In a town of 15,000+ residents, with 80%  living in apartments, there aren't many non-investment properties to begin with. The problem of low inventory has not bypassed Addison. For a while last year, we were down to a supply of just 3-4 homes for a few months.Inventory started to ease a few months ago, but never reached more than a dozen or so properties for sale at any one time. And some of those properties are incomplete new construction, so if you wanted a move-in ready home, your choices were further reduced.But now we're back to single digit inventory. Three of the available homes are over $1M. Another one is incomplete new construction. Three of the under $1M properties are single family homes, two are townhomes, and one is a condo. The market may be shifting around us, but here ... 06/10/2022

Real Estate Market Report for Addison, TX:  May 2022Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 12, as compared to 11 last month.  Eleven are pre-owned and 1 is new construction at Addison Grove. Currently for sale, there are: 5 single family homes (ranging in price from $438,000 - $2,600,000) 1 half-duplex ($424,900) 2 condos ($409,900 - $499,900) 4 townhomes ($520,000 - $1,350,000) Six of the 12 available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced or are incomplete new construction. Two of these available properties are townhomes that are very close to the DART Rail Line that is under construction nearby.The average number... 06/01/2022

According to the Town of Addison (Texas), these are some fast facts about the city from the 2021 Financial Report.  Addison has 16,661 residents.  The median age of Addison's residents is 32.2 years. We're smart! 56.3% of us have at least a bachelor's degree. The median household income is $74,986. There aren't many single family homes - only 1,390. Almost 80% of Addison residents live in apartments. Addison's tax base comes mostly from businesses. The town's AAA bond rating is a huge advantage!Addison is a great place to live, work, and play! Come check it out. And if you decide you'd like to stay, I can help you find one of the 1,390 single family homes. Or a condo. Contact me for details.    05/27/2022

Real Estate Market Report for Addison, TX:  April 2022Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 11, as compared to 8 last month.  Nine are pre-owned and 2 are new construction at Addison Grove. Currently for sale, there are: 4 single family homes (ranging in price from $556,000 - $825,000) No half-duplexes 1 condo ($225,000) 6 townhomes ($479,900 - $1,350,000) Four of the 11 available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced or are incomplete new construction. Two of theses four available properties are townhomes that are very close to the DART Rail Line that is under construction nearby.The average number of days on the... 05/02/2022

While there's no Sam Malone (Ted Danson), Norm Peterson (George Wendt) or Carla Tortelli (Rhea Perlman) at the Vitruvian Park Tavern, there is the smiling proprietor, Craig Vaught, happily serving up drinks and eats at this upscale neighborhood hangout. It is located at 3870 Ponte Avenue in Addison, Texas, just north of the red bridge. I was there recently for a real estate networking function and got to experience VPT first hand. The event planners provided drinks and appetizers and I can personally vouch for the frozen pina colada, served in a pineapple glass, and the mouth-watering fried cauliflower. The kitchen is open from 2:00 pm - 10:00 pm and the bar from 2:00 pm til midnight. They also offer a weekend brunch (both Saturday and Sunday) between 11:00 am and 4:00 pm.The sophistica... 04/10/2022

Once upon a time, there used to be an unsightly Super 8 Motel on Beltway Drive in Addison, Texas just west of Midway Road. The motel burned down several years ago and eventually what remained of the motel was bulldozed. The lot was listed for sale, but sat vacant.Over a year ago, Cobalt Homes began discussions with the owner of the property about purchasing the lot. In February, these developers of small, infill communities reached out to the nearby home owners to get some input. As if in a fairy tale, they actually listened to the residents and made changes to their plans based upon those suggestions. The Planning and Zoning Committee approved the updated zoning change plans, and last month the town council did, too.Welcome to Addison, Cobalt Homes!Townhomes Approved at Former Super 8 ... 04/04/2022

Real Estate Market Report for Addison, TX:  March 2022Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 8, as compared to 4 last month.  Six are pre-owned and two are new construction at Addison Grove. Currently for sale, there are: 2 single family homes (ranging in price from $462,000 - $499,900) 1 half-duplex ($419,500) 1 condo ($350,000) 4 townhomes ($494,900 - $1,350,000) Four of the 8 available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced. And the two townhomes are very close to the DART Rail Line that is under construction nearby.The average number of days on the market for the “active” status, pre-owned homes is 107 days, as ... 04/03/2022

Real Estate Market Report for Addison, TX:  February 2022Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 4, as compared to 7 last month.  All are pre-owned and none are new construction at Addison Grove. Currently for sale, there are: 2 single family homes (ranging in price from $462,000 - $595,000) No half-duplexes No condos 2 townhomes ($1,150,000 - $1,350,000) Three of the four available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced. And the two townhomes are very close to the Dart Rail Line that is under construction nearby.The average number of days on the market for the “active” status, pre-owned homes is 132 days, as compare... 03/02/2022

Real Estate Market Report for Addison, TX:  January 2022 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 7, as compared to 14 last month.  All are pre-owned and none are new construction at Addison Grove. Currently for sale, there are: 3 single family homes (ranging in price from $379,900 - $499,900) No half-duplexes 2 condos ($174,900 – $435,000) 2 townhomes ($1,150,000 - $1,350,000) Six of the 7 of the available homes have been on the market for longer than 30 days.  In this market, it probably means they are overpriced.The average number of days on the market for the “active” status, pre-owned homes is 100 days, as compared to 82 last month. The median number of days on the market is 105 day... 02/01/2022

Real Estate Market Report for Addison, TX:  December 2021Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 14, as compared to 19 last month.  Eleven are pre-owned and 3 are new construction at Addison Grove. Currently for sale, there are: 5 single family homes (ranging in price from $367,000 - $3,750,000) No half-duplexes 3 condos ($135,000 – $425,000) 6 townhomes ($424,900 - $1,350,000) Nine of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 82 days, as compared to 73 last month. The median number of days on the market is 73 days, compared to last month’s 56 days.  There are a few $1M+ home... 01/01/2022

Real Estate Market Report for Addison, TX:  November 2021Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 19, as compared to 21 last month.  Fifteen are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are: 7 single family homes (ranging in price from $367,000 - $3,750,000) No half-duplexes 4 condos ($299,000 – $475,000) 8 townhomes ($398,000 - $1,350,000) Thirteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 15 “active” status, pre-owned homes is 73 days, as compared to 64 last month. The median number of days on the market is 56 days, compared to last month’s 67 days.  There are a few $... 12/01/2021

Real Estate Market Report for Addison, TX:  October 2021Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 21, as compared to 26 last month.  Seventeen are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are: 7 single family homes (ranging in price from $399,900 - $3,750,000) 1 half-duplex ($414,000) 4 condos ($159,900 – $525,000) 9 townhomes ($398,000 - $1,350,000) Thirteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 17 “active” status, pre-owned homes is 64 days, as compared to 44 last month. The median number of days on the market is 67 days, compared to last month’s 42 days.  These in... 11/02/2021

Real Estate Market Report for Addison, TX:  September 2021Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 26, as compared to 25 last month.  Twenty two are pre-owned and 4 are new construction at Addison Grove. Currently for sale, there are: 7 single family homes (ranging in price from $320,000 - $3,750,000) 1 half-duplex ($425,000) 8 condos ($215,000 – $550,000) 10 townhomes ($320,000 - $1,350,000) Eighteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 22 “active” status, pre-owned homes is 44 days, as compared to 44 last month. The median number of days on the market is 42 days, compared to last month’s 20 days.   New... 10/02/2021

Real Estate Market Report for Addison, TX:  August 2021Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 25, as compared to 26 last month.  Twenty two are pre-owned and three are new construction at Addison Grove. Currently for sale, there are: 7 single family homes (ranging in price from $424,900 - $3,995,000) 2 half-duplexes ($395,000 - $425,000) 9 condos ($199,900 – $550,000) 7 townhomes ($350,000 - $1,350,000) Only 10 of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 23 “active” status, pre-owned homes is 44 days, as compared to 49 last month. The median number of days on the market is 20 days, compared to last month’s 28... 09/01/2021

Real Estate Market Report for Addison, Texas:  July 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 26, as compared to 20 last month.  Twenty-one are pre-owned and 5 are new construction. Currently for sale, there are: 8 single family homes (ranging in price from $262,500 - $3,995,000) 2 half-duplexes ($359,000 - $430,000) 7 condos ($235,000 – $429,000) 9 townhomes ($410,000 - $709,900) Fourteen of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 21 “active” status, pre-owned homes is 49 days, as compared to 52 last month. The median number of days on the market is 28 days, compared to last month’s 30 days.   New listing... 08/01/2021

Friends, food, fun, and fireworks! Every July 3rd, the Town of Addison, a Dallas Texas suburb, celebrates Independence Day by hosting Kaboom Town. It's rated in the top 10 fireworks displays in the country by the American Pyrotechnics Association. And two years ago, it was ranked as the #2 best in the nation.  This year, I got an invitation to the event's VIP area. The tickets provided us a delicious dinner of pulled pork or brisket sandwich, with mac & cheese, baked beans, and red, white, and blue popcorn, plus drinks. {Sorry - no photo of the dinner; it was eaten before I remembered to take a picture. But see popcorn, above.}Obligatory recipe: popcorn, red and blue food coloring. The Addison Freedom Flyover started about 7:30, with vintage planes from Addison's Cavanaugh Flight Museum... 07/04/2021

Real Estate Market Report for Addison, Texas:  June 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 20, as compared to 19 last month.  Fourteen are pre-owned and six are new construction. Currently for sale, there are: 5 single family homes (ranging in price from $470,000 - $3,995,000) 2 half-duplexes ($368,500 - $449,000) 6 condos ($347,500 – $439,000) 7 townhomes ($295,000 - $709,900) Eight of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the 14 “active” status, pre-owned homes is 52 days, as compared to 61 last month. The median number of days on the market is 30 days, compared to last month’s 22 days.   New listings i... 07/01/2021

In the quiet Midway Meadows subdivision, in the Addison Timbers HOA, a one-story 3 bedroom, 2 bath home with attached 2-car garage will be available to show starting Thursday, June 10th, 2021.Or, you can view the walk-through video here:.This is my neighborhood and I'd love to welcome you to your new home.  This gem of a home is move-in ready! It's got a fresh coat of paint in the living/dining areas and has had a pre-listing inspection with most deficiencies checked and fixed.    Features include: hardwood floors in all but the guest bedrooms and baths updated kitchen gas range slider window between kitchen and patio 3 patio doors skylight in master bath updated guest bath HOA with $440 annual dues - covers front lawn maintenance unexempt property taxes of $6,224 1503 square feet   Whe... 06/09/2021

Real Estate Market Report for Addison, Texas: May 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 19, as compared to 21 last month.  Fourteen are pre-owned and 5 are new construction. Currently for sale, there are: 7 single family homes (ranging in price from $459,000 - $4,250,000) 2 half-duplexes ($369,000 - $419,000) 8 condos ($347,500 – $469,000) 2 townhomes ($470,000 - $699,900) Ten of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 61 days, as compared to 44 last month. The median number of days on the market is 22 days, compared to last month’s 10 days.   New listings in MaySixt... 06/03/2021

Real Estate Market Report for Addison, Texas:  April 2021 Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 21, as compared to 28 last month.  Fifteen are pre-owned and six are new construction. Currently for sale, there are: 6 single family homes (ranging in price from $265,000 - $2,100,000) No half-duplexes 12 condos ($195,000 – $470,000) 3 townhomes ($365,000 - $699,900) Only six of the available homes have been on the market for longer than 30 days.  The average number of days on the market for the “active” status, pre-owned homes is 44 days, as compared to 69 last month. The median number of days on the market is 10 days, compared to last month’s 42 days.   New listings in AprilTwenty nine h... 05/02/2021