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Readers,

This is the column that started what would become 99 columns in 2015 (some you’ve not seen yet) for CandysDirt.com.  I’ve been frequently asked how I got started.  It’s simple … revenge!  After attending a particularly egregious HOA meeting, I penned a screed to Candy detailing the insanity of the building I lived in.  Of course she jumped at the chance to “out” some craziness.  By morning, I’d had a rethink about shooting myself in the foot (as you do) and said, perhaps there’s more to me than a one-hit-wonder.  She agreed to give me a shot.

For this first column, I was especially touched by Fabian Hernandez’ comment, “it’s like an accessory you didn’t even know was missing.”

Enjoy.  And here’s to another 99 in 2016!

Jon

 

 

Jon Anderson

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Planned Development District 15

Planned Development District 15

Several sources have overheard that some of the “natives” are getting restless behind the Pink Wall. Specifically that the two neighboring condo buildings at 6307 and 6306 Diamond Head Circle (Royal Orleans and Diplomat) were seeking an agent to market the properties to developers.

One source said a developer (Providence, folks who brought us Preston Hollow Village) had made an offer of $110 per square foot for the Diplomat complex of 14 units sitting on 41,349 square feet of land ($4.55 million). It was rejected as being low-ball. For reference, it’s been rumored that an early Transwestern bid for its on again-off-again-on- again project on the corner was at least 1/3 more.

Tract 4, known as Royal Orleans, with Northwest Highway frontage, has 20-units on 43,994 square feet with underground parking. I am not aware of any bids on this parcel.

Of course, given its high-rise neighbors, Athena and Preston Tower, a developer may think 20-stories is possible. As of today, according to city planners, they’d be wrong … 18 stories wrong. (more…)

Texas Condo Report Mid 2015 Graphic

Condo sales are still brisk compared to last year, but sales have decreased an average of one percent between January and May of 2015, says the Texas Association of Realtors‘ recent report. Using data from the Real Estate Center at Texas A&M University, The 2015 Texas Condominium Mid-Year Sales Report shows that condo and townhome sales are flat or slipping in the four largest markets.

With runaway demand, Austin still leads the price-per-square-foot category, while condo sales actually decreased 12 percent year-over-year in the state capital. Both Dallas and San Antonio posted modest gains of 3 and 6 percent, respectively. Houston condo sales dipped just 1 percent from the same time last year. Jump for more interesting stats.

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The Beat Condos Ext

Modern and affordable, Buzz Lofts in the southern Dallas neighborhood of The Cedars are a popular choice for those who want loft living south of downtown Dallas.

Condos are hot and getting hotter, according to the Texas Condominium Mid-Year Sales Report from the Texas Association of Realtors. Statewide, condo sales rose an average of 10.5 percent year-over-year between the months of January and May of 2014. In San Antonio condo sales were up 18 percent, followed by Austin at 14 percent, Houston at 6 percent and Dallas at 4 percent.

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Party Line Real Estate – Webisode 1 from Party Line on Vimeo.

Hey guys, listen up. I’ve finally got my own TV Show! It’s called Party Line Real Estate, it’s loaded with real-time Real Estate news, and you are going to LOVE IT! 

I LOVE IT when Real Estate agents get together and TALK! After all, it’s Friday. And we know there is no better way to network than at a party with the top agents in town, great food, a little string quartet music, and a Candy Bar! Well, we got a whole camera crew and invited Realtors to have some fun and give me the inside scoop on this crazy market. It was such a success, we are going to have a party and a Candy Bar every month! And you are invited to come and share!

PartyLine Museum Tower Candy bar

The “Candy Bar” at Museum Tower
 

The Party Line is exactly what happens when we gather at a fantastic listing, network, and share who’s selling what, the hottest ‘hoods, best builders and what’s coming up. Want to know how the stars of Real Estate sell those mega homes? We’ve got a camera rolling, so you can find out!

Here’s our very first Party, at beautiful Museum Tower, in the heart of Dallas’ vibrant Arts District. Dallas’ high-rise neighborhoods saw a 36.4 % increase in the number of units sold and almost a fifty percent increase in volume last year. Yee haw!

Photo Feb 26, 5 20 56 PMThe other “Candy Bar”
 

Museum Tower today, but where will we party tomorrow? Maybe a beautiful home in Highland Park, Preston Hollow or Allen. Maybe we’ll head up to Craig Ranch or Light Farms.  I want to thank all the agents who came in from all over — Joan Eleazer, Mark Cain, Caroline Summers, Kyle Crews, Jonathan Rosen, Joe Kobell, Kyle Rovinsky, Missy Wohr, Clay Stapp, Tom Hughes, Molly Malone, Becky Frey, Pogir, David Maez and Tom Branch who drove in all the way from Plano, for coming to my party! Yeah, Phillip Day came in from the Bahamas, just for me.

What are they doing, saying, selling? Are they behaving? We hope NOT!

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Party Line Real Estate – Webisode 1 from Party Line on Vimeo.

Hey guys, listen up. I’ve finally got my own TV Show! It’s called Party Line Real Estate, it’s loaded with real-time Real Estate news, and you are going to LOVE IT! 

I LOVE IT when Real Estate agents get together and TALK! After all, it’s Friday. And we know there is no better way to network than at a party with the top agents in town, great food, a little string quartet music, and a Candy Bar! Well, we got a whole camera crew and invited Realtors to have some fun and give me the inside scoop on this crazy market. It was such a success, we are going to have a party and a Candy Bar every month! And you are invited to come and share!

PartyLine Museum Tower Candy bar

The “Candy Bar” at Museum Tower
 

The Party Line is exactly what happens when we gather at a fantastic listing, network, and share who’s selling what, the hottest ‘hoods, best builders and what’s coming up. Want to know how the stars of Real Estate sell those mega homes? We’ve got a camera rolling, so you can find out!

Here’s our very first Party, at beautiful Museum Tower, in the heart of Dallas’ vibrant Arts District. Dallas’ high-rise neighborhoods saw a 36.4 % increase in the number of units sold and almost a fifty percent increase in volume last year. Yee haw!

Photo Feb 26, 5 20 56 PMThe other “Candy Bar”
 

Museum Tower today, but where will we party tomorrow? Maybe a beautiful home in Highland Park, Preston Hollow or Allen. Maybe we’ll head up to Craig Ranch or Light Farms.  I want to thank all the agents who came in from all over — Joan Eleazer, Mark Cain, Caroline Summers, Kyle Crews, Jonathan Rosen, Joe Kobell, Kyle Rovinsky, Missy Wohr, Clay Stapp, Tom Hughes, Molly Malone, Becky Frey, Pogir, David Maez and Tom Branch who drove in all the way from Plano, for coming to my party! Yeah, Phillip Day came in from the Bahamas, just for me.

What are they doing, saying, selling? Are they behaving? We hope NOT!

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Lance Armstrong Lake Austin

We knew 2013 was a banner year for Dallas Realtors as our market pulled itself up by its bootstraps and posted post-recession growth that amazed even the most seasoned brokers. But according to research from the Real Estate Center at Texas A&M University, the market posted year-over-year numbers that showed Texas flexing its economic muscles like never before.

Numbers are up across most demographics, with condo sales, luxury sales, and investment properties getting snatched up at record paces.

“The Texas real estate market showed strength in sales volume and price all year long and the fourth quarter was no exception,” said Texas Association of Realtors chairman Dan Hatfield. “We’ve now seen year-over-year increases in both sales volume and price every quarter for more than two years. This makes it clear – demand for Texas homes is strong and enduring.”

We agree, as the Texas tech industry continues to boom in Austin, pushing up prices and demand reminiscent of the Bay Area’s unfettered growth. High salaries and limited inventories — the statewide numbers show a precipitous drop to a 3.6-month supply of homes (6.5 is recommended for balance between supply and demand) — have resulted in huge price increases. But, as Candy pointed out, not all growth is good for everyone. As prices increase, housing affordability decreases, pushing out lower wage earners.

But Austin’s growth isn’t isolated, as every metropolitan area in Texas posted sales volume and price increases in the fourth quarter of 2013. According to the report, 60,998 single-family homes were sold in the state during the fourth quarter — 6.78 percent more than fourth quarter 2012. Median home prices increased 8.48 percent from fourth quarter 2012 to $172,600, and the average home price was a whopping $226,216 — up 8.88 percent from Q4 2012.

Real Estate Center economist Jim Gaines Ph.D. explained: “One thing that is notable about the price increases seen in the fourth quarter is that they are relatively consistent across the state. Those increases are being seen in markets of every size, not just in the largest Texas markets, so that indicates broad-based appreciation for Texas real estate.”

“Demand for Texas homes in 2014 should continue, but it’s possible that a shortage of inventory could inhibit sales volumes,” Gaines added. “The steady price increases we’ve seen recently should help alleviate that, enticing more sellers into the market, but buyers should continue to expect to compete for desirable properties.”

Interesting outlook for 2014. What do you think? Will the growth price-wise lure more sellers to the market?

Vallera Building

Living inside 635 makes perfect sense for the under 40 set, especially considering how kid-friendly many neighborhoods are becoming as homebuyers are choosing to live closer to work, shopping, and amenities. For a low-maintenance lifestyle that allows you to lock and leave while not skirting amenities, this great unit inside the Vallera Condominiums is the perfect choice.

Holland Avenue Living

With two bedrooms, two baths, and more than 1,300 square feet, this condo is great for a young couple, or even a young family who wants to be close to arts and culture inside one of Dallas’ most walkable neighborhoods. Unit 107 at 3818 Holland Avenue is marketed by Hailey Hunt-Wagstaff of Dave Perry-Miller InTown for a reduced $274,900. thats a fabulous price considering the location and upgrades inside this unit. HOA dues are a reasonable $255, too.

Holland Avenue Entry

The first thing you’ll notice when you walk in this unit is the hardwood floors, which span all the way to the French doors to the balcony. The dark-hued wood really makes the moulding and lovely neutral paint pop. The unit is fantastically open — great for having friends over — and features a gorgeous kitchen with beautiful honey-colored cabinets, granite counters, tumbled stone backsplash, and plenty of lighting. Of course, you’ll find stainless steel appliances, including a wine cooler.

Holland Avenue Kitchen

The master suite is a great size, and has a perfect tone of grey on the walls, which is just a shade off from the carpet. I am not a lover of carpet in most cases, but in condos, I change my tune. Considering the fact that you’re not constantly tramping in and out, carpet inside a condo is a great idea to make the space feel more cozy and personal. And if you’re not a fan of what’s already there, it’s pretty inexpensive to replace.

Holland Avenue Master

The master bath is really lovely and just drenched in stone. It’s a five-piece affair with a generous-sized shower, a soaking tub, and a very nice vanity. The plain, frameless mirror is a bit boring, but if you’ve staked out Pintrest as much as I have, then surely you know that it’s a snap to add a frame around it.

Holland Avenue Master Bath 2 Holland Avenue Master Bath

I think what surprises me the most about this unit is the value. With a location like this and upgrades that many first-time homebuyers are looking for, this unit is a great place for someone looking to simplify inside the loop.

Holland Avenue Balcony