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1468 Echols Dr Frisco TX | Just Reduced!

by Christie Cannon

Exceptional custom-built Toll Brothers dream home in sought after Phillips Creek Ranch! Luxurious upgrades throughout! Rich handscraped hardwoods, elegant lighting, dramatic architecture & grand entry designed to impress. Formal dining & executive study. Chef’s Dream massive island kitchen boasts professional grade appliances, stone counters, double ovens & wine fridge. Family great room with surround sound & towering windows. Private master suite & stunning spa bath. 2nd floor enjoys game room & huge media with 7.1 surround sound. 5th bedroom with ensuite bath or second master. Relax on the pergola covered patio overlooking the oversized backyard-perfect for future pool, pets & play! Amazing location & neighborhood amenities! Nestled on a gorgeous oversized lot in the award winning community of Phillips Creek Ranch, featuring more than 100 acres of green space, lakes, an extensive creek system, trails, parks and premier amenities, you will find this stunning 5-bedroom home. Enjoy relaxing evenings on the pergola covered patio overlooking the oversized backyard-perfect for future pool, pets & play! Located in highly desired West Frisco, with easy access to award winning schools, shopping, dining & entertainment.

DFW Real Estate Q1 Recap

by Christie Cannon

Brief:

  • Sales of existing single-family homes in Dallas–Fort Worth, TX, during Q1 were on pace to equal or surpass 2016's figures, according to the Dallas Business Journal, making it another record year.
  • Prices for those properties are also expected to keep climbing as supply there continues to contract. The market has a 2.2-month inventory of single-family homes, compared to the 6-month stock needed for equilibrium.
  • For the first time, the median home price in that market ($236,500 in Q1), was higher than the national median ($232,100 for the quarter) and represented one of the country's largest home-price increases for the period, The Dallas Morning News reported.

Insight:

One of the nation's fastest-growing cities, Dallas is a hotbed for new construction as companies relocate to the area motivated in part by its historically lower costs of doing business and, for employees, cost of living.

A host of projects catering to this uptick in demand are in the works. Earlier this month, Houston-based developer Hines announced plans for a 135-acre "live-work-play" mixed-use complex that will bring 3.5 million square feet of office, residential and retail space to one Dallas suburb. 

In April, developers broke ground on the 262-acre, $1 billion Bayside mixed-use project in Rowlett, TX, that will see an 8-acre lagoon and a 1,000 boat-marina added along Lake Ray Hubbard. The complex will also include 1.5 million square feet of commercial space, a 500-room resort and more than 2,500 condos, apartments, townhomes and single-family residences.

Along Frisco, TX's "$5 billion mile" is the $1.5 billion Frisco Station mixed-use development currently under construction. The 242-acre project will eventually feature 2,400 residential units, a 40-acre medical center, 650 hotel rooms and 300,000 square feet of dining, retail and entertainment space.

The rapid development in Dallas–Fort Worth has analysts worried the area could lose its status as a historically affordable market. As demand picks up and inventory lags, big builders are digging in. Taylor Morrison, for example, has said it intends to grow its presence there, announcing plans in October 2016 for two master-planned communities in the city's northern suburbs. 

Texas' housing boom drove the state to a 38% share of the MPC market in 2016 — the most of any state, and a 28-percentage-point increase in its share of all U.S. MPCs since the 1990s.

Recommended Reading:

 

The Christie Cannon Team | Keller Williams Frisco TX | www.christiecannon.com

4783 Preston Rd #300 Frisco TX

Frisco Facts at a Glance!

by Christie Cannon

Frisco Fast Facts & Stats

 

  • Land square miles - 70.2
  • Land Developed - 62%
  • Growth Rate 2000 – 2014 - 307%
  • Population 7.01.2016 - 156,320
  • Population 2000 Census - 33,714
  • Population Build Out - 375,000+
Residential Demographics Average
  • Age - 36.1
  • Households w/children 17 & younger - 32.9%
  • Median Household Income - $115,603
  • Average SF Home Appraisal - $359,924
  • Median Monthly Mortgage - $2,187
Workforce
  • Residents 25+ w/Bachelor’s or Grad Degree - 60.2%
  • Workforce Estimate - 75,633
  • Unemployment - 2.9%
Frisco Independent School District
  • Enrollment 5.2.2016 - 53,806
  • Projected Enrollment 2020 - 65,848
  • High Schools - 8
  • Number of Schools - 64

The Impact of Interest Rates!

by Christie Cannon

For most home buyers, a mortgage is a reality.  When it comes to purchasing with-in a buyer's set budget, understanding your interest rate is a critical factor in affordability!

Mortgage Rates are Falling

by Christie Cannon

Mortgage Rates have just dropped! Now is the time to get into that new home.  Call me today!



Mortgage Prequal v/s PreApproval - all the same....right?

by Christie Cannon

Here is a question that we do get from time to time.... from both Sellers & Buyers:

A Mortgage PreQualification or PreApproval - pretty much same thing... right?

..... So we asked Derek Altoonian of the Marcel Deitrich Team with WR Starkey for their explanation....

So… what’s the difference between a Pre-Approval versus a Pre-Qualification and why does it matter?  In simply terms, the main difference between a pre-approval and a pre-qualification:  income and asset documentation.

A pre-approval means that the loan officer has pulled credit, and collected enough information to fill out a mortgage application to form the details of the loan to purchase a new home. Additionally, a buyer has furnished paystubs, tax returns, and asset statements that show their viability to be approved for a mortgage. We have even gone so far as to underwrite the borrower without a potential address to make sure that there are no “surprises” when the borrower’s “dream home” is found.

A pre-qualification is when a loan officer pulls credit to see if the buyer has a qualifying credit score, and gathers enough information through a verbal interview with the buyer to fill out a mortgage application to see how much buying power your client has. There is often zero documentation with a pre-qualification.

We believe the Pre-Approval is, obviously, much more meaningful to sellers in today's marketplace.  The more thorough analysis of the buyer’s income, assets and credit ensures the greatest chance that the pre-approved buyer will fund on the purchase. 

- The Deitrich Team - 972-672-3246 - www.marceldeitrich.com - WR STARKEY MORTGAGE, LLP NMLSR#2146

Thank you to Marcel & Derek. 

The "Take Away" - as a Buyer seeking every advantage in this low-inventory & competitive market, the extra work to achieve a Pre-Approval v/s a Pre-Approval may make all the difference to a savy Seller reviewing multiple offers!

- Christie Cannon

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

 

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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
4783 Preston Road #300
Frisco TX 75034
469-951-9588
972-215-7747
Fax: 214-853-4774

Keller Williams Frisco - Christie Cannon - http://www.christiecannon.com