Prosper, TX Real Estate News

By John Pohly, Builder Coupons
(Builder Coupon LLC)
We all knew it would happen, real estate in Prosper Texas near HWY 380 is now officially on fire!Last week the searchMLS.TV tour visited several communities around Prosper and Frisco and it is happening! While California and Florida are in a declining real estate market, several communities along Highway 380 continue to show strong signs of real estate appreciation.Artesia is our pick of the week. Centex is bold to develop a mega community with all of these amenities in Prosper. They are planning about 1500 total homes over the next several years. So far, Centex is the only builder in the community and at the pace that they are closing homes it may stay that way. The location of Artesia provides easy access to Highway 380, Highway 289 Preston Road, and the Dallas Parkway (tollroad). Fri...
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Just over the past 30 days, we have moved into an additional 5 submarkets in Texas. We added to our team with our first virtual agent. She will be the first impression of searchMLS.TV to our clients for over 20 of our city web pages.Get our Market Reports, Our Newsletter, and Search the MLS for new homes, used homes, and foreclosures in D-FW! Our own internal survey shows that viewers of searchMLS.TV are 247% more educated that the average real estate consumer.Do not forget, we also offer stylish clothing! ↑ Grab this Headline Animator
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By Ted C. Blanchard
(DFW Home Search- an AXS Realty Company)
A good quarterback knows how to head fake the opposing team. He looks in one direction to make the defense think he’s going to throw that way, then runs or throws the ball the other way. The financial markets and the Fed learned this past week that they had been taken in by this old trick. Early last month, when the August employment data were released, they showed a decline of 4,000 jobs nationally. An outright decline was a bit of a surprise, but people didn’t question the number. Hey, the subprime market had just imploded, the money markets were struggling to prevent a total melt-down, and mortgage companies were dropping like flies. It was reasonable to believe that the overall economy and employment picture might be taking a downward turn, too. But last week, we learned that it was...
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By Ted C. Blanchard
(DFW Home Search- an AXS Realty Company)
I am sure by now everyone knows the Federal Reserve on Tuesday sliced one-half a percentage point off the federal funds rate, cutting it to 4.75 percent from 5.25 percent. It also cut its discount rate by the same amount, also bringing it to 5.25 percent. I think the big question on home buyer's mind right now is will we see lower interest rates in the near term? So far this week the mortgage rates have actually crept up. According to many enconmists, the rate cuts could be a mixed blessing for home buyers because of fear of inflation worries seen by many investors on Wall Street. I think in the near term we are unlikey to see any big movements downward in the mortgage rates unless we keep seeing more weakness in the national economy. Jobs and consumer spending numbers in the coming wee...
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By Ted C. Blanchard
(DFW Home Search- an AXS Realty Company)
Home Builders Association Brings First Green Built Parade of Homes™ to North Texas Home Builders Association Brings First Green Built Parade of Homes™ to North Texas ‘Green’ Event Runs September 22 – October 7 DALLAS – August 7, 2007-- The Home Builders Association of Greater Dallas (HBA Dallas), one of the largest local home builders association in Texas, today announced that it will be hosting a Green Built Parade of Homes event – the first of its kind in North Texas. The Green Built Parade of Homes will consist of resource-efficient, ‘green’ homes, showcasing the construction guidelines set forth by the HBA's Green Built North Texas program. These guidelines address strategies for improving energy efficiency, water efficiency, indoor air quality, material usage, site management, was...
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By Ted C. Blanchard
(DFW Home Search- an AXS Realty Company)
Friday's jobs report puts Texas mortgage rates in free-fallNot since the first quarter of this year have we seen rates dip below 6%. Well, it happen on Friday and continues today. Mortgage rates were in a free-fall on Friday after news of an outright decline in August payrolls and downward revisions of the June and July employment reports. This was the first reduction since August 2003 and put a further fear of economic recession into Wall Street.How much will the Federal Reserve cut interest rates?This news drove the Dow Jones industrial average down 250 points (or 1.9%), while the NASDAQ followed suit with a similar decline. The combination of this negative economic news, declining consumer confidence, a weak housing market and a painful credit crunch (rising mortgage defaults) will ...
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By Ted C. Blanchard
(DFW Home Search- an AXS Realty Company)
Market Report for Prosper, TX - August 2007Residential - ActiveHomes for Sale255Average List Price$474,410Average Market Time115 DaysAverage Square Ft.3647Residential - PendingHomes Under Contract23Average List Price$308,943Average Market Time109 DaysAverage Square Ft.2784Residential - Sold August 2007Homes Sold28Average List Price$294,217Average Sold Price$286,944Average Market Time84 DaysAverage Square Ft.2956% of List Price97.5% If you have any questions about or would like to know the market conditions for your specific area or neighborhood, please visit http://www.tream.us/ or email me at ted@tream.usData provided by NTREIS * All information deemed reliable, but not guaranteed
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Top North Texas Real Estate and Mortgage Professional Earns EcoBroker® Certified Designation Ted Blanchard of Texas Real Estate and Mortgage (TREAM) earns EcoBroker designation. Buyers and sellers are encouraged to contact Ted Blanchard for information on the Energy Efficiency, "Green," comfort and health-related features of homes and buildings. Prosper, TX (Active Rain) September 07, 2007 -- Ted Blanchard of Texas Real Estate and Mortgage (TREAM) , has earned the EcoBroker® Certified designation, having successfully completed a unique and informative training program on the energy and environmental issues that affect real estate transactions. Ted Blanchard joins the movement of professionals pushing the real estate market toward energy-efficient, sustainable, and healthier design/feat...
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By John Pohly, Builder Coupons
(Builder Coupon LLC)
Keller Williams Realty is proud to announce John Pohly has recently joined the Denton office. John has over 5 years experience working with National Builders (Ryland Homes and Meritage Homes) in the capacity of marketing, sales management, and project management. He has created a new way of home shopping that combines the traditional MLS (Multiple Listing Service) with builder research, press releases, and construction and development stories for the state of Texas."I really enjoy real estate. It is very rewarding to help families find the right town in TX with the perfect home to meet their lifestyle needs." -John PohlyJohn Pohly's new invention for real estate is called XMLS and it has 3 parts.1. Buyers can use our website called http://www.searchmls.tv/  to find a new or used home in...
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By John Pohly, Builder Coupons
(Builder Coupon LLC)
I grew up in a town called Richardson, Texas so I guess I was born into part of my life around real estate covering the Highway 289 Expansion north over the past 3 decades in D/FW. Before Richardson, there was University Park and Highland Park.30 Years ago Highland Park located near Preston Road was a real estate location for the rich and famous of Dallas and the first true self-contained suburb of Dallas. On an interesting side note, Highland Park was declined by Dallas in 1913 when the town requested annexation. As years passed Dallas regreted their earlier decision to refuse annexation of Highland Park. From 1915 to 1945 a controversial number of court battles ensued. Dallas was unsuccessfully in their attempts at annexation. Dallas did however successfully annex all of the land to t...
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By Loreena and Michael Yeo, Real Estate Agents
(3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)
Highland Meadows is a beautiful acreage community in growing Prosper. If you are looking for land of at least one-acre, Highland Meadows is what you are looking for. The houses are fairly new (built after 2001-02) and mostly by Custom Builder Dave R. Williams.Highland Meadows is located just south of FM 1461 off SH 289 (Preston Road). The homes have typical traditional brick and stone elevation, some with front porches and lots of trees. The homeowners take ride in their lush landscapes.Homes are typically over 3,000 square feet with deep backyards. The houses have up-to-date features: media or gameroom, large kitchen with island, granite, beautiful backsplashes and most family rooms overlook the beautiful large backyards.Highland Meadows have a low Homeowner Association dues. At the ti...
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By John Pohly, Builder Coupons
(Builder Coupon LLC)
I am predicting that Prosper, Texas will make next year's top 20 fastest growing towns in the U.S. Find out why at http://xmls.typepad.com and learn about more top real estate markets around TX. Search the MLS!Learn more about Prosper, and search the MLSGet our daily updates of builder inventory along the Highway 380 Corridor ↑ Grab this Headline Animator
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By Tina Howell, Little Elm & Frisco Area Real Estate
(RE/MAX DFW Associates VI)
Market Report for Prosper, Texas . . . a HEALTHY market in January 2007 ProsperIn January of 2007, the median price of a single-family Home for Sale in Prosper was $275,000. The median price is the point where half of all houses are more expensive and half are cheaper.  Median home prices are generally a better indicator of home price trends than mean, or average, home prices.Sales volume in Prosper remains steady, with 12 home sales closed in January.  Most sales activity is occurring in the price range of $250,000 to $300,000.  Additionally, sellers are receiving an average of $107 per square foot and their homes are selling for 94% of list price. During the cold & hectic month of January, the average time for a home on the market in Prosper was 76 days (5 days less than Prosper's pop...
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By Tina Howell, Little Elm & Frisco Area Real Estate
(RE/MAX DFW Associates VI)
In December of 2006, the median price of a single-family home in Prosper increased, from the same period last year, by 15.5 percent to $306,040. The median price is the point where half of all houses are more expensive and half are cheaper.  Median home prices are generally a better indicator of home price trends than mean, or average, home prices.Sales volume in Prosper is also on the rise, with 19 home sales closed in December, an increase of 9 homes compared to the previous month.  Most sales activity is occurring in the price range of $275,000 to $350,000.  Additionally, sellers are receiving an average of $101 per square foot and their homes are selling for 98% of list price. The average time for a home on the market in Prosper has decreased to 64 days.  Prosper remains a strong ma...
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