ANA STA SIA RILEY
3211 Internet Boulevard Suite 150 Frisco, TX 75034
Top 0.5% of Texas Realtors Corporate Relocation Specialist www.AbbeyCrossingHomes.com Anastasia.Riley@CBRealty.com
ABBEY CROSSING
972-984-0511
R E A L E S TAT E M A R K E T R E P O RT | N O V E M B E R 2 0 2 0
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020
Visit www.AbbeyCrossingHomes.com for community info and recent sales.
Third Quarter Review
Average Sale Price INCREASED
Abbey Crossing
4.0%
value, call me today at 972-984-0511 for a complimentary evaluation.
since 2019!
Low: 97.8% | High: 104.7%
Your home’s unique qualities could make it worth even more!
Johnathan and Angela-Marie, This statistical analysis represents the current market trends during the third quarter in Abbey Crossing. For an in-depth analysis of your home’s
100.4%
AVERAGE SOLD PRICE/ LIST PRICE RATIO
2.8% from 3rd Quarter 2019
$237,620
AVERAGE SOLD PRICE
Low: $218,00 | High: $265,000 4.0% from 3rd Quarter 2019
$122
AVERAGE PRICE PER SQUARE FOOT
Low: $101 | High: $133 0.8% per sq. ft. from 3rd Quarter 2019
16
P R E PA R E D E S P E C I A L LY F O R J O H N AT H A N A N D A N G E L A - M A R I E W I L L I A M S
AVERAGE DAYS ON MARKET
Low: 1 | High: 52 Data based on listings from NTREISMLS from July 1st to September 30th, 2019 and 2020. Information deemed accurate but not guaranteed.
Decreased by 22 days from 3rd Quarter 2019
B Y A N A S TA S I A R I L E Y | C O L D W E L L B A N K E R
ABBEY CROSSING MARKET REPORT FROM THE DESK OF ANASTASIA RILEY JOHNATHAN AND ANGELA-MARIE, When you need suggestions on real estate—from minor home improvements to a full-scale remodel, refinance resources, or you’re thinking about selling your home, I am here and ready to help you out. I am only a call away at 972-984-0511.
H O M E S C U R R E N T LY L I S T E D I N A B B E Y C R O S S I N G Status
Street Name
Active
Meadow Park Drive
Beds
Baths
Square Feet*
List Price
4
2.0
1,500
$239,900
There are 5 homes currently pending in Abbey Crossing. For more information on these homes, please call me at 972-984-0511.
H O M E S S O L D I N T H E L A S T 9 0 D AY S I N A B B E Y C R O S S I N G Status
Street Name
Beds
Baths
Square Feet*
List Price
Sold Month
Sold
Meadow Crest Drive
4
2.1
2,100
$259,800
September
Sold
Bent Grass Drive
5
2.1
2,600
$267,000
September
Sold
Sorghum Drive
4
2.0
1,800
$235,000
September
Sold
Meadow Crest Drive
4
2.1
2,100
$244,999
August
Sold
Meadow Crest Drive
4
2.0
1,800
$234,900
August
Sold
Cedar Hollow Drive
5
3.1
2,300
$256,000
August
Sold
Shady Glen Trail
4
2.0
1,800
$219,900
August
Sold
Pampa Grass Drive
4
2.1
2,100
$243,000
July
Sold
Meadow Creek Drive
4
2.0
1,600
$218,076
July
Sold
Shady Glen Trail
4
2.0
1,900
$231,999
July
Anastasia Riley and Coldwell Banker are not in any way affiliated with Abbey Crossing Home Owners Association, nor is this in any way an official advertisement or publication of Abbey Crossing. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NTREIS from July 14th, 2020 to October 12th, 2020. Listings and sales may not be those of Coldwell Banker. The NTREIS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Indicates a number rounded to the nearest hundred.
A B O U T A N A S TA S I A I have been ranked in the top 0.5% of all Realtors in Texas. I say this not to impress you but instead to impress upon you that I know what it takes to get the results you want. I have a proven home selling process that I believe is one of the best in the industry. I know the numbers. I analyze the market. I guide my clients to make better decisions. My listings show better, sell faster, and for more money.
JOHNATHAN AND ANGELA-MARIE, Remember New Year’s Eve 2019? It is likely that you attended (or were invited) to one of the “roaring 20s” themed parties where everyone was so enthusiastic about the upcoming year. Well, I think we all can agree that 2020 certainly didn’t go as planned. This year has been full of completely novel, whack experiences that no one asked for: toilet paper panic buying, social distancing, lockdowns, mask wearing, homeschooling, elbow-bump greetings, takeaway margaritas, and Zoom everything. Nothing is normal in this year of the pandemic. That includes the DFW housing market, which is unusually hot but in a really strange way. Buyers’ activity is high and mostly fueled by incredibly low interest rates and emotionally charged desire for “shelter, safety, and security”. The inventory of available homes, however, is low. Many homeowners understandably decided not to sell during the pandemic. According to MetroTex, we have approximately 20 percent fewer homes on the market now as compared to 2019, and yet the number of sales is as high as last year, thanks to the builders. Many in the new home industry are having their record year, and many are also on the verge of a personal nervous breakdown. Because of the supply chain stress and disruption, the cost of lumber has gone up, and many products are out of stock (air conditioning units, kitchen appliances, etc.). Many builders had to raise prices and are now dealing with low appraisals. Another wild thing that happened in the builders’ world is the fact that some builders are limiting how many homes they sell per month. I have been doing real estate for many years now, and I have never seen a time when a ready to go buyer has to be put on a waiting list to build a new home! Here are some of the unique trends that I am seeing in the market now. Renters are fleeing apartment complexes if they can qualify to buy a home. Buyers are a lot more thoughtful about the kinds of spaces they need and about the things that make them happy at home. Home offices have become very important. Space for one home office is good, space for two home offices is much better. Pools have become really important; so has space in general. Properties that are sitting on acreage tend to sell with multiple offers. People want somewhere to go, even if that’s their own backyard. The demand has also skyrocketed for vacation homes (lakefront or cabins in Oklahoma) within driving distance from Dallas. I am seeing waves of out-of-towners come to the Dallas area looking for homes. The biggest change is many of them this year are not moving here for work – they are bringing their work with them. What buyers don’t want right now, in spite of the tight supply of available homes, is fixer-uppers. As buyers are going to have to be home more often now, they don’t want to be living where there is construction work going on. To keep up with the 2020 spirit of disruption being the new normal, I, too, decided to make a personal change. After being with Ebby Halliday Realtors for almost a decade, I proudly joined Coldwell Banker. It was a long time coming move for me, but I just could not pull the trigger. 2020 seemed like an appropriate year to take that leap of faith. Your loyalty and support are incredibly vital to my business now. I would love if you could help me and send me just one referral before the end of this year. Just one! It would mean the world to me. Please make a note of my new email address – it is anastasia.riley@cbrealty.com. Thank Our Lucky Stars We Live in Texas!
Anastasia Riley 972-984-0511