Home Buying in 75019>Question Details

Txhouse Hunt…, Home Buyer in Coppell, TX

looking for house in coppell - realtor saying sellers market

Asked by Txhouse Hunter, Coppell, TX Tue Mar 25, 2008

i am looking for houses in coppell and realtor says its a sellers market. Is that true. I heard elsewhere that sales for homes is down in coppell.. Also what months are best months to buy - when there is good inventory?
Lastly how to determine offer. Realtor says CMAs of homes sold last year will be lesser than this year due to 2-3% price increase. I thought there was (albeit small) price drop in the coppell area.... Is coppell really that hot.
THis is my first purchase and i wanted to get second opinions.

Thanks

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Unbelievable sellers market we have now and its even surpassing 2008 market. The biggest driver is the combination of low interest rates and the pent up market of buyers that took a big credit hit back a few years ago. The buyer's recovery of their credit is driving them to come out in droves to purchase their homes they lost years ago and first home buyers recognize the great opportunity they have.

I have a new listing coming out this week for a townhome in the Coppell ISD. I expect this home to sell quickly.
0 votes Thank Flag Link Fri Mar 8, 2013
As today, February 5, 2013 I would love to share with the Trulia community a report from WFAA CHANNEL 8:
Coppell – Only 47 Active Listings
WFAA Channel 8 reports that Coppell has less inventory, with less days on market, than any other city in North Texas. Currently the town of 40,000 people has only 47 active preowned listings in MLS, and the number continues to drop. There are a total of only 7 active single-family listings below $250,000, with a majority of listings above $400,000.
- WFAA TV Channel 8, January 29, 2013.

Homes are priced correctly and as a result they are selling quickly, if you are looking for something under 300k you have to be patient, but with the help of a good Realtor you can always find your dream home. Remember, Coppell is a very desirable place to live and the schools are great, people stay here for the lifestyle, family environment, etc.
0 votes Thank Flag Link Tue Feb 5, 2013
We are technically in a sellers market because of the overall average days on market for homes in the metroplex. Currently homes that are priced correctly are selling quickly, but the key is priced correctly. CMA comps should never be more than 6 months. I am a resident of Coppell and would love to sit down with you in order to discuss your needs. Coppell is a great place to live as well as many other areas in the metroplex and with rates still low it's a great time to buy.

James Brooke
Ebby Halliday Realtor
631-433-1853
0 votes Thank Flag Link Wed Jan 23, 2013
It's still not really a seller's market. Coppell real estate has held its value pretty well. The school district has remained at the top for decades and the residents take pride in their community. As far as the CMAs or Comps I never go back more than 6 months. A year or more is not accurate representation of the current market. Coppell is a hot market and has a lower inventory because there is not a lot of turn over out here. People are here to stay for many reasons! Please let me know if you need any assistance! I am a Coppell resident to stay as well!

Lisa Montes-"Your Home Retriever"
http://www.yourhomeretreiver.com
817-201-7388
yourhomeretriever@gmail.com
0 votes Thank Flag Link Fri May 11, 2012
Coppell residents and the community at large have invested a lot in promoting their school system and their style of life. They've been very successful at making it a desirable place to live.

Coppell is also pretty much built out, so there won't be a lot of new construction.

If you do not know the community, you may want to spend some time there walking around the grocery or strolling through shops. You can also go to the City of Coppell website and check out such things the code of ordinances and the city's comprehensive plan. (I used to work in city government elsewhere, so these things are very revealing to me about a community.)

Coppell has strived to create and to maintain a certain lifestyle, and that is a draw for some people and a put off for others.
0 votes Thank Flag Link Sun Mar 30, 2008
Coppell is just like any other good neighborhood in the metroplex. If the house is priced right and the condition is right, it will sell fast. The more expensive the home, the longer usually it takes to sell.

There are 139 homes on the market in Coppell right now. There will be more coming on the market as the school year end approaches. As you may know, one of the desirability for Coppell is its school district. As far as a price increase since last year, yes there has been one in most areas around DFW, but the CMA should only be for the past 4-6 months.

It is VERY important for you as a homebuyer to trust your realtor. If you don't feel comfortable or believe you are being mislead, I suggest that you look for someone else to represent you.

Naima
Web Reference: http://www.sumnerrealty.com
0 votes Thank Flag Link Wed Mar 26, 2008
I LIVE IN COPPELL, a Dallas real estate agent, and Dallas home mortgage loan officer.

Coppell is well known that if you "stick a for sale" out in the yard the homes based on list price are normally on the market for approx. 30 -45 days. During the off season Nov - March homes were still selling very quickly
Coppell is well known for their public schools, during the months April - July are busy months for sellers and Coppell real estate agents, family are wanting to move here prior to school starting
Coppell is a great family community for ONLY a few communities where you will see children riding bikes, outside playing
As a Coppell home owner I have seen the property value increase over the past 6 years, we are a community that takes allot of homeownership pride
Contact my office if I can be of any further assistance

NOTE: if you go to my website you will currently see all the homes for sale in Coppell from $100K and up
972-699-9111
911@lynn911.com
http://www.lynn911.com
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Wed Mar 26, 2008
Try to convert the CMA sold price from US Dollars to, say, Euro Dollars, or Japanese Yen, and you will see many of your questions answered.

Prices with respect to major foreign currency is down, but with respect to US Dollars it should be up, why? US Dollar depreciated, yet huge inflation... That is to say, if you going to build the same house, it could cost you MORE later than now. That's why many builders decided not to buy since many existing home costs LESS than newly built ones. Inflation just killing everyone.

The best time to buy is when you see mortgate rate collapsed, and it just happens as you can click to see ... http://bankrate.com/brm/graphs/graph_trend.asp?tf=180&ct…

That is to say for the same price you buy, you pay less every month!!!

Also, do NOT believe what realtors said on the "market" since most realtors are talking about general market, e.g. the whole town, but, say, you may like particular area of your town that price went up. e.g. I wanted to buy condo at Edison Hollow South http://raspberryct.blogspot.com/ but it was SOLD OUT! I was so stupid to sell mine at $165k 2 years ago, and now selling $196k ... I want to get it back but could not.

So, you want to compare the CMA's for those houses in the particular community or area that you want to buy, forget about other area, even in the same town.
0 votes Thank Flag Link Wed Mar 26, 2008
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