By Tom Branch, on November 19th, 2011 
Allen Texas, located just north of Dallas, is a great little city and a wonderful place to live. The city continues to grow with plenty of developement–both residential and commercial.
The Allen housing market has been relatively stable. This month we’ll take a look at Median Sales Price, Days on Market, and Months Supply of Housing.
Median Sales Price
The Median Sales Price, which had been on the rise for almost a year, retreated some over the past few months. I expect that will recover some now that several new home developments have been completed and are beginning to sell.
Days on Market
Days on Market has been on the rise for the past year yet remains below 90 days and below 2009 and 2010 levels.
Months Supply of Housing
The Months Supply of Housing is very good at 4.5 months of inventory currently on the market. The National Association of REALTORS® suggests that a 6-month supply of housing is a balanced market. Supplies over 6 months indicate a buyer’s market and supplies less than 6 months indicate a seller market. Our experience is that homes that show well and are priced right continue to sell.
Please contact us at 214-227-6626 if you have any questions or want more information.
Source: NTREIS on November 16, 2011 | Photo: Copyright 2011 Tom Branch
By Tom Branch, on October 30th, 2011 
Click Image for PDF Version
We met with Steve Vieregge, Community Sales Manager for The Preserve, on Friday to follow-up on the development.The Preserve is on-schedule and the builder should break ground on the model homes on lots 31 and 32 (block C) in November. If the winter weather cooperates, the models should be ready by April 2012.
They have already pre-sold a number of new homes and the first new residents should move into their homes in April as well.
We were also able to get better copies of the seven models being offered. The single-level models are Waterville, Merion, and the Sawgrass. While the basic plans are single-level, there is an option to add space on a second level. The two-level models are Muirfield, Turnberry, Pinehurst, and the Augusta.
Read more about The Preserve in Allen.
Image and floor plans used with permission.
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
By Tom Branch, on October 27th, 2011 
Ashton Woods has begun pre-selling new construction homes in The Preserve in Allen. Base pricing starts at $292k for the Waterville (single-level 2020SF) to $395k for an Augusta (2-story 3606SF). Premium lots range from $5k to $40k.
The six models (both single-level and 2-level floorplans) being offered are Waterville, Merion, Sawgrass, Muirfield, Turnberry, Pinehurst and the Augusta. These homes have an extensive list of standard features. Energy efficient building includes 15 SEER HVAC, radiant barrier, and much more.
The builder expects the model and sales office to begin construction in November and to be open in the early part of 2012.
The Branch Team is offering $1000 towards buyer’s closing costs as a pre-sales incentive. Contact us for details.
Read more about The Preserve in Allen.
Photo: Copyright 2011 – Tom Branch
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
By Tom Branch, on September 30th, 2011 
If you’ve driven along McDermott Road, west of US75, you may have noticed that Allen’s Fire Station Number 5 is just about completed. Station 5 is the fourth substation and was approved by the city’s voters in the 2007 Capital Improvement Bond Election. Construction began in 2010.
A highlight of the building will be reclaimed fire ladders twisted into a sculpture for the public and firefighters to enjoy. The ladders are in the shape of a flame by Artist Christopher Fennell.
On his website Fennell says, “The materials I use have been cast out by society, for example: demolished barns, broken bicycles and downed trees. I transform these objects into dynamic pieces and connect them into recognizable shapes of waves, tornados and pillars of fire.”
The station is expected to open in the Fall of 2011.
Photo – Copyright 2011 Imaged2Sell
By Tom Branch, on September 25th, 2011 
August 2011 Statistics:
Status:
Active – 56
Contingent – 4
Kick Out – 1
Under Option – 2
Pending Sales – 0
Sold – 13
Solds:
Average sales price per square foot – $113.37
Average Days on Market – 48 Days
August was a relatively slow month for real estate in the north Dallas area in general. With daily temperatures over 100 degrees, people were not out looking at homes. What the numbers do show is that homes that show well and are priced right continue to sell in any market.
See all Homes for Sale in Twin Creeks Allen Texas.
Source: NTREIS on September 25,2011
By Tom Branch, on September 25th, 2011 
If you’ve driven by the project in the past few weeks, you will have noted that it has really taken shape. The roads are in and the land along McDermott Road has been leveled opening up the view.
We spoke to Toni Petty with Ashton Woods on Saturday to get an update on the progress being made. They expect to have approval from the City of Allen to begin building by the first week of November. The model home should begin about mid-November and be ready by early January 2012.
We have copies of the floorplans, but they have not yet been released to the public. We will post them as soon as the builder approves the public release.
Pre-sales should begin in November as planned but a sales location has not yet been finalized.
We’ll post more on The Preserve in Allen as it becomes available.
Read more about The Preserve in Allen.
Photo: Copyright 2011 – Tom Branch
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
By Tom Branch, on September 22nd, 2011 
4 Bedrooms | 3 Baths | 2-Car Garage | 2682 SF/Tax
Handing over the keys is one of the best parts of working with home buyers. It’s the culmination of weeks or months of work. We work hard to make sure each client has a great buying experience.
“We were out-of-town Buyers with no local contacts and picked The Branch Team after a computer search. From the first time I spoke with Tom I had the utmost confidence in his capabilities and knowledge of current market conditions. Over the course of the Looking / Buying phases he demonstrated the highest level of professionalism and represented our interests very conscientiously. He has tremendous contacts and local contractors that we have taken advantage of and have recommended that our daughter select Tom to represent her when she becomes a Seller.”
See all Homes for Sale in Allen TX.
Looking to purchase a home? Contact us and we can set up a time for a no-hassle consultation.
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