Murphy, TX

Murphy TX Real Estate Market Report for October 2011

October home sales in Murphy TX continue to climb up! There were 26 homes sold with a median sales price of $285,089. Last year during the month of October 18 homes sold with a median sales price of $276,503. The average days on market during 2011 was 83 days and in 2010 114 days. What’s really interesting is the number of new construction homes that were sold last month.

Nearly 40% of the home sales in October were due to new homes being built in Murphy. It is good to see new construction taking off again. And a good indication of the economy in Murphy. One contributing factor could also be that interest rates on home loans has started to edge upwards. The lower the rate the more home a qualified buyer can purchase. That’s a good indication that now really is the right time to buy.

The neighborhood of Maxwell Creek continues to be the leading neighborhood in sales. There were 11 homes sold with 9 of the 11 homes representing new construction. Windy Hill Farms came in second with 5 homes sold all by individuals aka pre-owned home sales. A single home in Windy Hill Farms was a REO, Real Estate Owned (foreclosure). The number of REOs available on the market has dropped significantly but they are always going to be a part of the overall real estate picture.

A new listing will be coming on the market in the Gables at North Hills. This handsome home was built in 2005 by First Texas Homes. It has so many amenities of home with 4 bedrooms, split and 2 full baths. The master bedroom has a nice size walk-in closet with extra storage shelves and accessible through the master bath. The garden tub in the master bath is jetted as well as a separate shower and dual vanitites. An extra feature of this home is the woodburning, gas starter fireplace in the master bedroom. There is a home-office / study located at the front of the house. The family room with its own woodburning, gas starter fireplace looks out over the southern backyard with a Blue Haven pool and spa. This great buy of a home is scheduled to go on the market in November and will be posted here.

Coming Soon! 4/2/2 House in the Gables with a pool & spa. Great location! Great price! Stay Tuned.

Murphy TX Goes to Stage 3 Water Restrictions

Stage 3 Water Restrictions will be implemented for all consumers of the North Texas Municipal Water District. The new restrictions will take effect on November 1st allowing only two watering days during each month, November 1 through March 31. The restrictions apply for watering with sprinklers or other irrigation systems. The city is encouraging home owners to place their irrigation systems in the OFF mode using only the manual mode on their assigned watering days. There will not be any warnings issued for violators; citations may be punishable by significant fines for each violation.

The City of Murphy has been divided into three zones. Anyone living south of FM544 are in Zone 3. Residents living north of FM544 and east of Murphy Rd are in Zone 2. Residents living north of FM544 and west of Murphy Rd are in Zone 1. The city has mailed documentation highlighting the various days your particular zone is allowed to water within each month of the restriction. Various HOAs will be distributing the information to home owners as well. Or you can read it from the Stage 3 link here.

MRC Home Tours Do Have Their Rewards

Today was our monthly homes tour for MRC, Murphy Realty Connection. The morning started out with showers but by noon the sky was clear and the sun was bright. We meet at the Standard Pacific Homes in Maxwell Creek, Murphy. They provide us an awesome lunch and occasionally they do drawings. Today they were giving away three gorgeous baskets of goodies. To my joy and pictured to the right I was the blessed recipient of one basket.

On tour today were four homes available ranging from $155, 000 to $625,000*. Click on the neighborhood to see these lovely homes available for sale.

• Sage Creek
• Hunter's Landing
• Rolling Ridge
• *home is not on market yet
  

If you see a home you would be interested in buying please contact me or I would be happy to help you find your new home - it’s just a click away. Interested in selling your home - I can help you market your home.