Dallas Fort Worth Real Estate Blog

DFW Homes The DFW housing market has certainly been booming over the last several years but are we about to see a bit of a slowdown in the coming months? 

As reported earlier in the month, home sales across the U.S. saw a slight drop for the fourth straight month in July, and new home sales were also down 2 percent last month year-over-year as well. 

Despite a strong economy and a still-thriving labor market, single-family home starts and permits have apparently slowed, and it’s caused some economists to raise an eyebrow. 

Steadily increasing home prices and higher mortgage rates have certainly contributed to the recent slowdown nationally, and that can certainly be said for here in DFW as well. Year-to-date sales locally are now showing a 2 percent drop

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Highland Park CondosAlthough condos and townhomes in Highland Park certainly aren’t as common as they are in places like Dallas or Fort Worth, several locations still present buyers with some unique and desirable opportunities for attached, maintenance-free living in the area, starting with these 3 incredible communities

The Mondara 

Built an developed by Robert Elliott Custom Homes and Savannah Developers, The Mondara is one of Highland Park’s most impressive condo communities. Located at 4502 Abbott Avenue, condos at The Mondara are elegant, sophisticated, and priced from $1.65 million.

Park Plaza 

Easily one of the more prominent condo buildings in Highland Park, Park Plaza has a distinguished level of luxury that condo buyers love. Units feature spacious open

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Arlington Homes For SaleArlington is one of DFW’s more recognized cities. Along with being the home of the University of Texas at Arlington (UTA) and countless outdoor amenities and attractions, it’s of course also where the Cowboys and Rangers play as well, further boosting its overall cachet. 

With so much going on in and around Arlington, it’s hardly surprising that many regional home buyers widely consider it to be one of the more desirable places to begin their search. Options and opportunities on the housing market are certainly widespread in Arlington, although if you’re someone looking for that jaw-dropping home with all the bells and whistles, here’s a closer look at where you’ll find some of the most spectacular houses in town…

The Estates on Rush Creek

The

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DFW Home Sales Up in JuleWhile DFW home sales in June dropped 3 percent year-over-year, the market seemed to pick back up in July with sales jumping 6% overall compared to July of 2017. 

In addition to the uptick in sales, the median home price also saw a 6 percent jump—something the has remained fairly consistent throughout most of 2018. 

Suburban Cedar Hills, Coppell, and Far North Dallas saw the biggest increases in home sales last month, registering 45 percent, 35 percent, and 25 percent spikes respectively. 

Somewhat surprisingly, sales in Uptown actually dropped 12 percent last month, which has been one of the hottest neighborhoods in Dallas in recent months. 

Frisco and Lake Highlands also saw a dip in sales in July, falling 16 percent and 11 percent

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Home Sales July 2018 Home sales in the U.S. dropped for a fourth straight month back in July, according to new figures released by the National Association of Realtors. 

July’s decline of existing home sales, which was recorded at just 0.7 percent, marked the longest streak of monthly declines since 2013. 

Inventory of existing homes on the market sits at just 4.3 months, which is well below what many consider healthy market of six to seven months. 

According to economists at NAR, the shortage is likely driving home prices up across the board and pushing some would-be buyers out of the marketplace. 

Compared to this time last year, the median home price has spiked 4.5 percent to $269,600. 

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Buying a house in DFWEven as home prices all throughout North Texas continue to rise, a recent analysis from RealEstate.com is showing DFW is the second best metro in the country when it comes to saving for a down payment. 

According to the report, it takes the average DFW first time home buyer about three years and five months to put away enough money for a 20 percent down payment, which was good enough to rank second behind only Chicago.

Steady job growth, a flourishing dining and nightlife scene, and a relatively low cost of living (for now) all help make Dallas an underrated city for young and first-time home buyers, but that could change as popularity for the city continues to grow and more people continue to make the move to North Texas. 

Among the worst cities

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The Fort Worth condo market may not be quite as extensive as what you’ll find in Dallas, but don’t let that fool you into thinking luxury condos here are non-existent. In fact, Fort Worth often presents buyers with unique, desirable, and ultra-swanky condo options at prices a bit lower than Dallas, allowing you to save a little money along the way too. So if you’re planning to be in the market for a luxury condo somewhere in the DFW area soon, here’s where we recommend checking out what’s currently available in Fort Worth: 

The Tower 

Perhaps the most prominent condo tower in all of Fort Worth, this 35-story building is everything you would expect from a high-end high-rise and then some. Despite being built back in the mid 1970s, condos at The

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DFW New Construction ApartmentsJust over 17,000 new apartment residences are expected to be delivered in the Dallas-Fort Worth area by the end of this year, elevating North Texas to being one of the hottest multifamily markets in the country and second only to New York City.

According to new data from RENTCafe.com, the state of Texas is also leading all states for new apartment construction in 2018, tallying over 37,000 units to be completed sometime this year.

Roughly 283,000 new apartment units are projected to be finished this year, which is actually 11 percent lower than 2017’s new construction volume. Austin and Houston also made the list of the Top 20 hottest multifamily markets in 2018 as 8,800 and 7,600 units are expected be to finished in each respective city.

Within the DFW

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Remaining inventory is limited at a high-profile condo tower in Downtown Dallas that’s taken nearly a decade to sell out. Having opened during the height of the recession, sales were a bit rocky in the beginning, but according to a new report out from the Dallas Morning News, the 42-story high-rise known simply as Museum Tower is now 90 percent sold.

Despite the unfortunate opening date, as well as a few highly publicized issues relating to the glass building’s reflection, sales at Museum Tower have definitely picked up in recent years. As noted in the report, just 12 developer units remain with prices for those units starting at $1.375 million.

Among the remaining units is a stunning half-floor penthouse that features 4,678 square feet and

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West EndDallas’ West End neighborhood is undergoing quite the transformation and more changes appear to be on the way sooner rather than later. Once a thriving industrial district dating back to the early 20th century, today’s West End is famous for its trendy loft conversions and thriving shopping, dining, and entertainment scene, which continues to grow each and every month it seems.

Recently, Sam’s Club announced it will be adding a new technology center to the Factory Six03 building, which was redeveloped into state-of-the-art office space by Granite Properties for a cool $77 million not all that long ago.

Other local companies and corporations have also made the move to West End recently, and more appear to be on the way as construction for another new office

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