DFW Leads the State in Home Sales
Photo Courtesy of Highland Homes
The DFW Metroplex is leading the state of Texas in first quarter home sales, according to a recent Dallas Morning News article.
Real estate agents sold more than 20,000 D/FW residential properties – 14.3 percent more than in the first quarter of 2015, according to the latest report from the Texas Association of Realtors.
“Dallas is really leading the way,” said Dr. James Gaines, chief economist with the Real Estate Center at Texas A&M University. “The whole Dallas-Fort Worth market is not going to get all that impacted by the energy sector.”
For those moving to Dallas, CultureMap reports that the downtown, Elmwood, Highland Meadows, Lochwood and Munger Place/Junius Heights neighborhoods are five up-and-coming neighborhoods that are great for new homebuyers.
Elsewhere in the Metroplex, the Park Forest neighborhood in Plano was named by RedFin as one of the hottest neighborhoods of 2016.
“There has been a recent influx of major companies relocating to Plano – Toyota being one of the most notable – which has caused a huge increase in the number of out-of-state buyers moving to the area,” said Mark Riedi of RedFin. “A lot of new residents begin their search in neighborhoods around Frisco, but the competition there is very steep right now and prices are skyrocketing. Many people shift their searches to other nearby neighborhoods that have easy commutes to Plano and more affordable housing options, and Park Forest is a great example of that. The houses are mature, yet well-kept and close to major highways, and the nearby school systems are all very highly ranked.”
Cityplace by Uptown and the Hollywood/Santa Monica area in East Dallas are the second and third hottest 'hoods in Dallas, says Redfin. Cityplace homes have a median home price of $369,000, while Hollywood/Santa Monica is the most expensive of the three: Homes in that neighborhood have a median price of $427,500.
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