Plano North - July 2020

PLANONORTH EDITION

REAL ESTATE

ONLINE AT

2020EDITION

VOLUME 6, ISSUE 10  JULY 24AUG. 20, 2020

Plano inventory tightens further as home sales begin their rebound

Rebound in contracts

After being up more than 13% year over year in February, the number of homes under contract in Plano declined in the early days of the coronavirus pandemic. Realtors said listings have since rebounded, but there is not enough inventory to meet the demand.

BY DANIEL HOUSTON

region has been partly due to increased interest in home ownership, even as the coronavirus pandemic continues. “We saw buyers ready to make a move in June as dropping interest rates unlocked the option of [home ownership] for many, and made higher price points more aordable for those who have been saving to move into a larger home,” Long said in a statement. Throughout Collin County, home sales were higher in May than their lows in the early days of the corona- virus pandemic. But the number of homes under contract also rose year over year, jumping nearly 50% over CONTINUED ON 16

Plano’s housing inventory has been depleted further as the city’s limited supply of homes, particularly on the more aordable end of the spectrum, has continued to sell. In the month of May, Plano had less than a two-month supply of homes in a price range under $600,000—the sign of a market that typically favors sell- ers over buyers, according to industry experts. A housing market is generally thought to be balanced if it has about six months of inventory. David Long, president of the Col- lin County Association of Realtors, said the reduction in inventory in the

NUMBER OF HOMES UNDER CONTRACT IN PLANO

COVID-19 pandemic begins in North Texas

2018

2019

2020

400 300 200 100 0

MAY

FEB

MARCH

APRIL

SOURCE: COLLIN COUNTY ASSOCIATION OF REALTORSCOMMUNITY IMPACT NEWSPAPER

Plano ISDbraces for abnormal fall

Here’s a breakdown of how many Plano ISD students at each level opted into the remote learning option over in-person classes in advance of the 2020-21 school year. Data is based on preliminary results released July 17. Parents were asked to give an answer ahead of the school year with the option to change their preference at a later date. NEARLY HALF SIGNUP FOR REMOTE LEARNING

BY DANIEL HOUSTON

Elementary

Middle School

High School

Senior High

As Plano ISD navigates a rapidly changing environment, the district is preparing to start school remotely Aug. 12 while eyeing a return to classrooms for some students down the line. As of this paper’s print deadline, district ocials were still preparing to reopen campuses later in the year, CONTINUED ON 21

43.7%

49%

48.4%

50.8%

Chose remote learning Chose in-person classes

SOURCE: PLANO ISDCOMMUNITY IMPACT NEWSPAPER

TWO PLANO EDITIONS We are excited to announce we will deliver a North and South version of our Plano newspaper moving forward, giving our advertisers a more targeted way to reach our readers. North includes ZIP codes 75024, 75025 and 75023. South includes ZIP codes 75093, 75074, 75075 and 75094. Our commitment to reach every mailbox in Plano with local, relevant content remains at the center of our mission. We are excited to innovate in new ways to better serve our readers and advertisers.

121 TOLL

DNT TOLL

75025

75024

75

75023

75093

75074

75075

PGBT TOLL

N

NONPROFIT FEATURE

BAVARIAN GRILL

20

22

communityimpact.com

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