McKINNEY - Median new home prices in North Texas are running about $285,000 — but sharp increases in land and construction costs in the DFW area are pushing new home costs above $300,000 in many neighborhoods.
The supply of finished new houses in the McKinney area is near a record low with only about 2,700 available for immediate move-in.
The shortage of both new and preowned homes is causing residential property costs to soar in North Texas — Dallas-area home prices were up 8.7 percent in July from 2014 levels, according to a new Standard & Poor's/Case Shiller Home Price Index.
The land rush this week to buy houses in McKinney probably will not be repeated across the region, said Ted Wilson with housing analyst Residential Strategies Inc. The strategic location of the McKinney community and the price of the homes caused buyers to line up, he said.
Preowned homes in the Dallas area are selling in less than 40 days on average and at between 96 percent and 100 percent of asking price, data from real estate agents shows.
For more information about real estate and the DFW market, please visit my site at www.northtexasheroes.com
Author:HGR LEADS Phone: 214-239-1889 Dated: October 12th 2015 Views: 516 About HGR: ...
We understand that for many people, buying or selling a home is probably the largest investment decision that they will make in their lifetime. Halo Group Realty LLC thus became active in selling Real Estate in 2008 and was setup to make this process a simple and painless transaction. Your dedicated agent will guide you every step of the way to make purchasing or selling your home enjoyable and exciting… as it should be!
Today, Halo Group Realty LLC is at the cutting edge of technology in offering assistance to those in need of real estate services, and we have revolutionized the method of delivering education to consumers. Halo is established as the place for consumers to get the knowledge and assistance they deserve in the process of facilitating the Real Estate transaction, positioning you in the best possible situation to get the best price when you either to buy or sell. With leadership, innovation and forward thinking, Halo Group Realty, LLC is poised to make a huge impression in the real estate market while providing clients the keys to home ownership.
Our goal is to help make your dream a reality and take away all of the stress that goes along with purchasing or selling your home. Whether you are purchasing new construction, an existing home, or just an open space for future enjoyment, representation by a Halo agent is a valuable tool in making your dream become a reality.