Luxury Sales Skyrocketed in 2014 Says Texas Association of Realtors

4326 Lorraine

Caroline Summers, the Briggs Freeman Sotheby’s agent who sold 4326 Lorraine, says that well-designed luxury homes in high-profile areas are seeing heightened demand.

Luxury home sales with prices of $1 million and up posted huge growth in 2014 according to the latest Texas Luxury Home Sales Report from the Texas Association of Realtors. In Dallas-Fort Worth, the sales volume of luxury homes was second highest in the state and grew 15 percent year-over-year. Dallas was a runner up to Houston, which had the highest volume of luxury home sales as well as the highest luxury home price growth.

The overall inventory of luxury homes in Dallas-Fort Worth shrank by 1.2 months in 2014, a trend that was seen across the market in North Texas, and luxury home sales represented only 1.2 percent of the market. Compare that to Houston, in which luxury home sales represented 2 percent of the market and were up 13 percent year-over-year.

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Gingerbread Stroll

Gingerbread House by Four Seasons Resort and Club Pastry Chef Randy Gehman and Hayoung Lesser, Photo: Courtesy of Haynsworth Photography

We love the annual Gingerbread Stroll hosted by Highland Park Village. It’s an event that is beloved by both children and adults and features some of the most amazing pastry chefs Dallas has to offer. Organized by the tireless Christine McKenny, a top-producing Realtor at Dave Perry-Miller and Associates, it’s a must-do event for the holiday season.

Of course, because of it’s popularity with CandysDirt.com, we’re not surprised that this fantastic event that combines three of our favorite things — houses, shopping, and charity — is one of the top-five gingerbread home events in the nation!

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Emily-Summers-Arch-Digest

Here’s the sad thing: I am old enough to remember Studio 54 in New York City. Like, I was there and partied when I was young(er) and way cuter. So when I heard that designing doyenne Emily Summers, mother of Dallas real estate powerhouse Caroline Summers, was opening a design shop at Highland Park Village and naming it Studio 54, I started pulling my wardrobe for the opening: CLEAVAGE!

Actually, Emily is calling it Studio 54 because of the shop’s location in SUITE 54. Clever, no? (more…)

 

You can get a bird's-eye view of the posh homes in Dallas' 75220 Zip Code, AKA Preston Hollow, and find out who lives there, too.

You can get a bird’s-eye view of the posh homes in Dallas’ 75220 Zip Code, AKA Preston Hollow, and find out who lives there, too.

Can I say that I was a little disappointed that Dallas’s wealthiest neighborhoods — Highland Park and Preston Hollow — ranked only 164th and 444th, respectively, in Forbes’ survey of the richest Zip codes in America?  Preston Hollow didn’t even break into the top 5 priciest Zip Codes in Texas, for crying out loud.

Preston Hollow's 75220  didn't even rank in Texas' top 5 priciest Zip Codes.

Preston Hollow’s 75220 didn’t even rank in Texas’ top 5 priciest Zip Codes.

 

Of course, that tiny sliver of overpriced dirt called “Manhattan” ranked first.

Whatevs.

Still, the dirt in Preston Hollow houses some of the most amazing homes on U.S. soil. And now you can gawk at all the pretty mansions in 75220 and find out how their owners made them dollars, all from the comfort of your favorite device, thanks to MansionMap.

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photo 5

Joe Williams of Elevating Systems says that his clients are only limited by their imagination when it comes to installing elevators in their residences.

Let’s say you’re building your dream home. How long are you planning to live there? Five years? Ten years? Twenty? When you’re planning out every detail, right down to the cabinet hardware and grout colors, don’t overlook an important feature homebuyers often wish they had later: An elevator.

It’s true, especially considering how many townhomes are being built with three floors in the Park Cities and Preston Hollow. These courtyard and patio homes in developments such as the Courtyards at Normandy have a small footprint and significant square-footage. But how do you use that third floor when it’s such a significant hike? And what about multi-generational families?

That’s why installing elevators in custom homes is becoming more popular — and more affordable, too.

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GailThomas_72dpi Neel SleeperJames Gandy CityplaceUpdate 8:47 pm : Whoops! Another great Keller Williams sponsor is Janet Pool of Janet Pool Blinds and Shutters. Which makes our sentence even better:

A pigeon in a darling black tie flying into the HUB after a nice long dip in the pool…. if you can think of a better sentence using these names, you can be my personal guest tomorrow afternoon!

“This is a fantastic, do-not-miss event for anyone who wants to know what’s next in Dallas luxury real estate, and you’ll get to see Candy at her best!”

Ha! Jo wrote that! Actually, you will see me at my WORST!

I have to be on my best behavior as I moderate a panel discussion between these heavy hitters:

Gail Thomas of the Trinity Trust

Neal Sleeper, president of Cityplace

Jim Gandy, president of the Frisco Economic Development

OMG those names! Keller Williams and Luxury Homes International is hosting the panel discussion tomorrow evening at the Dallas Country Club from 3 to 6 p.m. No drinks before — I told you, they want me on my best behavior —but happy hour and hors’d’oeuvres from 5:00 to 6:00 pm.

It will be a Happy Hour indeed because we are going to hear what is in store for what Realtors will be selling, what is selling now, and what kinds of development will be coming in the future — almost like a look into the future of Dallas real estate.

Jo says: “Candy will be emcee, so expect an entertaining program!”

Program sponsors include Steve Pidgeon of Starfloors, Jim Marks of HUB Insurance, Dustin Black of Black Tie Moving, and Ruth Darling of Lawyers Title Insurance.

A pigeon in a darling black tie flying into the HUB…. oh boy, are we going to have a good time!