Welcome to the DFWmark Blog!

Welcome to the DFWmark Blog! This is a collection of content by Mark M. Hancock, a REALTOR with Keller Williams North County in Celina, Texas. I'm based in Frisco, Texas to best service the Dallas/Fort Worth Metroplex.

To browse the most useful content or when you have a specific question, please visit the blog index (also linked as "I've Got Your Six!" in most posts). It organizes information by categories.

To search for a new, preowned or lease home anywhere in the United States, please visit my website: DFWmark.com. My site is tied directly to the multiple listing service (MLS). You have no-cost access to the most accurate, safe and up-to-date information available.

For your real estate needs, please call, text or email.

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
markhancockrealty@gmail.com
DFWmark.com

#REALTOR #ArmyVeteran #NotaryPublic #CommercialDronePilot #AwardWinningPhotojournalist

Open House in Carter Ranch This Weekend

Open House This Weekend
Dec. 3 @ 2 - 4 p.m.
Dec. 4 @ 1 - 3 p.m.
316 Equine Ln., Celina 75009
Listed at $575,000
MLS# 20213127

New to Market!
This 3,689 sq. ft. home in Celina has 5 bedrooms, 3 and a half baths, dedicated office, formal dining, family room, game room, media room, butler’s pantry, covered back patio and a 3-car garage.

The Carter Ranch home has a front office, which is ideal for business guests with a nearby formal dining room that can double as a conference room or social media studio. The ground level floors are wood or tile. The butler’s pantry connects the dining to the kitchen. The kitchen has granite counters and stainless-steel appliances, an island, gas range, white cabinets and overlooks the family room with a gas fireplace.

The primary suite has a wood accent wall. The primary bath has separate shower and garden tub with a chandelier. Downstairs is complete with the laundry, powder room and 3-car garage.

Upstairs features four bedrooms, two baths, media room and game room with Juliet balcony. The house with a covered back porch was built by First Texas Homes in 2011 in the Celina ISD.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #OpenHouse #Celina #CelinaISD #CarterRanch #office #GameRoom #MediaRoom #CoveredPorch

Family Photo With Santa & Mrs. Claus

  photo by Jason Janik

Mark Hancock poses with his great niece, great nephew, Santa and Mrs. Claus during the inaugural Client Appreciation Party at Keller Williams North Country in Celina on Tuesday, Nov. 22, 2022. The event was a hit with sponsors, clients and agents! Expect it to return even bigger next year!

I’ll gift a pie for each client referral that completes a transaction within the next year. Six completed transactions equal six pies and photos with Santa! (and possibly a ride on a mechanical bull)

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark@kw.com
DFWmark.com

#DFWmark #REALTOR #KWNC #Celina #Santa #MrsClaus #annual #family #ClientAppreciationParty #PieParty

NAR: Housing Starts Quick Reaction Oct. 2022

Supply and demand never changed. We still have low supply and high demand. All that changed was an increase in the price of borrowing money (interest rates).

While we're still in a sellers' market, competition calmed and there's room for negotiation.

If you want a new home, they're available again. I can get great incentives for you. Call, text or email me. Let's get you something bigger, better or newer.

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark@kw.com
DFWmark.com

#DFWmark #REALTOR #NAR #HousingInventory #HousingStarts #SupplyAndDemand #SellersMarket #HomeBuyer #HomeSeller #BiggerBetterNewer

Open House in Gentle Creek Estates

Open House!
Saturday, Nov. 12, 2022
From 2 p.m. to 4 p.m.
2820 Creek View Ct., Prosper
Listed at $1,499,000
Listed by Sharon Ketko
MLS# 20192402

This 4,207 sq. ft. home on 1.3 acres in Prosper has 4 bedrooms, 3 and a half baths, game room, office, den with fireplace, formal living room with second fireplace, formal dining room, gourmet kitchen, butler’s pantry, wet bar, outdoor living room, and backyard oasis with fire pit, diving pool, spa, waterfall and grotto.

The north-facing custom home was remodeled in 2022! It was built by Kensington Homes for a luxurious and uncrowded lifestyle in the golf course community of Gentle Creek Estates. Wood and ceramic tile on the first floor. The huge primary suite and spacious guest suite are on the ground level. Primary bath is complete with freestanding tub, deluxe walk-in shower and chandelier.

From the den, step through the wet bar with wine fridge and butler’s pantry to the kitchen with a double oven, gas cooktop on the island, built-in refrigerator, planning station, breakfast nook and dining bar. Upstairs you’ll find two more bedrooms and a huge game room with a balcony in the Prosper High attendance zone.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #OpenHouse #Prosper #ProsperISD #luxury #pool #acreage #LUX #NorthFacing

LUX Market Watch for October 2022

The luxury market had decreases in all categories in October. Luxury closings have decreased over the last three months, Pending Properties have decreased a little less while Active Option Contract (AOC) and Listings are essentially flat. Pending and AOC will probably end the year where they began.

There were 227 more closings this month than in February. Most significantly, there were 759 more listings this month than in February (a 276% increase). Luxury buyers have many more selection options than they had before June when the number of sales to listings moved from inverted to corrected.

This is the ideal time for cash buyers and downsizing buyers with enough equity. For these buyers, loan rates don’t matter. There are plenty of choices and fewer multiple offer situations. Sellers are also more reasonable about repairs and other negotiated contract items since showings and offers are down.

Meanwhile, demand is still high in DFW. Businesses and executives are still migrating to Texas and the trend appears stable for years to come. Consequently, properly priced homes sell quickly at reasonable prices. There aren’t sky-high offers over asking price like earlier this year, but there’s still an occasional “unicorn” offer for exceptional properties.

The property with the highest list price to enter the market this month is exceptional. It is listed at $35 million. It is a 17,102 sq. ft. English style home built in 1999 on 4.66 acres in Preston Hollow. It is a 6 bed, 8.4 bath house with 3 levels, 6 living areas, 2 offices, 5-car garage, 2-hole regulation golf course with sand traps and water features, pool, spa, large cabana and a 2-bedroom apartment.

The highest closed luxury property this month was last listed at $10.495 million. It is a 11,539 sq. ft. Spanish style estate built in 2007 with 5 bed, 6.2 bath, heated floors, pool, spa and outdoor living area, elevator and wine cellar on .457 acres in Highland Park.

There are 49 Active luxury lease properties in North Texas with list prices of $10,000 or more per month. The highest listing price for a lease is $35,000 monthly for a 5,067 sq. ft. property with 4 bed, 3.2 bath with a 2-car garage, no pool on .385 acres in Highland Park.

The highest closed lease for the month was in the Preston Club Estates of Dallas and last listed for $12,500 per month.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #luxury #Lux #flat #cash #DFW #HighlandPark #PrestonHollow

Skeleton Card Instruction Video

If you see me tomorrow, ask for a treat bag! Otherwise, look for me in the Preston Glen neighborhood of Frisco. I’m dead center and difficult to miss.

Watch the video to learn two ways to assemble the Skeleton Cards in the treat bags.

Happy Halloween!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #Halloween #skeleton #craft #instructions #TreatBag #TrickOrTreat #treat #video

Make Documents Read To You

Sometimes it’s difficult to sit and read. For some, it’s best to hear the words while reading. Listening to the text allows a reader to power through prepared material without stopping or losing place if interrupted. It can also allow a reader to work on other tasks around the house or office while listening to longer documents.

Many text processing programs like Microsoft Word, Adobe Acrobat and even Google Chrome have text-to-audio functions. An additional benefit of the audio playback is the ability to listen to correspondences before sending or publishing. This can avoid both major mistakes as well as odd word combinations. The listener will hear the problem and has time to fix it before publishing or sending. Headphones or speakers are needed.

Microsoft Word
The Read Aloud button is located under the Review tab. Click the icon. Place the cursor at the location where the program should begin and hit the Play triangle located at the right-hand top of the page.

Click the double triangle pointing to the right to jump to the next paragraph - it goes to the next word after a hard return. Click the double triangle pointing to the left to jump to the beginning of the current paragraph. Click it twice to move to the previous paragraph.

Click on the speaker with a gear to select a male or female voice and use the slider to adjust the speed.

Outlook Email

Outlook is also a Microsoft product. It has the same controls and voices as Word. Expand the viewing window to full screen. While the Home tab is active, Read Aloud is located on the right-hand side of the top ribbon.

Adobe Acrobat reader

The Read Out Loud button is located under View. Click View > Read Out Loud > Activate Read Out Loud (shift + Ctrl + Y) Next, go through these initial steps again: Click View > Read Out Loud

Then, select either “Read This Page Only” (shift + Ctrl + V) or “Read to End of Document” (shift + Ctrl + B). Select (shift + Ctrl + Y) to stop the Read Out Loud function.

If the page is a .jpg or scanned text (essentially a photo of text), Select Edit PDF on the right-hand side of the page in Adobe Acrobat Pro. It will perform an Optical Character Recognition (OCR) of the page and reset the text. Save the document with OCR text after each page converts. It can now go through the Read Out Loud steps listed above.

Google Chrome

Search online for “Google Chrome Read Aloud.” Click the Add to Chrome button at the top right-hand side of the page. When the popup window appears, choose Add to Chrome.

To see it on the toolbar, click on the jigsaw puzzle piece > click the thumbtack icon next to the program. An orange megaphone should appear at the top of the page.

To play, click the megaphone icon. The options of Tab Backward, Play, Stop and Tab forward are available.

If Stop is chosen, a new popup window appears with a Play button and a Settings button (looks like a gear). Choose Play to resume.

Choose the gear button to change the Voice, Speed, Pitch, Volume and Text Highlighting. Close the popup window to save the adjusted settings.

YouTube Bonus

Don’t have time for a 2-hour presentation? Hear the presentation in 90 minutes instead!

Open a preferred video. Click on the gear button located at the lower right-hand corner of the video > click Playback Speed > select speed up to 2X > video will adjust with minimal change to pitch. Incidentally, for a good laugh, set it on .25 speed and the narrators will sound drunk. Ads will play at normal speed.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #IOV #InformationOfValue #ReadAloud #ReadOutLoud #TextToSpeech #contracts #tool #OCR

John Moline's Memorial Mass

Thank you to everyone who attended and live streamed John Moline’s memorial yesterday. Our entire family is deeply grateful for your outpouring of love and sympathy. We are honored that you took time out of your lives and sometimes drove hundreds of miles to honor this great man.

If you want to see the memorial mass again, here is the YouTube link: https://www.youtube.com/watch?v=VN7goDZj6jE

John Douglas Moline (1954-2022)

John Douglas Moline – born and raised as an only child in La Grange Park, IL and most recently residing in Plano TX – passed away on Oct. 15, 2022. "Pop Pop" - as he was known to the family - was 68 years old.

Friends and colleagues loved and respected him for his quiet empathy, intense curiosity, eye toward aesthetics, quick mind, strong convictions, and ability to support those around him. He had the ability to design, construct and repair anything elaborate with elegance.

Some of his happiest moments were spent hiking and visiting nature in state and national parks. He hiked through Canada for months with his friend Steve Schaffer in his youth. He most recently toured for two years with a travel trailer, his beloved wife of 42 years and their faithful dog, Remington, throughout Texas and surrounding states.

He graduated from Southern Methodist University with a degree in Scenic Design. This informed and guided his love of construction and design. He was particularly fond of Art Deco and almost anything from the 1950s. He had an uncanny ability to restore and repair exotic cars from the 1960s.

Shortly after graduation, he met the love of his life, Suellen Hancock Moline. They eventually had a home built in an open field in the country which grew around them to be the Plano suburb we recognize today. He was an ever-willing handyman to his neighbors in need. They adored those early evenings by the pool as hot air balloons would drift low over the fields and passengers would shout greetings from above.

He worked and retired after 30 years as a postal carrier in The Colony. He supported his community by diligently completing his duty while he also supported and defended his colleagues as the American Postal Workers Union local shop steward.

He was a doting father to his only daughter Margaux Moline of Plano. He kept their world spinning by quietly and respectfully supporting the Plano FFA and cheerleading squads throughout her education in the Plano ISD. He could easily switch gears from designing glitter-coated signs to shoveling pig stalls. He was the kind of dad every girl deserves.

John is survived by his loving wife Suellen Moline; daughter Margaux Moline; grandchildren Waylon Moline and Phoenix Moline; brother-in-law Mark Hancock and sister-in-law Fayrouz Hancock. He was preceded in death by his parents Ruth Brillisour Moline and Lawrence Moline.

There will be a memorial mass to celebrate John’s life on Thursday, October 20, 2022 at 4 p.m. at St. Elizabeth Ann Seton Catholic Church, 2700 W. Spring Creek Pkwy., Plano TX 75023.

Lux Market Watch for Sept. 2022

The luxury market had decreases in Active Option Contract, Pending and Closed properties while it was flat in Active Listings.

New Listings have flattened and remain above Closed Properties. With a new round of interest rate increases, the lux market trajectories diverged rather than slipping into an inverted market again. Buyer demand has dropped some while seller pricing is inflated and the primary cause of excess inventory. In other words, there are plenty of buyers for properly priced and marketed homes.

The property with the highest list price to enter the market this month is a completed new construction home in the Preston Hollow vicinity. It is listed at $12,999,000. It’s a 10,888 Sq. Ft. modern contemporary style 7 bed, 7.3 bath house with a 10-car garage, pool and tiered decks on .65 acres.

The highest closed luxury property this month was last listed at $9.135 million. It is a 12,612 Sq. Ft. Mediterranean style estate built in 2009 with 5 bed, 6.2 bath with a gourmet kitchen, outdoor kitchen, cabana, pool, private guest house, and four garage spaces on 1.1 acres in Preston Hollow.

There are currently 52 Active luxury lease properties in North Texas with list prices of $10,000 or more per month (up from 38 on 1 Oct. 2022). The highest listing price for a lease is a 5 bed, 5.1 bath with a 3-car garage, a pool on 1 acre in Preston Trails of Dallas for $30,000 monthly.

The highest closed lease for the month was in the Glenwyck Farms Addition of Westlake and last listed for $21,000 per month.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, Certified New Home Sales
214-862-7212 (call or text)
DFWmark@kw.com
DFWmark.com

#DFWmark #REALTOR #MarketWatch #luxury #Lux #flat #RateIncreases #Dallas #decreases #PrestonHollow

Open House in Cross Roads on Sunday

Open House
Sunday, Oct. 9, 2022
From 1 p.m. to 3 p.m.
11301 Pentridge Cir., Cross Roads
Listed at $750,000
MLS# 20122330
Listed by Jordan David

This NEVER OCCUPIED 3,839 sq. ft. Bloomfield Home has 4 bedrooms, 3 and a half baths, a study, formal dining, breakfast room, walk-in pantry, media room, game room, 3-car garage, covered patios on an almost half-acre lot in Cross Roads.

The beautiful open-concept Bellflower floor plan with multiple upgrades is on a cul-de-sac. The study is off the foyer with a nearby half bath. Formal dining can double as a conference room. The kitchen has a huge island with quartz countertops and sink, gas cooktop, stainless steel appliances and a walk-in pantry. The ground level primary suite has a spacious walk-in closet that connects to laundry room, separate vanities, shower and garden tub. Guest ensuite is also located downstairs.

Upstairs has 2 bedrooms with a Hollywood bathroom, game room and media room. The backyard has room for a pool. Get this new construction home by a renown builder without the wait!

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #OpenHouse #NeverOccupied #CrossRoads #3CarGarage #DentonCounty #OakHillRanch #gameroom #MediaRoom

Open House in Bluewood on Saturday

Open House
Saturday, Oct. 8, 2022
From 2 p.m. to 4 p.m.
2601 Warbler Rd., Celina 75009
Listed at $569,000
MLS# 20165665
Listed by Rachel Macey

This 2,939 sq. ft. home in Celina has 4 bedrooms, 3 baths, media room, game room, covered patio and a large family room separated from the front living room, which could be used as an office.

The east-facing DR Horton home was completed this year and was NEVER OCCUPIED. The house features stainless steel appliances, granite countertops, and a large breakfast bar with the sink placed to the left of the gas range. Front living room, master suite, guest bedroom, full guest bath and laundry are all conveniently located on the first floor. Upstairs features two bedrooms, full bath, game room and a media room.

The move-in ready house is on an outside corner lot of the Bluewood community with no back neighbor and plenty of room for a future pool or play set. It’s conveniently located feet from Collin College’s Celina Campus and near the community pool, playgrounds, trails, fishing pond and O’Dell Elementary School in the Celina ISD.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #OpenHouse #NeverOccupied #Celina #CelinaISD #CollinCounty #Bluewood #gameroom #MediaRoom

Pie Party - Save The Date!

The Keller Williams North Country
Annual Pie Party is on
Tuesday, Nov. 22, 2022

Any of my clients who closed a deal with me this year can pick up a pie. Anyone who has referred a client to me, can ALSO come get a pie for each deal closed with me this year.

The pie party is more than just pies. Santa will visit, and we’ll make professional photos of your family for the holidays. You’ll get the digital photos in time for your winter greeting cards. We will have treats and other exciting surprises too!

There’s Still Time!
Know an associate or family member who wants to buy or sell residential property? Refer them to me! Let’s get both of you some pies! Got 20 friends who need houses quickly? We can get it done, and you can pick up a pie for each deal! The best time is NOW!

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #PieParty #Santa #pie #food #ClientParty #Celina #KWNC #annual

Testimonial - Benbrook

I’m absolutely honored and humbled. Thank you so much for your trust and kindness. I can’t possibly explain how much I value your support and friendship.

“Mark Hancock is a real pro! He did a wonderful job of handling our search for, and purchase of, a home in DFW. He was always super friendly, and available for our questions and house visits. He is extremely knowledgeable of the entire process, and gave us great advice all along the way. I know he has many clients, but he always made it seem like we were his number one priority, and we are so thankful that we reached out to him to help us with our search, and ultimately, our purchase. He deserves a 6-star rating...Highly, highly recommend!”

- Louis DeLuca  Benbrook, Texas

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #GoogleReview #Benbrook #TarrantCounty #review #testimonial #BenbrookISD #HighlyRecommended

Celina Drywall Drop In

I dropped in to check on the progress of a client’s Highland Homes new construction house in Celina. Drywall was installed. It will be ready soon! Please let me know if you’re ready for something bigger, better or newer.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #NewBuild #drone #HighlandHomes #Celina #flythrough #drywall #CollinCounty #NewConstruction

Let's Drill Into Bits

A drill is often the first power tool a person owns at their home. It’s incredibly useful, relatively inexpensive and not extremely dangerous. Modern cordless drills make holes or quickly drive a variety of screw heads for weekend home improvement projects or self-assembly furniture. They can also be used with a socket set when working with nuts and bolts, quickly stir large buckets of paint or cut smooth small holes.

What is a drill?

A drill is any machine or hand tool with a rotating or reciprocating hammer used to operate the drill instrument. Technically, a drill is an instrument with an edged or pointed end to bore or otherwise make holes. Meanwhile, a drill bit is an interchangeable instrument that has a head, blade and shank and is attached at the upper end of the shank to a rotary tool’s chuck, a variable clamp.

Drill history

Early drill bits (drill instruments) date back to 35,000 B.C. and were made of bone, stones, shells and wood. In the 13th century, drill bits were made of sharpened metal twisted around a central shaft.

The first bore drill was used in Egypt in 3,000 B.C. Romans used hand-powered auger drills. The first stationary electric drill was invented in 1889 in Australia. In 1894, a portable drill was created in Germany and revolutionized many industries. Now, we have cordless rotary and hammer drills, which are rotary with a hammer motion. Hammer drill bits have a notch near the shank top.

Interchangeable drill bits often include (clockwise from top) hex drivers, socket drivers, hole saw mandrel (including saw in center), countersink twist bit, spade bit, Brad point twist bit, split point titanium coated twist bit, carbide glass/tile bit, insert driver bits, carbide tipped masonry bits, and a variety of hammer drill drive adapter bits.

Types of Drill Bits

Twist bits are most common. They are good for drilling through wood, plastic, light metal, ceramic and masonry. Twists help remove wood chips. These are often coated or reinforced with harder metals or even diamond particles to improve strength or prolong use and blade sharpness.

Driver bits and adapters come in a variety of head types to speed installation of screws, bolts and other fasteners.

Countersink drill bits are used in cabinetry and fine woodwork projects where screw heads must be flush with the surface or completely hidden with a plug. Spade bits are used to bore larger holes in wood for electrical, plumbing and woodwork projects.

Masonry bits are used on concrete, bricks and mortar (bonding material between bricks). They work best with a hammer drill but can function with DIY home rotary drills.

Brad point bits are for furniture and cabinet construction because they leave a flat bottom and clean edge.

Tile/glass bits are used on non-tempered glass and ceramic tiles. Use only at slow speeds. The pointed tip minimizes “walk” of the bit from a starting point. Mandrel and hole saw are mainly used in building, renovation and repairs. Dedicated saw sizes are used to cut a circular plug out of wood, metal, tile or masonry.

(right) Drill and driving kits are available at home improvement stores. Many kits are made by tool manufacturers and include hex drivers, socket drivers, hole saws with mandrel, spade bits, Brad point twist bits, split point titanium coated twist bits, insert driver bits, carbide tipped masonry bits, and a variety of hammer drill drive adapter bits.

Materials and Finishes

Drill bit manufacturing materials and coatings include high speed steel (HSS), titanium, cobalt, carbon tipped, or carbide tipped (tungsten and titanium). Black oxide coating helps resist rust. Diamond tips are used for glass and rocks.

(above) Interchangeable drill bits often include (clockwise from top) hex drivers, socket drivers, hole saw mandrel (including saw in center), countersink twist bit, spade bit, Brad point twist bit, split point titanium coated twist bit, carbide glass/tile bit, insert driver bits, carbide tipped masonry bits, and a variety of hammer drill drive adapter bits.

You can view or download the whole Information Of Value book for free.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #IOV #InformationOfValue #drill #DrillBit #DIY #projects #tool #DoItRight

Closed in Benbrook!

Congratulations to my amazing Benbrook buyer clients!

They bought this classic house on a cul de sac in a serene neighborhood under a canopy of mature trees where friendly neighbors still relax on their porches in the evenings. I couldn’t be happier for y’all!

My long-time friends were able to visualize their future in this house. They have the tools and skills to transform the house into their ideal home. I can't wait to see what y'all do with it. This house has so much potential!

I've Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark@kw.com
DFWmark.com

#DFWmark #REALTOR #Closed #Buyer #Benbrook #TarrantCounty #KellerWilliams #NorthCountry #KWNC

LUX Market Watch for August 2022

The luxury market had increases in Active Option Contract and Closed Properties while there were decreases in Listings and Pending.

New Listings dropped for a second month yet remain slightly above Closed. Considering the trajectories, expect the lux market to invert again. Anecdotally, buyer demand remains while seller pricing is inflated and the primary cause of excess inventory.

According to the National Association of REALTORS, Texas saw the highest percentage of institutional buyers of residential home purchases in 2021 at 28%. Dallas County has the second-highest number of investors at 43% with the highest share of renters nationally at 50% and a rent growth of 64%. Investment properties include high-end single-family homes as well as high rise residences.

For the record, Texas is a “non-disclosure state.” This means that although agents must report and share the sales prices to the Multiple Listing Service (MLS), we don't publicly disclose that information – directly or indirectly. Texas REALTORS states, "It means that the state government, including local appraisal districts, cannot force anyone to provide the sales price to it." However, agents can talk about the last listed price since it is public knowledge.

The property with the highest list price to enter the market this month is an incomplete new construction home in Highland Park. It is listed at $13,900,000. It is a Mediterranean style 9,501 Sq. Ft. 5 bed, 6.1 bath house with a 3-car garage on a nearly half-acre corner lot.

The highest closed property is unusual this month. It’s technically 37.614 acres of land in Celina listed at $8,750,000. The highest priced actual luxury property to close this month was listed at $7 million. It is a 5 bed, 5.3 bath with a pool and four garage spaces on 4.54 acres in Southlake.

There are currently 38 Active luxury lease properties in North Texas with list prices of $10,000 or more per month. The highest listing price for a lease is a 4 bed, 5.1 bath with a 4-car garage, no pool and a 5-stall barn with a tack room, bathroom and office on 4.9 acres in Colleyville for $27,500 per month.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #MarketWatch #luxury #Lux #HousingShortage #MarketShift #SupplyAndDemand #InstitutionalInvestors #ranch

Open House in Gentle Creek Estates of Prosper

Open House!

Saturday, Sept. 10, 2022
From 2 p.m. to 4 p.m.
2670 Glen Haven Ct., Prosper
Listed at $799,900
Listed by Terri McCutcheon
MLS# 20134611

This 4,011 sq. ft. home in Prosper has 4 bedrooms, 3 and a half baths, grand dining room with butler’s pantry, breakfast room, study, a game room, living room, Great Room, 3 fireplaces, outdoor living room and 3-car tandem garage on a 16,553 sq. ft. lot.

Home is in highly desirable Gentle Creek Estates in Prosper ISD on a cul de sac. Hardwood and ceramic tile are in common areas of ground level. Home features many living areas with huge secondary bedrooms. Office off foyer can be used as a 5th bedroom. Kitchen features a breakfast area, wet bar, generous serving and storage and opens to both living room and Great Room.

The primary retreat features spacious room with fireplace. Prime bath has separate vanities, garden tub with separate seamless shower and walk-in closet. Other recent updates include interior paint, secondary bath updates, and backup generator connection at panel. Upstairs features game room and three large secondary rooms with one full bath and one Hollywood bath.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Home certified
214-862-7212
DFWmark.com

#DFWmark #REALTOR #OpenHouse #DronePhoto #estate #Prosper #ProsperISD #CollinCounty #GentleCreekEstates #GameRoom