North Dallas/Richardson/Plano Real Estate

Sales were up 41% in November. The average sales price increased by 2% and the median sales price increased by 7%. The number of new listings increased sharply but the number of active listings continues to be very low. The months of inventory number is only 2.9 months. With inventory levels this...

Richardson continues to fair better than any other city in the Metroplex. Sales for October were up 25% and the average sales price rose 3%. The number of active listings continues to drop creating a very low supply of homes for sale. Homes in October sold on average in 36 days. Sales: 91 Average...

North Dallas north of Northwest Hwy. and south of LBJ: October saw a 19% increase in sales along with a 17% increase in the average sales price. The median price increased by 29%. These increases are not a general rise in sales prices but simply reflect some additional sales in the higher end of ...

The President will sign tomorrow an extension of the first time home buyer tax credit. The new legislation extends the credit until April 30 ,2010 to have a home under contract and it must close by June 30, 2010. The $8,000 max remains the same. In the bill is a new credit for existing homeowners...

The Case-Shiller Home Price Index for August came out today. The report found that the D-FW area was down by 1.2% from a year ago. This is close to the 2% drop reported by NTREIS (our local MLS). The 2 reports measure home prices differently so some difference should be expected. The Case- Shille...

NORTH OF NORTHWEST HWY. AND SOUTH OF LBJ: There was a pick up in sales in this area in September but the average sales price continued to erode. Pending sales picked up along with the number of new listings. The number of active listing was flat. There continues to be an over supply on the market...

Effective October 12th, the major mortgage insurance companies will be changing their guidelines in regards to property flipping. The new requirements are: • If the seller acquired the property fewer than 90 days from the date of the purchase contract, the loan is ineligible. • If the seller acqu...

The Nation Association of Realtors released their Nations Sales Report for August today and I thought it might be helpful to compared the Richardson market to the national market. The National Association of Realtors reported sales nationally were of by 2.7% in AAugust compared to August of last ...

For purposes of this report north Dallas is broken into two section:. North of Northwest Hwy and south of LBJ and North of LBJ. North of Northwest Hwy and South of LBJ: Sales in this area in August continued to be weak. The upper price ranges are not moving. Sales were of by12% compared to a year...

In order to qualify for the first time homes buyers tax credit of $8,000 your new home must close no later than November 30th. If everything goes right you should have your new home under contract by the end of October to make the deadline. However, we know that things do not always go as planed....