Apr 28, 2010
Apr 26, 2010
Apr 24, 2010
We really mean it this time
No offense to the rug store, but it's about time. The retail strip is being remodeled to make way for a mattress store of all things. There will be space for some other shops, but a mattress store? I think it's funny that you can get your nails done at almost any major intersection in North Dallas, but you have to drive miles to buy a mop. Given that this is a high rent retail area, I'm surprised a mattress store is giving it a go when furniture stores (that also sold mattresses) have gone under.
[where: 75230]
Labels: Dallas, North Dallas, Preston Hollow, Preston Royal
Apr 22, 2010
Getting rid of old electronics the smart way - this weekend
Even better, why not drop your unwanted items off this Saturday at the Recycling Roundup. They'll not only recycle your electronics but loads of other stuff. Furniture is donated to the Dallas Furniture Bank, clothing to Goodwill, etc. They recycle everything from batteries to books.
Apr 20, 2010
Home Prices vs. Home Inventory
As of today, we have a 14 month inventory of single family homes in the area between the Northwest Hwy and LBJ Freeway, west of Central and east of Midway. However if you look closely at the numbers, the inventory is mostly for properties over $1 million. Homes under $1 million have a 12 month inventory and those over $1 million have an inventory of 19 months. That might sound like a lot, but it was over 24 months a year ago.
Current inventory in the Park Cities and immediate area is 11 months. But even these numbers vary by neighborhood. In the immediate area around my home, the inventory is 11 months. And we have lots of homes over $1 million. So it's still a buyer's market in North Dallas. However, inventory is down from this past summer. Prices will follow the inventory trends.
[where: 75230]Labels: Dallas, North Dallas, Preston Hollow, real estate, sellers, statistics
Apr 13, 2010
Dallas March Home Sales Statistics
Residential home sales stats are in for March 2010 and they reflect the home buyer tax credit incentive. Sales in lower price ranges are up. So the average sales price for all homes in the Preston Hollow and Park Cities is lower. Keep in mind that a couple of multi-million dollar sales in a neighborhood will show a jump in the average price and more sales on the low end will show a drop in the average price.
As promised, here they are:Labels: Dallas, North Dallas, Preston Hollow, real estate, statistics
Apr 11, 2010
Apr 9, 2010
Fuzzy Math in Real Estate
- 63% - In the past 4 months, almost two-thirds of the homes SOLD in your neighborhood were listed with ... (this company).
- 246 - The average Days on Market of homes sold in your neighborhood in the past four months by our competitors.
- 81 - The average Days on Market of homes sold in your neighborhood in the past four months by ... (this company).
Labels: Dallas, Preston Hollow, real estate, Realtors
Apr 7, 2010
Appliance Cash for Clunkers program in Texas
Today begins the sign up for the appliance rebate program and if you're thinking of upgrading your fridge, dishwasher, hot water heater, ... then act now.
Texas residents who apply for a rebate must replace an old, but functional, appliance from one of the eligible categories with a new ENERGY STAR or CEE qualified appliance. Rebate amount vary based on what you buy. For example, the rebate for a new washing machine ranges from $150 to $255 depending on the type and if you recycle the old one. The program officially begins at 7 a.m. today when you can make a rebate reservation online through www.texaspowerfulsmart.org/rebate or via toll-free call to 1-877-780-3039. The purchase period for all appliances begins April 16, 2010. Appliances must be purchased from a Texas retail location or contractor. Online purchases are not eligible. Texas anticipates high interest in this program and rebate reservations will go quickly. You must book your rebate reservation in order to be eligible. For details or more information, go to http://texaspowerfulsmart.org/rebate/ [where: 75230]Labels: Dallas, home improvement, Pollution, real estate
Apr 6, 2010
Huge Open House event this Sunday
Labels: buyers, Dallas, North Dallas, real estate, Realtors
Apr 3, 2010
Warning of Dallas area Real Estate Scam
The Texas Real Estate Commission has recently received enough complaints against a group in the Dallas/Fort Worth area to issue a warning to area Realtors. The individuals named in the complaints represent themselves as real estate agents and brokerage companies but do not hold Texas real estate licenses. And they are scamming people out of thousands of dollars.
According to TREC, "The public should be aware, owners of real property, tenants, buyers, and investors claim to have lost large sums of money related to the group's real estate schemes. Among other things, the complainants allege that the group takes and keeps deposits for properties over which they have no authority or no control. They allegedly do not pay rent to property owners on property they claim to manage for those owners, or take large security deposits from tenants and then keep the money. They take deposits or earnest money on properties that they claim are available for a short sale but in reality are days away from foreclosure. Apparently, much of the solicitation of potential victims has been conducted through www.craigslist.com. " Anyone can verify whether a person actually holds a Texas real estate license by searching their name on TREC's website at http://www.trec.state.tx.us/. Agents with reputable companies can typically be found on web sites that include their photo to verify that they are who they say they are.
The TREC alert also adds, "The group allegedly hires unsuspecting people to perform real estate brokerage services, such as showing real properties for sale or lease and writing contracts or leases, and misrepresents to the “employees” that a real estate license is not required in order to perform those services. These employees are also apparently solicited via craigslist. " [where: 75230]