Dallas housing market

Watch for A Notice of Appraised Value in Your Mail

4 Important Things to Know About What This Notice Means –
The reminder

  1. Find Your Notice of Appraised Value Letter” that you should have received in your mail this month notifying you of your new proposed 2014 market value for your property.
  2. Ask This: Once you have reviewed this market value, ask yourself, “Is this more than I can get in a sales price if listed my house for sale today?”  Or in other words, if I sold my home today, what could I reasonably get for it?
  3. Don’t Wait: The Protest Deadline this year is June 2nd 2014 for all major North Texas counties in Dallas and Ft. Worth. So if you don’t agree with the notice, you only have a short time to get your paperwork ready and file a protest prior to this date.
  4. We Can Help You Do this: Call our office or go to our website for more information.  www.CarlsonPropertyTax.com or to sign up for representation services. It can save you money.

Sales Prices Are Up:  Median Sales Price Up: Dallas area median sales price up from 2012 to end of 2013 rose 9.7%. This comparison is below the national average climbing to 13.6%. Our increase of 10% in a sales price was the largest growth we have ever experienced since we started keeping records.A person holding a miniature house and some dollar bills

The Latest Numbers: Dallas home prices are up 10.2 percent in the latest Standard & Poor’s/Case-Shiller Home Price Index.

Overall Summary is Good. 

  • Positive Overall: Overall we should feel good about our rebound from downturns in other markets.
  • More Jobs, Higher Incomes: Texas has more jobs and higher incomes, which contribute to a healthy real estate market.
  • Low Supply of Homes For Sale: We are experiencing the lowest amount of inventory of homes for sale in several years.
  • Home Values Up: The Case-Shiller Index says Dallas homes are up about 5% from the recession and Core Logic stated home prices have been appreciating the last 2 years.

The largest gains in a median sales price were in Las Vegas and San Francisco at 27% and 24% respectively.  Typically these markets are volatile and will show big swings in value.

Click Here to Learn Morewww.CarlsonPropertyTax.com or to sign up online for representation services at the Appraisal District.



Downtown Dallas Get An Update


Dozens of Projects Developing in Downtown Dallas

Dallas real estate developers are hard at work with at least two dozen projects underway in downtown Dallas.   Of course , the developers are ‘diggin’ the new development opportunities, which include expansion of the Joule Hotel and several apartments plus newly remodeled office space in some of the area’s cool skyscrapers.

Along with downtown renovation and expansion, the Dallas Farmer’s Market (a local favorite for fresh produce and plants), will get additional living space for city dwellers – with an addition of townhomes and apartments in Farmer’s Market Square.  This is exciting news for those who like the convenience of living and working in downtown.  One thing that has been missing in Dallas is ability to get around by foot more easily – so hopefully developers will create living space which accommodates access to retail and dining for city dwellers who work and live in downtown.  Some of the expansions and updates in the area include Plaza of the Americas, Reunion Tower, Bank of America Plaza, Tower Petroleum Building and One Dallas Center, just to name a few.

In addition to down town, the  recent housing surge in North Texas has developers busy with Texas cities bouncing back like Austin, Corpus Christ, Dallas-Fort Worth, El Paso, Houston, and San Antonio.  First quarter median home prices were higher than in the same period last year in 133 out of 150 U.S. markets.  Austin had the biggest gain with an increase of 8.7 percent.

In May, Dallas’s best neighborhoods were recently posted in the Dallas Morning News in a 13 part series that ranks areas based on 12 key livability factors.

Neighborhood Ranking Factors

The factors that played a part in the consideration of ranking include

      • Safety
      • Affordability
      • Schools
      • Quiet
      • Walkability
      • Property Appreciation
      • Friendly Neighbors
      • Shopping
      • Commute
      • Landscaping
      • Pet Friendliness
      • Parks

Top 10 Neighborhoods that made the list

  1. Prestonwood
  2. Northwood Hills
  3. Bent Tree
  4. Lake Highlands
  5. North Dallas
  6. White Rock Valley
  7. Preston Hollow
  8. Westhollow
  9. Lakewood
  10. Turtle Creek

Want to Know Where Your Neighborhood Ranks in Dallas?

Dallas Residents

If you’d like to see how your neighborhood is currently ranked among others in the metroplex, check out this link from the Dallas Morning News.  Its a handy  resource and easy to use.  Basically, enter your zip code and Voila! http://res.dallasnews.com/news/community-news/bestneighborhoods/compareneighborhoods/