$137.5 Million Closed and in Title Year To Date |
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I've kind of been singing the blues for the past month or so because our showings, offers, and sales have been anemic. I should have known better because for us the market turned around pretty quickly. You can see by our recent activity we're starting to experience a November surge.
1621 Jan Marie in Lucas, priced at $2.65 Million, went under contract within 13 days of hitting the market. That's fast for a home in this price point at any time of the year. It's another gorgeous design by Homes by JAnthony and you really should take a look at the pictures of the home.
Speaking of Homes by JAnthony, we visited with president Tony Prutch a couple of weeks ago. He said he currently has over 40 homes either under construction or with contracts signed. That includes this home in Lucas which we just listed. We'll be adding pictures as the home is under construction, but Heather Poehler can tell you all about it.
It's not really the material costs that are driving up the prices on these million dollar plus homes, it's the lot costs. 1-2 acre lots closer in are going to cost from $600K up to $900K. The custom home itself with a pool will usually end up from two to three times the lot cost so that's why new construction homes are often topping out at over $2 million.
You can still get a nice one acre lot in Celina in the $350K range in a brand new development by Homes by JAnthony. You'll save a LOT of money by moving there and I'll bet some day the lot prices we're seeing now are going to look very inexpensive.
2905 Beauchamp, in Plano, listed at $2.2 million, went under contract in only 8 days and just closed. This is another beautiful home on a large city lot in The Enclave of Willow Bend. There's a nice story behind this home.
Sean Elliott told me he was recently visiting Mr. Seller when he walked back to his office and pulled out a letter Sean had sent to him years ago. He'd saved it to show Sean because this was their third transaction together. That kind of loyalty is so appreciated by us because we really do try hard for our clients.
And finally, 5903 Cox Farms Estates priced at $1.175 million went under contract in only 26 days. That tells me Sarah Haskins had it priced right and well marketed.
You might not know that Sarah is also a wonderful interior designer. In the near future I'll be sharing some before and after pictures of a home she's just finishing up.
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In years past, I've tailored this newsletter to the Fairview and Lucas area because I know it so well. Now that we have agents working in the surrounding areas they're keeping me up to date with what's happening in cities like Rockwall, Heath, Celina and Prosper.
For example, I knew Prosper was booming. Since 2010, Prosper has grown 300% and the average selling price per square foot has doubled since 2013. But I had no idea Celina has already grown to 37,000 residents. It's grown 468% since 2013 according to census.gov. Both Wendi Splawn and Sarah Haskins know Prosper and Celina extremely well because they live there. They've watched it grow around them just like I watched Lucas grow around me.
We now have Courtney Peugh who lives in and specializes in Heath and Rockwall. She was the top selling agent in the entire Rockwall Keller Williams office last month and their office is even larger than our Allen office of 240 agents. Very impressive!
Just take a look at the explosive growth of these cities in the charts below. I'd say this is a safe investment whether you're buying existing or building. We'd be happy to provide a complimentary opinion of value on your home or run a purchase scenario for a home within your budget. Just give us a call at 972.359.1553 and we'll get you in touch with one of our area specialists.
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Jason Grisak Joins The Grisak Group |
I’m so pleased to announce Jason Grisak has joined The Grisak Group as our newest agent. He previously worked for a Dallas based oil company assisting them with their financial modeling needs.
Several years ago Jason also began designing and selling computer components., first as a hobby and then as a business. Although he still enjoys that he feels now is the perfect time to start his own real estate career.
Jason attended Lovejoy School District from first grade through high school. He graduated from the University of North Texas in 2019 with a degree in economics.
Jason has a very analytical mind and after years of hearing stories about our deals and negotiations, he already has an understanding of what we're all about. With his honesty, integrity and a caring attitude towards others he'll do very well in this business.
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Please visit our website to see all of our listings. And remember, we often have more listings which are not shown on these updates. You'll always find us at www.grisak.com
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SOLD
Plano / Plano ISD
List Price $2,199,000
We Represented the Sellers
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SOLD
Allen / Allen ISD
List Price $449,500
We Represented the Sellers
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SOLD
6505 Terrace Drive
The Colony / Lewisville ISD
List Price $875,000
We Represented the Buyers
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UNDER CONTRACT
Fairview / McKinney ISD
List Price $3,200,000
We are Representing the Sellers
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UNDER CONTRACT
Lucas / Lovejoy ISD
List Price $2,650,000
We are Representing the Sellers
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UNDER CONTRACT
Fairview / Lovejoy ISD
List Price $2,489,000
We are Representing the Sellers
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UNDER CONTRACT
Frisco / Frisco ISD
List Price $1,374,960
We are Representing the Sellers
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UNDER CONTRACT
Parker / Allen ISD
List Price $1,175,000
We are Representing both the Buyers and Sellers
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UNDER CONTRACT
Dallas / Dallas ISD
List Price $1,149,000
We are Representing the Sellers
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UNDER CONTRACT
6505 Terrace Dr
The Colony / Lewisville ISD
List Price $875,000
We are Representing the Buyers
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UNDER CONTRACT
Fairview / McKinney ISD
List Price $540,000
We are Representing the Sellers
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UNDER CONTRACT
Irving / Irving ISD
List Price $247,500
We are Representing the Sellers
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UNDER CONTRACT
790 Parkside Court
Highland Village / Lewisville ISD
List Price $875,000
We are Representing the Buyers
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PRICE IMPROVEMENT
Parker / Plano ISD
List Price was $925,000
NOW $899,000
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PRICE IMPROVEMENT
Allen / Allen ISD
List Price was $674,900
NOW $659,900
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PRICE IMPROVEMENT
Princeton / Princeton ISD
List Price was $317,500
NOW $310,000
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Call us any time at 972.359.1553 or email us at info@grisak.com. Please visit us at Grisak.com to see how we professionally market our properties and learn more about the areas in which we specialize.
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