DALLAS HOUSING MOVING UP!!!!
I just thought I’d report some good news for a change. Seems all we’ve heard for the past couple of years is bad news and worse news for real estate. Here in Dallas I think we have turned a corner people! Here’s why. The National Association of Realtors (of which I am a member) is reporting home sales increased 4.3% last month. That might not sound like a lot, but that’s the highest level since May 2010! This puts sales of previously occupied homes at the fastest pace in nearly two years! This bodes well for the Spring real estate season. I ...
Saving The Best For Last
Join me this Sunday January, 22 from 2-4pm at my open house located at 4230 Travis #8...Only New Construction In The Area as in Brand New never been lived in!! This Condo is Located in the Knox Corridor of Uptown One Block from Katy Trail & Walking Distance from Dining, Entertainment & Shopping on Knox. The Unit is 1855 sq ft 2 bedrm 2.5 baths+study and loaded with Upgraded Features Including Custom Front Doors, Richly Stained Wood Garage Doors, Granite Countertops, Kitchen Aid Arch Series SS Gas Appliances, Built In Wine Chiller, Maple Cabinets, Under Cabinet Lighting in the Kitchen & ...
TREE’d DECK!
The Deck Park over Woodall Rogers (The Park) is coming to life!!! 30 Oak trees were just planted in a single file line on the southern edge of bridge park connecting thriving Uptown with the Arts District & Downtown. Since it is walking distance to our office, we at CLAY STAPP+CO plan to take full advantage of the amenities this Spring.
A Contrarian Perspective
Looking at national and local statistics on recently sold homes as well as working here in the Dallas real estate market, I’ve witnessed the housing slump firsthand. Granted, us folks here in DFW are much better off than the majority of the nation. Nevertheless, home sales and prices here in North Texas did indeed slow down and depreciate this past 2011. The main reason I believe many potential buyers continue to flinch is from fear that home prices will fall further after they’ve committed to a purchase. Despite all the banking stimulations, historically low interest rates, high lease prices, and low ...
CITYPLACE CONSTRUCTION UPDATE
In 2000, when the West Village arose, new close-in housing was a novelty. 'Everyone told us it would never work,' developer Henry S. Miller III says. "We have about 16 acres left," said Neal Sleeper, president of Cityplace Co. "We started with 130 acres 20 years ago." Today, the project includes more than 1,700 homes and almost 400,000 square feet of retail space. Things have changed from their original plans. And for the better I think. After pouring more than $300 million into buying land and building the first 42-story skyscraper, Southland announced in 1987 that it wouldn't put any more money into the ...
FIGURES COULD DRIVE DALLAS SALES IN EARLY 2012
The end of the year is often a tough stretch for the real estate market, no matter the location. Families being in full travel mode and having vacation time takes away from the amount of attention paid to a housing and condominium search. While many U.S. cities experienced routine fourth quarter obstacles in the late months of 2011, Dallas wasn’t one of them. Within Dallas home and condo sales, the recent statistics have seemingly started to swing in favor of potential buyers. The current median listing price has dropped nearly seven percent from mid 2011, when it was near $224,000. Currently ...
BYE BYE POPCORN CEILING!
I just found this blog on Candy's Dirt and I whole-heartedly agree with her. Buyers in this market are just looking for a reason to go to the next house. There are just too many homes to choose from and if yours isn't in top notch condition for the money, they will walk right out the door. Her blog is a great one about popcorn ceilings in older homes. Personally, I hate this stuff - I'm sure most people hate it, but are just too lazy to take it off. Her post gives great instructions on how to get rid ...
MUSEUM TOWER UPDATE
Museum Tower Update As I’m sure you’ve noticed the beautiful silvery new building going up in the arts district is Museum Tower. The 42-story skyscraper with a $200 million dollar price tag is right in the middle of the Dallas Arts District and adjacent to the Park which is under construction roofing Woodall Rodgers Freeway. What a spectacular location for some lucky home buyers! It was designed by Los Angeles architect Scott Johnson. Who’s buying these pricey condos in the sky you ask? The developers say 60% of current buyers use Dallas as their primary home and the remaining 40% are out ...
