Steve Brown over at The Dallas Morning News is reporting that the median home sales price in the Park Cities topped $1 million for the first time in the first quarter of 2014.
According to the latest data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems, a mid-priced home in Highland Park or University Park now costs $1.1 million. That’s 30 percent more than what the median home sales price in the Park Cities was in first-quarter 2013.
Sales of million-dollar plus homes across North Texas are soaring. To date in 2014, 194 houses priced at $1 million and up have sold, according to MLS statistics. That’s a third more of than in first-quarter 2013.
To see Brown’s full article, click here. To see all of the homes currently listed in the Park Cities – and across North Texas – click here.
Today we’ve got some very welcome news for buyers in the market for a North Texas home: Housing inventory in Dallas and Fort Worth jumped 18% and 15% in February in anticipation of the so-called “traditional homebuying season,” according to the new Realtor’s National Housing Trend Report.
“If this trend continues, buyers should have a better selection of homes in the spring and summer months,” according to Steve Berkowitz, CEO of Move.
“Inventory is up for two reasons,” Berkowitz says. “First, this is the time of year when sellers list their homes for the spring buying season. Second, inventories are growing faster than normal right now in response to widespread median list price increases.”
Among the recent homes to hit the market in North Texas is the stunning University Park property at 3612 Villanova (pictured above and below).
To keep up with all of the homes hitting the market in North Texas, visit the award-winning ebby.com.
Staying current with the latest and greatest modernisms, experiencing destinations of distinction, and knowing how to pamper yourself have long been major elements in defining your luxury lifestyle. Our spring 2014 issue of Grand Vie: Luxury in Living magazine includes an innovative collection of trends to add luxury to your life.
BY LAND OR SEA
Unlike anything of its kind, the Gibbs Quadski is the ultimate recreational toy that knows no boundaries. You’ll feel like James Bond as you approach land and seamlessly transform it into an ATV by deploying wheels at the touch of a button. GibbsSports.com
How many cards are in your wallet right now? The answer: Too many. Now you can combine all your credit, debit and gift cards into one with the brilliantly simple Coin, which allows you to add as many as you want. Just press a button to select which one you’d like to make a purchase with and swipe like any other card. OnlyCoin.com
Treat yourself to the world’s most luxurious night’s sleep with the Harlech bed from Savoir. Luminaries such as Sir Winston Churchill, Giacomo Puccini and Marilyn Monroe have experienced the cloud-like comfort of these hand-crafted beds, the same ones used at London’s Savoy Hotel. SavoirBeds.co.uk
Grand Vie is the exclusive luxury property magazine of the Ebby Halliday Companies. The spring 2014 issue was recently direct-mailed to almost 30,000 luxury homes across the Dallas-Fort Worth area. The digital version of the magazine is e-mailed to an additional 65,000 targeted, opt-in readers. Charity and event placement has also become a significant part of the Grand Vie distribution strategy – placing luxury homes listed by the Ebby Halliday Companies in front of North Texas’ luxury homebuying audience.
Visit grandviemagazine.com to learn more about the latest and greatest trends in luxury and to discover many of the most spectacular homes currently for sale in North Texas and beyond.
Julie Pillans of Ebby’s Preston Center Office represented the buyer in the recent sale of the estate home at 10245 Strait Lane in Dallas. The residence, with almost 20,000 square feet of living space under roof, features a basement with a theater, fitness room, wet bar, wine cellar, and a sunken courtyard with a covered sitting area and a water feature that flows from a pool above to the spa below. This significant home sale was assisted by Jackie Helm.
“Our office is pleased to have brought the buyer to one of Dallas’ most-exceptional properties,” says Ginger Gill, sales manager of Ebby’s Preston Center Office. “Regardless of a property’s price point, it is always gratifying to connect buyers with the home of their dreams.”
Luxury Portfolio International markets more than 25,000 of the world’s most-remarkable homes each year. Ebby Halliday Realtors taps the network of Luxury Portfolio International members and utilizes LuxuryPortfolio.com to expose North Texas listings priced at or above $750,000 to buyers across the globe.
To learn more about Luxury Portfolio International and to see some of the most significant homes for sale in Dallas-Fort Worth and around the world, visit luxuryportfolio.com. To learn more about Ebby Halliday Realtors, its Associates and listings, visit the award-winning ebby.com.
In addition to highlighting our luxury properties, the 13th edition of Grand Vie offers a plethora of interesting editorial content, including Spotlight On, highlighting sales activity in the Dallas-Fort Worth luxury market; Luxe Trends, showcasing a collection of the latest luxury lifestyle must-haves; and a new feature, Home Design Trends, which takes readers on a tour of home trends they’ll increasingly see in 2014. To top it all off, Dallas real estate insider Candy Evans dishes on The Hamptons, an incredible nature paradise that is truly like no other!
To view the digital version of the spring edition of Grand Vie now, click here.
“We are proud to be a founding member of Leading Real Estate Companies of the World and to offer our clients both sophisticated in-house marketing and the benefits of Luxury Portfolio International’s worldwide reach,” says Randall Graham, vice president and director of marketing for Ebby Halliday Realtors.
Ebby Halliday Realtors places luxury listings in front of prospective buyers with premium placement in such publications as FD Luxe;Patron magazine; and in the OnStage playbill distributed to patrons of the AT&T Performing Arts Center. Luxury homes listed with Ebby Halliday also receive exposure in local niche papers such as People Newspapers and online venues popular with affluent international consumers, including CountryLife.co.uk and Juwai.com, the No. 1 Chinese international property website.
Through our affiliation with Luxury Portfolio International, Ebby’s luxury listings are often featured in Luxury Portfolio-branded advertising, including full-page ads in TheWall Street Journal, and other prominent publications such asUnique Homes, duPont Registry, Veranda, Smart Money and Velocity, published for CityJet.
To learn more about Luxury Portfolio International, click here.
The just-listed, enchanting architectural jewel at 4707 Chapel Hill in The Cloisters neighborhood offers more than 10,000 square feet of extraordinarily luxurious living space.
Situated on .99 acres, the five-bedroom, five-bath and three half-bath home features antique slate and handscraped hardwood flooring, cast-stone fireplaces, temperature-controlled wine storage and adjoining sitting room with fireplace, leaded and beveled glass, a gym, library, playroom, theater room with bar, master suite with fireplace, a pool, spa, and a three-car garage.
To learn more about this spectacular buying opportunity overlooking beautiful White Rock Lake, click here . To stay current with the latest luxury homes to hit the market in Dallas-Fort Worth, check back here often.
Today, we’re proud to introduce you to Penny Rivenbark’s luxury listing at 5808 Falls Road in Preston Hollow. Falls Road offers discerning buyers towering trees, spacious lots and seclusion in the heart of one of Dallas’ most extraordinary neighborhoods.
We hope you’ll enjoy a few of the photos of this spectacular listing. To learn more about this exceptional opportunity, click here. To see all of the homes currently listed in North Texas, click here.
For the latest luxury homes to hit the market, check back here often. We’ll make it worth your while.
Sentiment from top Luxury Portfolio International affiliates in the U.S. and Canada indicates a strong close to 2013 and a rising tide in the affluent segment of the housing market for 2014.
As the year closed, the $1- to $2 million tier of the market was very active, and most luxury leaders anticipate it will continue to be so due to a shortage of inventory, often with multiple-offer situations driving prices upward.
International buyers continue to be active. The mix of foreign buyers includes those from Saudi Arabia, South America and the EU, while Asian buyers – particularly the Chinese – continue to be a significant force.
Luxury Portfolio brokers report a trend in Chinese buyers gravitating toward properties in the $1 million range, though those investing for children attending U.S. colleges generally are looking for lower-priced properties.
“The mood for our Luxury Portfolio brokers is upbeat as we move into 2014,” says Luxury Portfolio International President Paul Boomsma. “They believe that well-priced luxury homes will continue to be in high demand, resulting in increases of 10- to 20% in volume in most of their markets, with unit sales rising 5- to 10%. Compared to a few years ago, that represents a significant improvement.”
Year-to-date luxury home sales in North Texas are up 13.7% over the same period last year. Even better for luxury homes sellers, the average number of days on the market for North Texas homes priced at or above $750,000 is down 9.1%, from 133 days to 121 days. These numbers are remarkable considering that 2013 was a record year for North Texas home sales.
Ebby Halliday Realtors is proud to represent many of the finest homes available for purchase in D-FW. Today, we encourage you to take a close look at the stunning Preston Hollow home at 6231 Stichter Ave.
Near some of Dallas’ most-renowned schools, this family-friendly, one-owner property has been extremely well maintained and updated. The new owner will enjoy beautiful hardwoods, light-filled sitting areas, plentiful storage space and a 2013 kitchen with high-end stainless-steel appliances.
Priced at $1,375,000, 6231 Stichter is a prime example of the quality of luxury properties available in Dallas-Fort Worth for those who act quickly. In today’s fast-paced market, homes like this don’t stay on the market for long. To see all of the luxury homes listed in North Texas, visit the award-winning ebby.com.