Home Value Increases

In the last decade, DFW home values have increased by 41%

The National Association of Realtors says home value gains in the last decade have risen significantly. In major markets nationwide, and based on tenure in the house, the average homeowner experienced a $49,500 or 39% increase over the decade. A home in DFW bought a decade ago has gained more than $50,000 in value, a gain of more than 41%. Estimates were based on median home price changes, comparing increases in value over time. Among the metro areas with gains are San Antonio with a $54,300 gain, or 54.7%. Sherman-Denison had a gain of 111%.

DFW: January sales prices were up in the four major counties.

Dallas: Sales 1,526 (+17.1%), Median Price $240,000 (+12.2%)
Tarrant: Sales 1,593 (+10.7%), Median Price $241,000 (+9.6%)
Collin: Sales 958 (+21% ), Median Price $335,000 (+7%)
Denton: Sales 889 (+27.6%), Median Price $310,000 (+3.7%)

DFW: A 1.25 acre lot in the 5700 block of Richmond Avenue near Greenville Avenue, across from a Sam’s Club store, will become an eight-story, 226-unit apartment building, scheduled to open in 2022. The first three floors will have apartments similar to brownstones in other cities. Above the third floor, the building will step back with a terrace.

DFW: In Uptown, a 12-story, 335,000-square-foot office tower will be built near the corner of Routh and Howell Streets, to be called “The Quad,” on the four-acre Quadrangle site. The building will have underground parking. The floor level will have 15,000 square feet of retail “bungalows.”