Dallas rent prices took a small dip in a recently-released report for October, Mesquite breaks ground on a new mixed-use community, and Southern Gateway deck park moves forward, all in this week’s roundup of real estate news.

Dallas rent prices took a small dip in a recently-released report for October, Mesquite breaks ground on a new mixed-use community, and the Southern Gateway deck park moves forward, all in this week’s roundup of real estate news.

Dallas Rent Prices Decline Slightly This Month

A very slight decrease in Dallas rents was reported for the month of October, but don’t get too excited. Numerous figures and comparisons are compiled – and this good news is just for the month. Overall annual numbers show rent is on the rise in Dallas and just about everywhere else.

Rent growth, median prices, and market trends are tracked monthly by Apartmentlist.com, whose report for October shows the following local data:

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7110 Cliffdale Avenue

If you aren’t familiar with the El Tivoli Place neighborhood, you’re not alone. Touted as a hidden North Oak Cliff treasure, the neighborhood epitomizes the saying that “big things come in small packages.”

El Tivoli Place is big on beauty, charm, life, and style. Despite its proximity to downtown Dallas, the neighborhood maintains a quiet, serene vibe characterized by rolling hills, creeks, winding streets, and old-growth trees. And the history of El Tivoli Place is every bit as colorful as the tapestry of native spring flowers growing throughout the area.

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Everyone who falls in love with Swiss Avenue’s gorgeous historic homes, should take note: Opportunity awaits on South Boulevard. Our columnist, Jon Anderson, has waxed about the historic South Boulevard-Park Row neighborhood in South Dallas. Once an enclave of Jewish families, this area fell on hard times several decades back. However, resurgence is just around the corner thanks to some TLC from homeowners.

Now this sweet 1931-built Tudor, complete with beautiful roof, adorable arched windows and doors, and lovely brick facade at 2601 South Blvd. is on the market as is. The home has four bedrooms, three bathrooms, and 4,296 square feet. For comparison’s sake, a similarly sized home in the Swiss Avenue Historic District will cost you around three times the asking price of this historic property, which is listed for an eye-popping $375,000.

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fair parkToday’s Dallas Under $100,000 is in the Fair Park area, and is an example of how the smallest, cheapest things can help sell a house.

The home we’re looking at this week is at 3815 Wilder Street, about 10 minutes from Fair Park. Built in 1927, this home has been on the market one day, and has three bedrooms and one bathroom. (more…)

Toot-toot! End of the line! I have been riding myself ragged up and down DART’s Blue and Green lines in Southern Dallas for our Southern Dallas Buyer’s Guide. My goal was to see what kind of housing and neighborhoods are out there for those wanting a home close to the city without the North Dallas price tags.  Some neighborhoods are rougher than others, but many were surprisingly vibrant and full of housing stock many would recognize from more talked-about areas … near the Zoo might as well be called East Oak Cliff.  Of course, if you’re a renovator, there are cheap as sin gems in the rough awaiting new life.  Equally surprising (and a little saddening) were the number of new builds that are stylistically more at home in an exurb tract development. Sure, they’re better than an empty lot, but they hardly blend into the neighborhood (doubly true when they knock down old-growth trees in the process).

This last installment focuses on the area south and west of Fair Park serviced by the Hatcher, MLK, and Fair Park stations.  It seems like a large area (and it is), but there’s not a lot of homes for sale here.  I suspect the never-ending breath-holding for Fair Park’s revival plays some part in this.  But these days, it’s not only Fair Park that could drive a renaissance here …

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Lawnview Station at top center, right

Looking at the maps, you may wonder what all the empty space is south of the Lawnview station. You wonder why the DART Green Line swings around this patch from the Lake June Station to reach Lawnview. At least that’s what this former Chicagoan was wondering before visiting the area.  Dallasites probably know it as being part of the Great Trinity Forest where White Rock Creek meets the Trinity River. Believe it or not, these hundreds of acres of forest once stretched all the way to Florida.

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Apocryphally, Black Friday is the day when retailers finally turn a profit on the year (not the color of your mother’s bruises getting you a Cabbage Patch doll).  Yes, the month between Thanksgiving and Christmas is the only profitable month and it’s so profitable it makes up for the losses of the remainder of the year.

Real estate is waiting for its own turn at profitability from the depth of the Recession.  You may be cowed into thinking that all of that is behind us. Nope.  You may think that Dallas has recovered.  Nope.

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As we continue our Blue Line buyers’ train into Southern Dallas, we hit Ledbetter, Camp Wisdom and UNT Dallas DART stations.  We also hit a lot more homes on the market. On the other side of I-35E is the Golf Club of Dallas that’s been in the news lately (here).  Net-net, by simply crossing east of I-35E, prices will fall by 25 to 35 percent and the homes will be slightly more modest. But the same forest of trees.

In case you’re all confused, this is the fourth installment of my Southern Dallas Buyer’s Guide where I’m riding the DART rails to see what’s available in some of Dallas’ last bastions of affordable housing. To catch up, click here, here, here.

The neighborhoods in this area are Glenview, Spring HillsHidden Valley, Runyon Springs, Cigarette Hill (I kid you not), Wisdom Terrace, and Wheatland Meadows.

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