Browsing the archives for the East Dallas tag.

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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Let the Sales Season Begin

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

In a recent article in the Dallas Morning News, Real Estate writer Steve Brown notes:

  • North Texas home prices were up 2 percent in February from 2013.
  • North Texas home sales prices jumped by 13 percent in February.
  • But sales of homes in the area struggled to rise above last year’s levels.
  • The number of pending home sales for March – properties under contract but not yet sold – is down 8 percent from last year.

So why the drop in Home Sales? The cold weather not only slowed down construction, but general market activity, as fewer folks were out looking at houses. In addition, the drop in February home sales is a reflection of a shortage of properties on the market.  At the current inventory levels, it is very much a sellers market and with high demand and low inventory, prices will go up.   Year over year, median home prices in North Texas have seen a 10% increase.

According to the National Association of Realtors®, the Existing-home sales fell in January to the lowest level in a year-and-a-half, but ongoing inventory shortages continue to lift prices in much of the U.S.

Dr. Jim Gaines, an economist from Real Estate Center at Texas A&M University, noted in a recent podcast that there are a few other factors to consider that have contributed to a fundamental shift in the market. At the state level, a  higher proportion of sales activity has shifted to the upper median high to high end  of the market, north of $300K.  Furthermore, in some markets the sales activity in the under $150K price range has declined.  Due to the upward shift into the higher end market, the statistics reported in the MLS will also cause a upward shift in home values.

This shift in the consumer market is a result of a tight credit market. Today’s buyers must have higher FICO scores, higher down payments,  and meet stricter underwriting conditions.  The continued Job growth in TX will continue to  contribute to above median income levels.

Housing markets to watch:
Up-Markets – Major Urban Markets
Houston  – driven by the energy sector
Austin  – driven by the  technology
DFW, San Antonio , and Chorpus Christi
These markets are doing well and will continue to do well. Population and economic growth with continue.

For more details you can listen to the housing market update with Dr. Jim Gaines here.

As always, if you are thinking of buying or selling a home, or have a property question in general, please do not hesitate to contact me.

Franceanna@CampagnaRealtors.com
972-588-8863
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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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Dare to Soar! NARPM 2011 Opening Day

East Dallas, Home Maintenance, Investors, Multi-Family Property, Property Management, Real Estate, Real Estate Finance

It was great to see so many of our Dallas Chapter Members at the opening of the Convention today. There is some great programming scheduled for the rest of this week. And there is still plenty of room and an opportunity for you to register on site. Below is the link for Thursday and Friday’s Schedule.

http://www.narpm.org/conferences/annual-convention-trade-show/schedule.htm

Today’s Business Leader Development was fantastic! We got a dose of Disney, from Dennis Snow who shared his lessons from the Mouse. It was an excellent seminar focusing on the development of world class customer service. By creating a positive powerful experience in which your customers/clients feel valued, you can cultivate intense customer loyalty.

After a brief get together in our hospitality room – #726 – we all headed to the Opening Session. Our Keynote speaker, Linda Larson, challenged us all to elevate our thinking, visualize positive opportunities and improve our communication skills – and improve out bottom line.

It’s now a little after 9pm and I can promise you several of our Chapter Members are still at Chaucer’s off of Beltline in Addison, watching the game and entertaning our Property Management friends.

The Trade Show is now open and tomorrow morning you can stop in and grab breakfast with the exhibitors 7.15am – 8.45am.

At 9.00 am, Dr. Mark Dotzour, from Texas A&M University, will be there tomorrow morning to give us an update on our current economic environment and how it will impact our business. Following the Economic Forecast, it is your choice of open workshop sessions.

If you are a Dallas NARPM member, you should definitely come out for the day. It is money well spent on your business development.

 

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White Rock Artists Tour

East Dallas, Neighborhood Events, Real Estate

FREE, Self-paced Art Tour

Are you looking for something fun and different to do this weekend?  You should take in the White Rock Lake Artists’ Studio Tour.   Saturday Oct 15th and Sunday 16th, 2011.  10am to 5pm.  I know Jerry Allegro will be offering free bellinis and margarita’s.  Tell him Franceanna sent you!

For complete details visit:  www.whiterockartists.com

An Art Studio Tour Tradition for 19 years

Visit artists and see where art comes alive in neighborhoods near White Rock Lake.

Over 50 artists and 5 art centers: Visit artist studios and see artwork in all its stages. Talk to artists about ideas, processes, and materials. Explore the places where art happens!

Located In neighborhood settings surrounding White Rock Lake: Visit studios large and small and as interesting as the work created within.

History: In 1992 on a fall week-end 6 artists in the White Rock Lake area opened their studios to the public. That humble beginning has grown to be a legendary Dallas art experience for many. The Tour mission has always been to open new connections and understanding about art and artists in our local community.

Sponsors: The artists extend a big THANK YOU to 7 local sponsors who are helping this year with partial funding for the event. See locations and other details on our Sponsor page.

Artists Images: See multiple examples of work by artists on the White Rock Artists’ Flickr photostream. Click on thumbnails for larger images. Hit F5 to change images sets.

Visit more pages for: List of ArtistsArt CentersSponsors and 2011 Map and Flyer

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4th of July Events!

Lakewood, Neighborhood Events, Real Estate, Resources, Uncategorized

7/3/ 2011:  Kaboom Town Fireworks Display Addison, Texas
www.addisontexas.net
Kaboom Town celebrates its 25th anniversary with a festival beginning at 5 p.m. Food,
music, kid’s activities including rock climbing, giant slide, fun inflatables, sand art, free
movie, an obstacle course and much more. (Location: Addison Circle Park)

7/4/2011 Fair Park Fourth Dallas, Texas

www.fairpark.org
City of Dallas’ official Independence Day celebration will feature spectacular Cotton Bowl fireworks sponsored by Gold Metal Recyclers, a Dallas Wind Symphony patriotic concert, free visits to participating museums … and more! Free and open to the public, this family fun event will also feature the seven-time Grammy-nominated Stefani Little Band, “dancing water” shows at the Esplanade Fountain, concessions for purchase. Guests are encouraged to view the fireworks from inside the Cotton Bowl (enter at Gate D).

7/4/2011    Star Spangled Fourth
7/3&4/2011  Fourth of July Concert

Additional Dallas Events

Fourth of July Concert
Location: Meyerson Symphony Center/Details (214) 871-4550
Location: Dallas Arboretum/Details:(214) 515-6500

7/4/2011 Fort Worth’s Fourth
Fort Worth, Texas

Free live music and family activities. Vendors will offer food, cold drinks, beer and ice cream. Water and watermelon will be provided. Live country music from 92.1 Fort Worth’s Fourth guests can watch the game from levee lawn seats for $5 per person (Location: On the Trinity River bank behind LaGrave Field on North Main Street)

7/2/2011
Fourth of July – Stockyards Style
Fort Worth, Texas

www.fortworthstockyards.org
Bring the family to the Fort Worth Stockyards for the fourth! Free family fun—cowboys style. Herd Cattle Drive at 11:30 a.m. & 4 p.m. Petting Zoo from 11 a.m. to 4 p.m. Face painter from 12 p.m. to 4 p.m. Herd Cowcamp 1:30 p.m. to 2:30 p.m. Gunfight shows at 11:45 a.m. & 4:15 p.m. Live music from 2 p.m. to 5 p.m. Lots of great food, shopping, museum’s and entertainment! (Location: Fort Worth Stockyards)

7/4/2011
4th of July Parade/Lakewood Loves the Lake
Lakewood (Dallas), Texas

www.lakewoodparade.com
Starting Point: Lakewood Blvd. & Cambria
Time: 10am (participants should gather at 9:15 am)
Refreshments, music and awards after the parade.

7/3/2011   Lone Stars  Stripes Fireworks
7/4/2011

Grand Prairie, Texas
www.lonestarpark.com

Two days of racing, family fun, music and fireworks. (Location: Lone Star Park)

7/4/2011
Lake Grapevine’s July 4th Extravaganza
Grapevine, Texas

www.grapevinetexasusa.com

Be prepared to be astonished by the fireworks spectacular, which can be viewed from any lakeside location as well as several other spots throughout Grapevine. Admission is free at most viewing locations. Some parks along Lake Grapevine may charge a minimal admission fee. (Location: Lake Grapevine)

7/4/2011
Red, White & Lewisville,
Fireworks Festival
Lewisville, Texas

www.visitlewisville.com
Red White & Lewisville Fireworks Display. The spectacular fireworks show will start shortly after dark at approximately 9:30 p.m. The best viewing opportunities will be on the south side of Vista Ridge Mall and along the 121 Bypass. (Location: Around Vista Ridge Mall)

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Buy Now or Wait

Home Buyers

Uncertainty as to whether prices will continue to fall has to be one of the most

common causes of buyer procrastination.  Paying too much wouldn’t be a smart thing but price isn’t the only factor to consider.  Interest rates have as much effect on housing costs as price.

A small increase in mortgage interest rates can offset a significant drop in home prices.  If the price of the home were to come down by 5% but the interest rates were to go up by .5%, the payments might be close to the same.

In the example below, if the price of $175,000 home went down 5% but the interest rate went from 4.75% to 5.25%, the payments would actually be $4.98 more at the cheaper price.  If while the buyer was waiting for the home to decrease 5% and the interest rate increased by 1%, the payments would actually go up by $55.30.

Then, of course, there is always the possiblility that the price of the home doesn’t go down but the rate does go up by 1%.  The payments would be $104.58 more per month, each and every month for as long as you have the mortgage on the home.

I can provide solid information that will help you make better buying decisions.  A home is a place to feel safe and secure, to raise your family, share with your friends and an investment.  It’s an investment in your marriage, your family and your future.  You owe it to yourself to check out the real numbers in your market because every market is different.

Franceanna M. Campagna, REALTOR

Residential Sales, Leasing & Property Management

Direct Line: 972-588-8863 | Fax: 214-823-7743

My profiles: LinkedIn WordPress Twitter Facebook

Twitter Latest tweet: Hire a licensed Home Improvement contractor – RealEstateRama (press release) http://tiny.ly/kmSe

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Not So Fast Buyers!

East Dallas, Home Sale Statistics, Lakewood, Resources

One of the challenges buyers are having with financing may be their own understanding or lack thereof.

In a recent survey done by research firm Ipsos for Zillow, a surprising number of incorrect answers to true or false questions were given by prospective buyers.

Over 3/4 didn’t realize how the mortgage rate was determined for a borrower thinking that annual income was the most important factor. Other considerations lenders do evaluate are credit score, debt-to-income and loan-to-value ratios.

A variety of myths seem to have influenced some of the common answers such as interest rates are set and released once a day; FHA loans are for first-time buyers only; prequalification commits the lender; lender fees are not negotiable and adjustable rate mortgages always go up.

Buyers’ misunderstanding of actual mortgage practices may give some insight into why more of them are not taking advantage of the greatly reduced prices and incredibly low mortgage rates.

While getting solid information about mortgages and being pre-approved from a lender are very important, it is only one step in the home buying process. Success in buying a home in today’s unique market should begin with a real estate professional that will coordinate all of the different parts of the transaction including mortgage, title, insurance and inspections.

As a professional Realtor, I can help guide you through this process! Contact me with any questions regarding buying or selling your home!

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Junius Heights Home Tour November 7, 2010

Neighborhood Events

Dallas has a lot of wonderful neighborhoods, but one of my favorites is Junius Heights. Tucked away in Old East Dallas, Junius Heights consists of over 800 residences and is known for its trademark columns at the entrance of the development and its Craftsman, Prairie and Tudor styles of architecture. The neighborhood was originally established in 1906, by C. H. Munger as a streetcar development, and it is reportedly one of the largest lot sales in the history of Dallas. According to The Junius Heights Neighborhood Association, on September 03, 1906, two hundred lots were sold between 12.01 AM and 12.45 AM.  Junius Heights prospered and by the 1920’s had paved roads and street car service.  The neighborhood experienced some decline during the 1950’s and 1960’s, but was revitalized when the neighborhood association worked to obtain Historic District status. Promised during its development to become one of the most desirable neighborhoods, Junius Heights was recently touted as one of the best places for families to live in 2010, by This Old House.

This weekend, the Junius Heights Neighborhood Association is hosting the 4th annual home tour on Sunday, November 7th from 11am – 5pm. Enjoy an Arts & Crafts fair and a silent auction, which will be held at Lipscomb Elementary at the corner of Worth and Lowell.

Pre-tickets ($10) will be sold starting October 11, 2010 at the following locations:

Whole Foods Market: 2118 Abrams Road

Paperbacks Plus: 6115 La Vista Drive

Fish City Grill: 2323 North Henderson Avenue, #109

Purchase your $10 tickets online!

Day of tickets can be purchased at Lipscomb Elementary for $15 or at any of the homes on tour:

* 5612 Reiger
* 5302 Victor
* 718 Dumas
* 711 Lowell
* 711 Skillman
* 709 Lipscomb

This home tour is a must see for any one interested in the history of Dallas!

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Expired Listing? Consider Rental Income

Expired Listings, Property Management

Welcome to East Dallas Residential! This is my first official posting to my new blog site.

To give you a brief overview, I am the 4th generation in a family of Real Estate Investors. I have continued the tradition and work in the family business of Residential Sales, Leasing and Property Management. My father is the founder and broker of our company, with over 30 years of experience in the Real Estate industry. For the last 8 years, I have been helping to run his management office as a licensed Realtor. I am actively involved with the DFW Metro Tex Board of Realtors and I am a member of the Leadership Committee, YPN: Young Professionals Network, and the Leasing and Property Management Committee. And next year, I will be the President, of the Dallas NARPM chapter. It is the local chapter for the National Association of Residential Property Managers. I believe in Experience, Education, Integrity and Service.

Here in Dallas we have continued to out perform the national average. Like any major city, we have areas that have sustained their values, and areas in which values have declined. It’s all a matter of location. There are pockets where homes sales are still HOT … and others, that just are NOT selling much inventory.

Property Owners who are facing a slow sale market or who have a home located in an area where values have declined, may want to consider holding onto their home as an investment, and re-listing their home for sale when the market turns around. If they are relocating or have the ability to move, they can use their home as rental property, generating some income to contribute towards their mortgage, taxes and insurance payments.

I am willing to bet most people are hesitant to lease their home, especially if it is their primary residence. Many have heard the horror stories of damage done by neglectful residents or are wary of midnight maintenance calls. However, a Professional Property Management Company can take the pain out of rental property.

It is important to interview professional management companies. There are many Realtors in our industry jumping into the management business with little (or no) experience in managing rental property. There are Texas Landlord Laws, outlined in Texas Property Code, which regulate habitability, safety, maintenance obligations and trust accounting, just to name a few areas! In addition, there are tax reporting requirements at the end of every year. It is important to find an experienced manager, in order to limit personal liability.

We cooperate with Realtors in our area. We list ALL of our Rental and Sale listings in MLS (Multiple Listing Service) and offer co-broker fees, competitive with market rates, to agents who bring us qualified residents.

If you are working closely with a Realtor, I encourage you to ask them about your options. If you are looking for someone with experience in Residential Leasing and Property Management, please take a moment to read about me.

In addition, if you are a Realtor looking to offer your client an alternative solution, we offer a referral fee to Realtors and Brokers who refer us to their clients. If your client hires us for our Property Management and Leasing services, we protect your agency relationship, and when your client is ready to re-list their home For Sale, we refer them back to you.

Feel free to contact me with any questions or comments regarding information in this post, or my services. Thank you for visiting!

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