NICK WALTON REALTOR®

Serving Your Frisco Community

NICK WALTON REALTOR® Serving Your Frisco Community

Frisco TX Homes Sales 2nd Qtr. 2012

Frisco TX Homes Sales 2nd Qtr. 2012

If you are a visual person then you will love the graphs below that show how great the market in Frisco TX is right now.

It good to see that the average overpricing for the second quarter has dropped from 6.6% to 5%.

If you are looking to sell your home you should expect to receive more offers on your home in Frisco TX as currently inventory levels are below 2 months on homes priced between $250k – $300k.

The median sales price on homes in Frisco, TX was $271,460, with it taking on average less than 60 days to sell homes priced around $300k.

Frisco Homes Sales

Frisco TX Homes Sales 2nd Qtr. 2012

 

Frisco TX Home Sales for 2nd Quarter 2012

Frisco TX Homes for Sale
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
Nick@NickWaltonRealtor.com

So I Told You The Market In Frisco Is Great….Just Sayin…

So I Told You The Market In Frisco Is Great….Just Sayin…

Frisco TX Real Estate Market is HOT

One question every Realtor® gets asked frequently is “how’s the market”. I love to hear this question especially in today’s hot Frisco TX marketplace. Right now (June 2012) we have 3.2 months of inventory which puts us firmly in a Sellers Market.

Definition of a Sellers Market is:

A market which has more buyers than sellers. High prices result from this excess of demand over supply.

Another way to look at the market is through the amount of Inventory.

Buyer’s Market – more than 7 months of inventory.

Seller’s Market – less than 5 months of inventory.

Balanced Market – from 5 to 7 months of inventory.

As I mentioned above we currently have 3.2 months of inventory in Frisco. If you are currently looking for a home you will notice that in Frisco there is a shortage of supply especially in the $175k – $275k range. So if you do find a home you like, put in an offer now, because if you don’t somebody else will.

If you are thinking about listing your Frisco TX home then now is a great time to do so don’t delay. This is the busiest time of the year with the schools out for the summer, the warm weather and more daylight all adding up to more buyers out there looking to buy.

Currently this year I personally have sold all my listings within 30 days with more than one home going under contract in less than 7 days and receiving multiple offers.

Below are the number provided by NTREIS. Real Estate Center at Texas A&M

May 2012 YTD – Single Family Residences

City # of Sales % Change vs Prior Yr. Average Sales Price % Change vs Prior Yr. Average Days on Market % Change vs. Prior Yr.
Frisco 1234 17% $304,799 10% 68 -18%

May 2012 Monthly Sales Closed – Single Family Residences

City # of Sales % Change vs Prior Yr. Average Sales Price % Change vs Prior Yr. Average Days on Market % Change vs. Prior Yr.
Frisco 370 54% $315,785 7% 55 -22%

 

Frisco TX Homes for Sale
Frisco TX 75034
Frisco TX 75035
Search All Homes For Sale
What is your home worth?
Nick Walton
JP & Associates Realtors®
469-556-2393
ttwllc@gmail.com

April 2012 Market Update Pt. 2

April 2012 Market Update Pt. 2

Home Sales

April Home Sales

April Home Sales

In Millions
Home sales dipped 0.9% in February to 4.59 million units, yet are 8.8% higher from a year ago. A strengthening economy is improving consumer confidence with an increasing amount of people in the market. Additionally, as the market shows signs of improvement, more people are feeling the urgency to buy while prices and interest rates are still at some of the most affordable levels in history.

Home Prices

April Home Prices

April Home Prices

In Thousands
After slipping a bit at the beginning of the year, median home prices rose to $156,600, up 0.3% from a year ago. NAR President Moe Veissi said, “People realize that home ownership is an investment in their future. Given an apparent overcorrection [dropping prices as an overreaction to market conditions] in most areas, over the long term home prices have nowhere to go but up.”

Inventory

April Home Inventory

April Home Inventory

In Months
Housing inventory rose 4.3% in February to 2.43 million homes, representing a 6.4-month supply, up from 6.0 in January. There are several factors driving this increase in the inventory of homes. First, banks have settled major lawsuits regarding fraudulent foreclosure practices with state governments, which has enabled them to start moving many foreclosures off their balance sheets and into the market. Pending sales are up, and home building is starting to show signs of life again after three years of low new-housing construction.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

April 2012 Market Update

April 2012 Market Update

Now three months into 2012, both the housing market and the overall economy are improving at modest rates. These improvements have inspired confidence in consumers, demonstrated by a 9.2% increase in pending home sales in February from the year prior.

Both home prices and sales are expected to increase in 2012. Lawrence Yun, chief economist for NAR, stated, “Falling visible and shadow inventory [bank-held properties], combined with a dearth of new-home and apartment construction during the past three years, assure that rents will continue to rise, with likely home price increases in 2012.”

As rents continue to rise, buying becomes a more and more attractive option as home affordability, or the percent of income it takes to pay the mortgage, continues to be among the most favorable in history. Trulia’s Winter 2012 Buy vs. Rent Index, which measures the relative cost of renting compared to asking prices of homes found that in 98% major metropolitan areas sampled, it was more affordable to buy than to rent.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Where is America moving? 2011 Migration Patterns

Where is America moving? 2011 Migration Patterns

Where is America moving? 2011 Migration Patterns

Where is America moving? 2011 Migration Patterns

Where is America moving?
As it does every January, Atlas Van Lines reviews data on the origins and destinations of interstate moves during the last 12 months. The 2011 Migration Patterns study results provide a snapshot of relocation patterns, showing an overall increase in the number of moves over last year.

Southwestern and Mid-Atlantic coastal states were popular destinations in 2011. The Midwest continues to lose residents, but Michigan became a balanced state after six consecutive years of steady outbound moves. For the sixth year in a row, Washington, D.C. had the highest percentage of inbound moves, while Ohio came out the clear leader in the highest percentage of outbound moves.

 


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

10 Questions Every Seller Should Ask When Selecting an Agent

10 Questions Every Seller Should Ask When Selecting an Agent.

realtor

realtor


1) Do you work full-time or part-time as a real estate agent?

Full-time work typically means more attention for you.


2) How many homes have you sold in my neighborhood?
An agent who specializes in the area in which you are selling your home is preferable. This agent will be the most familiar with recent sales activity and will be able to recommend a good market price for your home.

3) How many other sellers are you representing now?
The busiest agents often are the most efficient.

4) Will you handle all aspects of my transaction or will you delegate some tasks to a sales associate or administrative assistant?
A knowledgeable assistant can be invaluable, but make sure you connect with your agent regularly.

5) At what price do you think my home can sell given the current market?
This will allow the agent to display his knowledge of your market.

6) Can you give me a comparative market analysis (CMA) of recent sales in the area and homes currently on the market?
This should contain listing and sales prices for recently sold homes as well as listing prices and the listing dates of homes currently for sale. It also should include detailed property descriptions (such as square footage and numbers of bedrooms and baths).

7) Can I list the house with you for 60 to 90 days?
Most consumer experts agree that a three-month listing period, or less, is best. You can always renew the listing agreement at that time.

8) How many years of education and experience do you have?
Experience and continuing education typically make for better agents.

9) Are you also a broker and/or a Realtor?
Brokers have more stringent licensing requirements and responsibilities. Realtors are voluntary members of the National Association of Realtors, a trade group.

10) Do you have a custom website that provides marketing for your personal listings and serves as an information resource for potential relocation leads and buyers? Is the site easily found on the Internet with typical searches?
Verify a sales agent’s website(s) with your own search.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

7 Reasons Why Selling Your Home In The Winter Months IS Better Than Waiting For Spring Or Summer

7 Reasons Why Selling Your Home In The Winter Months IS Better Than Waiting For Spring Or Summer

If you are on the fence about selling in the winter vs. waiting for spring/summer, here’s some great information:

  1. There is 20% less homes for sale in the winter, compared to spring and summer months.
  2. In the winter months, the buyers in the market are serious about buying a home. There aren’t many “tire kickers” out in the cold house hunting. They are usually motivated buyers.
  3. There is less inconvenience to the family to keep the home up for showings, because there’s less people house hunting in winter.
  4. With scheduled showings, there doesn’t have to be any disturbance to holiday festivities.
  5. Several studies have shown homes sold during the winter season sell closer to listing price than those sold during the spring and summer.
  6. Contract negotiations are easier and seller concessions less are generally less in the winter months. Remember, buyers in the winter are serious about finding a home. It’s a captive audience.
  7. Realtors(R) aren’t as busy in the winter months, and with less inventory, there is more attention on your property.

Call me now if I can provide any further information on why selling your home in the winter season is a great time. I’m happy to provide you a complimentary property analysis to help you determine if now is a good time to sell of it is better to wait. As a professional Realtor(R), it is my responsibility to give you my unbiased expert opinion.

The property analysis is complimentary and there are no strings attached.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

Should I List My House For Sale During Winter?

Should I List My House For Sale During Winter?

Should I List My House For Sale During Winter?

Should I List My House For Sale During Winter?

Now that we are getting close to the end of the year prospective sellers are asking the question should I list my house now or wait until next year? The fear that sellers have is that their house will sit on the market during the winter and become stale.

Consider the following:

Is you home market ready?

The homes that sell the fastest in any market are those that are “move in ready” so if your home is not in the best condition maybe now is the time to fix some things.

What is your local competition?

Find out from your realtor how much competition there might be for your home if you were to put it on the market now. In your local area good home inventory may be low so it could be a good time to get your home on the market.

Less competition

Most sellers don’t put their home for sale the last couple of months of the year so the inventory of homes tends to be low. If you have buyers in your area, now may be a great time to list your home as Interest rates are low and competition is less.

Corporate Relocations

Corporations tend to move their staff in the 1st and 4th quarters of the year. The end of the year is also the time when corporations are taking stock of their year-end budgets and figuring out what is left to be spent in 4th quarter. Having your home on the market during the 4th quarter means you may pick up a relocated buyer.


This blog post is provided to you by Your Frisco Realtor® of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.

It seems that listings in Plano, TX are down. Good time to list our house for sale or wait for spring?

It seems that listings in Plano, TX are down. Good time to list our house for sale or wait for spring?

shops at legacy plano texas

shops at legacy plano texas

During the winter months there are generally less homes on the market which means less compition for you if you choose to list your home. Also consider that after October 1, 2011 relocation season for 4th quarter has begun. You need to  be listed in the MLS no later than January 1, 2012. You will see the most amount of home searches on Realtor.com in January of every year. This is true for Plano as it is within a short commute of North Dallas & Downtown Dallas where many of the international corporations are based.

I received our Netreis Activity Report (MLS) for September 2011 this week which covers all of the Dallas Metroplex. In respect of Plano the # of home sales are up 3% on same time last year, with the average sales price also up 3% to $271,141. The average days on market at all price points within Plano is 76 days.

In my experience homes priced within the $150,000 to $270,000 that are “move in ready” and staged well in Plano are selling within 60 days.


This blog post is provided to you by Your Frisco Realto®r of NickWaltonRealtor.com

Providing Real Estate services for the cites of Frisco, Plano, McKinney, Allen, Little Elm, Prospre, Celina & North Dallas.

Nick Walton, Realtor®

JP & Associates Realtors®

Nick@NickWaltonRealtor.com
Cell / Text 469-556-2393

www.NickWaltonRealtor.com

Join the Your Frisco Realtor® & Nick Walton Realtors Group Facebook Fan pages

I’m glad that you have found my blog and taken the time to read it. If you find the information useful or informative please “Subscribe” to my blog.

I enjoy building new business relationships across the country and would love to find a way to work together on a transaction or a referral.