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Update Dallas | A central hub for market and real estate news affecting the Dallas region.

A central hub for market and real estate news affecting the Dallas region.



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Vertical Sales Keep Going Strong in High-Rise Neighborhoods

July 22nd, 2013 | by The Update
Vertical Sales Going Strong

Sweeping views and sophisticated living combine at 2200 Victory Avenue #1701. This two-bedroom home in a Phillippe Starck building features concierge, valet and more amenities. Listed by Pogir for $549,000.

Some come for the wraparound views of Pegasus and Calatrava’s iconic bridge. Others are drawn to the convenience of walking to work, dining, shopping and the best of Dallas’ performance and art venues. Still others appreciate the flexibility of being able to leave for extended periods while someone else watches over the castle. And then, there are the amenities … dry cleaning delivered, on-site fitness centers, a concierge to secure seats at the best table in town.

High-rise living is not a new concept, yet more and more Dallasites, both homegrown and transplants, are opting for breathtaking tree-top neighborhoods where the size of the view is more important than the size of the yard. The result is growth in popularity and real estate value in the Turtle Creek Corridor, Downtown, Uptown and other vertical neighborhoods.

So far this year, the views, amenities and convenience have added up to a 67 percent increase in sales volume (condominiums in Area 17 and listed in MLS) over the same period in 2012. Sales prices in the same timeframe rose by more than 38 percent.

“Buildings, companies, museums and parks are drawing people to North Texas,” says Robbie Briggs, president and CEO of Briggs Freeman Sotheby’s International Realty. “People moving to high-rises want walkability, they want to enjoy the Arts District, the Klyde Warren Park and the whole Downtown experience.”

Click here to read more news about real estate and the economy in Dallas-Fort Worth.

Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 190 agents in five offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 11,000 agents in 600 offices worldwide. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information on escapes and second homesranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.

 

 

 

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