Recent Housing Reports Point to Dallas Real Estate Market Recovery in 2012
January 3, 2012 by Kenneth Cox · Leave a Comment
2012 Dallas Real Estate Housing Market Recovery
2012 Real Estate Market Forecast
All signs are pointing to a real estate housing market recovery in 2012 according to recent reports. Rising rent rates, decreasing inventory, low mortgage rates, and an increase in jobs offer a glimpse of hope that both the housing market and economy as a whole are heading in the right direction. Existing and pending home sales reports for October and November 2011 indicate good signs for the new year and a positive U.S. Economic Outlook for 2012. According to NAR, pending homes sales rose again in November 2011 7.3% over October and 5.9% over November 2010. The November pending home sales increase reached the highest level in 19 months, due in part to affordability conditions including low interest rates. Pending homes sales are expected to continue in 2012. Pending Home Sales Rise in November
According to NAR, the possibility of an economic recession is looking less likely and a housing recovery is on the way. Despite external market variables, including the Eurozone, the U.S. housing market is showing strong signs of recovery. The latest pending homes sales index which reflects contract signings to purchase a home, rose more than 10% in October 2011 from the previous month and more than 9% from one year ago. There are still housing obstacles to overcome such as tight lending and high inventory issues, but banks are starting to loan and inventory is showing a consistent downward trend. The total number of homes listed for sale at the end of October was 3.3 million, down from 4.5 million in the middle of 2008. The month of October registered the lowest housing inventory since 2005. Good Signs for the 2012 Housing Market
Existing Home Sales increased in November 2011 and are expected to climb throughout 2012 according to NAR. Recent home sales data reports completed transactions, including single family, condominiums, and townhomes increased 4% to a seasonally annually adjusted rate of 4.42 milliion n November 2011 from 4.25 million in October, which is 12.2 percent above the 3.94 million pace in November 2010. Lawerence Yun, NAR chief economist, attributes the recent gain to people taking advantage of the buyer’s market and record low interest rates. Sales reached the highest mark in 10 months close to 34% above the cyclical low point in mid 2010. Lawrence Yun summarized current market conditions by saying, “A genuine sustained sales recovery appears to be developing”. Existing Home Sales Conintue to Climb in November
Another positive indicator of the increase in real estate market activity is online home searches. Realtor.com recently published results on the 10 most searched real estate markets online. The Dallas real estate market ranked #9 with a median home price of $194,900.
10 top-searched metro areas from November 2011 by Realtor.com:
1. Chicago – Median list price: $192,900
2. Detroit, Mich. – Median list price: $84,900
3. Los Angeles-Long Beach, Calif. – Median list price: $329,000
4. Phoenix-Mesa, Ariz. – Median list price: $164,700
5. Atlanta – Median list price: $156,900
6. Philadelphia, Pa.-N.J. – Median list price: $229,900
7. Tampa-St. Petersburg-Clearwater, Fla. – Median list price: $144,200
8. Las Vegas – Median list price: $122,000
9. Dallas – Median list price: $194,900
10. Riverside-San Bernardino, Calif. – Median list price: $199,000
2012 Dallas Real Estate Market | Dallas Home Sales
If you would like more information on the 2012 real estate market outlook, contact one of our Dallas Realtors. DFW Urban Realty provides you with the latest real estate news in Dallas including home sales, trends, articles and more. Our Dallas real estate brokerage offers assistance buying, selling, and renting homes, new homes, estates, condos, townhomes, high rises and apartments with a free no registration required Dallas real estate search.
Toll Brothers Offer New Luxury Flower Mound Homes at Flower Mound Oaks
December 30, 2011 by Kenneth Cox · Leave a Comment
Toll Brothers New Luxury Homes Flower Mound Oaks
Toll Brothers Flower Mound Oaks Homes
If you’re looking for a luxury custom home in Flower Mound, check out the new Toll Brothers community at Flower Mound Oaks. Flower Mounds Oaks offers 56 homes sites in the Town of Flower Mound with convenient access to I35, I635, Sam Rayburn Tollway (Hwy 121), Hwy 114, George Bush 190, DFW Airport, Grapevine Lake, and Lake Lewisville. These luxury Toll Brothers homes in Flower Mound are nestled amongst mature trees with creekside home sites and culd-de-sacs. Flower Mound Oak homes offers residents a quiet suburban community in a relaxed family-oriented atmosphere within minutes to Vickery Elementary School. Homes in Flower Mound Oaks range in the $385′s-490′s.
Flower Mound Oaks luxury homes in Flower Mound will offer several Toll Brothers floor plans with several housing styles including Savannah, Country Manor, Berkshire, Renaissance, Mission, Traditional, Vienna, Tuscan, Mediterranean, Heritage, Provincial, and Versailles. Toll Brothers also just announced a new redesigned plan called The Ashworth with over 3,200 square feet and pricing starting at $384,995. The Ashworth floor plan offers home buyers a unique opportunity to purchase a luxury custom Toll Borthers Flower Mound home at an unbelievable price.
- The Glenbrooke Collection - 3,288 sq ft floorplan $393,995-412,995
- The Arborglen Collection - 3,199 sq. ft flooplan $408,995 – 421,995
- The Yorkshire Collection - 3,243 sq. ft flooplan $395,995 – 406,995
- The Stonebridge Collection - 3,595 sq. ft floorplan $419,995 – 431,995
- The Marquette Collection - 3,000 sq. ft floorplan $399,995 – 409,995
- The Stanton Collection - 3,675 sq. ft floorplan $429,995 – 441,995
- The St. Michael Collection - 4,022 sq. ft floorplan $447,995 – 464,995
- The Montpellier Collection - 4,126 sq. ft floorplan $455,995 – 471,995
- The Monfort Collection - 3,979 sq. ft floorplan $448,995 – 464,995
- The Vallagio Collection - 5,154 sq. ft floorplan $481,995 – 491,995
- The Bellwynn Collection - 4,000 sq. ft floorplan $453,995 – 468,995
Toll Brothers also offer other luxury new homes in Flower Mound at Flower Mound Woods with 4 bedroom, 3 1/2 bath, 3 car garage floorplans raning from $500,000-800,000. Flower Mound Woods is located just South of Cross Timbers withing Wellington Elementary, McKamy Middle School, and Flower Mound High School districts. The Flower Mound Woods luxury community features large home sites with 13 floor plans and private pools.
Flower Mound Real Estate | Flower Mound Homes | Flower Mound New Homes For Sale
If you would like more information on Toll Brothers new homes in Flower Mound, including Flower Mound Oaks and Flower Mound Woods, please contact DFW Urban Realty. Our Flower Mound Realtors specialize in buying, selling, and renting all types of Flower Mound Real Estate. Whether you’re needing to purchase a luxury new home in Flower Mound, sell a condo or townhome, or rent an apartment in Flower Mound, we’ve got you covered! Ask about special Flower Mound Texas home rebates, discounts, and incentives when you buy, sell or rent a property in the Town of Flower Mound.
Hemingway Court in Irving Offers Luxury Billingsley Townhomes and Darling New Homes
December 9, 2011 by Kenneth Cox · Leave a Comment
Hemingway Court Townhomes in Irving
Hemingway Court in Irving is currently offering new custom homes and luxury townhomes with prices ranging from the $260′s to $450′s. Hemingway Court is a master planned community in Irving featuring two exclusive builders, Billingsley Townhomes and Darling Homes. Darling homes in Hemingway Court offer 50 single family residences with floorplans ranging from 2,000-3,300 square feet. Billingsley Townhomes showcase 81 luxury town homes in Hemingway Court with several floorplans.
If you are looking for a luxury townhome in Irving or custom new home in Irving, you should definitely consider Hemingway Court. This luxury master-planned community in Irving offers easy access to I635, DFW Airport, George Bush Tollway, Hwy 121 and Hwy 114 within minutes to Lake Grapevine and Lake Lewisville. Hemingway Court Homes in Irving are located in Coppell ISD with convenient access to Las Colinas and Valley Ranch.
Irving Townhomes | Irving New Homes
If you would like more information on new homes and townhomes available in Irving at Hemingway Court, please contact one of our Irving Realtors. Our agents can assist with buying, selling, and renting Irving Real Estate including homes, new homes, townhomes, condos, lofts, and apartments in Las Colinas, Valley Ranch, Coppell and surrounding areas.
New Villa Homes at The Retreat in Castle Hills Offer Luxury Townhome Living
December 8, 2011 by Kenneth Cox · Leave a Comment
The Retreat in Castle Hills Townhomes
The Retreat Castle Hills Townhomes
If you’re searching for a luxury townhome in Castle Hills, check out The Retreat in Castle Hills Townhomes. The Retreat in Castle Hills is located in a 2,500 acres master planned golf course community off Hebron and Josey in Lewisville ISD bordering Carrollton. This luxury townhome community features 20 unique custom villa style homes by American Legend starting in the $400s with three and four bedroom floor plans ranging from 3,200 – 3,700 square feet.
Residents at The Retreat in Castle Hills enjoy access to a private park, gated neighborhood, 18 hole Jay Morrish golf course, private lake, hike/bike trail, community center, basketball courts, tennis courts, five neighborhood swimming pools, and other luxury amenities. The Retreat in Castle Hills Townhomes offer a private location complete with a community plaza, onsite schools, park pavillion and acres of greenbelts and parks. The Castle Hills Village Shops and Plaza features fine dining, shops, grocery store, and other local community businesses.
Castle Hills Real Estate | Castle Hills Townhomes
If you would like more information on the Retreat Townhomes in Castle Hills, contact one of our Castle Hills real estate agents. Our agents specialize in Castle Hills Real Estate including homes, new homes, townhomes, and condos. If you are looking to rent an apartment in Castle Hills, ask one of our rental locating agents about the brand new Castle Hills Apartments located next to Baylor Medical at the old Trinity Medical Center.
