Dream Castle Realty News Letter – Property Taxes in Texas, Economy and Market

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Email: govind.smarthomes@gmail.com

Phone : 510-364-8072 /940-231-3059

Web : https://www.dreamcastlerealty.com

The best Investment on Earth Is Earth – Louis Glickman

 March 2020-Vol 1

Spring Maintenance List

Time to tune in your HVAC
Have a qualified heating and cooling contractor clean and service the outside unit of the air conditioning system

Check your roof and Gutters

Clean up your gutters for any fall and winter debris. Check your roof to inspect any missing shingles

Check your Lawn Watering Schedule

Time to turn on those sprinklers and check your lawn watering schedules and adjust them

Check for any broken sprinkler heads and replace those

Clean up your windows and screen

Time to get those windows and screens dusted up

Texas Ranks 7th in Property Tax Nationally

According to WalletHub Texas has the seventh highest real estate property taxes nationally, according to a WalletHub study.

The Lone Star State’s effective real estate tax rate is 1.81 percent. Annual taxes on the state median home value ($161,700) is $2,621. On a $205,000 home, a Texas homeowner would pay $3,703 in property taxes yearly​​.
New Jersey has the highest effective real estate tax rate at 2.47 percent. Hawaii has the lowest at 0.27 percent.

Market update – Collin County & Tarrant County

Tarrant County:

Median Price in Fort Worth increased 5.7% YOY. Inventory dropped 0.3 % YOY. Average Days on Market was 68 days when compared to 69 days in 2019


Collin County:

Median Prices in Collin County increased 14.3 % YOY basis. Monthly inventory in Collin County decreased by 0.3%. Average Days on Market decreased by a day in Collin County


Texas Ranked as Top State in terms of Commercial Real Estate Development

According to naiop.org The Lone Star State created and supported 378,700 CRE construction-related jobs, contributing $54.15 billion to the state’s economy in 2019.

Direct construction spending in Texas last year was around $20.9 billion.
​Texas ranked first in three of the four development types NAIOP looked at—office, warehouse/flex, and retail space.

San Antonio Market Experiences Strong growth

According to Express News San Antonio Experienced some of the best growth in terms of homes sales attributed to the Vibrant economy.

Prices also rose in January, with the median increasing 6 percent to $229,400. Most of the homes sold, about 57 percent, were priced between $200,000 and $499,000, with about 36 percent costing under $199,000 and about 6 percent over $500,000.

Allen City Council Approves 80 Acres Mixed Use Development

According to The Dallas Morning News The Allen City Council has approved a planned mixed-use development on State Highway 121.

The Development is bought by Thakkar Developers. The Development will include 1 million square feet of office space, 65 single-family homes, 1,600 urban residential units, three hotels and 275,000 square feet of retail, restaurant, and entertainment development at the southwest corner of State Highway 121 and Alma Road

Call us we are here to help

If you are a first-time buyer or an in the market looking for investment in real estate – Commercial, Residential, Farm land. We can help

We take pride in customer service and our clients see the value we provide.

We take ensure to make the process of buying, selling and leasing real estate seamless for you.

If you have a Family member, Friend looking to Buy/Sell Real Estate we will be glad to help.