Real Estate Information Archive

DFW housing continues despite oil & gas concerns

Saturday, February 6, 2016

by Christie Cannon

Corporate growth & an influx of out of state buyers continue to sustain North Dallas' housing market growth. Steve Brown of the Dallas Morning News wrote an excellent article expressing the positives of North Texas' continued growth, as well a continued concern of both buyers and builders with regards to the climbing prices. With the full impact of corporate relocations (Toyota, State Farm, Charles Schwab, JPMorgan Chase, etc) not yet fully realized, the housing market is not likely letting up for the foresee able future.

- Christie Cannon of Keller Williams Frisco

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Frisco Prices Since 2006 - see how they rise!

Monday, February 1, 2016

by Christie Cannon

Single-Family, Pre-Owned homes in Frisco reflected as average price.

Have a question or wish to see additional data? Please give us a call!

Christie Cannon - 469-951-9588 - Keller Williams Frisco

CLICK HERE for larger version

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Home Sales Bounce Back Despite Low Inventory

Sunday, January 31, 2016

by Christie Cannon

December saw the highest month-over-month increase with existing Home Sales up alomost 15% over November.
The National Pre-existing Home Inventory remains below the historic norm with only a 4-months supply.
Year-over-year price gains continue with a 7.6% increase.

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National Association of REALTORs December Existing Home Sales Report

Monday, January 11, 2016

by Christie Cannon

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Holiday Happenings - All Around Town

Thursday, December 17, 2015

by Christie Cannon

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Continued Drop in Distressed Home Sale Prices

Sunday, November 29, 2015

by Christie Cannon

In the latest Existing Home Sale Report from the NAR (National Association of REALTORs), the NAR is reporting that less than 6% of the national market represents distressed sales. This is a sharp decrease from 2014 reporting at 9%. At their most recent peak, distressed property sales represented a full 35% of all national real estate sales. 6% represents the lowest figure since 2008, when the NAR began tracking this metric.

Existing Home Sales continue steady, with year-over-year sales up 3.9%. Likewise, inventory remains low at approximately 4.8-months supply, versus a balanced market at 6-months. The national median home price has seen an increase of 5.9% to $219,000. It is important to consider, that the sharp increase in median price, at least for many markets, represents a regaining of previously lost sale prices.

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Niche.com's Best Suburbs to Purchase a House in TX

Monday, November 23, 2015

by Christie Cannon

Niche.com just published their 2015 List of Best Suburbs in TX to Purchase a Home!

Once again Denton & Collin Counties dominate the top 10 list with 8 spots!

Little Elm
Murphy
Frisco
Allen
Lavon
Leander
Wylie
The Colony
McKinney
Cedar Park

The Best Suburbs List is also broken down by Metro Area - Dallas. For the entire list &/or how the rankings were calculated, click here!

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Why Correct Pricing is Key

Tuesday, November 10, 2015

by Christie Cannon

How many times have you as a buyer, seller, home owner, or real estate pro witnessed a house that seemed to linger a little longer than the neighbors, then undergo a modest price drop and -boom- full price offer, or better yet (at least for the seller) multiple offers? There is no better anecdote for the power of proper pricing than this classic scenario.

Proper pricing placement is critical to positioning a home in the market. Even a home slightly overpriced will often go "unnoticed" by buyers in the market, despite a seller's likely willingness to negotiate a less than full list-price contract. According to the National Association of REALTORs, pricing a home 10% over market value eliminates up to 70% of the "buyer pool" willing to look at the home. As such, proper pricing or a well timed price reduction, can assist in positioning a home where the market is most likely to react.