Jenni Stolarski has flipped some amazing properties in North Oak Cliff, including this one at 806 N. Windomere.
We were intrigued by a story from Bloomberg News citing RealtyTrac figures reportedly showing a nationwide decrease in flipping:
Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as U.S. residential price gains slow and foreclosures dwindle.
Almost 31,000 single-family houses were flipped in the second quarter, representing 4.6 percent of U.S. home sales, RealtyTrac said in a report today. That’s down from 6.2 percent a year earlier and the smallest share since the first three months of 2012, when prices bottomed after the crash, according to the Irvine, California-based data company, which defines a flip as a property sold within 12 months of purchase.
Of course, I had to consult the two best “flippers” I know to see what the local perspective is on flipping. First I got in touch with Jenni Stolarski of Briggs-Freeman Sotheby’s. Stolarski does high-end flips in Oak Cliff, producing some of the most gorgeous homes I’ve ever seen. One of the most recent ones was an amazing Tudor transformation that was awash in marble and chrome. Total jaw-dropper.
I was on my way to drop my son off at preschool when all the sudden I saw Kevin Caskey’s face at Mockingbird and Abrams. His kiosk ad, a slick, minimalist magazine cover is one of several Dallas City Center’s top agents are rolling out. After seeing the kiosk ad, it reminded me that I needed to check in with him about what listings DCC has in the wings.
As it turns out, I did exactly what Caskey’s ad was supposed to make me do.
“When you’re driving by, it has to capture your attention. What we want to do is use the kiosk ads as a way of, not necessarily building a brand, but to stay top-of-mind,” Caskey said.
When I called Caskey today we had a great chat about advertising, their fabulous new agents, and this L-Streets charmer at 10030 Lanshire that is as rare as a unicorn these days.
“It’s been a hot property because there’s nothing in this price range in Lake Highlands,” Caskey said. “Under $300,000 is so hard to find in this area. It’s unheard of!”
Long Cove was one of the fabulous second home developments we featured during Vacation Home Week.
We’ve been following the crazy good Vacation Home Week posts on SecondShelters.com, looking at all the incredible homes and properties that you’d be nuts not to fall in love with.
From Maine to Florida, to Texas and Santa Fe, there are tons of fantastic second home options out there. See some of the great ones we featured this week on SecondShelters.com! Then come back here and tell us: Where are you shopping for your vacation home?
After living at 7303 Coronado Avenue for 16 years, Karen Nealy decided to try and test the waters to see if she was ready to sell her home in Lakewood Hills. She’s been looking to move closer to the lake, perhaps Rockwall, with plenty of room to roam around.
“We almost bought a house yesterday that we really liked,” Nealy said a week or so ago. That’s what prompted her to “test the waters” and put her three-bedroom, two-bath home on the Lakewood Online Yard Sale Facebook page without the help of a Realtor. Since then she’s put it up as For Sale By Owner on Zillow, advertising the 1,504-square-foot traditional for $299,900.
“We know Realtors can get it out there to more people,” Nealy said, but she is doing a more improvisational trial and error approach to selling her home, which she calls a “fixer-upper.” She thinks it’s a fantastic property to add on to, perhaps for a family that wants to be inside the Lakewood Elementary School attendance zone.
Do-it-yourself listings on social media is a growing trend, but will it end up costing sellers in the long run?
Combining interesting patterns and shapes with jewel tones over a gray backdrop is a classic combination for fall, says Bernadette Schaeffler.
Fall is a huge season for freshening up your decor, and using a few new color can add that bit of seasonal pop you’re looking for. Of course, gray is still the neutral of choice, from dark to light and from warm to bright, this do-everything color is a great base from which to play. But what colors should you use to bring your fall palette to life? Bernadette Schaeffler took a short break from designing her new sofa collection in Italy to tell us what we should look for this fall.
Those smart folks at the New York Times have charted just how much people have moved from state to state since 1900. Why? Because people moving from one state to another bring a lot more than moving vans, kids and baggage — they bring influence and political views that may be polar opposite from native views. (more…)
Finally, someone will maybe actually move in!
This beautiful stone Preston Hollow manor was built in 2007, purchased in 2010 and really, honestly, never lived in. The owners live in a foreign country and bought the home for a “someday escape” to the U.S. that never materialized. So it’s like getting a brand new home that belies it’s seven years plus, of course, a big huge plus: there is a very famous neighbor next door. (more…)
No, we are not done with vacation home week just yet. Don’t think you can afford a beach house? Here’s a cute Florida cottage that is less than half a million dollars, and I think it might be a great investment property. Try 598 Ricker Avenue in Santa Rosa Beach, a retreat from 30A where you find those lovely higher priced beach home communities like Seaside, Watercolor, Alys Beach, Rosemary Beach, and more. (more…)