Wednesday, February 11, 2009

Good News...DFW Real Estate holding strong

I was at a networking meeting today and the presenter talked about the state of the market. Let me just say that I am happy to live in Texas. While the news and media have been talking about the doom and gloom in real estate on the national level they failed to point out that DFW is one of the housing markets that has remained flat. The S & P Case Shiller Index reported that the Dallas area had a 3.3% residential price decline compared to the national average of 18.2%.

One of the contributing factors is the strong DFW economy. In the Oil & Gas Industry the Barnett Shale (onshore natural gas field) created 83k jobs in 2007 and generated 8.2 billion into the local economy. We were also presented with employment changes for 30 states, comparing December 2007 with December 2008, and Texas was the only state that was not in the red. Texas showed an increase of 153,700 new jobs.

Did you know that DFW has a less than 1% chance to have housing prices decline in the next two years according to the PMI U.S. Market Risk Index . What does all this mean? DFW is a good place to set roots with it's strong economy and stable real estate. Take advantage of the low interest rates and call the Barron-Daugherty team at d + b real estate to help you buy or sell your home, 972-838-5394.

Wednesday, February 4, 2009

January Market Update

Here's a snapshot of how the real estate in Stone Brooke Crossing fared for January 2009.

The month ended with 7 Active listings:

5213 Hawks Nest 2684, 4 BR, 2.5 BA, $214,900
5209 Stoney Trail 2602, 4 BR, 2.5 BA, reduced $189,900
5100 Sandy Ct 2,176, 4 BR 2.5 BA, $179,900
304 S. Village 2303 sq ft, 4 BR, 2 BA reduced $200,000
5417 Crystal Ct 2,105, 3 BR, 2 BA, $169,000
504 Rock Ridge Way 2,107, 3 BR, 2 BA, $165,000
5437 Pebble Ct 2,311 sq ft, 4 BR, 2.5 BA $182,000

2 Sold Listing:
Home 1 - 1,956 sq ft, 3 BR, 2 BA $166,000
Home 2 - 2,631 sq ft, 4 BR, 2.5 BA $137,900 Foreclosure

Do you need a McKinney Realtor that specializes in Stone Brooke Crossing? Call or Email us today! The market is right for buyers that qualify - low interest rates are drawing out the serious home buyers. Get your home on the market this month!