{"id":2279697,"date":"2015-03-26T12:53:16","date_gmt":"2015-03-26T16:53:16","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=2279697"},"modified":"2015-03-26T12:53:16","modified_gmt":"2015-03-26T16:53:16","slug":"mike-brodie-reviews-market-trends-in-dallas","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/mike-brodie-reviews-market-trends-in-dallas\/","title":{"rendered":"Mike Brodie Reviews Market Trends in Dallas"},"content":{"rendered":"<p><a href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2015\/03\/picture-uh70042948374d83fac104b30e4be367c-ps3d2c60c9ae75d5bfd487535856c4eada-3621-Twin-Lakes-Way-Plano-TX-75093.jpg\" rel=\"attachment wp-att-2279700\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-rtp-featured-large wp-image-2279700\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2015\/03\/picture-uh70042948374d83fac104b30e4be367c-ps3d2c60c9ae75d5bfd487535856c4eada-3621-Twin-Lakes-Way-Plano-TX-75093-640x441.jpg\" alt=\"picture-uh=70042948374d83fac104b30e4be367c-ps=3d2c60c9ae75d5bfd487535856c4eada-3621-Twin-Lakes-Way-Plano-TX-75093\" width=\"640\" height=\"441\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2015\/03\/picture-uh70042948374d83fac104b30e4be367c-ps3d2c60c9ae75d5bfd487535856c4eada-3621-Twin-Lakes-Way-Plano-TX-75093.jpg 640w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2015\/03\/picture-uh70042948374d83fac104b30e4be367c-ps3d2c60c9ae75d5bfd487535856c4eada-3621-Twin-Lakes-Way-Plano-TX-75093-300x207.jpg 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>People often ask me: \u201cMike, how\u2019s the market?\u201d My first response is usually to say, \u201cWhy do you ask?\u201d You see, the answer depends on where you are in the market: your price point, whether you are buying or selling, and the time of year.<\/p>\n<p>Below is a review of 2014 and the first quarter of 2015 through March 20\u00a0to give you a sense of the local high end property activity. The zip codes included are: 75024,75093,75287,75252,75248,75254,75240.<\/p>\n<table width=\"459\">\n<tbody>\n<tr>\n<td width=\"109\"><strong>Price Range<\/strong><\/td>\n<td width=\"67\"><strong>Active<\/strong><\/td>\n<td width=\"67\"><strong>Option<\/strong><\/td>\n<td width=\"67\"><strong>Pending<\/strong><\/td>\n<td width=\"67\"><strong>Sold<\/strong><\/td>\n<td width=\"82\"><strong>Supply<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"109\">$1-2M<\/td>\n<td width=\"67\">46<\/td>\n<td width=\"67\">3<\/td>\n<td width=\"67\">8<\/td>\n<td width=\"67\">82<\/td>\n<td width=\"82\">7 months<\/td>\n<\/tr>\n<tr>\n<td width=\"109\">$2-3M<\/td>\n<td width=\"67\">15<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">11<\/td>\n<td width=\"82\">21 months<\/td>\n<\/tr>\n<tr>\n<td width=\"109\">$3-4M<\/td>\n<td width=\"67\">5<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">1<\/td>\n<td width=\"82\">75 months<\/td>\n<\/tr>\n<tr>\n<td width=\"109\">$4M and up<\/td>\n<td width=\"67\">4<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">0<\/td>\n<td width=\"67\">1<\/td>\n<td width=\"82\">60 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Many of the newspaper headlines highlight broader activity, but that activity is greater at lower price points. By contrast, there were 2,479 homes sold in this same time period in the $100K to $500K range in the same zip codes.<\/p>\n<p>For the period of\u00a02012-March 2013, we did this same analysis, and it showed an 11-month supply in the $1M to $2M range and a 15-month supply in the $2M to $3M range. We think the market in the higher end will continue to show steady, slight improvement but will not come roaring back as the market for homes in the $100K to $500K range has.<\/p>\n<p>The good news is this is still a great time to buy because interest rates are still low. The combination of pricing, interest rates, and motivated sellers create a perfect climate for buying.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mike Brodie reviews market trends in Dallas from 2014 and the first quarter of 2015 through March 20.<\/p>\n","protected":false},"author":67,"featured_media":2279700,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1749,750],"tags":[],"class_list":["post-2279697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hlrn","category-real-estate-talk"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mike Brodie Reviews Market Trends in Dallas<\/title>\n<meta name=\"description\" content=\"Mike Brodie reviews market trends in Dallas from 2014 and the first quarter of 2015 through March 20.\" 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