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 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 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.

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.

The National Association of Realtors recently reported pending homes sales for October 2011 rose 10.4% from September 2011, a 9.2% increase over October 2010.  Lawrence Yun attributes the recent jump in pending home sales to home buyers that have been sitting on the fence, but are now moving forward and taking advantage of record low interest rates.  Yun also confirmed that declining inventory is yet another healthy sign for the housing market.  The housing market for now seems to be heading in the right direction with positive reports indicating an increase in consumer confidence. 

To read the full article on NAR’s recent press release, visit Pending Home Sales Jump in October

Dallas Real Estate Market

For more information on current housing market conditions including recent reports and articles, please contact one of our Dallas Realtors.  DFW Urban Realty specializes in Dallas Real Estate and Fort Worth Real Estate.  Our agents assist with buying, selling, and renting homes, new homes, townhomes, condos, lofts, high rises, and apartments throughout the DFW real estate market.

If you are looking for a mixed use residential/commercial zoned live/work Downtown Dallas loft, be sure and check out The Gibson Company lofts.  The Gibson Company was the first to convert commercial and industrial warehouse properties in the Deep Ellum/Fair Park district into Downtown Dallas loft residences.  The Gibson Company offers business professionals such as artists and photographers a trendy urban address to live and work in loft studios.  The GibsonCompany features historical loft and industrial warehouse conversion loft properties including Goodyear Lofts, Goodrich Lofts, 3809 Perry Avenue Lofts, 500 Exposition, Block 811, and 4118-4140 Commerce Street Lofts.  These luxury Downtown Dallas Lofts offer convenient urban living with easy access to fine dining, entertainment, and shopping in the Dallas Arts Districts, Deep Ellum, West Village Urban Center, Knox Henderson District, Uptown Dallas District, Victory Park, Trinity River Park, Katie Trail, and surrounding urban districts in Dallas.

The Gibson Company lofts in Downtown Dallas represent true loft conversion amenities and features with exposed columns, and ductwork, open studio style floorplans, polished concrete flooring,  and exposed brick walls.  Other exterior loft amenities include courtyards, swimming pools, rooftop decks, reserved garage parking, secure guest access, storage units, bicycle storage and dog parks.

Dallas Lofts | Downtown Dallas Lofts

If you would like additional information on The Gibson Company Lofts in Downtown Dallas or other Dallas lofts, or other Mixed Use Commercial Residential zoned Dallas Lofts, please contact DFW Urban Realty.  Our agents specialize in urban lofts for sale and rent in Dallas including Downtown Dallas, Deep Ellum, West Village, Uptown, Knox Henderson, Oak Lawn, Turtle Creek, Kessler Park, East Dallas, Victory Park, Park Cities, Las Colinas and surrounding areas.  Ask one of our agents about special loft rebates, discounts and incentives whether you’re searching for Dallas Lofts for sale or lofts for rent in Dallas.

400 N. Ervay is now leasing luxury Downtown Dallas apartments in the old historic U.S. Post Office and Courthouse building.  An old historic government building was transformed into a modern luxury residential mixed use masterpiece by Downtown Dallas Inc. and developer Shawn Todd. 

These modern luxury Downtown Dallas apartments are located 2 blocks south of the Dallas Arts District and 2 blocks North of Main Street District.  400 N. Ervay offers 78 one and two bedroom apartments in a  5 story 100,000 sq. foot building complete with a 20,000 square foot roof top terrace and garden.  

400 N. Ervay U.S. Post Office

400 N. Ervay apartments in Downtown Dallas offers many luxury amenities and conveniences including an executive lounge/theatre, fitness studio, magistrate lounge, resident’s lounge, market/bakery, 4 private elevators, and immediate Dart access.   Residents will also have access to  The Market at 400 North Ervay, a 1,500 square foot Italian market and bakery with a coffee/espresso bar. 

The Magistrate Lounge, a refurbished court room once home to Federal Magistrate Sarah T. Hughes, offers the perfect setting to read, dine or host private events through the Venue at 400 North Ervay.

400 N. Ervay Apartment Features:

• Preserved historical details provide old-world elegance coupled with contemporary styling
• Handsome antique Fir hardwood floors
• Majestic floor-to-ceiling operative steel case windows with brass hardware and solar shades
• Intimate art niches and built-in book cases
• Large, walk-in closets with wood shelving
• Full size washer and dryer in every residence
• Sound system in living area with computer/smart phone connection
• Built-in, granite counter desk/study
• AT&T U-verse™ Internet and cable connections provided in all residences.
• Exotic, Brazilian Acacia brown granite counter tops
• Top-of-the-line stainless appliances with a wine fridge in many residences
• Rich, dark wood cabinets with stainless steel drawer bank and waterglass front
• Light Emprador tumbled marble shower floors with travertine Stone walls and marble accents
• Mediterranean travertine stone floors & Giallo ornamental granite counter tops in bath

Downtown Dallas Real Estate | Downtown Dallas Apartments

If you would like more information on 400 N. Ervay apartments in Downtown Dallas, please contact DFW Urban Realty.  Our Urban Realtors specialize in Downtown Dallas real estate and can assist with buying, selling, or renting homes, townhomes, condos, lofts, high rises and apartments.  Ask one of our agents about other rental options off Ervay including Downtown Dallas Lofts.

Bloomfield New Homes in Little Elm

If you are looking for a new home in Little Elm, check out Sunset Pointe and Eldorado West.  Harmony Homes, Ryland Homes, Beazer Homes, and Bloomfield homes have inventory and build out options available.  Bloomfield Homes is currently offering $30,000 in upgrades on select inventory homes.  

Sunset Pointe and Eldorado West homes in Little Elm are located off W. Eldorado Pkwy in Frisco ISD within minutes to Lake Dallas.  Eldorado West  Amenities at Sunset Pointe and Eldorado West  include greenbelts with walking/biking paths, community playground, and a swim center with cabana. 

Here are just a few Little Elm new home options offered by Bloomfield Homes.

Little Elm New Homes – Eldorado West – Bloomfield

• 2601 Still Springs Dr.            Magnolia II “C”              3384 SF             4/2.5/2.5        $241,900              Sep’t                                         Media room, walk-out deck off game room, green belt lot! 
• 2584 Rain Dance Dr.            Carolina “B”                    2299 SF             3/2/2.5           $219,900  
              20” ceramic tile throughout, glazed cabinetry, glass block backsplash!
• 2568 Rain Dance Dr.            Cypress II “E”                 2459 SF             4/3/3               $229,900 
              Upgraded carpet and tile throughout, extra cabinets and countertop space! 
• 2600 Rain Dance Dr.            Dewberry II “AS”          2916 SF             4/2.5/2.5        $232,990
              Upgraded ceramic tile, media room + game room with tech center upstairs! 

Little Elm New Homes / Sunset Pointe Bloomfield

• 2369 Aurora                            Dogwood III “E”            2333 SF             4/3/2               $214,990
              Game room with tech center, corner lot!
•  2309 Aurora                            Cypress “E”                     2043 SF             4/2/2               $199,900
              Loads of cabinets and countertop space, upgraded tile and carpet!
•  2312 Aurora                            Dogwood “C”                 1840 SF             3/2/2               $197,900
              Upgraded tile and carpet, large covered porch and patio!

If you would like additional information on buying a new home in Little Elm, contact one of our Little Elm Realtors.  Our agents work with all Little Elm new home builders.

Little Elm Real Estate | Little Elm New Homes

If you would like more information on new homes available at Sunset Pointe and Eldorado West, please contact DFW Urban Realty.  Our agents specialize in Little Elm Real Estate and can assist buying, selling and renting  pre owned and new construction homes, townhomes, condos, and apartments.  Ask one of our agents about special Little Elm home rebates, discounts, and incentives.  Search Little Elm homes with instant access to pre owned, new construction, foreclosure, auction and sold home listings.

Waters Edge At Lake Ray Hubbard

Waters Edge at Lake Ray Hubbard offer luxury lakefront condos located at Rockwall Harbor off Portofino.  Residents enjoy luxury waterfront condominium living in a resort style setting on Lake Ray Hubbard minutes from Rockwall Harbor with fine dining, shops, and entertainment.  Rockwall Harbor is the city’s premier entertainment district with many projects completed and others in the works including an upscale full service hotel, civic center, retail shops, restaurants, office spaces, public boardwalks, fountains, plazas, pedestrian walkways and more. 

Waters Edge at Lake Ray Hubbard condos in Rockwall amenities include private gated entry, balconies with lake views, lakeside pool and patio, and detached garages or under level parking with elevators.

Waters Edge at Lake Ray Hubbard Lakeside Living Community Features:

  • Waterfront property on Lake Ray Hubbard
  • Privacy and gated access
  • Resort-style, low-maintenance living
  • Lakeside oversized pool and deck
  • Professionally landscaped grounds
  • Next to Harbor Project with Cinemark Theater, restaurants,
    shopping and entertainment venues
  • Close to Larry North Fitness Center
  • 30 minutes from downtown Dallas

Exterior Features
  • Stone and stucco exteriors with distinctive concrete roof tiles
  • Large covered balconies
  • Assigned covered parking
  • Elevators from under-level parking

Interior Appointments
  • Nine-foot ceilings
  • Fireplaces in selected designs
  • High-quality soundproofing between residences
  • Single-level, open designs
  • Wet bars in selected homes (D1, D2 & E)
  • Stainless kitchen appliances
  • Granite countertops with tile backsplash in kitchen
  • Pantry and storage shelves in kitchen
  • Jacuzzi oval tubs in master bath
  • Separate shower in master bath
  • Ceramic tile in bathrooms
  • Full-size washer/dryer connections
  • Prewired for surround sound and digital cable
  • High-speed Internet and communication lines
  • Audible intrusion alarms and multiple telephone outlets

Check out Rockwall Harbor for more information on recent developments on Lake Ray Hubbard.

Rockwall Real Estate | Rockwall Condos | Rockwall Waterfront Homes

Contact one of our Rockwall Realtors for more information on Waters Edge at Lake Ray Hubbard Condos in Rockwall.  Our agents in Rockwall specialize in all types of Rockwall Real Estate including estates, homes, townhomes, condos, and apartments.  Check out Dallas Waterfront Homes to view other lakefront properties with lake views on North Texas lakes.

The Trinity Strand will run near the Dallas Design District and Turtle Creek Plaza connecting to Katy Trail by Oak Lawn Avenue allowing access to Southwestern Medical District, Dallas Market Center, Infomart, Stemmons Corridor businesses.  The Turtle Creek Plaza trail head along Turtle Creek Boulevard has already been completed with another 2 mile section planned for completion in about a year.