North Dallas & Plano Real Estate Blog - sellers

"Surprise The Change Is Here!, Buyers Market?"

As I told people in May the market was changing. So what do I see right now in July? Much more inventory has come on the market in our area over the past two months and that is giving buyers a lot of choices. When buyer's have a lot of choices that means offers for homes will also change. Why? When sellers have more homes to compete with then to get their homes sold they will need to be more willing to look at offers that are not like those that came in two months ago. In fact, those offers have basically come to a halt. We might see a few offers come in slightly above list but most are now coming in at or below list price. Buyers are being told by their Realtors that they are not facing the kind of competition on each home as they were before, which…

793 Views, 0 Comments

"What Is Going On With Real Estate In April"??

In Collin County, no matter how you view it, it looks like we are seeing some changes. However, not as dramatic as they could be in the very near future. What do I mean? When you compare both resale homes and new home sales for like periods, in other words, April 2022 to April 2021 it may look as if the market is still on the upswing. However, when you go from January through April of this year you can see some trends going in the other direction. One of the things that we notice is that inventory seems to be lower in April of this year compared to April of last year. However, when we look at January through April of this year inventory is steadily climbing upwards and if this continues on the track it is on it will exceed last years inventory. The same…

1313 Views, 0 Comments

" Lots of Activity In These 4 Counties"

The DeBerry Team of Keller Williams Realty has been very active over this past month due to an increase in both seller and buyer demand. The issue continues to be a lack of more housing inventory for single family homes. This situation has led to increased offers above list price and many of those are cash offers. We spoke to one of our title companies recently and they told us that many of the people that they are closing are using their 401k to make cash offers and then getting a mortgage once they secure the home they desire. However, our team is still seeing many of our customers using a mortgage company to secure their financing for a home. Our team has seen an uptick in both buyer and seller activity over these past two weeks. 

As of March 7,…

998 Views, 0 Comments

"2021 Is Over! What Happened In Collin County in Residential Real Estate?"

This past year we saw a lot of increases in many different areas when it came to residential real estate. Collin County was not immune to these increases in 2021 and going into 2022. What are the big takeaways from this past year and what can we expect in 2022? First, lets dig into the numbers of this past year in Collin County for residential real estate. 

The medium sales price is something we use to see how prices are moving. Some like to quote averages but when you do that, the higher priced homes that sell are pulling up the numbers and inflates the overall results. Using "median" allows us to look at the middle of all prices of homes that were sold and gives us a better understanding of how much prices are moving in one direction or the other.…

838 Views, 0 Comments

“Predicting The Future-Residential Real Estate"

2021 is fast coming to a close. It is risky business predicting the future and even more so when predicting “residential real estate”. Why do I say that? Could we ever imagine a virus that would shut down businesses, keep people at home, no in-person schools and with all that, a really hot real estate market! To say the least, these last two years have been extremely unusual. I don’t think anyone could have predicted how all this would shake out, especially me, and I have sold real estate in some unusual times. However, I think this one was the most unusual and unexpected.

The big issues in the market have been low inventory of homes both new construction and resale homes, multiple offers, not only multiple offers but multiple offers way above list…

1324 Views, 0 Comments

2020 Is Gone! Bring On 2021!!

The DeBerry Team closed approximately 100 homes this past year in spite of the virus, virtual closings, virtual showings and  prepping for personal showings. We adapted and we overcame!! This past year was very strange due to the virus. We started off the year gang busters and then in March things started to quiet down and that lasted for about 3 weeks. Then, for some unknown reason the activity started back up with a bang! We were all scrambling to help clients find homes in a low inventory market and to sell homes that were receiving multiple offers. Busy doesn't describe how busy we actually were. People wanted to move and to buy homes and we were there to assist them and protect them during the real estate process due to the virus. The DeBerry Team…

3369 Views, 0 Comments

The Market-Continually Changing!

The Market in Collin County for both new construction and pre-owned homes continued on a rampage in September. What do I mean! Competition for homes coming on the market are fierce in many areas. What does that mean? Multiple Offers! We are deep into a "Sellers' Market". However, mortgage rates are at all time lows and that is generating a large demand for homes. We started the year with very low inventory and with this high demand it is gobbling up our inventory at a rapid pace. Many areas are now only 1.5 months of inventory or less and that is all types of single family homes. The median price for most new construction homes have increased and that may be due to a large increase in the cost of lumber. I have been told that the increases are upwards to…

2019 Views, 0 Comments

Wow! "The Real Estate Market Changed"!

The Market Has Definitely Changed! My Buyer Specialists have been working with many buyers working to find them the home they desire. They are having to compete with many multiple offers and so they have to use their knowledge and skill to win in those type of situations. Our seller specialists have been listing homes for those willing to get the most for their home and helping them negotiate the multiple offers that they are receiving. Right now is an excellent time to sell a home since the inventory is low and the ability to get more for your home is great! 

Look at these numbers for Collin County and some of the areas we follow each week and month. Collin County-Days on Market=45 days!, Allen-Days on Market=33 days!, Frisco-Days on Market 36 days!,…

1384 Views, 0 Comments

Are Homes Selling?

Many people have asked me and my team what is going on with home sales during the pandemic? There are some people who have taken their homes off the market and yes buyer traffic has been reduced but not eliminated. Our team is still listing homes and also showing buyers who need to find a home. We track approximately 18 areas to make sure we understand the dynamics of the market. Most areas are in Collin County but we also have a couple of areas outside of that like north Dallas, Rockwall and parts of Denton County. This gives us a good picture of the activity. This past week ending April 19th there were 380 single family homes that "Sold". Based on the approximate same weekly period last month there were 363 homes that "Sold". So you can see that we had…

1718 Views, 0 Comments

What Happens To Residential Real Estate In Collin County In 2020?

What will 2020 bring residential real estate in Collin County and in North Texas in general? As we have seen over this past year home prices continued to move up approximately 4% in 2019. However, the movement upward has slowed. Why? First, more inventory came onto the market and second the demand in the lower price ranges was high but inventory for that product was low causing those who could get into a home to wait. Even though interest rates remained at an all time low it did not spur a surge in activity due to shortage of these type of products. Until this changes I think we will see still see more of the same in 2020. 

A sellers market vs a buyers market. There have only been a few months over the last decade that we might be able to look back and…

1454 Views, 0 Comments