The calendar on the wall may say, “February’ but the real estate calendar says ‘spring’ and from the way things are heating up for buyers and sellers, the heat is on!
That’s why it’s so important to have the information you need at your fingertips, instantly and consistently.
Want to view a property at home from your desktop, it’s simple. You can search for a specific property using our quick search:
Or you can click on any of the homes you see throughout our site to view them instantly. Once you reach the property page, there’s a multitude of choices at your fingertips. You can view the photos of the property, its virtual tour (if it has one). Then once you have viewed the property you can then easily save the property, share it with friends or schedule a showing right from the page!
Our Mobile App
Found a house in that perfect neighborhood and there’s a brand new for sale sign in the yard? You can use our mobile app to easily look up any home for sale based on either your location or the address of the home, whichever you choose!
Just like on the desktop, you can save this homes as well, get all the current information on the homes, see all the images and we’re right at your fingertips to schedule a showing or answer an immediate question you have on the home. It’s amazing how well you can keep your home search organized and sorted with the search tools available through the Real McCoys website.
We’re Here for You
No matter which way you choose to search for and save your possible home choices, we’re always a click away. Here’s a helpful hint: to ‘Contact Us’ look for quick buttons like, ‘Send a Message’ or ‘Chat Now’ buttons on any of your search results pages. Remember, we McCoys are only a click away to help you with all your real estate needs!
Newest Homes on Plano Market
Your Personally Invited
Here’s your chance to live in the $6 Billion development that is Legacy West. This beautiful townhome on Merit Lane is on the market and located in the Villas at Legacy West.
Fans of our blog know that we’ve been building a home at the Villas at Legacy West because we believe that what has been created at Legacy West is more than a development. It’s the future of Plano.
Living, working, dining, shopping and socializing all in one mile is a new way of living and boy are we excited to continue ‘Our Journey’ here. We personally invite you to come by and see why, once you see all that this stunning townhome has to offer and all that Legacy West has become, you too will want to be part of the new future of Plano.
When: Sunday, February 25th, from 1 p.m. – 3 p.m.
Where: 7804 Merit Lane Plano, Texas 75024
Well, we’ve been writing of Our Journey with building our home at Legacy West and we’re excited to announce that we’re representing one of the few homes that are for sale in the neighborhood in the Villas at Legacy West!!!
What an opportunity to live in the ‘Center of the Universe‘ as Mayor of Plano the Honorable Harry La Rosiliere has called this wonderful community.
When: Saturday, February 10th, from 1p.m. – 3 p.m.
Sunday, February 11th, from 1 p.m. – 3 p.m.
Where: 7804 Merit Lane Plano, Texas 75024
Below is the Mayor’s Speech from the Grand Opening of Legacy West:
I call Legacy West the “Center of the Universe” because it forms the core of an area of dynamic development. Just think: at one intersection in Legacy West you will find the U.S. Headquarters of Toyota, JC Penney, and Frito-Lay, as well as the regional headquarters of FedEx Office. Within a mile radius of that intersection, you will find the homes of NTT Data, JP Morgan Chase, Liberty Mutual, Ericsson, Pizza Hut, Bank of America, Hilti, and Boeing. All told, you will find over 35,000 people working for iconic global companies. And all of this is happening in Plano, recently chosen by various media outlets, I am proud to say, as the best place to live in Texas, a top city in the U.S. to find a job and raise a family, and one of the ten safest cities in America. What more could you ask from the Center of the Universe?
What I most look forward to is the total experience of being at Legacy West. Each step and turn brings something new to enjoy; strolling through is a special experience of its own. If I head down Windrose Avenue, I will be tempted by the aromas of fine dining venues like Del Frisco’s Double Eagle Steak House, Sprinkles, Shake Shack, True Food Kitchen, and Mesero. But I will be sure not to miss the sights and sounds: the beautiful water fountain, the gorgeous landscaping, and the liveliness of the people at the gathering places. If I am in a buying mood (or just want to window shop), I will be able to visit such varied retail sites as Pockets Menswear, Frontgate, West Elm, Warby Parker, Barnes & Noble, and many more. If I am in the mood for a unique eating experience, I will make my way to European-inspired Food Hall. I am truly looking forward to the overall experience of being there.
I am often asked about what my favorite place to eat lunch at Legacy West is going to be. This is like asking me to pick my favorite child. With so many options, I fully expect to have a new favorite every day. I know I will not be able to resist trying out all the different sit-down dining venues, and the chef-prepared entrees being prepared in the food hall sound too good to pass up.
I am most excited about all the special memories that will be created in Legacy West. Couples will get engaged there, our kids will celebrate prom there, and old married folks like me will celebrate wedding anniversaries there. These are just a few of the community events that happen every day in Plano, but now there will be an exciting new place for them to happen. Even better, because of the open space created in the project design, many of the special memories can be based, year-round, on outdoor activities that will enhance the quality of life of our citizens.
What makes Legacy West special and unique is the attention to detail by the Legacy West team in creating and executing plans for the development. The team gave this 240-acre park the same devotion and care they would have given if building their own homes. They have created a stunning home for all Plano citizens that will be a dynamic part of our thriving community.
Legacy West is not just about dining and shopping. It is about the quality of life for our community. It is about comfort and enjoyment. It is about bringing people together for a shared experience. When you consider that experience in light of all the companies and people that will participate in it, you have a shopping center different from any other.
“Legacy West is not just about dining and shopping. It is about quality of life for our community”
The reality is that anyone can build a shopping center. Only Fehmi Karahan can develop a Legacy West. He is the secret sauce. When you combine his magic touch with the vibrancy of Plano—the City of Excellence—Legacy West is a one-of-a-kind destination location.
Editor’s Note: Harry A. LaRosiliere is Mayor of the City of Plano
The seller’s market is alive and kicking in Plano and surrounding areas already!
We want to help you in your search so please feel free to browse our beautiful showcase of the newest listings on the market.
Sign up for updates and we’ll email you when new homes arrive! Who knows, your dream home could show up in our showcase any moment!
It’s no secret that our city of Plano has seen very strong figures in the housing market. The data we’ve accumulated from our local real estate boards: MLS/NTREIS (Multiple Listing Service/North Texas Real Estate Information Systems, Inc.) shows that we continue stay strong with a 3/8% increase in year to year closed sales for the month of December.
Live Data Closed Single Family Homes
This begs the question, ‘will 2018 be a buyer or seller market?’ That’s a questions we McCoys get asked all the time. Want to know the answer? Here it is.
It’s different for everyone. Seriously, you NEED a proper assessment of your position in today’s market (whether you’re a buyer or seller) to know if, from you stand, it’s a buyer’s or seller’s market). You may have a stunning home, in a great location, but you’ve over-borrowed and owe more than twice what the home is worth..guess what..you aren’t in a seller’s market.
That’s why we always say, let’s find out where YOU stand in the market. It’s as easy as a 30 minute conversation and can save you a ton of time and heartache down the road. Just contact us and we’ll give you the honest answer of where you are and what you need to do to be a real player in today’s (or maybe tomorrow’s) market.
Now onto the rest of the United States. We came across the predictions from the good folks at Inman, and we thought they summed it up pretty well.
Is 2018 a Buyer’s or Seller’s Market in the US?
Real estate experts and economists agree sellers will continue to hold the cards
With inventory at historically low levels and demand for housing skyrocketing in most markets, economic analysts and real estate experts believe 2018 will be the Year of the Seller.
With few exceptions, analysts contacted by Inman News forecasted yet another year in which a scarcity of homes in the real estate market will allow private and institutional sellers to keep prices high, especially as a growing segment of first-time millennial buyers take the homeownership plunge.
“Clearly, 2018 appears to be another seller’s market,” said Mark Fleming, chief economist at First American Financial Corporation. “The shortage of supply relative to increasing millennial demand will not change next year. In fact, it may be exacerbated as more millennials decide to become homeowners and more sellers become prisoners in their own homes, as mortgage rates rise and fear of not being able to find something to buy increases.”
Low inventory, perhaps more than any other economic driver, will be a major hurdle for buyers in the coming year. Indeed, even as overall housing starts spiked to 1.297 million units in November, most experts believe bouncing back to a 50-year average of 1.5 million new units will be no easy task — and until then, the listings shortage will dramatically affect pricing, for better or for worse.
“Builders have been ramping up somewhat over the past year, and that should continue going forward,” said Svenja Gudell, chief economist at Zillow. “But in order to satisfy demand from entry-level buyers in particular, builders will need to find more affordable sites farther from job centers — and it’s unclear if buyers will be willing to sacrifice their commutes for affordable homes as they did in years past. And in general, it will take many years of above-average building activity to help erase the housing deficit we’ve created after years of under-building.”
According to Redfin’s 2018 housing market forecast, a whopping 25 percent of homes sold within two weeks or less during the peak of the buying season in 2017, and nearly one in five homes, or 19 percent, left the market in less than a week.
But mortgage rates, which are expected to rise, on average, to just 4.5 percent by the end of 2018 — and changes to the tax code that may deincentivize homeownership, could tip the balance of power to buyers and give them more room to negotiate, especially in luxury markets.
“I think you’re going to see sellers have less pricing power than they did this year, particularly in states like New York and California,” said Nela Richardson, chief economist at Redfin. “Buyers are going to be ready to play hardball because they’re not getting as much from buying the house as they did this year. And maybe less pricing power in other places, too, because consumers can only pay so much and prices have gone up so strongly.”
Lawrence Yun, chief economist at the National Association of Realtors, echoed a similar sentiment: “The housing shortage will still persist in many markets due to the legacy of slow rate of homebuilding over the past decade,” Yun said. “But due to the tax reform providing less financial benefit to be a homeowner, the overall price increase will be much softer in 2018, by 2-4 percent.”
Added Steve Cook, a real estate communications consultant at commsconsulting.com:
“The inventory drought will continue to be enough of a factor to keep supplies below normal. Most markets will continue to be sellers’ markets, especially for entry-level homes, hotter markets and markets where prices are high and new construction is costly, like the Pacific Coast. Luxury and premium markets will be more evenly split between buyers and sellers.”
Article Credit: https://www.inman.com/2017/12/26/will-2018-be-a-buyers-market-or-a-sellers-market/
The Shops at Legacy West have yet another big name to add to its list of extraordinary shops calling Legacy West home. Levis Strauss Co. opened its door this month to it’s newest location, and first mainline store, and boy is this place incredible!
The store itself is something to be seen and the choices in jean styles and accessories are vast. Here’s how LegacyWest.com sums them all up:
The Legacy West store carries a wide variety of sizes and styles for both men and women. If you love skinny jeans, you will find five different women’s styles of skinny jeans including the classic skinny, hi-rise skinny, mile-high skinny, shaping skinny, and super skinny. Other denim styles include straight, slim, and tapered. For the guys, the athletic fit is the most popular with its extra room in the seat and thigh areas and slightly tapered leg. In addition to dozens of different denim styles, you can also shop for graphic t-shirts, sweater, shirts, trucker and Sherpa jackets, scarves, socks, belts, hats, and handbags.
Well these folks really understand how to stock a store for Texas with variety and style.
They need to in order to be successful in Plano because we Texans love our denim. We do. We are probably the only people on earth who can pull up to a business meeting in a suit jacket and jeans and still demand respect on a corporate level. We can also enjoy dinner at the poshest restaurant where jacket and tie are required wearing said jacket and a fine pair of dress jeans and get seated at the best table they have.
Sure Levi Strauss company started in California, however, we Texans have perfected the look.
The History of the Blue Jean
Have you ever wondered how blue jeans started?
LeviStrauss.com tells the story:
THE INVENTION OF THE BLUE JEAN
May 20, 1873 marked an historic day: the birth of the blue jean. It was on that day that Levi Strauss and Jacob Davis obtained a U.S. patent on the process of putting rivets in men’s work pants for the very first time.
Levi Strauss, a Bavarian-born dry goods merchant, came to San Francisco in 1853 at the age of 24 to open a West Coast branch of his brothers’ New York wholesale dry goods business. Over the next 20 years, he built his business into a very successful operation, making a name for himself not only as a well-respected businessman, but also as a local philanthropist. One of Levi’s customers was a tailor named Jacob Davis.
WE MADE OUR FIRST JEANS OUT OF DENIM – THE TRADITIONAL FABRIC FOR MEN’S WORKWEAR. WITHIN A VERY SHORT TIME, THE JEAN WAS A BONA FIDE SUCCESS.
One day the wife of a local laborer asked Jacob to make a pair of pants for her husband that wouldn’t fall apart. Jacob tried to think of a way to strengthen his trousers and came up with the idea to put metal rivets at points of strain, like pocket corners and the base of the button fly. These riveted pants were an instant hit. Jacob quickly decided to take out a patent on the process, but needed a business partner to help get the project rolling. He immediately thought of Levi Strauss, from whom he had purchased the cloth to make his riveted pants.
Davis wrote to Levi to suggest that the two men hold the patent together. Levi, being an astute businessman, saw the potential for this new product, and agreed to Jacob’s proposal. The two men received patent #139,121 from the U.S. Patent and Trademark Office on May 20, 1873.
history-of-denim2Soon, the first riveted clothing was made and sold. We made our first jeans out of denim — the traditional fabric for men’s workwear. Within a very short time, the jean was a bona fide success. (Although, we should note that they were called “waist overalls” or “overalls” until 1960, when baby boomers adopted the name “jeans.”)
We consider May 20, 1873 the “birthday” of blue jeans, because although denim pants had been around as workwear for many years, it was the act of placing rivets in these traditional pants for the first time that created what we now call jeans.
The next time you see someone wearing a pair of Levi’s® jeans, remember that these pants are a direct descendant of that first pair made back in 1873. That year, two visionary immigrants — Levi Strauss and Jacob Davis — turned denim, thread and a little metal into what has become the most popular apparel on earth.
One of the most interesting points about the Levi Strauss Co. is that their story is actually taught in some schools as a history lesson. Books have been written about it, and other companies study the successful Levi Strauss Co.’s business.
Back To Shopping
The newest store in Plano is on a mission to get you the best fitting pair of jeans you could imagine and their doing so by having a tailor shop smack dab in the middle of the store.
That’s right, you can your blue-jean game to the next level by getting your jeans custom fit to you exact proportions.
We McCoys would like to leave you with some advice as our final thought. Splurging on a great pair of jeans is something should do for themselves as least once in their lives. And whatever you do, go to Sprinkles after you get measured at the tailor shop, don’t do it before you go. You’ll thank us later!
Have you shopped at the Levi Strauss Co.? We’d love to hear what you think! You can drop us a note, here.
Some info and photos from the LegacyWest.com Website
Taking a look at the September market in Plano, we’re checking on the health of the market when it comes to Plano area pending home sales. The market we’re specifically looking at is the single family home market in the price range above $354,000 and with 4 or more bedrooms.
The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two.
Later this month, the National Association Realtors will release their statistics on pending home sales for September of 2017 and we’ll compare how Plano is holding up with the rest of the country.
Like we always say, to know exactly how the market effects your home value, you should have your home personally analyzed to get your complete picture. There are so many variables that will effect your home’s value that no chart or quick form can truly calculate an accurate picture of where your home will stand on today’s market.
The September numbers are out for homes sales from our local NTREIS board and the good news is that average sales prices are up for September 2016 to September 2017
Taking a look at the data from last year, we can see that single family homes sold for September of 2016 were $369,789 on average.
This September, however, we see an increase of those prices of over 4% from last year with an average sale price of around $385,975.
While our chart can give you a current overall view of the Plano housing market, these figures are pretty general and are showing a trend of price increases which is overall good news for homeowners, however, this may not apply to your hone in particular.
Now you might be saying, ‘Gee thanks guys, I just read your blog, got excited about this trend and now you’re saying it doesn’t apply to me? I could have enjoyed another cup of coffee!”
While we also enjoy a great cup of brew, we McCoys really want to stress the importance of getting YOUR big picture looked at when it comes to your home and its value. There are so many mitigating factors that will affect the price of your home in particular, that you really can’t look at a trend and be sure it 100% applies to your current circumstances.
The Advantage of Knowing Us
There is a major advantage of having a Realtor in your pocket of professionals that you go to for advice. You don’t need to put your home on the market to ask us for an analysis of your home’s worth.
One of our services is helping you know where you stand on the market at any given day.
This also includes giving you advice before you make any home improvements. The trends may show that home prices have increased for single family homes in Plano, but that doesn’t immediately translate to having equity in your home – enough to warrant say, a home improvement loan. You need to know your big picture before you decide.
Starting to find your home’s value is easy..just click here