It’s hard for me to believe how increasingly popular Far East Dallas has become. When my husband and I bought our home in Casa View back in 2007, the area was mostly rentals and a few families scattered here and there, with a lot of homes falling behind on repairs due to elderly neighbors. In many cases, the homes we were shown by our agent fit into one of two categories: they were either complete single-owner time capsules with faded wallpaper and pock-marked Formica countertops or they were overly worn rentals with a random amalgamation of hodge-podge “updates.”

In today’s market, Far East Dallas is shining bright, with some great houses that have received love and attention over the past decade, and with many more areas farther east looking more and more attractive. That’s my impression of our Inwood National Bank Home of the Week. This Spanish Revival-style Ranch is in move-in ready shape, complete with a garage conversion and two shaded patios in the backyard. 

“The home is in immaculate condition and has a great layout,” said listing agent and broker Delia Sifuentes. And it’s priced perfectly for a family, too!

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Home prices in North Texas broke more records last month, according to reports. Properties in Far East Dallas are selling for close to $300K in some cases, such as this one at 2031 Housley in Casa View, which is listed for $279,000.

Far East Dallas is swarming teeming with work trucks as investors, eager to catch the wave of demand within inner-loop neighborhoods, remodel homes on these close-quartered blocks. But even with all of the flippers tacking up new drywall and painting these post-war ranches varying shades of gray, supply of move-in ready homes hasn’t kept up with demand. Because of these market dynamics — the Dallas-Fort Worth-Arlington metro area’s net population growth is at about 974,000 new residents since 2010 — prices are surging, breaking new records.

Of course, one can’t help but wonder if this breakaway price growth could mean that a bubble is about to burst …

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