cedar crestSometimes you flip through listings and a house just … stands out — like this funky Cedar Crest home with a fun facade and a well-updated interior with a price point that will make some family very, very happy.

Unfamiliar with Cedar Crest? We’ve written about listings in the charming neighborhood before, but for the uninitiated, Cedar Crest is a well-established neighborhood in Dallas that is, we think, a hidden gem. Close to downtown (in fact, you can see the skyline from many points in the neighborhood), the community also boasts a very busy neighborhood association, and is home to the Cedar Crest Golf Course, which hosted the first PGA Tour in 1927.

You can even see a great tour of the golf course here.

“For decades the Cedar Crest neighbors have demonstrated pride in home ownership, which is discernible by many of the uniquely designed custom built homes,” the association’s website said. “The community is well noted for community and political involvement and has produced many business owners, educators and dignitaries.” (more…)

hip pocketDo you follow CandysDirt on Instagram? It’s another great way to get in touch with us, to see what we’re featuring on the site, and to show us what you’re up to — which is exactly what Kate Walters with Allie Beth Allman & Associates did last week when she pitched us this gorgeous Lakewood hip pocket.

What’s a hip pocket listing? It’s a home that’s for sale, but isn’t listed in the MLS, nor will you find it online on the likes of Zillow, Redfin, etc. Sellers sometimes go this route to protect their privacy, or to test the waters of the market, or even just in the hopes of generating more interest in the home in a market that might be getting a bit saturated.

But Walters is planning on someone falling in love with this home — so she’s even arranged for a champagne sip-and-see on Tuesday, Feb. 12, from 2 p.m. to 4 p.m.

But just in case drinking champagne on a Tuesday afternoon isn’t in the cards for you, we got Walters to share a bit about her hip pocket, including photos and a video. Want to see? Let’s jump. (more…)

home pricesHome sales fell in North Texas in the fourth quarter of 2018, Dallas-Fort Worth hit record home prices last year, and the Arlington Black Chamber of Commerce will hold its Hard Hat Construction Expo — and we have all this and more in this week’s roundup of real estate news.

Area Home Sales Fall in 4Q 2018

While the median home price grew, home sales in North Texas fell 7.6 percent in the fourth quarter of 2018, a report by Texas A&M’s Real Estate Center said.

Area home sales fell to 22,402 transactions, while the median home price grew 2.4 percent over the year to $260,000. Months of inventory rose 32.5 percent to 2.5 months, and residential property listings increased to 29.4 percent in 2018 to 20,627 listings.

Courtesy the Texas A&M Real Estate Center

(more…)

Amazon

(Photos courtesy Flickr)

As word got out that Amazon may pull out of its’ planned halfquarters in New York, every single city that had a shot is discussing the potential that the virtual big box store will eventually turn its sights to one of the jilted — Dallas included.

Let’s review: In November, after nearly a year of being courted by nearly every city in the country, Amazon flipped the script and decided to divide its second headquarters site between two cities – Long Island City, New York, and Crystal City, Virginia.

But nearly immediately, many New Yorkers began voicing their resistance to the idea, saying they worried that Amazon would push up prices and rents in the neighborhood, and force existing residents out. They also criticized the incentives offered to the retail giant.

As resistance grew, The Washington Post reported Friday that Amazon was potentially thinking of walking back its plans for the New York site. (more…)

Lake HighlandsWe pride ourselves on finding the cutest remodels, the hottest new construction, the sexiest staging in North Texas. But we apparently missed this transformed Modern Farmhouse in Lake Highlands recently.

Compass Realtor Svetlana Grujic threw down the gauntlet in our Realtor-friendly Facebook group, Getting the Dirt.

“Cannot believe that CandysDirt.com did not “get the dirt” on this remodel:),” she said. So we asked her to tell us all about it.

Turns out, we’ve seen Grujic’s work before. Remember last May, when we talked about another Lake Highlands home on McCree Road that got a sleek update? That was, she said, the start of her showcasing her abilities to help investors make the most of the properties they intend to flip.

“It all started with a flipper that tried to remodel 11029 McCree Road and 2617 Beechmont Dr.,” she said, adding that the homes needed a little help after sitting on the market for a while. “So I was called to the rescue.”

“I took over, did a small remodel, and some staging,” she continued. “McCree was sold for 25 percent more than asking, and Beechmont for 30 percent — the buyers for Beechmont were so in love with it, they purchased all the staging.”

That success got her a seller for life, it seems, since the investor reciprocated by putting even more faith in Grujic. (more…)

 

Opendoor

Swathy Prithivi has been tabbed to lead the Dallas-Fort Worth operations for Opendoor.  In 2017, she joined the company and helped lead its Orlando expansion. She was later promoted to general manager there

“I joined Opendoor because I really believe in what the company is based on, which is empowering everyone with the freedom to move,” Prithivi said. “It’s very exciting because it’s a customer-based company that’s poised to make big changes in one of the most unchanged industries.”

Opendoor was founded in the Bay Area nearly five years ago.  It’s known for its online platform on which homeowners can quickly sell their homes and search for new ones. The company expanded to Dallas in 2015, and now has a presence in 20 different markets, including Houston, Austin, and San Antonio.  It will begin operations in Los Angeles and Washington D.C. this spring and plans to expand to 50 markets by 2020. (more…)

first-time buyerIf it feels like it’s tough to find a great house for a budget-friendly, first-time buyer price under $250,000, it’s not your imagination — it’s getting harder and harder to find a move-in ready, single family home for less than $250,000 in the Dallas area.

We’ve even written about the phenomenon a few times. And while some price points are beginning to see an increase in inventory, that $200,000 range are still sitting at much less than two months.

So when we saw Katie Apperson with Real Estate Reformation post this adorable blue home in Crest Ridge Estates in Garland for $206,000 on Facebook last week, we had to pump her for some details.

I mean, you couldn’t miss that blue. (more…)

rentsDallas rents are up, but Plano’s are higher, the City of Dallas is holding a workshop to help citizens navigate city services, and the latest Realtor confidence survey is out — and we have all this and more in this week’s roundup of real estate news.

Dallas Rents Are Up Year over Year

Rents in Dallas are up year-over-year, but have declined slightly over the last month, ApartmentList’s monthly report revealed. (more…)