Dallas Business Journal - What's Happening in Real Estate

What’s Happening in

REAL ESTATE

FROM TOP INDIVIDUAL PRODUCER SUSAN BALDWIN

NEW ON THE MARKET

3832 Greenbrier Drive | $2,995,000

3114 Cornell Avenue | $1,895,000

4424 Manning Lane | $2,895,000

5823 Lupton Drive | $1,400,000

9 Robledo Drive | $1,995,000

4730 Royal Lane | $2,890,000

Give Me a Call for Details!

Give Me a Call for Details!

4058 Highgrove Drive | $1,375,000

WHY NOW? The Texas economy is slowly opening and we are all optimistically moving toward a new normal. Open houses of unoccupied homes have resumed and ShowingTime reports that home tours have increased 70% since April, just off 3.8% from 2019. People still need to buy and sell, so offers are being made and contracts are closing. I currently have several pending contracts and four closed contracts closing since the middle of March, with buyers definitely in the market for their next home. According to the Texas A&M University Research Real Estate Center, the year started out strong for Texas with an increase in new-home construction and March data indicating an uptick from the previous year.

The center predicts that April and succeeding months will reveal more about the virus’

impact on the housing sector. However, after an almost total shut down in the latter half of March and April, I have personally found renewed enthusiasm in the real estate market this month.

Some Dallas-based housing analysts agree, and expect to see some improvements in May and June, if existing home sales follow the improved sales reported by builders. I have spent nearly twenty years guiding clients through challenging times, and I remain singularly focused on my buyers and sellers, and meeting their current needs.

There are always opportunities, in every market, we just need to know where to look. In addition to comfort and functionality, location may be one of the most important considerations in our new normal.

The initial drop in showing activity experienced throughout much of the country in the early weeks of the COVID-19 pandemic has given way to modest signs of stabilization.

Susan Baldwin is an Executive Vice President at Allie Beth Allman & Associates, an Individual Top Producer and has been named a DBest Realtor for 2019 and previous years.

Source: ShowingTime.comÂŽ

TOP SALES

4211 Lakeside Drive

4636 Chapel Hill Road

14 Sarah Nash Court

Other Significant Sales 5538 Falls Road 3312 Hanover Street 4617 Ellensburg Drive 9211 Esplanade Drive 6206 Desco Drive

6215 Stefani Drive 6623 Pemberton Drive 3460 Stanford Avenue 6130 Bandera Avenue 7010 Stone Meadow Drive

8514 Chadbourne Road 4440 Potomac Avenue 3421 Granada Avenue 5500 Amherst Avenue 4005 Normandy Avenue

6206 Deloache Avenue 4211 Lakeside Drive 5800 Golf Drive 4236 Hanover Street 6431 Desco Drive

COMING SOON Call me for additional homes coming on the market!

6215 Desco Drive | $1,600,000

BUYERS READY TO GO Park Cities Buyer Highland Park or University Park, newer construction or redone, close to Highland Park Village

972-931-9595

Coming from London

Park Cities Buyer

London family looking for Park Cities or Preston Hollow, up to $2 million

Young family with 3 kids looking for Park Cities, up to $1.7 million

AVAILABLE LOTS: 54 Braewood Place | Glen Abbey 48 Braewood Place | Glen Abbey 4337 Park Lane | Preston Hollow

SUSAN BALDWIN 214.763.1591 susan.baldwin@alliebeth.com baldwingroupdallas.com