GarlandWhen we look for that magical turnkey home in the $100,000 to $199,999 price point for the Weekend One Hundred, sometimes it’s like searching for a unicorn. But today’s property is not only turnkey, it’s close to downtown Garland in the established neighborhood of Park Groves.

Yes, this Midcentury Cottage is a three-bedroom, one bath, but it makes an excellent home for a first-time buyer, and can even see you through getting married, having a kiddo, and even elementary school.

Located at 1500 Hilltop Drive, this listing is also very new — as in, it’s not even been on the market a full 24 hours. It sits on a 9,104 square foot lot, too, which means that with some clever configuring and a great architect and contractor, you could probably even finagle a second bathroom, potentially turning one of the bedrooms into a master suite. (more…)

Five of the top 25 cities for home value appreciation are in Texas, but where does Dallas fall? Where does the state fall when it comes to affordability? And how many Texans (and Dallasites) can afford the median home price?
We have all this in this week’s roundup of real estate news.

Texas Leads Pack in Home Value Appreciation — Where Is Dallas?

An analysis by Forbes revealed that of the top 25 cities in the country where home values are still rising, five are in Texas. (more…)

affordable

Nearly 700 builders from across the nation converged on Capitol Hill in June for NAHB’s 2019 Legislative Conference to urge lawmakers to pass policies that will support building quality, affordable housing (Photo courtesy NAHB).

From the National Association of Home Builders

As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, builders are urging Congress to address America’s housing affordability challenges.

“Removing regulatory barriers that contribute to the increased costs of housing will pave the way to homeownership,” said National Association of Home Builders (NAHB) Chairman Greg Ugalde, a builder and developer from Torrington, Conn. “Home builders and the residential construction community are committed to working with Congress to ensure homeownership is within reach of hard-working families.” (more…)

mothballed

A vestibule at the Douglass at Page Woodson, which recently won a prestigious preservation award after developers turned into a long-abandoned Oklahoma City high school into affordable housing (Photo by Justin Clemons Photography/courtesy the National Trust for Historic Preservation)

Three Dallas ISD schools — shuttered for years, are now up for sale, the district announced last month. It’s uncertain how much they’ll go for in the competitive, sealed bidding process, but one of the mothballed schools — Phillis Wheatley Elementary — is considered to be a historic site.

That the three schools are up for sale is likely no surprise to anyone who paid attention to last September’s board of trustees meeting, where the trustees took up discussion of what to do with three shuttered campuses – the former Billy Earl Dade building, Pearl C. Anderson Elementary, and Phillis Wheatley Elementary. Both Wheatley and Anderson were closed in 2012, and both have been the target of vandals as well.

Wheatley Elementary (Photos courtesy City of Dallas)

Wheatley Elementary opened in 1929, and sits in the historic Wheatley Place neighborhood, named after Phillis Wheatley, an African-American poet from the 18th century. The entire neighborhood has been designated as a historic district on the National Register of Historic Places (NRHP) and as a Dallas Landmark District by the city. (more…)

Cedar CrestDays on market for move-in ready homes in the $100,000 to $200,000 range around North Texas are tiny little pockets of time, blink-and-you’ll-miss-them openings. So when this Cedar Crest cutie landed in our inbox this week, we knew it was our next Weekend One Hundred.

And we also know you should probably shake a leg if you’re looking for something in that price range — Cedar Crest is a great neighborhood full of charming homes.

A well-established neighborhood close to downtown with a bustling neighborhood association and the Cedar Crest Golf Course, which hosted the first PGA tour in 1927.

“For decades the Cedar Crest neighbors have demonstrated pride in home ownership, which is discernible by many of the uniquely designed custom built homes,” the association’s website said. “The community is well noted for community and political involvement and has produced many business owners, educators, and dignitaries.” (more…)

cedar crestSometimes you flip through listings and a house just … stands out — like this funky Cedar Crest home with a fun facade and a well-updated interior with a price point that will make some family very, very happy.

Unfamiliar with Cedar Crest? We’ve written about listings in the charming neighborhood before, but for the uninitiated, Cedar Crest is a well-established neighborhood in Dallas that is, we think, a hidden gem. Close to downtown (in fact, you can see the skyline from many points in the neighborhood), the community also boasts a very busy neighborhood association, and is home to the Cedar Crest Golf Course, which hosted the first PGA Tour in 1927.

You can even see a great tour of the golf course here.

“For decades the Cedar Crest neighbors have demonstrated pride in home ownership, which is discernible by many of the uniquely designed custom built homes,” the association’s website said. “The community is well noted for community and political involvement and has produced many business owners, educators and dignitaries.” (more…)

Dallas proper posted moderate rent increases, but it was the area suburbs and exburbs that saw the biggest apartment rents in 2018, RentCafe revealed in a recent report.

Flower Mound posted the highest rent at $1,526 (despite only having a minimal increase of 0.1 percent), higher than Farmers Branch and Frisco with average rents of $1,382 and $1,343, respectively. In Coppell, rents have stagnated, decreasing by 1 percent year over year. (more…)

first-time buyerIf it feels like it’s tough to find a great house for a budget-friendly, first-time buyer price under $250,000, it’s not your imagination — it’s getting harder and harder to find a move-in ready, single family home for less than $250,000 in the Dallas area.

We’ve even written about the phenomenon a few times. And while some price points are beginning to see an increase in inventory, that $200,000 range are still sitting at much less than two months.

So when we saw Katie Apperson with Real Estate Reformation post this adorable blue home in Crest Ridge Estates in Garland for $206,000 on Facebook last week, we had to pump her for some details.

I mean, you couldn’t miss that blue. (more…)