1608 Dowling Drive Irv extONLY $1,050,000 to live in the former, totally fabulously renovated Cottonwood Valley home of one of the most cherished starting quarterbacks in America, Tony Romo and his beautiful wife, Candice! This home will be gone by Friday.

1608 Dowling Drive, Irving.

You get a private, gated community, a beefed up security system, Candice’s deftly creative hand at interior design, and the Four Seasons Hotel and Resort a short jog or golf cart ride away (there is a tunnel under MacArthur). The Four Seasons is always alive with activity, be it fireworks on the fourth of July, carnivals, bands, the family pool with white sand beach, sports plus fabulous food and restaurants.

Lots of local celebs live in the area. Across MacArthur is the exclusive Enclave, surrounded by the world-famous TPC at the Four Seasons. This is where DeMarcus Ware and Derrick Holland call home. Cottonwood Valley also has its own golf course for residents, and the Four Seasons manages both so if you are a member at the Four Seasons, you can play both courses.

I mean, this house ought to be as easy to sell as a slice of mom’s apple pie!

Know that this was definitely a bachelor pad house before Tony married Candice Crawford back in 2011. She had told me they were moving into the Cottonwood Valley home, but that she would be doing some re-decorating.

And boy oh boy, did she!Dowling Drive overview (more…)

Local Market Monitor February

The Local Market Monitor Report for the Dallas, Plano, and Irving areas calls the real estate market “Low Risk.” This is echoing what we’ve heard since November — prices are up, homes are on the market for a 30 to 60 days, inventory is low.

The report forecasts a 3 percent increase in home values over the next twelve months, and says the recession is pretty much over for our area, as jobs are growing, too, thanks to our large finance sector. So there are fewer homes on the market, more demand for homes, and a job growth rate that is almost twice the national rate …

 

That got me wondering. In some areas, I’m seeing the same signs in the same front yards that have been there for months. If the market has such awesome momentum, why aren’t some of these perfectly fine homes in an otherwise great area not selling?

Take this cute, well-preserved midcentury modern in the Ash Creek area of East Dallas. We’ve said (pretty much ad nauseum) that this area has amazing momentum and is growing like gangbusters. Still, this steal of a deal isn’t selling. I wonder why?

What do you think? Are buyers being more picky than normal despite the low inventory? What are you seeing buyers turn their noses up at?

 

 

Local Market Monitor February

The Local Market Monitor Report for the Dallas, Plano, and Irving areas calls the real estate market “Low Risk.” This is echoing what we’ve heard since November — prices are up, homes are on the market for a 30 to 60 days, inventory is low.

The report forecasts a 3 percent increase in home values over the next twelve months, and says the recession is pretty much over for our area, as jobs are growing, too, thanks to our large finance sector. So there are fewer homes on the market, more demand for homes, and a job growth rate that is almost twice the national rate …

 

That got me wondering. In some areas, I’m seeing the same signs in the same front yards that have been there for months. If the market has such awesome momentum, why aren’t some of these perfectly fine homes in an otherwise great area not selling?

Take this cute, well-preserved midcentury modern in the Ash Creek area of East Dallas. We’ve said (pretty much ad nauseum) that this area has amazing momentum and is growing like gangbusters. Still, this steal of a deal isn’t selling. I wonder why?

What do you think? Are buyers being more picky than normal despite the low inventory? What are you seeing buyers turn their noses up at?