Prices are UP & STUCK….for now!

Are the Prices TOO DAMN HIGH OR NAH?

In the beginning of 2020, the Dallas-Fort Worth marker was headed to a neutral market. Buyers were able to find homes and sellers were able to sell. No problem, right?

Then COVID hit in March 2020 and shut the country down. This left real estate to be in the unknown territory. If we are being truthful, the absolute best time to have bought a house would have been March-June 2020. I won’t say people were giving away their houses but the unknown was so unknown, you could have gotten things that you cannot think to ask of now.

As far as homes are now, today’s market is reflective of supply and demand. Due to a lot of sellers not listing within the last year, builders not being able to keep up with the demand, and buyers looking to get out of rentals, we were hit with a high demand and a shortage of homes.

If you go back to your college Economics class OR high school Civics class, when demand is high and supply is low, the prices go UP! That is what has happened to the real estate market. Still confused? Let’s use the Jordan brand of shoes for example. They only release so many each round. Soooo many people want them, once they sell out, they sell out. However, resellers know they are the most wanted shoe. They KNOW they can resell and get a higher price because the availability is limited. Welp, that’s the housing market and supply and demand.

Are the prices higher, yes? However, it is relative to the market that you see. Is it favorable? Maybe not to some but the market reacts to what it has.

Prior to 2020, the $250K and below market was vanishing from the DFW market. Now, to find homes in that range, you will have to move out in rural areas of the metroplex. The only places that have a little bit of $250K and below left is the Forney-Heartland-Crandall market and the Princeton area market. In 2021, most homes are starting the $350s. In my honest opinion, today’s $300K is yesterday’s $250K with a low interest rate. You can get a higher priced home but that doesn’t mean the higher priced home will be a larger home.

For potential homebuyers, make a list of what you feel is important to have in the first home, determine howlong you plan to live there, and what amenities do you need in and around the neighborhood. Remember, it is the first home. In order to get bells and whistles, you’ll have to pay for it. If that is not an option, reconfigure what you can spend and realistically do for the first home. Build and grow your equity to make the next home your dream home.

Your first home is typically the first step to getting to the dream home.

If you need to discuss more, book a virtual appointment with us at calendly.com/newaverealty.

Life at Sandbrock Ranch

As a country girl from North Louisiana, I love being in areas that remind me of home…..for now anyways. However, Aubrey, gives me North Louisiana vibes. You have nature at its best. Quiet scenery with city amenities nearby. I call it the best of both worlds.

So when I discover a community that gives that vibe, I have to explore it. If you didn’t know, Aubrey is horse capital. It is still fairly rural but growing quickly. However, you’ll see that new communities are still harvesting what Aubrey is known for. The area will grow to be another suburban town but very well keep its horse capital, rural flair (at least I hope it does).

The developers at Sandbrock Ranch are keeping that mission alive. In this community, the neighborhood will certainly have its ranch moments. In fact, the neighborhood has it’s own cows considered to be “milk cows” that are stripped white in the middle and black on the rest of its body. Horses roam within the neighborhood too.

There are fences up to protect the animals but it brings such joy to my country heart. The winning piece of the community, The Carriage House. Sandbrock Ranch is a development created by the owners of Highland Homes. This piece of land is actually family land that they’ve decided to develop on. The family is still keeping pretty much a part of the land, ranch-style with a suburban twist. 😂

I know it seems funny but truly this is a one of a kind neighborhood that is amazing. I did a tour with the Lifestyle Directors and here is what you can expect “Living at Sandbrock Ranch.”

Welcome to Sandbrock Ranch.

This place is open for residents 7 days a week from 7am-10pm.

Kitchen area of the Carriage House.

Fire pit available 24/7.

Two lakes that connect to each other called Sadie and Gurthie!

Neighborhood Fitness center available from 4am-11pm.

Pocket park playground for the kids.

There are still even more things to come to this amenity center such as the rec space (sports fields), event amphitheater, and more. The neighborhood will also have a future Denton ISD elementary school in the community.

If this is a community you can see yourself living in, find your next home at move-updallas.com. Homes in the community start in the mid-200s. Builders in the neighborhood are David Weekley Homes, Highland Homes, and Perry Homes. Highland Homes has three products in the community (45 foot lot homes, 50 foot lot homes, and 60 foot lot homes).

Let New Avenue Realty Group help you find your home in Sandbrock Ranch. Connect with us through via phone or email at 972-813-9788 or atfowler@newavenuerealty.com.  We can start with your own private tour with a New Home Specialist concierge service with New Avenue Realty.

Complete the form below to start your visit with us.

The Crown is Yours.

Real estate is a complex nature. WHO you work with really does matter. New Avenue Realty has worked with hundreds of homeowners (future and current) to buy or sell real estate in North Texas with over $15 million sold. The proof is in the numbers. Your experience will be royal.

Want to BUY or SELL a home? Chat with us at 972-813-9788 or atfowler@newavenuerealty.com.