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Expert Q&A: What’s the next big trend in DFW real estate?

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Pam Brannon

pamBig
A: Empty nesters are looking for smaller homes in the 3,000- to 4,000-square-foot range – which is comfortable for two people but large enough for visiting children and grandchildren. They want one story, or at least a home with the master suite downstairs. And they want the amenities most other buyers want – outdoor living areas and screened porches, for example. This is something for the builders and remodelers in Dallas to take to heart – so they can offer homes to fit these needs. 214.912.1756

James Keoughan

James Keoughan
A: In the commercial real estate market, multifamily housing has been strong with foreign investors, life insurance companies and equity firms for a few years, and that’s going to continue at least for the next 18 months. But commercial real estate is strong across the board. I think we’ll start to see the focus in 2014 turn to infill parcels of undeveloped land in urban areas. Land investments are coming back. 972.523.9740

LeeLee Gioia

LeeLee Goia headshot
A: As people in Dallas continue to emphasize outdoor living and expansive outdoor spaces, a lot of homeowners and buyers are looking for screened porches. Because mosquitoes can be a nuisance in the warmer months, we’re seeing a return to what used to be more common – those beautiful covered patios or terraces are becoming screened porches and new construction includes screened porches. Our climate is so temperate nine months out of the year; a screened porch can add a living space. 214.616.1791 | lgioia@briggsfreeman.com

Pete Ryan

Pete Ryan
A: I think the biggest trend in Dallas-Fort Worth real estate is towards people downsizing, especially if you look at the more affluent areas where there are more luxury homes. Homeowners who are entering the next stage in their lives – baby boomers and retirees, for example – are opting to sell a large home to find something smaller. Boutique retirement communities that offer plenty of luxury amenities have become popular. 214.957.3547 | pryan@briggsfreeman.com

For more beautiful homes, see briggsfreeman.com. Click here to see the latest in real estate news. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with five offices in Dallas, Uptown, Ranch and Land, The Ballpark and Southlake.

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