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    New HP Condos

    Luxury condos are going up on vibrant perimeter of Highland Park

    Teresa Gubbins
    Mar 1, 2015 | 11:27 am

    Ground has broken on a luxury condominium on the perimeter of Highland Park with direct access to the Katy Trail. Called The Mondara, the development is a 35-unit building going up at 4502 Abbott Ave., within walking distance to Knox Street.

    Built by Dallas-based Robert Elliott Custom Homes, the residences range from 1,500 square feet (no balcony) to 4,300 square feet (with balcony); prices start at $800,000. Designed by architecture firm Stocker Hoesterey Montenegro, the single-story flats reside in a three-story building with transitional exterior architecture and stylish interiors. Each home boasts one to three bedrooms, including master suite, study, walk-in closets and large open rooms for entertaining indoor or outdoors.

    A release describes them as perfect for those seeking a turnkey lifestyle or families seeking schooling within Highland Park ISD. Planned amenities include landscaped courtyards and green spaces, private terraces and balconies, secured underground parking, controlled lighting systems, and premium appliances such as Wolf and Sub-Zero. Residents and visitors also have access to an onsite guest suite and concierge service.

    The development is going onto a vacant plot of land that was previously an older two-story apartment building. It is not the seven-story, multifamily apartment complex planned along the Katy Trail that Highland Park objected to; that one is a few blocks over, at 4719 Cole Ave.

    Robert Elliott Custom Homes is also building 15 townhomes on Milton Avenue in University Park, adjacent to Snider Plaza. Its parent company, Stillwater Capital Investments, is constructing a 180-unit multifamily development in Dallas on Peak Street, and it will break ground in the spring on a 588-unit multifamily complex on Amesbury Drive near the intersection of East Lovers Lane and Greenville Avenue.

    unspecified
    news/real-estate

    real estate report

    Dallas housing market rebounds with boost in new home sales, per report

    Amber Heckler
    Jun 25, 2026 | 1:00 pm
    New home development
    Photo by Troy Mortier on Unsplash
    The North Texas housing market is showing good signs ahead of summer, according to the report.

    A new HomesUSA.com report tracking the sales of new homes in Dallas-Fort Worth has revealed a promising decrease in local housing prices and a surge in new home sales in May.

    The New Home Sales Report tracks three-month moving averages across Dallas' housing market and also tracks real estate data in Austin, Houston, and San Antonio.

    May new home sales in DFW rose to 2,122 closed transactions, up from 1,947 in April, and they sold for near asking price with the average sales-to-list price ratio at 97.57 percent. The average price for a new home in the Metroplex fell to $460,012 last month, a $6,350 decrease from April, the report found.

    Another welcome trend is that current new home prices are about $10,000 cheaper than they were a year ago.

    The average days on market — meaning the average time it takes to sell a new home — remained relatively flat month-to-month at 148.09 days.

    New homes in the metro are taking longer to sell now than they were a year ago, when the days on market was 143.13 days in May 2025. However, the report adds clarification that new homes typically spend more time on the market than existing homes because many are listed for sale while still under construction.

    HomesUSA.com CEO Ben Caballero predicted May's new home sales could be "the highest for the year if interest rates remain at the current level or higher."

    "May brought another encouraging increase in Dallas-Fort Worth new home sales, but the market is about where it was a year ago," he said. "Dallas builders are seeing homes sell a little faster than they did in April, which is good news. But higher inventory, stubborn mortgage rates and mixed year-over-year comparisons show this spring market still requires patience, pricing discipline and close attention to buyer demand."

    Dallas currently leads the nation with the most new home construction for 2026, with over 11,000 new residential building permits issued in January and February alone.

    real estate reporthousing marketreal estatehome for saledallas
    news/real-estate
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