Saturday, April 11, 2015
Thursday, April 9, 2015
Dallas Area Residential sales Report for March
Single-Family:
Sales were up by 12% in March as compared to a year ago. The average sales price and the median sales price were both up by 9%. Pending sales increased by 3%. The number of new listings fell by 3% and the active listings dropped by 15%. The months of inventory now stands at 2.7 months. If you are looking in the $100,000 to $250,000 price range the months of inventory is about 1.5 months. Inventory levels do not approach normal until you get to $500,000 and above.
Sales: 7,854
Average Sales Price: $255,125
Median sales Price: $197,000
Pending Sales: 7,588
New Listings: 10,271
Active Listings: 16,478
Months of Inventory: 2.7
Condos and Townhouses:
Condo and townhouse sales increased by 7%. The average sales price jumped sharply and was up by 16%. Looks like there were some sales of high-end condos that pulled this average up. The median sales price rose 9%. The pending sales was up by 13%. New listings fell by 3% while the active listings dropped by 26%. The months of inventory for condos and townhouses is even tighter that for single-family and stands at 2.4 months.
Sales: 540
Average Sales Price: $242,979
Median Sales Price: $183,000
Pending Sales: 608
New Listings: 699
Active Listings: 1.019
Months of Inventory: 2.4 months
Leases:
Leasing activity was down by 2%, The average rent increased by 7% and the median rent also by 7%. Pending leases took a huge jump being up by 179%. Not sure if this is just seasonal or what. The good news is that the new listings increased by 17% and the active listings by 3%. Unfortunately with the still large demand the months of inventory is only about 1.5 months. It’s really hard to find a good rental.
Leases: 2,8741
Average Rent: $1,563
Median Rent: $1,450
Pending Leases: 1,768
New Listings: 3,493
Active Listings: 3,263
Information Provided by The Real Estate Center at Texas A&M.
Wednesday, April 8, 2015
Another Big Move
Liberty Mutual relocating 5,000 workers to Plano http://news360.com/article/286780669
Tuesday, April 7, 2015
McKinney, TX Residential Sales Report for February
Single_Family:
Sales were off by 5% in McKinney for February. The average sales price was up by 8% while the median sales price climber by 5%. Pending sales were flat. The number of new listings fell by 2% and the number of active listings dropped by 15%. The months of inventory fell to 1.1 months. Sales are being affected by the extremely low inventory. Buyers just can not find a home to buy.
Sales: 147
Average Sales Price: $291,674
Median Sales Price: $263,000
Pending Sales: 162
New Listings: 216
Active listings: 250
Months of Inventory: 1.1
Condos and Townhouses:
There are not enough condos and townhouses in McKinney to produce any meaningful report.
Leases:
Leases were down by 15% in February. The average rent declined by 2% while the median rent was flat. Pending leases jumped by 105%. The number of new listings increased by 7% and the active listings jumped 43%. The bad news is that this large increase in the active listings only increased the months of inventory to 1.3 months.
Leases: 57
Average Rent: $1,546
Median Rent: $1,580
Pending Leases: 43
New Listings: 76
Active listings: 113
Months of inventory: 1.3
Information provided by the Real Estate Center at Texas A&M
Up coming home tours
The Dallas real estate voyeur's guide to spring 2015 home tours http://news360.com/article/286484441
Thursday, April 2, 2015
Property taxes
Tax van snaps photos to appraise Dallas property http://news360.com/article/285878573
Wednesday, April 1, 2015
FOE SALE 105 Sonoma Creek, Richardson, TX
Rare opportunity to own a 4-BR luxury townhouse. Clean and ready. Features of this desirable end unit include: Master BR down; island kitchen; cherry-stained cabinets; 3 bedrooms & 2nd living area up; private patio; walk-in closets provide abundant storage; plentiful natural light. Convenient to Hwys 75, 635 & Bush Tpke; neighborhood shops, restaurants & Huffhines Park-Rec Center. Come enjoy the lifestyle you deserve! Buyer to verify all info.
Buyers are in the market
Mortgage applications surge on spring demand
http://www.cnbc.com/id/102551267
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Renters are looking to leave New York, Chicago for Dallas.
Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas
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Renters are looking to leave New York, Chicago for Dallas. Start spreading the news. They’re leaving today…for North Texas -
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