Kari's Baby Shower (6).jpg galsLast Saturday was Celebrate Baby Day at Allie Beth Allman’s fabulous Crestpark penthouse that, quite honestly, rivals Tim Headington’s. I mean, does Tim (or the new owner) have a greenhouse or a pond on HIS terrace? The occasion was a joyous baby shower for agent extraordinaire Kari Schlegel Kloewer who is expecting a baby boy this spring, though from looking at her you would never, ever know it. Kari’s sister Kim Schlegel Whitman is also expecting her second child, and mom Myrna is gearing up for three grandchildren and many, many hours of babysitting!Kari's Baby Shower (8).jpgb gifts Kari's Baby Shower (11).jpg gifts Kari's Baby Shower (1).jpgn aba

Allie Beth Allman's (10).jpg pond

Kari's Baby Shower (6).jpg galsLast Saturday was Celebrate Baby Day at Allie Beth Allman’s fabulous Crestpark penthouse that, quite honestly, rivals Tim Headington’s. I mean, does Tim (or the new owner) have a greenhouse or a pond on HIS terrace? The occasion was a joyous baby shower for agent extraordinaire Kari Schlegel Kloewer who is expecting a baby boy this spring, though from looking at her you would never, ever know it. Kari’s sister Kim Schlegel Whitman is also expecting her second child, and mom Myrna is gearing up for three grandchildren and many, many hours of babysitting!Kari's Baby Shower (8).jpgb gifts Kari's Baby Shower (11).jpg gifts Kari's Baby Shower (1).jpgn aba

Allie Beth Allman's (10).jpg pond

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

6406 Northwood

Even this FSBO has a contract on it!

You know I am not a huge fan Standard & Poors/Case-Shiller Home Price Index. Why? you ask? I’m sure they are very nice people, but their data is old and does not take into account new construction. By old data, I mean that what they are reporting today, this news that has us all giddy, is coming from transactions that were conceived in 2012, like November and December. It takes time to buy a home. A transaction begun last November may be closed in January or February. And Case-Shiller does not take into account new home sales. So like the 6,000 units that Mehrdad Moaydi has vertical, the vast developments booming like Phillips Creek Ranch and Craig Ranch up north of us, all those new home sales are not counted. No condos, either. Case-Shiller only counts residential re-sales.

What I’m saying is that when Case-Shiller is positive, it’s not just good news, it’s UBER great news! And today, Case-Shiller was as positive as I have seen in eons.

Dallas area home prices rose by 6.5 percent in December of 2012, says CS. That gain was the largest local increase in twelve years of CS survey-taking.

Our market is hotter than blazes and it’s not even spring. Allie Beth Allman’s Debbie Ingram sold my daughter’s condo in seven days to a cash buyer. This was a small deal, relatively speaking, under $500K. But we know that 6601 Hunter’s Glen is under contract, as is Tim Headington’s fabulous Ritz penthouse condo. Tom Hicks has his home available (not on MLS) for an earth-shattering $135 million, but maybe that’s not so earth-shattering: the rich with all those advisers at their fingertips seem to REALLY be eyeing real estate.

Every time I look at my bank account, I want more real estate: savings accounts are earning nada.

I spoke to a Preston Hollow homeowner selling his home himself, in other words, a FSBO: the house is under contract.

“We waited it out for over a year,” he told me. “Then right after Christmas, it just exploded.”

Mike Davis of Capital Distributing is the best barometer I know because he sells beautiful, high end appliances to home builders. And he is busy, very very busy. Yesterday, in an informal conversation, he told me why he thinks our market is so hot right now: low interest rates, pent-up demand, and a bit of anxiety as we hear that inventory is so very, very low.

There’s also the concept of “herd mentality”, when people see their friends jumping in the water, they are usually next.

Today’s CS report is the 10th month in a row of higher Dallas-area home prices. Nationwide prices were up an average of 7.3 percent in the Case-Shiller survey.

Here’s what S&P’s David M. Blitzer said: “Dallas, Denver, and Minneapolis recorded their largest annual increases since 2001. Housing and residential construction led the economy in the 2012 fourth quarter.”

Once again, housing seems to be our economy’s main driver. Steve Brown says Dallas home prices at the end of 2012 “were about 5 percent below levels at the top of the local market in mid 2007.”

Only five percent!

“Home prices in all the 20 major cities Case-Shiller tracks are about 30 percent below where they were before the recession in mid 2006,” says Steve.

Us, we are down now by only five percent! And that’s pretty darn amazing!

I told you we had a rooftop unit at the Residences at the Ritz Carlton, Unit 905, with a potty pad for pups. What I didn’t tell you was that the exterior patio living room in this unit is fit for royalty with the most extensive landscaping, fountains, and furnishings I’ve seen since Tim Headington’s place a few floors… and million dollars … up. The stamp of talented designer to the stars Sherry Hayslip is all over this home, from the jewel-toned chandeliers to the patterned custom carpets. Much of the furniture is also negotiable, and I would barter away for those two etagere cabinets in the living room which were MADE for the space. Talk about knock your socks off! The millions of dollars of art inside those etageres is not, I’m told, for sale.

The real art here, I think, is the whole unit! Very rare to have a three bedroom, three and a half bath with Downtown, Uptown and Trinity River Corridor views — again, like Tim Headington’s, but for a fraction of the price. And no champagne cellar, boo hoo, but the kitchen pantry is large enough to retrofit with a cooler. Besides, there is a wine fridge in there anyhow, and I am limiting my Prosecco consumption. The extras are truly priceless — years of Hayslip’s sophisticated eye in every corner: chandeliers, sconces, wall finishings, draperies, tassels. Custom and premium finishes are way over the top, such as the imported jewel chandeliers, stunning hardwood floors, marble, stone, all windows have electric shades and Lutron lighting system. Chef’s kitchen is enhanced with granite, Wolf, SubZero, that wine chiller I need, ice maker, one of those large farm sinks, and a huge island you don’t find in every Ritz unit. Master retreat is huge– big enough for two beds and boasts a sitting area, his/her closets, jetted soaking tub, dual sinks with a makeup vanity and what I refer to as better than marriage counseling, two commodes.

But the real magic is that outside world on the huge terrace: 1620 square feet, all Lambert’s flawless design with a pergola, fountain, landscaping, irrigating watering system and, of course, a square of green turf for the pups to do their duty. All that’s needed is a once a week hose-down and voila! When the tinkle’s away, the pup will play! How much are they asking for a slice of elegant heaven in the sky? Only $2,999,999. Listed by the cutest hubby and wife team in the world, Bryan and Amanda Crawford. And really, just a drop in the bucket!