By Tom Branch, on December 31st, 2011 
Fairview TX is a small bedroom community located east of US 75 at Stacy Road. According to the Fairview Texas Website:
Fairview offers the warmth of a small town and the convenience of a big city. Located north of Dallas at U.S. Highway 75 and Stacy Road, Fairview is an alternative to the North Texas communities that are known for their cookie-cutter sub- divisions. The majority of Fairview is zoned for residential lots that are one acre or larger, with a few areas reserved for smaller home sites.
The housing market is Fairview is very stable. This month we’ll present median sales price, days on market, and months supply of housing charts. Click on any chart for a larger view.
Median Sales Price
The median sales price in Fairview has recovered nicely from the low in the summer of 2009. Zoned to Lovejoy ISD and boasting estate sized lots, Fairview continues to attract buyers. The opening of the Shops at Fairview brought upscale shopping, dining, and entertainment to Fairview. In November 201 the median sales price was $279,995 and it has risen to $307,900–a gain of 10 percent.
Days on Market
The Days on Market in Fairview remain stable at about 118 days. While this is slightly over the average in the local area, 118 days on market is still very good considering the higher price points in Fairview.
Months Supply of Housing
The months supply of housing is slightly over 7.9 months. The National Association of REALTORs states that a 6 month supply of housing is a stable market, supplies under 6 months are a seller’s market, and supplies over 6 months is a buyers market. While Fairview is slightly over 6 months, I still believe the market is balanced given the higher price points in the area. Fairview had an 8.3 month supply of housing in November 2010. It sits at 7.9 months now–a decrease of 4.2 percent.
Feel free to contact us if you have questions or need any additonal information.
Photo: Copyright 2011 – Tom Branch | Source: NTREIS on December 30, 2011
By Tom Branch, on December 30th, 2011 
Located in the shadow of the Baylor Medical Center at Lake Forest and US 380, this never-lived-in DR Horton home is ready for tenants. There are 4 bedrooms, 2.1 baths, and 2168 square feet of living space per the builder’s plan. Click on any photo for a larger view.
The open kitchen has plenty of storage space, dark cabinets, black appliances and decorative lighting.
The large living has soaring ceilings and a wall of windows overlooking the fenced backyard and patio. The home is wired for a flat-panel television above the wood-burning fire place. The staircase has oak handrails and cast iron balusters.
The master suite sits at the rear of the house. The master bath has a jetted tub, separate shower, dual vanities, and a walk-in closet.
Imagine yourself sitting on the balcony in the morning enjoying a hot cup of coffee enjoying the view of the greenbelt.
The home is within walking distance to the new McKinney Baylor Medical Center.
Video Tour of 2232 Canyon Point, McKinney, TX
Current status, pricing, details, photos and a virtual tour
Please contact us at 214-227-6626 for more information or to schedule a private showing of this home.
Photos and Video: Copyright 2011 Imaged2Sell
By Tom Branch, on December 30th, 2011 
Allen Texas, located just north of Dallas, is a great little city and a wonderful place to live. The city continues to grow with plenty of developement–both residential and commercial.
The Allen housing market has been relatively stable. This month we’ll take a look at Median Sales Price, Days on Market, and Months Supply of Housing.
Median Sales Price
The Median Sales Price, which had been on the rise for almost a year, retreated some over the past few months. It appears to have stabilkized over the past month. Allen started the year at $196,475 and is now at $201,000. While .5 percent is not a huge increase, it is stable.
Days on Market
Days on Market has been on the rise for the past year yet remains below 90 days and below 2009 and 2010 levels. Allen started at 77 days on market and has risen to 82 days on market.
Months Supply of Housing
The Months Supply of Housing is very good at 4.4 months of inventory currently on the market. The National Association of REALTORS® suggests that a 6-month supply of housing is a balanced market. Supplies over 6 months indicate a buyer’s market and supplies less than 6 months indicate a seller market. Our experience is that homes that show well and are priced right continue to sell.
Please contact us at 214-227-6626 if you have any questions or want more information.
Source: NTREIS on December 29, 2011 | Photo: Copyright 2011 Tom Branch
By Tom Branch, on December 27th, 2011 As 2011 gives way to 2012, it’s time to take a look at the housing market in Plano, Texas, ZIP Code 75025.
75025 is the north, central part of the city of Plano. It looks like a large letter L with State Highway 121 on the north, Coit Road on the west, Legacy on south. The south leg runs all the way to US 75, then north to Hedgcoxe, West to Custer, and north to meet with State Highway 121 again.
2011 appears to have been a very stable year for the area. Let’s look at three charts: median sales price, average days on market, and new listings. You can click on any of the graphs for larger views.
Median Sales Price
The graphs are broken out into four price ranges. It’s been a flat year in the market for the lower three price ranges. Homes above $290k saw a 10.3 percent decrease in value. Overall home prices are down about 4.1 percent from this time in 2010.
Average Days On Market
This chart really helps you to understand why the median sales price was down for home above $290k. The average days on market for these homes spiked to almost 330 days in the spring of 2011. The good news is the market was finally able to absorb the inventory and the days on market settled back down.
New Listings
The decrease in new listings has been one of the primary reasons the housing market in 75025 has remained relatively stable. While demand is down, the supply of new listings is down as well. The lack of an over-supply of housing has been a good thing for homeowners.
We have access to data for the entire Dallas Fort Worth Metroplex. Please contact us at 214-705-2470 if you have questions or need additional information.
Source: NTREIS on December 27, 2011
By Tom Branch, on December 22nd, 2011 
I was talking with one of my new home builder sales consultants today. She related how several agents have been in with potential buyers and have commented that since the property has been listed for 120 days the builder should be willing to give the buyer a “huge” discount.
While I don’t really think that even applies to resale listings, it clearly does not apply to new home listings.
This particular property was listed while it was under construction and will not be completed until January 2012. The listing is correct in the MLS and we even have a comment in the property description letting potential buyers know that the property will not be ready until January.
“Days on Market” is not a public field within our MLS so it appears that some agents are simply searching by days on market, looking for “deals.” I would hope buyers agents would do a little research before coming out to the new home builder and demanding discounts!
My advice is to read the remarks in the MLS and don’t assume that higher days on market means a distressed seller willing to take a loss. This builder’s homes are selling fine and he rarely has any “spec” homes lying around.
High days on market does not equal a huge price reduction.
By Tom Branch, on December 22nd, 2011 
CB JENI Homes, the builder of The Enclaves at Willow Crest, has announced a price increase on all townhomes effective January 1, 2012. The base price of all floorplans will go up by $3,000.
Home currently under contract will not be impacted and any contracts executed prior to January 1st will also receive the old pricing.
See all Townhomes for Sale in The Enclave at Willow Crest.
Contact us at 214-227-6626 for more information on builder incentives or to schedule private showings.
Photo Copyright 2011 Imaged2Sell
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By Tom Branch, on December 22nd, 2011 
A rare opportunity! This single-level custom home with pool and spa has 4 bedrooms, 3 bathrooms, 2916 square feet of living space (per tax) and a three-car garage. This home sits on a quiet cul-de-sac in sought-after Estates of Forest Creek. Click on photos for larger views.
The main living room is light and bright. Plantation shutters cover the wall of windows that let in plenty of natural light. The centerpiece of the room is the wood-burning fireplace with gas logs.
The gourmet kitchen is a cook’s delight. Notice the Brazilian cherry hardwood floors (this flooring continues through most of the main living areas of the home). There is plenty of storage space and the granite countertops compliment the custom cabinets. There is a smooth cook top, double ovens, dishwasher, microwave, and a trash compactor.
The master suite is located at the back of the home and split away from the secondary bedrooms and the guest suite. The room has Brazilian cherry flooring, plantation shutters, and a double trey ceiling. The suite overlooks the backyard pool and there is access to the pool & spa area.
The oversized master bathroom has everything! There are dual vanities, double-sized shower, jetted tub, and a huge walk-in closet. A skylight lets in natural light.
Imagine yourself enjoy sunmer afternoons relaxing in the pool or slipping into the spa and letting the swirling water wash away a hard day at work. The covered back patio is perfect for entertaining.
More details, current pricing, photos, virtual tour, and status
Video Tour of 3925 Sagamore Hill Ct in Plano, TX
Please contact us at 214-227-6626 for more information or to schedule private showings.
Source: NTREIS | Photos and Video Copyright 2011 Imaged2Sell
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