Showing posts from March, 2016

Taking a Look at the Luxury Market for Denton and Collin Counties

Are you in the market for a million dollar home? Are you interested in what the top of the real estate market is doing in Denton & Collin Counties?

We have been seeing home price appreciation in both Denton County and Collin County markets within the past 2 years. Here is a look at the Luxury Market where we have looked at all sales of homes of $1 Million or more.  The data we have looked at is reported sales in the NTREIS MLS database.

When we look at the median sale price for sales above $1 million, looking at a 12 month data point, both Collin and Denton Counties median sale price range from $1,246,986 to $1,300,000.

Here is a look at the same data of median sale price for sales over $1 Million for the past 10 years. You can see that the median sale price peaked in 2008-2009 around $1,400,000 but has stayed around $1,300,000 with one large drop in 2013 for Collin County.

As you can see from the graph above, the months of supply has decreased consistently with Denton County sal…

7 Terrific Real Estate Appraisal Blogs to Follow

In this world of social media, it is important to know who to follow and where to find reliable information.  With many misconceptions and misunderstandings about appraisals and appraising, real estate appraisal blogs are a great resource to many that find themselves in need of appraisal services. I thought it would be helpful to share some of the best appraisal blogs out there to have as a resource. I recommend you follow, subscribe, connect with these appraisal bloggers!

Ryan Lundquist- Sacramento Appraisal Blog

Ryan Lundquist is a Certified Residential Appraiser out of Sacremento California.  His blog is one of the first blogs that I began to read. Ryan has been consistently blogging since 2009.  He is a great resource for appraisers and the general real estate community.  He has been interviewed and quoted in the Sacromento Business Journal and the local CBS news station in Sacramento.   Ryan has some of the most indepth local market analysis and data for his local markets in Sacr…