Legacy Town Center in Plano is a mixed-use development that started over ten years ago. This well-known Collin county development has been called the most successful mixed-use development in North Texas and has, no doubt, had an incredible impact on the Collin County real estate market.
Archive for the ‘Market News’ Category
Collin County
Monday, January 10th, 2011Existing-Home Sales Show Another Strong Gain
Monday, November 22nd, 2010Washington, October 25, 2010 – Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of Realtors
The West 7th Project: Where it Came From and Where it
Monday, November 1st, 2010Many analysts say there is a pent-up demand for urban living in Fort Worth; if this is true, downtown Fort Worth condo buildings will surely experience growth and profits during the next few months.
Seventh Street Corridor at its Successes
The Seventh Street corridor is a fine example of the activity seen throughout Fort Worth
Fort Worth
Thursday, August 5th, 2010
Fort Worth
North Dallas Real Estate Market Buoyed along by Quickly Expanding Dallas
Monday, July 12th, 2010The North Dallas real estate market has nowhere to go but up, especially when considering the ever-expanding Dallas-Fort Worth metropolitan area. In fact, the Dallas-Fort Worth metropolitan area has seen more new residents during the past decade than any other city in the country.
According to the Census Bureau, the Dallas-Fort Worth metropolitan area grew by nearly 1.3 million people during 2000 and 2009. This equates to about a 25 percent increase in population over the last decade.
A Surge in Population
As a result of the increase in population, the Dallas-Fort Worth area now stands at about 6.5 million residents, although total numbers won
Traditional Homes Prevail in Highland Park
Tuesday, July 6th, 2010Highland Park homes are known for their luxury, and they have developed a strong reputation for their traditional architecture. However, many new modern homes have begun cropping up in this once-traditional Dallas community.
The Rise of the Modern Home
Modern homes in Highland Park started to become a more common sight in the 1990s, as younger buyers with a keen eye for modern design began to make their way into this exclusive neighborhood of Dallas. As such, the market in Highland Park began to change ever so slightly. In other words, the dynamic of the Highland Park real estate market started to shift from a traditional-only marketplace to one of modern design, as well.
Highland Park does have its share of modern homes, but the overwhelming majority of homes in Highland Park are still of the traditional variety. For many years, many of the Highland Park homes were begin torn down and replaced with even larger homes. It was not common to see large estate-style homes being torn down and replaced with even larger homes.
The vast majority of homes still remain traditional in Highland Park, although searching for a modern home here may also yield some results.
Traditional Homes vs. Modern Homes
The trend appears to be that builder homes, regardless of the size, are traditionally replaced after 25 years in upper class areas such as Highland Park. What that means is that there is a potential for buyers to once again replace many of the older traditional homes with their modern counterparts.
It will also be likely that many buyers will keep a traditional home, but completely transform its interior to reflect a more modern feeling.
Many of the homes currently found in Highland Park include Mediterranean and Spanish Colonial homes from the 1920s. Beyond that time, many English, Georgian, Italian and French style homes have made their way into Highland Park.
If you can
What Makes a Neighborhood Desirable
Thursday, May 27th, 2010
It is no secret that many individuals flock to Fort Worth because of its exceptional array of outstanding communities. However, what makes some of the communities in Fort Worth, like Southlake and Highland Village, become so highly sought after? What is it about these communities that make them the place to be?
Location, Location, Location
For many homebuyers, location is the prime reason for choosing their property. Luckily, there are many suburbs of Fort Worth that are ideal for professionals, as commute times are often as little as a few minutes. The trend in Fort Worth real estate has been the move from the city to suburbs of the city that not only offer the convenience to the city, but also have a very secluded, small town atmosphere sort of feel.
Because of the desire for the best of both worlds, so to speak, there are a number of superb master-planned communities around Fort Worth that offer a tight-knit community feeling with commute times that are quite bearable for the Fort Worth professional.
Home Values
Although home values in and around the Dallas-Fort Worth area are quite reasonable when considering other areas of the South, Fort Worth real estate prices are still a general issue for families and professionals. Many of the median home prices in some of Fort Worth
Irving new Construction and Redevelopment Projects Continue at a Steady Pace
Wednesday, May 19th, 2010
Las Colinas new homes are plentiful, thanks to the strong Irving industry and economy. With regards to master planned developments, Las Colinas is exceptional, and some of the reasons why the economy in this Fort Worth suburb has continued to flourish is because of its constant quest for the latest and the greatest.
As one landmark falls (Texas Stadium), it seems another immediately rises (Convention Center).
Here are some changes taking place throughout Irving, and the impact that these changes will certainly have on Las Colinas new homes.
Texas Stadium
Sure, the Texas Stadium has had its last hurrah, but the development that takes its place will likely be worthy of Irving and its prime real estate.
At this point, Irving city leads have plans to develop this prime piece of property as a mixed-use development. Make no doubt, though, that the final plans will be just a memorable as the Texas Stadium was over the years. The redevelopment venture of the Texas Stadium is up in the air, as Irving officials note that this outstanding parcel of land will wait for only the most sensational development.
Once completed, officials expect the land to fetch at least $10 a square foot, given the fact that the land is located at the gateway to Irving and that Irving enjoys a prime proximity to four, major highways. At $10 a square foot, the land is expected to go for about $34.2 million.
Convention Center
The $130 million Irving Convention Center, which will be located in the famed Las Colinas area, will surely buoy along the economy, as well as the growth of Las Colinas new homes.
The building, once completed, is expected to become an iconic architectural landmark; particularly because the stadium will be gone. Another project planned in conjunction with the Convention Center will be a $255 million entertainment center, which will include a concert hall, strategic event programming and a number of bars and restaurants.
Officials expect that the entertainment center, along with the Convention Center, will spur tourism to Irving, which will increase business for a number of hotels, restaurants and bars.
Luxury Home Sales in the Dallas-Fort Worth Area Continue to Show Signs of Improvement
Friday, May 14th, 2010
The better part of this year has seen modest gains for lower priced homes; however, luxury homes continued to struggle as more and more buyers chose less expensive homes because of lending restrictions or budgetary restrictions.
Waiting out the Recession
In addition, many luxury home buyers in the Dallas-Fort Worth area remained on the sidelines as they waited for the fallout from the recession and subsequent housing slump. There is no doubt that fear played a big part in the decision for many individuals not to purchase Highland Park luxury homes.
However, as the economy improves the real estate market gains momentum, it now appears as if the luxury market, including Highland Park luxury homes, are now enjoying the same gains as lower priced homes in the market.
A Surge in Luxury Homes Sparks Excitement
A surge in high-end, or luxury homes, in the Dallas-Fort Worth area, just in the Park Cities area alone, has allowed many Highland Park luxury home sellers and agents to sigh with relief. In fact, pre-owned home sales in the Park Cities area alone jumped more than 80 percent in the first quarter of this year; home sales also jumped more than 50 percent in North Dallas.
Most experts and analysts agree that the jump in luxury home sales is a very positive sign for the upcoming summer months. In short, luxury home buyers are finally giving themselves permission to act, thereby boosting the market considerably.
Sales of million-dollar homes, like Highland Park luxury homes, increased 23 percent year over year and sales of homes priced from $800,000 to $900,000 were up 56 percent during the same time period.
Comparing home sales of Highland Park luxury homes from just a year ago, when financing was extremely difficult and consumer confidence was in the gutter, is tremendous. The pickup clearly signifies a renewed level of consumer confidence; however, analysts point out that recovery, although very welcomed, will be a slow process.
It is also important to point out that luxury homes, like Highland Park luxury homes, likely saw an increase in sales because of the government tax credit and the low home prices. Homes prices in Highland Park, for example, were seven percent less than they were from just a year ago.
Las Colinas: A Great Location and more!
Tuesday, April 13th, 2010
Las Colinas is possibly the finest example of a master-planned community in Texas, if not the entire country.