Dallas Home Prices Jump 14% in May

Dallas Home Prices Jump 14% in May

North Texas home prices jumped by 14 percent in May – one of the largest year-over-year gains ever for the area.  Median home sales prices hit a record $215,000 last month for preowned single-family homes sold by real estate agents.  Home sales were up 6 percent from May 2014 with 9,484 properties sold.  It was the largest one-month sales total ever for North Texas, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.  With the strong sales, the number of homes listed with real estate agents in the area dropped 15 percent from this same time in 2014. There was a 2.4-month supply of homes in real estate agents’ multiple listing service, less than half of what is considered a normal inventory.  May’s strong home sales and price spike will put more pressure on the local housing market which is stretched with more buyers than sellers.  National surveys show that the Dallas-Fort Worth area is seeing the largest annual home price gains in the country. Prices here are rising at about three times the long-term average rate of residential appreciation for the area.

-         Dallas Morning News, June 9, 2015

Highest Household Income Neighborhoods in the DFW Metroplex

According to the 2010 U.S. Census

Highest Household Income Neighborhoods in the Metroplex

1: Westlake (Westlake)
Mean Household Income: $526,590, Higley 1000 #12

2: Greenway Parks (Dallas)
Mean Household Income: $511,549, Higley 1000 #15

3: Westover Hills (Westover Hills)
Mean Household Income: $385,047, Higley 1000 #69

4: Old Preston Hollow (Dallas)
Mean Household Income: $338,351, Higley 1000 #158

5: Bluffview West (Dallas)
Mean Household Income: $335,935, Higley 1000 #168

6: Highland Park (Highland Park)
Mean Household Income: $330,032, Higley 1000 #188

7: Oak Tree (Dallas)
Mean Household Income: $327,123, Higley 1000 #204

8: Volk Estates-Windsor Place (University Park)
Mean Household Income: $323,486, Higley 1000 #218

9: Stratford Manor-Armstrong Fairway (University Park)
Mean Household Income: $322,282, Higley 1000 #224

10: Northaven Park (Dallas)
Mean Household Income: $313,955, Higley 1000 #251

11: Preston Hollow (Dallas)
Mean Household Income: $310,471, Higley 1000 #269

12: LakeSide on Preston (Plano)
Mean Household Income: $306,168, Higley 1000 #286

13: Willow Bend (Plano)
Mean Household Income: $304,801, Higley 1000 #296

14: Preston Royal (Dallas)
Mean Household Income: $304,679, Higley 1000 #299

15: Lakewood (Dallas)
Mean Household Income: $301,825, Higley 1000 #320

16: Bent Tree-Oakdale (Dallas)
Mean Household Income: $298,930, Higley 1000 #333

17: Timarron (Southlake)
Mean Household Income: $298,068, Higley 1000 #336

18: Timberlake-Princeton Park (Southlake)
Mean Household Income: $286,828, Higley 1000 #418

19: Bella Lago-River Hills (Flower Mound)
Mean Household Income: $281,696, Higley 1000 #456

20: Brook Meadows-Brighton Oaks (Colleyville)
Mean Household Income: $278,204, Higley 1000 #488

21: Cheyenne Village-Starwood West (Frisco)
Mean Household Income: $277,646, Higley 1000 #495

22: Russwood Acres (Dallas)
Mean Household Income: $275,175, Higley 1000 #523

23: Versailles-Cambridge Place (Southlake)
Mean Household Income: $271,015, Higley 1000 #566

24: University Heights-University Hills (University Park)
Mean Household Income: $266,284, Higley 1000 #620

25: Rivercrest Country Club (Fort Worth)
Mean Household Income: $265,238, Higley 1000 #632

26: Starwood East-Sterling Ranch (Frisco)
Mean Household Income: $265,076, Higley 1000 #635

27: Kings Ridge-Schoal Creek West (Plano)
Mean Household Income: $262,018, Higley 1000 #667

28: Stonebriar North (Frisco)
Mean Household Income: $261,486, Higley 1000 #676

29: Preston Trail Golf Club-Bent Tree Country Club (Dallas)
Mean Household Income: $260,066, Higley 1000 #700

30: Gentle Creek Country Club-Whitley Place (Prosper)
Mean Household Income: $255,529, Higley 1000 #766

31: The Dominion-Highland Oaks (Southlake)
Mean Household Income: $247,070, Higley 1000 #878

32: Denham Village-Whiffletree (Plano)
Mean Household Income: $245,842, Higley 1000 #896

33: Mansfield South (Mansfield)
Mean Household Income: $242,732, Higley 1000 #960

34: Bedford (Bedford)
Mean Household Income: $241,303, Higley 1000 #987

35: Loma Linda-Preston Place (University Park)
Mean Household Income: $240,133, Higley 1000 #998

DFW Gains 96,100 Jobs in 12 Months; Gains Over 125,000 Net New Residents

DFW Gains 96,100 Jobs in 12 Months; Gains Over 125,000 Net New Residents

Dallas-Fort Worth appears to be leading the nation’s job growth, according to data released Thursday by the U.S. Bureau of Labor Statistics.   For the year that ended Oct. 31, Dallas-Fort Worth recorded a job growth rate of 3.1 percent, tops among the 12 largest U.S. metropolitan areas. Houston was No. 2, with a rate was 2.9 percent.  Both D-FW and Houston beat the nation’s job growth of 1.7 percent.  “Dallas and Houston have ranked No. 1 and No. 2 for quite a while, and that’s partly due to the overall health of the state,” said Cheryl Abbot, a Dallas regional economist for the BLS.   Preliminarily, the Dallas-Ft Worth area is expected to once again have a net population growth of over 125,000 people.

-          Dallas Morning News, December 5, 2013

Nationally 6% Growth in Closings, RMDFW Sees 27% Growth

RE/MAX DFW Associates is expected to close approximately 4,700 units for 2013, up from 3,725 units in 2012.  This is over four times the national growth rate in closed sales.

	RE/MAX Premier Properties Kim Raine  Homes Available for sale in Prestonwood Area 214 675 9436 (Cellular) http://www.kimraine.com	RE/MAX Premier Properties 1800 Market Place Blvd., Ste. 140 Irving, TX 75063
Information herein deemed reliable but no guaranteed		©2012 Imprev, Inc.

	RE/MAX Premier Properties Kim Raine  Homes Available for sale in Prestonwood Area 214 675 9436 (Cellular) http://www.kimraine.com	RE/MAX Premier Properties 1800 Market Place Blvd., Ste. 140 Irving, TX 75063
Information herein deemed reliable but no guaranteed		©2012 Imprev, Inc.

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