Real Estate Market Report for Addison, Texas: April 2015Residential Real Estate For Sale in Addison TexasThe total number of available residential properties for sale in Addison, Texas is 25 (down from the 28 last month). Currently for sale, there are: 11 single family homes 1 half-duplex 9 condos 4 townhomes Sixteen of the 25 available homes above have been on the market for longer than 30 days. Six of the “active” homes are incomplete new construction at Meridian Square.  If you want to buy a home *today* in Addison for immediate move-in after closing, you’ve got only 19 choices.The average number of days on the market for the “active” status homes is 77 days, down from 78 last month. This does not include any incomplete new construction. The median number of days on the market is 34,... 05/04/2015

Real Estate Market Report for Addison, Texas: March 2015 Residential Real Estate For Sale in Addison Texas The total number of available residential properties for sale in Addison, Texas is 28 (up from the 25 last month). Currently for sale, there are: 12 single family homes No half-duplexes 12 condos 4 townhomes Sixteen of the 28 available homes above have been on the market for longer than 30 days. Seven of the “active” homes are incomplete new construction at Meridian Square.  If you want to buy a home *today* in Addison for immediate move-in after closing, you’ve got only 21 choices. The average number of days on the market for the “active” status homes is 78 days, up from 73 last month. This does not include any incomplete new construction. The median number of days is only 31, dow... 04/03/2015

Real Estate Market Report for Addison, Texas: February 2015   Residential Real Estate For Sale in Addison Texas   The total number of available residential properties for sale in Addison, Texas is just 25 (down from the incredibly low of 28 last month). Currently for sale, there are:   6 single family homes (none of them are single-story homes) No half-duplexes 12 condos 7 townhomes   Eighteen of the 25 available homes above have been on the market for longer than 30 days. Nine of the “active” homes are incomplete new construction at Meridian Square.  If you want to buy a home *today* in Addison for immediate move-in after closing, you’ve got only 16 choices.   The average number of days on the market for the “active” status homes is 73 days, down from 109 last month. This does not inc... 03/01/2015

For those who love Southern cooking, Blues and Jazz,  Buttons Addison is the place to be tonight.  One of my favorite musicians, Shelley Carrol, of the Duke Ellington Band, and Verb Culture are presenting "A Night at the Cotton Club."  This is an opportunity to enjoy delicious food and extraordinary music performed by top notch musicians.  For one night only, you will be transported through music to the era of Swing, Duke Ellington, and The Cotton Club. As of this writing,  a few tickets are still available.  I'm headed out the door!  See you there! Button's Addison Shelley Carol "A Night at the Cotton Club" Saturday, February 28, 2015 15207 Addison Road Addison, TX 75201 972-503-2888   02/28/2015

Almost a year ago, I wrote about a new Addison frozen yogurt shop, Sweet Frog. When it first opened, I rejoiced! Finally - a local froyo establishment, and one with the syrupy walnut topping I like, too. Those "wet walnuts" (as we called them back in the New Jersey of my youth) are hard to find. After only a few months, the wet walnuts disappeared from the toppings bar. The staff told me they had changed distributors and the new distributor didn't carry them. I still went to Sweet Frog, but not quite as often. Now, the story has a happy twist. I recently met Jim Hoag and it turns out he's the new owner of  Sweet Frog in Addison (and a couple other locations). When I lamented the loss of the wet walnut topping, he assured me it's back on the toppings bar. The frozen yogurt is self-serve,... 02/14/2015

Real Estate Market Report for Addison, Texas: January 2015   Residential Real Estate For Sale in Addison Texas   The total number of available residential properties for sale in Addison, Texas is just 28 (down from 36 last month). Currently for sale, there are:   12 single family homes No half-duplexes 10 condos 6 townhomes   Twenty three of the homes above have been on the market for longer than 30 days.   The average number of days on the market for the “active” status homes is 109 days, down from 124 last month. This does not include any incomplete new construction. The median number of days is 111, up from the 104-day median last month.       New listings in January   Twelve homes came on the market in Addison, TX in January 2014, up from 11 the previous month.   Subdivision Street... 02/03/2015

For Sale in Addison, TX. This light, bright, single story, zero lot Addison home in the Waterford subdivision has the open floor plan today's buyers want. With wood floors, stainless steel appliances, custom cabinets, gas range, and a bonus room, this little charmer will welcome you in. Several skylights were added and the wall of windows in the living area provide lots of natural light.           Year built: 1991 Square feet: 1,639 Bedrooms: 3 Full baths: 2 Dining areas: 2 Living area: 1 Garage: 2- car attached HOA: none   Located at the end of the quiet street, and steps away from the Addison Athletic Club, this home backs up to a greenbelt. An arbor was added over the patio at the back of the house so you can enjoy the outdoors in the shade. Enjoy the Addison lifestyle, with nearby r... 01/31/2015

  Asbury Circle Real Estate   2014 Year In Review   Fourteen* homes sold in Asbury Circle in 2014. Address BR/Bath List Price Sold $/SqFt DOM** Sold 3900 Amberwood 3/3 ½ $339,900 $137.78 31 5/30/14 3940 Amberwood 3/3 ½ $355,000 $127.40 51 12/1/14 3904 Amberwood 4/3 ½ $324,000 $120.87 61 2/4/14 3916 Amberwood 3/3 ½ $310,000 $131.64 19 2/21/14 3885 Asbury Lane 3/3 ½ $312,400 $124.65 94 7/15/14 3902 Asbury Lane 3/3 ½ $335,000 $125.55 32 12/4/14 3908 Asbury Lane 3/3 ½ $295,000 $123.00 61 2/3/14 3912 Asbury Lane 3/3 ½ $299,500 $127.94 3 2/25/14 3936 Asbury Lane 3/3 ½ $289,900 $127.62 39 2/28/14 3880 Everwood Lane 3/2 2 $319,500 $124.17 92 8/25/14 3886 Everwood Lane 4/3 ½ $281,000 $110.68 29 5/2/14 3890 Everwood Lane 3/3 ½ $323,000 $123.98 101 10/7/14 3892 Everwood Lane 4/3 ½ $320,000 $132.50... 01/22/2015

Towne Lake Real Estate   2014 Year In Review       The residential real estate market in Addison is booming! Here's what happened in 2014 in Towne Lake. Towne Lake, a subdivision of 63 townhomes in Addison, is off Beltway Road, one block south of Beltline and west of Midway Road. Built in 1997-98, the complex has an outdoor pool and clubhouse. Towne Lake is comprised of two and three story townhomes on two streets: Towne Lake and Towne Green. The homes are platted in a figure-eight design, with those on Towne Lake surrounding a small man-made lake.  The area between the two circles is where the pool and clubhouse are located.       Seven* homes in Towne Lake sold in 2014.   Address Bed/Bath List Price Sold $/SqFt DOM** Sold 4152 Towne Green 3/2 ½ $315,000 $156.53 17 6/12/14 4150 Towne ... 01/18/2015

Addison Timbers Homeowners Association Real Estate Year In Review (2014)         The residential real estate market in Addison is booming! Here is what’s going on in our corner of the world.     Six* homes in the Addison Timbers HOA sold in 2014.   Address Bed/Bath List Price Sold $/SqFt DOM** Sold 14703 Le Grande 3/2 $207,000 $137.72 4 2/12/14 14826 Le Grande 3/2 $250,000 $142.63 20 6/17/14 14802 Le Grande 2/2 $220,000 $156.14 0 8/4/14 4112 Leadville 2/2½ $262,000 $158.78 30 8/29/14 4109 Leadville 2/2 $210,000 $149.75 17 9/30/14 4107 Rush 2/2 $218,900 $149.04 60 11/14/14   * Homes that were sold privately, outside of the MLS are not included.                                         ** DOM = number of days on the market       The average sold price was $228,167 and the average sold pri... 01/11/2015

Even in a great sellers market, condos can be a challenge. It's easier when there are cash buyers, but anyone requiring financing can be met with seemingly insurmountable obstacles. Is the condominium complex on the FHA Approved List? If not, sellers can eliminate a huge number of potential buyers: those who are qualified for an FHA loan. For those buyers who are pre-approved for a conventional loan, the lender will obtain enough information to complete a "condo questionnaire" to determine if the complex is warrantable.  Examples of what they're looking for include whether there are enough cash reserves, if any one person or entity owns more than 10% of the units, and if the ratio of owner-occupied vs investment properties is acceptable. In some instances, if the anwers are not acceptab... 01/03/2015

Real Estate Market Report for Addison, Texas: December 2014   Residential Real Estate For Sale in Addison Texas   The total number of available residential properties for sale in Addison, Texas is 36 (down from 47 last month). Currently for sale, there are:   13 single family homes No half-duplexes 14 condos 9 townhomes   Thirty two of the homes above have been on the market for longer than 30 days.   The average number of days on the market for the “active” status homes is 124 days, the same as last month. The median number of days is 104, up from the 102-day median last month. These numbers are skewed due to incomplete new construction at Meridian Square.       New listings in December   Eleven homes came on the market in Addison, TX in December 2014, up from 10 the previous month.  ... 01/01/2015

It's My Active Rain Anniversary Today - 8 Years! On December 23, 2006 I became a blogger and wrote my first post on Active Rain. What an adventure this has been! From completing 30-Posts in 30-Day Challenges, to participating in real estate video contests, to reading the great content shared by others, and to my fellow bloggers, I've enjoyed the time I've spent on the site and the education I've received here. I love getting phone calls from strangers asking me questions about things I've written, such as the local no-kill animal shelter; the annual Kaboom Town fireworks on July 3rd every year in Addison (I don't like those calls on July 4th asking me where everyone is); local restaurants; and especially those calls asking for real estate help. Just last week I was reminded how powerful... 12/23/2014

Real Estate Market Report for Addison, Texas: November 2014   Residential Real Estate For Sale in Addison Texas   The total number of available residential properties for sale in Addison, Texas is 37 (down from 47 last month). Currently for sale, there are:   16 single family homes (plus 2 that are under contract, in option). No half-duplexes (with 1 in option). 12 condos (plus 2 in option). 9 townhomes (plus 1 in option). 33 of the homes above have been on the market for longer than 30 days. The average number of days on the market for the “active” status homes is 124 days, up from 67 days last month. The median number of days is 102, up from the 54 day median last month. These numbers are skewed due to incomplete new construction at Meridian Square.   New listings in November   Only ... 12/09/2014

Home For The Holidays in Addison, Texas Have you seen what's going on in Addison's Vitruvian Park? It's a festival of lights! The Vitruvian complex, located at 3850 Vitruvian Way, Addison TX, contains a 12-acre park. With more than 550 trees, each wrapped with LED lights, you'll experience a riot of color. Last year, UDR, the developers of Vitruvian, used 1.2 million lights, but that number had to be increased to 1.5 million due to the growth of the trees over the past 12 months. Vitruvian Lights are on every evening, now, through January 1, 2015. In addition to the free light show, there are free special events: Mars Hill (Saturday, Dec. 6), Dallas String Quartet (Saturday, Dec. 13), and Chris Rivers Band (Saturday, Dec. 20). To get to the park, from I-635, take the Marsh Lane exit and... 12/03/2014

How Long Do I Have To Wait To Buy An Addison, TX Home? If you've had a bankruptcy, foreclosure, deed-in-lieu of foreclosure, or short sale, there are required wait times before you can obtain a loan to purchase a home in Addison, Texas and elsewhere in the Dallas Metroplex. Here is a quick at-a-glance guide to help you determine how long you'll have to wait. Waiting Periods for Buyers     Event FHA VA Conventional Bankruptcy Chapter 7: 2 years Chapter 13: 12 month minimum with satisfactory payout & court approval Chapter 7: 2 years Chapter 13: 12 month minimum with satisfactory payout & court approval Chapter 7 or 11: 4 years Chapter 13: 2 years from discharge date or 4 years from dismissal date Deed-in-Lieu of Foreclosure 3 years 2 years 2 years: 80% max LTV 4 years: 90% max LTV 7 year... 11/16/2014

Real Estate Market Report for Addison, Texas: October 2014   Residential Real Estate For Sale in Addison Texas   The total number of available residential properties for sale in Addison, Texas is 47 (down from 50 last month). Currently for sale, there are:   20 single family homes (plus 2 that are under contract, in option). No half-duplexes. 14 condos (plus 2 in option). 13 townhomes (plus 1 in option). 31 of the homes above have been on the market for longer than 30 days. The average number of days on the market for the “active” status homes is 67 days, down from 75 days last month. The median number of days is 54, up from the 43 day median last month.   New listings in October   Twenty four homes came on the market in Addison, TX in October 2014, up from 23 the previous month.   Sub... 11/11/2014

Addison Pacesetters Learn About Traffic Signals & Street Signs Addison Pacesetters (Addison, Texas residents 50+ years of age) meet the first Wednesday of each month at Dunn Bros. on Belt Line Road and learn about the Town of Addison. This month, Brandon Graham, Signal Technician, spoke to us. Here are some tidbits from his presentations and the Q & A session that followed: Brandon has worked for the Town of Addison for 8 years. Before coming to Addison, he was with Garland for 10 years. There are 36 traffic signals and approximately 3800 street signs in Addison. There are 72 street lights on Belt Line Road. He is on call 24/7 and has remote access to signals so he doesn't have to come into the office if it's after hours. 90% of what he does he learned through on-the-job training. He en... 11/07/2014

Addison TX VA Loans  is the best loan program in Texas!         Designed for both active duty military and honorable discharged Veterans, VA mortgage loans are one of the best mortgage loan programs available today.                 Here are some of the great features of this fantastic program:                 - Up to 100% financing, with no down required.         - No monthly mortgage insurance.         - Easier credit qualifying compared to other types of mortgage loans.               - VA mortgage rates are low compared to other types of home loans.                  So how do you qualify for Addison TX VA Loans?                 First of all, you must verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. You can work with an approved Texas VA mortgag... 11/06/2014

Preventing Sounds That Go Beep Beep Beep in the Night in Addison.   Why do smoke detector batteries only fail after 11:00 pm and before 7:00 am? No one knows.  But there is a way to prevent this from happening. And if you live in Addison, Texas, replacing those batteries in your smoke detectors is even easier than you think.   October is Fire Safety Month. If you live in Addison in a single family home, you can schedule an appointment through the Addison Fire Department's secretary (call Monica Hernandez at 972-450-7201) and the fire fighters will pull up to your house in the fire truck, carry in a ladder and some batteries, and replace the batteries in your smoke detectors. FOR FREE.   This morning, Lt. John Lage (left in photo above), Firefighter Darryl Johnson (center), and FEO Tim T... 10/10/2014