Here is some additional information that was not sent out in my Twin Creeks Newsletter. By the way, if you do not receive my Twin Creeks Newsletter in the mail, please let me know at michellesellsdallas@gmail.com.
List price to sales price ratio: Even with this changing market we are in, the list price to sales price ratio has remained relatively consistant. The typical seller in Twin Creeks came 3% off of their final list price, once they receive an offer, in 2007. This is not to say that some sellers do not have to reduce their price in the first place to receive an offer. This statistic is based on FINAL SALES PRICE, not ORIGINAL SALES PRICE.
Days on market: My "State of the Union" report stated that the average days on market for 2007 was 115, and that was up from 82 in 2006. Remember, in 2006, the MLS did not show "Cumulative days on market", only current days on market with current listing agent. Also, the MLS only started showing "Cumulative days on market" in July of 2007, so those are not statistics for the entire year. So, that is one reason the days on market is higher in 2007 over 2006.
Good News: Even though we are only a few weeks into January, showing activity has already started to pick up in Twin Creeks. I have heard 2008 Dallas/Ft Worth real estate predictions that this will be a "good" year, it won't be a "great" year. (Remember it is an election year.)
If you read one of my previous blogs, you may remember that I mentioned that February is our "indicator" month. Twin Creeks relies on relocation buyers moving to town. February is typically that month where the relocation buyers start coming into town to interview, check out the area, etc. So, if we have a good showing month in February, we should have a good spring and summer selling period. I'll keep you informed........
Again, if you have any questions about the marketplace in twin Creeks, do not hesitate to email or call me: michellesellsdallas@gmail.com or (972)731-1222.
Saturday, January 19, 2008
Twin Creeks Allen Texas State of the Union, 2007
The State of the Union for Twin Creeks, 2007
By: Michelle Musick Jones, Twin Creeks Resident
Coldwell Banker Residential Brokerage
Following is a breakdown of activity in Twin Creeks for the year 2007. Please feel free to call me at any time if you need specific comparables to your own personal home. I will be happy to provide a CMA to you at any time. I viewed most of the 143 homes that sold in 2007, and I try to keep updated on all active listings in Twin Creeks at all times.
All of the information provided below and on all of my monthly reports includes preowned homes only. There is no new home information included, because when you resale your home, only preowned homes are used as comparables. I pull up the same information, the same way, every month for your update. I include all homes in Twin Creeks, The Vistas and Raintree Estates. This information is taken from the Dallas/Ft. Worth Multiple Listing Service (NTREIS) and was dated January 9, 2008.
The average sales price in Twin Creeks in 2005 was $324,109. (This is down from $326,012 in 2004.)
The lowest sales price was: $175,000.
The highest sales price was: $780,000.
The average days on market in Twin Creeks in 2005 was 64. (down from 74 in 2004.)
The shortest days on market was 1.
The longest days on market was 294.
The average price per square foot in Twin Creeks in 2005 was $101.01. (This was up from $97.53 in 2004.)
The lowest price per sq. ft. was $75.40.
The highest price per sq. ft. was $157.16.
There were 143 resales in Twin Creeks in 2005. (Up from 138 in 2004.)
Price Range: Number of Sales:
$175,000 - $199,999 9 (down from 10 last year)
$200,000 - $249,999 28 (up from 21 last year)
$250,000 - $299,999 25 (down from 34 last year)
$300,000 - $349,999 34 (up from 28 last year)
$350,000 - $399,999 18 (up from 17 last year)
$400,000 - $449,999 16 (up from 10 last year)
$450,000 - $499,999 7 (down from 10 last year)
$500,000 - $799,999 6 (down from 8 last year)
Of the 143 resales in Twin Creeks in 2005, Michelle Musick Jones was #1 for the fifth year in a row, for listings sold. For fast results and a successful marketing program, call the Michelle Musick Jones team.
By: Michelle Musick Jones, Twin Creeks Resident
Coldwell Banker Residential Brokerage
Following is a breakdown of activity in Twin Creeks for the year 2007. Please feel free to call me at any time if you need specific comparables to your own personal home. I will be happy to provide a CMA to you at any time. I viewed most of the 143 homes that sold in 2007, and I try to keep updated on all active listings in Twin Creeks at all times.
All of the information provided below and on all of my monthly reports includes preowned homes only. There is no new home information included, because when you resale your home, only preowned homes are used as comparables. I pull up the same information, the same way, every month for your update. I include all homes in Twin Creeks, The Vistas and Raintree Estates. This information is taken from the Dallas/Ft. Worth Multiple Listing Service (NTREIS) and was dated January 9, 2008.
The average sales price in Twin Creeks in 2005 was $324,109. (This is down from $326,012 in 2004.)
The lowest sales price was: $175,000.
The highest sales price was: $780,000.
The average days on market in Twin Creeks in 2005 was 64. (down from 74 in 2004.)
The shortest days on market was 1.
The longest days on market was 294.
The average price per square foot in Twin Creeks in 2005 was $101.01. (This was up from $97.53 in 2004.)
The lowest price per sq. ft. was $75.40.
The highest price per sq. ft. was $157.16.
There were 143 resales in Twin Creeks in 2005. (Up from 138 in 2004.)
Price Range: Number of Sales:
$175,000 - $199,999 9 (down from 10 last year)
$200,000 - $249,999 28 (up from 21 last year)
$250,000 - $299,999 25 (down from 34 last year)
$300,000 - $349,999 34 (up from 28 last year)
$350,000 - $399,999 18 (up from 17 last year)
$400,000 - $449,999 16 (up from 10 last year)
$450,000 - $499,999 7 (down from 10 last year)
$500,000 - $799,999 6 (down from 8 last year)
Of the 143 resales in Twin Creeks in 2005, Michelle Musick Jones was #1 for the fifth year in a row, for listings sold. For fast results and a successful marketing program, call the Michelle Musick Jones team.
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