Dallas-Ft. Worth, TX Real Estate Blog - February, 2016

Luxury New Construction Homes in Fort Worth Will Leave You SPEECHLESS

Coming off a solid 2015, it’s of little surprise that residential new construction in Fort Worth and the surrounding DFW area is trending upward. But with that said, have you seen some of the spectacular homes that are currently being built in several of Fort Worth’s premier housing communities?

From the absolutely jaw dropping home over at 12261 Bella Dio Drive in the Bella Flora subdivision to the equally impressive J. Lambert-built estate at 4654 Benavente Court in Montserrat that was just finished, some of the newly developed homes all throughout the Ft. Worth community are nothing short of spectacular, and after just one look, you’ll likely be inclined to agree. And considering the incredible architecture and design, the square footage, the…

46850 Views, 0 Comments

Why Buy Now? DFW Rents Rising at a Record Pace

If you’re thinking of buying a home in North Texas but might be waiting until later in the year, consider that DFW area apartment rents rose at a record rate in 2015 and are now higher than the national average with a recent spike last month.

According to Axiometrics, Dallas-Fort Worth rent prices spiked 5.7% last month compared to a year ago, now putting the average rent price in the North Texas region at $1,076 per month. Aside from being $58 more per month than in January 2105, DFW rents are now seeing faster growth rates that exceed the national average by nearly a full 2%.

If you haven’t been paying attention, development for apartments and rental buildings throughout much of DFW has actually been widespread over the last 18+ months, but even…

1730 Views, 1 Comments

Real Estate Development Around Dallas' Love Field in Full Swing

With development for the new $200 million mixed-use project dubbed West Love now getting underway, real estate all around Love Field and Dallas’ Medical District is expected to be in very high demand in the coming months and years. For now, the West Love project is slated to include a state-of-the-art 150,000 square foot office complex, two hotels, retail space, restaurants, and a 368-unit luxury apartment complex that couldn’t come at a better time. The rental market all throughout North Texas has been red hot over the past 12 to 18 months, and with job growth and increases in home prices, that trend isn’t expected to slow down anytime soon.

LA-based Highridge Partners will be responsible for developing the new apartments and retail space at West…

1778 Views, 0 Comments

DFW Home Prices Are Rising Fast. Buy Now & Save.

If you’re thinking about buying a home in DFW, doing so sooner rather than later might be in your best interest. According to recent numbers from the latest Standard & Poor’s/Case-Shiller Home Price Index, Dallas area home prices were up an incredible 9.6% in December from only a year earlier.

For perspective, the nearly 10 percent jump is almost twice the nationwide gain of 5.4% and is among the five largest increases in the entire country, with only Portland, San Francisco, Denver, and Seattle seeing higher gains.

In most cases, home prices across the U.S. are back to where they were around 2007, prior to the worst housing crash we’ve ever seen. In fact, according to Case-Shiller, DFW area home prices are actually at an all-time high and nearly 24%…

1410 Views, 0 Comments

A Brief Look at Hot New Construction Options in Fort Worth Right Now

With so much happening going on around downtown Dallas and many of its surrounding suburbs, we thought now might be a good time to check in on what’s being developed in nearby Fort Worth. An equally desirable community that has more of a tight-knit feel than the larger city of Dallas, Fort Worth is a great place to consider for home buyers specifically wanting new construction, as both the variety of available options and the value you’ll find here presents a unique opportunity.

Luxury New Construction in Fort Worth

The term “luxury” might be a bit deceiving here because many of Fort Worth’s most expensive new construction homes aren’t unreasonably priced. In fact, most even start around $600,000 and include plenty of fabulous features on both the…

1476 Views, 0 Comments

Developers Unloading Unfinished 1,400 Acres at Trinity Falls in McKinney

With demand for new homes in the DFW area strong and job growth continuing to rise, you might not expect to find an opportunity like what’s currently being offered over at Trinity Falls in McKinney—one of North Texas’ largest new construction residential communities.

Spanning 1,700 acres and located just west of U.S. Highway 75, Austin-based developed Castle Hill Partners is putting the unfinished portions of the community up for sale, which provides interested buyers with a prime development opportunity that’s certainly unique to say the least.

Since Trinity Falls first opened back in the summer of 2014, 260 homes have been sold, along with over 580 lots, according to a recent report from the Dallas Morning News. Demand for new homes here is…

4807 Views, 0 Comments

DFW Apartment Rents Expected to Climb By Over 2% in 2016

With apartment development absolutely booming all over the country the past couple years, it looks like skyrocketing rents could finally be slowing down, at least according to one national real estate website. Although Zillow Chief Economist Svenja Gudel believes rental rates will continue to rise in 2016, the rate at which we’ll see rates climb should be at a much slower pace.

According to research done by the national real estate portal, the median rent at the end of 2015 nationally was $1,381 and is expected to jump to $1,396 before the end of this year, which would only be about a 1.1 percent hike.

In Dallas, however, which is one of the hottest rental markets in the entire U.S., apartment rents are projected to climb 2.1 percent from December 2015…

8092 Views, 0 Comments

Bishop Arts Station Project Getting Closer to Moving Forward

It’s been about a year since the new Bishop Arts Station project was proposed and now it looks as if 2016 could be the year when the new Alamo Manhattan project finally gets underway.

The development, which will bring 209 rentals and over 25,000 square feet of restaurant and retail space to Zang Blvd and W. Davis Street in the trendy Bishop Arts District, has faced several challenges since it was initially proposed, most notably with already existing area residents who are concerned with preserving the character and history of the neighborhood, while also maintaining some sense of affordability.

As part of an agreement developers have made with the city, all of the 209 apartments at the new Bishop Arts Station complex will be mixed-income, while 20…

1930 Views, 1 Comments