I know there continues to be media reports about the sad, sad state of the real estate market.   Nothing is selling.  Prices are high.  Nobody can get a loan.  Rates are high, blah, blah, blah…

So, I decided to look at the stats for January in Plano, Texas.  Did anything sell?  How long are homes “sitting” on the market?  What is the “hot” price range?  Well, the information I found is enlightening and encouraging.  

In Plano, 194 homes sold in January!  That means 194 happy new home owners and 194 happy home sellers. 

Homes that sold in January were on the market an average of 78.8 days. Considering that time frame includes the holiday season – 78 days isn’t too bad. 

The average sold price is $270,808!  

So, what do the price ranges look like?  Well, 78 homes were under $200,000.  Fifty-eight homes sold for between $200,000 to $300,000.  This leaves an additional 58 homes that sold for more than $300,000.  Just encase you are wondering, the lowest priced home was $79,900 and the highest priced home was $1,099,000. The average price per square foot is $89.80.  

Don’t let the media scare you away from the real estate market!  Call me, let’s talk about your real estate plans and how I can help!

Reechia Powell
Phone: (972) 979-9978
Email: Reechia@Reechia.com
  

Are you seeking some peace & quiet in the wide open spaces? 

Our listing of 79+/- acres in Blue Ridge is looking for you! This property is the most desired acreage in the area! The rolling hills, a pond, and a sandy beach area are awaiting new owners.   

The pond has been dredged and reshaped – you can just sit and enjoy the stunning sunsets while sitting on your own 'beach.' 

The home on the property is sold as is but you can easily build your dream home here, bring your plans and you will be settling into your new home in no time.

This property is located at 7933 N. State Highway 78, you can see photos at www.Reechia.com on our Featured Properties page! 

I know the media has been very doom and gloom lately, and I just saw a study that tells us why it’s good to live in the Dallas area, and I wanted to share it with you!

According to Forbes.com, the Dallas area is one of the 10 most affordable places to live. Many factors were considered in this report, but among the top reasons is the continued fast growth, centralized location, the air quality is good, and easy access to public transportation (DART).

The part of the study I found encouraging is that Forbes.com found our real estate market to be stable (4th most stable in the country)! I have been saying this for months, and now am glad to see it published. Yes, we have our share of foreclosed properties, but our overall values have remained stable (some have seen a slight increase).

To reinforce that study, earlier this week the Collin County Realtor Association released their year-end report that states our market for 2007 was stable with only a small percentage of declines. While December’s new listings and sales were down from 2006, sale prices are holding strong with median sale prices down slightly (2%) and the average sales price was up 4%. Again in 2007 (for the fifth straight year), the median sales price of homes has increased; 2007 saw an increase of 3.3% over 2006. Homes were on the market an average of 73 days in 2007, up slightly over 2006, but down by more than 10 days from the 2004 figure.

Many agents believe that we are in a more traditional cycle, with heavy activity in the spring and summer. If you are thinking of buying a new home, now is the time to start looking – Spring is almost here!

Tuscany Engineers has begun building new homes in Plano’s popular Stoney Hollow community!

Stoney Hollow is located on the east side of City of Plano, at the southeast intersection of Los Rios Boulevard & Trail Walker Road. The community boasts a hilly landscape surrounded by 75 year old pecan trees and a great view of old Cottonwood Creek. There is plenty of green space and parks to add to the town and country feel! Plano East Senior High School is within the community as well.

Tuscany will build 40+ homes in Stoney Hollow, two homes are currently under construction. Tuscany has a strong reputation for building quality homes with custom design features. The standard features of every Tuscany built home prove that they build homes for energy efficiency, easy-care maintenance, elegance and beauty as well as functionality!

Call Reechia to see what Tuscany has to offer you for your next Plano home.