Real Estate Market Shows Signs of Recovery in January 2012 with Rising Home Sales
March 5, 2012 by Kenneth Cox · Leave a Comment
- January 2012 Existing Home Sales Increase
Real Estate Market Shows Signs of Recovery in January 2012
Many are still wondering when and if the real estate market will recover. Recent reports by NAR’s chief economist, Lawerence Yun, tell us we’re not there yet, but definetely showing consistent postitive signs of recovery. Recent home sales statistics show inventories continue to improve and Exisiting-home sales rose in January 2012, marking three gains in the past four months. Total existing homes sales, including single-family, townhomes, condominiums, and co-ops, increased 4.3 percent in January to a seasonally adjusted annual rate of 4.57 million, which is .7 percent above a spike in January 2011 at 4.54 million.
Lawerence Yun said strong gains in contract activity in recent months show buyers are responding to very favorable market conditions. Mr. Yun explained, “The uptrend in home sales is in line with all of the underlying fundamentals including pent-up household formation, record-low mortgage interent rates, bargain home prices, sustained job creation and rising rents.” Housing inventory fell .4 percent at the end of January to 2.31 existing homes available for sale, which represents an approximate 6.1 month supply, down from a 6.4 month supply in December 2011.The Pending Home Sales Index, an indicator used to track contract signings, also rose from 95.1 in December 2011 to 97.0 in January 2012.
The Pending Home Sales Index hasn’t been this high since the home buyer tax credit incentive in April 2010 when it reached 111.3. Mr. Yun said this is yet another hopeful indicator going into the Spring home-buying season. Mr. Yun also said, “Given more favorable housing market conditions, the trend in contract activity implies we are on track for a more meaningful sales gain in 2012. With a sustained downtrend in unsold inventory, this would bring about a broad price stabilization or even modest national price growth, of course with local variations.”
For more information on recent housing market conditions, please visit January Pending Home Sales Rise Market Uptrend and Existing-Home Sales Rise Inventory Falls January 2012
Dallas Real Estate Market | Dallas Home For Sale
If you would like more information on recent market conditions and trends for real estate in Dallas or pending/existing statistics on Dallas homes for sale, please contact DFW Urban Realty. Our Realtors in Dallas specialize in buying and selling homes, new homes, townhomes, condos, lofts, and high rises.
The Shelton Apartments in Dallas Highland Park Offer Luxury High Rise Rentals at Preston Center
February 27, 2012 by Kenneth Cox · Leave a Comment
The Shelton High Rise Apartments in Dallas Highland Park Preston Center | 5909 Luther Lane
The Shelton Dallas Highland Park
If you are looking to rent a high rise apartment in the Dallas Park Cities area, be sure and visit The Shelton High Rise Apartments at Preston Center in Highland Park. The Shelton is a 23 story luxury high rise apartment community located in Highland Park off 5909 Luther Lane in Dallas. Residents at The Shelton in Dallas enjoy a pedestrian friendly urban lifestyle within minutes of dining, shops, and entertainment. The Shelton is located in Highland Park ISD and offers easy access to Hyer Elementary, Southern Methodist University, Northpark Center, Highland Park Village, Dallas Love Field, Victory Park, and American Airlines Center. These luxury high rise apartment/condo rentals in Highland Park allow residents to experience true urban living in a contemporary live, work, play lifestyle.
Features and amenities at The Shelton in Highland Park include 24/7 controlled access gates in parking garage with security, full-time concierge services, full-service valet, private balconies with panoramic views, three high speed elevators, dedicated pet area, clubroom, year round heated pool, private exterior cabanas, hot tub, rain shower, outdoor kitchen, putting green, shuffleboard, and a 24 hour fitness center. The Shelton high rise apartments in Dallas feature one, two and three bedroom floor plans ranging from 741 to over 2,831 square feet.
Highland Park Condos | Highland Park Apartments
If you would like more information on The Shelton high rise apartments in Highland Park, please contact DFW Urban Realty. We offer several property databases to search Highland Park Real Estate. Our agents specialize in Park Cities real estateand can assist with buying, selling, and renting homes, new homes, townhomes, condos, lofts, high rises, and apartments in Highland Park and University Park. Whether you’re searching for a luxury high rise apartment for rent in Highland Park or a new custom Highland Park home for sale, we’ve got you covered!
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.
