Is Texas real estate slowing down?

[46Tbird]

The east Fort Worth 'hood is doing well. My neighbors just sold their house over asking. They got $20/sf more than I paid this time last year, and I also paid over asking price.

[Tremor14]

Toll

correct, my sister just bought one.

[ceyko]

Van Alstyne seems to be growing, wish everyone would stay away.

[slow99]

who wants to pay $500k for a 20 year old house, when you can have a new Tole Bros house built for the same price/sf?

Toll

[Tremor14]

who wants to pay $500k for a 20 year old house, when you can have a new Tole Bros house built for the same price/sf?

[Broncojohnny]

I have seen several clients homes in Plano (75023, 75075, 75093) sell in a few hours for more then the asking price in the past 5 months.

Yes and I can name five that have been on the market for over 90 days. Another that was listed at $550K, reduced to $530K, pulled then relisted at $499K where it has sat again for 60 days. There is another that sat for four months at $510K and then was pulled permanently.

Point being, the market is far from a feeding frenzy, despite what realtors would have everyone believe. I have never seen a residential who would admit a market was shit.

[bcoop]

Shit is sitting on the market forever up here in Plano

From what Im seeing, sub 250k is hot, 250-350 is pretty stagnant, though Im looking at a very select area. The house 2 down from me sold in 3 days at 245k.

The sweet spot is $150,000-275,000. Over and under that range are selling the same as they usually do.

[svauto-erotic855]

Shit is sitting on the market forever up here in Plano.

I have seen several clients homes in Plano (75023, 75075, 75093) sell in a few hours for more then the asking price in the past 5 months.

[War Machine]

I cant speak for all of the metroplex, but Dallas, Richardson, and Plano is hot.

[Labora]

Had a friend list house about 3 weeks ago in Rowlett. Had a offer same day at asking price they took it. I would say things are still selling quickly, for nice homes/areas it seems anything on the market more than a few weeks is a red flag something may be up.

[Baron Von Crowder]

From what Im seeing, sub 250k is hot, 250-350 is pretty stagnant, though Im looking at a very select area. The house 2 down from me sold in 3 days at 245k.

[Sean88gt]

Once it cools, or levels off, there are some people that are going to be long time fucked.

[Unicorn Jeff]

The seller of the house I just bought originally had it listed at $249k... Didn't sell for a month or two. And then I swooped in and bought it for $212k

[Sgt Beavis]

I hope it doesn't slow down too much. I think I'll be putting my house up for sale in the next month or so. I've been busting my ass to get it ready for market.

[abecx]

The housing market for homes between $100k-$220k are still price bloated and out of control with how fast they are selling. From what I have seen, homes $280k-$350k are taking 30-90 days to sell which is more of a stable market and they also seem to be more accurate in their value. I also may not be accurate, in that last statement as I dont know what homes in that range were selling for a few years ago.