North Dallas/Richardson/Plano Real Estate

Sales were flat in August and we saw a small decline in the average and median sales prices. Pending sales were up slightly while the number of new listings and active listings continues to shrink. Active listings fell 35% leaving us with only 225 homes on the market. This represents a 2.9 month ...

For purposes of this report North Dallas in broken down into two sections. North Dallas north of Northwest Hwy. and south of LBJ This area of Dallas contiunes to experience difficutlies. The high end market is very slow. At the end of July there was an 18.7 month supply of homes on the market. Th...

After a strong month of sales in June, July saw a very small decline of 1% in the number of sales. The average sales price increased by 5% and the median sales price increased by 10%. Days on market decreased to 48 days. The number of active listings continued its decline shrinking by 30%. The mo...

Yes! Yes! I know! Sales are terrible and we are over run with foreclosures or at least that what you hear on TV and read in the papers. Well here is the truth!  June saw a 26% increase in sales in the Richardson market. This increase was accompanied by a 4% increase in the average sales price and...

Today in the Dallas Morning News Business Section there was a story with the headline" Did area's home values really go anywhere at all". The article starts out talking about how home prices did not experience the rapid run up that other areas of the country did and how our local prices have not ...

Many of you have probably never heard of the Home Valuation Code of Conduct (HVCC) but if you are buying or selling a home you may encounter appraisal problems due to this change in appraisal standards. On Thursday The National Association of Realtors chief Economist Lawrence Yun released the fol...

The Dallas Morning News reported Friday that there was a record number of foreclosures posted for July. Well maybe it is but there is one problem. Many of the homes posted were also posted for foreclosure in May and some of them were also posted in April. The total number reported in the Dallas N...

Due to the size of the north Dallas Area, I break the report into 2 sections. North Dallas north of Northwest Hwy. and south of LBJ: This area continues to struggle. Sales were of by 18% and the average sales price declined by 15%. this does not mean that all of the homes declined by this much. t...

For May sales in the metroplex were off by 24% and the average sales price declined by 5%. Richardson fared much better. Sales were down in Richardson by 13% but the average sales price was up by 2% while the median sales price was down by 2%. These 2 small changes in price really indicate a flat...

The last 2 weeks have seen buyers coming back into the market! I'm currently working with several buyers and Realtor I talk to says they are too. I don't know if the increase in mortgage rates have gotten buyers off center or just a better feeling about the economy but what ever it is it's a very...