Robbie Briggs’ Insight Into The Fall Housing Market

Posted October 11th, 2012 | by The Update

Robbie Briggs, CEO of Briggs Freeman Sotheby’s International Realty, shares his insight into the fall luxury housing market in Dallas-Fort Worth. (As seen in this month’s edition of Paper City)

I want to thank our many loyal customers and clients who continue to make our job so rewarding. With every transaction, we get to play our part in making dreams come true and and fulfilling important transitions for families across the Metroplex.

Our area is in the center of a nationwide real estate recovery, according to data provided by Case-Shiller Home Price Indices, the leading measure of U.S. home prices. Positive annual growth is recorded at the end of the second quarter of 2012 in the top 20 U.S. cities, including Dallas. All 20 cities posted positive monthly gains. The National Composite was up 6.9% in the second quarter alone. June in our area slowed slightly, but Briggs Freeman Sotheby’s International Realty enjoyed record sales in one of the most active summers in our company’s history.

We are expecting a strong fall selling season. Inventory is down, especially for homes under $2 million. Prices are firming and buyers continue to enter the market, from first time to luxury seekers.

I wanted to share some market data and company sales data that you should find both interesting and encouraging.

Extraordinary Growth | Extraordinary Numbers

• Our Metroplex offices have closed 1,077 units year-to-date, a 94.76% increase over this time last year.
• Thanks to our association with Sotheby’s International Realty, we are seeing huge increases in our relocation business. Our Broker-to-Broker referrals are up 200%; our Internet leads are up 100%.
• Our per-agent output is the highest in the market.
• We dominate in market share across the area and in key luxury neighborhoods. We lead in Dallas County with 9.2% of the overall market.
• Our office has closed $827 million in volume year-to- date, an 86.51% increase over this time last year.
Data Source: NTREISMLS. Data includes 29 counties that cover the entire Metroplex.

Extraordinary Listings

Here is just a sampling of the top listings at Briggs Freeman Sotheby’s International Realty right now. Visit briggsfreeman.com for more luxury real estate in Dallas-Fort Worth and beyond.