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A Look Back & a Glance Ahead with Freddie Mac

by Christie Cannon

Freddie Mac's chief economist looks back & reexamines their 2014 predictions! Click here to read.  It is a great review of the US Housing Data from 2014. 

Their 2015 predictions can also be found here

- Christie Cannon 

It's a Great Time to Be Living in McKinney!

by Christie Cannon

Have you heard what has been going on in McKinney?  McKinney is growing and has been named #1 Best Place to Live in America!  Check out these great videos showcasing everything McKinney has to offer.

Frisco Accepting Donations for Project Warm Us

by Christie Cannon

Project Warm Us is a great way for members of the community to give some much needed warmth to the homeless in the Dallas, TX area.

Donate your new or gently used items - coats, jackets, sweatshirts, sweaters, blankets, scarves, hats, gloves, shoes, socks(new only).  Donations are being accepted between the hours of 8:00 am and 5:00 pm at the Frisco Square Management Office, 8874 Coleman Blvd., next door to Dimples Cupcake Factory.  To learn more, click here...


Frisco Community Parade 2014

by Christie Cannon

Saturday, November 8, 2014 at 10 am.

Frisco will be hosting it's annual Community Parade.  Attractions include Frisco Police and Fire vehicles, Frisco fire clowns, homecoming/forthcoming royalty of high schools, team mascots, representatives of Frisco’s professional sports teams, and floats and marchers from various civic and youth groups.  Come out and enjoy everything the parade has to offer!  More details can be found here.


McKinney TX continues to seek airport expansion

by Christie Cannon

In case you missed the billboards & ads - McKinney is pushing hard to expand their share of the air! McKinney National Airport continues to court corporate & executive air travel seeking an alternative to Love Field's increased (& projected increases) in commercial traffic.  After McKinney's recent large investments in the expansion & updating of the former Collin County Regional Airport - now McKinney National Airport (TKI) - results are beginning to show! Monach Air anounced a lease of a large portion of the airport's hangar space & the airport was recently names in the 2014 Pilot's Choice Awards by Fltplan.com. 

More info can be found at flytki.com

I Don’t Always Find a House I Like, but When I Do …..

by Christie Cannon

“Why is it….

By now we have all experienced it… House Today, Gone Tomorrow!  But why so fast?...  Sometimes the answer is obvious – the home is priced well, staged, well marketed, in a desirable area, low inventory, priced below FHA limits,… etc & thus moves quickly.   BUT what about that home that is 112 days on the market, you finally go look at it… make your offer & BOOM – multiple offers, or worse… the seller just accepted another offer!   That (my friends) is a whole other level of frustration… how odd that no-one bought it for all that time, until (seemingly) “we” get interested.  So why is it?

It is important to understand that often the very same market factors that “drove” you to that particular home are driving other buyers.  It isn’t hard to surmise that buyers are looking for the best home at the best price – but to see how that may play out in a home that seems more “market stale” than others, picture this same 112 “days on market” home for the last 100 days as having strong competition in surrounding homes. One with an award winning media room, one on a greenbelt, one almost new, one with massive updates, perhaps one a little less functionally obsolete, or maybe a few just priced less – all of these fall under contract, one after the other - until POOF, the 112 “days on market” house’s time has come. This isn’t to take away from the 112 “days on market” house, but simply to reflect that as competition falls off the market, simply due to scarcity of the inventory, the desirability of the 112 day home increases (this is especially true if new listings to the market continue to have price increases) - driving you & the other buyers towards the same home.

Even knowing this…. it still doesn’t make it feel any less like a conspiracy.

Stay "searching" my friends,

- Christie Cannon  -  469-951-9588  -  Christie@christiecannon.com

Frisco's MLS March Market Numbers!

by Christie Cannon

The MLS just released the preliminary Frisco numbers for March 2014 & WOW!

  • March-to-March listing down -21.3%
  • Year-to-Date listings down -13%
  • March-to-March closed sales down -12.8%
  • Year-to-Date closed down -3.6%
  • March-to-March Listing Under Contract down -25.2%
  • Year-to-Date Listings Under Contract down -12.5%
  • March-to-March Days on Market UP +0.7% = 51 days.
  • Year-to-Date Days on Market down -12.9%
  • Month’s Supply of Inventory down 32.9% to 1.5 months supply
  • YTD Price is up +12.5% Average & +16.5% Median Sales Prices
  • Percent of Original List Price Received YTD is 96.4%

A couple of things that stand out to me…

  1. WOW – inventory is low!
  2. See #1
  3. The huge discrepancy between March-to-March numbers v/s the YTD may be explained by not only changes in market but also (to a degree):
    1. March numbers include some estimates/projections
    2. Weather factors were big this spring – which often affects buying cycles (moving them sooner &/or later in a year)
    3. More purchases are occurring outside of the MLS – New Builds, some “Hip Pocket Listings”, etc
    4. ** While a 1.5 months supply of homes clearly indicates a strong seller’s market, dare I say, there are still some sellers who may be over estimating their home’s position in the market or the market’s strength – which is reflected in an average sale with a Percent of Original List Price as 96.4%, which does NOT reflect seller paid concessions – and an increased number of days on market (I am proud to say that The Christie Cannon Team averaged 20 Days on Market with over 98% of Original List Price).

Have questions on how this market may affect you or your family's real estate goals?  Have questions about how your city, area, or neighborhood is doing?

Please feel free to call or email with questions!

-          Christie Cannon  -  469-951-9588  -  Christie@christiecannon.com

Frisco, TX - Frisco Schools - Seniors' Tour Day

by Christie Cannon

Wednesday April 16th - Frisco ISD  offers their frist ever Senior Adult Bus Tour! - 

Residents 55+ are invited by Frisco ISD to join them on a school bus tour of three Frisco ISD schools. What a neat opportunity to see our city's schools through the eyes of students.  Lunch catered by Frisco ISD Culinary Arts students!  

Additional Information can be found here - Spots are limited so be sure to RSVP!

- Christie Cannon

FRISCO TX - Frisco StrEATS -Gourmet Food

by Christie Cannon

Frisco StrEATS - Gourmet Food Truck & Music Festival - Sat April 12th - 1pm-7pm!

You heard that correct - FOOD TRUCK & if you missed it the last 2-years.... it is simply amazing!  Do NOT miss it!

2014 Frisco StrEATs Food Truck List!

  1. Bobaddiction - Boba Drinks and Teas
  2. Cajun Tailgators – Cajun Food  
  3. Cup-Cakin - Cupcakes and Cakes
  4. Easy Slider  - Sliders 
  5. Gandolfos – New York style deli on-the-go 
  6. Guava Tree Truck - Cuban Food
  7. Jack's Chowhound – Comfort Food 
  8. JoDawgs – Gourmet Hotdogs - 
  9. Nammi Food Truck – Vietnamese fusion cuisine 
  10. Pompeii –Modern Italian 
  11. Little Greek – Greek Food
  12. Ruthies Grill Cheese – Grilled Cheese Sandwiches 
  13. Ssahm BBQ – Korean Tacos & Fries
  14. The Butcher’s Son – Sausages, Brats,& more 
  15. Whats Da Scoop - Ice Cream Truck

 

McKinney TX - Bike the Bricks

by Christie Cannon

Le Tour de France McKinney – otherwise known as Bike the Bricks is coming Friday, May 23rd!

East to get to…, great food & drink…. 

For those who have not yet seen this race… it is for big prizes, super-fast paced & exciting (think 500+ racers & speeds in the 40mph range on a relatively short course)  - now if only they had an Adult Big-Wheel Race option.

Hope to see you there!

-          Christie Cannon

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Christie Cannon
Keller Williams Realty
5933 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 972-215-7748
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com