What’s going on in Collin county?? Here are 5 Things to Know About Collin County Growth

To find out more about what’s going on in Collin County and Surrounding Counties in our Great D.FW, just call me! Let’s Chat: 214.769.2142

Collin County is the fastest growing county north of Dallas County, growing more than 45% since 2000. There is more net rentable property than the combined areas of Uptown and Dallas. Currently the population is at 940,000 and is predicted to be at 3 million by 2040! With all the new jobs the median income has also risen to $100,839. So why has Collin County experienced so much growth? How has this growth affected the traffic and housing? What is expected in the future? All questions residents and potential relocation buyers have on their mind.
dallas-cowboys-star 1.  Many companies are moving locations
Companies are moving headquarters to Collin County because the workforce, schools and housing are attractive as well as the low-cost tax structure. Says County Judge Keith Self: companies “can move across the street and lower their … tax by half.” Some companies that have been part of the move are Toyota, Liberty Mutual, JP Morgan Chase and the Dallas Cowboys.

2.  Existing businesses are seeing growth too
Crest Auto Group has seen a 25% growth. Mexican Sugar is beating last years’ numbers and they are always hiring more employees. A.R. Schell & Son Agency Insurance has also seen growth from last year. These are just a few examples of the many businesses that are currently thriving.

3.  Demand for single-family homes and apartments
This demand has become so big in the last few years! Median sales price has risen from $190,100 to $300,000! Because of the high demand, the inventory has dropped by 30%. Apartments are 94.3% full and rent is averaging right under $2000 a month.

4.  Undeveloped Land

collin-central-appraisal-district

SOURCE: THE GIS DEPARTMENT OF THE COLLIN CENTRAL APPRAISAL DISTRICT; MAP ILLUSTRATION: SHAW NIELSEN

Still quite a bit of undeveloped land…wonder what the future holds?

5.  How bad is the traffic?  It’s getting bad!
worst-traffic-collin-county
*Worst traffic is State Highway 121, just W. of State Highway 289
*Second worst is Dallas N. Tollway, just N. of George Bush Turnpike
*Third worst is Dallas N. Tollway, just S. of George Bush Turnpike

The exact remedy is unknown to fix the traffic problems. Options are to create and “outer loop,” more walkable neighborhoods, more trolleys and express buses.

Looking forward to seeing more change in the future!

(Information taken from article in D Magazine)

Relocation to Dallas

The Dallas News posted an article last week about the lack of houses in the D/FW area. Why aren’t there enough houses? The answer is because dozens of corporations are moving their headquarters to North Texas. For example, Toyota is moving 250 employees a week!

Each year, D/FW will receive about 60,000 new residents. Toyota alone is bringing 4,000 of those numbers! This is why the housing market is on fire right now. Home prices have risen to unheard of levels, with such a shortage of homes as well…one of the worst in decades.

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While some find the home prices completely over-priced, some residents from the West Coast think it is a bargain.  New home builders are also happy with all the change. This has really helped their sales.

Toyota Traffic

So what about the traffic? The ones that aren’t bothered by the extra traffic is again the West Coast transfers. One person said “it’s nothing like L.A. traffic.”

Realtors like me love working with Relocation clients! I love the challenge of that short window of time to find and close on a home. It’s hard work because you are educating them on the area and answering so many questions but it is rewarding in the end. If you, a friend, or a family ever needs help selling or buying a home, don’t hesitate to contact me!

Cynthia Lopez, TLG Real Estate Advisors | Ebby Halliday Realtors

Have you heard about Rowlett’s Luxury Resort – Bayside on Lake Ray Hubbard?

Would you like to know more about the exciting Bayside on Lake Ray Hubbard in Rowlett?  Call me at 214.769.2142!

This will be a luxury resort getaway…just down the street! It will consist of 262 acres of mixed-use lakefront property offering white sand beaches, an 8-acre Crystal Lagoon and a 1-acre show fountain-first of its kind in North America! You will be able to sail, fish, boat, shop, swim, eat or just relax! Bayside will also be selling single family homes, condos, town homes and apartments. The location is perfect too, only 30 minutes from downtown Dallas!

The company behind this 1 Billion Dollar project is Crystal Lagoons. Their US headquarters is in Miami and they are involved in hundreds of projects around the world. Bayside is the first such lagoon planned for Texas. Two more have since been announced for the Houston area. Those two will cost a combined $1.5 billion dollars.

The Texas based developer, Western Rim, is constructing the 845 urban-design multi-family residential units. These single-family homes and townhomes will be on the north side of I-30 off Dalrock. Dallas-based BOKA Powell is the architect on the retail and office portion of Bayside. Dallas-based 5G is designing the condo tower and a 500-room hotel with 80,000 square feet of meeting space.

So what about the traffic on I-30? Well, TxDOT plans to add three lines to each side of I-30, plus more service roads and bridges. They are also adding an 8 to 12 foot hiking and biking trail. That will start at Bass Pro and go across the lake.

So has anyone driven past the construction on Bayside? Notice any major changes yet? I am looking forward to seeing the progress! Let me know what you think! 

Cynthia and Diego

GoodBusiness_BaysideLagoonRenderingbayside-fountainbayside-trolleytxdot-ih30-study_corridor_0txdot-ih30-bass_pro_to_dalrock_rd.txdot-ih30_improvementsbayside-site-plan

Latest and Greatest Gadget’s You Need to Know About

Fun Finds!  Take a LOOK at that Showerhead!  Call me to hear about other Great Finds here in the D.FW – 214.769.2142

What tech items have you run across that you find amazing? Let me know…I would love to hear about it!

With our modern technology, we have seen some impressive inventions and gadgets the past few years. Some of the newest to hit the market are featured in the EbbyBlog post: The Latest in Luxury Living

One popular item is the Snapchat Spectacles. You can literally share your memories from your perspective. These sunglasses take 10 second videos that are shared over Wi-Fi. They come in black, teal and coral. Would you buy these?

Snapchat-spectacles

Another item is the Oombrella Smart Umbrella. This is a smart umbrella you connect through an app on your phone and it will alert you BEFORE it rains. It can also share live weather information and it has a “forget-me-not” feature to let you know if you left it somewhere. Colors available are black, white and rainbow with two sizes to choose from.

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The last item EbbyBlog mentions is the Ametis Shower System. Turn your bathroom into a spa with this shower system! It offers a soothing halo effect using LED chromotherapy lighting with a modern and newly updated look.

GRAFF

One item I have interest in is the Ring Video Doorbell.  It allows users to see and talk to visitors even while away from home. Many colors are available which allows you to find the best match for your door. Set-up is easy and they are also weather-resistant.

gallery-1473793166-ring-video-doorbell

What tech items have you run across that you find amazing? Let me know…I would love to hear about it!

Million Dollar homes selling FAST in D-FW!

Million Dollar homes selling FAST in D-FW!  Call me for more information:  214.769.2142

So far in the months of January and February 2017, the sale of “million dollar homes” is up 64% from the same time last year. Never have so many high-priced homes been for sale at once here in D-FW. Currently there are almost a dozen listings in this price range. 177 houses in North Texas were sold with a price tag of $1 million or more this year and 75 are still pending. The growth of Dallas is bringing CEO’s and top officers into the area who are able to afford these homes. (To view the full article click here.)

Part of the reason there is a growth of million dollar homes is the price appreciation in the overall market. Overall sales have risen 40% so homes that maybe were once priced at $800,000 are now priced at $1 million.

What IS slow in the market are homes priced at $10 million or more. “The buyers are few and far between in that price range,” “It can be a long wait to find that buyer, and it takes a lot of patience.” Look at this 25-acre listing in North Dallas. It is listed just under $49 million. This is the most expensive residential property in North Texas. (To view the listing click here.) By the way, this home is AMAZING. GORGEOUS! It was built in 1938. It looks like a movie set.

Interested in seeing more expensive listings in the D-FW area? Check out these beautiful properties below!

10711 Strait Lane, Dallas1491423947-10711StraitLn

8891 Jourdan Way, Dallas1491424192-ESTATE_0310BUS_03-10-2017_UID_STATE_1_1_55793968

5950 Deloache Ave., Dallas1491424649-baronestate

3509 Euclid Ave., Highland Park1491500148-NM_06million1

The Spring Market is HOT | Buy Now Sell Later – YES you can!

Ready to Buy but need to Sell?  Let me get you in touch with my trusted Mortgage Lender, Tammie Mitchell, from Home Team Mortgage Company. She and I can help you understand the Bridge Loan and everything it entails. We don’t want you to miss out on this amazing Real Estate market. It is HOT and let’s take advantage of it!

Call me to discuss this program and how I can help you get into your next Dream Home while I expertly Market and Sell your current Home!  Yes, it can be done.  Call me – Let’s Chat  214.769.2142

-Cynthia Lopez

What is a Bridge Loan?
A Bridge Loan is a sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another.

What is the Benefit of a Bridge Loan?
The Benefits are you don’t have to worry about pending sales contingencies, you avoid the domino effect, and you will have a quick and timely closing.

What will Buyers Enjoy?
Buyers will ENJOY attractive interest rates, minimal closing costs, an easy approval process and convenient simultaneous closings.

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Statistics Prove DFW’s Growing Population is Ranked #1 in Country

We have all read it and heard this before, but statistics prove that DFW’s growing population is ranked #1 in the country. According to Culture Map Dallas, estimates from the U.S Census Bureau state we welcomed 140,000 new residents last year…the most of any metroplex in America. Guess who was second? Our neighbors the Houstonians!

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Another interesting statistic is 9 DFW counties were in the top 100 “fastest-growing counties” in 2015-2016 based on percentage increases.

Rockwall County — 3.65 percent growth rate. Ranked No. 25 nationally for county growth. July 2016 population: 93,978.

Denton County — 3.56 percent growth rate. Ranked No. 28 nationally for county growth. July 2016 population: 806,180.

Kaufman County — 3.39 percent growth rate. Ranked No. 36 nationally for county growth. July 2016 population: 118,350.

Ellis County — 3.07 percent growth rate. Ranked No. 50 nationally for county growth. July 2016 population: 168,499.

Collin County — 2.90 percent growth rate. Ranked No. 68 nationally for county growth. July 2016 population: 939,585

Hood County — 2.73 percent growth rate. Ranked No. 73 nationally for county growth. July 2016 population: 56,857.

Parker County — 2.66 percent growth rate. Ranked No. 79 nationally for county growth. July 2016 population: 129,441.

Wise County — 2.58 percent growth rate. Ranked No. 85 nationally for county growth. July 2016 population: 64,455.

Hunt County — 2.48 percent growth rate. Ranked No. 98 nationally for county growth. July 2016 population: 92,073.

The city and region offer significant employment opportunities, diverse and affordable housing options, and a wonderful quality of life. All of this has been recognized nationally, and continues to draw people to our city and the region,” says Brenda Hicks-Sorensen, assistant director
 of economic development for the City of Fort Worth.

As always, I am never too busy to help you with any Real Estate needs. If you are ready to increase the size of your home with that new family addition or if you want to downsize because your child is almost ready to graduate…I can help with it all. Contact me today at 214.769.2142 so we can talk further.

Also, if you would like to take advantage of a service I offer, just click HERE for a Free Comparative Market Analysis of your home! Basically it will tell you what your home is worth – well at least a starting point!  I will step in to “fine-tune” the results.

Call, let’s Chat –  Cynthia Lopez