Dallas Area Residential Real Estate Report: June 2017

Friday, June 30, 2017

Addison Welcome to Kaboom Town! July 3, 2017

For more than three decades, Addison Kaboom Town!® has been named among the top fireworks shows in the country.

Garland-Star-Spangled Spectacular 2017

Celebrate our nation's independence with a full afternoon of family fun at the Star-Spangled Spectacular event on Monday, July 3rd from 4 - 9 PM.

Can't Stop, Won't Stop: Sale Prices of Existing Homes Reach New Highs

Affordability is getting worse, especially at that lower end of the market," he adds. "Some people are getting priced out

Mortgage applications drop 6% as wealthy buyers 'step back'

Last week, the average loan size for home purchase dropped to its lowest level since January."

Pending home sales tumble as supply crisis worsens

The inventory crisis is worst on the low end of the market, where demand is highest.

Thursday, June 29, 2017

Wylie-Bluegrass on Ballard

It's almost here! Head for historic downtown Wylie July 1 for the biggest and best Bluegrass on Ballard ever. Come early and stay late -- there's lots to see and do all day.

Seattle, Portland, Dallas lead country in home prices gains from last spring

Nationwide, prices in April were 5.5 percent higher from a year earlier.

Frisco Neighborhoods-Frisco Lakes

Frisco Lakes is a retirement community for seniors over 55

Frisco TX Residential Sales Report for May

Lots of buyers in Frisco in May

Buyers were very active with sales up 21%. The average sales price increased 9% while the median sales price rose 1%. Pending sales were up 9% so we can anticipate next months sales will be positive. As in other markets we saw an increase in the number of new listings. In Frisco's case they were up 16% and the active listings climbed 26%. even with these large increases in inventory the months of inventory only moved to 2.8 months. 6 months is a balanced market.

Sales: 451

Average Sales Price: $445,990

Median Sales Price: $395,640

Pending Sales: 485

New Listings: 643

Active Listings: 906

Months of Inventory: 2.8

Information provided by The Real Estate Center

Wednesday, June 28, 2017

Dallas Arboretum and Botanical Garden presents July Fourth Weekend

The Arboretum offers free admission all four days for retired and active duty members, veterans of the U.S. military, and first responders with a valid photo I.D.

McKinney Neighborhoods-Brookview

Residents appreciate the easy access to major highways as well as Historic Downtown McKinney Shopping Center and the many unique restaurants.

McKinney TX Residential Sales Report for May

Sales just keep trucking along!

In May sales in McKinney were up by 14% as compared to last May. The average sales price rose 9% while the median sales price climbed 10%. Pending sales increased a scant 1%. We had good news with new listings which jumped 25% and with the active listings that were up 53%. Ever with theses nice increases in inventory, the months of inventory only climbed to 2.5 months. 6 months is a balanced supply/demand.
About 40% of the active listings are builders new homes and only 3 of these are under $300,000.

Sales: 324
Average Sales Price: $359,399
Median Sales Price: $336,000
Pending Sales: 297
New Listings: 378
Active Listings: 569
Months of Inventory: 2.5

Information provided by the Real Estate Center

Tuesday, June 27, 2017

Outdoor Kitchens Making a Comeback

Homeowners and prospective buyers are showing resurgent demand for outdoor cooking spaces,

Liberty by the Lake

Join us in The Colony for an entire day of family fun as we celebrate the birth of America's freedom! There is something for everyone, with several new activities this year. Don't miss the fun!

Allen Neighborhoods-Bethany Creek Estates

Bethany Creek Estates adjoins Bethany Lake Park

Allen TX Residential Sales Report for May

Sales were off

There were a couple of areas that had a sales decline in May and Allen was one of them. Sells declined 8%. The average sales price continued it's march upwards with a 4% increase and the median sales price joined the increase up 11%. The pending sales number dropped 13%. For now, this just looks like some monthly gyration in the numbers. New listings climbed 9%, The number of active listings jumped 11%. While increased inventory is certainly good news for buyers, The months of inventory only rose to 1.9 months. not even close to the 6 months considered a balanced market.

Sales: 151

Average Sales Price: $375,361

Median Sales Price: $346,500

Pending Sales: 151

New Listings: 204

Active Listings: 243

Months of Inventory: 1.9

Information provided by The Real Estate Center

Monday, June 26, 2017

How about a free movie Friday night

The Shops at Park Lane presents Movies in the Park

Photo courtesy of Sukilynn Photography

Grab a spot on the lawn or relax and dine on one of the numerous patios overlooking the big screen

U.S. Homes Are Finally Shrinking

It's not quite a tiny-house movement

Existing home sales report shows buyers are desperate to get a home

Battling low inventory, buyers face "cutthroat competition"

Divide widens between housing haves and have-nots

The median price of an existing home sold in May set a record high, but it's not the price itself that is so stunning.

Sunday, June 25, 2017

Home Buying Advice from First-Time Home Buyers

You might be ready to buy your first home if...

Buying a New Construction Home? Read This First

Your home is one of the biggest investments you’ll make. It’s also a purchase that’ll affect you and your family every single day.

How To Create A Great Accent Wall

Bringing color into your space doesn't require you to splash paint up everywhere.

5 Types of Refrigerators: Do You Have the Right One?

Selecting the right style for your family is more than just a fashion choice.

Saturday, June 24, 2017

Fannie Mae announces new programs to break through student loan roadblock

Fannie Mae this morning announced a significant expansion of its student loan cash-out refinance program and introduced new policies to help borrowers with student loan debt get qualified for mortgage loans.

5 DIY Projects You Can Take on With Your Significant Other

Here are some great DIY projects for you and your love to do together.

9 Stunning Ways to Update your Kitchen Décor

A place for shared meals and bringing loved ones together; it’s no surprise that the kitchen is one room that needs to be kept up to date

Friday, June 23, 2017

Concert on the Square: Cherry Bomb

Looking for something to do Saturday night? Hear over to Carrollton for a free concert.

The Homeowner's Summer Maintenance Checklist

New season. New tasks. As summer approaches, make sure your home is set with this home maintenance checklist.

Existing home sales unexpectedly rise 1.1% in May

We have a housing shortage, we may even use the term housing crisis in some markets

Thursday, June 22, 2017

How Design Rules Our Homes And Our Lives

Humans are naturally drawn to certain shapes, curves, and colors.

Shakespeare Dallas presents Quixote

Photo by Jessica Helton

Set in present day West Texas, this Spanish classic receives a Texas makeover designed to celebrate our rich cultural landscape.

Plano Parks adds water sports to summer activities

Starting this summer, residents can enjoy the lake at Oak Point Park and Nature Preserve from a new vantage point.

Plano Neighbprhoods-Avigon-Windhaven

Avignon homeowners can enjoy a breathtaking pool, luxurious Palais, giant outdoor chess set, concierge service, and more.

Plano TX Residential Sales Report for May

Sales were hot in May

Sales exploded in May. Up 23%! The average sales price rose 13% while the median sales price climbed 15%. These averages were pulled up do to a number of sales occurring in the upper price ranges. Pending sales showed an 8% increase so we can surmise that June sales will be positive. There was good new on the inventory front for buyers. New listings increased by 22% and the number of active listings were up 27%. Unfortunately these increases only took the months of inventory up to 1.9 months. It's still a sellers market.

Sales: 383

Average Sales Price: $409,948

Median Sales Price: $362,000

Pending Sales: 411

New Listings: 549

Active Listings: 577

Months of Inventory: 1.9

Information provided by The Real Estate Center

Wednesday, June 21, 2017

Reunion Tower presents Reunion Lawn Party

Reunion Tower presents Reunion Lawn Part

The Reunion Lawn Party Summer Series features live music, food trucks, lawn games, and more

Housing starts take downward turn in May

Building permits tell of more slowdown to come

Lake Highlands/NE Dallas Neighborhoods-Oakhurst

The Oakhurst neighborhood is located in the Richardson School District and the homes were build in the early 80s.

Lake Highlands/NE Dallas Residential Sales Report for May

Numbers were all over the place in May.

Sales in this area were down by 11% but the pending sales showed an 8% increase. The average sales price fell 2% while the median sales price dropped 3%. All of this just looks like some short term gyrations in the market. The number of new listings rose 14%, The active listings climbed 8%. While the increase in inventory is welcome if you are a buyer, the increase only moved the months of inventory to 2.2 months. We continue to be very tilted to the favor of sellers.

Sales: 73

Average Sales Price: $395,527

Median Sales Price: $382,500

Pending Sales: 92

New Listings: 121

Active Listings: 134

Months of Inventory: 2.2

Information provided by The Real Estate Center

Tuesday, June 20, 2017

Creating A Patio Scene That Sells

A home's outdoor space is often key in the potential homeowner's willingness to say, "We'll take it!"

2017 Market Street Allen USA Celebration

How about an early 4th celebration!

First-time buyers hunting affordable housing are up against property investors ... and losing

Investors are hogging the market for low-price homes in some cities, muscling aside entry-level buyers looking for affordable houses.

Richardson Neighborhoods-J.J. Pearce

The J.J. Pearse neighborhood is one of the most highly sought after areas of Richardson

Richardson TX Residential Sales Report for May

Looking for a home in Richardson. It's really hard. No inventory!

Sales were up by 3% in May as compared to the same time last year. The average sales price increases 6% and the median sales price rose 4%. Pending sales took a 14% decline as the inventory of available homes for sale fell to 0.9 months. For a very long time now, Richardson has had the lowest number of homes for sale of any other area in the Metroplex and it doesn't look like this situation is going to change anytime soon. The number of new listings declined 1% and the active listings dropped 6%. Richardson is very much a sellers market.

Sales: 110

Average Sales Price: $326,304

Median Sales Price: $290,000

Pending Sales: 115

New Listings: 135

Active Listings: 85

Months of Inventory: 0.9

Information provided by The Real Estate Center