What’s going on in Collin county?? Here are 5 Things to Know About Collin County Growth

To find out more about what’s going on in Collin County and Surrounding Counties in our Great D.FW, just call me! Let’s Chat: 214.769.2142

Collin County is the fastest growing county north of Dallas County, growing more than 45% since 2000. There is more net rentable property than the combined areas of Uptown and Dallas. Currently the population is at 940,000 and is predicted to be at 3 million by 2040! With all the new jobs the median income has also risen to $100,839. So why has Collin County experienced so much growth? How has this growth affected the traffic and housing? What is expected in the future? All questions residents and potential relocation buyers have on their mind.
dallas-cowboys-star 1.  Many companies are moving locations
Companies are moving headquarters to Collin County because the workforce, schools and housing are attractive as well as the low-cost tax structure. Says County Judge Keith Self: companies “can move across the street and lower their … tax by half.” Some companies that have been part of the move are Toyota, Liberty Mutual, JP Morgan Chase and the Dallas Cowboys.

2.  Existing businesses are seeing growth too
Crest Auto Group has seen a 25% growth. Mexican Sugar is beating last years’ numbers and they are always hiring more employees. A.R. Schell & Son Agency Insurance has also seen growth from last year. These are just a few examples of the many businesses that are currently thriving.

3.  Demand for single-family homes and apartments
This demand has become so big in the last few years! Median sales price has risen from $190,100 to $300,000! Because of the high demand, the inventory has dropped by 30%. Apartments are 94.3% full and rent is averaging right under $2000 a month.

4.  Undeveloped Land

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SOURCE: THE GIS DEPARTMENT OF THE COLLIN CENTRAL APPRAISAL DISTRICT; MAP ILLUSTRATION: SHAW NIELSEN

Still quite a bit of undeveloped land…wonder what the future holds?

5.  How bad is the traffic?  It’s getting bad!
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*Worst traffic is State Highway 121, just W. of State Highway 289
*Second worst is Dallas N. Tollway, just N. of George Bush Turnpike
*Third worst is Dallas N. Tollway, just S. of George Bush Turnpike

The exact remedy is unknown to fix the traffic problems. Options are to create and “outer loop,” more walkable neighborhoods, more trolleys and express buses.

Looking forward to seeing more change in the future!

(Information taken from article in D Magazine)

Relocation to Dallas

The Dallas News posted an article last week about the lack of houses in the D/FW area. Why aren’t there enough houses? The answer is because dozens of corporations are moving their headquarters to North Texas. For example, Toyota is moving 250 employees a week!

Each year, D/FW will receive about 60,000 new residents. Toyota alone is bringing 4,000 of those numbers! This is why the housing market is on fire right now. Home prices have risen to unheard of levels, with such a shortage of homes as well…one of the worst in decades.

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While some find the home prices completely over-priced, some residents from the West Coast think it is a bargain.  New home builders are also happy with all the change. This has really helped their sales.

Toyota Traffic

So what about the traffic? The ones that aren’t bothered by the extra traffic is again the West Coast transfers. One person said “it’s nothing like L.A. traffic.”

Realtors like me love working with Relocation clients! I love the challenge of that short window of time to find and close on a home. It’s hard work because you are educating them on the area and answering so many questions but it is rewarding in the end. If you, a friend, or a family ever needs help selling or buying a home, don’t hesitate to contact me!

Cynthia Lopez, TLG Real Estate Advisors | Ebby Halliday Realtors

Have you heard about Rowlett’s Luxury Resort – Bayside on Lake Ray Hubbard?

Would you like to know more about the exciting Bayside on Lake Ray Hubbard in Rowlett?  Call me at 214.769.2142!

This will be a luxury resort getaway…just down the street! It will consist of 262 acres of mixed-use lakefront property offering white sand beaches, an 8-acre Crystal Lagoon and a 1-acre show fountain-first of its kind in North America! You will be able to sail, fish, boat, shop, swim, eat or just relax! Bayside will also be selling single family homes, condos, town homes and apartments. The location is perfect too, only 30 minutes from downtown Dallas!

The company behind this 1 Billion Dollar project is Crystal Lagoons. Their US headquarters is in Miami and they are involved in hundreds of projects around the world. Bayside is the first such lagoon planned for Texas. Two more have since been announced for the Houston area. Those two will cost a combined $1.5 billion dollars.

The Texas based developer, Western Rim, is constructing the 845 urban-design multi-family residential units. These single-family homes and townhomes will be on the north side of I-30 off Dalrock. Dallas-based BOKA Powell is the architect on the retail and office portion of Bayside. Dallas-based 5G is designing the condo tower and a 500-room hotel with 80,000 square feet of meeting space.

So what about the traffic on I-30? Well, TxDOT plans to add three lines to each side of I-30, plus more service roads and bridges. They are also adding an 8 to 12 foot hiking and biking trail. That will start at Bass Pro and go across the lake.

So has anyone driven past the construction on Bayside? Notice any major changes yet? I am looking forward to seeing the progress! Let me know what you think! 

Cynthia and Diego

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Million Dollar homes selling FAST in D-FW!

Million Dollar homes selling FAST in D-FW!  Call me for more information:  214.769.2142

So far in the months of January and February 2017, the sale of “million dollar homes” is up 64% from the same time last year. Never have so many high-priced homes been for sale at once here in D-FW. Currently there are almost a dozen listings in this price range. 177 houses in North Texas were sold with a price tag of $1 million or more this year and 75 are still pending. The growth of Dallas is bringing CEO’s and top officers into the area who are able to afford these homes. (To view the full article click here.)

Part of the reason there is a growth of million dollar homes is the price appreciation in the overall market. Overall sales have risen 40% so homes that maybe were once priced at $800,000 are now priced at $1 million.

What IS slow in the market are homes priced at $10 million or more. “The buyers are few and far between in that price range,” “It can be a long wait to find that buyer, and it takes a lot of patience.” Look at this 25-acre listing in North Dallas. It is listed just under $49 million. This is the most expensive residential property in North Texas. (To view the listing click here.) By the way, this home is AMAZING. GORGEOUS! It was built in 1938. It looks like a movie set.

Interested in seeing more expensive listings in the D-FW area? Check out these beautiful properties below!

10711 Strait Lane, Dallas1491423947-10711StraitLn

8891 Jourdan Way, Dallas1491424192-ESTATE_0310BUS_03-10-2017_UID_STATE_1_1_55793968

5950 Deloache Ave., Dallas1491424649-baronestate

3509 Euclid Ave., Highland Park1491500148-NM_06million1

Been Thinking about Moving to Dallas? 10 Things Everyone Should Know Before Moving Here

Thinking about moving to Dallas? Here is a fun article by D Magazine! It lists some things you should know about Dallas before taking the plunge and moving here! For example:

  1. It’s not just cowboys and tumbleweeds

  2. Best BBQ you will find

  3. Can drink a glass of beer or wine while grocery shopping

  4. Weird and crazy winter weather

  5. Summer’s are hot!

  6. Competitive energy market so shop around

  7. Dallas does impossible things:)

  8. Bad traffic….not gonna lie

  9. Nice people!

  10. AMAZING local culture!

Dallas is one of the best places to live. There are so many things to do here from amazing shopping centers, restaurants, hotels, concert venues, local bars, artists, rodeos, fairs, musicals…..too much to name. It is worth the crazy weather and the traffic. It just becomes normal. Plus, you will learn to love your apps to get you around the traffic! (Waze for example). If you are on the fence, take the plunge. You won’t regret it!

If you are interested in more information about the D.FW area, contact me at 214.769.2142. Lets Chat!

Cynthia Lopez

There is so much art & culture in Dallas!

There is so much art & culture in Dallas. If you haven’t taken the time to explore some of our amazing exhibitions and museums, you should try to find the time to do so. I will list below five of my personal favorites or currently on my to-do list!

Want to know more about our great Dallas Metro?  It’s easy – just call.  Let’s Chat:  214.769.2142.

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THE ANN AND GABRIEL BARBIER-MUELLER MUSEUM: THE SAMURAI COLLECTION This museum is located in the Harwood district. This area has more than two million square feet of premier class AA office, residential, and retail space set within a park-like campus with gardens and art-filled lobbies.  The Samurai Collection has items such as suits of armor, helmets and masks, horse armor and weaponry that date back from the 7th to 19th centuries. The address is 2501 N. Harwood Street. Click the link above for hours. Enjoy this collection that is one of the largest of its type in the world!

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DALLAS MUSEUM OF ART The DMA is one of the 10 largest art museums in the country. It’s mission statement quotes “It promotes research, dialogue, and public participation, helping to reveal the insights of artists from every continent over the last 5,000 years.” Current exhibitions include: “Carey Young: The New Architecture” and “Young Masters: 2017.” The DMA is located in the nation’s largest art district and offers monthly block parties with live music, shows and film viewings. How fun!

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NASHER SCULPTURE CENTER  The Nasher Sculpture Center is located just across the street from the Dallas Museum of Art. It has rotating exhibitions of works from the past 125 years. Bring the kids and enjoy free admission and fun family programming on the first Saturday of every month. Also, once a month, The Nasher stays open until midnight and invites guests to enjoy outdoor concerts and a film screening in their garden space!

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MORTON H. MEYERSON SYMPHONY CENTER Located in the Dallas Arts District, this building is an icon. Just look at the beauty of it! This hall is home to the Dallas Symphony Orchestra. One interesting fact about the hall is it has a “shoebox” style music chamber. This design allows intimacy between performer and audience. Peformanes there are magnificent and I hope you get to experience one!

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ARTS DISTRICT ARCHITECTURE WALKING TOUR This 90 minute walking tour is led by a trained tour guide and you will see buildings from 1890’s to present. Tours are held on the first and third Saturdays of each month, beginning at 10:00 a.m. at the ceremonial entrance to the Dallas Museum of Art (Flora and Harwood). The tour is held rain or shine. This is the best way to capture all the amazing art, architecture and history that you might have missed otherwise!

Union Park in Little Elm/Master-Planned Community

Have you heard of Union Park? It is a 1,000 acre master-planned community in Little Elm. It’s goal is to preserve the beautiful Texas landscape. There are 35 acres of parks, greenbelts and ponds! There will be a total of 3,200 single family homes along with walking trails, an amenity center and a food truck park.

If you want to learn more about Union Park, contact me at 214.769.2142. We can take a drive and explore this new and amazing part of Little Elm!

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At Union Park, the authentic small town you desire is not sacrificed for modern convenience. Exemplifying the Hillwood Community Live Smart principles, Union Park leverages today’s technology in purposeful ways while still encouraging a healthy lifestyle and a sense of community, with a strong emphasis on education and personal enrichment.” – Union Park Website

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Union Park is located on the shores of Lewisville Lake. It is easily accessible to Frisco, McKinney, Denton and Allen. The builders are American Legend Homes, Drees Custom Homes, Emerald Homes, Highland Homes and Plantation Homes.

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Students living in Union Park will attend Denton ISD schools which are less than one mile away! There will even be a new high school opening in the Fall.

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If you want to learn more about Union Park, contact me at 214.769.2142. We can take a drive and explore this new and amazing part of Little Elm!

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-Cynthia & Diego Lopez

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