Dallas-Ft. Worth, TX Real Estate Blog - November, 2019

Grapevine Lake's Lakeside Village in Flower Mound, TX Secures Last Phase Financing

LAKESIDE DFW DEVELOPMENT UPDATE:

CONSTRUCTION TO BEGIN ON LAST PHASE LAKESIDE VILLAGE

Developers secured $41 million in financing to move forward with the last phase of Lakeside Village in Flower Mound, TX.  The 40-acre Lakeside Village development will include shops, restaurants, offices and residences on Grapevine Lake and will be the final phase of the 165-acre lakeside DFW development on Long Prairie Rd. on the northeast shore of Grapevine Lake.  Construction is set to begin in early 2020 and will include an amphitheater, bluff trails, six restaurants, wedding chapel, new streets, underground parking garage, sidewalks, landscaping and other public amenities.

The $41 million project with lay the groundwork for one of the most intriguing…

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A Look at Where to Search New Construction Homes For Sale in Red Oak, TX

If you’re looking for the right new construction home in Red Oak, chances are your search will begin, and likely end, with these 3 communities…

The Woods of Red Oak 

The Woods of Red Oak provides luxury, new construction homes in a charming, small town setting. And along with top-notch schools and low taxes, homes in The Woods to Red Oak are also close to Interstate 35E, allowing for a straight shot up to Downtown Dallas as well. 

Estates of Cole Manor

Estates of Cole Manor is one of Red Oak’s newest residential communities and the homes within are among the most desirable as well. Floor plans are expansive hand have up to 5 or 6 bedrooms, while lot sizes are also quite generous, allowing for plenty of space and privacy both inside and out. 

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Massive New 10,000 Home Development Being Planned For North Fort Worth

North Forth Worth has been one of the fastest growing parts of DFW in recent years and a massive new residential development that’s being planned should keep that trend moving in the same direction for the foreseeable future. 

According to reports, Dallas-based PMB Capital Investments has purchased more than 3,400 acres of land for a 10,000 home development, which will be located near where State Highway 114 and U.S. 287 intersect. 

As noted by the Dallas Morning News, the estimated cost of the development is more than $3.5 million, and when finished, it’ll be one of the largest residential communities in the region. 

Right now, developers are still working with local officials on entitlements and infrastructure for the development but the…

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October 2019 DFW Real Estate Market Housing Statistics

Check out the latest October 2019 housing statistics for the Dallas-Ft. Worth, TX real estate market!  Inventory, home sales and home values are up over October 2018.  Housing stats include October 2019 updates for Dallas, Collin, Denton, Rockwall and Tarrant County.  View October 2019 changes in DFW home and condo sales including new listings, active listings, average days on market, average home prices, dollar per square foot averages and total number of sales.  The DFW real estate market remains strong and one of the top housing markets in the U.S.

Dallas County, TX October 2019 Home & Condo Stats

Collin County, TX October 2019 Home & Condo Stats

Denton County, TX October 2019 Home & Condo Stats

Rockwall County, TX October 2019…

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STUDY: Dallas Market Ranks Low For Million-Dollar Home Sales

North Texas home values are at record levels right now so it’s hardly surprising that nearly 1,400 million-dollar homes have sold in DFW so far this year. 

But even despite that kind of sales volume, the luxury residential market in Dallas is far behind many other major cities and only ranks 21st among U.S. markets with the most million-dollar homes.

According to data from Lendingtree, just over 2 percent of Dallas homes are valued over $1 million, while the median single-family home price sits at just $270,000. 

For comparison, more than 56% of home sales in San Jose exceed the million-dollar threshold and 42% of homes in San Francisco trade above that level too. 

But towards the end of this past summer, only about 1,500 homes actively listed…

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