DFW Real Estate Market Update: Hot Properties in a Robust Economy
Posted June 5th, 2012 | by The Update
This stunning Highland Park home was recently sold by Karla Trusler of Briggs Freeman Int’l Realty.
The Dallas-Fort Worth market continues to be extremely robust. Leading luxury real estate firm Briggs Freeman Sotheby’s International Realty just celebrated their strongest week in the history of their company— a $105 million dollar week comprised of $43 million in closings, $35 million in pendings and $27 million in new listings. Their most expensive sale to date through MLS in the estate area of Preston Hollow was sold by their office for $7,895,000. They are also continuing to expand into the luxury markets of Southlake, Colleyville and Westlake with the opening of their new Southlake office.
One of the hottest real estate trends right now in DFW are lots in prime locations, especially in Dallas’ most coveted neighborhoods like Preston Hollow and Highland Park, as well as lots located near lakes or special attractions like the Katy Trail. There are also several prime home building lots out towards Fort Worth in up-and-coming luxury neighborhood locales.
Multiple offers on well-priced properties in all price ranges continue to be a factor in the market place. Buyers are coming in with strong offers of cash or heavy down payments.
Visit briggsfreeman.comfor more information on navigating your way through DFW’s astounding market conditions.