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Answers (10)
- Candace Evans, "Bonbon7"
- Contributions:1
Pretty good! Read my blog, www.candysdirt.com, the only local real estate blog in Dallas and I will keep you well informed. Also feel free to email me with any questions:Candace@secondshelters.com or Candace@CandysDirt.com. I am a real estate journalist focusing on Dallas and the North Texas area. I've covered this beat for 10 years. Some of our neighborhoods are very hot, particularly in the "Loop" south of LBJ/635. This is where you will find the pricier but closer in props. The father out you get, lower the prices and more for your money. But many older Dallas 'hoods are experiencing infill. The Dallas Independent School District also has it's challenges, but again, depends on the neighborhood. McKinney --- I just posted today about a Judge indicted and found guilty of bribery, interesting stuff happening everywhere!
- Amanda Thomas, "amandathomas"
- Contributions:177
Hi Denise,
You'll find that McKinney, Allen, Plano, and Frisco are all GREAT areas with many choices in schools, housing, and amenities. Depending on what you are accustomed to now, school size and city population may help you determine the right fit to start your search.
Also consider what amenities you might enjoy for your family. Are you looking for a gated community or master-planned subdivision? Are you looking for new(er) construction? Price range will help narrow down which communities would be the right areas to target based on the amenities you are seeking.
Prosper, Fairview, Richardson, Wylie and Rowlett may help broaden your range, providing your commute is practical.
How did you decide on McKinney or Allen to start with?
You'll find that McKinney, Allen, Plano, and Frisco are all GREAT areas with many choices in schools, housing, and amenities. Depending on what you are accustomed to now, school size and city population may help you determine the right fit to start your search.
Also consider what amenities you might enjoy for your family. Are you looking for a gated community or master-planned subdivision? Are you looking for new(er) construction? Price range will help narrow down which communities would be the right areas to target based on the amenities you are seeking.
Prosper, Fairview, Richardson, Wylie and Rowlett may help broaden your range, providing your commute is practical.
How did you decide on McKinney or Allen to start with?
- Denise Carroll, "denise1232"
- Contributions:3
My family and I are looking to move to McKinney or Allen Texas. We have a 3 and 4 year old. We need to live in a good school system. Can you recommend a nice subdivision in these areas? What other areas should we be considering? I have heard Plano and Frisco is also nice.
Thank you,
Thank you,
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
What kind of data are you looking for? The Dallas/Fort Worth metroplex is 3500 square miles. Many people say they live in Dallas when they actually are in a suburb of it. We do a ton of driving here.
I totally agree with Wayne, the data Barbara Corcoran referred to is absolute BS. The average sales price in DFW is 175K. No wonder we get calls from out of state investors wanting to buy a 4 bedrooms, brand new, fully loaded and want to pay 100K or less. That is not going to happen.
Let me know what you're looking for and I'll try to help.
Naima
I totally agree with Wayne, the data Barbara Corcoran referred to is absolute BS. The average sales price in DFW is 175K. No wonder we get calls from out of state investors wanting to buy a 4 bedrooms, brand new, fully loaded and want to pay 100K or less. That is not going to happen.
Let me know what you're looking for and I'll try to help.
Naima
- Brent Mayes, "Brent Mayes"
- Contributions:16
Texas is a "non-disclosure" state on sold price. In your position I wouldn't put a great amount of trust in the sold price you are seeing. Do research and find a solid agent in Dallas. They should be able to give you better info.
- SteadyState
- Contributions:787
hpvac -
Thanks for the heads up. Yes - 43 is really low. Perhaps an agent from Dallas can fill us in on better if not exact data.
Thanks for the heads up. Yes - 43 is really low. Perhaps an agent from Dallas can fill us in on better if not exact data.
- hpvanc
- Contributions:2579
SteadyState,
I'm pretty sure Zillow has bad data for Dallas. 43 recently solds in a city of over a million does not pass the reasonableness test even in the worst of markets. TX is a non-disclosure state on price, I'm not sure how much that has to do with the bad data, or whether they are not timely in recording the transactions so that it can get picked up in datafeeds.
I'm pretty sure Zillow has bad data for Dallas. 43 recently solds in a city of over a million does not pass the reasonableness test even in the worst of markets. TX is a non-disclosure state on price, I'm not sure how much that has to do with the bad data, or whether they are not timely in recording the transactions so that it can get picked up in datafeeds.
- SteadyState
- Contributions:787
The market in Dallas is not very good for buyers (All data from Zillow):
M-t-M: down 0.7%
Q-t-Q: down 2.0%
Y-t-Y: down 8.8%
The real issue: recently sold: 43. For Sale: 7278.
Homes Sold per Month = 3.58
Number Of Months of Home Inventory: 2032
WOW!
M-t-M: down 0.7%
Q-t-Q: down 2.0%
Y-t-Y: down 8.8%
The real issue: recently sold: 43. For Sale: 7278.
Homes Sold per Month = 3.58
Number Of Months of Home Inventory: 2032
WOW!
- wayne lancaster, "funds2"
- Contributions:1177
According to the Today shows real estate expert, Barbara Cochran, Dallas average price is $87K ! Almost choked on my bagel this morning listening to obvious "what the.....". Though Dallas probably has more affordable housing than most areas of the country, it obviously averages considerably more than $87K.
Higher price homes are selling well, and over all market is down about 2% from last year. Average time on the market is about 65 days, and well priced listing are selling. Foreclosures are down but still exist in many areas. Selection is probably strongest part of Dallas market, and you get a lot of "bang for your buck" compared to most large metropolitan areas of the country. It goes without mentioning that mortgage financing is very "buyer friendly", and FHA.VA, USDA, conventional (95% LTV - 80-15-5) and attractive Jumbo financing is abundant. Great place to live and employment is strong.
Not perfect but you can fly there from here cheaply!
Higher price homes are selling well, and over all market is down about 2% from last year. Average time on the market is about 65 days, and well priced listing are selling. Foreclosures are down but still exist in many areas. Selection is probably strongest part of Dallas market, and you get a lot of "bang for your buck" compared to most large metropolitan areas of the country. It goes without mentioning that mortgage financing is very "buyer friendly", and FHA.VA, USDA, conventional (95% LTV - 80-15-5) and attractive Jumbo financing is abundant. Great place to live and employment is strong.
Not perfect but you can fly there from here cheaply!
- Bruce Erickson, "B Erickson"
- Contributions:34
Denise it depends on what you are wanting to do; buy, sell, lease or invest.
Buying is great right now with low interest rates, lots to pick from, and affordable prices. If you are qualifies then don't waist time, get into the market and purchase a home.
For Sellers its a tough market. But with so many of the homes being short sales and foreclosures, conditions is a problem. This makes for a great opportunity to have a home priced right in great condition; these usually go fast and at close to full price.
Renters are having a hard problem finding quality properties at an affordable price. The good properties are going fast and most renters are not prepared to do the things they need to do to be ready to move fast and look good to landlords. One thing renters need to keep in mind is that it is now more affordable to buy the same property than to rent it. Getting approved for financing though is the big issue for many.
Lastly it is times like this that real estate investors become millionairess. The opportunities to find positive cash flow homes with built in equity has never been higher. Knowing about potential rents, fix up costs, and all the other issues is very important, so education is key. Financing can be a problem but hard money is becoming more available and with the right deal it can be a real win.
In the next six month this can all change so if there are opportunities in front of you then you should act now. Best of luck in your real estate whether is as a user or as a part of your business. Bruce
Buying is great right now with low interest rates, lots to pick from, and affordable prices. If you are qualifies then don't waist time, get into the market and purchase a home.
For Sellers its a tough market. But with so many of the homes being short sales and foreclosures, conditions is a problem. This makes for a great opportunity to have a home priced right in great condition; these usually go fast and at close to full price.
Renters are having a hard problem finding quality properties at an affordable price. The good properties are going fast and most renters are not prepared to do the things they need to do to be ready to move fast and look good to landlords. One thing renters need to keep in mind is that it is now more affordable to buy the same property than to rent it. Getting approved for financing though is the big issue for many.
Lastly it is times like this that real estate investors become millionairess. The opportunities to find positive cash flow homes with built in equity has never been higher. Knowing about potential rents, fix up costs, and all the other issues is very important, so education is key. Financing can be a problem but hard money is becoming more available and with the right deal it can be a real win.
In the next six month this can all change so if there are opportunities in front of you then you should act now. Best of luck in your real estate whether is as a user or as a part of your business. Bruce
How is the Dallas, Texas real estate market?
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