Dallas Real Estate Blog- Dallas Luxury Realty

Have 15 friends who enjoy a drink and need to be somewhere? Dallas is ready to roll.

After sorting out delays with route planning and permits, the Dallas Buzz Bike starts pedaling this week. The 16-seat, pedal-powered, mobile pub has received the green light from the city and they are having a launch party tonight to celebrate.

Available in Forth Worth and Houston already, the bike is outfitted with six-barstool seats on each side, with pedals underneath. There's also a bench for several people in the back and then one person can stand inside the "bar" in the middle of the bike. Buzz Bikes provides the driver.

The Buzz Bike is BYOB - beer and wine only, no hard liquor. There are a few other rules and some waivers to sign, things that deal with

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We already LOVE Uber, so we're thrilled to announce that getting safely back to your perfect home in Dallas just got 6 percent cheaper thanks to a current reduction in fares by luxury car service Uber, which operates in and around the central Dallas, Uptown, Downtown and Highland Park area. CLICK HERE to find out more about the reduced fares and how to take advantage of the current special!

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2013 was a big year for the luxury home market in Dallas-Fort Worth. Million dollar and higher home sales saw a big jump, with a 22 percent increase year-over-year and the demand is expected to continue - and even rise this year.

Each of the top four metro markets in Texas saw year-over-year increases - most of them quite dramatic - in the million-dollar market.

Dallas-Fort Worth ranked No. 3 on that list at a 22 percent increase in luxury home sales. Austin saw an increase of 55 percent in luxury homes sales in 2013, followed by Houston at 46 percent and San Antonio at 18 percent, according to the association's report.

The rise in demand for luxury homes reflects the state's growing economy and increasing population, according to the Texas

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Analysts knew there was a demand for Dallas-Fort Worth apartments; but they didn’t think it was this hot.

3,074 new apartments were built last quarter in North Texas. The apartment sector is currently outperforming expectations, with examples directed towards home sales back in 2007. Last year, Dallas-Fort Worth led the rest of the country with a demand of 16,647 apartments, which is nearly 2,000 apartment units above Houston, which came in second.

The region also added more apartments than any other metro in the country with 12,977 new homes added to the market, which is about 3,000 more than Washington, D.C., which came in second, according to the data.

There are a number of new developments slated to take shape in 2014, many in newly designed

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Dallas Luxury Realty just opened a new office at 2736 Routh Street - footsteps away from the upcoming Whole Foods market and living community.

The mixed-use development from Gables Residential is at the intersection of McKinney Avenue and Routh Street in the Uptown district with plans calling for a retail-residential complex to be anchored by Whole Foods Market.

The residential side features 222 apartment homes in a 8-story high-rise and 17 townhomes in adjacent 3-story brownstones. Gables plan to add multiple green spaces, historic markers, as well as other enhancements to the surrounding neighborhood.

The concrete high-rise will feature high-end finishes and amenities, along with garage parking incorporating separate garages for Whole Foods

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A 60-unit, 22-story luxury residential tower is coming to Turtle Creek Blvd and Fairmount Street.

Named Ltd. Edition, the Toronto-based Great Gulf Homes project will sit on 1.4 acres at 2505 Turtle Creek, adjacent to the Rosewood Mansion and Reverchon Park in Dallas.

The tower is is described as having a green space feel with a focus on terraces and outdoor living spaces, which include outdoor kitchens, fireplaces and lawns. The smallest condominium is expected to be 3,400 square feet.

Groundbreaking is expected in 2014 with a completed date of 2016.

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The Dallas City Council had high hopes for Victory Park when it opened in 2001 near Downtown Dallas. It hasn’t hit the initial goal of becoming an economic epicenter, but help is on the way.

A $100 million plan called “Reimaging Victory Park” was approved earlier this week by an economic committee. On October 23rd, the full City Council will hear all sides on the project. With hopes of expanding business with better tax incentives, better parking, and an increased network between neighborhoods and the Katy Trail, the project was mostly funded privately.

The plan would convert Houston Street and Victory Avenue to one-way traffic and improve pedestrian access to Olive Street and Victory Park Lane.

The city also hopes to attract "a large food and

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Camden Property, developers of a number of local and national properties, is planning to build a 423 rental unit property on the parking lot just north of the American Airlines Center Arena

The 6-acre site in Victory Park has been in development since early 2012. This will be the third rental community in the works at Victory Park. Mill Creek Residential is building a 378-unit complex southwest along Victory Avenue. Novare Group recently broke ground on a 24-story, 336-unit apartment tower between Houston Street and Woodall Rodgers Freeway. And on Goat Hill, Trammell Crow Residential have started construction on a 10-story, 365-unit apartment project called The Alexan. 

These projects add up to more than 1,500 residential units within the Victory

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What’s hotter than the summer heat in Dallas/Fort Worth? Condo and townhome sales!

Condo purchases are 40% above 2012 levels. And there was a 17 percent increase in July, higher than in the same move last year. The increasing appeal of neighborhoods near Downtown Dallas and in Uptown have helped the gain in sales, which tends to be behind traditional single-family home sales. Condos and townhouse sales are up 50% this year in central Dallas and Oak Lawn.

Throughout the DFW area, there are only about 1,600 condos and townhouses offered for sale by real estate agents. That works out to just over a three-month supply and real estate agents say prime properties go fast.

New condo buyers have stated that the urban lifestyle is appealing. However with

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