After a decline in June, North Texas existing home sales rose again in July with most of the activity occurring in the $200,000 to $400,000 range. New home starts are up 12% from 2017 as builders respond to the demand and lack of inventory in this price range. On the flip side, demand and price appreciation for higher-priced homes has softened, which makes it a great time to be a move-up buyer. But, the key to achieving your buying or selling goals in any price range is working with a professional who understands the diversities of today's market.
North Texas home sales surged in May, setting new records. But, there are different challenges and opportunities presented by different price points. Homes priced below $200,000 are quickly snapped up by millennials and investors, while owners of homes priced over $600,000 have more competition and less demand. The key to success is to enter the market with the expert guidance of a local real estateprofessional who understands the dynamics affecting your specific home sale or purchase goals.
Buyer demand is as strong as ever, and the good news is that the inventory of available homes has increased 8 percent from the same time a year ago.
Even with the increase, however, the supply remains under what is considered a balanced market. Properties that are in a good location, in good condition and are priced accurately are a hot commodity.
If you would like a current analysis of what your home would possibly sell for in today’s market, I'd love to help. As an expert in our local market, I have been closely watching the trends and can explain how they affect you and your specific real estate goals as a buyer or seller.
Just call, email or text me anytime! And please recommend me to any of your
…and if the sales pace of January and February is any indication, we are in for the hottest on record.
Home financing costs have moved higher in the last few months and are expected to continue to rise, but the increases so far haven't been enough to cool demand.
Strong buyer demand has also put upward pressure on home prices, which have increased significantly during the past five years. As a result, the wealth factor for most homeowners has also increased. If you would like an analysis of the equity you have in your home now, I'd love to help. You may be pleasantly surprised!
Just call, email or text me anytime. And please refer me to any of your friends or family members who need experienced guidance
The North Texas housing market started the year off strong with the most home sales ever in the month of January.
Even in the face of increasing interest rates, we expect the demand for homes to stay as strong as the pace of job and population growth our state is experiencing. However, we expect the pace of home price increases to slow down. And, that’s not necessarily a negative as economists keep an eye on the dangers of over speculation in markets across the U.S.
Enclosed is a report showing activity in area communities during the first month of the year. But conditions and trends vary down to the block level in specific neighborhoods and in each price category. If you are thinking of selling your home, I would be happy to provide the most
This year, organizers of the White Rock Home Tour — East Dallas’ premiere modern home tour — are asking tour-goers to go the extra mile (actually six miles if you’re counting). The reason? An amazing time capsule of a home located in Garland that has received only the pickiest of updates.
White Rock Home Tour chair Alyson Black assures me that this home is so spectacular that it’s worth the trip. “This home was built in 1965 by commercial architects Craycroft Lacy & Assoc. for a prominent TV news man in a scenic area of old Garland, and was lovingly restored a few years ago,” Black said. And after getting a sneak peek at the photos of this particular home, I have to agree: IT IS FABULOUS! In fact, it’s so
When Joanna England first covered this midcentury modern gem back in September, our readers fell in love. Since then, the three-bedroom, two-bath charmer has taken quite a price cut — a steep one in fact – from $565,000 to its current list price of $495,000! Yes, you read that right. This puppy is ready to be SOLD!
Steeped in mystery with jaw-dropping post-and-beam design, our Friday Four Hundred is one of the most spectacular, untouched, midcentury moderns you can find under $500K in Dallas. Just ask listing agent Brandon Stewart of David Griffin & Company Real Estate.
“This is one of the rare time capsules that hasn’t been remodeled into a design bastard,” says Stewart. “It’s a classic midcentury modern with
Our company celebrated a banner year in 2017 as North Texas existing home sales were the highest on record as they exceeded 106,000!
The enclosed report shows the sales activity that occurred in specific communities. We expect the strong sales pace to continue into 2018, but the inventory of available homes remains low. If you have been waiting to put your home on the market, now is a good time as buyer demand remains high.
If you have any questions about how the dynamics of today's market affect your specific real estate needs and goals, please consider me as your resource. Or, if you know anyone else who is thinking about buying or selling a home, I'd appreciate your referral to them. You can have confidence that I will provide exceptional