How Fast are Homes Selling in Texas? Faster Than Quick Draw McGraw!

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2015 days on market

From what I’m hearing, it’s the moderate to mid-priced homes (up to $1.2 million) that are selling the fastest — anything within the 636 Loop, Park Cities, Preston Hollow, Midway Hollow, Lakewood, Hollywood Heights, M Streets, Bluffview, North dallas south of LBJ. Preston Trails taking a little longer. Plano and Frisco on fire (you know what I mean).

What areas are you hearing that are hot, what areas are not?

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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Comments

  1. Alex Roostaei says

    The Frisco market is a nightmare, I currently have two buyers looking up there and we cannot lock down anything. Last offer was 22 grand over list price and we still were only the 3rd best offer.

  2. LonestarBabs says

    I am about to find out. My Plano home goes on the market 4/16. My realtor said, “It’s going to be a party around here so get ready.”

    She actually asked if I could just move out for a few days. Well, no, cuz I’d worry about who locked the doors, left the shutters open, lights on, etc. But I’m guessing I won’t get much sleep and certainly no time to lounge in the ol’ pj’s morning or evening!

  3. Gerald says

    My girlfriend lives in Plano and was looking to buy a house. I offered to help her put in some offers and was I in for a surprise. Most of the houses already had a contract by the time we called. We got with a realtor to try and get them when they 1st get listed. We then were able to put in offers on about 10 houses and still no good, about 5 were over asking price and obviously we did not bid high enough. The realtor told us that cash investors from out of state were buying them up. Looks like we will have to look elsewhere, we cant bid that high.

  4. LonestarBabs says

    I can now tell you how fast homes are selling — my house in Plano went on MLS the afternoon of 4/16. Within one hour of listing I had 4 showings scheduled. By the end of the same day there were 13 showings. On 4/17 the day began with 3 offers and then 33 showings scheduled, another offer came in with more to be submitted. Requests for showings continued at a frenetic pace for 4/18, but we are now requesting best and final offers by 12 noon on 4/18. I had always called my beloved home “Sanity Ranch” but it has been INSANE!!!!! It was a circus.

      • LonestarBabs says

        Final tally (I think): 70 showings, 18 offers of which 6 were all cash. And to my friends who think I should have saved money and not used a realtor in this market — NUTS to you! I could NOT have handled the details without the expertise and knowledge of my realtor. I’m no dummy but I learned a lot during this process. There are those who think realtors are just sitting back and raking in easy commissions. TSK TSK

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