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Displaying blog entries 11-18 of 18

The long time buzz appears to have come true... Frisco's own Brinkmann Ranch (the original Southfork Ranch from the Dallas TV show) has sold off another 330+ acres of their prime real estate.  It appears that Landon Homes (most recently of Richwoods, Frisco fame) may be looking to develop another gated community here in East Frisco.  As one of the last large land "hold-outs" here in Frisco it will be shocking to many to see another part of this icon finally in the hands of developers.  With current low inventory levels, the continued sharp rise in land prices, and the expansion of Main st (east of Preston) it was only a matter of time. While this isn't the first parcel Brinkmann has sold, nor is it the iconic corner property (part of the original, smaller ranch) at Main & Preston - it is still an interesting development bound to capture the interest of many Frisco residents.  

For those who may be short on their Frisco TX history, or the history of the Brinkmann Ranch - it is owned by Baxter Brinkmann, the founder, owner & CEO of Brinkmann Corporation (grills, outdoor recreational equipment, & more). The Ranch is a true working ranch and had held well over 5500 acres. The ranch runs a Black Angus & Longhorn cattle operation, as well as breeding program which has garned world recognition & offered multiple award winning horses.   Prior to Brinkmann's ownership, the ranch was know as the Cloyce Box Ranch (Box Ranch).  To the general US population, the Cloyce Box Ranch became know as "Southfork" in the original season of Dallas.  After the first production season, the show was moved (at the Box family's request) off the property, where it settled to the west in Parker at the now more recognized Southfork location (previously called Duncan Acres).  The Cloyce Box ranch became not only an icon in Frisco, but became a symbol of the "bigger in Texas" attitude that the nation came to assume of a Dallas cattleman. The site offered the perfect setting for local & national events.  The Ranch (under both Brinkmann & Box ownership) hosted the famous Cattle Baron's Ball on several occasions.  Cloyce Box, a former NFL player turned oil-man & entrepreneur, was as interesting a character as the ranch itself.  Cloyce's son Doug Box wrote a very well regarded book, "Cutter Frisco", which chronicled life growing up on the ranch.  Tragically, in 1987 the original & grand home (storied to have built in the 1940's to replicate Scarlett O'Hara's plantation home) caught fire & burned down - you can watch news reel footage on the internet about the tragedy. Sadly, Mr.Cloyce Box passed away prior to being able to reconstruct the home (hence the structure you still see standing as a frame today).  Amazingly, the original staircase of the house survived the fire & can be found, along with an amazing exhibit, at the Frisco Heritage Museum.  

Moving forward it will be interesting to see how the large remaining tracts are treated.  Long has been an expressed desire to see a large corporate campus, but with the competing interest of rising home prices & land values - only Mr. Brinkmann & the future buyer may know for sure!

One thing is for sure, the "original Dallas" is (or perhaps soon to be "was") truly a Frisco original.

- Have some history to add? Have some history to correct? - We are happy to hear from you.  - Kevin Cannon - 214-714-4032 

Foreclosure Inventory Remains on the Right Track

by Christie Cannon

Foreclosure Inventory Down 35.5% from Last Year | Keeping Current Matters

According to the CoreLogic National Foreclosure Report“approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines.

Anand Nallathambl, the President & CEO of CoreLogic, is hopeful for the future, saying:

“At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. drop below 500,000 homes sometime in the first quarter of 2015 which would be another milestone in the healing of the housing market.”

The map below shows the percentages of foreclosure inventory in each of the 50 states and Washington D.C. Thirty-six states have inventory below the national rate of 1.4% and can be seen in two shades of green.

CoreLogic Foreclosure Inventory | Keeping Current Matters

Bottom Line

Even though some states have not recovered completely from the foreclosure crisis, the nation as a whole is on the right track as inventory decreases. 

Awlays kee in mind, not only is the data local.... it is hyper-local!  Want to know more about your area, please give me a call - Christie Cannon

Where to Invest in Housing in 2015 - Forbes Magazine

by Christie Cannon

Forbes Magazine published their "where to invest" list for 2015. Not surprisingly, Texas holds five spots on the "Best Buy" list with Austin (1), Dallas (3), Houston (5), San Antonio (6), & Fort Worth (10). While prices in Texas have been accelerating between 7-12% annually, it is a combination of buyer demand & a diverse economy that help keep our TX cities on the list.

Read the entire article here at Forbes.com.  

Where are Americans Moving From?

by Christie Cannon

Core-Logic's Home Price Index Report

by Christie Cannon

Another national Real Estate source affirms strengthin the DFW market

December 2014 - Core Logic Home Price Index Report

 

- Hvae questions about the local market?  Please feel free to give me a call - Christie Cannon - Keller Williams Frisco - 469-951-9588

Frisco's $5 Billion Mile

by Christie Cannon

The Frisco Economic Development Corporation has created a webpage summarizing all the announcements and new projects in what's being called "The $5 Billion Mile."  The new projects in development over the next few years will make Frisco a hot spot in the DFW metroplex!  Read all the details from Frisco's EDC here...

Jerry Jones is Betting On Frisco ISD

by Christie Cannon

The new Dallas Cowboys World Headquarters and Training Facility, set to open in Frisco in 2016, will allow Frisco ISD football players to practice right alongside America's team.  

 

The driving force for Jerry Jones' plan is a marriage between America's team and Texas high school football.  The Frisco Independent School District will also have full run of the stadium when the Cowboys aren't in town.  Read more here...

New Planned Development in Frisco

by Christie Cannon

Interest in Frisco has gone international!  Dubai-based, Invest Group Overseas, has announced plans for a $700 Million new development at the corner of the Dallas North Tollway and the future extension of John Hickman Parkway in Frisco.  The proposed project, The Gate, will be a 40.95 acre mixed use project just north of the new Dallas Cowboys Headquarters.  Full details can be found here.

Displaying blog entries 11-18 of 18

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Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com