Real Estate Market News
Recent convo with an agent who is seeing a problem in the market with new listings right now. Because the first quarter of 2012 was brisk, he thinks maybe prices are goosing up. Quarter One was brisk because buyers and sellers had become more reasonable, not because prices were up. When that excitement is “improperly communicated”, sellers start “overpricing” their homes, because of the perception that the market is busy, he says.
Naturally, I won’t sleep until I find out who got the winning bid on Champ d’Or this weekend and how much they paid — confidentiality clauses are the bain of my existence. I’m getting a few clues. We know it was a Dallas family — Preston Hollow, I’ve heard — with international connections. Many readers have…
This is one of those “Thank God we live in Texas” days. Yep, ran across this nugget from Forbes.com on the cities with the most construction: if construction starts are a leading economic indicator, then we are in hog heaven. Three Texas metros are leading as far as construction starts and made it on the top…
“Sellers very pleased with sale” — boy if that isn’t the understatement of the century! Details of Friday’s sale of Champ d’Or by auction up in Denton are eeking out. I got word from Laura Brady with Concierge Auctions that the buyers are definitely a family who apparently plans to live in the 40,000 square…
I have been on pins and needles waiting out this auction, bugging Robbie Briggs and Laura Brady at Concierge Actions all day yesterday. At about eight p.m. Friday night Robbie Briggs emailed me that “It was a fascinating process, and it appears to be successful.” Saturday morning I heard from Laura Brady who said — “we…
