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Texas is big business in relocation


DFW Metroplex a Hot Bed of Relocation

DAS  Auto shippers taking away our car

A local Dallas area company DAS has direct relationships with human resources departments both locally in North Texas and throughout the U.S.  So what is the business service that DAS brings to major Fortune 500 companies? When people relocate to a new city or region they move their furniture and they also have personal vehicles that might need to be transported to the city to which their relocating.

That’s where DAS comes in.  When companies move employees they use a third-party relocation provider and DAS ships about 4,000 cars a year into Texas currently.  Texas is one of their best relo states as residents move out of the North and Rust Belt region plus many companies from the Golden State of California are moving to Texas as the cost of doing business is much lower in Texas compared to California . Overall DAS is one of the bigger relo car transporters as they will transport more than 102,000 cars this year.

TAKEAWAY:  Texas with its business friendly environment of lower taxes and employee’s cost of living is a hot bed for new companies moving their corporate headquarters to the Lone Star state, especially the DFW Metroplex

Building Blocks – Construction Costs of a $310,619 Home


Construction Costs and its affect on the Housing Recovery

home_sale

Ever wondered what the cost by category of a new home home build is?  Here’s the sales price breakdown for a home with a final sales price of $310,619 by percentage/$ cost.

CONSTRUCTION COSTS  BREAKDOWN:

    • Finished Lot Cost 21.7% or $67,551
    • Total Construction Cost 59.3% or $184,125
    • Financing Cost 2.1% or $6,669
    • Overhead and General Cost 5.2% or $16,306
    • Marketing Cost 1.5% or $4,645
    • Sales Commission 3.3% or $10,174
    • Profit 6.8% or $21,148 = $310,619/100%

TAKEAWAY: Someone building a home needs to be cognizance that there is:

“NO PERFECT HOME”

Even after you go through the build process to build that,

PERFECT… PERFECT HOME ….when you move in it still won’t be perfect.

You’ll find yourself going …. I shoulda done this …. or wish I’d done that.

And that’s perfectly normal because everyone does it!

Source: Tierra Grande, Journal of Real Estate Center at Texas A&M University

WHOA! ADM considers Dallas for global headquarters location


ADM Considers Dallas

ADM considers Dallas

If ADM does choose Dallas, as its global headquarters,  it would add to Dallas’ resume of Fortune 100 companies.

Archer-Daniels-Midland Co (NYSE: ADM) is considering Dallas for its global headquarters.

ADM executives,  the world’s largest corn processor, is looking for a location from which international travel would be easier.

ADM’s current headquarters are in Decatur, Ill.  Dallas/Fort Worth International Airport has often been cited as the reason for companies moving their headquarters to DFW.

If ADM did choose Dallas as the location of their global headquarters roughly 100 corporate employees would be relocated here and the Decatur facilities would remain its North American headquarters.

As one of a few cities ADM is considering for relocation of its global headquarters, if chosen, this would certainly add to  Dallas’ having a multitude of Fortune 100 companies with headquarters in North Texas. ADM is currently #100 on the Fortune 100 list of  Fortune 100 companies.

Slalom Consulting a national business and consulting firm lands spot #9 for Best Place to Work by DBJ


Slalom Consulting jumps from #18 to #9 best place to work in DFW

Dallas Real Estate

The Dallas Business Journal yearly publishes a list of small, medium and large business firms recognizing them as a Best Place to Work company.

The #9 slot for a medium sized company went to Slalom Consulting a national business and technology consulting firm.

Slalom ranked #18 on the 2012 list so they’ve jumped up a total of 9 slots to #9 in 2013.  This honor is bestowed on a firm via a survey of a companies employees that asks questions about the organization.

Slalom came into the Dallas market in 2007 and currently has 150 employees in their Dallas office.  Slalom is known for their innovative work in technology solutions for healthcare, financial services and retail.

Needless to say all three are good fields to be involved in but healthcare is (my opinion) is probably their toughest category with the implementation of Affordable Healthcare (aka Obamacare).

Slalom Consulting, founded in 2001 and based in Seattle has since grown to over 2,200 consultants nationwide.  The company is no slouch when it comes to being ranked in various business categories as Consulting Magazine has ranked them as a Top 10 Best Firms to Work For.

Congrats to the Dallas office of Slalom Consulting on their continued accomplishments and growth.  Look forward to seeing what slot # they’ll be in 2014 on the Dallas Business Journal  list of small, medium and large business firms recognized as a Best Place to Work company.

Hot Tuesday: Top 25 DFW areas that are selling fast!


Hotness Factor:  MLS Area Housing Activity Report

Arts District

On the 8th of every month MLS sales are publicly released.  They are reported by anybody and everybody.  And usually people that don’t buy or sell real estate. That’s not a dig, just a fact.

I don’t like these reports for 2 reasons:

  1. The reporting is too early in the month  for the previous month because all the sales data has not been entered.
  2. It gives broad activity of the DFW market not the micro market that we all live in.

One report that isn’t talked about too much is: Sales Closed by Area, Ranked by Hotness.

What is it?

The hotness ratio is pending sales as a percent of active listings.  In other words, where buyer demand is.  It’s put together by the Texas Real Estate Center, a very credible source.

MLS areas target more precise locations and sales activity for buyers & sellers to watch the market.  All properties are entered into the MLS by area, sub area etc.  There are 141 area in the MLS.  So without further ado….

Here’s the Top 25 MLS Areas of Hotness for Single Family

  1. Area 9 The Colony
  2. Area 90 Arlington (Kennedale)
  3. Area 274 GRAND PRAIRIE-NEW 3
  4. Area 88 Arlington SE
  5. Area 124 Grapevine
  6. Area 5 Mesquite
  7. Area 106 FW South (Everman/Forest Hill)
  8. Area 86 Arlington Central SE
  9. Area 23 Richardson
  10. Area 15 Dallas South Oak Cliff
  11. Area 130 FW-Summerfield/Park Glen
  12. Area 120 Bedford
  13. Area 122 Hurst
  14. Area 51 Allen ISD
  15. Area 24 Garland
  16. Area 22 Carrollton/Farmers Branch
  17. Area 53 McKinney ISD
  18. Area 89 Arlington (Mansfield)
  19. Area 121 Euless
  20. Area 50 Wylie ISD
  21. Area 271 GRAND PRAIRIE-NEW
  22. Area 87 Arlington SW
  23. Area 12 Dallas East
  24. Area 127 N Richland Hills/Richland Hills
  25. Area 20 Plano

The Takeaway:

#1 is The Colony, this is where the 121 corridor is being transformed and many businesses and people are moving.   You can also see areas surrounding The Colony are doing well too, Carrollton, Grapevine, Plano. Other Dallas areas are Richardson, Garland, Allen, McKinney, Wylie and East Dallas are all in the top 25. There are 141 areas in the MLS, if you want more information this link will give you the hotness ratio as well as sale, pending sales, days on market, active listings and months inventory of all DFW areas.

Construction Photos of Uptown and West Plano


Construction in North Texas

Shops_at_Legacy_Construction

This photo is the Shops at Legacy’s new addition – more great townhomes, shops, dining, apartments all in walking distance of each other. Located at Dallas tollway and Legacy on the east side.

uptown_2

Taken directly across from the new Ritz Carlton that opened last month in Uptown at McKinney and Pearl. Buildings are going to be office, apartments and retail shopping which is badly needed in this area. Some views at 1999 McKinney will be blocked from this.

Ritz

Side view of the Ritz, understated elegance, art deco influence, in the back is the Crescent. Ritz Rooms go for $500. a night, a steal compared to the W at $700.

Dallas Real Estate Results Year To Date


How’s the Market?

Market_Overview

Dallas Real Estate Results

You know that real estate transactions are never easy, there are many pieces to the puzzle and good title companies help the closing process go smoothly.  Here’s a recap by area for the Dallas metro.  Take a look above, this information is from the MLS  in an easy to read chart.  Overall, number of sales are down compared to last year and that is expected for the time of year.

What’s positive is the average sale prices are holding or are ahead with the exception of a few areas like Park Cities down 14% but sales were 60% above last year.  And this is expected at the higher end but buyers are finding the bottom here with a huge increase in sales activity.  So how’s the market in your area? Take a look and see…it goes to show how affordable prices are in Dallas and an up beat economic factor helps too.

How’s the Dallas Real Estate Market Now?


Dallas Real Estate Metro Market Overview

Plano_Homes_and_Land_-_Market_Overview

Every month the Collin County Association of Realtors publishes market indicator reports for the Dallas Real Estate Area.  It’s a great overview and shows current activity from the last 3 months.  You can compare month over month and this year vs last.  All the vital signs at a glance.

Although sales are down which is typical for this time of year, sale prices are up and new listings are too.  February usually starts off the early spring market and activity has picked up considerably.
Buyer and Seller expectations of pricing are more inline and the banks, and the banks are the banks!

Plenty of opportunities in all price points and the tax buyer credit makes a home purchase very attractive but you need to be under contract by April 30th.  It’s only attractive if you’re ready
to buy – don’t buy a home just to get the credit.  Remember, there are always Dallas  real estate opportunities in any market.  Have a good weekend!

The Fastest Thing the City of Dallas has ever done….


Woodall Rogers Destroyed in less then 48 hours

Woodall Rogers Blown Up in Dallas

This was taken from 1999 McKinney Lofts, started late Friday afternoon and this was Saturday evening.
Next weekend St. Paul will be demolished and they will fill in for the posh park, kinda like Central Park but a Dallas version to go along with the Arts District.  I bet some never thought this day would come but it will soon be a reality.

Preston Hollow Trees


Preston Hollow

preston_hollow_trees

Something you don’t see everyday…

The “Live Oak” is one serious tree. One reason people want to move to Preston Hollow is because of the larger lots and beautiful tree lined streets. The builder of this home definitely took advantage of this awesome tree and used the branches to frame the entry, quite effectively I might add. You don’t see this everyday and it makes this a memorable property and a nice place to call home.