In the first half of 2013, prices in Dallas have been going up dramatically. It’s been on the cards for months and the final reports have revealed prices are 20 per cent higher than they were this time last year. For sellers, this makes it the perfect time to offload their properties.
And this rise doesn’t just signal a return to prosperous times for buyers and sellers alike. It’s a record for North Texas. It’s the highest increase since records began. The figures only take into accounts which were previously owned, rather than new homes.
With prospective home owners looking for funding with better interest rates, it could mean banks and other financial institutions will be more willing to offer superior mortgages. This will make sure there’s more inventory because sellers will feel more confident of making a sale.
The areas which have seen significant growth include Bluffview, Preston Hollow, Park Cities, and Frisco. Even Little Elm has seen some improvements in the number of sales, which has shocked many critics.
Will it last?
This rate of growth certainly won’t last. And if it did continue to rise it would be a worry because it would resemble the housing bubble of a few years ago. Things will level out, but there are strong signs of continued growth over the next few financial quarters.
If you want to buy or sell in Dallas, you’re in one of the best cities to do it. Whilst areas like Detroit and Los Angeles continue to stagnate, Texas is bucking the trend and there’s no reason why this won’t persist.
Andrea and Blake Trimble, with Trimble Realty Properties, specialize in residential real estate home sales in the Dallas, Richardson, Plano, as well as golf communities around the DFW TX metroplex. Trimble Realty Properties is focused on providing clients with the utmost service and client satisfaction. To contact Andrea or Blake for a real estate consultation, e-mail us at:[email protected] or visit ourwebsite: www.TrimbleRealtyProperties.com3131 Turtle Creek Boulevard Suite 1015 Dallas, TX 75219 Office: (817) 789-5591
Author:Andrea Trimble Phone: 817-789-5591 Dated: July 28th 2013 Views: 1,988 About Andrea: Andrea Trimble is a recognized real estate advisor in the Dallas/ Fort Worth Metroplex market. With ...
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