Dallas Area Residential Real Estate Report

Thursday, January 21, 2016

32nd Annual KidFilm ® festival in Dallas this weekend!

Lisa Loeb Photo by Juan Patino

On January 23rd and 24th, 2016, the USA Film Festival will present the 32nd Annual KidFilm, the oldest and largest children’s film festival in the United States. Thanks to our wonderful Sponsors, all programs will be presented FREE to the community!

McKinney, TX Residential Sales Report for December

Sales were up and pending sales took a big leap!

Single-Family:

Sales took a jump of 19% in December while pending sales increased a whopping 33%. Looks like January will be a good month! The average sales price rose 5% while the median sales price doubled that to 10%. As in other areas the sales are in the upped price ranges. New listings fell 9% but the active listings climber by 15% increasing the months of inventory to the gigantic number of 1.3 months. 6 months is considered a balanced supply so you can see how difficult it is for buyers.

Sales: 261

Average Sales Price: $301,941

Median Sales Price: $279,000

Pending Sales: 164

New Listings: 129

Active Listings: 285

Months of Inventory: 1.3

If you live in the McKinney area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

What's My Home Worth?

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

Nasher Sculpture Center presents Ann Veronica Janssens opening day

Photo courtesy of Nasher Sculpture Center

Known primarily as a light artist, Ann Veronica Janssens is interested in “situations of dazzlement

Weekly mortgage applications pop 9% on stock sell-off

The sell-off in the stock market was a boon to the mortgage market last week.

203K And HomeStyle Mortgage Loans; The Renovation Revolution

http://news360.com/article/331807970

For many buyers, especially first time homebuyers, renovating a home post-closing may seem out of reach because they do not have the liquid assets to do desired renovations.

Wednesday, January 20, 2016

Modern styles are heating up the kitchen this year

Modern is definitely on the move when it comes to the latest styles.

Looking Ahead: Allen Public Library to showcase arts, artists and authors in 2016

The performing and decorative arts are flourishing, if not booming, in Allen. Outstanding performing artists, scholars and authors will be featured at the library in 2016.

Allen,TX Residential Sales Report for December

Sales were up. It's still a seller's market.

Single-Family:

Allen's High School football team finally lost a game in December (57 straight wins) but the residential sale market continued on a winning streak. Sales were up by 8% in December and pending sales were also up by 8%. There was a decline of 8% in the average sales price and a 9% decline in the median sales price. I'm not sure why these declines happened but I would not hold my breath waiting for additional drops in prices. The number of new listings fell by 4% and the active listings by 18%. This left the months of inventory at 1.2 month.

It's actually harder to find an existing home in Allen that the numbers would indicate because about 50% of the inventory in MLS is Builder's new homes. When you take this out of the mix the months of inventory falls to about 0.6 months. As of this writing there were 60 pre-owned homes on the market and only 3 were under $200,000.

Sales: 127

Average Sales Price: $306,172

Median Sales Price: $275,000

Pending Sales: 71

New Listings: 65

Active Listings: 138

Months of Inventory: 1.2

If you live in the Allen area and would like a personalized Comparative Market Analysis (CMA) on your home delivered to your email in just a few minutes, then click the link below to take advantage of this offer.

What's My Home Worth?

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

D-FW expected to lead housing starts

Dallas-Fort Worth is forecast to be the largest home-start market in the nation this year.

Tuesday, January 19, 2016

How to find the right energy plan for any Texas home

Since 2002, the majority of Texans (nearly 85%) have been able to choose the electricity provider that serves their home or business, and millions of Texans have been baffled about how to compare energy rates in Texas ever since.

Holding an Open House? Don't Make These 7 Huge Mistakes

If you're selling your home for the first time, you might think of the open house as the point at which your Realtor waits until you leave, turns into a magician and, with a flick of the wrist, completely transforms the place into something out of Bravo's "Million Dollar Listing."