Dallas-Fort Worth Home Sales Soar


Dallas-Fort Worth Home Sales Soar

 

North Texas home sales were up 15 percent in April as housing activity rose to the highest level since last summer, according to Steve Brown over at The Dallas Morning News. Real estate agents sold 9,178 preowned single-family homes through the Multiple Listing service last month.

 

Almost 30,000 homes have changed hands during the first four months of 2016, a 14 percent increase over the same period last year.

 

And prices of North Texas homes continue to reach new levels. In April, the median price of a single-family home sold by real estate agents in Dallas-Fort Worth was a record $220,000. That’s up 7 percent from a year earlier.

 

May is already on track to be another big month for home sales. More than 10,000 homes are under contract for purchase – 17 percent more than a year ago.

 

 

Dallas-area Home Prices Up Almost 10 Percent


 

Dallas-area Home Prices Up Almost 10 Percent

 

Dallas-area home prices were up by more than 9.5 percent in the latest housing report from CoreLogic. The only major market in the report with a bigger gain was Denver, where home prices were up 10.9 percent year-over-year.

 

“Home prices reached the bottom five years ago, and since then have appreciated almost 40 percent,” Anand Nallathambi, president and CEO of CoreLogic, said in the report. “The highest appreciation was in the West, where prices continue to increase at double-digit rates.”

 

North Texas home prices are at record levels. Dallas-Fort Worth topped other major Texas cities for both first-quarter annual price increases and sales, according to a new report by the Texas Association of Realtors.

 

To determine the market value of your North Texas home, contact an Ebby Halliday sales associate today. To get started, visit the award-winning ebby.com.

 

Spotlight On The North Texas Luxury Market


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The Dallas-Fort Worth luxury housing market is experiencing substantial growth and is fueling home sales across North Texas. Just how significant is the luxury home sales growth in our region?

 

In the past year, 15.8% more homes priced at $750,000 and above have been purchased than during the prior 12 months, according to Grand Vie: Luxury in Living magazine’s Spotlight On the Luxury Market feature. Breaking it down further: Luxury home sales are up 17.3% in Dallas County, 16.9% in Tarrant County, and 13.9% in Collin County.

 

In addition to featuring some of Dallas-Fort Worth’s premier luxury properties, the 19th edition of Grand Vie offers a plethora of interesting editorial content, including “Child’s Play,” featuring advice on designing the ideal bedroom for your child from partner and designer of IBB Design Fine Furnishings Shay Geyer; “Houses of Art,” highlighting some of the area’s top cultural events of the season; special sections for farm & ranch and lake properties; and LuxeTrends, showcasing a collection of the latest luxury lifestyle must-haves. Also in the spring issue: Real estate insider Candy Evans’ take on the importance of global marketing in the luxury-home market segment.

 

Luxury is a lifestyle, and Grand Vie celebrates the way we live, love, learn, eat, host, play and work. Pamper yourself at grandviemagazine.com.

How-To: Interior Lighting


Did you know that lighting is one of the most important elements in your home? When natural light isn’t available, due to lack of windows or time of day, the mood and brightness of your home is dictated by interior lighting. Additionally, light fixtures are a large part of design and personal style.

 

Following are a few tips to get the most out of your interior lighting:

 

Diversify

Use multiple sources for light so that the ambience is just right. Think about a mix of recessed ceiling lights, chandeliers, sconces, floor lamps, table lamps, and under mounted lighting solutions. A combination will throw light in different directions and create a more generalized glow.

 

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5730 County Road 471 | McKinney | $648,000

 

Focal Points

Use task lighting and directed light to highlight desks, plants, art, and unique decor.

 

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4428 Greenbrier Drive | Dallas | $1,750,000

 

Dimmers

Consider installing dimmers in entertaining spaces like dining areas, media rooms, and living areas. Being able to set the mood for a meal, movie or cozy night by the fire makes all the difference.

 

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6436 Sudbury Road | Plano – Kings Gate | $2,399,900

 

Read the Room

Different rooms call for different light fixture heights, sizes, and illuminations. For example, overhead lighting makes more sense in a kitchen than it does in a bedroom. Smaller lamps, sconces and delicate chandeliers are better suited in bedrooms than large living spaces.

 

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5330 Pebblebrook Drive | Dallas – Russwood Acres | $1,569,000

 

Wattage

Always follow the instructions on your light fixture for maximum wattage, but don’t be afraid to take it down a notch. If the light fixture is more for decor than actual illumination, consider using low-wattage bulbs, which use less energy. Typical wattages range from 40 (for reading) to 80 (for putting on make up). However, utilizing multiple fixtures will allow for something in between.

 

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4340 Shenandoah Street | University Park | $1,450,000

 

Decor

The fixtures you choose have a visual impact on your space. Make sure to keep the overall look and feel of the room in mind when selecting fixtures, but don’t be afraid to go bold. Statement floor lamps or chandeliers are the perfect way to add a punch of style with just one or two pieces.

 

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3804 Villanova Street | University Park | $2,675,000

D-FW: America’s Next Boomtown?


Texas: Land of Opportunity

Texas is the land of opportunity, according to a new report from Forbes on America’s next boomtowns. Forbes analyzed the 53 largest metro areas in the country to determine which have the best chance of prospering in the next decade, and four of the 10 are in Texas.

 

“The most vital parts of urban America can be encapsulated largely in one five-letter word: Texas,” says Forbes, declaring Austin No. 1, Houston No. 6, Dallas-Fort Worth No. 7, and San Antonio No. 8 on the list.

 

“Austin, Houston, Dallas-Fort Worth, and San Antonio are very different places, but they all have enjoyed double-digit job growth from 2010 through 2014, well above the national average of 8.1 percent,” Forbes says. These Lone Star hubs also have experienced huge increases in populations of young, educated millennials and households with children. The metros have also seen hikes in income growth.

 

Dallas-Fort Worth experienced 15 percent job growth from 2010-2015 and an 8.2 percent population increase from 2010 to 2014. And, 33 percent of the population ages 25-44 has at least a bachelor’s degree.

 

Mary Frances Burleson Among Top Industry Execs


Mary Frances Burleson Among Top Industry Execs

Mary Frances Burleson, president & CEO of Ebby Halliday Realtors, ranks No. 8 on the just-released Swanepoel Power 200Top 20 Women Leaders in Residential Real Estate 2016” list. Ms. Burleson also placed No. 54 on the Swanepoel Power 200Most Powerful People in Residential Real Estate 2016” list. The Swanepoel lists are widely considered the most comprehensive compilation of influential CEOs, thought leaders and senior executives in the residential real estate brokerage business.

 

The Swanepoel rankings are based on such criteria as personal influence, industry tenure, the office held, the decision-making power of said office, the financial resources of the company or organization, the company or organization’s significance and contribution to the industry, the company’s geographic reach, and the executive’s activities, growth, and potential.

 

Congratulations to Mary Frances on two more honors very well deserved!

 

To see the full Swanepoel Power lists, click here.