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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
What's Willow Bend Dollar Per SqFt?
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
Plano Real Estate Update - Year End
2008-02-05 21:06:00 Plano Market Pulse Activity for most recent month (Dec.) in all of Plano is below: You can see new listings were down 3.1% and sales down a disappointing 26.5%- although this number could be lower due to all real estate information not being posted by years end. Plano year to date sales were down 12.5% but average sales price was up 4.2% which shows the value of this marketplace. Two other factors to note is the sales to percent of list price is right around 95.7% and days on market has fallen from 72 days in 2006 to 61 days in 2007. The current inventory in Plano is 1339 homes on the market, new listings have decreased but that is also typical for the time of year. Although this gives a glance into the market, the days on market has increased to 84 days by the end of Dec. January stats will be out next few days and from my rough estimate - days on market has increased to 115 days and sales will probably be down around 19% from a year ago. Prices are still com... More About: Estate , Real Estate , Update , Real , Plano
Plano Real Estate Update - Year End
2008-02-05 21:06:00 Plano Market Pulse Activity for most recent month (Dec.) in all of Plano is below: You can see new listings were down 3.1% and sales down a disappointing 26.5%- although this number could be lower due to all real estate information not being posted by years end. Plano year to date sales were down 12.5% but average sales price was up 4.2% which shows the value of this marketplace. Two other factors to note is the sales to percent of list price is right around 95.7% and days on market has fallen from 72 days in 2006 to 61 days in 2007. The current inventory in Plano is 1339 homes on the market, new listings have decreased but that is also typical for the time of year. Although this gives a glance into the market, the days on market has increased to 84 days by the end of Dec. January stats will be out next few days and from my rough estimate - days on market has increased to 115 days and sales will probably be down around 19% from a year ago. Prices are still com... More About: Estate , Real Estate , Update , Real , Plano
Foreclosure Nightmare
2008-02-04 22:11:00 Real World Foreclosure s Here are a few photos of a foreclosure that's for sale in a nice neighborhood. Everything looks good from the front, but as soon as you enter there's disturbing visual clues. Most of the time you think you can get a good deal on a foreclosure but it really depends what needs to be done or undone in a property. You can tell on this one that the homeowners were distressed and angry about something. One thing about real estate is you usually always have a place to go to the bathroom. Not so here, they took the toilet, sink, tiles and everything. What's up with that. Looks like a hammer or fist went through the cabinets...notice that a painting project was started. The only thing that was left in the kitchen was the sink and faucet. Looks like they needed help with color selections. All foreclosures are different but most are vacant and have not been taken care of. Even though this property was priced $40K under appr... More About: Nightmare
Foreclosure Nightmare
2008-02-04 22:11:00 Real World Foreclosure s Here are a few photos of a foreclosure that's for sale in a nice neighborhood. Everything looks good from the front, but as soon as you enter there's disturbing visual clues. Most of the time you think you can get a good deal on a foreclosure but it really depends what needs to be done or undone in a property. You can tell on this one that the homeowners were distressed and angry about something. One thing about real estate is you usually always have a place to go to the bathroom. Not so here, they took the toilet, sink, tiles and everything. What's up with that. Looks like a hammer or fist went through the cabinets...notice that a painting project was started. The only thing that was left in the kitchen was the sink and faucet. Looks like they needed help with color selections. All foreclosures are different but most are vacant and have not been taken care of. Even though this property was priced $40K under appr... More About: Nightmare
Neighborhood Street View of Townhomes - Shops at Legacy
2008-02-02 12:26:00 Neighborhood Street Tours If you are not familiar with the Townhomes at the Shops at Legacy , here's a street view virtual tour of the first phase townhomes at Lundsford and Parkwood. A short walking distance to Bishop where most of the shops and restaurants are. You can see EDS and the beautiful grounds with fountain. Now, thanks to google maps you can see virtual neighborhoods of many properties, what a great way to sell your home! To start the tour click the right arrow and go anyway you want. Cool, Huh! Below is the intersection of Legacy and Parkwood, you can see how "Shops at Legacy" has been developed, there are more townhomes on the North side of Legacy. There's also a couple of foreclosures. More About: View , Neighborhood
Neighborhood Street View of Townhomes - Shops at Legacy
2008-02-02 12:26:00 Neighborhood Street Tours If you are not familiar with the Townhomes at the Shops at Legacy , here's a street view virtual tour of the first phase townhomes at Lundsford and Parkwood. A short walking distance to Bishop where most of the shops and restaurants are. You can see EDS and the beautiful grounds with fountain. Now, thanks to google maps you can see virtual neighborhoods of many properties, what a great way to sell your home! To start the tour click the right arrow and go anyway you want. Cool, Huh! Below is the intersection of Legacy and Parkwood, you can see how "Shops at Legacy" has been developed, there are more townhomes on the North side of Legacy. There's also a couple of foreclosures. More About: View , Neighborhood
Open Houses This Weekend for Plano 75093
2008-02-01 16:37:00 Open House Schedule Looks like the weather is going to be better this weekend, So here's a list of open houses for Sat.and Sun. in West Plano for 75093. Times are on info sheets. This isn't all open houses but what has been entered on the MLS. Click the link below for the list. Happy Hunting! Open Houses in 75093 for 2/2 and 2/3. More About: Open , Weekend
Open Houses This Weekend for Plano 75093
2008-02-01 16:37:00 Open House Schedule Looks like the weather is going to be better this weekend, So here's a list of open houses for Sat.and Sun. in West Plano for 75093. Times are on info sheets. This isn't all open houses but what has been entered on the MLS. Click the link below for the list. Happy Hunting! Open Houses in 75093 for 2/2 and 2/3. More About: Open , Weekend
Real Estate Marketing Online
2008-01-31 22:46:00 Your Home Online The Pitch Have you gotten much junk mail from agents or Realtors® lately? You know the Postcards that say "I sold this house in 10 days?" or a Brochure of MY listings! and How Great I Am. There's always a picture of the house and then a fabulous or bad photo of the agent or team that says... Call me now! To be honest, with the market being slower, I've received very little and guess what? I bet...you don't miss it either. Needless to say, they all look the same. Even your sale sign in the yard is about the agent and the broker....It's called pull marketing, but does it really sell your home? The Truth The truth is... it sells the agent and the broker, not your house. SHH! I don't want to get in trouble, but it gives the agents leads and the broker recognition. It's how agents are taught to market real estate. Brilliant! Not really. That's how it works but I don't think anybody tells you that. Pull marketing is... More About: Marketing , Estate , Real Estate , Real Estate Marketing
Real Estate Marketing Online
2008-01-31 22:46:00 Your Home Online The Pitch Have you gotten much junk mail from agents or Realtors® lately? You know the Postcards that say "I sold this house in 10 days?" or a Brochure of MY listings! and How Great I Am. There's always a picture of the house and then a fabulous or bad photo of the agent or team that says... Call me now! To be honest, with the market being slower, I've received very little and guess what? I bet...you don't miss it either. Needless to say, they all look the same. Even your sale sign in the yard is about the agent and the broker....It's called pull marketing, but does it really sell your home? The Truth The truth is... it sells the agent and the broker, not your house. SHH! I don't want to get in trouble, but it gives the agents leads and the broker recognition. It's how agents are taught to market real estate. Brilliant! Not really. That's how it works but I don't think anybody tells you that. Pull marketing is... More About: Marketing , Estate , Real Estate , Real Estate Marketing
What's the Average Days on Market and Price per Sqft in Plano vs Dalla
2008-01-31 19:06:00 Intelligence Charts - Dallas vs Plano When showing homes yesterday, it seems one of the first questions asked is how long a particular property has been on the market? So here's a chart from our analytical friends at Altos that shows our two favorite cities, Dallas and Plano. Days on Market (DOM) has actually come down since mid September, right around 100 days for Dallas and 92 days for Plano. Next question is dollar per sq ft. since that 's how you buy a home. If you're considering Dallas vs Plano the take away is homes in Plano are newer and only 20 minutes form the core of downtown with an excellent public school system in place and well, the dollar per sq ft speaks for itself. See more charts on median price for Plano zip codes: 75093,75024 and 75025 here. Thanks, Scott for showing me how to do the new charts, I could be dangerous now with all this intelligence plus the MLS stats. info deemed reliable but not guaranteed More About: Price , Average
What's the Average Days on Market and Price per Sqft in Plano vs Dallas
2008-01-31 19:06:00 Intelligence Charts - Dallas vs Plano When showing homes yesterday, it seems one of the first questions asked is how long a particular property has been on the market? So here's a chart from our analytical friends at Altos that shows our two favorite cities, Dallas and Plano. Days on Market (DOM) has actually come down since mid September, right around 100 days for Dallas and 92 days for Plano. Next question is dollar per sq ft. since that 's how you buy a home. If you're considering Dallas vs Plano the take away is homes in Plano are newer and only 20 minutes form the core of downtown with an excellent public school system in place and well, the dollar per sq ft speaks for itself. See more charts on median price for Plano zip codes: 75093,75024 and 75025 here. Thanks, Scott for showing me how to do the new charts, I could be dangerous now with all this intelligence plus the MLS stats. info deemed reliable but not guaranteed More About: Price
Real Estate Question of the Day - If I'm a lawyer representing myself, do I
2008-01-30 17:33:00 Do I get paid for writing my own contract? Do you have a real estate question? Here's one we got last night that might be of interest if you are lawyer representing yourself. "If I'm a lawyer, do I get the 3% commission?" The answer is this: Yes, if you are a licensed lawyer in the state of Texas in good standing you are entitled to the commission, whatever that might be. This is how the process should start... NOTE TO LAWYERS: In your initial contact with the listing agent of the property that you are considering, identify yourself as a licensed lawyer who will be representing yourself, writing your own contract, and expecting the buyers commission. This way all parties are on the same page from day one and you set the stage for positive negotiations. When you write the contract you must disclose that you are a lawyer and write in the 3% paid by the broker that has the listing agreement. Now here's the fun part, if you are not part of the MLS yo... More About: Estate , Question , Real Estate , Lawyer , Real
Real Estate Question of the Day - If I'm a lawyer representing myself,
2008-01-30 17:33:00 Do I get paid for writing my own contract? Do you have a real estate question? Here's one we got last night that might be of interest if you are lawyer representing yourself. "If I'm a lawyer, do I get the 3% commission?" The answer is this: Yes, if you are a licensed lawyer in the state of Texas in good standing you are entitled to the commission, whatever that might be. This is how the process should start... NOTE TO LAWYERS: In your initial contact with the listing agent of the property that you are considering, identify yourself as a licensed lawyer who will be representing yourself, writing your own contract, and expecting the buyers commission. This way all parties are on the same page from day one and you set the stage for positive negotiations. When you write the contract you must disclose that you are a lawyer and write in the 3% paid by the broker that has the listing agreement. Now here's the fun part, if you are not part of the MLS yo... More About: Estate , Question , Real Estate , Lawyer , Real
Dallas and Plano are not part of the housing slump
2008-01-29 19:00:00 Dallas & Plano Are Not Part of the Housing Slump That's Starting to Hit Stronger Cities per WSJ "Where Housing Is Headed" Supply grows, prices weaken, credit tightens, consumer confidence and depressing prices even in places - such as the Pacific Northwest that had avoided the housing slump affecting most of the country until now - look vulnerable to a slowdown. The WSJ article of 1.24.08 Housing Slump to Hit Stronger Cities shows local markets around the country still vary greatly from their quarterly survey of housing data in 28 major metropolitan areas. As we all know inventories in of unsold homes are huge in most of Florida, Phoenix, Las Vegas, and the Detroit area. The article goes on to state that the the number of homes listed for sale in Boston and Denver declined last year, but as a REALTOR in DALLAS/PLANO the good news is they were flat in DALLAS. So the proverbial $64,000 question being asked by everyone is "Where is... More About: Dallas
Dallas and Plano are not part of the housing slump
2008-01-29 19:00:00 Dallas & Plano Are Not Part of the Housing Slump That's Starting to Hit Stronger Cities per WSJ "Where Housing Is Headed" Supply grows, prices weaken, credit tightens, consumer confidence and depressing prices even in places - such as the Pacific Northwest that had avoided the housing slump affecting most of the country until now - look vulnerable to a slowdown. The WSJ article of 1.24.08 Housing Slump to Hit Stronger Cities shows local markets around the country still vary greatly from their quarterly survey of housing data in 28 major metropolitan areas. As we all know inventories in of unsold homes are huge in most of Florida, Phoenix, Las Vegas, and the Detroit area. The article goes on to state that the the number of homes listed for sale in Boston and Denver declined last year, but as a REALTOR in DALLAS/PLANO the good news is they were flat in DALLAS. So the proverbial $64,000 question being asked by everyone is "Where is... More About: Dallas
Foreclosure Houses for Sale in 75093 and 75024
2008-01-28 21:39:00 Foreclosure List for Far West Plano With all the foreclosures on the market and knowing they're hard to find, I went ahead and ran a search on foreclosures in 75093 and 75024. Here's a file to browse if you're looking to purchase. Please know these are not all foreclosures, but ones that are entered in the MLS as such. There are many different stages that a property goes through before it's listed as a foreclosure and that takes a little more investigative work, but here's a brief report on what's for sale in 75093 and 75024. Lots of searches for this so hopefully this will help some real estate owned properties out there. Foreclosures in 75093, 75024 for 1.28.08 More About: For Sale , Houses , Sale , Foreclosure
Foreclosure Houses for Sale in 75093 and 75024
2008-01-28 21:39:00 Foreclosure List for Far West Plano With all the foreclosures on the market and knowing they're hard to find, I went ahead and ran a search on foreclosures in 75093 and 75024. Here's a file to browse if you're looking to purchase. Please know these are not all foreclosures, but ones that are entered in the MLS as such. There are many different stages that a property goes through before it's listed as a foreclosure and that takes a little more investigative work, but here's a brief report on what's for sale in 75093 and 75024. Lots of searches for this so hopefully this will help some real estate owned properties out there. Foreclosures in 75093, 75024 for 1.28.08 More About: For Sale , Houses , Sale , Foreclosure
Open House Schedule for 75093
2008-01-25 17:45:00 Open House s for 75093 I know it's cold and wet, but if you're in the house hunting mood - here's a schedule of open houses this Sunday 1.27.08 in 75093. This is not all open houses but what has been entered on the MLS. Link is PDF file with photo, info and directions... Open House s for 75093 More About: Open , Schedule
Comparing Plano Homes Prices to 75093,75024,75025
2008-01-24 17:25:00 Overview of Home Prices in Plano 75093,75024,75025 Here's a couple cool charts to show median price in zip codes 75093, 75024, 75025 compared to Plano overall. This gives you a birds eye view of the market and the value of certain zip codes since last May and how prices have fluctuated. 75093 is the most expensive real estate in Plano, price has actually increased compared to Plano in general due to it's location and all the corporate campuses that employ executives. Nice bump (orange line) since the first of the year. 75024 is just north of 75093, not all schools are in the Plano ISD, you can see the price has varied 25K or so, but is heading in an upward direction of late. 75025 is east of 75093 and 75024, it is below the median price for Plano as a whole. There is true value to be found here, excellent schools, location and newer homes. The lines are trending upward for both the city and 75025. Overall inventory has been declining in Pla... More About: Homes
The Unknown Factors of Finding a Foreclosure
2008-01-23 23:49:00 Have you been thinking about buying a foreclosure? Maybe for investment or to live in yourself? So you hit the web to see what's out there.... Right? What's the best way to find a foreclosure? There are tons of site for finding properties and that's an under statement. What you need to know is how to use the information that you find. Today, we have received several calls regarding properties on Realty Trac. Realty Track is a great site and has a lot of information. The foreclosure process can take many different forms: short sale pre-foreclosure auction bank owned (REO) govt owned Not all foreclosures are on the MLS, so it depends what status the property is in. And that's where your research begins. For example, REO (Real Estate Owned) properties could be listed by a broker on the MLS. Auction properties (not on MLS) is where you go to the court house steps the first Tuesday of every month and buy sight unseen, have cash or financ... More About: Foreclosure , Unknown
Market Update for 75093
2008-01-22 22:49:00 75093 West Plano Update - 1.18.08 West Plano is made up of 3 zip codes, 75093,75024 and 75025. This real estate update is for 75093 week ending 1.18.08. Besides the MLS stats we look at national data from Altos Research to see where the market is trending on a weekly basis. Below is part of a detailed report: The chart shows bullish signs for our market! Inventory has been coming down and days on market are less. Of course, you have to account for the time of year. Median price is trending up nicely too from last April. Another positive sign is the market action index. it's been cold for the last 2 months and now has an up arrow for activity. It's the start of the spring market. And still very much a buyers market. Shoot me an email if you'd like this full report. The December and year end monthly indicator reports should be out soon. Watch for them on the right side bar of this site, they are easy PDF downloads by area and city. Stay warm. More About: Market
Like Collecting Baseball Cards but with another 9/11 Tale from Business Wee
2008-01-22 08:00:00 Why Option ARMs Are Scary Posted by: Peter Coy 8.04.05 How Toxic Is Your Mortgage? Posted by: Peter Coy 9.06.06 Nightmare Mortgages - They promise the American Dream: A home of your own -- with ultra low rates and payments anyone can afford. Now, the trap has sprung - Business Week-9.11.2006 You might ask what does collecting baseball cards have to do with the September 11th 2006 edition of Business Week magazine? Well, I collect baseball cards and ever once in a while I keep copies of certain business magazines and was rummaging through my desk this weekend and ran across this issue and it was like reading history in the making and happening all at the same time. There's an adage I use in my business when dealing with people that sometimes don't understand exactly what we're discussing or trying to accomplish in a business transaction and that paraphrase is " I might have been born at night, but it wasn't last night". ... More About: Baseball , Cards , Tale
Frozen in Plano
2008-01-21 18:30:00 Frozen Fountain - The Shops at Legacy photo by SK Womack Believe or not this is a rare site in Plano , TX - past few days it's been in the 30's and yes we can freeze in Plano, but nothing like the Green Bay and NY game last night! Usually the cold doesn't stay around too long, but we can get some wicked ice storms this time of year. If you are relocating to North Texas and not familiar with the weather, it's cold in January and February and by mid March we are into Spring. Thank goodness! More About: Frozen
Who Visits Here
2008-01-18 18:28:00 Who Visits Plano Homes and Land - World Visits This is a world map of the last 100 visitors to Plano Homes and Land. Around 120 or so unique visitors a day land here. As you can see we get visits by Japan, Korea and Belgium on this map as well. How do they find Plano Homes and Land? It might surprise you that most browsers search by neighborhood, the Internet has made information so accessible that people all over the world are aware of West Plano and it's neighborhoods. They land on property search pages to look at homes. Below is a short list of cities that visit from from this country. Online Marketing of real estate is changing dramatically by Web 2.0 standards. What's Web 2.0? - it's what you do online to find information, communicate and socialize on anything that interests you. 75% of our business comes from having a online presence and being targeted on the web. It's a great way to show and sell your home to the world. Have a g...
Frontdoor.com from HGTV
2008-01-16 13:25:00 Just when you thought you needed another home search site and info to browse, here comes another. You're probably familiar with this one, it's by HGTV. Frontdoor.com - it's in beta, so they're experimenting. What's it about? Finding a Home. It's just not a technology company looking to design a national home search system and sell ads so you can be a lead...(so what else is new?) Designed to Sell and House Hunters are popular shows and they plan to educate in their HGTV way. It'll will be interesting to see how they evolve. Take a look - they are looking for feedback. See About Frontdoor . I'm adding this one to the Real Estate Tools page.
Plano Real Estate - Year to Date Review
2008-01-14 19:19:00 2007 Quick Review for Dallas Real Estate Big Picture Dallas Metro: No surprise that the market has softened in Dallas too. But keep in mind - It's also the time of year that real estate typically slows because of the holidays - no surprise there. Dallas sales for December were down 25% from a year ago and pending sales down 21%. Year to date: Sales were down 8% as well as pending sales. OKAY, overall not so bad. Plano Results Year to Date for 2007 Sales: ; &nbs p; 4028 down 11% Price per Sq. Ft. $99. up 2% Sold to List Price: 97% down 1% Days on Market: 55 - up 8% Pending Sales: 4262 down 11% Months Inventory: 4.9 up 26% What Now? The market will keep plugging along, the one thing that needs to happen is the acceptance that ho... More About: Real Estate
The Savoy-New Construction in Oak Lawn
2008-01-12 16:33:00 The Savoy - Unique Custom Townhomes in Oak Lawn Are you looking for a truly unique home in Oak Lawn? Right by Highland Park...this could be it.... "The Savoy" what a great name, sounds rather New York, doesn't it? The Savoy is located on Bowser street, very close to Oak Lawn and Lucky's. Quality construction by Sterling Designs. There are only 4 units and each home has a different finish out, no cookie cutter here. They are around 3000 sq ft with 4 levels. The 4th level has a game room plus a large balcony with fireplace for entertaining family and friends. They'll be finished in February. You can't beat this intown location with the true quality and luxury of a custom home you deserve. Pricing to be announced soon. More About: Construction
Fire in the Sky - Storms at Sunset
More articles from this author:2008-01-10 08:00:00 Stormy Weather Photo by: SK Womack Actual storm system moving in at sunset in North Texas - this was taken a while back, but reminds you of the turbulent weather we see in the spring. Texas is big sky country and it's not always blue. Real Estate stats for 2007 will be posted next couple of days and thought this photo was appropriate for the Real Estate Recap and advice for 2008. Stay tuned... More About: Sunset , Fire 1, 2, 3, 4, 5, 6, 7 |
