Softening in RE market?? (Dallas, San Antonio: castles, pine, architectural)

[Rakin]

Originally Posted by BigDGeek

What's "old"?


We sold an old house in a bidding war involving multiple offers.

LOL...Yeah. Some of the hottest home sales are older homes. You can't beat the location, big trees and larger lots for the price.

Many sell for a real Premium especially if you don't want to be in Cracker Box reach out your window and touch your neighbor type homes.

But as long as I get a deal, I don't mind backing to a freeway and DFW Airport or a home built by one of the worst builders in Texas. I can tell all my friends how good a deal I got. Then I'll want to resale it for full value, just ignore that busy street / highway, the city dump or the Walmart I back up to.

After all, the Builder told me he was giving me a deal.

[TheOverdog]

I've seen some slowdown in my neighborhood finally. There are perfectly fine houses sitting on the market for the past few months. Prices are below $500k for nice neighborhoods of older homes with good schools. Price drops are coming slowly - $10k per month.

[Katana49]

Our area in Prosper still saw gains but overall the market around here for homes in the $450-$750k range was lukewarm, ie, normal price appreciation.


Those who were priced right sold, those who were overpriced did not. We had two homes close by that were priced about $30-40k too high for a couple months. They both did a very small price reduction, one did $5k and the other did $1k, still overpriced, but they just took their homes off the market vs reducing any further. Anecdotal of course, but my feeling for this area is that demand is still reasonably strong and sellers are not viewing it as a buyer's market. Not by a long shot.

[BigDGeek]

Originally Posted by Rakin

LOL...Yeah. Some of the hottest home sales are older homes. You can't beat the location, big trees and larger lots for the price.

Many sell for a real Premium especially if you don't want to be in Cracker Box reach out your window and touch your neighbor type homes.

But as long as I get a deal, I don't mind backing to a freeway and DFW Airport or a home built by one of the worst builders in Texas. I can tell all my friends how good a deal I got. Then I'll want to resale it for full value, just ignore that busy street / highway, the city dump or the Walmart I back up to.

After all, the Builder told me he was giving me a deal.

LOL right?


We sold in a very established area that is essentially 100% built out and moved to an area that is also well established (though much newer...30 years old vs 60-70 years old) and over 95% built out. No danger of anyone building anything wacky anywhere near us....all the available land is already built on within a 2 mile radius.

Originally Posted by TheOverdog

I've seen some slowdown in my neighborhood finally. There are perfectly fine houses sitting on the market for the past few months. Prices are below $500k for nice neighborhoods of older homes with good schools. Price drops are coming slowly - $10k per month.

We're seeing the same thing; we probably live in the same neighborhood.

[Treasurevalley92]

Originally Posted by Capitalprophets

No one wants an old house if you can buy a brand new for 10% more in price. Unless you’re sitting on prime real estate with everything available in walking distance.

I much prefer older homes.

Part of it is the location since they are almost always in a better location.

Another part of it is landscape: I much prefer mature trees, not a bunch of little stick trees that won't be mature until I'm an old man.

The final part of it is taste. I think most newer homes are uglier than sin with their tacky miss-matched styles.

https://www.google.com/maps/@33.1398...7i16384!8i8192

https://mcmansionhell.com/post/17534...l-texas-part-1

I like more traditional looking homes as well as mid-modern with the clean lines.

[calgirlinnc]

Originally Posted by Treasurevalley92

I much prefer older homes.

Part of it is the location since they are almost always in a better location.

Another part of it is landscape: I much prefer mature trees, not a bunch of little stick trees that won't be mature until I'm an old man.

The final part of it is taste. I think most newer homes are uglier than sin with their tacky miss-matched styles.

https://www.google.com/maps/@33.1398...7i16384!8i8192

https://mcmansionhell.com/post/17534...l-texas-part-1

I like more traditional looking homes as well as mid-modern with the clean lines.

I wouldn't say they are ugly, but I don't quite understand the trend of building castle type homes around here, complete with turrets.

The McMansion writer isn't wrong, but he comes across as a jerk.

[TheOverdog]

I wouldn't say they are ugly, but I don't quite understand the trend of building castle type homes around here, complete with turrets.

I'm backwards, because I don't think they look great, but I'd take them over a squatty ranch neighborhood in a heartbeat. At least they try (too hard) to make them look unique. If they would just simplify the rooflines and the bizarre and random contrasting brick/stone veneer, they'd be much better looking and easier to maintain. At least hire someone with some taste that can make sure the random brick and stone actually match.

[calgirlinnc]

Originally Posted by TheOverdog

I'm backwards, because I don't think they look great, but I'd take them over a squatty ranch neighborhood in a heartbeat. At least they try (too hard) to make them look unique. If they would just simplify the rooflines and the bizarre and random contrasting brick/stone veneer, they'd be much better looking and easier to maintain. At least hire someone with some taste that can make sure the random brick and stone actually match.

You know what I would like? Architecture that is historically appropriate to a home's geographical location. So Texas vernacular homes in Texas. Pretending we all live in medieval Europe while the Lexus and Mercedes sit in the driveway seems so off, somehow.

[BigDGeek]

Originally Posted by calgirlinnc

You know what I would like? Architecture that is historically appropriate to a home's geographical location. So Texas vernacular homes in Texas. Pretending we all live in medieval Europe while the Lexus and Mercedes sit in the driveway seems so off, somehow.

Agree 100%.

[TheOverdog]

Looking at the home chart for Virginia McAlester (Dallas resident) who literally wrote the book on US home styles, there is no 'Texas vernacular style'. So the closest we get is mcmansion.