I'm the type of Dallas Real Estate Agent and Dallas REALTOR® that tries my best to do it all. I give you amazing Real Estate Services when buying and selling your home, keep you updated on all your Market Real Estate News, and I blog! Yes, I said blog! I spend countless hours searching the internet, news, and social media outlets to find some of the best information for you. I also like to talk about what is going on in the Local Dallas Real Estate Market. When dealing with home buyers and home sellers there is always a lot of first hand experience to talk about. Every day is something new.
As a Top Dallas REALTOR® it's my job to keep everyone informed on everything that is going on in Dallas Real Estate! Read some of my real estate blogs and contact me about any of your real estate needs. Also, email me about any topics you would like for me to blog about. I hope you find some good information that helps you on your real estate journey. At Coldwell Banker Residential Brokerage Residential we can do it all!
Real estate in Dallas is boooming and has been gonig strong for many years with about 10% gains every year. We are still on the Hot List for Amazon HQ2. So needless to say the market is still on fire. Right now the market is on the verge of shifting to a buyers market tho. Well, according to some experts that are a lot smarter then me. Luxury homes are taking a little longer then usual to sell and new construction as well is sitting on the market longer. What gives? Is Dallas welcoming doom and gloom and about to say goodbye to one of the hottest real estate markets in the U.S.? Is the fire going out? Should I start looking for another job?
Not at all. The market is not in danger as this is normal for a sellers markets to shift into buyers markets. The Dallas real estate market is attracting so much development and new construction that we are becoming a little over saturated right now. Not to mention that there are so many apartments in Dallas. Millenials which make up a huge demographic of the makeup of Dallas buyers are still wanting to rent. They love their cushy luxury apartment. Not to mention other factors that are contributing to giving buyers the upper hand. Not to fret tho. The market is still hot. It is just shifting as all markets do. This does not mean that developers are going to stop looking for new areas to make the new hot spot. They will just be a little more calculated.
One of the newest hot spots is The Cedars. It is located a hop and a skip away from South East of Downtown Dallas. It is on the verge of a new revitalization. Right now if you were to drive around The Cedars it would look like a hodgepodge of warehouses, new townhomes, commercial buildings, and vacant parking lots. Yet, it has still cought the eyes of some big ticket items coming to Dallas soon or at least we are hoping they come to Dallas. The Cedars is planning on housing the hub for the high speed bullet train that would connect Dallas to Houston and there is even talks of a ferris wheel that is bigger then the London Eye that is being planned for development. Of course these things still need final approvals before construction can start, but we are hopeful.
One of my friends at my office is already working with some developers in the The Cedars on some big real estate plans. Well it doesn't hurt that my friends dad and her boyfriend are the ones developing and doing all the construction. So what is this amazing thing that I speak of? It is a 17 acre mixed use hub for townhomes, condos, and apartments. It will completly change the landscape of the area. Construction has already started on the first phases of it. They have already started building and selling some of the planned luxury development. It will total close to $100,000,000 for the project. It will consist of 200 luxury townhomes and luxury condos, 3 seperate apartment complexes, a gas station, and a bank. The apartments will rent for about $1,900 for a 1 bedroom and $2,300 for a two bedroom. The luxury townhomes, which have already started going in the ground, will sell for around $475,000 a piece. 7 have already been pre-sold, and permits for 60 more townhomes have already been approved. It will go fast. This will be a game changer for that part of town attracting even more new developments. Needless, to say it will be a domino effect. Once one big developer starts construction they others will flock. What is the saying? If you build it they will come? I couldn't be happier that Coldwell Banker has the exclusive on this development. Maybe I will list some of them. We shall see. Call me for all your buying and selling needs.
Tags: Dallas REALTORS, Top Dallas Realtors, Coldwell Banker Homes, Best Real Estate Agents In Dallas, Dallas Real Estate Agents, Top Real Estate Agents In Dallas, Dallas Real Estate, Gay Friendly Real Estate Agents In Dallas, Dallas Relocation Companies, Dallas Luxury Listings, Home Investing, Real Estate Careers, Highland Park House Flipping, Uptown Condos, Coldwell Banker Dallas, Homes For Sale In Lakewood, Real Estate Business Building, Home Staging Dallas, Dallas Rental Homes, Dallas Homes For Sale