Thursday, May 7, 2015
Wednesday, May 6, 2015
Why you should use a Realtor
Facts About The FSBO Vs Realtor Debate That You Need To Know http://news360.com/article/291300789
New mortgages still up
Weekly mortgage applications drop 4.6% on higher rates
http://www.cnbc.com/id/102652240
Tuesday, May 5, 2015
McKinney TX Residential Sales Report for March
Single-Family:
Sales were up by 85% in McKinney for March. The average sales price increased by 18% while the median sales price climbed by 19%. As in other areas, A Lot of this increase is due to a disportionately amount of sales in the upper price ranges. Pending sales jumped by 27% so We can count on a strong April sales. The number of new listings increased by 7% but the active listings declined by 22%. About 33% of the listings a builder new homes. The months of inventory fell to 1 month.
Sales: 209
Average Sales Price: $314,342
Median Sales Price: $278,500
Pending sales: 233
New Listings: 276
Active Listings: 235
Months of Inventory: 1
Condos and Townhouses:
There are very few condos and Townhouses in the McKinney area. The number of sales is too low for any meaningful analysis.
Leases:
Leases were up 7% in March. The average rent declined by 4% while the median rent fell by 1%. Pending leases jumped by 157%. March of last year was a slow month for rentals. The number of new listings fell by 4% but the active listings climber by 27%. While this is good news, the months of inventory sits at only 1.1 months.
Leases: 89
Average Rent: $1,648
Median Rent: $1,600
Pending Leases: 54
New Listings: 101
Active Listings: 100
Months of Inventory: 1.1
Information provided by the Real Estate Center at Texas A&M.
#mckinneyhomes
Friday, May 1, 2015
Allen, TX Residential Sales Report for March
Sales were up by 3% in the Allen area in March. The average sales price increased by 8% while the median sales price climbed 7%. Pending sales were down by 18%. In the other areas where we have seen a drop in sales or pending sales, it can be chalked up buyers just not being able to find the house they want due to the extreme shortage of inventory. New listings declined by 15% and the number of active listings fell 1%. About 40% of the active listings are builders new homes.
Sales: 117
Average Sales Price: $314,006
Median Sales Price: $265,000
Pending Sales: 108
New Listings: 148
Active Listings: 184
Months of Inventory. 1.5
Condos and Townhouses:
There are not enough condos and townhouses in the Allen area to make a meaningful report.
Leases:
Leases were off by 27% in March. The average and median rent increased by 2%. The pending leases jumped by 360%. Last March numbers were very low. The number of new listings climbed by 14% and the active listings by 16%. The months of inventory remains very low at 1.3 months.
Leases: 27
Average Rent: $1,760
Median Rent: $1,700
Pending Leases: 23
New Listings: 57
Active Listings: 52
Months of Inventory: 1.3
Information provided by the Real Estate Center at Texas A&M.
Lots of things to do in the Dallas area this weekend
Things to Do: Editors Picks in Dallashttp://flip.it/n1hUr
Wednesday, April 29, 2015
Plano, TX Residential Sales Report for March
Single-Family:
Single-family sales were off by 9% in the Plano area in March. Demand is still high but buyers are having trouble finding a house to buy. The average sales price increased by 9% while the median sales price jumped by 16%. As with other areas, the average and median sales prices are being pulled up by not only demand but also by abnormally low numbers of sales in the lower price ranges. There were 7 sales below $150,000 and 5 sales above $1,000,000.
Pending sales were up by 7%. The number of new listings fell by 10% and the active listings by 29%. The months of Inventory dropped to 0.9 months.
Sales: 241
Average Sales Price: $361,156
Median Sales Price: $313,000
Pending Sales: 271
New Listings: 333
Active Listings: 268
Months of Inventory: 0.9
Condos and Townhouses:
There are very few condos and townhouses in Plano. Due to this fact, the condo and townhouse numbers are very erratic and I do not report them.
Leases:
Leases were up by 7%. The average rent increased by 5% as did the median rent.
Pending leases jumped 200%. The number of new listings climbed by10% while the active listings were up by 6%. Unfortunately these increases did not help the months of inventory which now stands at 1.1 months.
Leases: 157
Average Rent: $1,824
Median Rent: $1,800
Pending Leases: 102
New Listings: 187
Active Listings: 171
Months of Inventory: 1.1
Information provided by The Real Estate Center at Texas A&M.
Tuesday, April 28, 2015
Monday, April 27, 2015
Lake Highlands/NE Dallas Residential Sales Report fo March
Single-Family:
Sales in the Lake Highlands/NE Dallas area were up by 3% in March as compared to a year ago. The average sales price jumped by a whopping 22% while the median sales price was up by 26%. As in other areas, this large increase is mostly caused by sales being concentrated in the upper price ranges and few sales in the lower ranges.
Pending sales were up by 2%. The number of new listings declined by 18% and the active listings by 4%. The months of inventory stands at 1.4 months.
Sales: 75
Average Sales Price: $ 378,236
Median Sales Price: $ 247,250
Pending sales: 67
New Listings: 75
Active listings: 90
Months of Inventory: 1.4
Condos and Townhouses:
Sales were off by 25% in March. The average sales price increased by 22% while the median sales price jumped by 57%. Pending sales were up by 81% so next month's sales are looking good. The new listings fell by 14% and the active listings fell by 17%. These declines reduced the months of inventory to 2.2 months.
Sales: 21
Average Sales Price: $86,453
Median Sales Price: $72,500
Pending Sales: 58
New Listings: 43
Active listings: 53
Months of Inventory: 2.2
Leases:
Leases took a huge jump of 63% in March. The average rent increased by 5% but the median rent climbed by 28%. Pending leases were up by 67%. The new listings increases by 18% but the active listings declined by 31% leaving the months of inventory down to 1 month.
Leases: 39
Average Rent: $1,343
Median Rent: 1,250
Pending Leases: 20
New Listings: 33
Active Listings: 29
Months of Inventory: 1
Information provided by The Real Estate Center at Texas A&M.
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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 -
http://www.cnet.com/pictures/drool-worthy-appliances-you-cant-afford-pictures/