Real Estate Newsletter

Tom Grisak's Real Estate Newsletter

www.grisak.com

972.359.1553

The #1 Realtor in Fairview, Lucas, and Parker for the past 24 straight years

Every home in our listing portfolio has something special about it, however if I talked about each and every one, this newsletter would be way too long. But you can follow the links to all of them on our website. But there's one home that stands out in so many ways, you might enjoy looking at it even if it's out of your price range or not in the market to buy.

Tim Jackson Custom Homes originally built this home for his own family so you can imagine the quality and finishout that was already there. Then, the new owners added an additional $500K, not including the new roof. In my opinion, this home is right there with the most highly finished homes that have ever come onto the market in Fairview.

We recently sold one of Tim's new homes in Fairview in the high $3 million range and as nice as it is, even that home didn't have the amount of amenities of this home not to mention this fabulous wooded lot.

Here's the Link.

391 Oak Ridge, shown above, is also in Fairview, but it's on the other side of the spectrum. It's not a teardown but will require a complete makeover, including floors, paint, appliances, landscaping, etc.

What's remarkable is this home went to title within a few days of hitting the market and we had three good offers. It should close above the asking price.

The home was built in 1987 and is 4,310 SF. It's listed at $859K and does not have a pool. But it's on a beautiful, heavily wooded lot, and that's what made it attractive to investors.

Although there hasn't been a one-acre wooded lot sale in Fairview as far back as I can remember, my guess is if this lot alone hit the market today, it would sell easily into the $600's and quite possibly into the $700's.

The wooded lots were the first to sell when Fairview started developing, so they're long gone. Fairview homes are getting so expensive, especially the homes on acreage. Right now, there's only one home in Fairview for sale on a one acre lot under $800K. If you'd like to see more of this home, here's the link

The Cold, Hard Facts What Really Happened in the 4th Quarter

Did you know in the fourth quarter last year ...

55% of the homes that sold in Collin County required at least one price drop before they sold.
The average price reduction across the board was 7.5%
40% of the homes that were listed never sold and dropped off the MLS
26% of homes sold for full asking price in the 4th quarter of 2023, 20% sold for full asking price last quarter
There were more home sales last quarter than the 4th quarter of 2023 and also the 4th quarter of 2022. We don't feel it because there are so many more homes for sale now than back then

Our proprietary software uses MLS data, however it removes all of the inconsistencies and inaccuracies that skew standard MLS reports. Sean Elliott and Tom will explain how it works and give you a true picture of what happened last quarter in real estate sales.

The Grisak Group Podcasts Can Now Be Heard on Spotify

We're making it easy for you to listen to our podcasts in your or on your phone without viewing. We are set up on Spotify now and just posted our first podcast shown just above. Here's the URL

Lucas Is Getting Another Shopping Choice Other Than Walmart And The Lucas Food Store

A Look From The Air On What's Happening At The Lucas Food Store Traffic Choke Point

The City Of Princeton Is Exploding. Here's How It's Going To Affect Lucas.

Does The Sewer Pipe Under Your Home Look Like This? If So, You've Got A Problem.

Have You Heard About Allen's Proposed Resort and Convention Center?

Check Out The New Mineral Crystal Kitchen Islands

Our Activity Since the Last Newsletter

PLEASE NOTE: We have 10 more listings signed but cannot announce them as yet. We're working through the process of preparing for our site and the MLS. We're really excited about them and hope you'll check our site periodically. Better yet, just give us a call, and we'll fill you in. Any of our agents will be able to answer your questions. 972.359.1553

NEW LISTING

650 Maple Creek Drive

Fairview/Lovejoy ISD

Listed For $3,100,000

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