Dallas Area Residential Real Estate Report: June 2019

Friday, June 21, 2019

Renters are looking to leave New York, Chicago for Dallas.

Start spreading the news. They’re leaving today…for North Texas

Real Estate Pros Say These Design Trends Don’t Work

Some of today’s most popular design trends could prove to be less than ideal for your buyers.

Texas Housing Insight

Waning affordability and the shortage of homes priced below $300,000 remained the biggest challenges facing the housing market.

Inventory growth is now outpacing sales in buyer-friendly housing markets

On average, sales have declined 5.5% year-over-year

Thursday, June 20, 2019

Firefly Run 5K/10K

Photo courtesy of Yow Midia

The Firefly Run is a cool, eye-dazzling, illuminated nighttime 5K/10K race.

Reunion Tower presents Reunion Lawn Party

Reunion Lawn Party/Facebook

Hosted on the lawn of the iconic Reunion Tower, live music will be provided by DJ Sprinkles and Emerald City’s Party Machine Band with food trucks, lawn games, entertainment, and surprise guests

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.

Nasher Sculpture Center presents 'til Midnight

Photo courtesy of the Nasher

'til Midnight at the Nasher presents live outdoor concerts in the Nasher Sculpture Center Garden. At each event, a variety of national and regional music talent perform followed by a film screening

Wednesday, June 19, 2019

Dallas Area Residential Sales Report for May - Plano TX

Plano managed to eke out a 1% gain in home sales compared to last May. Pending sales fell 5%. not a good sign for June Sales. The average sales price rose 4% while the median sales price came in flat. New listings dropped 7%. Active listings increased 7% again as compared to last May. The months of inventory is half way to a balanced market at 3 months.

Sales: 376

Average Sales Price: $425,047

Median Sales Price: $369,950

Pending Sales: 381

New Listings: 545

Active Listings: 814

Months of Inventory: 3

Information provided by The Real Estate Center

Plano Neighborhoods - Trails of Glenwood

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

Housing market sentiment hits a 5-year high: a good omen for sales?.

Home sales have lagged expectations so far this year, but one indicator suggests the housing market may be set for a rebound.

Dallas-area home prices grew by less than 3 percent in April

Home sales in the area are down 1% from where they were at this time in 2018.

Tuesday, June 18, 2019

Dallas Area Residential Sales Report for May - Garland TX

Well buyers were out in full force in the Garland area in may. homes sales jumped 44% and pending sales rose 20%. the average sales price increased 1% while the median sales price climbed 2%. We saw a 5% rise in the number of new listings and the active listings were 35% higher than last May. The months of inventory remains very low at 1.7 months.

Sales: 233

Average Sales Price: $231,680

Median Sales Price: $219,900

Pending Sales: 223

New Listings: 252

Active Listings: 300

Months of Inventory: 1.7

Information provided by The Real Estate Center

Garland Tx Neighborhoods - Cypress Cove

Garland Tx Neighborhoods - Cypress Cove Neighborhood Report

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

Freddie Mac reports dip in long-term mortgage rates, says 30-year average hit ‘lowest level’ since 2017

The declining rates have reportedly also presented an advantage to those possibly buying real estate.

What Should Your Real Estate Agent Do for You?

If the personalities aren’t a good match, you should be able to find a better fit with someone else.

Monday, June 17, 2019

Richardson ready to redo its historic downtown district..

One of Dallas' first northern suburbs is launching a rebirth of its historic downtown district.

Fewer Homes Selling Above List Price

It could be a relief to home shoppers whose budgets have been squeezed in recent years as home prices have soared.

Richardson TX Neighborhoods - Lake Park Estates

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

Dallas Area Residential Sales Report for May - Richardson TX

Home sales were up a strong 8% in May as compared to last May. Pending sales were down 8%. That's not good for June sales. The average sales price took an 8% hit while the median sales price was flat. We are starting to see a number of price reduction. New listings climbed 13%. Active listings were 71% higher. This number is a little distorted because listings were so very low last May. A better indicator of available inventory is the months of inventory which now stands at 2.5 months. 6 months is considered a balanced market.

Sales: 127

Average Sale Price: $329,119

Median Sales Price: 317,500

Pending Sales: 117

New Listings: 170

Active Listings: 238

Months of Inventory: 2.5

Information provided by The Real Estate Center

Sunday, June 16, 2019

5 Things First-Time Home Buyers Must Know

Buying a home for the first time can be terrifyingly intimidating—there's so much to learn! Start with the basics. Here's what every first-time home buyer needs to know to dive into house hunting with confidence.

Should I Get My Loan Through a Mortgage Broker or Bank?

While a Realtor will be able to guide you through the home buying process they won’t be able to walk you through the financing process.

Are You Ready to Buy Your First Home?

For the millennial generation, homeownership can still be intimidating. Here's what you should consider before making an offer.

8 tips on mortgages for first-time home buyers, according to an expert

Buying a home might be the most important financial transaction you'll make in your life.

Saturday, June 15, 2019

Realtor View: Don’t buy into myths about home selling

Your friends and family aren’t trying to steer you wrong when they give you selling advice, but they may be perpetuating myths about successful techniques to sell houses.

7 Home Decor Trends to Avoid If You Hope to Sell Your Home

There's a huge difference between decorating for your own pleasure and spiffying up your home to sell. If you're staying put and pining for a purple bathroom, go for it! The resale value of your eclectic tastes don't apply.

7 Small Home Flaws That Can Be Big Deals for Buyers

After living in the same home for a while, it's amazing what you can get used to.

Eight Must-Do's Before You List Your Home For Sale

You may think your home is already listing ready right now, but a real estate agent may not agree. These eight activities will help you put your best house forward.

Friday, June 14, 2019

Many U.S. Cities Tip Toward Buyers For the First Time In Years

Among the metropolitan areas that are becoming less competitive are Los Angeles, Dallas and Nashville

Dallas-Fort Worth shines as top ‘all-star’ in U.S. employment growth, report shows

Since 2010, the Dallas region has added more than 130 new headquarters.

Mortgage rates hold at two-year lows, giving borrowers another shot at the action

If you are thinking about buying a home, now may be the best time. Give me a call and let's find you a home that fits your lifestyle!

North Texas home sales bounced back in May

North Texas home sales gave their best showing of the year in May.

Thursday, June 13, 2019

Addison Circle Park presents Addison After Dark

Photo courtesy of Addison Circle Park

Addison’s new series, Addison After Dark, brings a fresh perspective on themed entertainment in Addison Circle Park.

Castle Hills Spring Concert Series: George Strait Tribute

Photo courtesy of Derek Spence

The Castle Hills Village Shops is transforming into “Every Little Honky Tonk Bar” for one night only with George Strait tribute artist Derek Spence and his band performing for the 2019 Castle Hills Concert Series.

Trinity Park Conservancy presents June Photography Walk Conservancy

Photo courtesy of Trinity Park Conservancy

The event aims to discover scenic photo opportunities along the Trinity River and will explore the Joppa Preserve and Trinity Forest Trail.

Dallas Arboretum and Botanical Garden presents Father's Day Weekend

Photo courtesy of Dallas Arboretum and Botanical Garden

Dallas Arboretum and Botanical Garden will celebrate Father’s Day at the garden all weekend with Classic Chassis Car Club Dallas displaying more than 20 classic cars. Plus concerts and a lot of other events.

Mockingbird Station Music Festival

Photo courtesy of Mockingbird Station

The Mockingbird Music Festival featuring the best of Dallas-Fort Worth’s music scene, with local artists performing live each Friday in June and July.

Wednesday, June 12, 2019

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

Sales were up 4% in the Carrollton/Farmers Branch area in May as compared to last May. The average sales price fell 5% while the median sales price rose 1%. Pending sales jumped 16% so it looks like June will be a positive sales month. The number of new listings increased 1%. Active listings declined 2%. Not any help if you are a buyer! The months of inventory fell to 1.8 months.

Sales: 196

Average Sales Price: $336,340

Median Sales Price: #315,000

Pending Sales: 222

New Listings: 275

Active Listings: 281

Months of Inventory: 1.8

Information provided by The Real Estate Center

Homebuyers, you could have saved $44,353 by shopping around for a mortgage last week

If you are a buyer you really need to shop around for the best rates!

6 Curb Appeal Projects You Can Do With Your Kids

Get your kids outside and spark their creativity with these fun landscaping ideas.

Tuesday, June 11, 2019

Dallas Area Residential Sales Report for May - Far North Dallas

May was a good month for home sales in the North Dallas Area with sales up 5% and pending sales increasing 8%. The average sales price rose 1% but the median sales price fell 6%. Looks like there were some gyrations in the make up of the sales. New listings dropped 3%. Active listings came in 175 higher than last May. The months of inventory is now at 4.5 months.

Sales: 123

Average Sales Price: $552,577

Median Sales Price: #452,400

Pending Sales: 111

New Listings: 182

Active Listings: 368

Months of Inventory: 4.5

Information provided by The Real Estate Center

Far North Dallas Neighborhoods - Bonaventure Condos

If you would like to see some of the current listings and solds in this complex CLICK HERE

10 Cheap a10 Cheap and Cheerful Ways to Update Your Kitchennd Cheerful Ways to Update Your Kitchen

10 Cheap and Cheerful Ways to Update Your Kitchen

These quick add-ons and clever refreshes will give your space the facelift it needs without spending a ton of money.

Monday, June 10, 2019

Dallas Area Residential Sales Report for May

May was a pretty good month for home sales in the Dallas area. Sales were up 6%. The average sales price and the median sales price were both up 3%. New listings came in up 4%. The number of active listings were 17% higher that last May. Months of inventory now stands at 3.1 months. With 6 months being considered as a balanced market we are only half way there.

The strong spot in the market continues to be the range between $200,000 to $399,999. This area of the market represents 54.4 percent of all sales. The range between $100,000 to $199,999 remains very tight with about a 1.5 month supply. Million plus properties are in a buyers market with a 12.2 months supply.

Sales: 11,302

Average Sales Price: $332,236

Median Sales Price: $275,000

Pending Sales: 11,569

New Listings: 15,306

Active Listings: 26,230

Months of Inventory: 3.1

Information provided by The Real Estate Center