Collin County

Housing Shortage in Plano Fuels Fierce Buying Competition

A growing family means the Blakes have outgrown their Frisco home.

So, their selling it and the timing couldn't be better. 

“We heard about how easy it was going to be but didn't expect this,” father Jordan Blake said.

An hour after the "for sale" sign went up in their front yard, they had two offers on the table. One was $5,000 above list price, he said.

The home is still seeing a steady stream of shoppers.

“It’s kind of been a whirlwind,” he said.

But selling is the easy part.

“It’s going to be the buying part that's going to be the difficult part,” Blake said.

Thousands of new jobs coming to Legacy West in Plano means demand for homes is high in Collin County, and supply is low.

“Liberty Mutual, Toyota, State Farm, they're bringing in thousands and thousands of people. Those people have to have homes to live in. So that's really the driving factor behind the majority of it,” realtor Ryan Sparks said.

That's why between a new baby and work, the Blakes now have a new job, monitoring the market around the clock.

“We like Plano. As soon as one goes up, you have to pretty much call your realtor, schedule a showing or the house is probably going to be gone,” Blake said.

Contact Us