Articles Tagged "Flower Mound"

The North Texas housing market is downshifting quickly, with Dallas-Fort Worth being the only U.S. market to see a decrease in home sale prices last month, according to a report released today.  DFW home prices are down 1.9% year over year in July, according to the latest Re/Max National Housing Report.

And what a difference a month makes.  Last month, DFW led the U.S. for home price increases, with June prices up 29.3% over the previous year.   In hard numbers, home sales prices in DFW fell to $413,900 in July from $422,000 in July 2021.   Homes in DFW spend an average of 23 days on the market before selling.

Higher interest rates and inflation, as well as record home prices, triggered a sharp drop in demand for housing, said Todd Luong, a realtor with Re/Max DFW Associates:  "Here at our Re/Max office in Dallas-Fort Worth, our listings are currently getting on average 2.7 showings per week," Luong said. "Last year, at this same time, our listings were earning on average 5.9 showings per week. That is a huge drop in buyer demand compared to the previous year. Record home prices and higher mortgage rates have forced many potential buyers out of the market, especially first-time homebuyers."

While the latest trends may disappoint some sellers, buyers now have more choices and better opportunities for good deals, Luong said.   Luong said that the DFW housing market has been challenged with low inventory for years and reached an all-time low earlier this year, with only a two-week supply. Now, however, inventory is increasing.  "Although buyers have more choices now, it is still not a balanced market as we only have about a two-month housing supply," Luong said. "In a normal market, you have about a five to six-month supply of housing."

A new report from Zillow also found falling home values, although the numbers didn't match Re/Max's precisely because of different study methods and different geographic definitions of DFW as a metro area, among other reasons.  According to Zillow's findings, the Dallas-Fort Worth metro area's typical home value is $396,904, down 1.1% since June, the first month of decline. Values are up 55.4% since July 2019.

Zillow also reported that the mortgage payment on a typical home in DFW is $2,633 a month, including taxes and insurance. That's up 77.4% compared to July 2019.

According to Zillow, inventory in DFW has risen 10.2% since June, and the share of listings with a price cut in July was 22%, compared to 15.6% in June.  Nationwide, after two years of unprecedented growth, home values fell for the first time since 2012 as competition for houses eased, according to Zillow's July market report.

The slowdown is being driven by decreased competition among buyers. Zillow's analysis says that affordability pressures have pushed many to the sidelines, and buyers are waiting in the wings to resume their search if and when prices relax a bit.  Skylar Olsen, Zillow's chief economist, called the flattening of home values "a badly needed rebalancing.  This slowdown is about discouraged buyers pulling back after the affordability shock from higher rates," Olsen said. "As prices soften, many will renew their interest, and we will continue our progress back to 'normal.'"

Luong said he sees positive signs in the market.  The interest rate for a 30-year fixed mortgage dropped below 5% after peaking in June. More than 290,000 new jobs were added in Dallas-Fort Worth last year, so North Texas has one of the strongest labor markets in the country.   "Reasonably priced homes that are in good condition and move-in ready are still selling very fast," he said. "However, the bidding wars have subsided considerably across the board."

• Dallas Business Journal, August 19, 2022

Want to plan some outings that you and your kids can both enjoy? The DFW is full of family-friendly activities that are entertaining and educational. Our real estate agents love spending quality time with their families at these great spots around the Dallas-Fort Worth area.

• Museum of the American Railroad - 8004 N. Dallas Pkwy., Frisco, TX 75034
  Trains, both real and model versions, have long captivated the imagination of "kids" of all ages. In 1962, the Museum of the American Railroad was founded to preserve this important legacy in our country's history. TrainTopia is an incredibly detailed miniature railroad exhibit that includes a real movie playing at the famous Palo Duro drive-in theater. See pieces of the museum's rolling stock collection during guided tours, which are offered at specific times as the museum conducts its move to the new location near Frisco homes for sale. Hours are 10 a.m. - 5 p.m. Wednesday through Saturday and 1 p.m. - 5 p.m. Sunday. Admission starts at $10 for adults and $5 for ages 3-12.
  
  
• Yogi Kids - Fit Family, 3051 Churchill Dr., Suite 250, Flower Mound, TX 75022
  Yogi Kids incorporates fun activities such as yoga, Pilates, and dance to help your young ones get active and burn some energy. Fit Family also offers preschool play and after-school programs at schools not far from Flower Mound homes for sale. Mom and Dad can join the fun with yoga classes for adults. Visit the website for information about schedules and prices. 
  
  
• ArtCentre of Plano - 902 E. 16th St., Plano, TX 75074
  In 2021, the ArtCentre of Plano celebrated 40 years of supporting and promoting creativity in the local community. Located in historic Saigling House, just down the street from Plano homes for sale, the ArtCentre hosts exhibitions showcasing the works of a diverse range of artists. Don't miss the stunning Sculpture Garden, which includes a series of mosaic tiles honoring various donors to the ArtCentre. Hours are 10 a.m. - 5 p.m. Tuesday through Saturday. 
  
  
• The Dallas Firefighters Museum - 3801 Parry Ave., Dallas, TX 75226
  At one time or another, nearly every kid dreams of becoming a firefighter. Learn more about the contributions of these heroic men and women at the Dallas Firefighters Museum. The historic fire station at Fair Park, only minutes from Dallas homes for sale, has served as the site of the museum since 1975. Exhibits include a steam engine dating back to 1884 along with authentic helmets, uniforms, and equipment from past years. The museum is open Wednesday through Saturday from 9 a.m. - 4 p.m. Tickets are $6 for adults and $4 for children.
  
  
• Cowtown Cattlepen Maze - Fort Worth Stockyards, 145 E. Exchange Ave., Fort Worth, TX 76164
  How well does your family work together? Sharpen your communication and cooperation skills at the Cowtown Cattlepen Maze, near Fort Worth homes for sale. Wooden pathways wind around a span of 5,400 square feet, posing an exciting challenge to everyone's sense of direction and deduction. Scope out the grounds from the spacious second-story observation deck. Hours are 10 a.m. - 6 p.m. daily and admission is $6.

Contact us RE/MAX DFW Associates for help with any of your real estate needs.

September 25 is National Comic Book Day, and in honor of the occasion, we highly recommend paying your local comic book store a visit. We're lucky to have some really great comic shops here in Dallas, Fort Worth, and the surrounding areas.

Of course, we know you don't need a holiday just to raid the bins at your favorite comic book store! If you're wondering where you can always find the latest issue of your favorite comics in the DFW, our real estate agents know just where to go. 

• Cosmic Comics & Cards - 728 E Marshall Dr, Grand Prairie, TX 75051
  Cosmic Comics & Cards is a cozy shop offering an eclectic selection of comic books, games, sports, and non-sports trading cards, action figures, and other collectibles. Located conveniently to many Grand Prairie homes for sale, the shop also has friendly staff to help you find anything you need. Comic fans will find a great selection of new titles as well as thousands of back issues. 
  
  
• Twenty Eleven Comics - 2230 Morriss Rd, Flower Mound, TX 75028
  You can always count on discovering some unique treasures at Twenty Eleven Comics, a family-owned shop whose proprietors have an obvious affection for all things comic-related. Twenty Eleven Comics has tens of thousands of back issues in stock. They're also known for hosting events, including Dungeons and Dragons campaigns and Magic the Gathering tournaments.
  
  
• Red Pegasus Comics - 319 N Bishop Ave, Dallas, TX 75208
  Nestled in the quirky Bishop Arts District of Dallas, Red Pegasus Comics is a great place to discover new comics. Though a relatively small space, the shop is packed with comic books new and old, and they carry all the latest titles from D.C. and Marvel as well as a cool selection of indie comics. Walkable from many Dallas homes for sale, Red Pegasus is definitely a shop that requires return visits. 
  
  
• Zeus Comics and Collectibles - 1334 Inwood Rd, Dallas, TX 75247
  Offering a huge selection of comics, graphic novels, trade paperbacks, and Manga, Zeus Comics and Collectibles is a staple of the Dallas comic book community. They've worked hard to create an inclusive space that's open to all, and the shop was named Dallas' "best pop culture experience" by the Dallas Observer in 2018. They have a vast and well-organized selection of comics in every genre and from every era. 
  
  
• Urban Legends Comic Shop - 3501 Gus Thomasson Rd, Mesquite, TX 75150
  You can browse games, puzzles, and an incredible array of comic books at Urban Legends Comic Shop. The store opened its doors in 2013 and quickly earned a reputation as one of the best places to shop for comics near these Mesquite homes for sale. Urban Legends Comic Shop is especially great for fans of independent comics that are a bit less mainstream than your typical superhero fare, but they carry a bit of everything. 
  
  
• Y2Komics - 5276 Trail Lake Dr, Fort Worth, TX 76133
  Y2Komics has been open for more than 20 years, which makes it the longest-standing comic book shop in Fort Worth. It's also one of the largest, and its shelves and bins are packed with a tremendous variety of comic books. Just minutes from these Fort Worth homes for sale, Y2Komics is a great place to find silver age classics as well as hot new issues, and they also carry games, toys, and all kinds of collectibles. 

Great comic book shops are just the beginning of what the area has to offer. Contact us today to learn more about life in Dallas, Fort Worth, and the surrounding areas!

The parks and trails of the DFW area have so much to offer, and now is the perfect time for an outdoor adventure with your furry friend. Many of the best DFW trails are dog-friendly, with beautiful green spaces to explore and plenty of opportunities for your pup to play with new friends. There are trails located in popular parks and nature preserves and trails that connect multiple local outdoor attractions. Our real estate agents have all of the details, with our guide to 6 trails that you and your dog will love in DFW.

1. Cedar Ridge Preserve – 7171 Mountain Creek Pkwy, Dallas, TX 75249
   The Cedar Ridge Preserve is a nature preserve located close to Dallas homes for sale, with various trails to explore. It's a popular spot for bird-watching, with wooded trails that are also ideal for adventures with your pet. There are a total of 13 short trails winding throughout this outdoor space, all maintained beautifully by a dedicated team of conservationists.

2. Tails 'N Trails Dog Park – 950 SE Green Oaks Blvd., Arlington, TX 76018
   Ideal for dogs who love to socialize, the Tails 'N Trails Dog Park is easy to reach from Arlington homes for sale. This space includes an expansive off-leash dog park that's perfect for playtime, along with trails to traverse. You will frequently find plenty of other dogs here for your pet to play with, especially if you visit on weekends.

3. Northshore Park Trail – 2908 N Park Dr., Flower Mound, TX 75022
   You'll find tons of great trails to explore near Flower Mound homes for sale, including the popular, multi-use Northshore Park Trail. This trail, which is part of Northshore Park, is used by mountain bikers, hikers, and pet owners from throughout Flower Mound. When you're looking for a quiet, secluded spot for a walk, try visiting in the morning or early evening.

4. Preston Ridge Trail – 6994 Belt Line Rd., Dallas, TX 75254
   Looking to explore multiple parks on the same day with your pup? The Preston Ridge Trail connects a variety of parks within Dallas and can even take you all the way to Plano. You can pick up the trail at Fretz Park, then follow it for more than 6 miles as you visit Salado Park, Campbell Green Park, and points beyond.

5. Trinity Forest Trails – 4750 Great Trinity Forest Way, Dallas, TX 75216
   If you're searching for a trail system that offers long, scenic walks, the Trinity Forest Trails are sure to catch your eye. This trail loop runs for more than 10 miles, connecting an eclectic collection of outdoor attractions that include Trinity Forest Golf Course, the Texas Horse Park, and the Trinity River Audubon Center. This trail is twelve feet wide and fully paved, so there's plenty of room for outdoor fun, even when the trail gets busy.

6. Tandy Hills Natural Area – 3400 View St., Fort Worth, TX 76103
   There are plenty of gorgeous outdoor spaces to explore near Fort Worth homes for sale, starting with the 160-acre Tandy Hills Natural Area. This conservation area provides a window into the past of DFW in a classic Fort Worth prairie environment. The land has never been developed and is especially beautiful in the spring when prairie flowers are in full bloom.

Ready to find a Texas home that both you and your favorite pet will love? We can help. Contact us to buy and sell homes throughout the DFW area.

The crisp air of late fall makes this a particularly good time to go for a bike ride in the Dallas-Fort Worth area. And with Go For a Ride Day coming right up on Sunday, November 22, our real estate agents are excited to share some of our favorite bike trails in the DFW.

• Oak Cliff Nature Preserve - 2875 Pierce St, Dallas, TX 75233
  A 121-acre oasis of shady woodlands and rolling wildflower meadows, Oak Cliff Nature Preserve is a great resource for Dallas mountain bikers. Located just minutes from these Dallas homes for sale, the preserve includes 8 miles of multi-use hike and bike trails arranged in six loops. There are many twists and turns, but the terrain is mostly flat and not too challenging.
  
  
• North Shore Trail - 2908 N Park Dr, Flower Mound, TX 75022
  Easily one of the more popular hiking and biking routes in the DFW area, the North Shore Trail follows Lake Grapevine's shoreline and offers some splendid scenery along the way. The trail is made up of two loops totaling 22 miles. The 12.5-mile eastern loop is flat and suitable for beginners, while the western loop is more rugged. Trailheads are located in Twin Coves Park, Rockledge Park, and Murrell Park, a short ride from these Flower Mound homes for sale.
  
  
• Trinity Trails - 3301 Trinity Park Dr, Fort Worth, TX 76107
  Trinity Trails is a 40-mile network of trails in the heart of Fort Worth, mostly near the banks of the Trinity River. Popular among joggers, dog-walkers, and cyclists alike, the trails are mostly paved, meandering through riverfront parks and gardens with some great views of the Fort Worth skyline. The main trailhead in Trinity Park is a stone's throw from many Fort Worth homes for sale. 
  
  
• Big Cedar Wilderness Trails - 8991-8999 Isom Ln, Dallas, TX 75249
  With a mix of single track loops and fire roads totaling about 8 miles, Big Cedar Wilderness Trails offer a great landscape for mountain bikers to explore. Big Cedar Wilderness is a rugged landscape of hardwood forests, cactus-filled valleys, and Dallas's highest point. The trails are maintained by the Dallas Off-Road Bicycle Association (DORBA) and open to the public Tuesday through Saturday from dawn until dusk. 
  
  
• Denton Katy Trail - 604 E Hickory St, Denton, TX 76205
  An urban bike trail that runs parallel to the DCTA commuter rail line in Denton County, the Denton Katy Trail offers a great opportunity to explore some of the other communities north of Dallas. Passing through urban centers, residential neighborhoods, and industrial areas, the trail is popular among families, recreational cyclists, and even commuters looking for an alternate route to work. The trail begins at the Denton Downtown Transit Center near these Denton homes for sale, and runs 16 miles south to Lake Dallas.
  
  
• Marion Sansom Park - 2501 Roberts Cut Off Rd, Fort Worth, TX 76114
  With shady woods, picturesque waterfalls and views across the glassy surface of Lake Worth, Marion Sansom Park is one of the best places in Fort Worth for hiking and mountain baking. This urban oasis offers several mountain bike loops ranging in difficulty from beginner to advanced. In total, about 11 miles of trails are open to cyclists, and the park offers a great opportunity to hit the trail without leaving the city. 

Contact us today to learn more about life in the Dallas-Fort Worth area. From wide-open spaces to vibrant cities and towns, it's an incredible place to live, and our  team is always ready to help you find your dream home. 

North Texas home sales dropped in September by the largest percentage in more than seven years. Preowned home sales in the area fell by 7 percent from September 2017. That was the biggest year-over-year sales decline since early 2011, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.  Home sales by real estate agents have been down in three of the last four months. Higher mortgage costs and years of rising home prices have caused some buyers to pull back from the market.  Mortgage rates on average are currently about 4.7 percent — the highest level in seven years — and are expected to go higher in 2019.  With September's sales decline, preowned home sales by real estate agents in North Texas are now flat with the same period of 2017. A record of more than 106,000 homes sold in the area last year.  "We think things are going to be flat," said Dr James Gaines, chief economist for the Real Estate Center. The Dallas-Fort Worth housing market has cooled significantly since early in the year when sales were still up by double-digit percentage rates from 2017 levels.

Home price growth has also slowed.  Median home sales prices rose by 4 percent in September from a year earlier to $251,000.  For the first nine months of 2018, prices are up 5 percent from the sale period in 2017. With sales declining, the number of houses on the market in North Texas has growth to 25,895 preowned single-family homes listed with real estate agents at the end of last month. That's 16 percent more homes for sale in the area than a year ago.  On average it took 44 days to sell the houses that trade in September — up 5 percent from a year earlier. Currently there is about a 3-month supply of homes available for purchase in the more than two dozen North Texas counties included in the survey.

• Dallas Morning News, October 9, 2018