North Dallas & Plano Real Estate Blog

As many of you know our team continues to watch the market closely so that we can share our expertise to those who need our assistance in either buying or selling a home. This is part of our "More Than" approach that we bring to the public to assist them with one of their biggest financial decisions they will ever make. We track 5 cities in Collin County each month to see what the market is doing so we can react with the correct information to those who need that information to make decisions. Looking at the "Median" sales price and comparing April 2018 to April 2017, prices escalated but at a reduced amount over last April. McKinney was the only city that remained the same from April of 2017 compared to April 2018. All cities saw increased median days on

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Every month I put together information for the following cities in Collin County, Allen, Frisco, McKinney, Plano, and Wylie. I use these cities as a benchmark to see how the overall market is progressing as we go through the year and hopefully it helps home sellers and buyers get more information about the market in general. Comparing March of 2018 to March of 2017 there is some very distinctive things that have popped out at me. First and maybe to no surprise is that the Median Home Prices in all cities except Allen increased. Allen was lower this March than last year but not by much. This means that more homes under the median number was sold and that pulled down the median sales price number. Homes are continuing to sell fairly rapidly and the numbers

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As most of you know the Plano real estate market for resale homes is usually a busy one year after year. However, we started to see some changes starting to happen in the Plano market around mid 2017 and it seems to be continuing into the first of this year. Looking at January 2017 versus January 2018 here are some very interesting facts provided by the North Texas Real Estate Information System (MLS). The median sales price in January 2017 was $329,450 and starting in January 2018 it is $323,000. As you see prices have continued to move upward but not a huge amount. One of the significant things we noticed that in most areas the median days on market has increased. Plano is better off than some of the other cities but they too have seen a increase in this…
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I have been asked many times what the logo on my letterheads or my yard signs means? First it is the "More Than" Symbol >. Over the years from just being an individual realtor doing everything personally for my clients to now having Buyer Specialists and Listing Specialists and a support staff for both my clients and my agents might well define our motto "More Than"  However, that is not the reason for this motto or symbol. It is about what we do and why we do it. First and foremost we want our clients to have the best representation for their unique situation of either buying or selling a home. Along with that is having great communication with all those involved in the real estate transaction. This means that we put a lot of emphasis on those we work

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I always like to share what took place in Collin County over the past year and give you and idea of what we might expect in 2018. Remember, when reading this information that it does not pertain to your specific neighborhood. The only way to find out that information is to send me an email to roxanne@thedeberryteam.com with your name, home address, and your city. Let's look at the stats for 2017 in Collin County for "Single Family Pre-Owned homes. I am going to use "Median" numbers to illustrate different aspects of what took place. Here we go! Overall North Texas saw about a 5% increase in closed sales of all type of homes over 2016. However, when you look at the sale of pre-owned homes in for 2017 over 2016 there is some distinct differences. When you

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The numbers are in for the first 8 months for pre-owned homes in Collin County. Remember this is taking the whole county into consideration and may not be reflective of your personal city or neighborhood. Check with your realtor if you are interested in finding out more about statistics for your own neighborhood since those numbers can vary from area to area. I want to give you an explanation between two numbers realtors frequently use and how they are calculated. First is the Medium range and the second in the Averagerange.  

The median of a set of numbers is that number where half the numbers are lower and half the numbers are higher. In the case of real estate, that means that the median is the price where half the homes sold that month were cheaper,

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 Moving to Dallas?

Living in Dallas is different than living in the suburbs. Pricing on single family homes can be higher depending on the area. New construction is not as much since Dallas is well established. Suburbs may offer more amenities like community pools or other types of unique programs. However, all areas have something to offer to everyone! Call us if you have questions 214-914-6758. Roxanne DeBerry, Realtor, Keller Williams Realty, Plano, Tx.

Check out this Infographic provided by Great Guys long distance movers to get the KEY FACTS before you move here. While the infographic shows the overall statistics for all of Dallas, you will find the North Dallas real estate market differs in the following ways:

1. Home prices can differ

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Plano 2016 Award for Excellence in Real EstateIt is such an honor to be recognized for contributing to the Plano community and we wish to share this honor with our readers. It is because of those we serve and the services we provide that makes such a great relationship. Here is the article we received

FOR IMMEDIATE RELEASE
 
Roxanne DeBerry & The DeBerry Team-Keller Williams Realty selected for 2016 Plano Small Business Excellence Award

 
Plano, - January 17, 2017 — Roxanne DeBerry & The DeBerry Team-Keller Williams Realty has been selected for the 2016 Plano Small Business Excellence Award in the Residential Real Estate classification by the Plano Small Business Excellence Award Program.
 
Various sources of information were gathered and analyzed to choose the winners in each category. The 2016

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Every year is different and every month is different as well in real estate. What is consistent is that no matter what the market, homes continue to be bought and sold.

Over the past 10 years we have only seen two years that were either called a "buyers market" or a "balanced market". A buyers market is one that buyers have the advantage and is usually spurred by an overage of inventory. A balanced market is one that neither the seller or the buyer has an advantage but the inventory makes for a competitive market for both the buyer and seller. A "Sellers Market" is one where sellers have the advantage and it is usually caused by a shortage of inventory of homes. This is where we are at today in the Collin County marketplace.

8 of the last 10 years

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As we go through this year, inventory has grown but is still extremely tight. In Collin County there s about 2.2 months of inventory. A balanced market is considered to be about 6 months of inventory. Low inventory means higher prices. Low mortgage rates makes home buying better but finding the home you desire might be a challenge. New home construction is on the rise and is difficult to track how much that is having on the ease of getting a home, but we have noticed more new home purchases over the past couple of years. So lets take a look at the statistics for a May to May comparison starting with May 2013 and then the May's leading up to and ending in May of 2016.

Homes For Sale: May 2013=2,872, May 2014=2,621, May 2015=2,303, May 2016=2,881

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