DFW Area to Enjoy 51% Appreciation in Median Home Value Over The Next 10 Years

By
Real Estate Agent with Alex Lowery Real Estate

  

I thought I would post this. It is from Frobes.com. This is exciting after many years of very marginal appreciation rates here in Texas. I grew up in the Dallas area, and then moved to Washington, DC for grad school. While I was there I bought my first home and rest was history. Most people will quote the 3 L's of real estate, but I am a firm believer in the 3 T's of real estate, TIMING, TIMING, TIMING......

Fortunately, I was able to take the "equity ride" when the DC market exploded right after I bought my home. I lived in my DC home for 2 years and 3 months and when I sold, I was able to avoid capital gains. I moved back to Frisco, Texas with money in my jeans and was able to purchase a great house in a wonderful subdivision with a mortgage payment lower than what most people pay to rent a decent apartment. Now that is TIMING and I do not try to act like I knew what I was doing or that it was a well thought out plan. I can not begin to tell you how secure being in this situation makes me feel or how lucky I am. To fully understand, you just have to know how poor I was in college and grad school.

I want everybody to be able to have this experience because I know that I would not have been able to afford my home and I would probably still be saving for a down payment without being in the right place at the right time.

In conclusion, other parts of the country have been experiencing staggering growth and people have been making unheard of money in real estate, I am glad it is finally going to be "our" turn here in the DFW area.

Dallas is #2 biggest gain - a first time for Dallas!

Table: A bumpy ride to 10-year gains
To get a feel for the volatility between these price points and a full description of the communities included in each metro area, view the Forbes.com slideshow here or click on each city's name in the table below.

Metro area

Median price, 2Q 2006

Est. median price, 2Q 2016

% increase

Washington D.C.

$435,899

$450,747

3%

New York

$558,853

$611,045

9%

Boston 

$416,911

$481,184

15%

Philadelphia

$230,495

$269,818

17%

Minneapolis-St. Paul

$244,186

$286,397

17%

Chicago

$290,953

$360,018

24%

Los Angeles

$538,477

$667,048

24%

Miami

$399,348

$498,564

25%

Atlanta

$172,722

$227,488

32%

St. Louis

$147,359

$195,607

33%

Phoenix

$284,727

$378,914

33%

San Diego

$624,987

$856,067

37%

Houston

$147,496

$214,370

45%

Dallas

$162,461

$245,725

51%

Seattle

$384,543

$612,383

59%

 

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Topic:
Real Estate Market Trends
Location:
Texas Dallas County
Tags:
appreciation
median home values
frisco real estate
frisco texas
tx
frisco development
house values frisco

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Rainmaker
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Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Grant,

Interesting stuff, I'll click over to view all. Looks like you have a good ahead. This would be a great time to invest.

Oct 26, 2007 11:46 PM #1
Rainer
21,743
Liz Carla
Ebby Halliday - Dallas, TX

Grant,

I think the DFW market is in much better shape than our local media wants people to believe. If you read the local papers and listen to the local news it is so doom and gloom. I think we are poised for great growth in the next 12-18 months. Here's to all our success in Frisco and beyond! Thanks for sharing these great, encouraging statistics.

Oct 27, 2007 04:32 PM #2
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Rainmaker
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Grant Howell

Broker/Owner 214-234-6901
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