townhome sales

Condos and townhomes are hot properties in DFW so far this year.

North Texas condo sales increased 3.8 percent year-over-year to 1,536 condo sales during the January to May 2016 timeframe. Townhome sales increased 8.2 percent to 1,019 townhome sales during the same period, according to the 2016 Texas Condominium Mid-Year Sales Report by the Texas Association of Realtors (TAR). DFW is the only major metro in the state where townhome sales increased.

“Many young urban professionals and newly retired baby boomers are buying condos, as they provide an affordable alternative to single-family homes and townhomes,” said Leslie Rouda Smith, chairman of the TAR. “These Millennials and retirees don’t want the upkeep of a traditional, single-family home and want to be close to nightlife and amenities.”

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Hicks Walnut Place

Luxury home sales in Dallas-Fort Worth were hot, according to the latest report from the Texas Association of Realtors.

Demand for high-end dirt in Texas was quite robust in 2015, according to the just-released 2016 Texas Luxury Home Sales Report from the Texas Association of Realtors. Dallas luxury home sales and Fort Worth high-end real estate sales grew by 12.4 percent from January to October 2015, with 1,088 homes priced at $1 million or more selling during the period.

“Texas’ economic prosperity continues to make luxury home sales one of the strongest sectors of the Texas housing market, particularly in the $1 million to $1.5 million range,” said Leslie Rouda Smith, luxury Realtor with Dave Perry-Miller Real Estate and chairman of the Texas Association of Realtors. “In some neighborhoods, the lot alone is well worth $1 million and up.”

Ain’t that the truth! Dallas dirt is getting tremendously expensive, especially in the custom homebuilding market. Buyers and clients should expect the lot purchase to take up a greater share of the budget from now on as land is growing more scarce.

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Kristin Smith, left, and Leslie Smith.

Kristin Smith, left, and Leslie Rouda Smith are mother-daughter Realtors.

Since Mother’s Day, we’ve been talking to mother-daughter Realtors who share a passion for real estate. Today, we’re speaking with Leslie Rouda Smith, a Broker Associate with The Country Connection team at Dave Perry-Miller and Associates, and her daughter Kristin Smith, a Realtor at Dave Perry-Miller’s Park Cities offices.

The two are busy and well-connected! Leslie is the incoming chairman of the board of the Texas Association of Realtors and Kristin is active in the Young Professionals Network (YPN), an entry point for real estate professionals striving to become more successful in their careers and gain leadership experience.

We asked them a few questions about their experience, and what they love about being Realtors.

CandysDirt: How has working in the same career impacted your relationship?

Kristin Smith: As someone who grew up in the business, I’ll say it has impacted our relationship positively since the beginning. My parents made sure we comprehended the benefits of being a Realtor from day one. Be your own boss, create your own schedule, and there is no salary cap. This industry requires structure, discipline, and self-motivation, but I played every sport you can imagine and my parents never missed a game.

Leslie Rouda Smith: I get to talk to Kristin more than I would normally, but I don’t get to see enough of her. We communicate electronically most of the time. State and national conventions, as busy as we are, are our family reunions.

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