Home buyers typically have two principal tasks to accomplish. First, they identify the best places for them to buy a home, and then proceed to selecting and purchasing a home. Both tasks have their challenges, but in adverse market conditions the second task becomes more difficult and the assistance of an experienced buyer's agent can be especially valuable.
Assisting hundreds of clients with selecting and buying homes in the north Dallas area and observing the Dallas Fort Worth residential real estate market for more than a decade has made it clear to me that home buyers are most likely to find the northwest Dallas suburbs and park cities/north Dallas to be the best places in the greater Dallas area both to live and to buy a home. This conclusion is supported by the various analyses presented in the Best Places To Live section of this website.
As would be expected, both of these areas has its own distinctly unique character, but still in some respects the towns and cities in them are more similar than different ...
Additional residential real estate analyses and facts about Argyle/Double Oak, Colleyville, Coppell, Flower Mound, southwest Frisco, Keller, Grapevine, Highland Village, west Plano, Southlake, Trophy Club and Westlake, which are located in the northwest Dallas suburbs, and Highland Park, University Park, and north Dallas, located in the park cities/north Dallas area, are provided in the Northwest Dallas Suburbs and Park Cities/North Dallas sections.
Unfortunately, the supply of houses currently listed for sale in both these areas, and in most other parts of the DFW metroplex as well, is considerably less than half of the six months supply many real estate analysts consider a balanced market. In the northwest Dallas suburbs, only a 1.7 months supply of houses was listed for sale during March. The situation for buyers in park cities/north Dallas area, where a 2.3 months supply was available, is only a bit less problematic.
Making matters worse, the already limited supply of houses available throughout the DFW metroplex is likely to contract even more during the next few months. For home buyers, this situation is pretty much the definition of adverse market conditions.
Nevertheless, if your near term plan is to buy a home in the Dallas Fort Worth area and the northwest Dallas suburbs and/or park cities/north Dallas are reasonably convenient to your place of work and other frequent driving destinations and the prices of houses in these areas fit within your budget, you definitely should take a look at them. The towns and cities in both areas are really great places to live.
This website has been designed to be especially useful for people who are moving to the Dallas area and considering where they want to live. Pages like this local market conditions page are updated monthly. MLS listings are, of course, updated daily.
If you found this site by entering a search phrase such as 2015 best places to live in Dallas, 2015 best Dallas suburbs or 2015 best Dallas schools, please be assured that all of the annual rankings presented on this website are based on the most current data available and that as more current data becomes available they also are updated in a timely manner.
If you are looking for an uniquely qualified buyer's agent who works personally with each of his clients, please call 972 355-3511 or send me an e-mail and let's talk about how I can assist you. If you will be coming from outside the DFW area and want me to show you houses while you are here, please call me before finalizing your travel plans.
Information on this website is gathered from numerous sources. It is thought to be accurate but is not guaranteed.