Tom Grisak's Real Estate Newsletter

Tom Grisak's Real Estate Newsletter

Tom Grisak's Real Estate Newsletter

Monday, July 13, 2026

Tom Grisak

www.grisak.com
[email protected]
972.359.1553

The #1 Realtor in Fairview, Lucas, and Parker, for the past 25 consecutive years!


The first question people always ask us when they see us on the street, whether they're planning on selling or not, is "What's the market doing?" These days I reply, "not outstanding and not terrible, just flat", and that's the case.

We have $26 million listed for sale right now, and that doesn't even include our properties in title. That's more than we normally carry at this time of year, but in line with what we saw in 2025. Our listings are still moving, but not at the speed that people came to expect a few years ago.

Sales are in line with last year and so are the number of listings, but prices have come down. This is a great time to be a pre-qualified, ready-to-go buyer. Don't get me wrong, no seller we know is giving their home away. We all know a more active market will eventually return; we just don't know when. Sellers are being patient, but many will be more receptive to negotiating a deal on their home now than they might have been in years past.

I could throw stats at you until your eyes glazed over, but I know you don't want that, so I'll just keep it simple. Remember, all real estate is local, and we're just concentrating on a small sliver of a huge real estate market in the DFW area.

June Year-Over-Year Stats For Fairview, Lucas, and Parker Only

  • Number of listings - FLAT (155 Total)
  • Closed - FLAT (48 Sales)
  • Median Sale Price - DOWN 11% (Price is $1.1 Million Now)
  • % Sold Over List Price - DOWN 4% (Now only 10%)
  • Median Days on Market - FLAT (60 days)
  • % Failed - UP 8.1% (29.4% of listings did not sell)

My Interview With Fairview Mayor Dr. John Hubbard

Dr. John Hubbard is the third Fairview mayor I've interviewed over the years. Every one of them has been so impressive, and John is too. I can understand why he's so highly regarded by the Fairview residents I've talked to.

John has been in office for a year now. His term began the month after the highly contentious Latter-day Saints Temple design was finally agreed upon with the town of Fairview. Therefore, he didn't have a say in the negotiations, but he's open about wishing it had gone differently.

He'll also update us on the progress at McKinney Airport, which Fairview has been fighting with forever.

Google Maps is great for wide aerial imagery that covers a tremendous amount of area, but the trade-off is it's shot from extreme altitude and the images are grainy. To really get a feel for an area, drone images taken from lower altitudes are the only way to go.

I've started flying selected areas and subdivisions to give you a much better view of these towns. If you would like to see more of these in the future, please follow us on Facebook.


Tim Jackson Releases His New $4.499 Million Home For Sale

801 Walden Pond Way, Fairview

For nearly three decades, Tim Jackson has been building homes in Fairview and Lucas, earning a reputation as one of the area's premier home builders. He's built many of the finest homes, so local residents already know all about him and the quality of his homes. It's not only things you can see, but also what's behind the walls.

If you haven't seen his work, his newest creation, 801 Walden Pond in Fairview, is now for sale, and we'd love to show it to you. It's priced at $4.499 million and will be another stunning home.

View it Here


One of a Kind Auction in McKinney

2115 Paradise Ranch Trail, McKinney

Investors are typically looking for a great price on a home and, to some extent, are less concerned about its condition or special features. The ideal home for homeowners, on the other hand, is in great condition with nice features, but they usually know they'll have to pay more for it. So when you get a beautiful home like 2115 Paradise Ranch in McKinney with wonderful features, is in great condition, and is also investor-priced, it's going to appeal to a lot of people. It's priced at $2.5 million, and if it doesn't sell by July 9th, it will go to auction. If you'd like to see the home in person, are interested in making an offer, or would like to find out more about the auction, please contact us at 972.359.1553.

View it Here


One of the Prettiest Tracts of Land Left in Fairview or Lucas

In my opinion, this is the prettiest and last big tract of undeveloped land in Lucas. It's not for sale, and selfishly, I hope it never does. This is the kind of scenery we get to enjoy every day. Lucas, unlike Fairview, still has many large tracts of land. This land is no more than 7 minutes or so from several million SF of retail, entertainment, hotels, and dining in both Fairview and Allen.

FYI, long ago, we bought a one-acre lot in Oakwood Estates while it was still in development. I believe we paid $125K for it, but today it would probably sell for around $750K if it were still vacant. Oakwood is a gorgeous, wooded development with beautiful homes, but after much thought, we decided Lucas was a better fit for what we wanted: a bigger tract of land and more of a country feel. If that close-in country lifestyle is what you're looking for as well, there are still opportunities in Lucas, and if you're patient, we can help you find it.


What Six Million Dollars Get You in Fairview

I thought you'd like to see a fabulous new home just completed by Joe Vistano of Joseph Paul Homes. Joe, like Tim Jackson, is also one of the premier builders in this area. Agents like me rarely get to see his homes because he doesn't build spec homes. He only builds for his customers, and those homes never hit the MLS. But he was nice enough to walk me through this beauty on Sharon Lane in Fairview.

The home is not for sale. In fact, the new owners were moving in the next day, so it was a little busy, but you'll enjoy seeing it. Look at all the wonderful views out the windows!

The home is next door to the Heard Wildlife Sanctuary, so they see a lot of wildlife. Joe said they even see deer on their land every so often. To think it's only 2 miles from the intersection of Hwy 75 and Hwy 121, two major thoroughfares, is just amazing.

I asked Joe if it was built as a "spec home" where he thought he'd price it. His response was "in the neighborhood of $6 million," and I think he'd get it. Keep in mind that a lot of that price reflects the amazing, heavily wooded, five-acre-plus tract of land, but the home is also amazing and befitting of the lot.


Fairview's Swag Versus The Country Feel of Lucas

I've always considered Fairview and Lucas to be sister cities, or "towns" as the residents prefer to call them. They were incorporated within a year of each other and, for the most part, followed similar paths. Both towns wanted to keep big lots as the main focus for their residential areas, and they have.

While Fairview is more lenient about allowing one-acre home lots, Lucas is more committed to a two-acre minimum lot size. There are some exceptions to these lot sizes for single-family homes, but not many.

Fairview has the "swag", especially when you consider it only has about 11,500 residents, whereas Lucas has more of a country feel. Fairview has two different school districts, but Lucas has six. I doubt there's another town in America with only 11,000 or so residents with six different school districts. But Fairview and Lucas are pretty much joined at the hip by Lovejoy ISD, one of the premier public school districts in the state year in and year out.

Fairview, located at the busy intersection of Hwy 75 and Hwy 121, developed more quickly and attracted retail and apartment developments. That all added tremendously to their tax base. Lucas, on the other hand, has never had the advantages of a commercial tax base. There was literally no retail, except for the Lucas Food Store, of course :-), and there are still no apartments and probably never will be.

But Lucas or Fairview, Fairview or Lucas, you can't go wrong buying or building in either one of these wonderful, family-oriented Texas towns.

Fairview and Lucas comparison map


Ten Minutes of Lucas Estate Homes

There are many more true estate homes in Lucas than Fairview. That's because Lucas is almost twice the size of Fairview's land area, and, as I've already mentioned, Fairview developed more quickly than Lucas, and the bigger land tracts were pretty well picked over faster. I'll be showing you the Fairview estate homes in the near future, but it will be a much shorter video.


Showcasing Tara in Lucas

This video is a flyover of Tara Subdivision in Lucas. Tara reminds me of the Lucas we knew 27 years ago when we moved here. We could have bought these DR Horton homes in the $250K to $300K range all day long. Lucas hadn't been discovered yet, and it was a slower real estate market. Most of these homes are now in the $800K-plus range.

There aren't many two-acre lots left to build on in Lucas, and the ones that are usually sell in the $750K range. We've been told by the developer next to Tara that those lots will be in the $1.2 million range.


Our Recent Sales Activity

801 Walden Pond Way
NEW LISTING · NEW CONSTRUCTION

801 Walden Pond Way

Fairview/Lovejoy ISD

Listed For $4,499,000

Learn More
917 Tranquility Drive
PRICE REDUCTION

917 Tranquility Drive

Fairview/Lovejoy ISD

Listed For $2,999,000

Learn More
2115 Paradise Ranch Trail
AUCTION

2115 Paradise Ranch Trl

McKinney/McKinney ISD

Auction on July 30th

Learn More
5008 Kingston Court
UNDER CONTRACT

5008 Kingston Court

Parker/Plano ISD

Listed For $2,195,000

Learn More
1 Woody Crest Circle
SOLD

1 Woody Crest Circle

Fairview/Lovejoy ISD

Listed For $1,875,000

Learn More
3580 Orr Road
SOLD

3580 Orr Road

Fairview/McKinney ISD · 4.5 Acre Lot

Listed For $1,699,000

Learn More
1216 Hicks Trail
UNDER CONTRACT

1216 Hicks Trail

Lucas/Lovejoy ISD

Listed For $1,550,000

We Are Representing The Buyers
310 Deer Path
PRICE REDUCTION

310 Deer Path

Fairview/Lovejoy ISD

Listed For $1,489,000

Learn More
4909 Whisper Drive
UNDER CONTRACT

4909 Whisper Drive

Parker/Allen ISD

Listed For $1,399,000

Learn More
1500 Ford Lane
NEW LISTING

1500 Ford Lane

Lucas/McKinney ISD

Listed For $1,300,000

Learn More
207 Dumont Court
SOLD

207 Dumont Court

Fairview/Lovejoy ISD

Listed For $1,299,000

Learn More
1505 Barton Creek Court
PRICE REDUCTION

1505 Barton Creek Court

Lucas/Lovejoy ISD

Listed For $1,224,900

Learn More
631 Lakeridge Drive
AVAILABLE

631 Lakeridge Drive

Fairview/McKinney ISD

Listed For $1,199,000

Learn More
4901 Keswick Drive
AVAILABLE

4901 Keswick Drive

Parker/Allen ISD

Listed For $1,140,000

Learn More
85 Stone Hinge Drive
UNDER CONTRACT

85 Stone Hinge Drive

Fairview/Lovejoy ISD

Listed For $1,110,000

We Are Representing The Buyers
4546 CR 408
COMING SOON

4546 CR 408

McKinney/McKinney ISD · 4.32 Acres

Listed For $1,095,000

980 Mala Court
SOLD

980 Mala Court

Lucas/Lovejoy ISD

Listed For $1,050,000

Learn More
1260 Stacy Road
UNDER CONTRACT

1260 Stacy Road

Fairview/Lovejoy ISD

Listed For $999,000

Learn More
1728 Monaco Drive
UNDER CONTRACT

1728 Monaco Drive

Allen/Lovejoy ISD

Listed For $849,900

Learn More
950 Willow Court
SOLD

950 Willow Court

Fairview/Lovejoy ISD

Listed For $998,000

Learn More
844 Veneto Drive
AVAILABLE

844 Veneto Drive

Allen/Allen ISD

Listed For $795,000

Learn More
1980 Winningkoff Road
COMING SOON

1980 Winningkoff Road

Lucas/McKinney ISD

Listed For $765,000

381 Lakewood Lane
AVAILABLE

381 Lakewood Lane

Honey Grove/HG ISD

Listed For $750,000

Learn More
8616 Spectrum Drive
SOLD

8616 Spectrum Drive

McKinney/McKinney ISD

Listed For $629,000

We Are Representing The Buyers
811 Shady Brook Lane
UNDER CONTRACT

811 Shady Brook Lane

Fairview/McKinney ISD · 1.02 Acre Lot

Listed For $595,000

Learn More
TBD FM 272
PRICE REDUCTION

TBD FM 272

Leonard/Leonard ISD · 22.61 Acre Lot

Listed For $550,000

Learn More
1214 Grimsworth Lane
SOLD

1214 Grimsworth Lane

Allen/Allen ISD

Listed For $535,000

We Represented The Buyers
5210 Briar Ridge Circle
UNDER CONTRACT

5210 Briar Ridge Circle

McKinney/McKinney ISD

Listed For $530,000

We Are Representing The Buyers
2516 Skiles Drive
UNDER CONTRACT

2516 Skiles Drive

Plano/Plano ISD

Listed For $525,000

Learn More
920 Mustang Drive
PRICE REDUCTION

920 Mustang Drive

Allen/Allen ISD

Listed For $508,000

Learn More
6 N Star Road
PRICE REDUCTION

6 N Star Road

Lucas/Lovejoy ISD · 2.18 Acre Lot

Listed For $499,000

Learn More
675 Chamberlain Place Drive
AVAILABLE

675 Chamberlain Place Dr

Fairview/McKinney ISD · 1.08 Acre Lot

Listed For $499,000

Learn More
1918 Rhea Court
UNDER CONTRACT

1918 Rhea Court

Celina/Celina ISD

Listed For $450,000

We Are Representing The Buyers
557 Gillespie Drive
UNDER CONTRACT

557 Gillespie Drive

Allen/Allen ISD

Listed For $350,000

Learn More
13 Lots in Inspiration
AVAILABLE

13 Lots in Inspiration

St. Paul/Wylie ISD · 0.28–0.52 Acres

Listed From $230k – $395k

Learn More

Call us any time at 972.359.1553 or email us at [email protected]. Please visit us at Grisak.com as we're adding new listings all the time.

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