Luxury real estate experts offer market insight

Luxury real estate experts offer market insight

If there’s one thing the past year has taught us, Dallas-Fort Worth has far too many checks in the “pro” column for rising home prices to deter new residents.

“Real estate prices in Dallas are still surprisingly affordable, the job market is booming, cost of living is low and there’s amazing culture here,” said Allie Beth Allman & Associates real estate agent Emily Rogers. “All that combined with the fact that Texas has no state income tax makes it easy to understand why so many people and businesses are moving to Dallas.”

The agents with Allie Beth Allman & Associates say their connections and deep market knowledge have led to success in helping buyers and sellers in today’s unprecedented market. The agents have sold more homes priced at $2 million and above year to date than any other firm, according to Multiple Listing Service statistics.

In neighborhoods where the inventory of homes for sale is lagging behind demand, agents are getting creative when helping their clients find a home. For Jackie Converse, that means working closely with colleagues in her office, as well as those in other brokerages.

“Although inventory remains tight, it’s a great time to buy before sales tick up again,” she said.

In Highland Park, University Park and the adjacent pocket neighborhoods, record-low inventory continues to support a seller’s market, said agent Alexis Collard.

“Here in my neighborhood, we are still seeing record sales with multiple offers,” she said.

“One of my recent listings had multiple offers within the first 72 hours of being on the market.”

She reiterated that working with a well-connected agent who knows what’s coming to market and what’s being offered off market often is critical to finding a home.

In East Dallas, out-of-state buyers’ desire for new construction is fueling home sales, said agent Cliff Kessler.

“We feel this market will sustain its growth for a while, as there are still buyers ready to jump on the next active property,” he said. “Lots of renovations are taking place and land value has risen as well. What a great market to be a part of.”

Meanwhile, homes in Westlake and the neighboring communities in northeast Tarrant County are often under contract in a matter of hours or, at most, days.

Westlake is still in an inventory shortage,” said neighborhood expert Susan Mathews, who is based in the luxury brokerage’s Southlake office. “Buyers relocating to the area are in search of amazing schools and golf course communities.”

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