Home Price Appreciation (Dallas, Plano, Carrollton: sales, apartments, new home)

[noname]

It looks like University Park/Highland Park have appreciate more than other Dallas suburbs over the last few years -- but now are really too expensive to buy into except at the $700-800+ level.

Where do you see the most future price appreciation in the mainstream North/Northwest suburbs (Southlake, Keller, Flower Mound, Lewisville, Colleyville, Grapevine, Coppell, Las Colinas/Valley Ranch) for homes in the $300-400 range?

My guess is that Southlake will appreciate the fastest because of excellent schools, good reputation (i.e., #1 suburb), new homes being built almost exclusively in the $600-700+ range, and appealing amenities (outdoor mall area). Colleyville might be close to Southlake for the same reasons.

My guess is that Las Colinas/Valley Ranch will have the lowest appreciation because of the schools (Carrollton-Farmers Branch) and poor planning (mix of apartments, mass retail, neighborhoods, etc.).

Any other opinions?

[socketz]

Southlake is already pretty high and approaching CA prices per sq/ft....

For me.....

On a map, follow the North Dallas Tollway out of the park cities...

Observe how all of the towns along the Tollway have appreciated nicely.

Observe all the country clubs and upscale shopping centers....

Look at where the Tollway is now and where it will go....

I think the tollway is key - 1/2 miles on each side is pretty much golden.

[dfwtx]

That's what the sales person in Panther Creek community told us....she said that she saw a LOT of changes in just the last 2 years....so things are only going to get better around the tollway.

[socketz]

I just wish I could practice what I preach.

I know that in 5 years the insane construction traffic will be a non issue, plus I know the area will be a mirror of West Plano...but when I go there and sit on Eldorado for 5 light changes, or make that crazy west bound Lebanon detour around a giant hole in the earth that will one day be the tollway....I get scared and typically drive back to mature West Plano and breath a sigh of relief.

It's just a bit chaotic up there....but if you can truly preservere, I think your investment will return solid results. I also think that the brunt of the appreciation has already been realized over the past 18 months in Frisco. In many lower cost areas like Grayhawk and Lone Star Reach, the homes have gone up over 100k in that time. That's not typical for Texas.