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Plano BlogPlano BlogBeing 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. Articles
Friday's Foreclosures in Plano
2008-03-07 16:28:00 Foreclosures in 75093 and 75024 Just in time for the good weather that's here. Foreclosures do look better in the sun! This weeks list is for 75093 and 75024 A couple new ones and if you don't know... FHA Loan Limits Increased Yesterday Dallas and Collin County Limits are: One-Family & nbsp; $271,050 Two-Family & nbsp; $347,000 Three-Family ; $419,400 Four-Family $521,250 Remember on FHA...... 3% Down Payment Seller contribution up to 6% This could provide some good incentives to buy, make sure you ask your broker about the program. [where: 75093] More About: Foreclosures , Plano
Yesterday was a Nicer Day
2008-03-06 21:03:00 Shops at Legacy - 4:30 PM yesterday This was yesterday late afternoon at the Shops at Legacy. Taking a blissful stroll down Bishop, all outdoor cafes were set up to dine away. It was a perfect 74º, no wind and very sunny. Flash forward to right now, it's sleet, rain, snow and a bone chilling 32º. That's North Texas weather for ya, hopefully we'll be back to normal next day or two. Be safe coming home, we don't do well in this kind of stuff. [where: 75024] More About: Yesterday
Median Inventory Plano vs Dallas - Current Results
2008-03-05 21:34:00 Inventory of Plano Homes Take a look at the inventory situation from last Sept. Levels have fallen to under 1500 units in Plano. Dallas hovers right around 5250 units. Despite market conditions inventories are lower than normal. Watch for inventories to pick up after taxes are due. [where: 75093] More About: Results , Current , Inventory
Plano Snow
2008-03-04 17:18:00 Does it Snow in Plano ? Every once in a while it does snow in Plano. Last night the forecast was for an Arctic Blast. This is all we got, the streets were way to warm for anything to stick, now it's sunny, cold and 38 degrees - BURRRR! And Yes, we did have school closings, but they opened at 10:00 AM.
Open Houses for Sunday in 75093 -3.2.08
2008-02-29 23:25:00 OPEN HOUSE SCHEDULE Here's this weeks open house list for 75093. This is a MLS list of open houses entered by agents. A photo, basic information and times are included in this PDF file. If you'd like to see other zip codes let me know. These homes are open for this Sunday , 3.2.08. If your tired of winter and ready for Spring- this is an easy way to start your hunt. Like Foreclosures? post below has link for zip codes 75023 and 75075, current on the MLS. More About: Houses , Open
Foreclosures this Week in Plano
2008-02-29 16:45:00 75075 and 75023 Foreclosures Every week we post foreclosures in different Plano zip codes, This week it's 75075 and 75023. This is basic information if you're considering purchasing a foreclosure. Every REO (real estate owned) property has different conditions to buy and it's a difficult process, but if successful you can make a very good investment. You can drive by these properties and see if the location fits your criteria. Foreclosures in Plano zip codes 75075 and 75023 More About: Week
Another Place to Meet at The Shops at Legacy
2008-02-27 22:21:00 Cafe Bakery at The Shops Right at the end of February is when Texans can't stand winter any more. Even if it's not too harsh! Spoiled by warmer weather most of the time. The shot above is Cafe Bakery's outdoor sidewalk cafe. Can't wait! It's also an excellent place to meet and start your real estate search. Over a bite to eat and a great way to see the neighborhood. Of course, there's a Starbucks too in case you need a wireless connection. Will post foreclosures and open houses available for your weekend hunt next couple of days, so check back. More About: Meet , Place , Legacy
Short Sale or Foreclosure - Which One to Buy?
2008-02-26 22:53:00 What's the better deal? Foreclosure or Short Sale ? There certainly isn't a shortage of short sales or foreclosures (no pun intended). But when it gets down to crunching the numbers which one is the best buy? Automatically, you think that you're going to get the buy of the decade. Nothing could be farther from the truth. In this market, I've seen foreclosures and short sales priced as if they're perfect properties and most are far from it. The main difference is a short sale is a pre foreclosure, so property taxes and liens on the title could exist and the bank or lender most certainly will get you to pay. So unless the property is priced correctly for the condition and circumstance, an extra 2%+ is going to add to the bottom line. Shout out of the day! Sometimes it might be better to wait for the property to go into foreclosure. Depends on the situation. And patience can be a virtue, for those who wait.
Short Sale or Foreclosure - Which One to Buy?
2008-02-26 22:53:00 What's the better deal? Foreclosure or Short Sale ? There certainly isn't a shortage of short sales or foreclosures (no pun intended). But when it gets down to crunching the numbers which one is the best buy? Automatically, you think that you're going to get the buy of the decade. Nothing could be farther from the truth. In this market, I've seen foreclosures and short sales priced as if they're perfect properties and most are far from it. The main difference is a short sale is a pre foreclosure, so property taxes and liens on the title could exist and the bank or lender most certainly will get you to pay. So unless the property is priced correctly for the condition and circumstance, an extra 2%+ is going to add to the bottom line. Shout out of the day! Sometimes it might be better to wait for the property to go into foreclosure. Depends on the situation. And patience can be a virtue, for those who wait.
Local Market Update for Plano
2008-02-25 21:33:00 How's the Market ? Well, basically it's a buyer's market. Shopping for houses is fun. No rush, take your time. That's how it is right now but things can change quickly. The only way to know is by keeping up with weekly trends to see where real estate is headed. Take a look at the charts below on inventory and days on market for zip codes, 75093,75024 and 75025. This shows you how inventory has decreased in these zip codes since last April. Typically, the low point was January and now each zip code is showing signs of life. 75093 (black line) is showing the most upward trend. Watch for inventories to increase with spring upon us. There are a lot of not so great properties out there, meaning some if not all need lots of work. The A+ homes will go first. Average days on market has decreased since Dec. All zip codes are leveling out. 75093 and 75024 right around 100 days and 75025 is 80 days. Looks like it will b... More About: Local , Update , Plano
Local Market Update for Plano
2008-02-25 21:33:00 How's the Market ? Well, basically it's a buyer's market. Shopping for houses is fun. No rush, take your time. That's how it is right now but things can change quickly. The only way to know is by keeping up with weekly trends to see where real estate is headed. Take a look at the charts below on inventory and days on market for zip codes, 75093,75024 and 75025. This shows you how inventory has decreased in these zip codes since last April. Typically, the low point was January and now each zip code is showing signs of life. 75093 (black line) is showing the most upward trend. Watch for inventories to increase with spring upon us. There are a lot of not so great properties out there, meaning some if not all need lots of work. The A+ homes will go first. Average days on market has decreased since Dec. All zip codes are leveling out. 75093 and 75024 right around 100 days and 75025 is 80 days. Looks like it will b... More About: Local , Update , Plano
Open Houses on Sunday for 75093
2008-02-23 05:54:00 OPEN HOUSES Ready to start your house hunt? Or know someone that is? Well, here's a head start before you jump in the car and start driving around like a maniac. Maybe save some gas. This open house list is provided weekly to help get a feel for the neighborhoods and preview homes of interest and really just to help get the word out about available Plano real estate in zip code 75093. The list is from the MLS for this Sunday , 2.24.08. I think the weather is suppose to cooperate. Happy Hunting! Here's an open house PDF file for Sunday in 75093 More About: Houses , Open
Open Houses on Sunday for 75093
2008-02-23 05:54:00 OPEN HOUSES Ready to start your house hunt? Or know someone that is? Well, here's a head start before you jump in the car and start driving around like a maniac. Maybe save some gas. This open house list is provided weekly to help get a feel for the neighborhoods and preview homes of interest and really just to help get the word out about available Plano real estate in zip code 75093. The list is from the MLS for this Sunday , 2.24.08. I think the weather is suppose to cooperate. Happy Hunting! Here's an open house PDF file for Sunday in 75093 More About: Houses , Open
Foreclosures for 75093,75024 and 75025 - 2.21.08
2008-02-21 14:55:00 Foreclosure Finds As promised, you'll find updated foreclosures each week here. There are some new ones that have only been on the market for a couple of days. The link is from the MLS and is a customer brief report with photo, basic info, etc. There are a couple in Lakeside that could be interesting. As always, info is deemed reliable but not guaranteed. Fresh Foreclosure Finds in 75093,75024 and 75025 for 2.21.08 More About: Foreclosures
Foreclosures for 75093,75024 and 75025 - 2.21.08
2008-02-21 14:55:00 Foreclosure Finds As promised, you'll find updated foreclosures each week here. There are some new ones that have only been on the market for a couple of days. The link is from the MLS and is a customer brief report with photo, basic info, etc. There are a couple in Lakeside that could be interesting. As always, info is deemed reliable but not guaranteed. Fresh Foreclosure Finds in 75093,75024 and 75025 for 2.21.08 More About: Foreclosures
Good to Know
2008-02-20 18:44:00 Plano Market Update I know many of you are following the market and really want to know what's going on in your communities. The national real estate news is not local, so here's some Plano current data for days on market and list to sale price from the Collin County Association of Realtors. Below are a couple visual charts to show the pulse of the market. If you're thinking about buying real estate now - this information is good to know. Down 2.2% from January last year. Sellers are making more concessions on price than a year ago. Days on market is 19.5% longer than a year ago. I think that says enough. There are other factors to consider, but this is a snap shot of current market conditions in Plano. If you'd like more info, you can see real estate indicators on the right sidebar, it's a one page graphic of different cities updated monthly. More About: Good
Good to Know
2008-02-20 18:44:00 Plano Market Update I know many of you are following the market and really want to know what's going on in your communities. The national real estate news is not local, so here's some Plano current data for days on market and list to sale price from the Collin County Association of Realtors. Below are a couple visual charts to show the pulse of the market. If you're thinking about buying real estate now - this information is good to know. Down 2.2% from January last year. Sellers are making more concessions on price than a year ago. Days on market is 19.5% longer than a year ago. I think that says enough. There are other factors to consider, but this is a snap shot of current market conditions in Plano. If you'd like more info, you can see real estate indicators on the right sidebar, it's a one page graphic of different cities updated monthly. More About: Good
Tips on How Much to Offer and Chasing the Market Down
2008-02-19 20:00:00 What to Offer or Not Most of the time when you start looking for a home, you search by price range and neighborhood. And when you find the right home your first question is "What's it worth?" You probably already have an idea of what you want to offer? Right?..But how accurate is it? When I'm out with a client and you get that warm and fuzzy feeling, you want to know what to offer. I don't answer right away until some analysis has been done. Like a 6 month review of a neighborhood. In Dallas, home prices have fallen in general and prices are lower across the board. Location and neighborhoods do make a difference. You need to break down by area, location, maybe even street, sq ft bedrooms, baths and amenities. If you are looking at condos you need to just look at the specific building to determine value. You will also want to investigate the tax records and speak to the listing agent to find out what you can about the property and sel... More About: Market , Tips
Tips on How Much to Offer and Chasing the Market Down
2008-02-19 20:00:00 What to Offer or Not Most of the time when you start looking for a home, you search by price range and neighborhood. And when you find the right home your first question is "What's it worth?" You probably already have an idea of what you want to offer? Right?..But how accurate is it? When I'm out with a client and you get that warm and fuzzy feeling, you want to know what to offer. I don't answer right away until some analysis has been done. Like a 6 month review of a neighborhood. In Dallas, home prices have fallen in general and prices are lower across the board. Location and neighborhoods do make a difference. You need to break down by area, location, maybe even street, sq ft bedrooms, baths and amenities. If you are looking at condos you need to just look at the specific building to determine value. You will also want to investigate the tax records and speak to the listing agent to find out what you can about the property and sel... More About: Market , Tips
Open Houses on Sunday 2.17.08 in 75093
2008-02-16 01:00:00 OPEN HOUSES If you're in the market for a new home, trading up or just starting your house hunt, open houses are the best way to see what a neighborhood and homes look like. These downloads are PDF files for viewing or printing. You can see a photo of the property, general info plus times and directions. This is a weekly blog feature so you can always find the new open houses every weekend in Plano, 75093. These reports are from the MLS and all information is deemed reliable but not guaranteed. Have a great weekend! Open Houses for 75093 on 2.17.08 More About: Sunday
Open Houses on Sunday 2.17.08 in 75093
2008-02-16 01:00:00 OPEN HOUSES If you're in the market for a new home, trading up or just starting your house hunt, open houses are the best way to see what a neighborhood and homes look like. These downloads are PDF files for viewing or printing. You can see a photo of the property, general info plus times and directions. This is a weekly blog feature so you can always find the new open houses every weekend in Plano, 75093. These reports are from the MLS and all information is deemed reliable but not guaranteed. Have a great weekend! Open Houses for 75093 on 2.17.08 More About: Sunday
Foreclosures in Plano for 75024,75025 - 2.14.08
2008-02-14 19:25:00 More Plano Foreclosures If you are interested in foreclosures, here's a list from the North Texas Real Estate Information Systems, MLS. This week the foreclosure list includes Plano zip codes 75024 and 75025. The link is a PDF file to view or download, this is not all the foreclosures but some that are available on the MLS. Information is deemed reliable but not guaranteed. Inspections will reveal whether to buy or not. There are 19 foreclosed properties for your review.
Foreclosures in Plano for 75024,75025 - 2.14.08
2008-02-14 19:25:00 More Plano Foreclosures If you are interested in foreclosures, here's a list from the North Texas Real Estate Information Systems, MLS. This week the foreclosure list includes Plano zip codes 75024 and 75025. The link is a PDF file to view or download, this is not all the foreclosures and the information is deemed reliable but not guaranteed. There are 19 foreclosed properties for your review.
Pricing Trends for Plano
2008-02-12 18:46:00 Pricing Trends for Real Estate Lately there's been a lot of searches for pricing trends, I call it real estate rumbling, pricing really is local in real estate and you can't go by the news sources. Here's a chart that tracks the time lines from last April till now to give you an idea of where things are headed. Good to know - if you're thinking of selling or buying. You can see all of Plano (black line) has fallen from it's high but gaining ground and has been steady despite all the doom and gloom about real estate. Median Price around $270K. Zip code 75093 in Plano (orange line) has a steady pattern but has bumped up in last few weeks. Median Price around $565K. You can find homes above and below these prices, but this gives you an idea by city and zip code. If you liked to see another Plano zip code let me know and I'll post it here.
Pricing Trends for Plano
2008-02-12 18:46:00 Pricing Trends for Real Estate Lately there's been a lot of searches for pricing trends, I call it real estate rumbling, pricing really is local in real estate and you can't go by the news sources. Here's a chart that tracks the time lines from last April till now to give you an idea of where things are headed. Good to know - if you're thinking of selling or buying. You can see all of Plano (black line) has fallen from it's high but gaining ground and has been steady despite all the doom and gloom about real estate. Median Price around $270K. Zip code 75093 in Plano (orange line) has a steady pattern but has bumped up in last few weeks. Median Price around $565K. You can find homes above and below these prices, but this gives you an idea by city and zip code. If you liked to see another Plano zip code let me know and I'll post it here.
House Hunting Blitz - What did I see?
2008-02-11 22:51:00 Go Ahead - Reduce it now! ....cause it'll cost you more later. This weekend I looked at over 30 homes with 3 different clients, all in Plano zip codes 75023, 75025 and 75074. When you go in that many homes you get a clue to what's going on in the market. Here's what I saw: over priced homes homes that needed updating or lots of work ($$$) foreclosures homes that have been on the market over 200 days The few homes that were nice were priced too high! Sellers often think that their home is worth more than you do and it's very common in this market. For January, Plano Real Estate sales were only down 9%, better compared to other cities in the DFW area. But, pending sales (haven't closed yet) were also down 29%. Active listings are up by 6% and a 4.1 month supply of homes is almost up 19% from a year ago. Days on markets has increased to 80 days a 33% increase from last year. Now, to be honest I have seem the inventory much higher than ... More About: House , Blitz , Hunting
House Hunting Blitz - What did I see?
2008-02-11 22:51:00 Go Ahead - Reduce it now! ....cause it'll cost you more later. This weekend I looked at over 30 homes with 3 different clients, all in Plano zip codes 75023, 75025 and 75074. When you go in that many homes you get a clue to what's going on in the market. Here's what I saw: over priced homes homes that needed updating or lots of work ($$$) foreclosures homes that have been on the market over 200 days The few homes that were nice were priced too high! Sellers often think that their home is worth more than you do and it's very common in this market. For January, Plano Real Estate sales were only down 9%, better compared to other cities in the DFW area. But, pending sales (haven't closed yet) were also down 29%. Active listings are up by 6% and a 4.1 month supply of homes is almost up 19% from a year ago. Days on markets has increased to 80 days a 33% increase from last year. Now, to be honest I have seem the inventory much higher than ... More About: House , Blitz , Hunting
Open Houses for 75093 on 2.10.08
2008-02-09 15:45:00 Open Houses for Sunday-75093 There's lots of open houses for Sunday. Here's a list that agents post on the MLS for 75093. This isn't all open houses but quite a few to review. Open houses are an excellent way for buyers to get to know a neighborhood and see how homes compare. List of Open Houses for 75093 on 2.10.08 The link is a PDF file with info, photo, directions and time. Looks like the weather going to be nice to start your hunt. More About: Open
Open Houses for 75093 on 2.10.08
2008-02-09 15:45:00 Open Houses for Sunday-75093 There's lots of open houses for Sunday. Here's a list that agents post on the MLS for 75093. This isn't all open houses but quite a few to review. Open houses are an excellent way for buyers to get to know a neighborhood and see how homes compare. List of Open Houses for 75093 on 2.10.08 The link is a PDF file with info, photo, directions and time. Looks like the weather going to be nice to start your hunt. More About: Open
What's Willow Bend Dollar Per SqFt?
More articles from this author:2008-02-07 18:12:00 Willow Bend 6 Months Comps Every 6 months I post the dollar per sq ft of some West Plano neighborhoods. These stats are for August 2007 through January 2008. They are by square foot so you can get an idea of what buyers are willing to pay. The market started to change the end of July so these stats are going to be more accurate based on the current trends. SQFT & nbsp; SOLD & nbsp; $PERSQFT <2499 &nb sp; &n bsp; 2500-2900 3000-3499 1 $121. 3500-3999 5 $141. 4000-4499 9 &nbs... More About: Dollar , Willow 1, 2, 3, 4, 5, 6, 7 |
