West Allen Activity January, February 2008

All information below was taken from NTREIS, and is believed to be accurate. It was pulled up on March 11, 2008. It includes all properties in zip code 75013.

There are currently 334 active listings in West Allen, with the average list price $417,991, and the average list price per foot $115.

There are currently 52 homes under contract.

There have been 72 sales so far in 2008 in January and February. The average sales price is $341,224 and the average price per foot is $104.The average days on market in 2008 is 100.

There is an approx. 10 - 11 month absorption rate of inventory in West Allen. I like to see a 3 -4 month absorption rate. Basic economics tells me that homes prices will not be on the upswing until the absorption rate goes down. The good news is, we are coming on our busiest months of the year for real estate sales.

For specific information on your neighborhood and home, please contact me, Michelle Musick Jones, the #1 agent for Coldwell Banker in Collin County as well as the #1 agent for preowned listings sold in all of West Allen. I get results, and I know the market. Go to westalleninfo.com or contact me at 972.731.1222.

Watters Creek Activity

Watters Creek is the newest retail development in Allen featuring upscale shopping and dining. It is located at the southwest corner of Bethany and Central Expressway in West Allen. When complete, it will boast 520,000 sq. ft. of specialty retail and leisure, 170,000 sq. ft. of office space, 285 integrated residential units, and a 135 room hotel.

Market Street is finally open! It had its grand opening on February 29th, and the parking lot has been full every time I have driven by. Brio, an Italian Bistro, looks like it might be the next restaurant to open to join P.F. Chang's.

Here is an updated list of all tenants that will be opening up in Watters Creek. This information was taken from Trademark Property's website, as of March 11, 2008, and could change:

Market Street United
Borders Books and Musick
Brio
Victoria's Secret
PF Changs
Woodlands
Sephora
Ann Taylor Loft
Eddie Bauer
Mi Cocina
Swoozies
New York and Co.
Chico's
Jos A. Bank
Cheesecake Factory
Wachovia
Naan
Sample House
White House Black Market
Bath and Body Works
Signature Nails
Patsy Grimadli's
Celebrity Cafe
The Boardroom Salon for Men
DSW
Cru Wine Bar
Potbelly
Gymboree
Village Jewelers
LeCreuset
Starbucks
Vera Bradley
Francesca's Collection
Sunglass Hut
Origins
Paciugo

Wow! That's a list!