Custom Real Estate Blog

 Everything has changed in real estate over the past full 3 months.  So how have the rising interest rates affected Plano, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 400k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Days On Market, or DOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the DOM needs to be in the 15-30 day range.   The homes in the 400-600k price range had to wait around 27 days to find buyers. Let's break down what's happening in each price range. $350-400k The 68 or so sales took over 25 days to sell (on average).   The average build date of these homes was 1982 and the average size was 1,888 sqft.    So plenty of buyer demand

Everything has changed in real estate over the past 3 full months.  So how have the rising interest rates affected Garland, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 250k to 350k range.  That makes sense, as the majority of buyers are searching for homes in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Days On Market, or DOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the DOM needs to be in the 15-30 day range.   The homes in the 250-350k price range had to wait around 25 days to find buyers. Let's break down what's happening in each price range. $200-250k The 55 or so sales took over 23 days to sell (on average).  This is more about the age/condition of the properties than the number of buyers willing to purchase in this price

Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected Little Elm, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 350k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.   The homes in the 350-600k price range had to wait around 45 days to find buyers. Let's break down what's happening in each price range. $300-350k The 21 or so sales took over 45 days to sell (on average).  This is more about the condition of the properties than the number of buyers willing to purchase in t

 Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected McKinney, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 400k to 600k range.  That makes sense, as the majority of 'move-in ready' homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.  The homes in the 400-600k price range had to wait around 35 days to find buyers. Let's break down what's happening in McKinney price ranges. $300-350k The 20 or so sales took over 45 days to sell (on average).  This is more about the condition of the properties than the number of buyers willing to purchase i

 Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected the buying and selling of homes in Frisco, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening in the 400k to 600k range.  That makes sense, as the majority of homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.   In the 400-600k price range (the busiest), it took an average of 38 days to find a buyer.  Oh my. Let's break down what's happening in Frisco price ranges. $350-400k The 20 or so sales took about 41 days to sell (on average).  What's driving this is more about the condition of these properties

 Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected the buying and selling of homes in Carrollton, Texas? The  GREEN LINE  is the number of sales in each price range.  Most sales are happening at the 350k to 500k range.  That makes sense, as the majority of homes are in that price range.   But let's go one step further...  How long did it take for those sellers to find buyers? The  BLUE LINE  is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.   In a healthy market, the CDOM needs to be in the 15-30 day range.  In the 350-500k price range (the busiest), it took an average of 29 days to find a buyer. Let's break down what's happening in Carrollton price ranges. $300-350k The 30 or so sales took about 35 days to sell (on average).  This is more about the condition of the properties than the number of buy

  Everything has changed in real estate over the past 3 months.  So how have the rising interest rates affected Allen, Texas? The GREEN LINE is the number of sales in each price range.  Most sales are happening at the 400k to 600k range.  That makes sense, as the majority of homes are in that price range.  But let's go one step further... How long did it take for those sellers to find buyers? The BLUE LINE is the Cumulative Days On Market, or CDOM.  It's great to see that all these homes were sold, but that doesn't tell how long it took for these sales to happen.  In a healthy market, the CDOM needs to be in the 15-30 day range. Let's break down what's happening in Allen price ranges. $300-350k The 16 or so sales took over 30 days to sell (on average).  This is more about the condition of the properties than the number of buyers willing to purchase in this price range.  The majority of these homes were NOT MOVE-IN READY.  So negotiations have to happen in order to

 If  you have a home in McKinney , you want the latest info on whether you get to Keep Your Money from the last few years' upswing in home values.    Here is the info that you need to know. Past 90 Days Sales sorted by Price Range The best way to tell if your home is gaining in value or losing value is to see WHAT PRICE RANGES are most active.   The peak of buyer activity is in the 400-500k range , with the 500-600k range coming in second.  Coming in at 3rd place is 350-400k range. The next chart will tell you the Health Report of each Price Range , by looking at Days On Market (DOM) to  see which price ranges sold the quickest. The DOM is the blue line , with the average Days on Market scale on the right side of the chart. By combining both data points, we can determine which price ranges are MOST HEALTHY and least healthy.     Not sure what  your home would sell for  in this market?   Just schedule a quick conversation HERE so you can kno w now. Price Range Health Report 200-300k

If you have a home in Allen , you probably want the latest info on whether ALL THOSE GAINS are holding or if you are losing value.    Here is some info that will help us figure this out. Past 90 Days Sales sorted by Price Range The best way to tell if your home is gaining in value or losing value is to see WHAT PRICE RANGES are most active.   The peak of buyer activity is in the 400-500k range , with the 500-600k range coming in second.  Coming in at 3rd place is 350-400k range. Not sure what your home would sell for in this market?   Just schedule a quick conversation HERE so you can know. The next chart will tell you the HEALTH of each Price Range, by looking at Days On Market (DOM).   Determine health by seeing which price ranges sell the quickest. The DOM is the blue line, with the average Days on Market scale on the right side of the chart. By combining both data points, we can determine which price ranges are MOST HEALTHY and least healthy.     Price Range Health Report 250-300k