Has the Hot Real Estate Market in Dallas Slowed Down? (Plano: home, neighborhood)

[jdallas]

anything over half a million opens up options in Richardson more so than the quarter million range. In Plano, though, pretty much every mcmansion on a 30 ft lot seems to be pushing $500k.
From my experience, if it's listed on redfin and shows more than 5 days on the market, there's some compelling reason why it isn't under contract.

[Funtastic44]

Originally Posted by lynnylo

What about the "higher end" houses around 550k-700k? I see a lot of them on Redfin and Trulia. Is it also that difficult to buy something in this price range?

Anything above 500k takes time in blurbs, specially if its priced higher.

[lynnylo]

Originally Posted by Funtastic44

Anything above 500k takes time in blurbs, specially if its priced higher.

Hmmmm...google told me that "blurbs" means something like creative work or advertisement? So the more expensive houses stay longer on Redfin and Co. cause they need more time to advertise them?

I thought it's just about supply and demand.

[Funtastic44]

Originally Posted by lynnylo

Hmmmm...google told me that "blurbs" means something like creative work or advertisement? So the more expensive houses stay longer on Redfin and Co. cause they need more time to advertise them?

I thought it's just about supply and demand.

lol meant to type burbs but iphone's auto correct changed it to blurb ...it takes longer on average as their aren't as many buyers in luxury home market as in utility home market market ... getting approved isn't as easy as it used to be

[BigDGeek]

Originally Posted by jdallas

anything over half a million opens up options in Richardson more so than the quarter million range. In Plano, though, pretty much every mcmansion on a 30 ft lot seems to be pushing $500k.
From my experience, if it's listed on redfin and shows more than 5 days on the market, there's some compelling reason why it isn't under contract.

We don't really have McMansions in most of Richardson.

Moderator cut: Argumentative

[frenzyrider]

Originally Posted by BigDGeek

We don't really have McMansions in most of Richardson.

Seriously? In my numerous visits to places around Main street east of 75, they are nothing but remnants of cookie cutter homes all over the place from yester years. Sure they have mature trees now but they clearly resemble the McMansions of the past era of double digit interest rates.

[BigDGeek]

Originally Posted by frenzyrider

Seriously? In my numerous visits to places around Main street east of 75, they are nothing but remnants of cookie cutter homes all over the place from yester years. Sure they have mature trees now but they clearly resemble the McMansions of the past era of double digit interest rates.

I don't know where you're seeing these McMansions in that area.

[thatdood]

There are a lot of nice homes in Richardson but what I mostly see are older established homes. Maybe this is because Richardson has been built up for some time now. The yards are much more mature than where I live in the Murphy/Wylie areas but my guess is a lot of them are also outdated on the inside.

[BigDGeek]

Originally Posted by thatdood

There are a lot of nice homes in Richardson but what I mostly see are older established homes. Maybe this is because Richardson has been built up for some time now. The yards are much more mature than where I live in the Murphy/Wylie areas but my guess is a lot of them are also outdated on the inside.

Some are, some aren't.

[TX75007]

The house just down the street from us was sold in a week.