Is Texas real estate slowing down?

[War Machine]

I cant speak for all of the metroplex, but Dallas, Richardson, and Plano is hot.

[svauto-erotic855]

Shit is sitting on the market forever up here in Plano.

I have seen several clients homes in Plano (75023, 75075, 75093) sell in a few hours for more then the asking price in the past 5 months.

[bcoop]

Shit is sitting on the market forever up here in Plano

From what Im seeing, sub 250k is hot, 250-350 is pretty stagnant, though Im looking at a very select area. The house 2 down from me sold in 3 days at 245k.

The sweet spot is $150,000-275,000. Over and under that range are selling the same as they usually do.

[Broncojohnny]

I have seen several clients homes in Plano (75023, 75075, 75093) sell in a few hours for more then the asking price in the past 5 months.

Yes and I can name five that have been on the market for over 90 days. Another that was listed at $550K, reduced to $530K, pulled then relisted at $499K where it has sat again for 60 days. There is another that sat for four months at $510K and then was pulled permanently.

Point being, the market is far from a feeding frenzy, despite what realtors would have everyone believe. I have never seen a residential who would admit a market was shit.

[Tremor14]

who wants to pay $500k for a 20 year old house, when you can have a new Tole Bros house built for the same price/sf?

[slow99]

who wants to pay $500k for a 20 year old house, when you can have a new Tole Bros house built for the same price/sf?

Toll

[ceyko]

Van Alstyne seems to be growing, wish everyone would stay away.

[Tremor14]

Toll

correct, my sister just bought one.

[46Tbird]

The east Fort Worth 'hood is doing well. My neighbors just sold their house over asking. They got $20/sf more than I paid this time last year, and I also paid over asking price.

[Broncojohnny]

A huge amount of this activity is driven by foreign money. It will be interesting when the money flows the opposite direction.

[Roscoe]

Frisco is still doing "ok" from the houses for sale that I've seen. I think too many are greedy and are asking way too much for their houses, hence the stagnant sales. If it's priced right, it goes fairly quickly.

As much as it pains me to agree with Rodney, realtors have told me the same thing when I was thinking of selling and cashing out for a bit.... Wait until the Plano companies relo + Jerryville, and you can add other 20% to your price when 50k+ people all want to move here at once.

[Tremor14]

It hurts so good, dont it!

[Broncojohnny]

Frisco is still doing "ok" from the houses for sale that I've seen. I think too many are greedy and are asking way too much for their houses, hence the stagnant sales. If it's priced right, it goes fairly quickly.

As much as it pains me to agree with Rodney, realtors have told me the same thing when I was thinking of selling and cashing out for a bit.... Wait until the Plano companies relo + Jerryville, and you can add other 20% to your price when 50k+ people all want to move here at once.

My only problem with that idea is the amount of empty land on the north and east sides of Frisco. Also on Plano parkway going out towards The Colony. Much of that can be rezoned as residential. I am thinking that much of that price increase is already baked in because new houses will act as a cap and keep the market from going higher.

[Swamp Donkey]

Van Alstyne seems to be growing, wish everyone would stay away.

Same with Caddo Mills...

[Gasser64]

In my neighborhood (the only thing I bother to pay attention to) they seem to sit for about 2 months. But I'm in cleburne, nothing to see here.