The Beat Condos Ext

Modern and affordable, Buzz Lofts in the southern Dallas neighborhood of The Cedars are a popular choice for those who want loft living south of downtown Dallas.

Condos are hot and getting hotter, according to the Texas Condominium Mid-Year Sales Report from the Texas Association of Realtors. Statewide, condo sales rose an average of 10.5 percent year-over-year between the months of January and May of 2014. In San Antonio condo sales were up 18 percent, followed by Austin at 14 percent, Houston at 6 percent and Dallas at 4 percent.

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Party Line Real Estate – Webisode 1 from Party Line on Vimeo.

Hey guys, listen up. I’ve finally got my own TV Show! It’s called Party Line Real Estate, it’s loaded with real-time Real Estate news, and you are going to LOVE IT! 

I LOVE IT when Real Estate agents get together and TALK! After all, it’s Friday. And we know there is no better way to network than at a party with the top agents in town, great food, a little string quartet music, and a Candy Bar! Well, we got a whole camera crew and invited Realtors to have some fun and give me the inside scoop on this crazy market. It was such a success, we are going to have a party and a Candy Bar every month! And you are invited to come and share!

PartyLine Museum Tower Candy bar

The “Candy Bar” at Museum Tower
 

The Party Line is exactly what happens when we gather at a fantastic listing, network, and share who’s selling what, the hottest ‘hoods, best builders and what’s coming up. Want to know how the stars of Real Estate sell those mega homes? We’ve got a camera rolling, so you can find out!

Here’s our very first Party, at beautiful Museum Tower, in the heart of Dallas’ vibrant Arts District. Dallas’ high-rise neighborhoods saw a 36.4 % increase in the number of units sold and almost a fifty percent increase in volume last year. Yee haw!

Photo Feb 26, 5 20 56 PMThe other “Candy Bar”
 

Museum Tower today, but where will we party tomorrow? Maybe a beautiful home in Highland Park, Preston Hollow or Allen. Maybe we’ll head up to Craig Ranch or Light Farms.  I want to thank all the agents who came in from all over — Joan Eleazer, Mark Cain, Caroline Summers, Kyle Crews, Jonathan Rosen, Joe Kobell, Kyle Rovinsky, Missy Wohr, Clay Stapp, Tom Hughes, Molly Malone, Becky Frey, Pogir, David Maez and Tom Branch who drove in all the way from Plano, for coming to my party! Yeah, Phillip Day came in from the Bahamas, just for me.

What are they doing, saying, selling? Are they behaving? We hope NOT!

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Party Line Real Estate – Webisode 1 from Party Line on Vimeo.

Hey guys, listen up. I’ve finally got my own TV Show! It’s called Party Line Real Estate, it’s loaded with real-time Real Estate news, and you are going to LOVE IT! 

I LOVE IT when Real Estate agents get together and TALK! After all, it’s Friday. And we know there is no better way to network than at a party with the top agents in town, great food, a little string quartet music, and a Candy Bar! Well, we got a whole camera crew and invited Realtors to have some fun and give me the inside scoop on this crazy market. It was such a success, we are going to have a party and a Candy Bar every month! And you are invited to come and share!

PartyLine Museum Tower Candy bar

The “Candy Bar” at Museum Tower
 

The Party Line is exactly what happens when we gather at a fantastic listing, network, and share who’s selling what, the hottest ‘hoods, best builders and what’s coming up. Want to know how the stars of Real Estate sell those mega homes? We’ve got a camera rolling, so you can find out!

Here’s our very first Party, at beautiful Museum Tower, in the heart of Dallas’ vibrant Arts District. Dallas’ high-rise neighborhoods saw a 36.4 % increase in the number of units sold and almost a fifty percent increase in volume last year. Yee haw!

Photo Feb 26, 5 20 56 PMThe other “Candy Bar”
 

Museum Tower today, but where will we party tomorrow? Maybe a beautiful home in Highland Park, Preston Hollow or Allen. Maybe we’ll head up to Craig Ranch or Light Farms.  I want to thank all the agents who came in from all over — Joan Eleazer, Mark Cain, Caroline Summers, Kyle Crews, Jonathan Rosen, Joe Kobell, Kyle Rovinsky, Missy Wohr, Clay Stapp, Tom Hughes, Molly Malone, Becky Frey, Pogir, David Maez and Tom Branch who drove in all the way from Plano, for coming to my party! Yeah, Phillip Day came in from the Bahamas, just for me.

What are they doing, saying, selling? Are they behaving? We hope NOT!

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Lance Armstrong Lake Austin

We knew 2013 was a banner year for Dallas Realtors as our market pulled itself up by its bootstraps and posted post-recession growth that amazed even the most seasoned brokers. But according to research from the Real Estate Center at Texas A&M University, the market posted year-over-year numbers that showed Texas flexing its economic muscles like never before.

Numbers are up across most demographics, with condo sales, luxury sales, and investment properties getting snatched up at record paces.

“The Texas real estate market showed strength in sales volume and price all year long and the fourth quarter was no exception,” said Texas Association of Realtors chairman Dan Hatfield. “We’ve now seen year-over-year increases in both sales volume and price every quarter for more than two years. This makes it clear – demand for Texas homes is strong and enduring.”

We agree, as the Texas tech industry continues to boom in Austin, pushing up prices and demand reminiscent of the Bay Area’s unfettered growth. High salaries and limited inventories — the statewide numbers show a precipitous drop to a 3.6-month supply of homes (6.5 is recommended for balance between supply and demand) — have resulted in huge price increases. But, as Candy pointed out, not all growth is good for everyone. As prices increase, housing affordability decreases, pushing out lower wage earners.

But Austin’s growth isn’t isolated, as every metropolitan area in Texas posted sales volume and price increases in the fourth quarter of 2013. According to the report, 60,998 single-family homes were sold in the state during the fourth quarter — 6.78 percent more than fourth quarter 2012. Median home prices increased 8.48 percent from fourth quarter 2012 to $172,600, and the average home price was a whopping $226,216 — up 8.88 percent from Q4 2012.

Real Estate Center economist Jim Gaines Ph.D. explained: “One thing that is notable about the price increases seen in the fourth quarter is that they are relatively consistent across the state. Those increases are being seen in markets of every size, not just in the largest Texas markets, so that indicates broad-based appreciation for Texas real estate.”

“Demand for Texas homes in 2014 should continue, but it’s possible that a shortage of inventory could inhibit sales volumes,” Gaines added. “The steady price increases we’ve seen recently should help alleviate that, enticing more sellers into the market, but buyers should continue to expect to compete for desirable properties.”

Interesting outlook for 2014. What do you think? Will the growth price-wise lure more sellers to the market?

Vallera Building

Living inside 635 makes perfect sense for the under 40 set, especially considering how kid-friendly many neighborhoods are becoming as homebuyers are choosing to live closer to work, shopping, and amenities. For a low-maintenance lifestyle that allows you to lock and leave while not skirting amenities, this great unit inside the Vallera Condominiums is the perfect choice.

Holland Avenue Living

With two bedrooms, two baths, and more than 1,300 square feet, this condo is great for a young couple, or even a young family who wants to be close to arts and culture inside one of Dallas’ most walkable neighborhoods. Unit 107 at 3818 Holland Avenue is marketed by Hailey Hunt-Wagstaff of Dave Perry-Miller InTown for a reduced $274,900. thats a fabulous price considering the location and upgrades inside this unit. HOA dues are a reasonable $255, too.

Holland Avenue Entry

The first thing you’ll notice when you walk in this unit is the hardwood floors, which span all the way to the French doors to the balcony. The dark-hued wood really makes the moulding and lovely neutral paint pop. The unit is fantastically open — great for having friends over — and features a gorgeous kitchen with beautiful honey-colored cabinets, granite counters, tumbled stone backsplash, and plenty of lighting. Of course, you’ll find stainless steel appliances, including a wine cooler.

Holland Avenue Kitchen

The master suite is a great size, and has a perfect tone of grey on the walls, which is just a shade off from the carpet. I am not a lover of carpet in most cases, but in condos, I change my tune. Considering the fact that you’re not constantly tramping in and out, carpet inside a condo is a great idea to make the space feel more cozy and personal. And if you’re not a fan of what’s already there, it’s pretty inexpensive to replace.

Holland Avenue Master

The master bath is really lovely and just drenched in stone. It’s a five-piece affair with a generous-sized shower, a soaking tub, and a very nice vanity. The plain, frameless mirror is a bit boring, but if you’ve staked out Pintrest as much as I have, then surely you know that it’s a snap to add a frame around it.

Holland Avenue Master Bath 2 Holland Avenue Master Bath

I think what surprises me the most about this unit is the value. With a location like this and upgrades that many first-time homebuyers are looking for, this unit is a great place for someone looking to simplify inside the loop.

Holland Avenue Balcony

2340-Victory-Park-Lane.jpg 27PH

We’ve talked until we’re blue in the face about how brisk the market its for single-family homes in North Texas, and Dallas especially, but the market for condominiums is just as hot according to the 2013 Texas Condominium Sales Report from the Texas Association of Realtors.

We definitely agree, and we noted in November that luxury units are moving quickly, selling units in buildings in Uptown, the Arts District, Downtown, and the Cedars like hotcakes!

Texas’ four major metro areas all showed double-digit increases in condo and townhome sales, said the report featuring data from the Real Estate Center at Texas A&M University. Austin, Dallas, Houston, and San Antonio experienced an average 26 percent increase in condominium sales in  2013, but Dallas led the pack with a huge 38 percent jump in sales, followed by Houston at 25 percent, Austin at 24 percent, and San Antonio at 18 percent.

“Data from the Texas Condominium Sales Report shows that all types of housing are in demand in Texas,” said Shad Bogany, chairman of the Texas Association of Realtors. “Given the rapid job and population growth across Texas’ major metro areas as well as our state’s shrinking housing inventory, it’s no surprise condo sales are playing an increasingly important role in the Texas housing market.”

The report echoes the trends we’ve been noticing in housing here at CandysDirt.com: High demand thanks to a healthy job market is fueling higher prices, and homes are flying off the market, leaving the Dallas Real Estate market feeling like picked-over department store shelves after Black Friday.

“Inventory is at an all-time low for both condominiums and single-family homes, but the development of new condos and townhomes has lagged behind that of single-family homes through the housing recovery” said Jim Gaines, PhD., economist with the Real Estate Center at Texas A&M University. “As a result, we’re at least a year or two away from delivering the condos that are currently needed in Texas’s metro areas.”

Here’s the report for Dallas:

In Dallas, 4,468 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased 10 percent to $153,000. The number of new listings also increased 10 percent to 6,311, whereas active listings dropped 26 percent to 1,607 listings and pending sales jumped 33 percent to 4,077 year-over-year. Finally, days on the market dropped to 67 days, a 28 percent decrease from the year prior.

You can read the full, city-by-city report right here.