Race To These Residences

Affordable price belies the awesome amenities at these Dallas condos

Dallas, this is the latest in urban living: The Shelby Residences has just emerged from a complete renovation, resulting in 55 contemporary residences offering the best in urban, modern homeownership in the vibrant and up-and-coming University Crossing neighborhood.

Owners at The Shelby Residences take advantage of its location, which is just moments from downtown, Mockingbird Station, Lower Greenville, and the SMU campus. In the mood for a burger? Walk downstairs to Twisted Root Burger Co. Other dining options just steps away include Torchy’s Tacos, Bahn Shop, Nodding Donkey, and Barley House.

Fitness addicts can get their fix at Crossfit Dallas Central or CorePower Yoga, both within walking distance. Essential beauty services are just as convenient: Less than a half-mile down the road are Castle Nail Spa for regular mani/pedis and Pouf for makeup applications or blowouts.

The University Crossing neighborhood is so hot, in fact, that there are plans for a pedestrian bridge across Mockingbird Lane and an extension of the Katy Trail through the area. Construction of the bridge starts in October and is expected to wrap up in early 2017. This only scratches the surface of the millions of dollars being poured into this vibrant community.

As for the property itself, amenities abound, even before you set foot inside your condo. The Shelby Residences is flush with fresh, contemporary art, and owners can take advantage of a new Owners’ Lounge and the lush rooftop terrace with fire pits, comfy seats, gas grills, and dining spaces. The condo complex also features a fitness center and a “barking lot” to accommodate friends of the four-legged variety.

Once inside, it’s easy to see that The Shelby Residences are at the forefront of design trends, with Puccini porcelain wood flooring, quartz countertops, and stainless appliances. Properties also include ensuite laundry, walk-in closets, views of downtown, and lots of added storage space.

Perhaps the best part of owning a condo at The Shelby Residences, however, is the price: One- and two-bedroom homes currently start in the low $200,000s.

“With the open concept interior layouts and breathtaking views of downtown Dallas and the beautiful SMU campus, you will be hard pressed to find a like-new building in this area at this price point,” says Brent Halvorson, vice president of the Marquis Group, which owns The Shelby Residences. “We feel that it is a great option for Dallas professionals, SMU graduate students, SMU alumni, and faculty ready to own.”

Stop by The Shelby Residences’ open house on Wednesday, September 16, to see it all for yourself. To get more information, visit the website or call one of the sales specialists at 817-733-4869.

The 55 units at The Shelby Residences start in the low $200,000s.

Photo courtesy of The Shelby Residences

The 55 units at The Shelby Residences start in the low $200,000s.

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homebuyer power play

Dallas declared one of the top 10 buyer's markets in the U.S. right now

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The tide has turned for the Dallas housing market, and buyers now have more power than ever to negotiate on their forever home, a new real estate report has confirmed.

Dallas has now become one of the top 10 strongest buyer's markets in the nation with sellers outnumbering buyers by 107 percent, Redfin's newest market trends report found.

Nationally, sellers outnumbered buyers by 58 percent in August 2026, which Redfin says is the largest gap on record. Out of the 49 most populous metros in the U.S., only five are considered seller's markets, and eight are considered "balanced" markets where the number of buyers and sellers are nearly equal.

That leaves the remaining 36 most populated U.S. metros as buyer's markets, which includes the biggest cities in the Lone Star State. In fact, four Texas cities rank among the 10 strongest buyer's markets in the country right now: Houston (No. 3), San Antonio (No. 6), Austin (No. 7), and Dallas (No. 8).

There were 30,854 sellers on the market in Dallas last month, more than double the amount of buyers (14,865). The market's tilt in favor of house hunters allows more legroom to be picky with the increased supply of available housing, while falling demand indicates less competition with other buyers.

"In most markets, buyers should negotiate on price and ask for concessions like repairs or help with closing costs," said Redfin senior economist Asad Khan. "Buyers shouldn’t assume every seller will budge, especially on a desirable home that’s already priced well, but they don’t need to rush into a deal that doesn’t feel right."

For sellers that want to stand out in a saturated market, Redfin suggests they should price their homes competitively and be prepared to negotiate.

A separate Redfin report found mid-September is the best time for Dallasites to buy a home, but other experts say hesitant shoppers have until early October to take the plunge.

Regardless of the timeline, the report warns that the recent surge of available housing is only beneficial for homebuyers that can afford it.

"High housing costs and widespread economic uncertainty have caused many would-be buyers to back off in recent years, creating the imbalance of buyers and sellers we see today," the report said.

The median price of a home in Dallas came out to $408,561 in August, though 79 percent of all home sales in the city sold for below their original asking price.

The top 10 strongest buyer's markets in the U.S. are:

No. 1 – Nashville, Tennessee
No. 2 – Miami, Florida
No. 3 – Houston, Texas
No. 4 – Orlando, Florida
No. 5 – Las Vegas, Nevada
No. 6 – San Antonio, Texas
No. 7 – Austin, Texas
No. 8 – Dallas, Texas
No. 9 – Atlanta, Georgia
No. 10 – Phoenix, Arizona

"Nashville, Texas, and Florida are home to robust buyer’s markets partly because they have some of the most active homebuilding pipelines in the country, with newly built homes continuing to hit the market even as demand cools," the report said.

real estate housing market dallas real estate report housing

Race To These Residences

Affordable price belies the awesome amenities at these Dallas condos

The 55 units at The Shelby Residences start in the low $200,000s.

homebuyer power play

Dallas declared one of the top 10 buyer's markets in the U.S. right now

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