List a Home at Sunrise, Sell it by Sunset: The New Dallas Real Estate Story

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As I told you, Dallas homes are selling like hotcakes. What is it about this market, and when did this start? Had lunch with Carol Blair up in Addison Circle today — stay tuned for the neat stuff she and her office are doing — and we were scratching our heads: just when did this market get so hot? Was it January? Interest rates didn’t change — been low, still low. Inventory is down. Banks still morons about lending. Maybe it’s that old truth: when there is less of anything, it seems more people want it!

Then Jan Baldwin emails me to tell me she read my post, and get this: she listed this home,  11440 St. Michaels Drive, at 8 a.m. Here, I’ll let her tell the story:

I sent out a buzz to my office @ 8 am, showing @ 10, offer by 2, under contract by 6 pm….so maybe just a tad of poetic license, but went under contract 10 days before it was to in MLS for more than list price! Never even had to photograph it!!!!!

Carol said things are also busy busy in Addison. So there you have it — hot market, hip pocket sales, homes selling in 24 hours or less, certainly going under contract that way.

This keeps up, experts tell us we will start to see more appreciation… and appreciation!

 

 

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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