With an abundance of green space and proximity to jogging trails, White Rock Lake, and the Dallas Arboretum and Botanical Gardens, East Dallas neighborhoods offer residents an active, outdoor lifestyle and an abundance of historic charm.
In a hot housing market, homes priced between below $1,000,000 are in high demand, according to Dallas real estate appraiser D.W. Skelton. These homes are in high demand because it is a great price point for the move-up buyer as well as the downsizer.
When the Federal Reserve closed out 2015 with the first increase in interest rates in nearly a decade, they may have opened the door to buyers and sellers in Lakewood and East Dallas considering a move.
Sophisticated staging, breathtaking photos, documentary-style videos, captivating content—together they create the foundation for introducing an exceptional property to the Lakewood and East Dallas market.
The renowned reputation of the Sotheby’s International Realty brand means that every listing receives the highest level of preparation and attention and a strategic marketing plan that provides the exposure that each home deserves.
The market is hot in East Dallas neighborhoods. According to residential appraiser D.W. Skelton, Lakewood has likely seen the largest increase in value, citing two significant sales over $2 million. Experts say that homebuyers are continuously drawn to the neighborhood for its Blue Ribbon schools, which in turn are driving home prices upward.
From Casa Linda to Forest Hills, Swiss Avenue to Hollywood Heights, homes in East Dallas are drawing buyers looking for easy access to White Rock Lake and a great selection of public and private schools.
The Lakewood/East Dallas market continues to rise with 524 homes already sold year-to-date. Right now, the average price of a Lakewood/East Dallas home is about $360,000—an increase of 15 percent over the same time last year. And most homes are selling after just 43 days on the market.