Tumor Association's national signature fundraising event.

Dallas Area Residential Sales Report for January - Celina TX

When home sales take a 35% drop there is not much to say except things were bad. Pending sales were even worse off 37%. The average sales price increased 7% and the median sales price jumped 13%. Sales that did occur were in the upper price range. New listings increased 17% and the active listings were up 71% as compared to last January. The months of inventory now stands at 5.9 months. You can't get any closer to the 6 months considered a balanced market than that.

Sales: 20

Average Sales Price: $377,817

Median Sales Price: $395,000

Pending Sales: 27

New Listings: 61

Active Listings: 285

Months of Inventory: 5.9

Information provided by The Real Estate Center

Wednesday, February 27, 2019

Nasher Sculpture Center presents Free First Saturdays

Photo courtesy of Nasher Sculpture Center

The Nasher Sculpture Center presents Free First Saturdays, a program offering free admission and activities on the first Saturday of every month.

Prosper Neighborhoods - Windsong Ranch

If you would like to see the current listings and solds in this neighborhod CLICK HERE

Prosper Neighborhoods - Windsong Ranch

Dallas Area Residential Sales Report for January - Prosper TX

Homes sales really took a hit in January down 21%. Pending sales were even worse off 24%. The average sales price continued to climb up 4% but the median sales price fell 4% The number of new listings decline 9% and the active listings jumped 28% as compared to last January. The months of inventory now stands at 5.6 months. You can't get much closer to the 6 months considered a balanced market.

Sales: 38

Average Sales Price: $473,639

Median Sales Price: $431,450

Pending Sales: 63

New Listings: 125

Active Listings: 450

Months of Inventory: 5.6

Information provided by The Real Estate Center

Tuesday, February 26, 2019

Dallas Cowboys presents Market at The Star

Photo courtesy of The Star

Market at The Star is a pop-up event that will feature a curated mix of fashion, jewelry, home décor and other unique lifestyle goods vendors.

Frisco Neighborhoods - Stonebrook

If you would like to see the homes for sales and current listings in this neighborhood CLICK HERE

Dallas Area Residential Sales Report for January - Frisco TX

Home sales got hammered in January in Frisco down 25%. Pending sales were a little better only off 13%. The average sales price dropped 4% while the median sales price was flat. New listings declined 17% but with the drop in the number of sales the active listings rose 14% as compared to lat January. The months of inventory now stands at 3 months. We are half way to the 6 months considered a balanced market.

Sales: 156

Average Sales Price: $429, 431

Median sales Price: $379,000

Pending Sales: 245

New Listings: 346

Active Listings: 868

Months of Inventory: 3

Information provided by The Real Estate Center

Monday, February 25, 2019

Trinity River Levee Run

Photo courtesy of Trinity Watershed Management

The 15th Annual Trinity River Levee Run includes a 5K, 10K, and a Half Marathon. Each course includes the rare opportunity to run across the beautiful Margaret Hunt Hill Bridge.

Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season.

Some real estate agents have reported surprise at better-than-expected traffic at open houses this month, and the new numbers seem to confirm those perceptions.

US existing home sales fall sharply to 3-year low.

Lowest level since November 2015 and well below analysts’ expectations of a rate of 5.0 million units.

Sunday, February 24, 2019

Can You Ace This Mortgage Test Experts Came Up With?

Ready to go back to school and learn a few important home buying principles?

Say it ain't so: Is Texas turning into California?

Nothing gets a bunch of Texans more riled up than to tell them they are turning into California.

Saturday, February 23, 2019

5 Kitchen Renovation Projects You Should Never Do Yourself

The DIY gurus make it look so easy. Home bloggers and HGTV hosts would have us believe that no kitchen project is out of reach for the average homeowner. But take heed:

Friday, February 22, 2019

Dallas Area Residential Sales Report for January - McKinney TX

What can you say. Sales were not good, down 24% in January as compared to last January. Pending sales fell 13%. The average sales price was up 8% while the median sales price rose 7%. New listings increased 17%. Active listings came in at 31% higher than last year at this time. The months of inventory stands at 2.8 months. that's not a lot of houses to choose from.

Sales: 140

Average sales Price: $359,757

Median Sales Price: 329, 000

Pending Sales: 235

New Listings: 298

Active Listings: 696

Months of Inventory: 2.8

Information provided by The Real Estate Center

McKinney TX Neighborhoods - Heatherwood

If you would like to see the current listings and sold in this neighborhood CLICK HERE

Just Listed 621 Towne House Richardson, TX

For more information on this property CLICK HERE

Wednesday, February 20, 2019

Dallas Area Residential Sales Report for January - Allen TX

Allen fell in line with most of her neighbors with home sales down 21%. Pending sales fell 16%. The average sales price increased 5% while the median sales price rose 4%. New listings climbed 19%. Active listings took a 102% jump as compared to last January when listings were very low. Looking at the months of inventory which stands at 2.6 months one can see that we still have a shortage of properties on the market.

Sales: 63

Average Sales Price: $358,556

Median sales Price: $299,500

Pending Sales: 86

New Listings: 119

Active Listings: 232

Months of Inventory: 2.6

Information provided by The Real Estate Center

Allen TX Neighborhoods - Beacon Hill

If you would like to see the current listings and solds in this neighborhood CLICK HERE

Monday, February 18, 2019

Tips For Selecting An Interior Door

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.

Plano Neighborhoods - Willow Bend Polo Estates

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

Dallas Area Residential Sales Report for January - Plano TX

Plano fared better than most of her neighbors in January. Home sales were up by 6%. Pending sales took a 4% dip. The average sales price declined 3% but the median sales price rose 1%. There was a slight increase of 3% in the number of new listings. Active listings surged 42% as compared to last January but we must remember that active listings last year were very low. The months of inventory now stands 2 months. That's a very small supply.

Sales: 169

Average Sales Price: $369,793

Median Sales Price: $332,060

Pending Sales: 237

New Listings: 293

Active Listings: 549

Months of Inventory: 2

Information provided by The Real Estate Center

Sunday, February 17, 2019

15 Frequently Asked Mortgage Questions

Most first-time homebuyers will need to obtain a mortgage, and this can seem like a scary process. However, when you're armed with a little knowledge about what you'll need and what to expect as you go from the mortgage application process all the way to the closing table, you can banish those fears

Eight Signs It's Time To Move Up

The starter home. It was so cute and quaint and sweet when you bought it, right? But, that was before kids and dogs and overnight quests and holiday dinners that require mathematician-level logistics to finding everyone a seat in a dining room that bursts at six people.

When 2+2=5: How mortgage calculators are misleading

Calculators often leave out important costs and provide inaccurate estimates of others, according to critics.

Saturday, February 16, 2019

Gains in Home Prices Soften

Appreciation is continuing to moderate, abated by flattening home-building and home sales.

'Tides Are Shifting': Is A Homebuyer's Market On The Horizon?

There’s a lot for homebuyers to be optimistic about as we head into February.

First Home Down Payments: What’s the Magic Number?

Most people think of 20 percent as the gold standard down payment amount, but many factors may influence the right down payment percentage for you. Here’s what you need to know.

Friday, February 15, 2019

Dallas County Housing Report fot January

Mortgage rates dip to their lowest levels in more than a year

After soaring to seven-year highs in November, mortgage rates have been on a steady decline the past 2½ months and this week sank to levels not seen in more than a year.

Thursday, February 14, 2019

Nasher Sculpture Center presents 'til Midnight

Photo courtesy of Nasher Sculpture Center

How about a free concert and a movie?

Arts Incubator of Richardson & Read, Play Love present Richardson Storytelling Festival

Photo courtesy of Richardson Storytelling Festival

The objective of the Storytelling Festival is to use the power of story to create bridges among audiences, generations, cultural themes, and art disciplines.

Richardson TX Neighborhoods - J. J. Pearce

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

Dallas Area Residential Sales Report - Richardson TX

January home sales were off by 6% in the Richardson area. Pending sales were up 1%. The average sales price rose 13% while the median sales price climbed 6%. It looks like there were some gyrations in the make up of the sales that tilted the average higher. New listings were up 5%. Active listings increased 41% compared to last January when inventory was extremely low. The months if inventory now stands at 1.6 months. Buyers are having a hard time finding a home to buy.

Sales: 51

Average Sales Price: $340,193

Median Sales Price: $297,500

Pending Sales: 79

New Listings: 98

Active Listings: 147

Months of Inventory: 1.6

Information provided by The Real Estate Center

Wednesday, February 13, 2019

America's Housing Market Isn't Building Enough New Homes.

Instead of an oversupply of homes, there aren’t enough being built. That’s propping up prices at levels that exclude many Americans from ownership.

Far North Dallas Neighborhoods - Highlands North

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

Dallas Area Residential Sales Report - Far North Dallas

Home sales were flat in Far north Dallas in January. Pending sales were a different story down 30%. Not looking good for February. The average sales price took an 11% hit while the median sales price declined 12%. The number of new listings increased 18%. Active listings were up 31%. Even with the declining sales and increase in inventory the months of inventory remains low at 2.6 months. Buyers do not have much to choose from.

Sales: 43

Average Sales Price: $401,469

Median Sales Price: $375,000

Pending Sales: 61

New Listings: 114

Active Listings: 221

Months of Inventory: 2.6

Information provided by The Real Estate Center

Tuesday, February 12, 2019

D-FW homeowners do better than the national average

Home price appreciation is slowing in the D-FW area but that does not mean that homeowners are not sitting on a large nest egg. Attom Data reports that homeowners in north Texas who sold their homes last year averaged more that $78,000 in their pockets. That's $17,000 better than the national average.

Monday, February 11, 2019

Americans are starting to feel better about buying homes — sort of

More consumers now see the door to homeownership slowly squeaking open, but they still think it's pretty pricey.

Sunday, February 10, 2019

Median New Home Sale Prices Falling

Since peaking in February 2018, the relative affordability of new homes being sold in the United States has continued to improve through November 2018.

Americans are unprepared for home repair costs

Unexpected home repair costs can be a nightmare, especially for first-time home buyers

Making Sense of Valuation’s Alphabet Soup: CMAs, BPOs, AVMs and Appraisals

This article explains the four most common valuation methods used for real property transactions and how and when they are used.

4 Items Home Inspectors Can’t Evaluate

Inspectors are bound by a set of rules that limit what they can share with a buyer.

Homeowners are thinking twice about remodeling because rates are rising, values aren't gaining as much and fewer homes are selling

After several years of booming business, home remodeling growth is expected to shrink this year.

Saturday, February 9, 2019

Most Dallas-area neighborhoods saw fewer home sales in 2018

Some of the biggest sales declines were in affluent neighborhoods in North Dallas and Collin County.

2019 Bathroom Trends You Need to See Before Remodeling

For those planning a bathroom remodel, it’s a good idea to consider the trends and evaluate if they are something to be included in the plan.

What Classifies A House Style: What Makes A Bungalow Home?

The word “bungalow” derives from the Hindustani word “bangala,” meaning “belonging to Bengal.”

Friday, February 8, 2019

Home Buyers are Back in the Market!

It looks like spring has come early to the real estate market! Realtors across the nation and here in the Dallas area are reporting a large and unexpected uptick in open house traffic, showings and offers as buyers are taking advantage of lower interest rates and price reductions.

If you are thinking about selling your home now may be the best time!

GIVE ME A CALL or EMAIL and PUT MY EXPERIENCE and EXPERTISE to WORK for YOU

Marie Walton, CRS, GRI

Ebby Halliday, Realtors

972-815-5197

mariewalton@ebby.com

As Cooling Kicks In, More List Prices Slashed

The real metric to keep an eye on is entry-level homes, which are the key to getting today’s market back in balance. These homes are still in short supply.”

A Shortage of Supply Slowed 2018 Home Sales and Worsened Affordability

The survey also found high home prices and an increase in mortgage rates to be notable factors behind the drop in sales activity.