469-582-0282
RE/MAX DFW Associates VI 8100 Dallas Parkway #200 Plano, TX 75024
Each office independently owned and operated
C ynthia F owler
RE/MAX Hall of Fame REALTOR®, ABR, SRS, SFR, I.R.E.S RE/MAX DFW Associates VI
T he H omestead at C arrollton
214-803-3452
CynthiaFowler@remax.net www.TheHomesteadHomes.com
Holiday Real Estate Market Update
The Market is Abnormally hot Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurricular activities and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.
Why is Homebuying Taking Off Now?
How the Pandemic Shaped the Market
Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?
Experts agree, the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?
Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.
Headlines have suggested that people are leaving dense urban centers to buy houses in the suburbs where land is plentiful and their neighbors are not within six feet.
Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.
Regardless of where you live, extra space is commanding buyer interest. The prospect of permanently working from home and schools requiring remote learning has caused homebuyers to reevaluate how much room they need. Even after the coronavirus is contained, there will still be people who continue to work from home.
“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”
R eal E state M arket R eport | D ecember 2020
Prepared Especially for Jonathan-Thomas and Angela-Marie Washington
—Danielle Hale, Realtor.com economist
Presented by Cynthia Fowler
Jonathan-Thomas and Angela-Marie, This is the perfect time of year to take advantage of these unique market and historic conditions; don’t miss this opportunity! Please call me today at 214-803-3452 to receive a personal market analysis.
RE/MAX DFW Associates VI The Homestead’s Top-Producing Agent RE/MAX Hall of Fame D Magazine - 2020 Best Real Estate Agent
by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff. | Vecteezy.com
C ynthia F owler
HAPPY
RE/MAX Hall of Fame REALTOR®, ABR, SRS, SFR, I.R.E.S RE/MAX DFW Associates VI
DAY
214-803-3452
It is such a pleasure helping my Homestead at Carrollton neighbors with their real estate needs. No Thanksgiving would be complete without me thanking those who make my job so special.
CynthiaFowler@remax.net www.TheHomesteadHomes.com
The Homestead’s Top-Producing Realtor Every Year Since 2015!
The Homestead At Carrollton
3
ACTIVE HOMES!
Current Market Activity - Past 10 Months At-A-Glance
Jonathan-Thomas and Angela-Marie, There are currently three homes available in The Homestead at Carrollton. I still have buyers waiting and looking for specific homes and floor plans in The Homestead! PLEASE CALL ME AT 214-803-3452 FOR MORE DETAILS.
T he H omestead H omes C urrently L isted Status
Address
Bedrooms
Baths
Estimated Square Feet
List Price
List Date
Active
1708 Ivy Lane
4
2.1
2,661
$414,000
10/10/20
Active
3801 Morning Dove
4
3.1
3,070
$420,000
10/02/20
Active
1749 Auburn Drive
4
3.1
3,358
$430,000
07/29/20
Bedrooms
Baths
Estimated Square Feet
List Price
List Date
T he H omestead H omes C urrently P ending Status
Address
Pending
1809 Pecan Grove
3
2.1
2,617
$392,000
09/15/20
Pending
1818 Pecan Grove
3
3.0
2,796
$399,999
09/05/20
Pending
1718 Pecan Grove
4
4.1
3,666
$499,900
09/26/20
T he H omestead H omes S old
in
T he L ast 5 M onths
On Average, Homes are Selling for 100% of Asking Price.
Bedrooms
Baths
Estimated Square Feet
List Price
Sold Date
Days on Market
3820 Morning Dove
3
2.0
1,969
$345,000
10/29/20
3
1706 Pecan Grove
5
4.0
3,920
$549,950
09/22/20
4
Sold
1702 Orchard Lane
3
2.0
1,985
$350,000
08/10/20
11
Sold
1746 Ivy Lane
3
2.1
2,472
$385,000
07/06/20
40
Sold
1736 Auburn Drive
3
2.0
2,096
$364,900
06/26/20
18
Sold
1807 E Branch Hollow Drive
5
3.1
3,899
$500,000
06/24/20
83
Sold
1822 Pecan Grove
4
2.0
2,117
$374,900
06/17/20
7
Status
Address
Sold Sold
Cynthia Fowler and RE/MAX DFW Associates are not in any way affiliated with The Homestead at Carrollton Owners Association, nor is this in any way an official advertisement or publication of The Homestead at Carrollton. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NTREIS between June 10th, 2020 and November 10th, 2020. Listings and sales may not be those of RE/MAX DFW Associates. The NTREIS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Active
Pending
Sold
Average Active List Price: $421,333 Average Sold Price: $408,143 Average Days on Market (Solds): 24 Days © 2020 Google
A visual representation of the data on the left. For more information, call me today.
Let Me Help You Achieve Success! SOLD FOR 100% OF ASKING PRICE IN JUST 3 DAYS, MULTIPLE OFFERS! 3820 Morning Dove | 3 Beds | 2 Baths 1,969 Square Feet | 0.15 Acre Lot Jonathan-Thomas and Angela-Marie, Let me help you achieve the same exceptional results for you like I did for these clients. Please call me at 214-803-3452.