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Luxury Homes & Land See Strong Demand

Luxury homes and land continue to see strong demand in North Texas. Expensive properties have been driving up nominal prices in North Texas for several months. March 2024 sales data shows average home prices in Denton County up 7.4 percent from last year. Before you get excited, most of the price appreciation over the last few months has been centered in the luxury home market and inflated land values. Zooming in to normal single-family homes between 1500-3500 square feet, average prices increased by 4.1 percent over the past year. In fact, the average price for [...]

By |2024-08-13T11:04:35+00:00April 10th, 2024|Denton County Home Prices, Denton County Homes For Sale, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Property Taxes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, In the Press, Monetary Policy, Mortgage Rates|0 Comments
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Denton County “Home” Prices Finish 2023 Where They Started

Denton County home prices finished out the year right where they started. A strong start to 2023 saw prices and sales activity continue to move higher into the summer. That's when the Denton County housing market essentially stalled out. A subsequent rise in mortgage rates to the eight percent mark brought a double-dip in the market and another round of softness. The Yellen pump and the Powell pivot helped to lower rates slightly over the last two months of the year and prevent the market from sliding further. The official stats for Denton County in [...]

By |2024-08-13T11:07:48+00:00January 10th, 2024|Denton County Home Prices, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates, Spin Cycle, Texas Property Taxes|0 Comments
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North Texas Housing Market Stalls with Eight Percent Rates

The North Texas housing market continued to cool with mortgage rates rising to eight percent in October. Closed sales in Denton County fell 9 percent from a year ago. Pending contracts slid 2 percent. Inventory remained steady at 2.5 months of supply. Percent of list and days on market were relatively unchanged. Median home prices in Denton County slid to $450,000 in October, down 1.3% from a year ago. Average prices cooled as well, sliding to $538,063. Prices have cooled for 3 months in a row. It's not just normal seasonality at play. Higher mortgage [...]

By |2024-08-13T11:13:33+00:00November 10th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County New Homes, Denton County Real Estate, Denton County Relocation, Denton Realtor, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Economy, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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Denton County Real Estate Market Appears to Be Stalling Out

Is the real estate market rebound stalling out? Denton County home prices edged higher again in June. The median price of home rose to $479,000, down 1.2% from the same time last year. Average prices in Denton County came in at $568,837. That was down 1.1 percent year-over-year. Average prices are still $20,000 shy of the spring 2022 bubble peak. Judging from the recent uptick in inventory levels and the typical seasonality of prices, it appears North Texas home prices will have to wait another year or more before we see those lofty levels again. [...]

By |2024-08-13T11:20:22+00:00July 11th, 2023|Denton County Home Prices, Denton County Homes For Rent, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, DFW Relocation, Housing Market, Monetary Policy, Mortgage Rates|0 Comments
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Denton County Home Prices Fail To Recapture 2022 Peak

Denton County home prices have so far failed to recapture their 2022 highs. Official NTREIS stats show median home prices in Denton County Texas were 7 percent ($35,000) lower than May of last year. Average prices were down 6.8 percent ($40,000) year-over year. Home sales in the area were down 3.9 percent from this time last year. Stagnant sales volumes remain a theme with 6 and 7 percent interest rates taking a bite out of affordability for many prospective buyers. Pending contracts in Denton County were 7 percent lower year-over-year in May. Available home inventory [...]

By |2024-08-13T11:21:08+00:00June 11th, 2023|Denton County Home Prices, Denton County Homes For Sale, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Monetary Policy, Mortgage Rates, Politics|0 Comments
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Denton County Home Prices Bounce, But Still Lower Than a Year Ago

The Denton County and North Texas housing market continued to bounce in April. Median home prices were up over $40,000 from January, but still down 1.6 percent from April of last year. The ridiculous bubble from the spring of 2022 continues to make for tough year-over-year comparisons. Thin resale inventory and higher prices are still taking a toll on sales. Closed sales in Denton County were down 8 percent from a year ago, while pending contracts were 5 percent lower. With the tighter conditions this spring average days on market fell to 51 days. Average [...]

By |2024-08-13T11:22:01+00:00May 11th, 2023|Denton County Home Prices, Denton County Homes For Rent, Denton County Homes For Sale, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton County Relocation, Denton Realtor, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Property Taxes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Lease, DFW Homes For Sale, DFW New Homes, DFW Real Estate, DFW Relocation, Housing Market, Housing Policy, Mortgage Rates|0 Comments
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Denton TX Home Prices Hit New Record, DFW Real Estate Closes Out Strong Summer

Denton Texas hit a new record in August, with average home prices pushing above $284,000 for the month. The average price of a single-family home in Denton TX pushed above $290,000 for the month, eclipsing the previous record set in June. The plunge in mortgage interest rates back to near record lows kept the summer sales momentum going for the local real estate market. Denton County saw home sales rise about 10 percent compared to August of last year, while pending sales look to post a slight gain as well. Flat pricing in Denton County [...]

By |2020-03-28T21:31:40+00:00September 10th, 2019|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Property Taxes, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, DFW Relocation, Economy, Housing Market, Mortgage Rates, New Home Sales, Relocation, Texas Real Estate|0 Comments
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Hunter Ranch Cole Ranch Development Presented To Denton City Council

The Denton City Council received a detailed presentation from Hillwood and Stratford Land representatives during Tuesday work session. The proposed master-planned community of Hunter Ranch and Cole Ranch would encompass roughly 6000 acres and bring 15,000 new homes to the City of Denton, boosting Denton's housing stock by nearly 50 percent if the project were to be approved. A central question at the Denton City Council meeting was whether or not a special financing district or MMD (Municipal Management District) is the best path for the city to partner with developers Hillwood Communities and Stratford [...]

By |2022-01-05T03:35:16+00:00January 16th, 2019|Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Property Taxes, Denton TX Real Estate, Development, Texas Real Estate|0 Comments
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Tax “Reform” Makes Denton County Property Taxes Even Less Appealing

The Tax Cuts And Jobs Act was signed into law this week, and a significant portion of your Denton County property taxes may no longer be deductible under the new law in 2018. Aside from being one of the worst researched and most ill-conceived pieces of legislation in modern history, the new tax bill is very favorable to corporate America. Unfortunately the new tax "reform" is not exactly friendly to home ownership. It remains to be seen how the new tax law will affect DFW area home prices, but the new rules certainly don't favor [...]

By |2017-12-23T00:57:57+00:00December 23rd, 2017|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County Property Taxes, Denton County Real Estate, Denton Tx Home Prices, DFW Home Prices, DFW Real Estate, Housing Policy, In the Press, Mortgages, Politics, Texas Real Estate|2 Comments
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NAR: Existing Home Sales Fizzle In February As Affordability Evaporates

The National Association of Realtors reported that existing home sales fizzled in Februrary, falling to a seasonally adjusted annual rate of 5.08 million. This was a sharp decline from January numbers but 2 percent higher than a year ago. NAR's chief economist, Lawrence Yun, mentioned the stock market, poor weather on the East coast, as well as supply and affordability issues. At least he got one of the four correct! The real problem surrounding the U.S. real estate market is a lack of affordability. Home prices have been levitated back to the previous bubble levels [...]

By |2018-05-13T20:34:47+00:00March 21st, 2016|Existing Home Sales, Housing Policy, Mortgage Rates, Texas Home Prices, Texas Real Estate|2 Comments
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Aaron Layman Realtor Denton County Texas Questions? Call me now at
940-209-2100

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