Dallas-Ft. Worth, TX Real Estate Blog

Carrollton, TX Mixed-Use ApartmentsCarrollton, TX continues to recognize the need for new mixed-use urban living space to meet the demand of a rapidly growing population and business sector.  One of the latest developments announced includes a new mixed-use development across from the North Carrollton/Frankford Dart Rail Station along I35 at Broadway and Dickerson.  Ratliff Group will manage the planned $300 million dollar development designed by Page Architects and construction is expected to begin later this year.  The Carrollton transit-oriented development will feature a hotel, retail, office and a new apartment community.  The Carrollton Gateway apartments, developed by Namhawk, will offer 350 luxury apartments in Carrollton, TX including studio, one, two and three bedroom floorplans

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Historic Low Mortgage Rates Dallas, TXHome buyers with affordability concerns in Dallas-Ft. Worth, TX and across the U.S. now have one lesson reason to postpone their new home purchase!  Low inventory levels around DFW combined with high price points due to recent increases in home value appreciation, have left many buyers with very few home purchase options when searching their ideal price point. 

That is all about to change!  50-year historic record low interest rates are unlocking new price points for buyers that now have a little more purchase power with mortgage rates averaging around 3.29% percent.  Record low mortgage interest rates are also expected to encourage more buy and sell transactions from home owners hoping to cash in on record rates which will ultimately help solve

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The DFW real estate market is off to a great start with home and condo sales up across the board year over year for January 2020.  Collin County closed out at 899 home and condo sales up 13.7% over January 2019, Dallas County came in at 1,468 up 12.6%, Denton County 860 sales up over 23.2%, Rockwall County up 123 sales up over 20.6%, and Tarrant County at 1,518 sales up over 5.6%.  While sales are strong throughout the Dallas-Ft. Worth, TX area, DFW housing inventory is still struggling in all counties except Rockwall County, falling short on pre-owned and new construction home and condo inventory levels. 

According to the Texas Association of Realtors, for the 5th consecutive year, the Texas housing market set new records for the number of homes sold

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It’s no secret that DFW’s apartment market has been among the hottest in the country over the last 12-18 months and one Atlanta-based developer is banking on that trend continuing well into 2020 and beyond. 

As first reported by the Dallas News, RangeWater Real Estate is in the process of building a new, 8-story apartment building near the 5700 block of Richmond Avenue in Dallas’ Lower Greenville neighborhood and just last week renderings were first released. 

In recent years, Lower Greenville has transformed into one of the city’s hottest neighborhoods to live and work and this new project will only add to the area’s rapidly growing and evolving landscape. 

When finished, the new project will bring 236 new apartment units to the neighborhood and

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Dallas High Rise Apartments For RentIn a region renowned for its Texas-sized homes and properties, some of the most appealing options for real estate rise high above the rest. In fact, some of the top Dallas/Ft Worth apartment high-rises offer beautiful residences and impressive added amenities.  The DFW Metroplex is currently the top apartment market for leasing and construction in 2020 with over a dozen residential high-rise apartment and condo towers in the works in different phases of construction and completion.  Demand for DFW high-rise apartments and condos has significantly increased since 2018 and developers have rushed to meet the demand.  New residential towers throughout Dallas and Fort Worth are underway and highrise construction is even moving into areas traditionally

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Modera Katy Trail Highrise Apartments in Uptown DallasAnother new high-rise apartment community is coming to Dallas, which is currently the top apartment market for leasing and construction in the U.S with over a dozen other residential high-rise apartment and condo towers currently in different phases of construction and completion.  Designed by BKV Group and developed by Mill Creek, the new Modera Katy Trail high-rise apartment rental community will be located in a 14 story building near Highland Park at the dead end of McKinney Avenue and Katy Trail.  Modera Katy Trail highrise apartments in Dallas are expected to begin leasing in late 2021.  Modera Katy Trail highrise apartments in Dallas will feature 217 rental units with walk-up townhome units and a pedestrian lounge on the side of the highrise

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New DFW DevelopmentThe Hanover Property Company has purchased 966 acres on U.S. Highway 287 in Midlothian for a massive development that will feature single-family homes, townhouses, commercial space, and even some industrial construction.

According to recent reports, the $950 million project, located just southwest of Dallas, will eventually bring more that 2000 homes to the area.

The first phase of the project will include around 350 houses and starting prices are expected to be about $300K.

Hanover Property Co. purchased the sprawling development site from ECOM Real Estate in a deal negotiated by JLL’s Paul Whitman, Michael Swaldi, Larry McCorkle and Nick Hayden. Mesa Landscape Architecture and LJA Engineering have been hired for planning the large-scale

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Urbano Cottages Luxury Townhomes in East Dallas Lower GreenvilleIf you're searching for a luxury townhome in East Dallas Lower Greenville area, be sure and check out Urban Cottages!  Urban Cottages offer luxury townhome living in East Dallas minutes from Lower Greenville, Knox Henderson, Lakewood, Uptown and Downtown Dallas with easy access to Lakewood shopping, Lower Greenville bar and grills and endless entertainment in surrounding Uptown, Downtown and Deep Ellum urban districts. 

Urbano Cottages in East Dallas feature 10 luxury 2 bedroom 2 bath townhomes with attached garages, large covered patios and fenced yards ranging from 1,500-1,900 square feet and starting at $389,000.  Check out features and amenities at Urban Cottages in Dallas along with current availability below.

Urban Cottages Features:

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DFW New Home Construction StartsNew home construction slowed during the first quarter of 2019 as North Texas home builders started just 8,439 new homes. According to data from Residential Strategies Inc, that represents a 4.4 percent decline compared to a year ago.  2019 ended with just under 890,000 new home starts which recorded another record year of low housing production esp. when compared to the 1.4 million built in 2007 right before the housing crash in the first Great Recession of the 3rd millennium.

Despite low mortgage rates and strong demand and buyer traffic, sales definitely tailed off towards the end of 2018, but showed positive gains closing out Q4 2019 with home sales and prices both showing modest gains throughout the DFW area.  Home Sales in DFW for December 2019

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Legends Crossing New Home Builder Update:

January 22nd, 2020 - Legends Crossing's developer Centurion American is expected to start issuing builder permits for the first new construction homes in April 2020 with full build out estimated around three to four years. Housing options in Valley Ranch's Legends Crossing in Irving, TX will start around $350,000 up to $600,000.  Once complete, Legends crossing will add a total of 251 new units to Valley Ranch's housing inventory.

Legends Crossing Housing Types:

  • 63 Bungalows - Low maintenance homes with 10-foot side yards marketed toward senior living (55 & up although not restricted)
  • 86 Townhomes - High density low maintenance housing options
  • 102 Villas - Single family home options built on
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