AVERAGE LIST TO SALE RATIO - MAY 2013
| ||||||||
Plano is First City to go over 100% Ratio
| ||||||||
CITY
|
LIST TO SALE
|
LIST PRICE
|
SALES PRICE
| |||||
ALLEN
|
98.20%
|
$276,986
|
$272,120
| |||||
CARROLLTON/FB
|
97.90%
|
$205,886
|
$201,460
| |||||
COLLEYVILLE
|
97.50%
|
$499,472
|
$486,743
| |||||
COPPELL
|
98.30%
|
$351,840
|
$345,917
| |||||
FAR NORTH DALLAS
|
96.80%
|
$317,647
|
$307,353
| |||||
FLOWER/LVILLE
|
98.00%
|
$259,243
|
$254,027
| |||||
FRISCO
|
97.30%
|
$336,449
|
$327,312
| |||||
GRAPEVINE
|
98.30%
|
$262,787
|
$258,273
| |||||
IRVING
|
97.50%
|
$238,633
|
$232,701
| |||||
KELLER
|
97.50%
|
$362,125
|
$353,187
| |||||
McKINNEY
|
98.10%
|
$253,755
|
$248,823
| |||||
PLANO
|
104.50%
|
$301,300
|
$315,097
| |||||
PROSPER
|
96.60%
|
$349,100
|
$337,328
| |||||
RICHARDSON
|
98.80%
|
$194,860
|
$192,250
| |||||
SOUTHLAKE
|
96.90%
|
$623,325
|
$603,996
| |||||
THE COLONY
|
98.80%
|
$178,212
|
$176,098
| |||||
TROPHY CLUB/WLAKE
|
92.70%
|
$467,365
|
$433,150
| |||||
| - NTREIS Stats – May 2013 as of June 2, 2013 | ||||||||
Monday, June 3, 2013
Friday, May 31, 2013
Home Prices Jump 9.3% Nationally in One Year
Just the Facts
Sometimes you just have to be politically incorrect.
Home Prices Jump 9.3% Nationally in One Year
Home prices are rising at the fastest rate in years, with some communities seeing double-digit gains, as buyers are returning to a market where the number of properties for sale is in short supply. Prices increased 9.3% in February from a year earlier. In some of the hardest hit markets, the gains have been particularly heady. Home prices rose 23% from one year ago in Phoenix and 18.9% in San Francisco. Nationally, the median home price in March stood at $184,300, up from $154,600 in January 2012.
- Wall Street Journal, May 1, 2013
Dallas Business Journal Names 3 Best New Communities
The annual DBJ review of best new neighborhoods announced are significant because each of them are large master-planned communities.
· Light Farms in Celina, 2,700 new homes, lots open in May. Eventually 8,300 people will call Light Farms their home.
· Windsong Ranch in Prosper, 3,100 new homes, first phase opening in 2014. Some 9,500 people will call Windsong Ranch their home. The development includes 3 school sites, 4 amenity centers and a 150-acre mixed use commercial development.
· Harvest in Argyle and Northlake, 3,000 new homes, eventually 9,000 residents. The first phase opens later this year. It is located in Northlake and Argyle ISDs.
- Dallas Business Journal, April 26, 2013
America’s Highest Earning Cities
Survey of 562 cities, population over 50,000
Congratulations to Flower Mound, Frisco and Allen
There are 16 cities in the United State with populations over 50,000 where more than 50% of the households in the city earn more than $100,000 per year. California and Texas dominate this list of high-earners. Most of these cities are well-to-do suburbs of large metro areas, including Dallas-Ft Worth, San Francisco, Atlanta and Chicago.
Rank
|
City/CDP
|
Larger metro area
|
Percentage of households making over $100,000
|
Percentage of households making less than $100,000
|
Percentage of households making $100,000 to $149,999
|
Percentage of households making $150,000 to $199,999
|
Percentage of households making $200,000 or more
|
1
|
San Ramon, California
|
San Francisco
|
63.50%
|
36.50%
|
22.10%
|
16.40%
|
25.00%
|
2
|
Flower Mound, Texas
|
Dallas-Fort Worth
|
62.80%
|
37.10%
|
28.30%
|
15.90%
|
18.60%
|
3
|
Pleasanton, California
|
San Francisco
|
59.80%
|
40.00%
|
22.80%
|
14.70%
|
22.30%
|
4
|
Yorba Linda, California
|
Los Angeles
|
58.80%
|
41.20%
|
23.50%
|
16.70%
|
18.60%
|
5
|
Carmel, Indiana
|
Indianapolis
|
58.40%
|
41.60%
|
20.90%
|
14.30%
|
23.20%
|
6
|
Palo Alto, California
|
San Francisco
|
57.80%
|
42.10%
|
17.70%
|
11.90%
|
28.20%
|
7
|
Newton, Massachusetts
|
Boston
|
55.40%
|
44.60%
|
18.00%
|
11.70%
|
25.70%
|
8
|
Naperville, Illinois
|
Chicago
|
54.80%
|
45.10%
|
18.50%
|
13.50%
|
22.80%
|
9
|
Frisco, Texas
|
Dallas-Fort Worth
|
53.70%
|
46.30%
|
25.70%
|
14.70%
|
13.30%
|
10
|
The Woodlands CDP, Texas
|
Houston
|
53.40%
|
46.70%
|
24.70%
|
13.40%
|
15.30%
|
11
|
Johns Creek, Georgia
|
Atlanta
|
52.10%
|
48.00%
|
21.20%
|
10.40%
|
20.50%
|
12
|
Ellicott City CDP, Maryland
|
Baltimore
|
51.70%
|
48.30%
|
16.80%
|
16.40%
|
18.50%
|
13
|
Allen, Texas
|
Dallas-Fort Worth
|
51.20%
|
48.90%
|
24.50%
|
16.10%
|
10.60%
|
14
|
Lake Forest, California
|
Los Angeles
|
50.70%
|
49.30%
|
26.70%
|
13.70%
|
10.30%
|
15
|
Highlands Ranch CDP, Colorado
|
Denver
|
50.50%
|
49.40%
|
25.60%
|
12.70%
|
12.20%
|
16
|
Arlington CDP, Virginia
|
Washington, DC
|
50.30%
|
49.80%
|
18.10%
|
12.90%
|
19.30%
|
Data was obtained from the U.S. Census. 562 cities were included in this analysis.
- NerdWallet, April 29, 2013
Thursday, May 30, 2013
Supply of Homes Catching Up With Sales?
Supply of Homes Catching Up With Sales?
In 21 of the 24 major metropolitan markets tracked by residential brokerage ZipRealty, new listings outnumbered new sales contracts for the 30 days ending March 15th. Significant number of sellers are now putting their home on the market, mainly because of increased value and their desire to make a change. But in some markets, increased listings are only bringing increased buyers, which is certainly what is happening in the Dallas area. For the first time in months, NTREIS reports there are more listings between April 1, 2013 thru April 25, 2013 than for the same time period last year. In 2013 for the 25 day period, 14,916 homes were listed. For the same period last year, 13,978 new listings, meaning an almost 1,000 home increase. However, the northern suburbs of Dallas and Ft Worth are experiencing even more buyers with more listings. There is no end in sight of the boom in buyers.
- USA Today, April 2013 (excerpt)
2013 RISMedia Power Broker Report
The 100 Brokerages With The Most Productive Agents
The 2013 Survey of the Largest U.S. Brokerages
Wednesday, May 29, 2013
AVERAGE PRICE PER SQUARE FOOT – DFW METROPLEX IST QUARTER 2013
Just the Facts
AVERAGE PRICE PER SQUARE FOOT – DFW METROPLEX
| |||||||||
IST QUARTER 2013
| |||||||||
$310
|
Park Cities
|
$87
|
Richardson
| ||||||
$249
|
Oak Lawn
|
$86
|
Bedford
| ||||||
$202
|
Preston Hollow
|
$86
|
Euless
| ||||||
$146
|
Southlake
|
$84
|
Rockwall
| ||||||
$132
|
East Dallas
|
$83
|
Denton Area
| ||||||
$128
|
Westlake/Trophy Club
|
$80
|
North Oak Cliff
| ||||||
$127
|
Colleyville
|
$78
|
Hurst
| ||||||
$122
|
Coppell
|
$75
|
Wylie
| ||||||
$120
|
Northwest Dallas
|
$74
|
The Colony
| ||||||
$118
|
Far North Dallas
|
$74
|
Ellis County
| ||||||
$117
|
Lake Highlands
|
$73
|
Sachse/Rowlett
| ||||||
$112
|
Fairview
|
$67
|
Arlington
| ||||||
$111
|
Grapevine
|
$66
|
Kaufman County
| ||||||
$105
|
Keller
|
$65
|
Garland
| ||||||
$100
|
Frisco
|
$59
|
Cedar Hill
| ||||||
$98
|
Plano
|
$58
|
Grand Prairie
| ||||||
$97
|
Sunnyvale
|
$56
|
Duncanville
| ||||||
$95
|
Flower Mound/Lewisville
|
$54
|
De Soto
| ||||||
$95
|
Irving
|
$52
|
Mesquite
| ||||||
$94
|
Allen
|
$44
|
Lancaster
| ||||||
$91
|
Carrollton
|
$41
|
South Oak Cliff
| ||||||
$91
|
McKinney
|
$40
|
Pleasant Grove
| ||||||
Source, Dallas Morning News, April 2013
| |||||||||
-----------------------------
U.S. Housing Starts - Back Over One Million in March 2013
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