5 real estate trends to know in McKinney in 2019

The real estate market is always changing in McKinney. Here are five trends to look out for in McKinney.

The real estate market is always changing in McKinney. Here are five trends to look out for in McKinney.

People looking to purchase a home in McKinney this year have a lot to consider. Community Impact Newspaper spoke to several Realtors covering McKinney about what they are seeing in the market and what is expected to come.

Here are five real estate trends to follow in McKinney.


1. McKinney’s median sales price increases 1%


From June 2018 to May 2019, the median sales price in McKinney was $325,000—up nearly 1% from the previous year. From June 2017 to May 2018, the median sales price in McKinney was $321,990, according to data from the Collin County Association of Realtors. Nearby cities such as Plano and Frisco saw a 0.59% and 3.75% increase, respectively.






2. More residents protest appraisal value, save money on property taxes


Approximately 2,000 more residents protested their residential appraisal value this year compared to last year, according to data from the Collin Central Appraisal District. As of June 11, nearly half of the residential protests have been completed.






3. More short-term rentals available as average daily rates decline


There are 167 short-term rentals in McKinney listed on Airbnb and HomeAway as of May 2019, according to data from AirDNA, a short-term rental data analytics firm. Last year, there were 154 short-term rentals. While the number of short-term rentals in McKinney is increasing, the average daily rate year over year is on the decline.








4. Officials: Housing market slowing in McKinney


Homes in McKinney are taking longer to sell than they did 18 months ago, according to local Realtors. Julie Williams with Texas Property Sisters said homes are not taking much longer to sell, but the market is getting back to what it should be.

“It’s like a market correction where things get so insane that there has to be a correction,” she said.

In April 2017, homes were on the market for an average of 35 days as compared to 60 days in April 2019, according to CCAR.






5. Apartment community Cypress Living offering smart units


Cypress Living, located at 4690 W. Eldorado Parkway, McKinney, opened in 2006 and began offering smart apartment units in May 2018. Smart apartments allow residents to use a smartphone to unlock the door, turn on the air conditioning, change the PIN passcode on the door, turn off the lights and more. These units use a mobile application called Dwelo to control the apartment from anywhere, according to Cypress Living’s website. Dwelo also offers smart apartment controls to communities in Fort Worth managed by Hudgins Companies, according to Dwelo’s website.


By Cassidy Ritter
Cassidy graduated from the University of Kansas in 2016 with a degree in Journalism and a double minor in business and global studies. She has worked as a reporter and editor for publications in Kansas, Colorado and Australia. She was hired as senior reporter for Community Impact Newspaper's Plano edition in August 2016. Less than a year later, she took the role of editor for the McKinney edition.


MOST RECENT

Baylor Scott & White Medical Center - Centennial is located in Frisco. (Courtesy Baylor Scott & White)
Baylor Scott & White Health to lay off 1,200 after reporting 'drastic drop' in visits

The layoffs represent 3% of the health system’s workforce.

Starting May 29, water parks will be able to open up to 25% capacity. (Kelly Schafler/Community Impact Newspaper)
Gov. Abbott issues proclamation allowing water parks to open

Starting Friday, May 29, water parks will be allowed to open but must limit guests to 25% of their normal operating capacity.

Work will continue along Louisiana Street in downtown McKinney. (Graphic by Michelle Degard/Community Impact Newspaper)
McKinney transportation update: ‘Light Up Louisiana’ to make downtown improvements

In May, the first phase of improvements along Louisiana Street from Church Street to Kentucky Street began.

The city of Keller’s first hotel, a Hampton Inn & Suites, is expected to open May 28. (Ian Pribanic/Community Impact Newspaper)
New hotel and small-business grants: News from the DFW area

Read Community Impact Newspaper's coverage of the Dallas-Fort Worth area here.

The flute section of the Rouse High School marching band from Leander performs in this 2017 file photo. (Courtesy Leander ISD)
Texas schools may begin hosting sports workouts, band practices June 8

The University Interscholastic League released guidelines for allowing sports workouts and marching bands to practice.

New dentist office Crescent Family Dental to open this summer in McKinney

Crescent Family Dental is expected to open in mid-June in McKinney.

The business opened in the Richardson Heights Shopping Center 16 years ago. (Makenzie Plusnick/Community Impact)
ROUNDUP: How DFW businesses are faring amid COVID-19

Here are 10 recent updates on the metroplex business and restaurant community, with stories on new businesses opening, old businesses struggling, owners making innovations and more.

Here is the latest coronavirus update from Collin County. (Graphic by Community Impact Newspaper)
14 new cases of coronavirus, 2 deaths reported in Collin County

There were 14 new cases of coronavirus reported by Collin County health officials May 22.

Chiropractic offices are working to welcome patients back after a slowdown from the coronavirus. (Courtesy Fotolia)
McKinney chiropractors navigate patient slowdowns amid coronavirus

As the coronavirus made its impact on McKinney in mid-March, canceling elective surgeries and closing nonessential services, local health care offices felt the hit, even though some were open the entire time.

In April, the Centers for Medicare & Medicaid Services announced that independent, freestanding ERs in Texas and several other states can be recognized health care providers eligible for reimbursement for treating Medicaid and Medicare patients during the coronavirus pandemic. (Cherry He/Community Impact Newspaper)
Freestanding ERs in Texas can now care for Medicaid, Medicare patients during pandemic

In April, the Centers for Medicare & Medicaid Services announced that independent, freestanding ERs in Texas and several other states can be recognized health care providers eligible for reimbursement for treating Medicaid and Medicare patients during the coronavirus pandemic.

The Apex Centre in McKinney will reopen June 1. (Community Impact staff)
McKinney Parks and Recreation will reopen recreation centers June 1

As part of a phased reopening plan, the McKinney Parks & Recreation Department will open the Apex Centre, the Community Center and the Old Settler’s Recreation Center on June 1.

Mimi Conner (right) unloads food from her car after picking up nonperishable foods from the North Texas Food Bank and purchasing foods from Aldi, with help from volunteer Michelle Leavitt. (Liesbeth Powers/Community Impact Newspaper)
North Texas Food Bank says new donation will provide 300,000 meals for residents in need

The North Texas Food Bank received a $100,000 donation from online retailer Amazon as the nonprofit continues to provide meals for residents in need.