Fly-By tour of David Weekley Homes' Grand Opening

 

Let’s take a Fly-By tour during David Weekley Homes’ Grand Opening at Willow Grove in Melissa on Tuesday, March 26, 2024. If you’re ready for a best-in-class experience, please call text or email me so we can have your ideal home built in one of the fastest growing cities.

I’ve Got Your Six!

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

#DFWmark #REALTOR #Melissa #MelissaISD #CollinCounty #DavidWeekley #NewConstruction #house #drone #FlyBy

Market Statistics - March 2024

Most of the reported area remains in a Sellers’ Market except Van Alstyne, which hit a Buyers’ Market with six months of inventory. Van Alstyne also has the highest year-over-year inventory increase of 93.5%. Plano and Melissa have the least inventory at 1.7 months and more than a 50% year-over-year inventory drop in each city.

Frisco has the most Active homes at 405 while Gunter has the fewest at 33. There was only ONE sale in Gunter this month. At only 1.7 months of inventory, Melissa has the lowest YOY months of inventory percentage at -56.4%. Aubrey and Anna are flat at 0% YOY. All other cities and all counties showed positive growth. Dallas and Collin counties are still near 30 days on market while Denton County is at 37 days. Denton County is generally the most affordable this month at $203 per square foot (psf) while Collin County gets $214 psf. Dallas County has the most Active properties with 4,596. All three reported counties are close to getting a median 97% of the original listed price.

The Fed will end the bank term funding program (BTFP) on 11 March 2024. This emergency lending program was a response to customer withdrawal runs and the failures of Signature, Silvergate and Silicon Valley regional banks as well as Credit Suisse in Europe in March 2023. BTFP allowed banks to use bonds as collateral to borrow from the central bank.

New safety rails were installed to minimize liquidity problems that led to the downfall of Bitcoin-friendly banks in Silicon Valley. However, the end of BTFP could create higher lending rates and constrain credit availability. It could also possibly lead to higher mortgage rates and more strict credit rules while many folks were waiting for rates to drop.

Nonetheless, the Federal Deposit Insurance Corp. (FDIC) is still limited to $250,000 per customer per institution. If customers didn’t resolve this situation in the last year. It could be a problem for some when BTFP is removed.

Without getting too deep in the weeds, the Overnight Reverse Repurchase Agreement – a low-risk injection of liquidity into the system by banks and the Fed - is also expected to end this year. It could end as early as March but is most likely to end later in the year. In short, if you’re waiting for rates to drop, you may wait a long time. Get a house now.

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 #YOY #CollinCounty #DentonCounty #DallasCounty

Market Statistics - June 2023

Prices range from a per-square-foot median price of $186 in Anna to $250 in Frisco. Prosper has the highest median listing and sold prices in these communities. Melissa had the highest year-over-year monthly supply increase while Gunter was nearly stagnant.

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 #YOY #CollinCounty #GraysonCounty

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

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 Stats MAV

Come visit my open house today in Melissa. Below is what has happened in the local market. Inventory is depleting as we go into the "buying season." If you're on the fence, buy now.

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 #Melissa

Drop In to my Open House in Melissa on Sunday

 

Drop In to my open house in Melissa on Sunday, 26 March 2023 from 1 p.m. to 3 p.m at 3012 Pinecrest Road in Melissa. We’ll have cookies, treats, toys, dog treats and great information.

Open House
Sunday, 26 March 2023
From 1 p.m. to 3 p.m.
3012 Pinecrest Dr. in Melissa
Listed at $365,000
Listed by Angela Shipley
MLS# 20281896

NEW TO MARKET
This Northward-facing 1,866 sq. ft. home in Melissa has 3 bedrooms, 2 baths, an office, a covered patio, covered front porch and coy pond with a stone waterfall.

This Stonehollow Home in the Melissa ISD has a spacious, open floor plan to relax or entertain. The rock fireplace in living room has a raised hearth. An office is conveniently positioned by the front entry to work from home. Wood or tile floors cover all common areas. The kitchen has granite counters, a huge island with a sink and seating for 2 to 4, stainless steel appliances, electric cooktop plumbed for gas, and an abundance of cabinet and counter space. The Primary ensuite bedroom has a seating area while the bath has a jetted garden tub, separate shower, dual sinks and large walk-in closet. One of the other bedrooms has built-in bookshelves. The backyard features a covered patio with a ceiling fan and a gas stub for a grill or fire pit near a relaxing coy pond.

I’ve Got Your Six!

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

#DFWmark #drone #OpenHouse #DropIn #Melissa #MelissaISD #video #home #house #RealEstate

Open House in Melissa on Sunday

Open House
Sunday, 26 March 2023
From 1 p.m. to 3 p.m.
3012 Pinecrest Dr. in Melissa
Listed at $365,000
Listed by Angela Shipley
MLS# 20281896

NEW TO MARKET
This Northward-facing 1,866 sq. ft. home in Melissa has 3 bedrooms, 2 baths, an office, a covered patio, covered front porch and coy pond with a stone waterfall.

This Stonehollow Home in the Melissa ISD has a spacious, open floor plan to relax or entertain. The rock fireplace in living room has a raised hearth. An office is conveniently positioned by the front entry to work from home. Wood or tile floors cover all common areas. The kitchen has granite counters, a huge island with a sink and seating for 2 to 4, stainless steel appliances, electric cooktop plumbed for gas, and an abundance of cabinet and counter space. The Primary ensuite bedroom has a seating area while the bath has a jetted garden tub, separate shower, dual sinks and large walk-in closet. One of the other bedrooms has built-in bookshelves. The backyard features a covered patio with a ceiling fan and a gas stub for a grill or fire pit near a relaxing coy pond.

I’ve Got Your Six!

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

#DFWmark #OpenHouse #Melissa #MelissaISD #CollinCounty #NorthFacing #house #home #TrailsOfMelissa #office

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

Open House in Melissa on Saturday

Open House - New to Market
Saturday, July 9, 2022
From 2 p.m. to 4 p.m.
4019 Mockingbird Ln., Melissa
Offered at $435,000

This 1,938 sq. ft. home has 3 bedrooms, 2 and a half baths, office, and a covered patio in the Magnolia Ridge subdivision of Melissa.

Built in 2021, the single-level house is ideal for anyone who needs a bigger, better or newer home. The east-facing house is clean and move-in ready. The open concept home has a gourmet kitchen with stainless-steel appliances and gas cooktop.

The large kitchen island has an upgraded granite countertop and sink with a breakfast bar and white cabinets. The roomy and secluded primary bedroom leads to the primary bath, which has modern fixtures, dual vanities with a granite countertop, sliding-glass walk-in shower with accent tiles and a walk-in closet.

House also features two secondary bedrooms, a bath, an office to work from home, half-bath with pedestal sink, and covered back patio to watch the sun set.

I’ve Got Your Six!

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

#DFWmark #OpenHouse #Melissa #CollinCounty #MelissaISD #modern #SmallTown #EastFacing #house #home

Open House in Melissa on Sunday

Open House
Sunday, June 12, 2022
From 2 to 4 p.m.
3513 Wysong St., Melissa 75454
Offered at $499,999
MLS# 20078919

This 2,906 sq. ft. home in Melissa has 4 bedrooms, 3 full baths, a game room, office and hot tub. House was built in 2015 near the community pool and playground. It’s also close to city hall and the police station.

Greet the day with coffee on the covered front porch. Tiled entry continues past dining room and into kitchen. The kitchen features granite countertops, stainless steel appliances including a gas range with breakfast bar. Kitchen overlooks breakfast room and large living room with fireplace. Primary bedroom is on the ground level. Primary bath has dual sinks, garden tub and separate shower. A second bedroom completes the first level.

The second level features a huge, flexible game room at the top of the stairs. It also has two bedrooms and a large, work-from-home office, which could be a fifth bedroom.

The backyard has room to romp and entertain. Watch sunsets from the covered patio or the full-width wood deck with a hot tub that stays!

I’ve Got Your Six!

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

#DFWmark #house #home #Melissa #CollinCounty #MelissaISD #brick #gameroom #office #HotTub

Melissa - New-Build Communities and Builders

Melissa's Kelton Brewer (65) leads the team onto the field before a high school football game against Nevada Community at Cardinal Stadium in Melissa on Friday, Aug. 28, 2009.

© Mark M. Hancock and The Dallas Morning News


Below is a list of known communities and active builders within Melissa, Texas. 

This post features a list of western Collin County and southeastern Denton County communities with construction. DFWmark has additional deep, proprietary information about these communities to save your time, money and frustration. My services are almost always at no cost to buyer and tenant Clients. Call or text me at 214-862-7212 or email me about additional information.

Melissa, Texas
Collin County

COMMUNITY                                         BUILDER

Ascend at Milrany Ranch                           K. Hovnanian Homes
Auburndale                                                 HistoryMaker Homes
Auburndale                                                 M/I Homes
Brookside                                                   Bloomfield Homes
Brookside                                                   Bloomfield Homes
Brookside                                                   Chesmar Homes Dallas
Creek Crossing                                           Altura Homes
Creek Crossing                                           Altura Homes
Creek Crossing                                           Pacesetter Homes Texas
Legacy Ranch                                             Bloomfield Home
Liberty                                                        K. Hovnanian Homes
Liberty 60'                                                  Perry Homes
Liberty 70'                                                  Perry Homes
Liberty: Artisan Series - 50'                       Highland Homes
Liberty: Classic Series - 60'                       Highland Homes
Liberty: Classic Series - 70'                       Highland Homes
Magnolia Ridge                                         Kindred Homes
Meadow Run                                             Ashton Woods
Meadow Run                                             Pacesetter Homes Texas
North Creek                                               Beazer Homes
North Creek                                               Gehan Homes
North Creek                                               Pulte Homes
North Creek Estates                                  Impression Homes
The Quarry at Stoneridge                          Meritage Homes

Please read Want To Buy A New-Built House? and New Build Home Basics to see if a new home is ideal for you.

If you’re ready to investigate a new-build purchase, it's vital that you DON'T REGISTER WITH THE BUILDER WITHOUT A REALTOR.

If you register without a REALTOR, you often waive your ability to have a no-cost, professional REALTOR on your side. You have accepted the builder's agent and will be treated like a customer. Instead, let the REALTOR register for you. This ensures you have an agent with you - at no cost to you - through the process. DON'T PAY FOR SERVICES THAT YOU DON'T GET!

I share comparative market analyses with my clients as well as information about builders, community amenities, school districts, homeowners' associations (HOA), utility districts (MUDs, SUDs, PIDs, etc.) and more. 

I can help you if you’re ready to move forward. I can contact the builders on your behalf, negotiate favorable deals and leverage our large brokerage to your advantage because I work for you. 

I’ve Got Your Six!

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