Skip to main content

Look at How Far We've Come! COVID Can't Keep US Down!

From the beginning of the "COVID impact" on our local real estate market, we have been tracking the health of our home values by monitoring "under contract" data to get real-time indicators.  Since SOLD data is already 30+ days OLD by the time it's published, we use this info to determine what's happening with our market NOW.  

Legend: 
BLUE is the 1st 10 day timeframe.
ORANGE is the midway 10 day timeframe.
GRAY is the latest 10 day timeframe.


Collin County - April 2020 to NOW


It's almost like any other summer buying season in Collin county... Healthy numbers from 200k to 500k.  We are on an upward trajectory for homes being put under contract, with the higher-end ranges making a strong comeback from where we started.  There are plenty of buyers hunting for a great home, so put your house on the market with confidence.  More info available upon request.

Learn more about Selling with NO SHOWINGS Right Here.



Denton County - April 2020 to NOW


BELOW 300k, Denton home values are EVEN BETTER than Collin's!  Buyers get way more bang for their buck here, so it's no surprise to see this kind of comeback.  Their numbers never dipped as much as Collin or Dallas, which says a lot about how hungry the buyers are in Denton.  This is also a great indicator of future value growth.  Combine that with stellar rental return stats, it's a perfect storm for investors to act quickly before values inflate too much.  




Dallas County - April 2020 to NOW


The water is pretty murky here, very unclear signs of a healthy market outside the 150k to 250k range.  The demand for homes under 250k in Dallas county makes a strong case for sellers to act now to get top dollar.  This overwhelming buyer demand is due to the number of entry-level buyers that NEED a home.  Couple that with the sub 3% interest rates and it's like pouring gasoline on a fire!  If you want to know more, please reach out and I will be happy to share more info.  



The Wrap-Up

We have come a LONG way on this deal!  Our market is super strong, even without ridiculously low interest rates.  The problem we WERE facing with the dwindling supply of homes (see last post) has gotten better as sellers gained more confidence in our local market.  Even with more homes, there is always a shortage of MOVE-IN READY ones.  So if you are planning to sell, you can ask for a boatload more with updates.  If you are a buyer, embrace renovations and make changes to the lackluster homes that are still sitting on the market.  Our blend of real estate and construction gives our buyers the power to transform the homes before they move-in.  Read how custom homes can boost your lifestyle by matching how you do life.


Your Realtor for Life,

Timothy


Timothy Henley
Broker & Texas Realtor 
Lic # 0572885


Comments

Post a Comment

Popular posts from this blog

One-Time Close Construction Loans with Super Small Down Payments!

Have you ever DREAMED of building a Custom Home but assumed it would require a large down payment? A Home Designed to Fit You & Your Budget...  Build Your Dream Home NOW! Finally regular buyers can get a truly custom home because of low down payment, one-time close construction loans!  Find that perfect piece of land in the perfect location, design your Custom Perfect home and then wrap it all into one easy loan product! For far too long, buyers with only 3-5% to put down have had to settle for pre-existing floor plans or homes.  Why compromise on the place where you spend so much of your life?  NOW you can design your new home exactly the way you want it... YOUR Style & Design with all the floor plan, layout, features and amenities that fit How You Do Life ! Your Own Custom Perfect Spaces! What will you put in YOUR Custom Home? Master retreats, kitchens straight out of Pinterest or HGTV! Guest houses for an aging parent . Separate spaces for
8 comments
Read more

Crazy Like a Fox.... Buy Your Next Home BEFORE Selling?

Imagine a world where you purchase your next home, THEN get up to 6 months to sell your current one...   That's right! On this planet, there is no selling then buying stress.  You don't have to feverishly search for your next home AFTER accepting an offer on your current one.   Sounds rough?  Just ask anyone who has done it! Skeptical?  I would be too! If you never heard of this before, it's called a portfolio loan.  They come in many shapes & sizes, but this loan type allows a buyer to be payment free for up to 6 months on their next home .  It's only available through the normal Fannie Mae conventional loan (sorry, no FHA/VA or USDA) and is structured so payments on your next home start AFTER your sell your old home.  This gives our clients the ability to have their cake and eat it too!  Carefully choose your new home and complete the purchase process... Then take your time moving out and selling your existing home.  THIS is how you transition from one h
1 comment
Read more

The 90 Day Custom Perfect Home

"Where have all the good homes gone ?"       Hundreds of homes may be for sale right now but there is an extreme shortage of really good ones!  Instead of getting what they really want, most buyers are forced to compromise in one of two ways.  They either settle for a somewhat move-in ready home OR spend much more than they intended to compete with other buyers for the one amazing home that hits the market every few weeks.  For buyers expecting this process to be simple & easy, it can be a big let down. But wait.. A third option exists!   And it's the one that will pick up that disheartened buyer and meet their romantic expectations for owning a truly amazing home.  All within a few short months! This example shows a beautiful "Santa Fe" look & feel while featuring a sister shade of the  Sherwin Williams color of the year, Cavern Clay .  Our client started with a vision, then we found a house that we could transform to meet her design
Post a Comment
Read more