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Real Estate Blog

 Real Estate Blog 
Thursday, September 26 2013

Home prices across the country are steadily increasing.  A recent report for nationwide housing indicates that prices jumped 12.4% in July over a year ago and that is the biggest jump in 7.5 years.  

As we have all heard the low supply is contributing to the value increase.   The real estate market took big hits during the poor economy period and as many said "it will come back" and it is, which is good news for everyone.   There are of course indications that the "peak" has been reached or is close to being reached.   Many reports show that the overall gains are slowing when we compare month over month, and many experts say a slower pace will be better in the long run.  

Mortgage rates have increased which is another factor when buyers are considering how much and when to purchase.  Many markets experience a "seasonal" increase or decrease in purchasing so that will also factor into the next several months reports.  

Home builders continue to report an increase in permits pulled, this will  help the inventory and could spur another surge in homes sold in the next 3-6 months as these homes are completed.  

We all know that the market stats can vary from state to state, from city to city and even from neighborhood to neighborhood.  Our local market is strong and showing steady activity. 

If you want to know the value of your home, contact us and we can provide you with the details.  

Helping your find or sell your home is our goal,

Getting you through the process is our expertise!

 Keith       214-649-4823

Reechia   972-979-9978

Posted by: AT 05:19 pm   |  Permalink   |  Email
Monday, September 16 2013

Now that the traditionally “busy” summer season is behind us we wanted to review the market stats again to see how our local market is preforming.  

As you might suspect all of the stats support a rebounding market, here in the Plano/Dallas area we did not experience the deep valley drops like many of metropolitan areas across the country.  So our market may be better termed as “continuing a strong upward path”.  

First let’s talk about average days on market.   For the period of September 2010 through August 2011 the average days on market was 109, we saw a 13.4% decrease for the period of September 2011 through August 20112 and then an additional 23.9% decrease during the next 12 months.   Days on market are important to sellers, homes are selling faster!  For buyers it usually means they have less time to “think about” – typically homes are sitting on the market long enough to delay your decision. 

Here you will see a graph showing how many homes sold in different price ranges over the past three years.  As you can see the number of homes increased every year in each price range, except one – the past 12 months homes under $105,000 showed a decrease.  

Of course everyone wants to know the value of their home, are homes selling for more now than they did last year or the year before that?  The answer is YES!    Each year we have seen an increase in the median sold price

As we have said this information is based on an overall picture of our entire area, each individual neighborhood and community has its own stats, and they may differ than what we are seeing in these reports. 

Contact us and let’s share with you how your home in your community compares to these facts.  


Helping your find your home is our goal,

Getting you through the process is our expertise!

 Keith       214-649-4823

Reechia   972-979-9978

Posted by: AT 02:50 pm   |  Permalink   |  Email
Tuesday, September 03 2013

Us Realtors can really talk a blue streak when it comes to preparing your home for sale.  Remove clutter! Clean the closets! Clean the garage! Organize the cupboards!   Well, you get the idea!   Those are the “normal” suggestions when a seller is preparing their home for the market. 

Today, just for fun we want to talk about some ‘unusual’ ideas for preparing your home for the market.  

Your refrigerator and freezer.  The outside should be clean, free of finger prints and “famous” art work, but what about the inside?   Potential buyers are known to look in cabinets, closets, so it is not that much of a stretch to think they may look inside your refrigerator and freezer – especially if the appliance is included in the sale!  So, let’s take a moment and think about what a potential buyer will see?  Old and growing food?  Foil wrapped mystery food in the freezer?  How many bottles of Vodka are in your freezer?  Is the appliance clean? Is there spilled milk or red juice stains?   Are there broken parts? Does it seal and close properly?   Now we aren’t saying this could be a deal killer but if someone looks in a refrigerator or inside the oven what they see may lead them to wonder how you care for the rest of the home.   Just some “food for thought”!   

While we are at it here are a few other ideas that may make your home more appealing or at least help it standout in the buyers mind:

  • Bake cookies and have them sitting out for showings (the smell is appealing as is the treat)
  • Have the bread maker baking (great smell)
  • Put out a bowl of candy for your guests
  • Light the fire in fireplace
  • Have soft music playing
  • Empty the trash can often so there is no worry of odor
  • Put some baking soda, or Liquid Lysol cleaner (with a nice smelling scent) in the drains so there is no chance of a foul odor and it makes the whole house smell clean
  • Turn on the lights in each room
  • Be sure the towels in the baths and kitchen are straightened
  • Close the toilet lids
  • Do a quick run through the house with a laundry basket, anything that is out of place or laying around can be quickly loaded into the basket and then taken with you when you leave for the showing. 

Helping your sell your home is our goal,

Getting you through the process is our expertise!

 Keith       214-649-4823

Reechia   972-979-9978


Posted by: AT 12:36 pm   |  Permalink   |  Email
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Reechia Powell Realty Group
301 S. Watters Road #100
Allen, TX 75013
Phone: (972) 979-9978


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