Is it a good time to sell in North Texas?

 

It is definitely still a seller’s market and according to a majority of real estate economists recently surveyed by Zillow and Pulsenomics LLC. They consensus is that it will stay a seller’s market until 2020.  However, it appears to be slowing a bit

 

“For the past several years, home sellers held all the cards at the negotiating table, fielding multiple offers while buyers faced stiff competition and a fast-moving market,” said Aaron Terrazas, Zillow’s senior economist. “Conditions are starting to show signs of easing up, but the effects of years of limited construction still linger.”

In the north Texas market seller’s aren’t seeing as many multiple offers as last year especially with homes priced about $500,000.  Homes, on average, are staying on the market an additional 5 days when compared to July of last year.  Prices have increased, on average, 6-7%. The areas statistics very form city to city; for example, Frisco home prices are up 7.1% while the number of homes sold decreased 13% from July 2018. On the other hand,  number of homes sold in Celina is homes is up 14%, but the home prices are down 4%.

No matter the differences, our area real estate continues to be strong. Please contact us if you would like resent market statistics for your area. We are always here to help!

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What Home Renovations Increase Value?

If you’re looking to improve your home but can’t guarantee you’ll live there forever, chances are you’re weighing the costs and benefits of certain renovations—what kind of return will you see if or when you need to sell? Knowing the answer drastically increases your enjoyment of your space for the time being and gives you some peace of mind about the future. We’ve compiled a list of the categories which offer the most added value. Enjoy!

Best Bang-for-Your-Buck Home Renovations

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North Texas Real Estate Market…Up, Down, Flat?

Chances are if you pick up the real estate or business section of The Dallas Morning News on any given day, there will be an interesting article about the local real estate market. Now finding two articles that say the same thing is a completely different story. Even after being a licensed realtor for over 15 years, my head spins with confusion as each article spins the statistics differently. Here are a few recent examples of articles: DFW Homeowners are staying put longer, Dallas: The Silicon Valley of the South? Texas home supply at lowest level in 28 years, Dallas is top US home market in new Chase consumer poll, DFW home starts soared in second quarter.

One thing that is clear, our local real estate market has gained the attention of the rest of the country and it may be safe to even say…the world. With all the confusing information at our finger tips daily, I did find an article today in the business section of the Dallas Morning News this morning that did a great job of breaking down some facts about our local real estate market!

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