Rising home prices and increased demand for high-end real estate has effectively raised the threshold of luxury
Wednesday, January 31, 2018
Owning a $1 million home is no longer considered a luxury in America
Owning a $1 million home is no longer considered a luxury in America
Garland TX Neighborhoods - Oakridge
Garland TX Neighborhoods - Oakridge
Oakridge is a neighborhood built around a country club and golf course
If you would like to see the current listings and sales in this neighborhood Click Here
Dallas Area Residential Sales Report for December - Garland TX
Dallas Area Residential Sales Report for December - Garland TX
Sales in Garland just keep on keeping on. Up 9% in December compared to the same time last year. The average sales price rose 16% while the median sales price climbed 13%. Pending sales really took a jump coming in at a 21% increase. New listings saw 24% rise while the active listings were up 41%. While these numbers look good for the supply, they just reflect how low the inventory was last December. The months of inventory really tell the story. It's at 1.1 months. 6 months id considered a balanced market so you can see how we are really tilted to the sellers side.
Sales: 196
Average Sales Price: $218,074
Median Sales Price: $195,000
Pending Sales: 160
New Listings: 149
Active Listings: 192
Months of Inventory: 1.1
Information provided by the Real Estate Center
Tuesday, January 30, 2018
The Little Kitchen Detail That Makes a Big Difference
The Little Kitchen Detail That Makes a Big Difference
This is a post about a part of your kitchen that you may not have even known existed.
D-FW can house Amazon's thousands of HQ2 workers without stressing the market...
D-FW can house Amazon's thousands of HQ2 workers without stressing the market...
D-FW has an edge when it comes to housing affordability compared with other cities vying for the Amazon prize.
Carrollton/Farmers Branch Neighborhoods - Quail Creek North
Carrollton/Farmers Branch Neighborhoods - Quail Creek North
If you would like to see the current listings and solds in this neighborhood Click Here
Dallas Area Residential Sales Report for December - Carrollton/Farmers Branch
Dallas Area Residential Sales Report for December - Carrollton/Farmers Branch
Sales were off by 11% in the Carrollton/Farmers Branch area in December compared to last December. However, Pending sales were up 8% so it looks like there was some delay in some closings. The average sales price was flat but the median sales price increased 5%. New listings rose 28 but the active listings declined 19%. The months of inventory dropped to 0.9 months. Not good news if you are a buyer.
Sales: 159
Average Sales Price: $295,667
Median Sales Price: $270,000
Pending Sales: 116
New Listings: 115
Active Listings: 137
Months of Inventory: 0.9
Information provided by The Real Estate Center
Monday, January 29, 2018
Sunday, January 28, 2018
Home Staging Ideas for the Kitchen to Make Buyers Bite
Home Staging Ideas for the Kitchen to Make Buyers Bite
To make sure this critical area is perfectly poised to woo buyers, try these home staging ideas for your kitchen and get some offers cooking.
Do You Need A Home Inspection?
Do You Need A Home Inspection?
In this article, we'll delve into what a home inspection can reveal and whether it's worth the investment.
Saturday, January 27, 2018
How emotions affect your decision to buy a house
How emotions affect your decision to buy a house
Research shows our emotions drive us more than we think when it’s time to make a purchase – even one as expensive as a house.
The Parent Trap: 4 Home-Buying Mistakes People Make for Their Kids
The Parent Trap: 4 Home-Buying Mistakes People Make for Their Kids
Making real estate decisions solely for the sake of your kids can be a recipe for regret that can actually undermine your family's happiness.
Home Improvements That Don't Add Resale Value
Friday, January 26, 2018
Ranking Home Renovation Resale Values
Ranking Home Renovation Resale Values
The average payback for 20 of the most common remodeling projects declined year-over-year
Shopping for Mortgage Rates
Shopping for Mortgage Rates
If buying a home might be the largest single investment you ever make, the mortgage you need to finance it will probably be the biggest debt you ever assume.
US home construction tumbled 8.2 percent in December
US home construction tumbled 8.2 percent in December
Builders ended 2017 by slowing down their construction of single-family houses.
Thursday, January 25, 2018
Frisco Neighborhoods - Christie Ranch
Dallas Area Residential Sales Report for December - Frisco TX
Dallas Area Residential Sales Report for December - Frisco TX
No slowdown in Frisco in December. Sales were up 22%. The average sale price rose 8% while the median sales price was also up 8%. Pending sales saw an 11% increase. Looks good for next months sales. The new listings dropped 4% but the number of active listings jumped 20%. this number reflects a smaller inventory last year. The months of Inventory stands at 2.2 months. 6 months is considered a balanced market. We are defiantly no balanced!
Sales: 350
Average Sales Price: $481,851
Median Sales Price: $415,000
Pending Sales: 241
New Listings: 219
Active Listings: 730
Months of Inventory: 2.2
Information provided by The Real Estate Center
Frisco to develop park bigger than Dallas' Fair Park
Frisco to develop park bigger than Dallas' Fair Park
Plans to build a city park with sports fields that, if developed, would be bigger than Dallas' Fair Park.
9 Things You Need To Know About Homeowners' Associations
9 Things You Need To Know About Homeowners' Associations
Homeowners' associations can be your best friend when they prevent your neighbor from painting her house neon pink, but your worst enemy when they expect you to perform expensive maintenance on your home that you don't think is necessary or impose rules that you find too restrictive.
Wednesday, January 24, 2018
McKinney Neighborhoods - Heatherwood
If you would like to see the current listings and solds in this neighborhood Click Here
Dallas Area Residential Sales Report for December - McKinney TX
Dallas Area Residential Sales Report for December - McKinney TX
Sales were strong in McKinney in December! Up 16%. The average sales price increased 8% and the median sales price climber 5%. Pending sales jumped 26% compared to last December. This certainly will mean a good January report. The number of new listings rose 26% while the active listings were up a whopping 65%. I know these numbers look good if you are a buyer, but they in reality just reflect how low the inventory was last December. The months of inventory is only at 2.6 months. With 6 months considered a balanced market, we are still way over to the seller's side.
Sales: 253
Average Sales Price: $359,974
Median Sales Price: $325,220
Pending Sales: 199
New Listings: 177
Active Listings: 587
Months of Inventory: 2.6
Information provided by The Real Estate Center
5 Things That Truly Don't Matter When You Buy Your First House
5 Things That Truly Don't Matter When You Buy Your First House
Here are five issues that shouldn’t factor into choosing a home:
Tuesday, January 23, 2018
Allen Neighborhoods - Stacy Ridge Estates
Allen Neighborhoods - Stacy Ridge Estates
If you would like to see the current listings and sales in this neighborhood Click Here
Dallas Area Residential Sales Report for December - Allen TX
Dallas Area Residential Sales Report for December - Allen TX
Sales in Allen for December were only up 1% but the pending sales saw a 17% increase. We have seen this trend in several of the norther suburbs. Just some normal gyrations in the market. The average sales price rose 9% while the median sales price climbed 6%. The number of new listings fell 10% as compared to last December. The active listings were up 10%. The months of inventory remains very low standing at 1.2 months. It's difficult for buyers!
Sales: 128
Average Sales Price: $373,392
Median Sales Price: $313,330
Pending Sales: 90
New Listings: $70
Active Listings: $148
Months of Inventory: 1.2
Information provided by The Real Estate Center
These Are the 2018 Kitchen Design Trends to Watch
These Are the 2018 Kitchen Design Trends to Watch
Even remodels that are way beyond your budget can inspire smaller-scale and DIY changes at home.
Monday, January 22, 2018
Remodeling 101: Butcher Block Countertops
Remodeling 101: Butcher Block Countertops
Are butcher block countertops the right material for you and your kitchen? Read our butcher block counter primer to find out.
Texas Homeowner? Don’t Miss the Opportunity for Savings
Texas Homeowner? Don’t Miss the Opportunity for Savings
It’s the beginning of another new year, and we want to remind you that Texas law includes the Homestead Exemption, which allows a partial exemption from local property taxes for your primary residence.
Home prices are set to soar in 2018
Home prices are set to soar in 2018
- Low supply and high demand are fueling the gains and neither of those is expected to ease up anytime soon.
Sunday, January 21, 2018
7 Gadgets from ‘The Jetsons’ That Have Become a Reality
7 Gadgets from ‘The Jetsons’ That Have Become a Reality
From robotic maids to video chatting, here’s a look at how the future predicted by "The Jetsons" has become the present and how you can get in on it today.
How does Dallas stack up among Amazon HQ2 finalists?...
How does Dallas stack up among Amazon HQ2 finalists?...
How does Dallas, home to 7.2 million people, measure up among the top 20? We look at some of the qualities that may leave North Texas out of the running and some qualities where the area has an advantage.
The New Tile Trend: Customized Layouts
The New Tile Trend: Customized Layouts
With so much fun and amazing tile on the market these days, it's easier than ever to create dynamic and pattern-packed spaces.
Saturday, January 20, 2018
6 Ways To Easily Update And Upgrade Your Bedroom
6 Ways To Easily Update And Upgrade Your Bedroom
It happens. You look around one day and think, "When did my bedroom get so blah?"
5 Tips to Renovate Your Bathroom and Increase Property Value at the Same Time
5 Tips to Renovate Your Bathroom and Increase Property Value at the Same Time
One reliable way to increase the value of your home is through a considered bathroom remodel
What a Government Shutdown Means for REALTORS® and you
What a Government Shutdown Means for REALTORS® and you
The information is based on NAR staff review of agency contingency plans for the current shutdown and past experience with previous shutdowns and near-shutdowns.
10 Home Renovations That Offer the Best (and Worst) Return on Investment
10 Home Renovations That Offer the Best (and Worst) Return on Investment
Remodeling may be a labor of love, but it's also an investment that can seriously boost the value of your home. Only by how much?
Friday, January 19, 2018
Long-term mortgage rates rise: 30-year hits 4.04%
Long-term mortgage rates rise: 30-year hits 4.04%
Inflation is firming ... This means upward pressure on long-term rates
Ignore the bad housing starts number. Builder optimism and buyer demand are high
Ignore the bad housing starts number. Builder optimism and buyer demand are high
Some will blame the weather. Others will claim the figures are too volatile month to month.
U.S. housing starts down sharply on drop in single-family units
U.S. housing starts down sharply on drop in single-family units
U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year,
Thursday, January 18, 2018
Plano Neighborhoods - Creeks of Willow Bend
Plano Neighborhoods - Creeks of Willow Bend
If you would like to see the current listings and solds in this neighborhood Click Here
Dallas Area Residential Sales Report for December - Plano TX
Dallas Area Residential Sales Report for December - Plano TX
December saw a 5% drop in sales as compared to last December. However, Pending sales rose 16% so it looks like some closings were just delayed. The average sales price rose 1% as did the median sales price. The number of new listings increased 5%. Active listings declined 1%. The months of inventory can in at 1.4 months. 6 months is considered a balanced market. Plano is in the sellers camp.
Sales: 262
Average Sales Price: $380,148
Median Sales Price: $339,950
Pending Sales: 210
New Listings: 173
Active Listings: 419
Months of Inventory: 1.4
Information provided by The Real Estate Center
Wednesday, January 17, 2018
Why Banks Do Not Lend On Certain Loans That Appear Conservative
Why Banks Do Not Lend On Certain Loans That Appear Conservative
There are numerous reasons banks avoid making loans that, in general, one would think have a high likelihood of being paying back.
Dallas Area Residential Sales Report for December - Lake Highlands/NE Dallas
Dallas Area Residential Sales Report for December - Lake Highlands/NE Dallas
December was a good months for home sales in the Lake Highlands area. Sales were up 23%. The average sales price climbed 18% while the median sales price rose 9%. Pending sales were flat so we will have to wait and see what January brings in the way of sales. The number of new listings declined 41% taking the active listings down 8%. The months of inventory dropped to 1.5 months, Not good news if you are a buyer.
Sales: 65
Average Sales Price: $409,115
Median Sales Price: 367,450
Pending Sales: 44
New Listings: 35
Active Listings: 98
Months of Inventory: 1.5
Information provided by The Real Estate Center
Tuesday, January 16, 2018
Richardson Neighborhoods - Cottonwood Creek Estates
Richardson Neighborhoods - Cottonwood Creek Estates
If you would like to see the current listings and solds in this neighborhood Click Here
Dallas Area Residential Sales Report for December - Richardson TX
Dallas Area Residential Sales Report for December - Richardson TX
Sales in December were up 8%. The average sales price rose 11% while the median sales price climbed 7%. Pending sales saw a 16$ increase. The number of new listings came in up 33%. The active listings were up a whopping 52%. This number is misleading. It simply reflects how few listings were on the market last December. The months of inventory stands at 1.1 months. this is very low and makes it difficult for buyers to find a home. If you are looking to sell, it's a great time for you.
Sales: 100
Average Sales Price: $295,667
Median Sales Price: $289,000
Pending Sales: 67
New Listings: 64
Active Listings: 108
Months of Inventory: 1.1
Information provided by The Real Estate Center