Browsing the archives for the Lakewood category.

Big Tex

City of Dallas, Dallas Culture, Dallas Pride, East Dallas, Lakewood, Neighborhood Events

State Fair of Texas

Today is the OPENING DAY of the Texas State Fair.  It is time for corn dogs and waffle cones, midway games and carnival rides, live music and live stock.  Big Tex has a new look and some new moves – It’s been reported he winks at you.  I’m looking forward to great weather and good times this year.

An estimated 3 million people attend the Texas State Fair and bring nearly $350 Million to the Dallas economy.  Plan on spending some money on the midway, but remember there are a lot of free events too.

And if you want to know how to save some money on your tickets, check out Culture Map Dallas with every discount imaginable.

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Happy New Year!

City of Dallas, East Dallas, Economic Outlook, Home Buyers, Home Sale Statistics, Home Sellers, Investors, Lakewood, Real Estate, Real Estate Finance

Happy New Year to all! The year 2013 was one of continuous growth, both for our company and the Dallas Economy.   In 2013 the Texas economy continued to outperform the national average.  On an annual basis, Texas jobs increased by 2.5% in 2013.   This population growth, fueled by the robust job market, spurred an increase in home sales and helped drive prices up.

In 2013 the Dallas median sales price increased by +15% from $147,000 to $170,000.   According to NTREIS data, in the 75214 zip code where the average sold value is $472,000,  40 homes sold in December 2013, at an average SOLD price of $185 sq foot.  This was a 2.7% increase in $/sq ft, year over year.

As the Dallas economy thrived, Campagna and Associates picked up the pace to keep up with the booming market.  We added a new office manager, Sharon Boland, whose exception organizational and planning skills, and fabulous sense of humor, keeps are office running smoothly.

In 2013 we helped a number of people, buy, sell and lease property. The selling season began earlier in the spring and lasted longer into the summer. It was a year of multiple offers, offers above list price, and “hip” pocket listings.  While a great deal of our business in the Lakewood, M-Street, White Rock Lake and Lake Highlands areas of East Dallas, we also helped a number of clients in Collin County, including Wylie, Sachse and Plano. As the population continues to grow, the popularity of suburban areas will continue to gain more attention, and our business will continue to meet the needs of our clients.

So what should we expect in 2014? I predict the strong economy and job market, will continue to promote DFW as a great city for new business opportunities and an affordable housing market will make DFW a top destination for relocation.  The population growth will continue to drive up home prices and sales activity and 2014 will be just as busy if not better.

If you are looking to buy or sell a home in the DFW area, it is important to connect with an experienced Real Estate Agent.  We are here and committed to helping you reach your financial goals for 2014. Here is wishing you and yours health, happiness and prosperity in the New Year!

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March 2013 East Dallas Real Estate Market Review

City of Dallas, East Dallas, Economic Outlook, Home Buyers, Home Sale Statistics, Home Sellers, Lakewood, Real Estate

 

Below are the March 2013 Single Family Home statistics for East Dallas (MLS Area 12)

East Dallas: 218 single family homes sold which is a 5.3 % increase from March 2012. The Median Sale Price of $250,00  is a 12.1% increase  from March 2012. The average days on market is recorded as 57, reflecting a 45.6% decrease. The amount of inventory is 2.6 months, reflecting a 54% decrease from March 2012.

75214: Single Family Closed Sales: 64, which is a 1.6% increase from March 2012. Median Sales Price was $337,500 showing a 10.0% decrease from March 2012.  And a decreased average of 34 Days on Market, down 54.9%.

Price Range: $158,000 – $850,000

Below $200,000: 3 closed sales

$240,000 – $299,000: 22 closed sales

$300,000 – $399,500: 20 closed sales

$405,000 – $499,000: 4 closed sales

$510,000 – $595,000: 5 closed sales

$679,000– $850, 000: 10 closed sales

75206:  Single Family Closed Sales March 2013: 36, which is 23.3% increase from March 2012. Median Sales Price was $322,000, showing a 2.5% decrease from Jan 2012. The average days on market decreased 68.4% to 50 DOM.

Price Range: $164,000 – $740,000

$164,000 – $198,000: 2 closed sales

$222,500 – $299,900: 11 closed sales

$312,500 – $399,995:  8 closed sales

$400,000 – $585,00:  9 closed sales

$509,000 –  $537,000:  4 closed sales

$656,00  – $740,000: 2 closed sales

If you don’t see your zip code included above and would like to know what home values are doing in your neighborhood, please feel free to email me at: Franceanna@CampagnaRealtors.com

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January 2013 East Dallas Real Estate Market Review

City of Dallas, East Dallas, Economic Outlook, Home Buyers, Home Sale Statistics, Lakewood, Real Estate

The Dallas Morning News reported that the Dallas-Fort Worth area hit a record high in 2012, and that D-FW home sale prices were up 7.5% from fourth quarter 2011.

The real estate market right now in Dallas is definitely a seller’s market.  Low inventory, multiple offers, and a frenzy of showings indicates that the supply level right now can’t keep up with the demand.  However, the averages don’t reflect the market as a whole.

 

Below are the January 2013 Singe Family Home  statistics for East Dallas.

East Dallas: 142 single family homes sold which is a 58% increase from January 2012.  The Average Sale Price of $216,057 Price was down 9% from Jan 2012.  The average days on market as 84, reflecting a 9% decrease.  The amount of inventory 2.5, reflecting a 53% decrease from Jan 2012

 

75214:  Closed Sales: 24, which is a 20.7% decrease from January 2012.   Median Sales Price was $324,000 showing a 6.2% decrease. And an increased average of 128 Days on Market, up 12.7%.

 

PriceRange: $160,000 – $1,079,000

 

Below $200,00:               2 closed sales

$215,000 – $282,000:     8 closed sales

$305,000 – $383,500:     7 closed sales

$420,000 – $675,000:     5 closed sales

$950,000 – $1,079,000:  2 closed sales

 

75206: Closed Sales: 22, which is 175% increase from January 2012. Median Sales Price was $358,125, showing a 2.4% decrease from Jan 2012.  The average days on market decreased 28% to 91 DOM.

 

PriceRange: $170,000 – $665,000

 

$170,000 – $285,000:     10 closed sales

$350,000 – $381,000:     4 closed sales

$409,000 – $468,000:     4 closed sales

$500,000 – $529,500:     3 closed sales

$685,000                         1 closed sale

 

If you don’t see your zip code included above and would like to know what home values are doing in your neighborhood, please feel free to email me at: Franceanna@CampagnaRealtors.com

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The New 3.8% Tax Rate

City of Dallas, Economic Outlook, Governmental Affairs, Investors, Lakewood, Multi-Family Property, Property Management, Real Estate, Real Estate Finance, Resources

Here is a report by the National Association of Realtors that explains the New 3.8% Tax Rate. When the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI.

To get you up to speed on the new tax legislation, the National Association of Realtors has prepared an informational resource. Click HERE to read.

As always, feel free to contact me with questions. You can also find more info on my website: www.CampagnaHomeSales.com

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Update from Campagna Property Management Services

Lakewood, Property Management, Real Estate

Written by Anthony J. Campagna, SR – Broker / Owner / Founder 

I wanted to give everyone an update on the personnel changes at our office. Matthew Hartmann, who had been with my company for 16 ½ years, has left us for another opportunity. Matt came to work with me on Labor Day weekend, 1995, and has been a valuable asset to my company. Matt has learned a lot about real estate and property management, but has decided to venture into the commercial end of the business.  I certainly appreciate all of the years of dedicated service to me and to my customers, my tenants and most importantly, my property owners such as you. We wish Matthew good luck in his new adventure and success in all of his endeavors.

To fill the void, I take great pride in presenting to you the newest asset to our company and our new property manager. He has been 23 years in the making and I have known him since the day he was born. My son, Anthony J. Campagna, Jr., is now my property manager for CAMPAGNA PROPERTY MANAGEMENT SERVICES.  Anthony graduated from Lake Highlands High School with honors and graduated from my alma mater, Texas Tech University, with a degree in political science. He has seen first hand the work and dedication it takes to perform this job well.

Initially, I think he was a bit overwhelmed with all of the information that was thrown his way, but with patience, guidance and some additional experience, he will grasp this opportunity and do a fine job. He graduated with “A” average from Texas Tech, has a Black Belt in Taekwondo and is a daily visitor to the gym. To say the least, he tries to be perfect in all his endeavors. I am sure you will find him to be diligent, personable and responsible. If he doesn’t know the answer to a question, he can always ask his “boss”!

Angela Mitchell is our illustrious office flight deck commander and bilingual and friendly front desk greeter. She maintains a great relationship with our tenants and helps them whenever possible.  Joe Monzingo is our most experienced leasing and sales agent.  Franceanna Campagna, President of the Dallas Chapter of the National Association of Residential Property Managers, is our liaison to our Property Management professionals, and a leasing and sales agent, as well as making her dad proud.   And last, but certainly not least, is my sister, Jo Trout. She makes certain that the leases are executed properly with all the forms being complete and correct. But most importantly, she monitors and pays the vendors and, of course, you, our owners, and verifies that all is correct with your monthly and yearly statements. With this crew working for you, you are in great hands.

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Why Realtors Support Proposition 2

City of Dallas, Governmental Affairs, Lakewood, Neighborhood Events, Resources

The following information is provided by TAR – The Texas Association of Realtors.

Do you like water? Then vote for Proposition 2

Proposition 2 saves taxpayer dollars on water projects needed by many communities. For example, it gives cities a lower-cost way to repair and replace water mains and to keep treatment plants from being overwhelmed.

How does Proposition 2 save money?
If Proposition 2 passes, communities can finance these much-needed projects through Texas Water Development Board bonds—a low-cost way to pay for them. Without Proposition 2, communities will be forced to finance these projects via alternate, more expensive methods.

What about the other propositions on the Nov. 8 ballot?
The Texas Association of REALTORS® has also endorsed Propositions 1 and 8. Proposition 8 extends a tax exemption to Texans who manage their land to conserve water and protect water quality. Proposition 1 would allow the surviving spouse of a 100% or totally disabled veteran to retain the disabled veteran’s property-tax exemption after the veteran is deceased/

Watch a video explaining why proposition 2 is good for Realtors:

Why we support Proposition 2 (Texas 2011)

 

 

 

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Economic Forecast 2012: What you need to know!

Home Sale Statistics, Investors, Lakewood, Real Estate, Real Estate Finance, Resources

Last week I attended an economic forecast presented by DFW MetroTex Board of Realtors.

 http://www.dfwrealestate.com/forecast2012presentations

Here’s what you need to know.  Economists predict moderate job growth for 2012.

We are in a unique recession.  In the past, economic recovery has been lead by the housing market.  However, due to high unemployment rates, a lack of consumer confidence, and continued credit contraction, the demand for housing remains low.  Unless congress creates the policies to encourage businesses to hire we will see at best modest job growth. It appears that major business investment decisions will be postponed until after 2012 election, resulting in sluggish job growth into the first quarter of 2013.

The good news: Texas as a whole has outperformed the national average.  We lagged into the recession.  While real estate values are location specific, DFW did not experience the boom and bust that affected the Sand States.  Our economy has continued to grow at a rate above national levels, and the projected job growth and expected increase in population is an indicator that we will lead in the national recovery.

Here’s the best news!  There has never been a better time to purchase Real Estate! Interest rates remain low.  FHA has first time home buyer programs allowing buyers to finance a home with 3.5% down.  And a high volume of foreclosures causes distress in the market place that will continue to affect sellers’ values and provide plenty of options to the deal seekers.

 

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Better Than Gold??

City of Dallas, East Dallas, Home Buyers, Home Sale Statistics, Lakewood, Real Estate

I think those who buy in the next 12 months are going to be celebrating five years from now and those who don’t are going to look back with regret.  All signs are pointing to a buy indication.  Forget gold, it has already peaked. Housing is the bargain investment! Take a look at the numbers for yourself.

WHY IS THIS THE BEST TIME IN HISTORY TO BUY A HOME??? Here are some Positive Trends for you to track…

1.   Rental vacancy rates are at their lowest since 2003 and still falling, which will drive up rents even faster than the 2-3 percent average annual increase predicted earlier this year. Moreover, with demand outpacing supply, the rent-to-buy equation is turning increasingly favorable in markets across the nation.

2.  National average home prices in June were still 7.9% below a year ago, which was the height of the boom spawned by the tax credit. However,prices are still up 4.1% over the first quarter. Those are the cautionary findings from Clear Capital’s second quarter report, which is based on data from fair market and REO transactions from recorder and assessor’s offices as well as market reports.

3.      The mortgage delinquency rate has fallen for the sixth consecutive quarter, reports TransUnion. The share of borrowers at least 60 days late on their payment fell to 5.82% this spring, compared to 6.67% a year ago.

4.      One of the biggest bright spots in the housing market is housing affordability which is near an all-time high in 2011 according to the National Association of Realtors. Falling prices have made homes affordable. The trade group’s affordability index measured the third-highest on record after the first quarter of 2011 and the fourth quarter of 2010. Record keeping began in 1970.

Contact us today for more information.

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Staying Cool in Triple Digit Dallas Heat

City of Dallas, East Dallas, Home Maintenance, Lakewood, Property Management, Resources

We are almost 2 months in to triple digit Texas temperatures with little to no relief in sight.   As  a property manager, the most common maintenance call we receive during this time of year is about the A/C unit NOT cooling.   One of the best tips I can give residents is to make sure you are changing your A/C Filter on a monthly basis (unless you are using a 3M filter).

The home warranty companies must also be receiving a high volume of A/C calls because I received these great reminders from Nations Home Warranty .  Many Thanks to those skilled technicians who keep us cool during this Texas Heat Wave.

AIR CONDITIONING EQUIPMENT INFORMATION

  • Air Conditioning systems are designed to produce a temperature split or a “Delta-T” on Home Inspection reports, between 15-22 degrees from inside the home measured before and then after the evaporator coil.
  • If the temperature split is higher than 22° or less than 15° that indicates that the air conditioning system should be serviced by a licensed HVAC company.
  • Achieving a temperature differential inside your home of 28-30 degrees from the outside ambient temperature is more than optimal. The ability of your A/C is highly determined by the age of the unit and the energy efficiency of your home.
  • Attic temperatures, in summer, are 140 degrees and UP. Therefore, air conditioning technicians are experiencing high volumes of heat exhaustion. Companies are struggling to keep them healthy enough to keep working.
  • When and IF it ever rains, exterior equipment cannot be serviced or installed because it is too dangerous for the technicians and rain can compromise the equipment. Additionally, the pressure readings are taken outside and it cannot be accomplished in the rain so servicing the A/C system would more than likely be a failed attempt.
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