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.

Area News: Argyle-New Law Beware!

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Another local city has passed a new law!

Driving distractions can be a major problem and with the increase in vehicle accidents is was just a matter of time. As safety becomes a concern for the citizens, new laws are put into place.

Don’t let yourself be tempted by a text or phone call that comes in while driving ~ there are too many accidents occurring due to this small device, this small device that we seem to be unable to ignore. What can’t wait until you are stopped and safe? Laws will continue to be put into place to make sure you are safe even if you think it would never happen to you. Ask yourself…do you think it is possible? We’ve all heard the stories!

Think before you pick up the phone while driving and please be safe out there ~ because even if your not the one…there could be someone else who is in another vehicle being distracted! It is a responsibility that we all should not be taking lightly.

See article in the Cross Timbers Gazette

WHAT WAS THE GOOD NEWS FOR MARCH?

Six Flags Over Texas this month will debut what it’s calling North America’s first dedicated virtual reality roller coaster.    The New Revolution Virtual Reality Coaster uses Samsung Gear VR powered by Oculus and Samsung phones. Riders become “co-pilots” in futuristic virtual fighter jets and are transported into a battle to save planet Earth from an alien invasion, while trekking along at 55 mph. The headsets have adjustable straps, so guests can wear their own prescription glasses on the ride.  The new virtual reality coaster is set to open to the general public on March 26.


San Francisco-based McKesson Corp. has announced plans to spend $157 million in a Texas expansion in Irving. The health care services and information technology company will fill the former NEC buildings near State Highway 161 and State Highway 114 in Irving.  McKesson plans to add at least 975 new jobs in its expansion efforts in addition to the 900 already working in North Texas.


 

Giant Bicycles will occupy 3,500 square-feet near the intersection of Lakeside Parkway and Surrey Lane, in Lakeside in Flower Mound.  While Giant branded bicycles are sold in bike shops all across Dallas/Fort Worth, this will be Giant’s first brand store in the Dallas/Fort Worth market. Giant is the leading performance bike manufacturer in the world and has other Giant brand stores located in the Denver, London, Scottsdale, Paris, Boston, Melbourne and Santa Monica markets.  The Giant Bicycle Store hopes to prosper due to the biking enthusiasts that ride the Northshore Trail adjacent to Lakeside.


Argyle P & Z has given approval to a planned development on approximately 134-acres of land along the east side of I-35W and south of FM 407, across the interstate from Paradise Foods. The project is under the direction of a familiar name in North Texas, Mehrdad Moayedi of Centurion American Acquisitions, who also is the developer of The River Walk in Flower Mound.   Avalon at Argyle will include a variety of 334-single-family residential home styles, including townhomes and single family detached.  Avalon at Argyle will also include approximately 39-acres of commercial property, as well as approximately 22-acres of open space with parks and trails that will provide connectivity between the neighborhood and the retail center along I-35W.


New York-based advertising and marketing giant Saatchi & Saatchi is following one of its biggest clients – Toyota Motor Corp – to the DFW area. Instead of following Toyota to Plano, Saatchi & Saatchi has picked one of Uptown’s newest office blocks for its expansion. Saatchi & Saatchi has rented more than 50,000 square feet of office space in the new McKinney & Olive tower under construction on McKinney Avenue. Saatchi & Saatchi’s sister company Team One will also be located in the 20-story McKinney & Olive tower.  The building is set to open in late summer after two years of construction.  Since recruiting and retaining talent is a priority in the advertising industry, the walkable urban neighborhood was appealing. Saatchi & Saatchi has 130 offices in 70 countries with more than 6500 employees.


RealtyTrac recently reported that there were 110,008 investors or entities that completed at least one home flip in 2015, the highest number of home flippers since 2007, when there were 130,603 home flippers. RealtyTrac’s research shows that the peak in the number of active home flippers was in 2005, with 259,192. However, there were 1.63 home flips per investor in 2015, the lowest ratio of flips per investor since 2008.

Some 179,778 U.S. single family homes and condos were flipped in 2015, according to RealtyTrac — about 5% of sales — and, more staggeringly, flipping in 12 major markets now is above 2005 levels, said RealtyTrac. . As for metros with especially active flipping, RealtyTrac pointed to Pittsburgh (19% above 2005 levels), Memphis (18% above 2005), Buffalo (12% above 2005) and San Diego (4% above 2005), Seattle (4% above 2005) and Birmingham, Ala.(4% above 2005).

WHAT WAS THE GOOD NEWS IN FEBRUARY?

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Sales of houses priced at $1 million or more rose more than 12% in the year 2015 in the Dallas-Fort Worth area, according to the Texas Association of Realtors.  The rate of increase in luxury home sales in the D-FW area was about twice the overall growth of preowned home purchases.  Last year’s million-dollar-home sales rise in North Texas follows a 15% increase in 2014.  The D-FW area had 1,088 luxury home sales during the first 10 months of 2015.  The median price of luxury homes sold in North Texas was $1.4 million – the highest of any of the state’s major markets.


New York City and Dallas-Fort Worth were the two fastest growing commercial construction markets in 2015.  Among the largest commercial building markets, New York City construction start volumes rose by 66 percent in 2015 from 2014 levels.  And in the D-FW area construction of commercial buildings and apartments increased by 35 percent last year from the year before, according to a new report by Dodge Data & Analytics.

D-FW ranked third for total building volume with $6 billion in new project starts, behind New York with $34.9 billion in new construction and Miami at $6.3 billion.


 

The Mortgage Bankers Association most recently released information showed that the delinquency rate for mortgage loans on one-to-four-unit residential properties dropped to a seasonally adjusted rate of 4.77 percent of all loans.  This is the lowest level since the third quarter of 2006.


 

More than 4,000 jobs were added at Alliance Texas in far north Fort Worth in 2015, bringing the development’s employment numbers above 45,000, a new report shows.  Since it started with the opening of Alliance Airport in 1989, Hillwood Properties’ 18,000-acre mixed-used development has generated $59.69 billion in economic impact to North Texas, including $4.32 billion last year, according to an annual report presented to the City Council.  2015 was a big year for Alliance in terms of new projects, including groundbreaking on the $1 billion Facebook data center and Walmart.com’s announcement for another e-commerce center at Alliance Center North II, Hillwood said.  Facebook bought 110 acres from Hillwood earlier in 2015. But by mid-December it added another 39 acres for a possible expansion beyond the planned 750,000 square feet of data center space already on the drawing board.