Hot Properties

Real estate authority asserts Dallas is second hottest U.S. market right now

As the spring homebuying season approaches, the Dallas-Fort Worth market is expected to be the second-hottest in the country behind only Waco, according to experts at Realtor.com. By examining the median age of housing inventory in February and traffic on the site, Realtor.com’s chief economist Jonathan Smoke says these two Texas markets are primed to lead the pack.

The median age of housing inventory in Dallas-Fort Worth-Arlington is 62 days. That’s the best in Texas and 41 days shorter than the national average of 103. Although Waco doesn’t appear in the top 20 on that list, it earns the title as hottest projected market because of online activity.

Active Waco listings on Realtor.com are viewed, on average, 335 times — the highest in the country. Dallas comes in second, at 219 pageviews per active listing. To put that in perspective, the national average is 73 pageviews per active listing. No other Texas market made the top 20.

Smoke says that for Dallas, both metrics indicate that buyers are gearing up to hit a market that sellers are taking advantage of.

“It’s a good measure that supply is getting tighter when you see that the age is getting lower, then demand is increasing faster than supply,” he says. “It’s a two-edged sword. It’s great if you’re an existing homeowner or seller, but it’s what’s behind prices accelerating and declines in affordability.”

The supply issue is affected by an inventory that shrank 30 percent between January 2014 and January 2015, as there were 16,000 homes available for sale in the area at the beginning of 2015.

“It is tight,” Smoke says. “It’s an issue broadly across the U.S., and one way to characterize what we’re seeing in Dallas is that it’s following the national trend but more intensely.”

Smoke says that there is relief for buyers on the horizon, because February’s inventory is expected to be up from January when the full numbers come in later this month.

“Typically you see an inventory increase this time of year,” he says. “Warmer markets get prepared for the spring selling season. There’ll be a large number of listings in March; the market is reacting, and inventory is increasing.

“We think that the inventory is going to be up [in Dallas] about 4.5 percent.”

Here is the complete list of Realtor.com’s 20 hottest markets right now:

Waco, Texas
Dallas-Fort Worth-Arlington, Texas
Santa Rosa, California
Denver-Aurora-Lakewood, Colorado
Vallejo-Fairfield, California
Ann Arbor, Michigan
Fort Wayne, Indiana
Santa Maria-Santa Barbara, California
Charleston, West Virginia
San Luis Obispo et al, California
Columbus, Ohio
Boulder, Colorado
Detroit-Warren-Dearborn, Michigan
Hartford-West Hartford et al, Connecticut
Manchester-Nashua, New Hampshire
San Francisco-Oakland et al, California
San Diego-Carlsbad, California
Charleston-North Charleston, South Carolina
Toledo, Ohio
Boston-Cambridge-Newton, Maine/New Hampshire

reports

Henderson Avenews

Dallas' Henderson Ave. project lands 11 new tenants from bagels to boots

Photo courtesy of PopUp Bagels

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A major mixed-use development taking shape on Dallas’ Henderson Avenue has signed 11 new retailers and restaurants, including a viral bagel shop, the first Dallas location of a major Western brand, and more food, fashion, and wellness destinations.

According to a release, the 161,000-square-foot (as-yet-unnamed) mixed-use development from New York-based Acadia Realty Trust and Dallas development firm Ignite-Rebees, under construction along a quarter-mile stretch between Glencoe Street and McMillan Avenue, will be complete in late 2026 (or "Q4" in business speak).

The newest additions include several brands making their debuts in Dallas, Texas, or even all of the United States.

In alphabetical order, the new tenants include:

Alberta Boot Co. — Canadian Western bootmaker opening its first U.S. store.
Ariat — Western and performance apparel brand with a shop in the Fort Worth Stockyards, but none in Dallas yet.
Cami — Women’s fashion label known for elevated basics and contemporary style.
Cody & Sioux — Western-inspired retailer opening its first U.S. location.
Guizio — Streetwear-influenced women’s fashion brand making its Texas debut.
Jean Dousset — Fine jewelry and engagement ring designer opening its first Texas location.
Margaux — Luxury footwear and accessories brand opening its first Texas storefront.
Sway Wellness — Wellness retailer specializing in hemp-derived products.
Rag & Bone — Fashion retailer relocating from its temporary Henderson Avenue location.
Salt & Straw — Portland-based artisanal ice cream shop that opened May 15.
PopUp Bagels — Viral bagel shop from the Northeast, slated to open later this summer, the second location after a recent Dallas debut in Inwood Village.

The project will ultimately include approximately 75,000 square feet of retail space, 12,000 square feet of restaurant space, 74,000 square feet of office space, and 500 underground parking spaces, the release says.

“The addition of these distinctive brands reflects our commitment to curating a retail environment that is both leading-edge and deeply engaging,” says Mark Masinter, managing partner and co-founder of Ignite-Rebees, in the release. “Henderson Avenue is evolving into something really special and intentional, and these tenants — and the soon-to-be announced next round of tenants — are a reflection of that.”

Henderson Avenue development A rendering of 2200 N Henderson Ave, with design by GFF. Rendering by Pictury

Construction teams have completed the structural phase and are now moving into interior build-outs and finish work. Dallas-based architecture firm GFF designed the project as a collection of 10 distinct buildings connected by landscaped walkways and public gathering spaces.

The development will also include the previously announced Romy, an all-day bakery-cafe and restaurant from hospitality team Tristan Simon and Taryn Anderson alongside chef Matt Ford.

“When the project is complete, Henderson Avenue will feature an extraordinary mix of brands housed in a collection of design-forward buildings that you simply won’t find anywhere else in Dallas,” Masinter says.

development bagels henderson-avenue