Steve Brown via Redfin: About One-Third of Dallas Homes Have Buyers Within Two Weeks of Hitting the Market
I think that we have been preaching this here on CD ever since about January. Steve Brown reports that “more than 20 percent of the Dallas-area properties which were listed for sale in April had a contract in one week or less.”
Another Reason to Rethink Fracking: Even The Threat of Shale Gas Wells Tanks Propert Values 20 to 24 Percent
Business Insider listed the top nine things that can cripple or kill home values, and fracking (hydraulic fracturing) was listed among foreclosure graveyards, hoarding, sex offenders, and poorly performing schools as one of the top problems that tank home values.
More on the Oklahoma Tornados (Written With One Foot In My Tornado Closet…) and How We Can Help Our Friends/Family in OK
Thanks, Joanna, for posting about the importance of storm shelters. There are a lot of bomb shelters around town — one right next door to me — constructed during the atomic war threats we lived with during the 1960′s when I was a kid. They make great tornado shelters. We had regular bomb drills to cover our heads and get under our desks when I was a kid. Or we’d pile into the inner hallways, arms and head folded against the kid in front of us.
Remember the Roy’s Transmission and Autocare Saga in Bishop Arts? Well, Looks Like Roy’s Struck a $375K Deal with Our Tax Dollars
Last December I had my hissy fit about Roy’s Transmission & Autocare at 138 W. Davis. The shop lies splat in the center of the city’s plans to create a cute million dollar plus plaza and streetcar stop at Zang and Seventh. Basically, Roy Smith has been fixing cars at this location for 18 years. The city wants to buy Smith’s tire shop property to build a way cool entrance to Bishop Arts, including a children’s playground. Smith has no objections except the green kind: he wants to be paid enough money to relocate and get another business. Last year, he said he had his property appraised at $775,000 when the city offered him “only” about $205,000. Continue reading
We’re seeing Jed Kolko’s name pop up all over the place nowadays. This time it was in this Wall Street Journal piece comparing how the word “cozy” is often used to denote “small” properties in real estate markets.
A little background story here: Bob Martin called me last summer, said he was thinking of selling his house at 6322 Royal Crest. I popped over, we had wine, we toured. The home is great — Bob and his wife, Meaghan, have done a superb job of re-decorating the 1950′s ranch despite having a toddler in tow. Oh, child plus two rescue dogs. The home’s lines are classic LEAVE IT TO BEAVER but also cleanly now; the bedrooms look like they were just photographed for a Neiman’s catalogue. You know how I believe that homes have personalities and moods, and this is a home that just felt happy.
The first source cited in this report from Bloomberg Businessweek is Dallas Realtor Mary Beth Harrison, who has turned to poring over tax records to find homeowners who might be motivated to sell if they knew how much money they could make.
“That’s how hot things are now,” Harrison said.
For many, a home is their biggest single investment. So why NOT do what the big boys do and scrutinize every expense on your home, from repairs and maintenance to property taxes? We reached out to Rob Wheelock for a sneak peak at how the pros keep those taxes down.
King of Man Caves on Steroids: Preston Hollow Estate Offers a Million Dollar Plus Carriage House Luxury Garage
This is truly an “Oh My God” home. Not only do you get a beautiful, has-everything-plus Preston Hollow estate east side of Preston Road — hello, St. Mark’s! — with stunning landscaping, five bedrooms including a circa 2013 remodelled master suite, five full and one-half baths, wine cellar, 38,000 gallon saltwater pool and spa, and all the finish out you could ever want and then some, you get a whole extra LOT next door. And this is not just a putting green, no sir. Here you will find a carriage house with 1500 square feet, including a full bath and bar/caterer’s kitchen because yes, this is a structure specially built as a giant party room that can also be converted without breaking a fingernail to temperature controlled storage for about six collector cars. There are three other garage bays for three more cars, which means, you could almost have a Pebble Beach or Amelia Island Concours de Elegance right here at 6615 NorthPort Drive, Dallas Texas USA.
Nothing is better after a long day of showings and trying to find homes in the corners of this hot real estate market than grabbing a drink or two with fellow House Porn lovers, and networking with other real estate professionals! So, on Wednesday, May 15th, join the folks from Real Estate Expo 2013, at J. Black’s (2409 N Henderson Ave, Dallas, TX 75206) for a super fun Dallas Happy Hour.