3420 Ranchero aerial

Let me tell you why Tuesday’s auction of 3420 Ranchero in the honeypot of Plano is so very important: dirt. This area is the estate haven of Plano, equivalent to the honeypot of Old Preston Hollow in Dallas, or Hunters Glen in Highland Park. And the property can be had for less than its Collin County appraisal!

In the early 1970’s, as the town of Plano, Texas was just opening its sleepy eyes, James Muns and Don Dilmore developed Ranchero Country Estates. There were to be 19 properties on two meandering country roads, Ranchero and Rambling Way. On Ranchero, the property plots measured from 2 to 4.62 acres, and five properties were carved out on Rambling Road, all measuring from 1.92 to 2.33 acres.

The area is literally in the heart of Plano, off Parker Road, between the Tollway and Preston. The lots are gigantic, wooded, with tanks and ponds and natural surroundings that lure you into believing you are in the country, especially at night. For his own home, Muns chose a 4.62 acre parcel with the very, very best view of the sparkling pond.

3420 Ranchero kitchen (more…)

zipcode-01

So we know what the experts say —  expect 2017 to be a more “normal” real estate market in North Texas and across the nation, with continued softness at the luxury level. Recall it was just in September that Starlight Capital chairman and CEO Barry Sternlicht said you couldn’t give away homes in the rich community of Greenwich, Ct — what he calls the “worst real estate market in the United States”:

“You can’t give away a house in Greenwich,” Sternlicht said Tuesday at the CNBC Institutional Investor Delivering Alpha Conference in New York.

The town — about 30 miles (48 kilometers) northeast of midtown Manhattan and home to some of the country’s largest hedge funds — is seeing a pile-up of houses on the market and prices that are faltering as properties linger. Home sales in the second quarter fell 18 percent from a year earlier to 169 deals, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate.

At the same time, new listings surged 27 percent. The absorption period, or the time it would take to sell all the homes on the market at the current pace, was 12 months, compared with 7.7 months a year earlier, Miller Samuel and Douglas Elliman said.

Greenwich is hurting because the luxury home market is soft. But it’s a totally different story at the other end of the spectrum, the market for affordable homes. North Texas is still so chock full of affordable housing, the folks at Realtor.com crowned us the most searched zip code of the year.

So, as it turns out, deep in the heart of Texas lies serious love for this humble site on behalf of hungry home searchers. The 10 most popular ZIPs of 2016 all hail from the state, and 18 of the top 20 ZIPs are from the biggest state in the lower 48.

I’m even quoted! But hey, we owe a whole lot to these two for boosting North Texas real estate in 2016:

Chip-and-Joanna-Gaines-Realtor-Shot

Chip and Joanna Gaines, stars of HGTV’s “Fixer Upper”Photo courtesy of Chip and Joanna Gaines

(more…)

Robbie Briggs - grand opening Briggs Freeman Sotheby's International Realty offices in The North

There was plenty of great food, great wine, music and people, lots of people, on hand to celebrate the opening of Briggs Freeman Sotheby’s International Realty’s new Plano office located in the Shops of Legacy on the north side of Legacy, in the same building as Publicis Public Relations. Everyone had fun and got home before the super hail storm that never materialized, at least not in Dallas or Plano. As you can see, neither rain nor hail ever stops a Dallas Realtor from having fun!

DSC_8943 (more…)

TX-10-most-expensive-Feb-2016

Demand is pushing rents upward in Texas, and renters in Dallas are feeling the burn in their wallets. According to a recent analysis from ApartmentList, Dallas is the most expensive metro area in Texas for renters, with the median price for a two-bedroom apartment clocking in at $1,560 per month. That’s $90 higher than Austin, which is often decried for its astronomical real estate prices, though the state capital saw a 7.8 percent year-over-year increase in rent prices. Rents are up 4.8 percent for Dallas year-over-year, while Plano has seen a 5.9 percent year-over-year increase in rents — the second highest in the state. Look for that number to inch skyward as more luxury multifamily developments come online in Plano and along the northern corridors of Dallas.

TX-10-fastest-growing-Feb-2016

(more…)

6436 Sudbury ext

Photos: Shoot2Sell

Speaking of former sports stars and coaches, I failed to tell you that former Texas Legends coach and current scout for the Dallas Mavericks Eduardo Najera sold his Kings Gate villa on August 5 to a major Dallas-based Subway franchise owner, Jawed Saya, and his wife. Saya is CEO and President of G.I.S. Corporation. Eat fresh, buy for less: they paid $2,300,000 for the Plano estate.

The 10,850-square-foot Mediterranean mansion had been on the market for $2,499,000. They were represented by someone you will be hearing more of, Mathew Puthoor, an aggressive young Realtor with Dallas-based Rupani & Mathew Group.6436 Sudbury ext 2 (more…)

Ready to move to Plano for the amazing schools? You should consider this listing from Vivo Realtor Bonnie Ottosen.

Ready to move to Plano for the amazing schools? You should consider this listing at 7209 Fair Valley Way from Vivo Realtor Bonnie Ottosen.

Of course a Collin County town made Movoto’s list of top 10 suburbs for schools. But Plano? I was betting on Frisco, Allen, or McKinney for that, but good ol’ Plano was the only suburb in Collin County — and in Texas, for that matter — in the top 10. The next highest ranking Texas town was Cedar Park at 14, followed by League city at 16 and Round Rock at 17. You can read the full list here.

You’re probably wondering about what makes Plano so great for education. Me, too. Plano was measured against its peer towns by student-teacher ratio, money spent per year per student, high school graduation rate, and GreatSchools.org rating (which is sometimes off-based). Here’s what Movoto said:

If you’re surprised to see Plano, TX on our list, well, you must not live here. Locals know that this Dallas suburb receives high marks pretty much across the board—it’s affluent, safe, and,according to these numbers, an all-star student.

Not only did Plano have one of the lowest student-teacher ratios of 14 to 1, but it also had a high school graduation rate of 94 percent and some of the highest test scores in the nation.

Well, well, well. Congrats, Plano. What do you think of the ranking?

The 10 Best Suburbs For Education By Movoto Real Estate

Screen shot 2015-06-25 at 9.26.42 AM

Hungry? Don’t have plans for lunch? Vivo Realty is hosting two fabulous Broker Open Houses today. These two tremendous properties in Plano have a lot going for them, but if you need any more incentive to come out and perhaps even bring a buyer, there will be a drawing at 1712 Glenwick.

Honestly, that party porch and pool looks like the perfect spot to relax in the middle of a busy day. I just wish I could bring my swimsuit for a dip!

Are there any other open houses you wouldn’t miss for the world?

Addison7

The iconic roundabout namesake of Addison Circle. The story of its design, below…

By Amanda Popken
Special Contributor

For a whirlwind four days, hundreds of the world’s top urban planners, engineers, developers, and real estate professionals descended on Dallas to share best practices, data, and ideas about making our cities great. Attendees of the Congress for the New Ubanism‘s #CNU23 tend to seem a bit crazy for walkable neighborhoods, but in truth they respect a healthy balance of all densities and development types. Problem is, there’s far more demand for walkable places than there are walkable places. Especially in D-FW, where 68 percent of residents would like to live in a walkable neighborhood at some point in their lives, but only 4 percent of the real estate in Dallas is in a walkable environment and only 1.5 percent of D-FW is walkable.

This year’s most inspiring conversations included a call to action to build equitable and sustainable places, to be the innovators and thought leaders who will invent the “Just City.” A conversation about “Public Spaces People Love” highlighted Southwest Airlines’ Heart of the Community program in partnership with Project for Public Spaces to support the development of places people love in SWA destination cities.

(more…)