medianMay’s home report is in for Dallas, and the median home price is up two percent year-over-year to $260,000, according to statistics from Texas Realtors.

What can you get for the median home price in Dallas? We took a look.

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Oak Cliff

Nowadays, it’s getting harder and harder to hear the Oak Cliff “Oh” — that pause you used to get when you mentioned you lived in Oak Cliff, or wanted to go to Oak Cliff. In the year 2019, Oak Cliff is a highly sought after spot, and while living near Bishop Arts, Kessler Park, and other neighborhoods might be out of your price range, Cedar Crest is a great neighborhood full of charming homes.

We’ve told you about Cedar Crest before — a well-established neighborhood close to downtown, with a busy neighborhood association and the historic Cedar Crest Golf Course. It’s also home to a more affordable pocket of Oak Cliff, as this home at 2207 Alabama Avenue confirms.

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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…)

home

2553 Kathleen Ave., Dallas

Last month, we went on a search to find the cheapest habitable home in Dallas — not only to prove they exist but also to highlight a market that doesn’t get the attention it needs.

And after that story was published, we heard from readers who asked for more. Today, we’re going to take a look at two houses, with one needing a little more spit and shine than the other, but both immediately habitable. (more…)

If it’s Red, full steam ahead; if it’s Yellow, say “hello;” if it’s Blue, you might’ve missed your queue.

Last week, Seth Fowler wrote about a client of his looking for a home in the sub-$200,000 market close to his job in Bedford.  “Ted” had been on a roller coaster of 43 showings and 11 contract offers … still without a home eight months on and counting. In today’s Dallas, it’s a story that’s been accelerating since the housing market began recovering in 2013. While slacking in the upper end of the market, the entry level remains full steam ahead.

Also last week, Alex Macon posted on D Magazine’s Frontburner about the legacy of redlining and a new set of charts overlaying 1930s redline maps against the current racial makeup of Dallas (U.S. Census data).  It’s clear that the 30-year pox of redlining, from the 1930s until 1968, still infects the Dallas landscape (as it does nationwide in many previously redlined areas).

But what’s the reality? I’m going to find out.

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According to ABODO, Dallas' 75216 Zip code is a hotspot for flippers. (Map: Google Maps)

According to ATTOM Data Solutions, Dallas’ 75216 Zip code is a hotspot for flippers. (Map: Google Maps)

Flipping a home is more of an art than a science. While budgets should be a consideration for any real estate investor, creating a home that someone wants to live in so much that they’ll put in an offer above asking price is paramount. But that’s tough in some areas where lot values are skyrocketing and materials costs are through the roof. But more budget-friendly areas, neighborhoods where you can get a lot of house for a little, are becoming more attractive to flippers.

In Dallas, that area is the 75216 Zip code. For the uninitiated, that’s a vast swath of southern Dallas between Interstate 35 East and Interstate 45 just north of Loop 12. Neighborhoods such as Cedar Crest. Interestingly enough, according to Realtor.com there are just 84 single-family homes on the market in this area, and 152 listings total. Seems like a hot area, but that could change because flipping is actually slowing down. At least that’s what ATTOM Data Solutions says.

The company, which calls itself the “curator of the nation’s largest fused property database,” said that the number of homes flipped in the US has actually decreased from the 6-year high reached in the previous quarter. That’s falling from a 5.6 percent flipping rate to 5.1 percent, or from 53,892 flipped homes to 49,305. Flippers buying with cash accounted 67.9 percent, down from 68.2 percent in the previous quarter and down from 69.0 percent in Q3 2015 to the lowest level since Q3 2008 — an eight-year low.

According to ATTOM, a flip is a home sold for the second time in a 12-month stretch. The company surveys more than 950 counties, which comes out to approximately 80 percent of the American population. Let’s see what that looks like in 75216.

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