Background on Dallas
Dallas, Texas is ranked ninth in the United States when it comes to population. As of 2017 the city has more than 1.3 million residents. Dallas can be found in the Dallas – Forth Worth Metroplex. This section of Texas is the fourth most heavily populated area in the entire country making this area a great place to live as well as work. From the years 2000 though 2016 Dallas saw extreme growth in terms of population when more than 300,000 people moved or relocated here. The climate in Dallas is known as humid subtropical. The summers in Dallas are usually hot and somewhat humid. July and August are typically the hottest times of the year here. The winters are generally mild and cool and only occasionally does it get cold. January is usually when the cold fronts appear but that is few and far between.
Economy in Dallas
The economy in Dallas is booming much in part to the real estate market in the Dallas – Fort Worth Metroplex area. The market here for both brand new and pre owned homes is amazing and leading the nation in terns of appreciation. Dallas has nine Fortune 500 companies in total and if you look at the entire Dallas – Fort Worth area you will find a total of 22 Fortune 500 companies here. Back in 2008 AT&T relocated their headquarters to the Downtown Dallas area which was a huge boost for the economy here in Dallas. Here are the other Fortune 500 companies found here in Dallas; Energy Transfer Equity, Tenet Healthcare, Southwest Airlines, Texas Instruments, Jacobs Engineering, HollyFrontier, Dean Foods and finally Builders FirstSource. These companies make up a large portion of the economy here in Dallas. The headquarters for Susan G. Komen for the Cure is also located here in Dallas, Texas. Dallas is also home to the Kay Bailey Hutchinson Convention Center which is a 1,000,000 square foot convention center. This convention center is the biggest in the entire country and is also one of the busiest.
Events and Things to do in Dallas
If you’re looking for something fun to do with the family then make sure to check out the State Fair of Texas. This fair has been held here since 1886! This event brings in more than $350 million dollars of Dallas’ economy annually. There is also the State Fair Classic, Texas State Fair Classic Showdown and the Heart of Dallas Bowl at the Cotton Bowl. Besides these events there are also several more things to do here in Dallas. You can take a trip to the Dallas Zoo which was established back in 1888 and is more than 106 acres in size. This zoo features more than 406 different kinds of specials for a total of more than 2,000 animals. The zoo is managed by the Dallas Zoological Society. You can also visit The Dallas Museum of Art which is better known as DMA. This museum is located in the Arts District which is in the downtown section of Dallas. This museum is more than 159,000 square feet and has more than 24,000 pieces of art for you to view. This museum is actually one of the largest art exhibits and museum’s in the entire United States.
Sports in Dallas
Dallas is home to seven major league sports teams. In the NFL there is the Dallas Cowboys, the NBA’s Dallas Mavericks, the MLB’s Texas Rangers, the NHL’s Dallas Stars, FC Dallas which is the Major League Soccer team for Dallas. There is also the Dallas Wings which is the Woman’s Nationals Basketballs Association and finally the Dallas Rattlers which is Dallas’ Major League Lacrosse team. Between these seven teams there is always an event going on here in Dallas. You can catch a Cowboys game at the AT&T Stadium located in Arlington, Texas which is just twenty miles west of Downtown Dallas.
Real Estate in Dallas
The real estate market here in Dallas is expansive to say the lease. You will find everything from multi million dollar mansions with ten bedroom and eight bathrooms all the way down to more reasonably priced traditional, single family homes as well as classic Texas Ranch style homes. The type of home that you buy depends on the area that you’re looking in. There are typically more than 4,000 homes for sale here in Dallas at any one time!
Dallas, Texas is a beautiful place to live with an abundant amount of Fortune 500 companies and sports teams. With a population of more than 1.3 million and growing by the day, the famous saying “Everything is bigger in Texas” definitely fits Dallas perfectly!
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Currently Dallas has 3,771 properties on the market for sale. The inventory was last updated 08/14/2020. Of these properties, 2,014 single family homes are for sale by their owners in Dallas, and 1,054 condos are for sale by their owners in Dallas. The average price of the single family homes for sale in Dallas, is $1,757,975, the average condo price in Dallas, is $1,588,183. The average price per square foot of the active inventory is $168. This is based the living area square footage.
Over the last year, there have been 29,112 of properties sold in Dallas. Of these properties, 20,668 single family homes have sold by their owners in Dallas, and 5,668 condos have sold by their owners in Dallas. The average sales price of the single family homes sold in Dallas, is $661,008. Single family homes have been selling for 209 per square foot of living area. The average sales price of the condos for sale in Dallas, is $551,869. Condos have been selling for 227 per square foot of living area.
The most active subdivisions with listings for sale in Dallas, are: Glenridge Estates (20 For Sale), Renaissance On Turtle Creek Condo (16 For Sale), Vickery Place (16 For Sale), Metropolitan 1200 Main St Condo (13 For Sale), Prestonwood (12 For Sale), Buckner Terrace (12 For Sale), Richland Trace Condos (12 For Sale), Mayfair Turtle Creek Condos (11 For Sale), Casa Linda Estates (10 For Sale), Clifton Place 02 (10 For Sale)
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Disclaimer: Listing broker has attempted to offer accurate data, but buyers/lessees are advised to confirm all information IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.
This data up-to-date as of 08/14/2020