Sales year over year in DFW area for October were up 26%.
Builder activity is way up as well.
As far as yard sizes go...some people want big yards, some people want small yards, some don't want yards at all. Everyone is different. I'm personally seeing a trend towards smaller homes and smaller yards than we saw 4-5-6 years ago. People are busier, they don't have time to take care, they don't want to be wasteful, they don't want the larger bills...for electric and water. Again everyone is different, but that seems to be the trend in the circles I see.
Here is a link to some of the homes for sell now in The Settlement:
The real estate market in the DFW area has enjoyed a strong year in 2012. NOW is a great time to buy a home. Interest rates are still low, and prices have stablized and started to increase. Buy now before the values rise even more, then you can enjoy the fruits of the increased values as a home owner.
As for the homes and yard sizes, as noted below, it's an individual choice. However, we have NOT seen this as a big turn off to buyers in the area. If the yard size is what you are looking for, then I wouldn't let the re-sale value of the yard be the determining factor on the purchase of the house.
If you are not already working with another agent, we would love the opporunity to help you find/buy your next home. There is no cost to you as a buyer for our services. Additionally, you should hire a Realtor to represent you even if you buy new construction from a builder. The builder rep works for the seller - not you - and they will not be looking out for your best interest.
Please call me at 214-418-0180 and we will assist you in buying your next home!
Melissa Hailey - North Texas Top Team, Realtors
Coldwell Banker Jane Henry Realtors
Number of homes Sold: 24
Average sold price: $370,715
Number of homes Sold: 29
Average sold price: $253, 527
Number of homes Sold: 26
Average sold price: $302,648
Number of homes Sold: 6
Average sold price: $316, 667
Note: these figures do not include homes that were sold, but not in the MLS, such as a considerable amount of new construction homes not in inventory.
While the smaller yards may be a turn-off for some buyers, they are a very welcome change for those looking for less-maintenance and "upkeep".
The smaller yards definitely aren't keeping buyers away buyers under $300k as homes in this area are still staying on the market a matter of days in most cases before going under contract :-o
It's important to have an experienced agent who knows how to navigate the delicate web of multiple offers in this market.
The primary consideration currently is the low inventory of available quality homes in the McKinney area. It has been a sellers market for many months. Over ninety percent of my sales or purchases have involved multiple offer situations. It can be distressing for buyers and agents............
So in answer to your question, it depends on the need and time frame of a buyer to find a house in the area!!!!!! Builders are ramping up new home starts as fast as they can pour foundations, with virtually no available move in inventory. Developers are laying out new subdivisions all over the area. So there are delays moving in for several reasons. It's gotten a bit crazy in the area.
Let me know if I can be of further assistance. You can call me at 469-371-2899.
Susie Kay, RealtorÂ®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!
Realtor, North Texas Home Finders
New Home Specialist
Providing Solutions Because...Your Move Matters!
Michael L. Brownstead, GRI, ABR
Ebby Halliday RealtorsÂ®
8920 Coit Rd., Ste. 100Plano, TX 75025