Dallas Real Estate Like many major US cities, Dallas has experienced an "urban renewal" in the 2000s. From the mid-1980s to 2005, not a single highrise structure was built within the downtown freeway loop.

Dallas is the third-largest city in the state of Texas and the ninth-largest in the United States. The city is also large in geographic area as it covers 997 km² (385 mi²).

The Real Estate Times in Dallas, Texas
Dallas is a city that provides contrast. From the humble beginnings as a desert town to a bustling metro area, the Dallas Ft Worth corridor is now home to millions of people from all walks of life. The Dallas area real estate market is ever present as you see billboards for the latest and greatest in condominium living and urban master planned residences. From the presales launches of condo towers to the pre-construction cranes dotting the city skyline, the Dallas Fort Worth community is on the rise both in terms of skyscrapers apartments as well as density within the city limits. With many large corporate headquarters as well as a thriving young entrepreneurial spirit in what is known as the gem of the Texas backcountry, real estate in Dallas has become a great investment for many home owners who purchased their properties back in the 60s and 70s only to find that their condo and home investments have now more than quadrupled in market value. Not bad for a real estate pre-construction market that was at a standstill not more than ten years ago as many jobs left the city and the economic outlook was not very bright. Well, welcome to the new century and the Dallas pre-sales real estate opportunities are everywhere to be found. It is hard to imagine that this huge and sprawling city of six million is the third largest metropolis in Texas State and the real estate corridor including Dallas Ft Worth Arlington is the fourth largest metro area in all of the country. Property and condominium apartment tower high-rises are starting to show up close to or in the downtown districts, creating an urban flair that has a new beginning in this suddenly chic and trendy city. From local amenities to conveniences such as grocery stores, entertainment, nightlife, clubs, restaurants, bistros, eateries, libraries, schools and medical centers all close to the new pre-construction condo homes in Dallas Fort Worth, it is no wonder that many residents are moving back closer to the city center as the lifestyle changes have been quite phenomenal in such a short period of transition and gentrification.

The Pre-Construction Property Scene at It's Peak
The Dallas pre-construction condos and apartment suites are high-end and affordable, functional and urban chic to say the least and it is attracting not only first time homebuyers, but also retired couples downsizing, young professionals and families. Whether it be townhome residences or luxury apartment condominiums, the new pre-sales construction properties in Dallas and Fort Worth are definitely worth a look as many of the pricing structures are still very much affordable for the regular income earners and are even better deals for real estate professional investors looking for the next great market in Texas. With a great climate (sunny almost every day) and few risks of natural disasters (compared to California and Florida) and with resort style developments sprouting up close to golf courses, recreational real estate in Dallas and Fort Worth Arlington are also on the rise as many people want a second home or somewhere to escape to during the holidays. In addition, Dallas is also attracting a huge number of retirees who have opted for something different then Phoenix, Arizona. With this, the Dallas property real estate pre-construction and presales markets will undoubtedly stay steady for the next few years even if consumer confidence continues to decrease and the bank lending rates continue to increase.

In the 2000 U.S. Census, Dallas Texas had a total population of 1.1 million (though a 2004 estimate placed the population at more than 1.2 million). The city is the main cultural and economic center of the Dallas-Fort Worth-Arlington metropolitan area (often referred to as Dallas/Fort Worth Metroplex), which is the fifth-largest metropolitan area in the U.S. with a population of 5.7 million in 12 counties.

Dallas Climate
Dallas gets about 760 mm (30 in) of rain per year, much of which is delivered in the spring time. The climate of Dallas is classified a humid subtropical climate, yet this part of Texas also tends to get hot, dry winds from the north and west in the summer. In the winter, the winds are cool, which can cause the region to fall below freezing several times a year. A few inches of snow for a day or two falls about once each winter, and about every other winter the cool air from the north and the humid air from the south lead to freezing rain, which usually causes the city to come to a screeching halt for a day or two if the roads and highways become dangerously slick. Regardless, winters are relatively mild compared to the Texas Panhandle and other states to the north. Dallas winters are occasionally interspersed with Indian summers.


History of Dallas
Native Americans inhabited the Dallas area before it was claimed, along with the rest of Texas, as a part of the Spanish Province of New Spain in the 1500s. The area was very close to French territory, but the boundary was carried upward a bit in 1819 with the Adams-Onís Treaty. Another European who probably visited the Dallas area was Athanase de Mezieres in 1778. De Mezieres, a Frenchman then in the service of the King of Spain, crossed the West Fork of the Trinity River near present-day Fort Worth.

Real Estate Boom in Dallas
Like many major US cities, Dallas has experienced an "urban renewal" in the 2000s. From the mid-1980s to 2005, not a single highrise structure was built within the downtown freeway loop. In 2005, three towers began construction amid tens of residential conversions and smaller residential projects. By the year 2010, the North Central Texas Council of Governments expects 10,000 residents to live within the loop. Just north, Uptown is one of the hottest real estate markets in the country. At the beginning of 2006, nine highrise residential condo buildings or hotels were under construction in that area. Leading the way is the US$500M phase two of Victory, a US$3B+ project. At full build-out, it should contain more than 4,000 residences and 4 million square feet of office space.

The Arts District in downtown is also expected to become a major point of growth for real-estate. As the Dallas Center for the Performing Arts Foundation implements construction on several new projects in its master plan for the area. When the new Winspear Opera House (Norman Foster and Partners) and Wyly Theatre (Office for Metropolitan Architecture-Rem Koolhaas) join the existing Nasher Sculpture Center (Renzo Piano) and Meyerson Symphony Center (I.M. Pei and Partners), Dallas will be the only city in the world that has four buildings within one contiguous block that are all designed by Pritzker Architecture Prize winners.

Dallas Economy
Dallas and the surrounding metroplex is very important economically. The city is sometimes referred to as Texas's Silicon Valley or the "Silicon Prairie" because of a high concentration of telecom companies. The epicenter of the area's telecom industry is along the "Telecom Corridor" which is home to more than 5,700 telecom companies and regional offices large corporate companies.

The People of Dallas
Of the 1.1 million people living in Dallas there are 50.83% white caucasions, 25% Black or African Americans, 2.7% Asian Americans and over 35% are Hispanic or Latino. Hispanics outnumbered African-Americans for the first time in the 2000 census as the largest minority group in Dallas. Many newly-arrived Hispanics have settled in poorer neighborhoods like Oak Cliff that were once predominantly African American. While Hispanics have moved in, many African Americans have migrated further south to cities like Cedar Hill or DeSoto that were predominantly White communities until recently.

The Major Neighbourhoods of Dallas
Downtown Dallas, East Dallas, North Dallas, Oak Cliff, South Dallas, Uptown, West Dallas