Richardson - July 2020

RICHARDSON EDITION

REAL ESTATE

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2020EDITION

VOLUME 2, ISSUE 11 | JULY 22 - AUG. 19, 2020

Local market activity on the rise following COVID - 19 shutdowns

Shutdown orders intended to slow the spread of the coronavirus had a minor e ff ect on home buying and selling in Richardson, according to Collin County Association of Realtors data, but activity quickly resumed once restrictions lifted. BOUNCINGBACK Homes under contract (pending sale) New Listings KEY

year for real estate, Jones said. Shut- down orders led to a near halt in view- ings in late March and early April, but as businesses began to reopen, a sense of urgency returned. “We had 30% more showings this May than last May,” she said. “Once people did start to come out, they came out in large numbers.” New listings in Richardson dropped by about 23% from March to April, but then increasedby about 59%fromApril to May, according to the association. Sellers are capitalizing on low housing stock, which drives up demand from buyers, said Angela McCants, a Realtor with Dave Perry Miller Real Estate. “We don’t have much inventory, and CONTINUED ON 15

BY OLIVIA LUECKEMEYER

The Richardson home market is regaining momentum after a steep dropo ff in April, local real estate agents report. “Three months ago, when every- thing looked so dismal, we would have never expected what we are seeing now,” said Marilyn Jones, an Ebby Hal- liday Realtor working in the Richard- son o ffi ce. Data from the Collin County Associ- ation of Realtors show the city’s num- ber of new listings and pending sales were up in May, signaling a mindset shift among buyers and sellers whose con fi dence in the market may have fal- tered due to the virus, experts say. Spring is normally a busy time of

200 150 100 50 0

January

February

March

April

May

Month

May 1: Certain businesses are allowed to reopen at 25% capacity. March 23-24: Dallas and Collin counties issue stay-at-home orders.

Jan. 20: The fi rst U.S. coronavirus case is detected in Washington state.

March 10: Dallas County reports its fi rst two positive cases of the virus.

May 18: Second phase of reopening begins in Texas.

SOURCES: COLLIN COUNTY ASSOCIATION OF REALTORS, MULTIPLE LISTING SERVICE DATA / COMMUNITY IMPACT NEWSPAPER

Plano ISD bracing for an abnormal fall

In-classroom

100% remote

Plano ISD has narrowed down the options it is considering for the 2020-21 school year to two learning tracks for students. PATHS FOR LEARNING

days a week on campus, instruction with teacher, additional safety precautions

Overview:

days a week of remote instruction

BY DANIEL HOUSTON

Video instruction with teachers; some live interaction

Methods of instruction:

Face-to-face instruction with teacher and classmates

RISDprepares to release o ffi cial reopening plans As Plano ISD navigates a rapidly changing environment, the district is preparing to reopen schools but also to o ff er a fully remote option for families who are not yet comfortable with their kids returning to the classroom. But depending on how prevalent the CONTINUED ON 17

Curriculum:

In-classroom and remote curricula are the same.

If schools shut down again:

In-classroom instruction would become 100% remote.

SOURCE: PLANO ISD / COMMUNITY IMPACT NEWSPAPER

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