lower greenville homes: Lower Greenville December 2008 Market Update
- 01/12/09 04:29 AM
The Big Picture. Things are pretty good here on Lower Greenville. Despite the dismal economic news, interest rates are good, prices are mostly holding and homes are selling. Even though Dallas saw a 35% decline in home sales in November compared to November 2007, our neighborhood faired well for the most part. Lot purchases continue to be non-existant and new development condos are moving slower than the developers would like, but the mainstay of our area, the older single family homes, are still moving. Original Homes: Inventory was reduced considerably in Dec. for the older original homes from 107 to 89 bring us down to … (0 comments)
lower greenville homes: Lower Greenville Market Update for November 2008
- 12/01/08 08:52 AM
WIN SOME, LOSE SOME. October was a pretty tough month for Lower Greenville. At the end of the month there were a lot of homes under contract looking to close in November, so hope remained. The good news is that those homes did in fact close. Not as many as July, but pretty good for a November. On the downside, lot values are not looking good. Could this be a bubble? Stay tuned.... Original Homes: The smaller, original homes are the strongest part of the market here. They comprise the most sales, fetch the highest $/sqft and are generally what people … (1 comments)
lower greenville homes: Lower Greenville Market Update for October 2008
- 11/04/08 08:22 AM
LIFE GOES ON. As expected, the trifecta hit the market this month. A Wall Street disaster, the State Fair in town and an election looming have all factored into a really slow October. The inventory remained about the same, but the number of sold properties this month was about half of that in September. The Good News: lots of homes are under contract right now and November should be a good month, back on track. Original Homes: No real changes this month to inventory or Days on Market. Only 11 homes sold out of 136 listed, reflecting the general October slowness. But baby, the … (2 comments)
lower greenville homes: Lower Greenville Market Update for September 2008
- 10/14/08 05:47 AM
Between hosting a party for 800 at National Night Out and trying to celebrate a birthday, I'm running a little late getting this month's update posted! The frightening economic meltdown happened after October 1 so the number's in this report do not reflect any impact to the market from that. We may see some impact in October's report. October should be a double whammy: not only the economic turmoil, but the fair is in town which every year puts a muzzle on real estate activity. Days on Market continues to be high in all parts of town and Lower Greenville is no … (0 comments)
lower greenville homes: National Night Out Comes to Lower Greenville
- 10/01/08 06:16 AM
For several years now, the neighborhoods of Lower Greenville have held celebrations of National Night Out. As the LGNA Crime Watch coordinator, I've helped organize this event since the begining. I'm a big beleiver in neighborhood building and these events are a great opportunity for neighbors to mingle and talk about things going on in thier neighborhood. This year, the National Association of Town Watch, the national organizer, allowed us to move the event from the sweltering heat of August, to October 7th, a much more managable date for those of us in Texas. So this year promises a much … (0 comments)
lower greenville homes: Lower Greenville Market Update for August 2008
- 09/05/08 09:22 AM
The biggest news continues to be in the new construction part of our market. For those "old home" owners (homes built before 1975), prices are up, , days on market are down, inventory is down and the numbers are actually looking pretty balanced. Hopefully you know that Dallas has been doing much better than the national averages in terms of the housing slump. Its nice to see the old homes that are the backbone of the neighborhood holding their value. Original Homes: Looking at this August snapshot, the market looks to be ideal for old homes owners. The average price is … (1 comments)
lower greenville homes: 2 + 2 = 3 at Dallas City Hall
- 08/12/08 01:07 PM
I just returned from 3 very long hours at Dallas City Hall. Today's topic was the Board Of Adjustments Hearing regarding a property recently built at 6159 Oram. Yea, that one. The four story building that was illegally built in a residential neighborhood using a ridiculous loophole in Dallas' building code that only a syphalitic moron could think was the intent. (Hello, Mr. Richmond?) So after listening to some crazy people arguing over killer dogs, front yard fences and video cameras for 2 hours, we finally got to the case on Oram.
Dallas building code is simple and straight forward. In … (1 comments)
lower greenville homes: Lower Greenville July 2008 Market Update
- 08/12/08 11:36 AM
As of July 2008, the market is looking pretty good for us old house owners, ok for new construction owners but not so great for those living in or holding on to tear downs. One thing I always have to explain to people is that "the market is down (or up)" means two very different things. What they mostly want to know is "Is the value of my house up or down?" But what about the question "How many homes are selling?" Right now we are in a strange place where the number of homes being sold is down, way down … (0 comments)
The Big Picture. Things are pretty good here on Lower Greenville. Despite the dismal economic news, interest rates are good, prices are mostly holding and homes are selling. Even though Dallas saw a 35% decline in home sales in November compared to November 2007, our neighborhood faired well for the most part. Lot purchases continue to be non-existant and new development condos are moving slower than the developers would like, but the mainstay of our area, the older single family homes, are still moving.
;)
;)
