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Dallas to be country's 6th hottest housing market in 2021, experts predict

Real-estate experts say Dallas will be the top housing market in the U.S. in 2021.

In news that is likely to surprise no one, experts say Dallas-Fort Worth is expected to be one of the hottest housing markets in the nation in 2021 — specifically, the sixth hottest.

According to the Q4 2020 Zillow Home Price Expectations Survey, real-estate experts, economists, and investment strategists say DFW will outperform the national housing market by a significant margin. The report, which was conducted by independent research company Pulsenomics, includes predictions about home-value growth in the largest 20 U.S. markets in 2021.

No. 6-DFW saw 54 percent of real-estate experts predicting the area will outperform the national home-value-growth average. Ahead of it were Denver, Colorado (No. 5), Tampa, Florida (No. 4), Nashville, Tennessee (No. 3), Phoenix, Arizona (No. 2), and the No. 1 market in the U.S., Austin.

A recent Realtor.com report predicted DFW could see combined sales and price growth of 15.7 percent in 2021 in the housing market compared with 2020. That figure put it at No. 22 in Realtor.com’s ranking of the top 100 major metro areas.

Experts had previously predicted Austin’s housing market would be the hottest in 2020. By mid-December, when the median list price for homes in the Austin metro area had risen year-over-year by more than 23 percent — the biggest increase among the 50 largest U.S. markets — it was clear the Capital City would outpace all other large markets in 2020, according to the report. That's due, in no small part, to the relocation of companies like Tesla, experts say.

The Zillow report notes that it is mostly Sun Belt cities — including Dallas and Austin —that are expected to outperform the nation’s housing growth in 2021.

“These Sun Belt destinations are migration magnets thanks to relatively affordable, family-sized homes, booming economies, and sunny weather,” Jeff Tucker, a Zillow senior economist, said in a release. “Record-low mortgage rates and the increased demand for living space, coupled with a surge of millennials buying their first homes, will keep the pressure on home prices there for the foreseeable future.”

Also appearing on the list is Houston, which ranked 12th, with 32 percent of experts saying the city will outperform the national average.

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Million-dollar homes

Multi-million-dollar gated home community The Preserve rises in Frisco

Preserve

A palace on the prairie of The Preserve in Frisco

Construction has begun on a multi-million-dollar custom home community in Frisco. Called The Preserve, it's situated among PGA Frisco’s championship golf courses and near the Omni PGA Frisco Resort, with multiple phases that will roll out over the next few years.

The Preserve is part of Fields, a 2,500-acre development in North Frisco off the Dallas North Tollway. Fields is co-developed and owned in partnership with The Karahan Companies, Hunt Realty Investments alongside investors Chief Partners and Cross Tie Capital.

The development will feature retail, dining, entertainment, hotels, corporate offices, native Texas plants, flowers, trees, and 250 acres of park space. It's designed by the same team responsible for Plano’s Legacy West, led by Fehmi Karahan.

Phase 1 of The Preserve will feature 233 homes crafted by 10 North Texas luxury homebuilders: Alford Homes, Coats Homes, and Starside Builders have all begun home construction. The other seven are The Preserve Bella Custom Homes, Endurance Homes, Faulkner Perrin Custom Homes, Hawkins-Welwood Homes, Shaddock Custom Builders & Developers, Sharif & Munir Custom Homes, and Ventura Custom Homes, for whom construction will start soon.

The Preserve Frisco The Preserve in Frisco, soon to be covered with homes.The Preserve

Lot sizes range from 6,800 square feet to more than an acre. Home design options will incorporate high ceilings, open floor plans, glass walls, and seamless transitions between indoor and outdoor such as patios, infinity pools, and landscaped exteriors.

The surrounding area will have more than 2,000 new trees plus views delivered via design elements such as floor-to-ceiling windows and expansive outdoor living areas.

Many of the homes will address sustainability, health, and wellness with green architecture, energy efficiency, water conservation, and recycled building materials.

It will combine the privacy of a gated community with resort-style living, featuring amenities such as the PGA golf courses, 20+ miles of hike and bike trails, and the exclusive Brookside Club with an expansive swimming pool, state-of-the-art fitness center, tennis and pickleball courts and a playground.

Prices will start at $3,500,000.

Hunt Realty SVP Todd Watson calls it one of the most anticipated mixed-use projects in the area -- æa perfect location for discerning buyers seeking their forever home or a secondary residence" — although he's involved with the project so he's probably biased.

“As part of the Fields development, with prominent neighbors like PGA of America and the Omni PGA Frisco Resort, we know The Preserve will be one of the most sought-after addresses in North Texas," Watson says.

According to the Frisco Economic Development Corporation, Frisco’s population has increased by 500 percent in two decades and was recently recognized as the fastest growing city in Texas and third across the U.S.

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