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Real Estate Blog

 Real Estate Blog 
Thursday, July 23 2009
Things are happening in Allen! 100 more homes sold in February than in June – that is the largest increase we have seen in these stats! And yet everything that should increase (sold price/price per square foot) did; and everything that should decrease (days on market) also did!

For Allen in May – Sold Properties

86 homes sold
Average List Price $249,117
Average Sold Price $241,952
Average Price Per Sq Ft $87
Average Days on Market 70


June – Sold Properties

131 homes sold
Average List Price $238,498
Average Sold Price $204,661
Average Price Per Sq Ft $86
Average Days on Market 58

The demand for homes in Allen is on the rise, if you are considering selling your home give us a call and let us help!
Posted by: Reechia Powell AT 08:03 am   |  Permalink   |  0 Comments  |  Email
Monday, July 20 2009

Wylie is the hardest area to “figure out” since the average price per square foot doesn’t change but the days on the market dropped by nearly 20 days! And the average sold price decreased??? Bottom line, more homes sold so things are happening in the Wylie market!

For Wylie in May – Sold Properties:
66 homes sold
Average List Price $193,003
Average Sold Price $185,688
Average Price Per Sq Ft $70
Average Days on Market 101

June – Sold Properties
70 homes sold
Average List Price $178,723
Average Sold Price $171,845
Average Price Per Sq Ft $70
Average Days on Market 83

Give us a call and put our experience and knowledge to work for you!

Posted by: Reechia Powell AT 03:34 pm   |  Permalink   |  0 Comments  |  Email
Thursday, July 16 2009
Parker/Murphy is the smallest area we review each month. This is reflected in the number of homes sold, but the overall market in this area is robust!

For Parker/Murphy in May – Sold Properties:

33 homes sold
Average List Price $265,171
Average Sold Price $252,799
Average Price Per Sq Ft $74
Average Days on Market 62


June – Sold Properties

39 homes sold
Average List Price $292,386
Average Sold Price $282,962
Average Price Per Sq Ft $88
Average Days on Market 71

Homes in this area are boasting many less days on the market than earlier this year and a steady increase in the sold price category!

Posted by: Reechia Powell AT 08:30 am   |  Permalink   |  0 Comments  |  Email
Tuesday, July 14 2009
Plano is different than the other areas we review each month, it is larger and therefore offers a wider variety of homes, the price range is also larger than the other areas.

For Plano in May – Sold Properties:

261 homes sold
Average List Price $253,284
Average Sold Price $244,413
Average Price Per Sq Ft $90
Average Days on Market 53


June – Sold Properties

288 homes sold
Average List Price $284,885
Average Sold Price $275,125
Average Price Per Sq Ft $97
Average Days on Market 59

As you can see things change from month to month, and in the Plano area things are increasing in the right areas (average sold price and price per square foot) and decreasing the right areas (days on market).

It’s obviously a good time to sell your Plano area home – call us and let’s talk about our marketing plan for your home!




Posted by: Reechia Powell AT 07:41 am   |  Permalink   |  0 Comments  |  Email
Monday, July 13 2009
You often here the saying, “what’s old will be new again” – and that is true in today’s real estate market.   Yes there has been a shake up and things have changed but there are still buyers and sellers and people living in the homes of their dreams.    And as is true most often when things are “shook up” or changing, that going back to fundamentals is the best track back to “normal”
 
Below are time-honored home buying essentials that apply now more than ever:
 
Save Up to Pay Down 
The tradition of the down-payment is almost as old as real-estate itself, yet home loans with no money or very little money down became increasingly popular during the start of the decade. Changes in the credit market have made such arrangements all but nonexistent today, and in many cases buyers won't be considered for a loan without at least a 10% down payment waiting in the wings.
 
In reality, buyers who invest at least a 15% to 20% down payment will be rewarded as markets re-stabilize. A larger down payment provides the buyer with a lower interest rate, lower payments, higher equity and a stronger negotiating position when it comes to refinancing.
 
Borrow Smarter
Lenders will employ a variety of different metrics to determine how large of a loan and monthly payment you qualify for, but ultimately you must determine a realistic monthly budget. Qualifying for a home doesn't necessarily mean that you can truly afford the payments in the real world. Start the home buying process off right by determining exactly what kind of mortgage payment you can afford, leaving yourself enough buffer to deal with life's little surprises.
 
Focus on Your Market
It's easy to be distracted by national housing headlines, but real estate has always been centered on very specific local market conditions. What is true in one area is not the case in another, sometimes down to the street level. Rather than paying too much attention to trends in distant cities and markets, keep your eyes squarely on the dynamics close to home, and work with your local real estate expert
 
 
Call me and let’s talk about these fundamentals and how my experience and knowledge can help you!   
 
 
 
Posted by: Reechia Powell AT 10:48 am   |  Permalink   |  0 Comments  |  Email
Wednesday, July 01 2009
City of Allen

Saturday, July 04, 2009

Watter's Creek first annual Parade, Pooches, and Patriots on the Green celebration. Festivities include kid and pooch patriotic parade and costume contest. Children of all ages are welcome to decorate their bikes, wagons, strollers and scooters to join the 15 minute parade. Canines should be on a leash and no motorized vehicles are permitted. Admission and parking is free. Prizes will be awarded.

Before and after the parade their will be clowns, face painting, and balloon artists. Families are also encouraged to bring care package items such as disposable cameras, hygiene products, phone cards, playing cards, AA batteries, energy bars, gum and small stuffed animals to donate for Soldier care packages.

Registration for the parade is from 11am - noon and is free. The parade begins promptly at noon. Winners will be announced at 1pm.

Watters Creek at Montgomery Farm is located at 970 Garden Park Drive (US 75 and Bethany Drive) in Allen.
Plano

All-American Fourth
Oak Point Park & Nature Preserve
Spring Creek Parkway @ Jupiter Road

Starting at 9:30 PM

Bring your blankets, lawn chairs and the whole family to help celebrate Independence Day 2009 at Plano's All-American Fourth! Spectacular fireworks can be seen as the show is choreographied to music and simulcast on 97.5 KLAK.

Posted by: Reechia Powell AT 08:01 am   |  Permalink   |  0 Comments  |  Email
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Reechia Powell

Reechia Powell Realty Group
301 S. Watters Road #100
Allen, TX 75013
Phone: (972) 979-9978
Email: Reechia@Reechia.com

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