Allen, TX Real Estate News

By Tammy Pearce, Tammy Pearce
(Haute Realty 214-994-6474)
The 2-Story, Hunting-Fishing-Boating-Camping-Outdoors Megastore will open its 100,000 square-foot store on 14 acres of land off Cabela's Drive, just south of the Village at Allen shopping center in May 2011.  It will not only create 120 new jobs, but will also aid the City of Allen in its continuous efforts to lower property taxes.  Part of the 15-year contract includes a requirement that Cabela's will make minimum annual sales of $40 million in taxable items, or pay a penalty.  With the addition of Cabela's to Allen's retail base, the AEDC has been able to decrease the property tax rate for the 17th year in a row.  That makes Allen a great choice for homebuyers wishing to re-locate to the DFW area.  Today, we drove an hour to attend a crappie fishing seminar presented by a local fishin...
Comments 4
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
When searching the Multiple Listing Service (MLS), I'm often amazed to find listings with one or no photos. I wonder how the listing agents expect to effectively market the properties. There was a time when this was not a big issue but those times have passed. We need to take a look at where we were to understand where we are now and why photos are so important. There was a time when the MLS was simply a computerized tool to share listings with other REALTORs replacing the listing books of days past. As time went on, brokers started displaying the listings of other brokers on their web sites through the Internet Data Exchange (IDX) protocol. These IDX search portals allowed the public to access all active listings within a particular MLS. As Internet usage grew, so did the utilization ...
Comments 1
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
I've written about the ineffective nature of Open Houses in our market place on more than one occasion.  I'm beginning to think that Broker Opens are even less effective these days.  We decided to hold a Broker Open today on one of our listings.  We sent out over 13,000 emails (there is company that emails agents in our market), listed it in the MLS as a broker open, dropped off flyers at the offices closest to the event, and had a couple of our business partners with huge Facebook followings advertise it for us. We offered a free lunch and a drawing for a $100 VISA card. Today we picked up the food, placed signs out to direct people to the property, set up our inflatable RE/MAX Balloon on the front lawn, and got the home into "Show Ready" condition. One of our team agents and I procee...
Comments 16
By Tammy Pearce, Tammy Pearce
(Haute Realty 214-994-6474)
Coming to Allen in November, the Texas Stampede Rodeo supports Children's Hospital in Dallas by inviting the top guys and gals in the rodeo circuit to compete for great prizes while raising money for an awesome cause.  For the first 9 years, the event has been held at the American Airlines Center downtown Dallas.  This year, it will move to the Allen Event Center on November 12-13, 2010.  There will also be a cattle drive down the streets of Allen!  Tickets are now available to enjoy the rodeo excitement, as well as great shopping and music.  Dierks Bentley will be in concert on the 12th and Montgomery Gentry will perform on the 13th.  To get your tickets or find more information, visit www.texasstampede.org.  Don't forget your boots!
Comments 2
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
Regardless of the reasons used to explain the current mortgage crisis in the United States, the grim reality is that more homeowners are in financial distress than at any other time in the history of residential real estate, according to the Distressed Property Institute.  Hence, real estate Short Sales.  If you're not yet familiar with them, you soon will be.  They are reshaping the way lenders liquidate homes in default.  Historically, these homes would simply be foreclosed upon.  Today, the Short Sale offers a favorable alternative. Nolo's Plain-English Law Dictionary defines a Short Sale as, "a sale of a house in which the proceeds fall short of what the owner still owes on the mortgage."  The lender decides that selling the house at a moderate loss results in less loss and expense...
Comments 6
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
Welcome to Allen, Texas! Our residents enjoy a wholesome community atmosphere with something for everyone. The City boasts an award-winning park system featuring neighborhood and community parks, hike and bike trails, and greenbelts. City facilities include a 27-hole public golf course, a large fitness and aquatic center, a recreation center, youth center and extreme sports park, a senior recreation center and a 54,000 square feet public library.Allen ISD offers a diversified curriculum with 13 elementary schools, three middle schools, a freshman center and a high school. The high school campus (582,000 square feet) features an on-site Collin County Community College campus.Residents have access to excellent medical care with five hospitals in a ten mile radius. A variety of health and ...
Comments 2
By Rene Burchell, Experience Luxury Real Estate Service
(Coldwell Banker Residential Frisco)
WINNER Top 100 rank: 16Population: 84,000 Compare Allen to Top 10 Best PlacesThis town is a 30-minute drive from downtown Dallas, so it's no surprise that many residents work in the big city. When not at the office, they have plenty to do right at home; Allen has a symphony, a ballet, malls, and even its own minor league hockey team. Parents appreciate the top-rated school system and low crime rate. Their children appreciate MTV-featured "The Edge" -- one of the largest outdoor skate parks in the nation. --J.S. http://money.cnn.com/magazines/moneymag/bplive/2010/snapshots/PL4801924.html  
Comments 0
Allen TX - Market Report - July 2010 The median price of homes sold went up to $236,278 in July from $200,500 in June. The median price of homes for sale went down to $235,000 in July from $249,700 in June. The number of homes sold went down to 84 in July from 117 in June. The number of homes for sale went up to 671 in July from 648 in June. Homes sold were on the market for 58 days compared to homes still for sale that have been on the market for 85 days. There are about 6.2 months of inventory currently for sale. If you would like to buy or sell a home in this area, please contact me. I would be glad to work with you! Click here to view Allen Listings   If you would like to view the slide show in a larger format, you can do the following: 1. Click Menu, then click View Fullscreen (in ...
Comments 0
Allen TX - Market Report - June 2010 The median price of homes sold went up to $200,500 in June from $195,500 in May. The median price of homes for sale was $249,700 in June compared to $249,900 in May. The number of homes sold went down to 117 in June from 136 in May. The number of homes for sale went up to 648 in June compared to 607 in May. Homes sold were on the market for 55 days compared to homes still for sale that have been on the market for 81 days. There are about 5.8 months of inventory currently for sale. If you would like to buy or sell a home in this area, please contact me. I would be glad to work with you! Click here to view Allen Listings   If you would like to view the slide show in a larger format, you can do the following: 1. Click Menu, then click View Fullscreen (i...
Comments 2
By Brent Wells, Real Estate Broker serving all of North DFW
(The LivingWell Team)
Allen’s Insightful Buyers Guide Allen, TX ($150K-$175K)   We continue our peek into the Allen real estate market with our Insightful Buyers Guide for Allen, TX.  As of today, July 10, 2010, there are currently 51 homes for sale in Allen, TX in the $150-$175K price range.  According to MLS data, homes in this price range have the following features: · Homes range in size from 1499 to 2730 square feet · Average house has 3 bedrooms and 2 baths · Average square feet is 1991 · Average listing price is $165,240 · Homes were built between 1973-2009 · The average price per square foot is $82 · Average Days on Market is 64 · Most homes have a 2 car garage. · About 12% of homes (6 out of 51) feature a swimming pool   In this price range, buyers can find their ideal home in the following neighbo...
Comments 0
By Heather Anderson, Real Estate Concierges
(214-317-1964- www.REConcierges.com)
Mortgage Pre-Approval: Your Most Important Phone Call   Purchasing your first home (or second or third) is an exciting decision.  But, before you jump the gun, be sure to make a phone call to one of the most important allies during the home buying process: your mortgage loan officer. During this phone call or office visit, the loan officer will pre-qualify you for a home loan.    There are two different initial processes with a loan officer: pre qualify and pre approval.  To be pre-qualified, you are providing basic, overview information on your current situation, credit, income,etc.  To be pre-approved you will submit documentation showing your assets.It is important to contact a mortgage loan officer first so you know what you will qualify for in terms of a home loan.  This gives you...
Comments 0
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
Detailed Market Analysis data for Allen, Texas: The Allen, Texas market is still very stable. Year-over-year statistics reflect modest gains in almost every key factor. I believe June-over-June is down because of the impact of the Federal Tax Credit that moved sales into the earlier months of the year.  This marked decrease is the rebound effect. Source:  CCAR and NTREIS  
Comments 0
By Brent Wells, Real Estate Broker serving all of North DFW
(The LivingWell Team)
  Allen’s Insightful Buyers Guide Allen, TX ($125K-$150K) Today we continue our Insightful Buyers Guide for Allen, TX.  This is one of the most in demand price ranges in Allen.  As of today July 9th, 2010 there are currently 38 homes for sale in Allen, TX in the $125-$150K price range.  Buyers can find their ideal home in this price range in the following neighborhoods: · Cottonwood Bend North · Greengate · Timber Bend · Fountain Park · Glen Hollow · Park Place Townhomes · Collin Square · Chateaux of Allen Townhomes · High Meadows · Country Meadow   In this price range we start to see a variety in the age and style of homes offered for sale.  Neighborhoods like Greengate, Fountain Park, and Country Meadow will offer buyers homes with mature landscaping on nice size lots.  In this price ...
Comments 2
Allen, Texas is located in Collin County in the great state of Texas.Allen homes began back in the 1800's by the Comanche and Caddo Indians as Tee-Pees.  Fast forward to the 1960's and the population exploded and helped a slow growth of Allen home building to occur.It wasn't until the late 1970's that you could see all over the city, "Allen homes for sale!"  This was a good sign of things to come but the residents, mostly farmers, had no idea what was to come.Way before the Frisco Homes Rush and after the Plano Homes Rush in the mid-1970's, the closest city for new development was traveling East was Allen.  New Home Builders started coming in by the truck loads.  Many developers at that time were selling actual developments instead of giving an option of a take-down schedule.Life was g...
Comments 0
By Tom Branch, Broker, CDPE, SFR, ACRE, Plano TX Ambassador
(RE/MAX Dallas Suburbs)
Market Information for Allen, Texas for the period ending June 30, 2010 While the total number of year-over-year sales and volume are up, the median price is down about $1750.  Listings under $300k are selling in about 90 days, $500k in 180 days, $750k in 270 days and $1m+ is 540 days.  I would attribute the reduction in days on market for listings under $300k to the Federal Tax Credit. It will be interesting to see what happens in the third quarter. Source:  NTREIS  
Comments 1
By Brent Wells, Real Estate Broker serving all of North DFW
(The LivingWell Team)
  Summerfield in Allen Texas Summerfield is a truly a beautiful community, it has wide streets and green spaces with water and a beautiful community pool.  Summerfield consists of 390 homes and has a beautiful variety of designs and landscaping.   These homes range in square footage from 1,800 - 4,200 square feet.  Summerfield Market Report Homes sold in 2009: 20 Average Sales Price in 2009:  $268,467.00 Homes Sold in 2010: 9 Average Sales Price in 2010: $265,711.00 Here is a list of homes currently for sale in Summerfield, its always updated so feel free to book mark the link.  If you are thinking about buying or selling a home in Summerfield, doesn't it make sense to hire the team that knows Summerfield the best? Call or email us today with your questions and put us to work for you! B...
Comments 2
By Michael "Bear" Barry
(ClearSpring Loan Services / Halo Portfolio Advisors)
Freeze your Credit Report at least. Several people have asked me "what is a credit report freeze?", "Is this better than a Fraud Alert?" and "should I freeze my credit report?".  I will break it down to make it easier for you to decide.   What is a Credit Report Freeze? A credit freeze is a way to lock down your credit report to make it very difficult for an identity thief to open an account or get a loan in your name.  Sounds great right, but remember it not only prevents an identity thief from opening a new account, it also prevents YOU from obtaining new credit.  That's right, when your credit report is frozen, new lenders, new creditors, insurers, potential employers, and even you will not be able to access your credit file.  Now that's frozen! Don't worry, you can have the freeze ...
Comments 2
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
In May 2010, Allen TX sold 136 homes for $30,652,368. These includes single-family homes, townhomes and duplexes in the City of Allen TX. January 2010 = 60 Allen TX homes sold February 2010 = 75 Allen TX homes sold March 2010 = 105 Allen TX homes sold April 2010 = 151 Allen TX homes sold May 2010 = 136 Allen TX homes sold for $30,652,368   When compared to the same time last year (2009), Allen TX sold 102 homes. The May 2010 sales figures are UP 25% from the previous year. The significant positive increase in the Allen TX housing is definitely as a result of the First Time and Repeat Buyer home tax credits. The lowest priced home sold for $67,250 in Allen TX 75002. This was an older home - built in 1971 with 3-bedrooms, 2 bathrooms and just over 1,100 square feet. It took 12 days to sel...
Comments 2
By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
In April 2010, Allen TX sold 129 homes for $30,315,845. These includes single-family homes, townhomes and duplexes in the City of Allen TX. January 2010 = 60 Allen TX homes sold February 2010 = 75 Allen TX homes sold March 2010 = 105 Allen TX homes sold April 2010 = 129 Allen TX homes sold   When compared to the same time last year (2009), Allen TX sold 108 homes. It is UP 16.3% from the previous year. The lowest priced home sold for $84,000 in Allen TX 75002. This was an older home - built in 1959 with 3-bedrooms, 1 1/2 bathrooms and just over 1,000 square feet. It took 275 days (just over 9 months) to sell. The highest priced home was sold in Shaddock Park for $667,000 - a custom Dress home on 1/2 acre, a Porte-cochere with 4-car garage & workshop. The kitchen is a chef's delight with...
Comments 4
Allen TX - Market Report - April 2010 The median price of homes sold went down from $203,250 in March to $188,900 in April. The number of homes sold went up from 104 in March to 120 in April. The number of homes for sale went up from 638 in March to 672 in April.  Homes sold were on the market for 57 days compared to homes still for sale that have been on the market for 74 days. There are about 3.8 months of inventory currently for sale. Click here to view last month's market report If you would like to buy or sell a home in this area, please contact me. I would be glad to work with you! Click here to view Allen Listings   If you would like to view the slide show in a larger format, you can do the following: 1. Click Menu, then click View Fullscreen (in the left corner). 2. OR, click V...
Comments 0