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Plano Blog

Plano Blog
Being Resident and Realtor of West Plano, TX for 15 years, this is a bird's eye view of current Real Estate market conditions and analysis of a close in location of Dallas that has yet to explode.

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New Listings 75093
2008-05-12 19:57:00
New Listings Every Monday -5-12 37 New Listings for your review in 75093. Only been on the market for 7 days or less. 135K to 1.5M, includes all single family residences including condos. Neighborhoods include: Hills at Prestonwood, Lakeside on Preston, Willow Bend Polo, Gleneagles, Enclave of Willow Bend just to name a few. [where:75093, New Listings]

Open Houses for Sunday
2008-05-10 22:25:00
Open Houses for Sunday Happy Mother's Day! For some reason there were only 2 Open Houses in 75093. So, I expanded the list to include Frisco, 75034. Mom's must be entertaining at home. 7 properties for your review in a handy PDF file. If you are interested in the Park Cities and Vicinities, there are 22 open houses here. Just in case Mom wants to go for a drive. Enjoy! [where:75093, 75034, 75205,75225, open houses]
More About: Open

Friday's Foreclosures in West Plano
2008-05-09 15:26:00
Foreclosures in 75093,75024,75025 It's Friday and that means foreclosures, I'll be glad when there aren't so many. List this week is for 75093,75024,75025. 27 properties for your review in some great neighborhoods. One thing about foreclosures is you need to know the real value of a home. Many lenders still have properties priced too high. Others have come down in order to sell. You should be buying a foreclosures at 20%-30% off market value. Many new homes were targeted by lenders and others because you could bump the appraisal value up, that is all over the country and that's why there are a lot of foreclosures in Kings Ridge. Enjoy the great weather and Happy Mothers Day! [where:75093, 75024,75025, West Plano , foreclosures]
More About: Foreclosures

Real Estate Update and Plano Numbers
2008-05-08 19:01:00
April Real Estate Stats for Plano Big numbers for April came out today from NTREIS (North Texas Real Estate Information System) that's the official name for the MLS. The big picture is Dallas sales were down 11% from last year, dollar volume down 12% and pending sales down 26%. Not so tragic, compared to past 4 month but the pending sales are the future sales that are in escrow to close, so you can figure that May is going to be off too. Let's look at Plano - much better shape...Area 20 is Plano. What's important to look at: Dollar Volume up 3% over last year, Average Price up 18% and Median Price up 12%. Even though sales were down 12% - the value of real estate has increased in the eyes of the buyer! This supports the theory as real estate has increased south of LBJ for the last 4 years, appreciation will continue North as your dollar will buy more house in Plano, plus Plano ISD is a major attraction. This is happening in a down market! Pending sales are...
More About: Update , Numbers

Learn about Money at FHA Mortgage Center
2008-05-08 02:56:00
Check out FHA Home Loan Now Real estate is one process and finding the money is another. One thing I do on this site is provide educational information about real estate and the processes to help you with the complicated decisions that are involved. If you're not familiar with FHA homes loans you can find out here. This is another alternative for conventional loans and they have recently raised the loan limits and it's good for first time home buyers. (they have money to lend) Refinancing is available too. The link is always on the right hand sidebar of this site. [where:75093, Plano, FHA, Mortgage s]
More About: Money , Center , Learn

How's the Market in Plano?
2008-05-07 15:13:00
Inventory, New Listings and Days on Market Stats come out on the the 8th of each month for the previous month. That's tomorrow - but let's look at these charts today to get a bearing on what's happened in the last year. So here's some Altos charts regarding the market in Plano for single family homes and all zip codes from an historical point of view. You can see from this chart when the market started changing - last Sept. but you have to take into consideration that's typically when the market slows down too. Inventory is around 400 units off from last June, that's substantial. Even when the selection of homes is lower it does make pristine homes more valuable, even in a buyers market. New listings are down more than 50% - so if your targeting a certain neighborhood your choices could be limited. This is good for every seller, less competition... It's going to take about a month longer to sell your home from last year. In this market ...

Buying Online
2008-05-06 17:28:00
Buying Online is Efficient and Private It's becoming more the norm that people are buying homes online. Here's a note from a seller we just received: Dear Mr. Smith, "Thank you for bringing me a very good buyer. Hope we have the chance to work again in the near future." Thanks Shelia This particular buyer bought in two weeks! Now that's unusually fast but it does happen. Most online buyers are either immediate or 3-6 months out. Usually buyers search for homes, call or email from Plano Homes and Land. There are many ways to start your hunt. Some buyers will ask to see properties that they have selected. Sometimes we set up a separate search from the MLS to specially target needs. With the MLS TAX mapping capabilities we can edit out bad locations without even going to see the properties, see more in photo above - you can also get the Solds and Pendings on the Microsoft Virtual Earth. Then take a google street view for a close in look. When bu...
More About: Buying

New Listings 75093
2008-05-05 18:24:00
New Listings 75093 Lots of good eye candy this week. These listings are the freshest in West Plano, from the last 7 days. There are 25 brand new properties, prices are from 159.9K to 5.4 Mil. Most are in the community of Willow Bend. Here's the list. Subdivisions include: Willow Bend Country, Creeks of Willow Bend, Willow Bend Lakes, King Court of Willow Bend, Lakeside on Preston, Willow Bend North, Shepards Glen, Parkbrooke and more... [where:75093, Plano, New Listings]

What's Your Walk Score?
2008-05-05 08:00:00
Forget about the car and just walk... With gas prices here to stay wouldn't it be nice not to have to drive! So here's a new tech tool that rates how walkable your neighborhood is. Dallas is a lot like LA, it's very spread out, so NO car is really NOT an option. But if you live at The Shops at Legacy and work at EDS, you really don't need a car. Take a look at walk score, it's fun, not always right but gives you an idea of what the available amenities and life styles are offered in any U.S. neighborhood. Something else to bookmark. Shops at Legacy is the starting point on this walk score. var ws_address = "5800 Legacy Drive Plano, TX 75024"; var ws_width = "450"; [where:75093, Plano, Shops at Legacy]
More About: Score , Walk

What You'll See in Plano
2008-05-04 22:28:00
Horses, Highways, Houses and Shiny New Buildings If you wonder what Plano is like, here's a typical site in West Plano. Still open land, this is at Corporate and the tollway on JCPenney property. Beautiful horses and their foals, about 25 horses and 10 babies, I think we kind of take this for granted. In the distance is the Dallas North Tollway and Shops of Legacy - a stones throw away. Just so you know there are lots of SUV's and pick up trucks too but most the cowboys are in Ft. Worth. [where:75093, Plano, Shops at Legacy]

Open Houses for Sunday
2008-05-03 20:09:00
Open Houses Sunday - 75093 Here's the Customer Open House list for Sunday May 4th. 14 properties in West Plano include the subdivisions of: Windhaven, Hills at Prestonwood, Preston Ridge, Willow Bend Estates, Willow Bend Lakes, Creeks of Willow Bend, Lakeside on Preston and the gated Cliffs of Gleneagles. Times and locations are available with a photo, brief description and stats about each property. All info is deemed reliable but not guaranteed. Enjoy the nice cool weather and your open house tour! [where:75093, Open Houses]
More About: Open

Friday Foreclosures
2008-05-02 09:06:00
Foreclosures in West Plano Friday again! And Fridays are for Foreclosures. List for this week is West Plano Zip Codes 75093 and 75024. This report has the cumulative days on market - you can see there are new ones as well as properties that have been on the market - a long time. Like 387 days... You can base your offer on this info but be sure to check the house out thoroughly - it's probably going to need a lot of work. There are 24 properties in this PDF file and neighborhoods include: Willow Bend, Shops at Legacy, Hills at Prestonwood, Cypress Creek, King Ridge, Indian Creek, Shoal Creek and more... DallasHomesCenter has lists on Fridays as well for various zip codes inside the loop. And due to the market and the amount of foreclosures watch for luxury neighborhoods in Frisco to be available in the near future. Have a great weekend and remember all info is deemed reliable but not guaranteed. [where:75093, 75024, Foreclosures]
More About: Foreclosures

ATTN: Seller's Charge Your Broker for the Listing
2008-05-01 19:22:00
The Truth about Home Searches and Real Estate Online Got your attention...read on... Let me ask you a question? When you go look for real estate online - where do you go? Might be Realtor.com. Zillow, Trulia, Remax or many other brokers site. The truth is if you are looking at a national site nobody has all the listings, except the brokers who are actually licensed to buy and sell real estate. Even then you are probably going to get their listings first, before you see other brokers listings. Might be wrong on that but just a hunch. Now I love all the new web 2.0 technology, like demographic info, mapping, Zestimates etc. What I'm talking about is just really being able to get the best and most information about a property with the fewest clicks. For example, Trulia only has one photo then you are redirected to the broker or agent site. But the community info, street views and walk the neighborhood are awesome. Realtor.com used to be the only game in town, even th...
More About: Charge , Listing , Broker

Plano May Flowers
2008-04-30 21:20:00
May Flowers Photo by: SKWomack All the rain is giving us an awesome spring, despite the rough weather. Photo by: SKWomack [where:75093, Plano , May flowers]

Plano ISD Bond Election and What it Will Cost You
2008-04-29 16:53:00
How Much Will Plano ISD Bond Program Cost ? Texas has some of the highest property taxes in the nation mainly because we have no state or city income tax. So big brother collects it in property taxes, you pay either way.... Last year the Texas Legislature lowered our property taxes considerably. In Plano rates went for 2.25% to 2.06%, that's a nice chuck of change for everyone. Most of you know that a large portion of your taxes go toward schools. If you read between the lines last year, when taxes were lowered all school districts were going to hold bond elections to make up for the difference. Plano ISD Bond Package So without fail came the Plano Proud bulletin to ask district voters to consider a $490 million bond proposal on May 10th. See the complete package here. How it Affects Plano Real Estate Taxes Will it raise my property taxes? How Much? Yes, it will raise your property taxes, according to the brochure no more than eight cents over the life of the bonds. Sou...
More About: Election

Coming Home and New Listings
2008-04-28 08:00:00
Coming Home and New Listings Photo by SKWomack Last week I was out of town and my sister took this photo on the way back home. Clear blue skies above all the nasty weather Texans have had this month. It's always a good feeling to come home, especially when your back is sore from not being in a familiar bed. Looking out the window there's a certain peace knowing you're going home. Of course, Southwest is like home too because of their service, seems like everyone is always happy! That's a good thing and so is the $39. online fare. So whether your coming back to your old diggs or looking for a new place to call home, here are the new listings for 75093. There are 26 brand new listings hot off the MLS in a favorite neighborhood near you. Check it out here. New listings are posted for various Plano zip codes on Mondays so check back often for up to date real estate info and data. [where:75093, new listings]

Open Houses for Sunday
2008-04-26 17:58:00
Open Houses in 75093 - 4-27 Open houses for this week are in Hills at Prestonwood, Creeks of Willow Bend, Meadows of Willow Bend, Willow Bend West, Willow Bend Estates, Glenhollow Estates and Windhaven. Times and location are available from the link with a brief description and photo. All these properties are in excellent locations. Enjoy the tour! [where:75093, open houses]
More About: Open , Sunday

The Perfect Amaryllis
2008-04-26 08:33:00
Here's an Amaryllis that started out as 1 bulb, if the ground doesn't freeze in winter it can stay in the ground and the bulb multiplies - this one is two years old, must like it's home...it's had a lot of babies. Pretty picture for Saturday.
More About: Perfect

Friday's Foreclosures - 75023 and 75025
2008-04-25 09:00:00
Foreclosures in Plano - 75023 and 75025 This week went fast..this weeks foreclosure list is for zip codes - 75025 and 75023. Subdivisions include: Independence Village Chase Oaks Village Cross Creek Estates of Forest Creek Whiffletree Ridgeview Ranch Many foreclosures are sold AS-IS, what this means is no repairs will be made to the property, make sure you include this into your budget and have an inspection to reveal other issues that could effect your purchase price. [where:75025,75023, foreclosures]
More About: Foreclosures

1st Quarter Real Estate Results for Plano
2008-04-22 22:50:00
More Plano Data Needless to say we get a lot of blast emails on real estate marketing and truth be known I don't open that many, sound familiar? Anyway, a couple days ago I received a great report on 1st quarter results for all of North Texas from Shannon at Chicago Title. Thanks, Shannon. Despite the double digit sale decreases all over the metro area, Plano stands out as one of the communities that is doing better than the rest. Take a look. Sales are down 11% and average sales price down just $4K, Days on market is reasonable (under 100 days) for $300K and under and that's what is selling in Plano. Not unusual to only see good properties on the market less than 7 days. Congrats to those sellers! As you can see the inventory is lower or not that much greater than last year except for over $750K. With the inventories tighter seller's will see properties move quicker in prime locations. I'm posting a lot of data lately because that's what our clien...
More About: Estate , Real Estate , Results , Real

New Listings in 75093 - 4-21
2008-04-21 17:21:00
New Real Estate Listings in West Plano Every week Plano Homes and Land posts brand new listings for the past 7 days. There a 22 new properties this week in 75093. Prices are from $169.5K to over 1 million. Neighborhoods include: Preston Ridge, Hills at Prestonwood, Glenhollow Estates, Glen Meadows, Stone Lake Estates, Parkbrooke, Castlemere, Windhaven, Lakeside on Preston and Willow Bend Polo. [where: 75093, plano, new listings]

Open Houses for Sunday Plano, TX 75093
2008-04-20 03:47:00
Open Houses for Sunday 4-20 Excuse me, I'm a little late in posting the open houses for Sunday. I usually post early Sat. morning but it was a busy real estate day today! So without further delay here's the open house customer report for 75093. Info is deemed reliable but not guaranteed and if the weather is as pretty Sunday as it was today - it's perfect to start the hunt! Enjoy. [where: 75093, plano, open houses]
More About: Open , Plano

Dallas Real Estate Monthly Indicators
2008-04-19 01:30:00
Latest Real Estate Activity Belonging to the Collin County Association of Realtors does have its benefits. Each month around the 18th we receive info on month and year to date activity for each Dallas Area. The side bar on the right has just been updated with the latest reports for areas we cover under Monthly Real Estate Indicators. Links are a PDF file. Reports include: closed sales, new listings, days on market and an RE overview. Good Stuff! If you're buying or selling this will give you an excellent place to start for market data. [where: 75093, plano, dallas, real estate data]

Friday Foreclosures
2008-04-18 08:00:00
Foreclosures in 75093 and 75024 There are 22 properties to review this week. Neighborhoods include: Kings Ridge Stone Lake Estates Indian Creek Windhaven Cypress Creek Shoal Creek Greens of Gleneagles I post this list each week to hopefully help out the banks and lenders with properties they don't know what to do with. With that being said, In this market foreclosures are frightening, it's difficult to make a deal and takes a long time. Always have a pre approval letter and know your comps, some are over priced - institutions trying to get more money than what the market will bear. (no pun intended) There is one property I've been watching on the Gleneagles golf course that's taken quite a price reduction and is close to being priced right... to be a good investment. As always, info deemed reliable but not guaranteed. [where: 75093,75024,foreclosures]
More About: Foreclosures , Friday

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