Pending home sales are up for the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 3.6 percent to 94.6 from an upwardly revised reading of 91.3 in May, and is 6.7 percent above June 2008 when it was 88.7. The last time there were five consecutive monthly gains was in July 2003.
Let's take a look at what our local Dallas real estate market was like in July:
Dallas Real Estate Sales Statistics
Dallas real estate sales were down 6 percent in July with 310 fewer homes sold. The averages sales price dropped $10,800 or 5 percent while the median price increased $1,300 or 1 percent. The number of homes for sale decreased 18 percent causing the months of inventory to decrease by .01 percent.
July 2009
Homes Sold: 4,815
Average Sales Price: $209,700
Median Sales Price: $164,800
Total Number of Listings: 24,387
Months Inventory: 6.5
July 2008
Homes Sold: 5,125
Average Sales Price: $220,500
Median Sales Price: $163,500
Total Number of Listings: 29,724
Months Inventory: 6.6
In Dallas:
Tax-Free Shopping Weekend
Texas shoppers get a break from state and local sales taxes on the state's annual tax holiday. Lay-away plans can be used again this year to take advantage of the sales tax holiday at participating stores. See website for details.
KRLD Restaurant Week Presented by Central Market
Take advantage of sizzling dining deals at local hot spots during KRLD Restaurant Week, while supporting North Texas charities. Enjoy tasty three-course prix fixe meals priced at only $35/person (tax, tip and drinks billed separately). Reservations required. Founded by KRLD Radio, the 12th annual promotion benefits the North Texas Food Bank in Dallas ($7 of each meal goes to charity). Look for a full list of participating restaurants according to the website.
Mamma Mia
On the eve of her wedding, a daughter's quest to discover the identity of her father brings 3 men from her mother's past back to the island they last visited 20 years ago.
Phantom
The Tony Award winning authors have transformed Gaston Leroux's "Phantom of the Opera" into a rapturous and entrancing musical masterpiece. Shows are Thursdays through Sundays.
Style Stay-Cation Trunk Show
Come and shop for apparel, accessories, jewelry, body care and gifts from talented local designers; update your look with help from a professional make-up artists; and unwind with a relaxing chair massage.
ArtVentures
Family-centered activities where parents and kids will explore life sunnyside UP through the creation of art inspired by Roberta Harris exhibit, UP. Free with museum admission.
Go Pink at Texas Discovery Gardens
Please join us for a very special event as we will be raising money for the Breast Cancer 3-Day when we Go Pink at Texas Discovery Gardens. We will offer photo sessions for a $25.00 donation, t-shirt and photography sale, and more! Reserve your spot by emailing me at aliepps@sbcglobal.net for more information. Hope to see you there.
In Frisco:
Roughrider Baseball
Come out and enjoy a night of baseball where our Roughriders host the Naturals at Dr Pepper Ballpark. Saturday 7pm-9pm and Sunday 6pm-9:30pm.
In Grapevine:
Metroplex Glass Show & Sale
25 Leading Dealers selling American antique and collectible glassware including elegant glass, depression glass, art glass, as well as china, pottery and kitchen collectibles.
In McKinney:
GuitarFest McKinney
GuitarFest McKinney provides guitar players the chance to study in group or in private settings with Carlo Pezzimenti (classical guitar), Chris DeRose (jazz guitar), Mark Hanson and Doug Smith (both Grammy-winning fingerstyle guitarists) as well as local guitarist/local studio owner John Wynn.
YAG Melodramas
Foiled by an Innocent Maid will keep the audience on the edge of their seats with its captivating plot. And The Scheme of the Driftless Shifter provides comic relief as amateur actors attempt to put on a melodrama but to no prevail as they are constantly forgetting lines and having technical issues.
Horse Show
The Morgan Horse Club of Texas is at Myers Park & Event Cetner on August 23, 2009. A horse show is a judged exhibition of horses and ponies. Many different horse breeds and equestrian disciplines hold competitions worldwide, from local to the international levels.
In Dallas:
USA Gymnastics Visa Championship
The Visa Championships feature the country’s best gymnasts at both the junior and senior elite levels vying for national titles and spots on the U.S. National Team.
USA Gymnastics National Congress & Trade Show
The 45th Annual USA Gymnastics National Congress is a three day educational event open to the entire gymnastics community. Held in conjunction with the 2009 Visa Championships, National Congress provides a unique opportunity to attend presentations, demonstrations and educational seminars on a variety of topics within the sport - all in one location.
22nd Annual Highland Village Lions Club Balloon Festival and Fair
Hot Air Balloon Races and Glows, Live Bands including Linda Atwell Duo, The Kat Moore Band, The Fog, Cross Timbers Bluegrass, The Jesse Vick Band, Joe Jonas Band, Games, Art & Crafts Booths, Food, Bounce Houses, Car Bash, Raffle Prizes, JROTC, Model T Ford Collection boxes for eyeglasses, sunglasses and cell phones. Parking $5 donation.
Arthouse 5×7 On The Road
Five x Seven is an annual fundraiser, art sale and exhibition benefiting Arthouse exhibitions and educational programs. Hundreds of recognized contemporary artists with strong ties to Arthouse create unique works of art on identical 5″ x 7″ boards. Each board is only $100.
Earth-Kind Environmental Stewardship Day
Come out for this annual day-long series of classes and learn about WaterWise gardening, water conservation, and environmental stewardship for home owners. Bring a sack lunch and enjoy the beauty of the gardens. 9 to 3 pm.
In Rockwall:
Dog Days of Summer
The first “Dog Days of Summer” will be celebrated August 15th on the south side of the courthouse on the Downtown Square during the Farmer’s Market from 8 a.m. until noon. There will be contests which will include Best Costume, Best Doggy Trick and Best Smooch. Registration begins at 8 a.m. and contest starts 8:30 a.m., the cost is $5 per dog.
Doggie Swim Day
Bring you doggie down to Myers Park pool at 10 a.m. until 2 p.m to cool off on August 15th. There will be a swim suit contest, a dog paddle race and retrieving contest. Proof of current rabies vaccination is required and the cost is $5 per dog.
In McKinney:
Third Monday Trade Days
For last-minute back-to-school needs, shop Third Monday Trade Days, August 14-16. You’ll find teacher and school supplies, the latest trends in clothing and accessories, and sporting goods as well as unique gifts and delightful home décor-all at bargain prices.
In Grapevine:
Isis & the Star Dancers
Isis and the Star Dancers is a wonderful group of Middle Eastern (bellydance) and Polynesian (Hula) dancers based in Dallas\Ft. Worth, Texas.
Hubba Bubba Bubble Train
Join us for a great time on the train today. Each child will receive a free bubble maker kit. As we go down the track bubbles will flow at each crossing while they last. It’s just good clean fun for the whole family.
In Plano:
Quilt Plano 2009
The Quilters Guild of Plano presents their 10th biennial quilt show observing over 27 years serving the greater Plano area. There will be approximately 300 quilts on display, a miniature quilt auction, kids quilts on exhibit, over 35 vendors selling and demonstrating quilt related products and sewing machines as well as longarm quilting machines.
Recent statistics show over 12 percent of all United States mortgages are in default, meaning more than 8,760,000 families are in distress situations and facing possible foreclosure of their homes. If you are a Plano TX home owner in distress, I can help. As a Certified Distress Property Expert (DCPE), I have the experience and training to help families in distress.
Foreclosure is not the only option for Plano TX home owners. A short sale may be able to save you, your family and your home. When I suggest a short sale to many Plano TX home owners, they often ask, “What is a short sale?”
A short sale is when you owe an amount on your property that when combined with closing costs and commissions is higher than the current market value.
A short sale can take place when a negotiation is entered into with your mortgage company or companies to accept less than the full balance of the loan at closing. A buyer closes on the property and the property is considered ’sold short’.
A short sale is a very involved process that takes time, patience, good communication skills, organization and professionalism. I have the skills necessary to help you save your home.
If you or someone you know is behind on your payments or have a hardship situation, give me a call for a private consultation. Together we can look at your options and plan a course of action to save your Plano TX home.
Joshua Harley, Realtor and owner of Texas Home Central Realtors has received the designation of “Certified Distressed Property Expert” (CDPE) to help families avoid foreclosure. The training is a rigorous 21+ hour course designed to help Realtors counsel homeowners, and help families avoid foreclosure.
Alex Charfan, founder of the Certified Distressed Property Expert Designation (CDPE) believes that in almost all cases the best person for a homeowner in distress to speak with is a well informed Licensed Realtor® that has the tools needed to help that homeowner find the best solution for their situation.
Foreclosure is a devastating financial and emotional process for homeowners and their families to go through, and in many cases they do so alone and without help of any kind.
A North Dallas Realtor who has earned the CDPE Designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with. The CDPE Professional is an agent who understands the full range of solutions and is ready to help.
Short sales are one option available to homeowners who have experienced a hardship. A short sale allows a property to be sold for less than the current loan balance. With plummeting property values, this can save many families from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
National statistics show 1 out of 10 homeowners are in default on their mortgage with hundreds of homes in danger of foreclosing and hundreds of families in turmoil. While experiencing financial distress is difficult for any family, the process of finding a real estate professional shouldn’t be. Selecting a CDPE agent ensures you are dealing with a professional ready to address your needs.
You can learn more about avoiding a Plano TX foreclosure by visiting TexasHomeCentral.com. Joshua can be reached at 972-562-0896, or via email.
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