Area News

Months Supply of Inventory for Highland Shores and more

Months Supply….what does that mean?

We are not here to convince you to buy or to sell….we are here to help analyze & explain the market, to help you to make good solid decisions and to guide & consult you through the process. We are always wanting to educate & help our clients so they get the best price, in the least amount of time and with the least amount of hassle!

Months Supply

This is the number of months that it would take for all the homes for sale in the search area to sell!

The average supply is about 4-5 months.  A balanced market is about a 6 month supply.

If less than 4 months this means the buyers are dominating the market and there are more buyers than sellers.  In other words, it is a SELLERS MARKET!

The greater this number, greater than 5 months, this means there are more sellers than there are buyers. A BUYERS MARKET!

This is important to know whether your a 1st time home buyer or a 20th time buyer or seller.  We have lots of great information for our clients to educate them to the area markets, because they can be different in different cities!

See STATS

For our buyers & sellers,  we calculate the months supply in specific neighborhoods, zip codes, cities, or countys’  they are looking to buy or sell in, to determine approximately what the the market is doing.  This is great for anyone relocating to the area.

Call today if we can help 214-699-6788     www.TripleCrownRealtyDFW.com

Triple Crown Realty For All Your Real Estate Needs!

MAP OF HOMES-Our Activity

        SOLD(RED) ~ FOR SALE(GRN) ~ COMING SOON(BLUE) 

We are very grateful that we can help lots of local clients with the sell and purchases of their real estate needs…we also can help clients that are not in the local area! We’d love to explain how we do that!

What’s your home worth? Find out here.
What’s your market doing? Find out here.

Happy Thanksgiving…Turkey Tip

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From Our Family to Yours….Happy Thanksgiving!

Happy Thanksgiving! We are so thankful for our family, friends and all the clients we work with. You make our life exciting, challenging and so much fun!

We wanted to share a little tip for you…if you have a frozen turkey, make sure you give it time to thaw before cooking.

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Hope you find this chart helpful as you get ready for your Turkey Day!

Wishing you a very Happy Thanksgiving from our family to yours.

Another Home Sold ~ HIGHLAND SHORES, HIGHLAND VILLAGE, TX

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813 Rolling View Ct. Highland Village, TX 75077

Home sold in less than 1 week with multiple offers and homeowners got over asking price for this home! Working with great clients was the best part. We wish them well as they begin a new chapter and journey! Although bitter sweet the best is yet to come!

May God be always at your side Lori & Craig!

“And the priest said to them, “Go in peace. The journey on which you go is under the eye of the Lord.” ~ Judges 18:6

WHAT’S THE GOOD NEWS FOR APRIL 2016?

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The National Association of Realtors conducted a survey in March 2016 which found that vacation home sales slowed in 2015 as prices of those homes increased. Sales fell 18.5% to 920,000 purchases in 2015, compared with the previous year’s peak of 1.3 million. The price tags of those second homes shot up a whopping 28%, to $192,000, in 2015, according to the report.  In addition, the median household income of vacation home owners was $103,700 in 2015—up from $94,380 in 2014.  More than half, 58%, picked up single-family getaways instead of condos (25%) or townhouses (13%), according to the report. Vacation home sales made up 16% of the market.  The most popular getaways were in the South—particularly sunny Florida. About 47% of vacation homes were below the Mason-Dixon Line, while 25% were out West, 15% were in the Northeast, and 13% were in the Midwest.


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Dallas/Fort Worth International Airport comes in at the 10 spot in a ranking of airports globally, based on total passenger traffic last year.  Beijing had been expected to overtake Atlanta’s Hartsfield Jackson International Airport as the world’s busiest, but China’s economic slowdown and the airport’s capacity restraint kept that from occurring.   Atlanta remained on top, according to statistics from Airports Council International. The airport in Atlanta is within a two-hour flight of 80% of the U.S. population.  Dubai was the world’s busiest airport for international passengers and came in third in terms of overall passengers.  Among U.S. airports, D/FW ranks fourth behind Atlanta, Chicago and Los Angeles.

 


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A new analysis by Realtor.com® has identified the 10 fastest-growing neighborhoods in America that are slated to grow even faster—places where job opportunities abound, new households are forming, and new homes are being built to meet the growing demand. Power Ranch, Gilbert, AZ is a suburb of Phoenix that came in as the number one boom town, with projected five-year household growth of 15.9%.  The Historic Cultural Center, of downtown Los Angeles, CA came in second on the list and yes, Downtown Dallas came in at #3 on the boom town list.   Downtown Dallas has projected household growth of 14.9% and they credit those projections to recent redevelopment efforts that have transitioned downtown into a livable neighborhood including the Dallas Farmers Market upgrades and as a next step, a long-vacant 108-year-old high school will be replaced by a new office and retail building, which should bring in employment and visitors. The report is titled:  “Boom Towns, America’s Fastest Growing Neighborhoods” so it is nice to see downtown Dallas ranked highly.


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The Outlets at Alliance would total about 330,000 square feet of retail development, not including any hotel or big box retail that may be included, on 115 acres on the east side of Interstate 35W.  The Woodmont Co. of Fort Worth, in partnership with an entity of Hillwood, recently landed a $20 million economic incentives agreement for its proposed retail development, called The Outlets at Alliance, near Cabela’s in north Fort Worth.  They anticipate significant traffic in the area since the Cabela’s in that location is ranked 2nd place nationally within store chain.  Outlets at Alliance mall could open by 2019 and the developer expects to create 350 full time jobs.


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The world’s largest retail diamond jeweler — Signet Jewelers — has confirmed that it plans to develop a new Dallas campus at Cypress Waters, which will include a 225,000-square-foot office building and a 31,000-square-foot manufacturing facility. The two-building campus will sit lakeside in Cypress Waters and will give the Akron, Ohio-based jewelry company the ability to enhance its manufacturing capabilities in the region.

Last July, after Signet acquired Zale Corp. for $1.4 billion, executives with the company began their search for a larger regional home.  The new manufacturing building will bolster Signet’s manufacturing ability in the region to build diamond bracelets, jeweled rings and other intricate jewelry, with enough space for an additional 150 manufacturing employees to work. The Signet campus construction is slated to begin in June 2016 and by the end of 2017, the move to the new campus should be complete.