Trending—Buying Lakewood and East Dallas
May 14th, 2015 | by Michelle
Live in classic elegance in the Swiss Avenue Historic District, in a home with a Neiman-Marcus pedigree. The home at 5803 Swiss Avenue is listed for $1,300,000. Photos / Briggs Freeman Sotheby’s International Realty
The Lakewood/East Dallas market continues to rise with 524 homes already sold year-to-date. Right now, the average price of a Lakewood/East Dallas home is about $360,000—an increase of 15 percent over the same time last year. And most homes are selling after just 43 days on the market.
6522 Vanderbilt Avenue | Lakewood | Listed for $959,999
These personality-rich neighborhoods are always a favorite for buyers looking to invest in an established neighborhood with great architecture, recognized public and private schools and miles of hiking, biking and outdoor fun along White Rock Lake. Demand is growing in the $400,000- $600,000 price range. Exceptional homes and new-builds, especially those with lake views, are selling for more than $1,000,000.
5103 Milam Street | Knox-Henderson | Listed for $779,000
Agents are also reporting growing interest from Lakewood, Casa Linda, Forest Hills and East Dallas residents looking to move from a large family home to a smaller, post-parenting home that still has top-of-the-line amenities like a chef’s kitchen and flexible entertaining spaces with less overall square footage and fewer maintenance demands.
5505 Ellsworth Avenue | East Dallas | Listed for $595,000
To learn more about living in Lakewood and East Dallas, visit the best neighborhood site in DFW.
For more luxury homes throughout the Metroplex, see briggsfreeman.com. Click here to see the latest in real estate news. President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.