DALTX Real EstateDALTX Real EstateDALTX Real Estate
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Reading: Dallas Realtor SUGGESTS Dallas Real Estate May be Peaked…
Share
Font ResizerAa
DALTX Real EstateDALTX Real Estate
Font ResizerAa
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
  • Home
  • Guest Post
  • Agents
  • Contact Us
  • About
  • Advertise With Us
Follow US
© DALTX. All Rights Reserved.
DALTX Real Estate > Dave Perry Miller & Associates > Dallas Realtor SUGGESTS Dallas Real Estate May be Peaked…
Dave Perry Miller & Associates

Dallas Realtor SUGGESTS Dallas Real Estate May be Peaked…

5 Min Read
SHARE

Hicks-Walnut-Place

UPDATE 10:35 am: I heard from Thomas, who explains he was picked by Marketwatch as one of 21 representatives for 21 cities across the U.S. to write about their city’s real estate market. He is the Dallas representative and just got a crash course in SEO:

“My last article had about 6,400 views total and I started to think, what do people want to read about? Ultra-expensive, celebrity type homes of course! This article has 67,000 views in 18 hours.

 The ground rules are simply that they want us to write about the city’s real estate market: whether that be an interesting property or a change in prices, etc. I am on a warpath to become a top Dallas realtor, so this was a perfect opportunity! “

That would be Dave Perry-Miller agent Thomas Randall, who wrote a piece for the online Dow Jones’ product MarketWatch:

Ever wanted to buy a home with 11 fireplaces, 12 bathrooms and two “staff wings”? The price tag, which started out at $135 million, is now $100 million. This property is on 25 acres in one of the most prestigious areas in Dallas, Preston Hollow. Preston Hollow is home to such billionaires as Kelcy Warren, Ross Perot, Mark Cuban and a handful of other notables.

The estate is on such a large piece of land that the entire subdivision is named after the owner, Thomas Hicks. Upon purchasing this home, you would become neighbors with Thomas Hicks’s longtime friend, George W. Bush. A sports tycoon, Hicks has been an owner of the soccer club Liverpool F.C., the Texas Rangers baseball team, the Dallas Stars hockey team and the Mesquite Championship Rodeo.

A $100 million single-family home is certainly a sign that the real estate market in Texas is at its highest point ever. The most expensive home ever sold (on record) was listed for sale at $30 million in 2009. Texas has a disclosure law, so the sales price is unknown. As of now, there are five listings in the city over $27 million.

g4lndqvm.r1u

Looks like Thomas is a Location Scout for Dow Jones, a very cool media system that brings in industry professionals — “stories offering a different perspective on the real estate market than staff journalists or freelance writers would offer, which provide readers with a “boots on the ground” approach to housing news in various cities. Any opinions in the articles are the writer’s alone.” Different perspective than staff journalists for sure — it’s free content — this is native advertising at its best.

I can tell Thomas that the most expensive home on record in Dallas, in Preston Hollow in fact, is the home of Kelcy Warren at 5323 Park Lane, which he bought in June of 2009 from Joyce and Larry LaCerte for about $29 million. DCAD has it appraised at $24, 545. Joyce and Larry have since moved to Highland Park.

Anyhow, I like this deal, and Thomas Randall is a pretty darn good blogger. What a great way to get free content, too, at Dow Jones! But I don’t know if I’d agree that the existence of Tom Hick’s listing, “Walnut Place”, listed at $100 million, is a sign that the real estate market in Dallas is at its highest ever. That is an exceptional home, for sure, but it would be priced for an arm and a leg in any market. And the price has actually come down from $135K.  Still, cycles:

Typically the real estate market is on a seven-year cycle. We are nearing that seven-year end point since the recession, and the bubble is certainly going to have to either deflate or pop in the near future. Dallas is a resilient city, and the tax laws in Texas (no state-level corporate or individual income tax) keep the economy flourishing and promote company moves to Texas.

Half of the 16 U.S. metro areas whose local economies grew at a 6% pace or better last year were in Texas. Toyota, State Farm Insurance, Liberty Mutual Insurance, and others have office deals totaling just shy of 8 million square feet, bringing thousands of jobs to the Dallas area.

Thousands of jobs. We need inventory. Don’t think Dallas is done “peaking”. What do you think???

Preservationist is on a Mission to Revive Vintage Style in Stevens Park Village
Tuesday Two Hundred: Wonderful Wynnewood Midcentury on Mayrant
Top 10 Most Expensive Homes for Sale in Dallas, TX
Guardian Angel: David Stout Learns His Clients Story and Goals
How to Fight Growth in Your City: Start a Petition Drive
TAGGED:AgentsCrespi EstateDallas real estateDallas Real Estate AgentTom HicksWalnut Place
Share This Article
Facebook Email Copy Link Print
Previous Article Cast of Real Housewives of Dallas Films at Preston Hollow Village. Here’s Who’s in the Show…
Next Article Enjoy the Charms of This L Streets Home in Lake Highlands with Cute Spaces, Styling
Popular News
Dallas real estate news

Adorable Austin Waters Abode is Low Maintenance Style With Amenities For Miles

Some Home Inspection Reports Reveal DIY Fails That Will Make You Facepalm
This Patio At The Cascada at Turtle Creek Is THE Place To Be
Aerie in The Tower Offers Relaxed Elegant Urban Living
Kidd Springs: One of The First Neighborhoods in Dallas
about us

DaltxRealEstate.com is the largest real estate blog and the only one in North Texas.

Links

  • Privacy Policy
  • Terms of Service
  • Contact Us
  • Paid Guest Post Submission

Categories

  • Wednesday WTF
  • East Dallas
  • Monday Morning Millionaire
  • Upon Closer Inspection

Get Involved

  • Advertise With Us
  • Write for Us: Submit Guest Post

Find Us on Socials

© DALTX. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?