Seventies contemporary

The 1970s were more than just swinging, they were also a decade of action, invention, and creativity. It’s the decade that brought us Microsoft, Apple, the first jumbo jet, video game, cell phone, and some decidedly non-cookie-cutter homes. Our Saturday Seven Hundred at 10801 Branch Oaks Circle is a 1970s contemporary that is an excellent example of how architectural boundaries were being broken in 1976 — and by a female builder.

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Make a Splash for Summer at These Three Ebby Halliday-Repped Homes | CandysDirt.com

With summer temperatures soaring in North Texas, spending time in the pool sounds better than ever. But not any old pool will do. 

I’ve found four spectacular properties represented by Ebby Halliday Realtors that exemplify some of the best outdoor living you can buy in DFW. These are sure to make a splash, whether it’s for a pool party or low-key lounging! 

 

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English Tudor Revival

Let’s talk hot property, shall we? This gorgeous Highland Park English Tudor revival at 4814 Saint Johns Drive hit the market for $4.9 million last Friday. Our Monday Morning Millionaire is everything you could ever want in a home, and you simply cannot ask for a better location!

The English Tudor revival style evokes a sense of gracious living, and tradition. When you can find an original like this one that’s been seamlessly renovated and expanded, well you’ve hit the jackpot because they are rarely available.

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french transitional

Oh boy! I’ve got a very first look for you at a French Transitional spec home in the heart of Preston Hollow.

Located at 6019 Prestonshire Rd., this beauty is designed by Richard Drummond Davis and built by Colby Craig, a talented young builder creating dynamic homes in the area. Colby is a third-generation builder with Created by CASON. The attention to detail throughout this property is just amazing.

In fact, I could just move right in!

The home is 7,596 square feet, but it doesn’t feel huge — it feels just right for family, entertaining and making truly beautiful memories. The exterior is pure Austin stone with large windows on a hefty 100-by-188 lot near Walnut Hill Lane and Preston Road. There are five spacious bedrooms, six full bathrooms, two half bathrooms, a media room with kitchen, elevator, three-car garage, and a huge covered patio with fireplace and kitchen, perfect for outdoor living. Really, what else can you possibly need? There are flex spaces and formals and more storage than an airport hanger.

It just was completed in June and is listed by Kay Weeks and Danielle Brasher with Ebby Halliday Realtors for $2.495 million.

“It’s a gorgeous home,” said Weeks. “I’ve represented Colby for about three years now and he is appealing to today’s buyer, using the finest materials and creating open floor plans, nice outdoor living areas, huge closets, wonderful millwork and perfect spaces for entertaining. You really have to see this French Transitional home to believe it — it’s just marvelous.”

I got an advance tour with Colby and Danielle I can’t wait to share with you! Come look at 6019 Prestonshire, and I will point out all the thoughtful details that make this home so very unique like … one for red, one for white, and one for champagne … ha ha come see:

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ebby halliday home tour

The home at 4626 Dorset Rd. is one of 11 marvelous properties on the Ebby Halliday Home Tour this Sunday. This home is open from 2-4 p.m.

In the pantheon of tony Dallas neighborhoods, Preston Hollow stands out as one of the most beloved. It features tree-lined streets, a variety of architecturally significant homes, and easy access to well-known public and private schools. In addition, Preston Hollow is only minutes from both the central business and arts districts.

Many famous Dallasites make their homes here, such as President George W. Bush, Mark Cuban, Andy Beal, and former mayor Laura Miller.

“Part of the draw is the stunning collection of properties in Preston Hollow, from ultra-luxury Mediterraneans to chic clean-lined contemporary homes,” said Keith Newman, sales manager at Ebby Halliday’s Little White House. “Buyers have such a range of options here, and they’re high-end properties with a lot of stand-out amenities.”

Ebby Halliday Realtors is pleased to have the opportunity to show 11 incredible Preston Hollow homes on the market now. To showcase these standout properties, the Preston Center office and Ebby’s Little White House have created a home tour Sunday for the public.

“Ebby Halliday knows Preston Hollow and we’ve collaborated for decades with homeowners there to feature their properties in the best light and bring in lots of interested buyers,” said Ginger Gill, sales manager for Ebby’s Preston Center Office. “For buyers, our associates offer extensive expertise of the neighborhood—they know Preston Hollow intimately and can share that knowledge with them.”

Home tour times are staggered between 1 and 5 p.m. so buyers have the most time to visit these stunning properties.

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The Park Cities home at 12101 Madeleine Cir. is one of five we're featuring in our open-house roundup this week.

The Park Cities home at 12101 Madeleine Cir. is one of five we’re featuring in our open-house roundup this week.

The Dallas housing market this week offers some particularly beautiful homes, many of which have open houses this weekend.

We’ve rounded up five that would make for a great visit. They range in price from $217,000 to $949,000, and include everything from a stately traditional Prairie in Munger Place to a Lakewood Contemporary by Durham Builders. Let us know what you think of our choices, and if you know of any we should feature next week!

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NB_23aikmanhouseWell we cannot blame this one on the Republicans: the Dallas real estate market, which had been in a heated frenzy ever since about January 2, has finally cooled heels a bit. It started on Labor Day, Ebby agent Kay Weeks told Steve Brown, when higher mortgage rates and economic uncertainties cooled the market as much as we all grabbed jackets this week for the first time.

We know sales of pre-owned homes in Dallas are up more than 20 percent this year. Prices in many neighborhoods have jumped by double-digits. Troy Aikman sold his home on Highland Drive to Michel and Tiffany Moreno, bought a home on Normandy and then just picked up a tear-down on St. Johns.

3801 NormandyTroy Aikman St. JohnsLike I said, everyone was buying houses.

But now agents say that looney, frenzied pace that kept them rolling from closing to closing has chilled somewhat.

“We have seen it really since Labor Day,” said Kay Weeks, a top sales agent for Dallas’ Ebby Halliday Realtors. “We are not seeing the open floodgates of business we have experienced from January to July.

“It’s become a much more reasonable market, and more normal.”

Weeks said real estate agents in the Dallas area have plenty of business and the market is strong.

“We are still getting multiple offers if a home is priced right,” she said.

There are fewer buyers looking, and listings are taking longer to sell. Or, perhaps I should say, selling in a more normal amount of time.

Lusting for Listings

Inventory is still at about 1.5 ish months in most parts of town, while total pre-owned single-family home listings in North Texas were 14 percent lower this September than they were last, this from the Real Estate Center at Texas A&M University.

Joan Eleazer of Briggs Freeman Sotheby’s International Realty, told Steve that inventory is still a big issue, but she expects a strong fall and winter market.

“We just sold two really big properties in the Park Cities,” she said. “The buyers are still out there paying cash.”

Cash, yes, and a lot of homes are still moving without ever hitting MLS.

Is The Sweet Sale Hot Spot Gone?

Many sellers want to know the best time to sell, of course, and want to jump in at the perfect time. Mortgage rates are still low by historic standards, even though they have jumped about a point from last year. And they may go up — I will be at Forecast 2014 and let you know what the experts think. We have heard from the guys at Texas A&M that this would happen, the market would temper off. Personally, I do not think that is a bad thing.

First of all, values have bubbled up from the Park Cities to Preston Hollow and Lakewood, still one of the hottest ‘hoods in town. Last CoreLogic report had us up 10% YOY. There is nothing wrong with a less frenzied market as long as those values stay strong. Values should hold because there isn’t that much inventory. Land prices in the Park Cities continue to wow, and builders are alive again. Interestingly, I was in Southlake today and out of 10,000 homes in a community of 26,000 people, only 152 homes are for sale.

“I have heard that the hotness factor may have eased a bit since the summer,” said D’Ann Petersen, an economist with the Federal Reserve Bank of Dallas. “I think it could be partly seasonal, but I do think that is more normal for North Texas.

“A less hot market is not a bad thing,” she said. “North Texas is benefiting from good job growth, population growth, and both our housing and apartment markets are healthy.”

Would you rather market your house now, when values are up, against less competition, or market it when the rest of the herd is selling?