Good News Real Estate Reports For Texas

Even amidst all the national real estate challenges, here are some exciting news quoted recently about Texas and our North Texas communities. Recent observations and predictions by leading economists and business experts indicate the Texas real estate market is growing stronger.

“Texas housing prices are holding up.”

“27% of all US jobs created in 2007 were in Texas.”

“Energy activity is strong and exports are increasing.”

Mine Yucel
Federal Reserve Bank of Dallas
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“Texas ranked No 1 in the US in job growth for 2007.”

Susan Combs
Texas Comptroller of Public Accounts
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“5-year forecast for the Dallas market – 25% to 40% gain.”

“Improving economy in the second half of 2008.”

Lawrence Yun, PhD

Chief Economist
National Association of REALTORS
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“Decline in housing starts is near the bottom.”

“Favorable corporate profits picture.”

“Oil prices are leveling out.”

“Predicts economic recovery by early 2009.”

Mark Dotzour
Chief Economist
Real Estate Center Texas A&M
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For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

Posted by:
Brenda Magnes, Brenda Blaser & Pam Yoakum – MBY Realty Group
Ebby Halliday Realtors Southlake
www.MBYRealtyGroup.com

Southlake and Grapevine Texas Home Values Appreciate in Q1 2008

SOUTHLAKE, TEXAS – In a report released today from the leading online home value site Zillow for the first quarter of 2008, the US is experiencing Record-Breaking Declines (-7.7%) in year-over-year home values (YoY). While that may not be bad news for some, the Dallas metro area was one of 30 markets (out of 160) which showed home value appreciation from a year ago (1.1%).

Local Area Highlights:
City: Grapevine, TX
One year change: +3.4%

City: Southlake, TX
One year change: +3.6%

According to the Dallas Business Journal, three key reasons that have helped maintain a strong home value in the area are; (1) Zoning regulations and an ample land supply; (2) A robust job market; (3) It’s physical location (central to both U.S. coasts and Mexico). Dallas has consistently outpaced the rest of the country on nearly every important economic stability indicator and is currently running counter to national housing trends.

For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

Local Market Trends Report – 10 Vital Statistics for Westlake/Trophy Club, Texas

10 VITAL STATISTICS – Westlake/Trophy Club, TX

Feb-08

Month ago Year ago
1- Total Active Residential Listings 131 124 121
2- Ave List Price $279,763 $339,057 $689,417
3- Ave Sale Price $274,278 $335,700 $682,592
4- Median Sale Price $271,000 $257,500 $284,000
5- Sale/List Price Percent 98% 99% 99%
6- Sales Price per Square Foot $100 $122 $188
7- Ave Market Time 64 Days 86 Days 76 Days
8- Number Sales Month / YTD 10 / 18 8 / 8 11 / 22
9- Number of Months of Supply 8.4 months 7.9 months 6.5 months
10- Prime Interest Rate 5.00 5.25 8.25

For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.

http://www.mbyrealtygroup.com/westlake-TC-feb-2008.html

Local Market Trends Report / 10 Vitial Statistics for Keller, Texas

10 VITAL STATISTICS – Keller, TX

Feb-08

Month ago Year ago
1- Total Active Residential Listings 455 447 406
2- Ave List Price $300,613 $429,872 $279,339
3- Ave Sale Price $291,858 $417,352 $271,203
4- Median Sale Price $270,000 $372,500 $205,250
5- Sale/List Price Percent 97% 97% 97%
6- Sales Price per Square Foot $99 $120 $103
7- Ave Market Time 83 Days 91 Days 76 Days
8- Number Sales Month / YTD 65 / 97 32 / 32 54 / 111
9- Number of Months of Supply 6 months 6 months 4.5 months
10- Prime Interest Rate 5.00 5.25 8.25

The following report was prepared using information provided by NTREIS, through Feb. 29, 2009.
Prime Interest Rate data provided by bankrate.com.

http://www.mbyrealtygroup.com/keller-feb-2008.html

For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

Local Market Trends Report / 10 Vital Statistics for Colleyville, Texas

10 VITAL STATISTICS – Colleyville, TX

Feb-08

Month ago Year ago
1- Total Active Residential Listings 236 242 229
2- Ave List Price $598,807 $464,004 $525,802
3- Ave Sale Price $575,776 $450,490 $510,488
4- Median Sale Price $434,000 $375,000 $385,500
5- Sale/List Price Percent 96% 97% 97%
6- Sales Price per Square Foot $136 $120 $130
7- Ave Market Time 73 Days 94 Days 68 Days
8- Number Sales Month / YTD 30 / 44 14 / 14 33 / 66
9- Number of Months of Supply 6.4 months 6.6 months 5.4 months
10- Prime Interest Rate 5.00 5.25 8.25

For a local market analysis of the homes in your neighborhood, click here to request our FREE Market Snapshot.

The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.

http://www.mbyrealtygroup.com/colleyville-feb-2008.html

Local Market Trends Report / 10 Vital Statistics for Grapevine, Texas

10 VITAL STATISTICS – Grapevine, TX

Feb-08

Month ago Year ago
1- Total Active Residential Listings 159 151 128
2- Ave List Price $250,914 $277,672 $225,179
3- Ave Sale Price $245,896 $272,228 $220,764
4- Median Sale Price $240,000 $256,500 $205,250
5- Sale/List Price Percent 98% 98% 98%
6- Sales Price per Square Foot $109 $103 $100
7- Ave Market Time 53 Days 76 Days 55 Days
8- Number Sales Month / YTD 37 / 63 26 / 26 36 / 68
9- Number of Months of Supply 3.3 months 3.2 months 2.4 months
10- Prime Interest Rate 5.00 5.25 8.25

For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

The following report was prepared by MBY Realty Group using information provided by NTREIS, Prime Interest Rate data provided by bankrate.com.

http://www.mbyrealtygroup.com/grapevine-feb-2008.html

Local Market Trends Report / 10 Vital Statistics for Southlake, Texas

10 VITAL STATISTICS – Southlake, TX

Feb-08

Month ago Year ago
1- Total Active Residential Listings 290 245 230
2- Ave List Price $736,488 $594,003 $659,893
3- Ave Sale Price $708,143 $576,702 $634,496
4- Median Sale Price $529,500 $532,450 $572,500
5- Sale/List Price Percent 96% 97% 96%
6- Sales Price per Square Foot $161 $146 $147
7- Ave Market Time 66 Days 58 Days 101 Days
8- Number Sales Month / YTD 31 / 60 29 / 29 40 / 73
9- Number of Months of Supply 6 months 5 months 4.4 months
10- Prime Interest Rate 5.00 5.25 8.25

The following report was prepared using information provided by NTREIS, through Feb. 29, 2009.

Prime Interest Rate data provided by bankrate.com.

http://www.mbyrealtygroup.com/southlake-feb-2008.html

For a local market analysis of homes in your neighborhood, click here to request our FREE Market Snapshot.

Consider Traveling, Visiting Or Relocation To The City Of Grapevine, Texas, USA.

Grapevine is the premier leisure destination in North Texas. With extraordinary hotels, a variety of stores for great shopping, an abundance of restaurants, attractions for everyone in the family and a one-of-a-kind urban wine trail, a weekend in Grapevine is a wonderful experience. To enhance your getaway, choose one of the incredible weekend packages available from the hotels and resorts in Grapevine.


Mark your calendar for these great 2008 events

Main Street Days – May 16, 17 & 18

Fireworks Extravaganza & 9/11 Flight Crew Memorial Dedication – July 4, 2008

GrapeFest – September 11, 12, 13 & 14

Nash Farm Fall Roundup! – October 11

Butterfly Flutterby – October 18

Christmas Capital of Texas – Weekends in December

North Pole Express – Weekends in December

Grapevine Market

Liberty Park Thursdays and Saturdays 9:30 a.m. – 2:00 p.m. Visit Grapevine Market in Historic Downtown Grapevine and discover its unique merchants in an open-air, European-style shopping experience. Thursdays and Saturdays from, April 17 to October 18, 2008, the Grapevine Market operates from 9:30 a.m. – 2:00 p.m.


Movies at the Palace Theatre

Amelie May 2, 2008 7:50 p.m

Tickets are $7.50. Receive a $2.50 discount with a same-day receipt from a Grapevine merchant. Popcorn is always $1.

BUY TICKETS HERE

Main Street Days May 16, 17 & 18, 2008 Historic Downtown Grapevine

Grapevine is the perfect spot for active lifestyles and outdoor enthusiasts. The 24th Annual Main Street Days will showcase Grapevine’s adventurous side and natural resources through various outdoor and recreational activities. Festivities include an outdoor exhibition featuring demonstrations, education, and hands-on activities. Festival guests will have the chance to watch and/or participate in a variety of adventures!

Ridin’ Rails | BMX Bike Show | Fishing Tank | Grapevine Vintage Railroad Excursions | Heritage Gunfighters | Kayaking | Lumberjack Show | Quad Jump | Rock Climbing Wall | Scuba Diving | Winery Shuttle | Lake Grapevine Runners and Walkers 10K hike.

Festival Hours Friday, May 16· 10 a.m. – 11:30 p.m. Saturday, May 17 · 10 a.m. – 11:30 p.m. Sunday, May 18 · 11 a.m. – 6 p.m.

Admission Friday-10:00 am to 5:00 pm – FREE Adults – $ 7.00 Seniors (62+) – $ 5.00 Children (6-12) – $ 5.00 Under 6 – Free Weekend Pass Pin – $15.00 Souvenir Weekend Pass $20.00

Dallas Bead Renaissance Show

Grapevine Convention Center 1209 S. Main St. 817-410-3459 Public welcome – admission free

May 16, 17 & 18, 2008 Friday & Saturday 10 a.m. – 6 p.m. Sunday 10 a.m. – 5 p.m.

The ultimate bead, button & jewelry event. Retail & wholesale vintage, contemporary & gemstone beads, designer beads, buttons & jewelry, bead books, tools & supplies bead & wire wrap classes offered. Check web site for information, exhibitor list & classes www.beadshow.com or call 575.894-1293

Entertainment & Arts Animated holiday   light show

Glass Cactus at the Gaylord Texan Resort

Smash Mouth Live in Concert Friday, May 23, 2008

For a complete list of Entertainment

Grapevine Opry at the Palace Arts Center

May 24, 7:30 p.m. “IN MEMORY OF: A special pre-Memorial Day patriotic tribute”

View the schedule…

Empty Bowl-A-Thon

Art & Clay on Barton 334 S. Barton 817-251-5193

Join local artists during Main Street Days to create a bowl – either thrown, hand-built or paint a bisque bowl to donate to the annual “Empty Bowls” fundraiser. Trinity Ceramics is donating the clay and owner/artist, Betty Monette, is providing the bisque bowls and glazes. Donations will be accepted to offset expenses. The goal is to create 200 bowls.

For a complete list of Grapevine Galleries…

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To find an address, business or other location in
Grapevine, Texas CLICK HERE

For printable driving directions to Grapevine, Texas
from anywhere in the US CLICK HERE

Historic Grapevine, Texas Has Something For Everyone

GRAPEVINE, TEXAS – Historic Grapevine, Texas is a charming town of nearly 50,000 located in the heart of the Dallas/Fort Worth area that offers big-city amenities while maintaining small-town friendliness. Home to DFW International Airport, Grapevine is conveniently located with both Dallas and Fort Worth just a short 20-minute drive away.

Visitors are invited to step back in time and explore Grapevine’s beautifully restored Historic Main Street District, chock-full of unique galleries, antique stores, specialty shops and restaurants. Grapevine’s Main Street is listed on the National Register of Historic Places and is only seven minutes from the airport.

Discover the best in Texas wine at one of Grapevine’s nine winery tasting rooms or tempt your palate at one of Grapevine’s 200-plus restaurants. Enjoy world-class shopping at Grapevine Mills – the largest value-oriented shopping experience in the Southwest – and Bass Pro Shops Outdoor World, with more than 200,000 square feet dedicated to the great outdoors. Stay in one of Grapevine’s 5,000 guestrooms that meet any traveler’s needs and budget. Hop aboard the Grapevine Vintage Railroad, catch a show at the Grapevine Opry, or visit one of Grapevine’s many festivals – all of which bring more than 1 million visitors to Grapevine annually.

HERITAGE
Grapevine boasts a colorful and proud heritage that began in 1844 when settlers first moved to the prairie that earned its name from wild Mustang grapes that grew prominently in the area. In the 160-plus years since then, Grapevine has experienced tremendous growth – but its friendly, Texas-proud spirit is still evident. In Grapevine, more than 75 historic structures have been lovingly preserved. Fascinating walking tours allow visitors to see Grapevine’s past first-hand, including its thriving Main Street District.

Another area rich in history, the Historic Cotton Belt Railroad District, allows visitors the opportunity to step into a restored Cotton Belt Depot from 1901 that serves as the Grapevine Visitors Information Center and is home to the Grapevine Historical Museum. The Cotton Belt Railroad District also houses a restored 1888 Section Forman’s House, a fully operating blacksmith shop and one of Grapevine’s Historic homes – the Bragg House. Throughout the District, visitors can see artisans demonstrate their skills at a variety of crafts from glass blowing to bronze art.

For day-time, family fun, the Grapevine Vintage Railroad offers excursions led by a beautifully restored 1896 steam engine dubbed “Puffy.” The Grapevine Vintage Railroad takes passengers over 21 miles of track, from Historic Downtown Grapevine to Fort Worth’s Stockyards Station. A one-way ride is approximately one hour and fifteen minutes.

FESTIVALS
Grapevine celebrates several events throughout the year, with GrapeFest headlining the city’s broad festival line-up. The largest wine festival in the Southwestern United States, GrapeFest draws more than 250,000 people each September and is more than 20 years old. In the spring, Grapevine has celebrated its heritage and the beginning of summer with Main Street Days for more than two decades. For 15 years, Grapevine has celebrated its wine-making history and thriving wine industry with the New Vintage Wine Trail in April. This event includes the Jazz Wine Train, the Blessing of the Vines and New Release Wines, with shuttle rides to Grapevine’s winery/tasting rooms.

ENTERTAINMENT
Grapevine’s Historic Palace Arts Center – which includes the fully-restored Palace and Lancaster Theatres – is a main hub for downtown entertainment in Grapevine. The Palace Theatre, built in 1940, houses the Grapevine Opry – one of the best country and western reviews this side of Nashville. The Palace and Lancaster Theatres are also home to a number of different performing arts groups.

For a true night club experience, Grapevine offers the Glass Cactus. A state-of-the-art live-music venue and nightclub on Lake Grapevine, the Glass Cactus offers live music seven days a week and late-night entertainment daily until 2 a.m.

In addition to the Palace Arts Center and the Glass Cactus, live music is offered in many of Grapevine’s Main Street unique establishments in Historic Downtown on nights and weekends.

SHOPPING
Whether you’re on Historic Main Street or at one of our shopping centers, Grapevine offers options for any shopper’s taste and budget. An incredible array of unique gift ideas are waiting to be discovered in our Historic Downtown where you can find antiques, arts & crafts, galleries, wine, gourmet foods, home furnishings, boutiques, and hand-crafted items in the Railroad District. Finally, to round out your shopping experience, visit Grapevine Mills – the largest value-oriented shopping experience in the Southwest – and Bass Pro Shops Outdoor World, with more than 200,000 square feet dedicated to the great outdoors, or the Grapevine Towne Center.

DINING
With more than 200 restaurants, Grapevine has enough culinary variety to satisfy any palate or budget. From fine dining to fast food, Italian to Tex-Mex, chicken-fried to Chinese, tearooms to Texas barbecue, – it’s all available in Grapevine.

RECREATION
Not only is Grapevine home to fine shopping, restaurants and attraction, it also offers a host of recreational opportunities for visitors. Lake Grapevine, a 7,000-plus acre recreational lake, offers a host of opportunities for outdoor activity, including boating, water skiing, wind surfing and other aquatic activities. Grapevine also offers 26 parks and more than 22 miles of hike and bicycle trails.

Golf enthusiasts can hit the links at Grapevine’s top ranked golf courses, including the Dallas Cowboy’s Golf Club, and Bear Creek Golf Club. Grapevine is also home to the innovative Texas Indoor Golf Facility, which features simulated golf action on famous courses in a climate-controlled setting.

Lake Grapevine is the perfect place for boating, fishing, camping and picnic facilities. With 146 miles of rolling shoreline and more than nine miles of wilderness trails, Lake Grapevine is also one of the finest hike/bike destinations in the Dallas/Fort Worth area.

WINERY TASTING ROOMS
Grapevine is the only place in the DFW Metroplex with a 10-acre vineyard and nine winery tasting rooms. Texas is now the fifth-largest wine-producing state in the U.S., and Grapevine is a center of this booming industry.

ACCOMMODATIONS
Grapevine is home to several world-class hotels like the Gaylord Texan and Great Wolf Lodge with all the amenities visitors would expect from a first-rate resort, as well as home to several mid-priced economy hotels. If you need a place to catch your breath and rest your head, Grapevine can fit the needs of any traveler for any season.

To find an address, business or other location in Grapevine, Texas CLICK HERE

For printable driving directions to Grapevine, Texas from anywhere in the US CLICK HERE

Southlake Real Estate Blog

This blog is devoted to discussing new properties, local communities and general market conditions in the north Ft. Worth / Dallas, Texas communities including; Southlake, Texas; Westlake, Texas; Trophy Club, Texas; Colleyville, Texas; Grapevine, Texas; Keller, Texas.