My crystal ball is glowing with predictions for North Dallas real estate for 2015. That is not the only source providing glowing predictions for North Dallas and the entire DFW area for 2015 as the references below can validate. The crystal ball is focused on the SH 121 North / Sam Rayburn Tollway corridor towns of The Colony, Little Elm and Lewisville and sees major changes coming to them.
- Continued ‘Seller’s Market’
- Nebraska Furniture Mart
- Explosion of demand for rental units in The Colony, Little Elm, Lewisville areas
- Significant appreciation of housing in The Colony, Little Elm and Lewisville
1. Seller’s Market
The first vision of my crystal ball shows North Dallas continuing in a Seller’s Market through August or longer. Last year DFW saw an increase of 114,600 jobs and another 100,000 jobs are expected for 2015. There wasn’t enough houses available to sell last year and with the advent of more jobs opening the demand will remain high.
2. Nebraska Furniture Mart
The next vision in my crystal ball is a big change due to the opening of Nebraska Furniture Mart. Set to open in early March, the much-anticipated Nebraska Furniture Mart is expected to bring an additional 70,000 cars per day on SH 121; any business situated on that corridor will be more visible. Seems like a lot of cars, right? Well, it may be on target if NFM does $600M in sales as projected.
3. Explosion of rental demand
Explosion of rental demand for The Colony Little Elm, Frisco, and Lewisville this year will be driven largely by the workforce requirements of NFM and its associated Grandscape businesses. NFM projects filling about two thousand jobs from The Colony and surrounding area residents; these will be local residents who already reside here or people who will move here closer to their job.
4. Significant appreciation
Significant appreciation of housing in The Colony, Little Elm and Lewisville has already been occurring. Prices in The Colony are already up 20% from 2013 and house prices here is still the best value and Little Elm prices have appreciated even more.
Investors are using creative means such as community groups on Facebook to access homeowners directly. Selling directly to an investor may not be in a homeowner’s best interests. To protect your pocketbook and receive the highest value possible for your property, contact a Realtor today who will work for you.
Realtor Brenda is a Texas-licensed real estate agent with Ebby Halliday Realtors located at 1415 Legacy Dr, Suite 100, Frisco, TX 75034. The office telephone is 972-335-6564 or you may reach Realtor Brenda via cell/text at 469-408-3148. Realtor Brenda’s website is www.realtorbrenda.com.
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Halkias, Marria, Nebraska Furniture Mart in Texas redefines big box, January 24, 2015, retrieved from the World Wide Web on January 25, 2015
Hegar, Glenn, Comptroller’s Weekly Economic Outlook, January 23, 2015 retrieved from the World Wide Web on January 24, 2015
McEwen, Melia, Economic outlook forecasts fewer new Texas jobs in 2015, January 22, 2015.
McGaughy, Lauren, Moody’s warns Texas to take care of pension funds, January 22, 2015
Niekamp, Ray, 2015 Economic Forecast: Focus on Texas, November 7, 2014
KVUE ABC, Texas Ends 2014 With Another Month of Job Growth, January 23, 2015, retrieved from World Wide Web January 23, 2015.