Market Statistics - 1 May 2023

The dam has burst for pent up housing demand. Multiple offers and overflowing open houses are common at properly marketed houses. Buyers and investors race to get any affordable properties as we saw the local housing market invert last week with more sales than new listings and reduced overall inventory. Here’s a breakdown by city for the three main groupings near Frisco in Collin / Grayson counties:

1) Frisco, Plano, McKinney
2) Prosper, Celina, Gunter
3) Anna, Melissa, Van Alstyne

I've Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #ResidentialMarket #MarketStatistics #Stats #InvertedMarket #YOY #CollinCounty #DentonCounty

Testimonial - Whitewright

Thank you again for trusting me and allowing me on your journey! It has been my honor to guide you through the process of this real estate transaction. We put on our boots and had some laughs along the way!

Whenever you need me in the future, I’m here for you.

“Our experience with Mark has been top notch! We always looked forward to viewing properties with Mark. He has been an incredible resource and friend during mine and my husband's search for land to build our forever home on.

He went above and beyond for us in every aspect, and his wealth of knowledge truly made this first-time experience for us a breeze. Mark is trustworthy, enjoyable to be around, timely, and one of the best in the field. If we had questions he didn't have an answer to, he always sent us to the right place to get those questions answered, particularly soil-related questions and specifics about AG exemptions. He even went out of his way to make phone calls to internet companies to ensure potential properties had the internet speed we needed before we made a visit.

Thanks for walking acres and acres of land with us and helping us secure a fantastic property we can't wait to call home! We will be recommending Mark to friends and family who will be searching for a new home in the future.”

Toria Warner
Whitewright, Texas

I’ve Got Your Six!

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

#DFWmark #REALTOR #GoogleReview #review #testimonial #land #Whitewright #FanninCounty #AgExempt #DreamHome

Whitewright Welcome Home!

Cleared to Close!

Congratulations to my amazing land buyer clients! They are cleared to close on this spectacular 10-acre, agriculture-exempt property with no restrictions in Whitewright.

I've Got Your Six!

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

#DFWmark #REALTOR #land #video #drone #Whitewright #GraysonCounty #AgExempt #NoDeedRestriction #country

Market Statistics - 30 March 2023

Traditionally, the week of April 15 is the best time to list a house. Meanwhile, most houses are sold in June. There's a built-in anticipation of waiting several weeks to sell. 

If the house is priced at or slightly below comparable sold houses, it's likely to sell quickly AND for more than the listed price. Offers over asking price often result from aggressive marketing to create a Fear Of Missing Out (FOMO).

Because educated buyers know what they want, they are likely to send acceptable offers on Day Zero (the first day on market). They may have already lost a few times and are prepared to offer an appropriate price.

1) Frisco, Plano, McKinney (above)
2) Prosper, Celina, Gunter (left)

3) Anna, Melissa, Van Alstyne (below)

Unless there's another "black swan event," mortgage interest rates are expected to rise until inflation is somewhat under control.

Sellers with larger houses and plenty of equity should "right size" now. The timing allows them to take advantage of increased house inventory (selections) on the market while interest rates remain reasonable enough for well-qualified first-time buyers to purchase preowned houses.

Anecdotally, agents representing well-priced houses in good locations have reported multiple offers recently (dozens of legitimate offers within days).

If a house is “show ready,” I have the skills and licenses to market the house within 24 hours – including drone photos and video. Otherwise, I have vendor connections to help get the house ready and for sale quickly.

I've Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #RightSize #MarketStatistics #Stats #HousingInventory #YOY #CollinCounty #GraysonCounty

Market Statistics - 7 March 2023

As we saw last week, the spring housing market has heated up significantly. However, it has cooled since this same time last year. Here’s a breakdown by city for the three main groupings near Frisco in Collin / Grayson counties:

1) Frisco, Plano, McKinney
2) Prosper, Celina, Gunter
3) Anna, Melissa, Van Alstyne

I've Got Your Six!

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

#DFWmark #REALTOR #MarketWatch #ResidentialMarket #MarketStatistics #Stats #HousingInventory #YOY #CollinCounty #GraysonCounty