Admin

Addison, TX Real Estate News

By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
For many, many years, residents and visitors to Addison have been paying a portion of sales taxes for the Dallas Area Rapid Transport (DART). While bus service has been around for a while, Addison has only recently (last month) seen the benefit of rail through the town.  Running from Shiloh Road in Plano, through Richardson, Addison, Carrollton, Coppell, to DFW International Airport, the DART Silver Line was long overdue.       Last week I took my first trip on the Silver Line. I rode east to Plano to have lunch with a friend, then we both got on a westbound train and took it all the way to Terminal D at the airport.  The ride was smooth, quiet, and pleasant. A DART employee came through asking to see our tickets (on our mobile devices). When we arrived at Terminal D (for International ...
Comments 3
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: November 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 32, and last month there were 41. Inventory is decreasing! Currently for sale, there are: 9 single family homes (ranging in price from $295,000 - $1,400,000) No half-duplexes 17 condos ($125,000 – $469,000) 6 townhomes ($331,900 - $594,900) Twenty five of 32 xx available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 74 days as compared to 59 last month). The median number of days on the market is 67 days, compared to last ...
Comments 4
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Being a Addison TX First Time Homebuyer makes you have to consider your options before you buy. The first thing you will need to consider is what your long-term goals are with being a home owner and how your goals fit in with that plan. One goal could be to stop paying rent that just increases after every lease you renew.Buying your own home first is one of the happiest times of your life! However, a lot of paperwork and time goes into it and finding a lender with great reviews will ease much of the stress. But, the satisfaction you get from your first home closing is something you will never forget! The benefits of being a Addison TX First Time Homebuyer greatly outweighs renting for the following reasons:          Greater privacy.          Homes typically increase in value the older t...
Comments 0
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
The benefits of a preapproval (not prequalification) for Addison TX Home Loans. Many consumers are not informed on the proper way for buying a home. No question, this is a big decision, and one that can be either immensely stressful- or immensely enjoyable- depending on how you go about the home buying process of Addison TX Home Loans and the surrounding areas. The key is to take the proper steps to educate yourself on your buying power, initial investment, and taking some time to think about your lifestyle choices. This article will cover all of these.   Education   The steps necessary to purchasing a home in Addison, Texas starts with getting pre-approved for your home loan. Notice we did not say get prequalified- in today’s world a prequalification is not meaningful. You should choos...
Comments 0
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
 Real Estate Market Report for Addison, Texas: October 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 41, and last month there were 34. Inventory is increasing! Currently for sale, there are: 13 single family homes (ranging in price from $300,000 - $1,400,000) No half-duplexes 15 condos ($158,000 – $469,000) 13 townhomes ($331,900 - $654,900) Twenty of the 41 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 59 days as compared to 65 last month). The median number of days on the market is 46 days, compared to last mo...
Comments 2
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: September 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 34, and last month there were 40. Inventory is decreasing again! Currently for sale, there are: 10 single family homes (ranging in price from $299,999 - $1,400,000) 1 half-duplex ($294,000) 16 condos ($165,000 – $465,000) 7 townhomes ($331,900 - $654,900) Twenty six of the 34 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 65 days as compared to 58 last month). The median number of days on the market is 49 days, c...
Comments 1
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Special Government Home Renovation Loan Program using Addison Texas FHA 203k Renovation Loans.Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA (a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add to value tremendously as you increase the square feet of your home) as well as remodel cabinetry in kitchens and bathrooms.This l...
Comments 0
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: August 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 40, and last month there were 27. Inventory is increasing! Currently for sale, there are: 14 single family homes (ranging in price from $305,000 - $2,499,999) 3 half-duplexes ($294,000 - $340,000) 16 condos ($161,900 – $475,000) 7 townhomes ($285,000 - $654,900) Twenty five of the 40 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 58 days as compared to 66 last month). The median number of days on the market is 48 da...
Comments 2
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: July 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 37, and last month there were 27. Inventory is still low! Currently for sale, there are: 14 single family homes (ranging in price from $280,000 - $2,499,999) 2 half-duplexes ($320,000 - $345,000) 13 condos ($165,000 – $399,900) 8 townhomes ($289,000 - $654,900) Thirty of the 37 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 66 days as compared to 53 last month). The median number of days on the market is 47 days, comp...
Comments 2
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: June 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 27, the same as last month. Inventory is still low! Currently for sale, there are: 13 single family homes (ranging in price from $282,500 - $2,499,999) 2 half-duplexes ($325,000 - $345,000) 9 condos ($174,000 – $409,000) 3 townhomes ($419,900 - $485,000) Seventeen of the 27 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 53 days as compared to 54 last month). The median number of days on the market is 41 days, compared...
Comments 1
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Addison, Texas is a small but mighty town. Each July 3rd, we celebrate our nation's independence with a top rated fireworks show, Kaboom Town. This year, Kaboom Town ranks #2 on the list of fireworks displays, second only to the one in Washington D.C.Admission is free to Addison Circle Park, but space is limited. It is advisable to get there early. The park opens at 4:00 pm and the festivities begin at 5:00 pm. The fireworks are visible throughout the town, and many restaurant host watch parties.If you come to the park, here are some do's and don'ts:Items ALLOWED- Bags not to exceed 12"x12"x6". All bags will be searched, please leave these items at home to avoid delayed entry.- Coolers not to exceed 16"x20"x12".- Strollers, children's wagons and wheelchairs.- Personal umbrellas not to e...
Comments 1
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: May 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 27, up from 26 last month. Inventory is still low! Currently for sale, there are: 9 single family homes (ranging in price from $288,500 - $1,160,000) No half-duplexes 14 condos ($140,000 – $419,000) 4 townhomes ($334,900 - $490,000) Twelve of the 27 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 54 days as compared to 52 last month). The median number of days on the market is 27 days, compared to last month’s 32 days. ...
Comments 4
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Addison, Texas is known for festivals - Oktoberfest, KaboomTown, and the upcoming festival that showcases the local restaurants. You may think you know the name of this annual event, held in May at Addison Circle Park, but do you? Really?This year - 2019 - Taste Addison (not Taste of Addison) begins Friday, May 31st and runs through Sunday, June 2nd.Here are the details:Friday 6-11 pm:  Admission is $15 for ages 13+, $5 for ages 6-12, and free under 5.Saturday 11 am-11 pm: Admission is $15 for ages 13+, $5 for ages 6-12, and free under 5.Sunday 11 am-6 pm: Free for all ages.Free parking at the following locations:Millenium Garage (15455 N. Dallas Parkway)Colonnade Garage (15305 N. Dallas Parkway)Addison Circle One Garage (15601 N. Dallas Parkway)Addison Circle Two Garage (15725 N. Dalla...
Comments 1
By The Legacy Group, The LegacyGroup of CrossCountry Mortgage
(CrossCountry Mortgage)
Veterans now have access to a new VA renovation loan to refurbish or remodel their homes.  This loan program is available for new home purchases as well as for remodeling homes currently owned by the veteran.  It is estimated that over 50% of homes nationally are 40 years or older, and in the current housing market many homes are in need of updating, addressing deferred maintenance, or improving the energy efficiency of homes to lower utility costs.VA loan benefits include the following unique advantages:  a.  up to 100% financing, b.  no mortgage insurance, c.  up to $ 35,000 in renovation funds escrowed, d.  all renovations must be completed within 60 days of closing, e.  you can close on a purchase or refinance in the “as is” condition, f. you can borrow against the future value of t...
Comments 0
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: April 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 26, up from 23 last month. Inventory is still low! Currently for sale, there are: 9 single family homes (ranging in price from $262,800 - $1,445,000) No half-duplexes 11 condos ($135,000 – $425,000) 6 townhomes ($389,000 - $509,000) Fourteen of the 26 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market continues to correct.The average number of days on the market for the “active” status, pre-owned homes is 52 days as compared to 57 last month). The median number of days on the market is 32 days, compared to last month’s 38 da...
Comments 0
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
The Addison Community Garage Sale is back! On Saturday, May 4, 2019, you'll find the garage sale in the PetSmart parking lot, at 3800 Belt Line Road, just east of Marsh Lane.  Look for the huge white tent.Shoppers come from far and wide for this semi-annual event.Any resident of the town can reserve one "booth" per Addison address under the tent by submitting $20 and proof of residency (water bill, tax notice, lease agreement, drivers license) to the Town of Addison Environmental Services Department.  You get a table and 2 chairs, but you can bring more tables, clothes racks, display stands, saw horses and planks, you name it.Officially, set-up begins at 6:30 am and the wise shopper will be there that early, too.  Technically, the event opens to the public at 8:00 am (til 2:00 pm), but ...
Comments 1
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
 Real Estate Market Report for Addison, Texas: March 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 23, down from 24 last month. Inventory is still low! Currently for sale, there are: 9 single family homes (ranging in price from $268,900 - $1,495,000) No half-duplexes 9 condos ($155,000 – $469,900) 5 townhomes ($342,500 - $504,900) Sixteen of the 23 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market corrects.The average number of days on the market for the “active” status, pre-owned homes is 57 days as compared to 57 last month). The median number of days on the market is 38 days, compared to last month’s 36 days. New lis...
Comments 2
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Real Estate Market Report for Addison, Texas: February 2019Residential Real Estate For Sale in Addison TexasThe total number of currently available residential properties for sale in Addison, Texas is 24, up from 22 last month. Inventory is still low! Currently for sale, there are: 10 single family homes (ranging in price from $340,000 - $1,495,000) No half-duplexes 12 condos ($155,000 – $514,900) 2 townhomes ($439,000 - $485,000) Fourteen of the 24 available homes have been on the market for longer than 30 days. Homes are taking a little longer to sell as the market corrects.The average number of days on the market for the “active” status, pre-owned homes is 57 days as compared to 83 last month). The median number of days on the market is 36 days, compared to last month’s 87 days. New ...
Comments 1
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Looking for new construction homes in Addison, Texas? The Addison Grove subdivision is the newest townhome community.Located on the site of the old Sam's Club Warehouse on Beltline Road, InTownHomes is building 170 townhouses ranging in size from 1,300 to 3,400 square feet. All will be 3-stories, but many will be designed for elevators. First occupancy is expected this summer (2019).Construction has started on Block B (see above). While the model is not yet open, it is possible to walk through two of the homes, a 2,153 square foot 3 BR, 3 1/2 bath unit priced at $439,900; and a 2,076 sq foot 3 BR, 3 1/2 bath unit, $449,900. Both of these face one of three parks that will be in Addison Grove.   There aren't many extras or add-ons, as many of the upgrades are already included as standard:...
Comments 0
By Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417, Real Service. Real Results. Real Estate
(HomeSmart Stars)
Airbnb. VRBO. HomeAway.  These are some of the companies that coordinate short term rentals of either single rooms or whole houses. The Town of Addison is looking in to possibly regulating these short term rentals (for stays of 30 days or less). This was the focus during a council work session on January 22, 2019.Here's the video of the Addison, Texas city council discussion on whether to adopt short term rental regulations for Addison residents:Work Session: Short Term Rentals in Addison, TexasAnd there is also a slide presentation. Currently, Addison does not collect the hotel occupancy tax on these short term rentals and there is no registration of properties required. Nearby cities Coppell and Grapevine both have regulations in place, and Coppell, McKinney, and Plano collect the occ...
Comments 3
Explore Addison, TX
Addison, TX Real Estate Professionals