December Newsletter- Goodbye 2020

A Christmas Wreath in Texas

We at the DW Slater Company want to send you our warmest wishes during this season. We know that this will look different for all of us as we try to stay safe. We have a large family of seven kids and this is always a special time, however, this year will be different for us. May you enjoy special time with family and friends, in whatever way it will be for you this year. We do pray for safety and health for you and send you this greeting:

Merry Christmas from the DW Slater Company

Goodbye, 2020! I think that we can all agree that this year has been unlike any that we have experienced and no one saw it coming. As real estate appraisers, we analyze markets, and this year has proved the difficulty of predicting what markets will do. As we were first experiencing the pandemic in March, many were predicting real estate market declines. However the demand for work from home space, limited supply, and historic low mortgage interest rates, really moved the markets up. In North Texas, we have seen just that. Here are the latest numbers for our main counties. Next month’s newsletter will have our year-end report as this is the data through November.

Median Sales Price Trends

NOVEMBER 2020
Denton County
$342,000 | +8.6%
Collin County
$363,500 | +10.8%
Dallas County
$280,000 | +12.9%
Tarrant County
$265,000 | +10.4%

Median Price Per Square Foot

NOVEMBER 2020
Denton County
$149 | +6.4%
Collin County
$150 | +8.7%
Dallas County
$155 | +14.0%
Tarrant County
$137 | +8.7%

Median Day on the Market

NOVEMBER 2020
Denton County
13 | -62.9%
Collin County
12 | -70.0%
Dallas County
14 | -50.0%
Tarrant County
11 | -56.0%

Months of Supply

NOVEMBER 2020
Denton County
1.0 | -65.5%
Collin County
1.0 | -67.7%
Dallas County
2.0 | -39.4%
Tarrant County
1.0 | -56.5%

Volume

NOVEMBER 2020
Denton County
1,371 | +28.0%
Collin County
1,449 | +28.6%
Dallas County
2,080 | +17.1%
Tarrant County
2,211 | +7.3%
 
 

As you can see from the charts, our markets have appreciated in 2020. There was a pause during the first of the pandemic and then prices started increasing in June. Prices have been leveling off since August but everything is up compared to the same time last year. All percentages are year over year. Supplies conitue to remain low as well as mortgage interest rates. We will continue to see what happens in 2021.

Christmas Recipe

What are some of your family seasonal recipes? We would like to share one. Enjoy this recipe for Christmas Chex Mix from Shannon.

Christmas Chex Mix

  • 6 cups of Rice or Corn Chex cereal
  • 2 cups of mini marshmallows
  • 1 cup of mini pretzels
  • 15 oz of vanilla candy coating (almond bark0
  • 3 tablespoons of red & green colored sprinkles
  • ¼ cup of powdered sugar
  • 1 cup of red & green coated M&Ms

Mix cereal, marshmallows, and pretzels in a large bowl.  Microwave the candy coating 60-90 seconds, stir until smooth. Pour into a large bowl with cereal mix and mix well.  Spread onto a waxed paper-lined cookie sheet and sprinkle with the red & green sprinkles. Cool completely ( approx 15 minutes). Break into bite sizes pieces and place into a 2-gallon zip lock bag with the powdered sugar.  Put back into the large bowl and mix with the M&Ms.  Enjoy!

We do sincerely wish you a special time during this holiday season. Please know that our offices will be closed on Christmas Eve and Christmas Day. We look forward to serving you the following Monday.. As always, if you have questions or need services please contact us at www.dwslaterco.com

2 Replies to “December Newsletter- Goodbye 2020”

  1. Very similar trends to Sacramento. Higher volume, lower inventory, higher prices, and it’s taking fewer days to sell.

    Merry Christmas to you and your family. And yes, we’re all okay with tucking 2020 into bed and welcoming a new year. There is hope.

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