East Dallas Up Another 12%

[Lakewooder]

http://www.dallasnews.com/s/dws/spe/2006/homesale/3_2006/price.html

It seems there have been double digit increases in appreciation in every report by Steve Brown for the last 5 years....This is all of area 12, which includes parts of South Dallas and the less desirable areas of Far East Dallas such as Casa View and part of the Grove. So I would expect Lakewood/MStreets/Lower Greenville was even higher..

East Dallas had as many sales as Frisco and McKinney and is now more expensive than most suburbs. The price per square foot is now more than Far North Dallas and Colleyville...and the median price of all of East Dallas is only $4,000 less than Plano.

[Columbus Civil]

My house has appreciated 56% in one year according to that goofy zillow site.

[VectorWega]

East Dallas is certainly a great place to live. No comment on the zillow site though.

[Columbus Civil]

No comment on the zillow site though.

I think it gave me a similar depreciation value six months ago.

[Lakewooder]

Zillow does not have MLS information for the state of Texas, it goes on county appraisal districts and takes tangents from there...

[UrbanHope]

They need to work on the map a little bit, and redefine these areas. The Are 12-East Dallas part includes an area from 75 east to the city limits, East Dallas, and South Dallas. It also goes from Loop 12 to below I-30.

[LakeRidge]

Since this is based upon county appraisals, could I also interpret the information to suggest people in district 12 fight property value increases by county appraisal districts less than people in other districts?

From my understanding of this data, if residents in district 12 and district 14 had equal property value increases during the appraisal process, but residents of district 14 fought these property value increases successfully then this data would show that property values were up for district 12, but not district 14, which would be false.

Is there anyone who publishes reports based upon MLS posted sales?

[VectorWega]

Since this is based upon county appraisals,

Actually, these are based on actual sales. What they were talking about was another website called Zillow which is based on county appraisals. That being said, even these numbers can be very misleading.

On a side note, apparently if you live in West Dallas you actually live in either Oak Lawn or Irving.

[Insidetheloop]

East Dallas real estate can only go up. The only thing keeping it from really taking off is the smaller lot sizes. Not that the smaller lots are keeping people from doing teardowns anyway.

[Lakewooder]

The lots vary quite a bit in Lakewood, and the northern reaches have much wider lots with ranch homes and even those 100' + wide ramblers you see around the west side of the lake such as Westbay Circle over on up into Brookcove, Fisher etc. Alexander, Southridge, Northridge, Wabash, Delrose and other streets have some huge lots -- also a lot of the homes on creeks have such lots

You would be surprised at the number of teardowns on streets like Ellsworth, Anita, Kenwood, Sperry and so forth, all the way up to Trammel and Fisher. Trammel has some lots that are 175' deep. Fisher has lots large enough for horses. Also, streets with big lots such as Mercedes and Malcolm between Skillman and Abrams have a lot of construction. Some lots are so large they have been subdivided in certain places, as there are little scattered estate sections all over...

The older subdivisions such as Vickery Place and Lakewood Heights have smaller lots, but that's been where most of the teardown action has happened. They're not always small though, it varies by street. Richmond , Belmont and Prospect have some very deep lots.

The CDs and HDs are going in on the smaller lot areas, perhaps because that's where McMansions are the most oppressive to neighbors.

If the teardown trend continues on past the huge lots of Forest Hills on over to Casa Linda Estates and Lochwood, we are talking about the potential for a number of very large homes being built in Area 12.