2020 DFW Real Estate Market Outlook: Home & Condo Sales Expected to Thrive!
Posted by Kenneth G. Cox on
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.
In 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…
Another 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…
The 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.