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December Newsletter- Merry Christmas!

It is hard to believe that we are wrapping up 2021. Christmas is just a few days away and we will soon welcome the new year. We want to wish you all the best this holiday season! Make sure to check out our family recipe at the end of this newsletter, our gift to you!

This year has been a very busy year for real estate in North Texas with a record number of sales and rapid price appreciation. Mortgage rates remained low this year and supply shortages have increased the price of real estate. This month’s stats are from November. Next month we will have the year end totals and have a 2021 recap. Real estate prices still moved upward in November, supply decrease from October and the days on market remained flat.

Here are the numbers:

Median Sales Price

NOVEMBER 2021
 
Denton County
$415,000 | +21.9%

Collin County
$450,000 | +23.3%

Dallas County
$319,800 | +14.3%

Tarrant County
$320,000 | +20.8%

Days on Market

NOVEMBER 2021
 
Denton County
7 | -46.2%

Collin County
7 | -41.7%

Dallas County
11 | -21.4%

Tarrant County
8 | -27.3%

Median Percent of Original Price

NOVEMBER 2021
 
Denton County
101.0% | +1.8%

Collin County
101.7% | +2.3%

Dallas County
100.0% | +1.6%

Tarrant County
100.3% | +0.3%

Months of Supply

NOVEMBER 2021
 
Denton County
0.8 | -27.3%

Collin County
0.7 | -36.4%

Dallas County
1.0 | -54.5%

Tarrant County
0.8 | -33.3%

Volume

NOVEMBER 2021
 
Denton County
1,284 | -8.2%

Collin County
1,327 | -9.9%

Dallas County
2,145 | +1.1%

Tarrant County
2,290 | +1.0%

Mortgage Rates

Mortgage Rates began rising but fell just this past week. Here is a look at the current rates per Freddie Mac.


Appraiser’s Corner

  • Check out this month’s information just for real estate appraisers. If you have information that you think would be good here, please let us know.

Webinars

  • Last month’s webinar with George Dell & Lyle Radke was very informative. You can watch the replay from George Dell. Next month’s webinar is with Timothy Anderson, discussing Highest and Best Use and Market Value. You can sign up at the link below:
  • Appraiser ELearning Free Monthly Webinar. This month’s webinar covered Fannie Mae and ANSI. This webinar has already occurred but you can watch the replay here.

Fannie Mae announced on December 15, 2021 that they will be implementing the home measurement standard of ANSI. This will go into affect on April 1, 2022. Here is a link to their fact sheet. There are a few articles about this adoption in the appraisal reads section.

If you know of other great webinars from appraisers please let us know. We’d be glad to share.


Merry Christmas from our family to yours! As a gift we are sharing this family recipe from Shannon’s great grandmother was born in 1890 and she was a true pioneer. When visiting her, it was like going back in time. She loved to bake and although a thin woman, she had a “sweet tooth” and always had sweet treats to share. Here is her old past down recipe for Gingerbread.

  • 2 Cups flour
  • 1 Cup sugar
  • 1 tsp baking soda
  • 1/2 tsp salt
  • 1 Cup Wesson oil
  • 1 cup Ribbon Cane Syrup
  • 2 eggs
  • 1 tsp all spice
  • 1tsp cinnamon
  • 1 tsp ginger

Mix all, add 1 cup boiling water. Mix. Bake at 350 degrees for 35 minutes.

Great Grandmother Cain’s Gingerbread Recipe


Merry Christmas &

Happy Holidays

from our family to yours!

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