There’s a lot to love about McKinney, the Collin County seat that’s got one of the best historic downtown squares hands down. There are about 120 shops and two dozen restaurants in this commercial downtown district. The agenda here: Shop the clothing boutiques at 540 Mercantile, enjoy dinner at The Pantry Restaurant, stop for coffee at fILTER(ed) Craft Coffee House, shop antiques at Special Things, eat pie at Emporium Pies, and grab a pie (or half dozen) to go.

We found a lot to love about the homes here, but our very favorite detail is this original clawfoot tub in an early American Craftsman home built in 1890. See the home that tub belongs to and two other great homes we found for sale in McKinney.

Address: 5900 River Highlands Drive, McKinney

  • 3 bedrooms, 4 bath
  • 3,229 square feet
  • $555,000
  • Listed by Christie Cannon of Keller Williams Frisco Stars

Located in the exclusive gated community of Estates at Craig Ranch, this 2013-built home is a standout with its dramatic gated courtyard entrance that leads to the rotunda entryway and soaring ceilings. Just as dramatic is the outdoor living area with a tall elongated pergola with stone pavers, stone fireplace and lush landscaping that extends through the large grassy yard. (more…)

 

Party Invitation

A dime-piece is a hot girl/woman, like a “10”

Well. We thought things were simmering down up in McKinney, but now a trusted source tells me every policeman on the force has been called in to duty tomorrow Friday (and back-up planned) after word came that a special speaker is coming into town.

Every one except, of course, Eric Casebolt, who some want to see prosecuted for assault and misconduct. Though nothing has been filed,  Casebolt has already retained a criminal attorney, Tom Mills.

Speculation is that the visitor could be Al Sharpton or Jesse Jackson leading a demonstration tomorrow one week after the crazy Craig Ranch pool party that has become one of the most disastrous events in McKinney’s history, threatening to tarnish it’s clean-cut image as the best small city in America. (more…)

Photo courtesy Craig Ranch

Photo courtesy Craig Ranch

Developer David Craig was in the right place at the right time when he bought the first tracts of land for Craig Ranch 15 years ago, north of State Highway 121 in McKinney.

With northward expansion of the population and careful planning by Craig for the mixed-use development, the 2,200-acre planned community has been hugely successful, with 2,359 houses, more than 1,000 apartment homes, retail, and commercial space. It is one of the largest developments in Collin County and more than 9,000 people call Craig Ranch home; in January, it enters the final phases of residential build-out.

For Craig, that means plans to build a final 1,434 houses and more than 3,000 apartment homes over the next 28 months. Builders will be Ashton Woods Homes, Beazer Homes, Darling Homes, David Weekley Homes, Landon Homes, and Megatel, with houses ranging in price from $300,000 to more than $600,000. Craig’s partner in the development is VanTrust Real Estate.

“This final phase of residential construction in Craig Ranch is timed perfectly with the strong housing demand in the area,” David Craig, founder and developer of Craig Ranch, told GlobeSt.com. “We expect to have 20,000 residents when this next generation of homes is complete in about five years.” Jump to read more!

(more…)

_header-CraigRanch-hole1This month PartyLine Real Estate takes you north to Craig Ranch in McKinney, Texas.  McKinney’s consistently being named one of the best cities to live in and raise a family. How amazing is it that we are telling the Craig Ranch story on the heels of some of the most exciting news in North Texas history? I’m talking about Toyota moving its North American Headquarters to Plano, Texas. One single campus at the intersection of the Dallas North Tollway and Sam Rayburn will house Toyota’s North American headquarters for manufacturing, sales and marketing, and corporate operations. Over the course of three years, 4,000 Toyota employees will be relocating in the area. The home sales! Cha-ching! (more…)

Craig ranch TPC overviewWe shot our second episode of PartyLine Real Estate tonight up in a luxury townhome at 17 Green, at Craig Ranch in McKinney, sipping wine as the sun set over the TPC. The luxury townhomes at 17 Green ALL overlook the Audubon-certified natural greens of the TPC Craig Ranch golf course. The homes feature formals, huge masters, rocking master baths, outdoor living spaces with fireplaces, and second-floor terraces that take in the beautiful view of more than 200 acres, all care-free. Prices are great — listed with Christy Berry, Briggs Freeman Sothebys. By care-free I mean that at 17 Green, everything is taken care of by the nice folks at Craig Ranch, even the perfect-sized green patches in your own backyard! Of course, what makes Craig Ranch so special is that it’s really one of the most intelligent, walkable urban planned communities set in a charming city. And one of the healthiest: my Lord there’s Cooper Fitness Center with a rock climbing wall (!) and one of the biggest lap pools in the state. There’s Playtri, the new triathlon mega-store in Craig Ranch’s Time Square building. (more…)

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

You simply must read this great piece from Dallas CultureMap on our own Tina Craig, who pens the popular and extremely influential and popular blog Bag Snob. Not only does she give the word “snob” a new interpretation (and respect), she has some damn good advice that mimics my own web experiences: be nice to everybody.

“I had been corresponding with a woman who I thought was a 20-year-old college student saving up for her first designer bag. She thought I was a cranky 60-year-old woman from the Upper East Side,” Craig says. “Turns out she was Linda Grant, an award-winning author whose best friend was the editor-in-chief of British Vogue, Alexandra Shulman. Be good to everybody, because you just never know.”

Of course, I’m a real estate snob and proud of it. And actually, so is Tina: her husband is David Craig, one of the founders of Craig Ranch in McKinney. I have seen some of the high end homes up there on the TPC. Craig Ranch was rated as the number two best place to live by Money Magazine, who chose McKinney. When I interviewed David, I relayed a story of how my husband one morning accused me of not coming home the night before — he did not realize I had been on the computer all night, blogging. David related completely.

“Happens at our house all the time,” he said. “Maybe your husband and I should get together!”