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…)

Karel Schweitzer returns Ebby Halliday Realtors after three years with Coldwell Banker Global Luxury Dallas.  She will be based in the Flower Mound/Lewisville office.

“For me it was a good time to move forward in a different direction,” Schweitzer said. “I’m kind of going back home again.”

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On the north shores of Grapevine Lake, I’ve discovered an elegant Flower Mound waterfront home sitting on just over 1 acre. This beauty was recently reimagined and we’re going to be there July 14!  

Earlier this week, I wrote about the first property of our progressive staff party, the massive Chateau Du Lac mansion at 5905 Giverny. Now it’s time to talk about the second fabulous house, just 1.6 miles away. 

Located at 1200 Noble Way, this rare find will be offered at auction next month with no reserve by Elite Auctions. It is entirely updated with an on-trend color palette and transitional feel. It offers 7,993 square feet on two stories with a four-car garage, five bedrooms, five living areas, hardwood floors throughout, and over 5,000 square feet of outdoor living that feel like a resort. There’s even a six-hole golf green with three tee area and sand trap. 

Our staff party will take place from 1 to 4 p.m. on Saturday, July 14, and you can RSVP here. In the meantime, let’s take a look.

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Exquisite Chateau Du Lac Mansion Will Host Next CandysDirt.com Staff Party | CandysDirt.com

If you’re ready to have your jaw hit the floor, make plans for our next CandysDirt.com Staff Party on July 14. It will be a progressive affair looking at two exquisite properties and today, I want to show you the first, a massive Chateau Du Lac mansion in Flower Mound. 

Located at 5905 Giverny, this 14,906-square-foot manse sits on 8.34 acres, walking distance to Grapevine Lake. The gated homesite offers the utmost privacy and security while also affording the homeowner multiple lifestyle and entertainment options, including the ability to have both a helipad and horses!

Some of the features — and I could go on and on — include a ten-car garage, eight beautifully appointed bedrooms, a wine cellar that doubles as safe room, two full kitchens, a dining hall that can accommodate 28, and a pond with a well house and mill. 

Our staff party will take place from 1 to 4 p.m. on Saturday, July 14, and you can RSVP here. I’ll have another post on the second property later this week. In the meantime, you’ve got to see this one! 

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Frisco was named the best city for raising a family, closely followed by Allen, and Southlake as part of a new 2018 “best Texas cities” list, ranking the best and worst Texas cities for families. Wallethub, a D.C.-based personal finance site, compiled the new June 2018 report that ranked the 117 largest cities in Texas based on family life, fun, education, health and safety, affordability and socioeconomic environment.

What makes a city good for raising a family? Plenty of attractions such as museums and theaters, a quality school system, high graduation rates, number of playgrounds per 100,000 residents and a whole lot of pediatricians were all factors that Wallethub took into account when it named the best Texas cities for families.

While the weighted scores and rankings provide a holistic view of cities, a look at the raw data we requested provides some interesting headlines as well. Missing from the list is Highland Park, which did not rank among the largest cities in Wallethub’s data.

Eagles vs. Dragons

Turning to education, Allen had the number one highest graduation rate in Texas – 96.6 percent, according to Wallethub’s data. Frisco, the overall number one, has a 91.8 percent graduation rate, and Southlake, overall number three on the list, had a 87.3 percent graduation rate, according to Wallethub. (more…)

Training Room KW

That’s a lot of seats, but I’m told each and every one will be filled up in Flower Mound when I spend a few hours chatting at the KW Office Kickoff Meeting that will be held at KW’s Flower Mound home on January 12th, this Thursday. 

Pam Cottrell

Pam Cottrell

Team leaders Anne Lakusta  and Pam Cottrell booked me several weeks ago to talk and inspire about all things real estate at the first meeting of the year with more than 200 agents present!  

My agenda: trends, hot news, gossip. Where our market is headed. So easy, so fun.

Super duper hope to see you there!

RhodesTeam_2016_small

With a purchase price rumored (but not substantiated) to be in the seven figures, Berkshire Hathaway HomeServices PenFed Realty Texas has purchased a Flower Mound powerhouse agent and associates, all formerly of Keller Williams’s Preston Road office in Plano.

Russell Rhodes, one of the five top producing Keller Williams agents in the world for the last ten years, his 15 associate agents and 12 administrators, are now a part of the Berkshire Hathaway HomeServices brand.

Rhodes’ Dallas-Fort Worth based team generated $196 million in sales volume last year. 

Here is an example of how hard charging the Rhodes team is: of the 526 homes they sold last year throughout the DFW Metroplex, 322 were repeat client or past client referrals to Russell and his team.

To put this in another perspective, it would take a sweet deal to leave Keller Williams when you are pumping out that kind of sales volume. Which the Rhodes team apparently got. Keller Williams is known as having one of the most generous splits — that is, sharing of the commission with the broker — in the business. Every agent starts on a 70/30 split: 70% for the agent, 30% for Keller Williams. But by the time your 30% to KW reaches a certain level (about $23K in Dallas), you are “capped” and you get to keep 100% of your commission for the remainder of your fiscal year. With $196 million in sales, the Rhodes team met their cap way back during covered wagon days. Thus Rhodes left a 100% commission structure with Keller Williams to join Berkshire Hathaway Home Services PenFed.

Please note, Berkshire Hathaway HomeServices PenFed is NOT the same group that bought out Allie Beth Allman & Associates last year. It is like a cousin. The BHHS PenFed Realty is a franchise of Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, and is a wholly owned subsidiary of Pentagon Federal Credit Union, the third largest credit union in the US. (USAA is a competitor.) Previously an affiliate of the Prudential Real Estate network, the company changed its affiliation to Berkshire Hathaway HomeServices in November, 2014.” 

PenFed + Berkshire Hathaway Home Services merged financial services (PenFed) and the suite of online tools, agent support services and highly regarded brand that Berkshire Hathaway had in the bag.  The company has grown its annual sales volume to $3.8 billion with 1,700 sales agent and 50+ offices, providing complete real estate services nationwide.

Russell_Rhodes_small

“We’ve been watching the Berkshire Hathaway HomeServices brand and are impressed by its business principles and core values, which are closely aligned with our own,” Rhodes told me. “For me this is a double win, aligning with a company that is so strong in relocation. The $20 billion PenFed Credit Union based in Washington is growing, and will continue to grow through the real estate agent network. PenFed Realty’s growth has been phenomenal, and we want to be a part of it.”

Still, why leave that generous split with KW? Relocation expertise + juicy client perks = more clients than ever. (more…)

4504 Tour 18 FM ext

Surely you have read the blog, “McMansion Hell”? If not, here you go. The author (who must be an architect) says

McMansion Hell aims to educate the masses about architectural concepts, urban planning, environmentalism and history by making examples out of the places we love to hate the most: the suburbs.

By alternating comedy-oriented takedowns of individual houses with weekly informative essays about urbanism, architecture, sociology, and interior design, McMansionHell hopes to open readers’ eyes to the world around them, and inspire them to make it a better one.

We understand. (We also think he’s kind of snarky.) But we also hope McMansion Hell doesn’t look too closely at North Texas. The home they chose to rip apart recently is 4504 Tour 18 Drive in Flower Mound for $829,900. It’s listed with Jim Streigel of Coldwell Banker. Listing date: 3/16/2016. It was built in 1994, is on 2 acres in a golf course community, and the price has already been reduced to $829,000 from $939,900. Wow. High hopes.

But really, honestly, what does a real estate agent do with stuff like this???4504 Tour 18 doorway (more…)