Leigh Calvert | Dallas Real Estate

Market Report: Explore the Best Neighborhoods in Dallas, Texas, For Families to Thrive

  • By fastuser
  • 20 Nov, 2023
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Dallas is a testament to family-centric living, providing residents with a diverse and enriching environment. Nestled within its 122 unique neighborhoods, the city offers a wide spectrum of housing options, currently listing 4,296 homes with prices ranging from $1 to $60M. As of October 2023, Dallas’s median listing home price is $476.6K, showcasing a robust 4.7% year-over-year uptrend. Delving further, the median home sold price at $341.2K and a listing home price per square foot at $261 underscore the city’s flourishing real estate market.

Beyond the pulse of the housing market, Dallas offers families an array of cultural amenities and natural wonders that make everyday life an adventure. With renowned educational institutions laying the groundwork for success and a diverse cultural scene fostering creativity, Dallas sets the stage for families not just to live but to flourish. Its well-maintained parks, family-centric communities, and a wealth of job opportunities add to the allure, creating a city where family life is woven into the very fabric of its neighborhoods.

Read on to discover how Dallas neighborhoods uniquely combine real estate opportunities with the elements that make it an ideal city for families seeking growth and balance.

Key Factors for Families Choosing a Neighborhood

Dallas, a vast mosaic of neighborhoods, invites families to carve out lifestyles aligned with their unique aspirations. In the pursuit of the perfect neighborhood, families scrutinize specific elements that shape their daily reality, transforming a residence into a home.

Schools and Education

In Dallas, families can navigate a rich educational landscape. From the prestigious Booker T. Washington High School for the Performing and Visual Arts, cultivating artistic talents, to the nationally acclaimed Uplift Education charter school network providing rigorous academics, options abound. Dallas neighborhoods often feature access to these educational gems, setting the stage for students to flourish.

Safety and Community

Safety is paramount, and neighborhoods like Lake Highlands take the lead with active neighborhood watch programs. Events like the annual Lake Highlands National Night Out showcase a robust community spirit. These initiatives underscore Dallas neighborhoods as secure havens where families aren’t just residents but integral components of a closely-knit community.

Amenities and Recreation

In the heart of Dallas lies the Bishop Arts District, a cultural haven with eclectic boutiques, art galleries, and diverse culinary delights. Families can immerse themselves in the vibrant Lakewood community, where the Lakewood Country Club offers golf and a hub for social interactions. These amenities weave into the daily lives of families, turning neighborhoods into lively extensions of their homes.

Proximity to Healthcare

Communities surrounding the Texas Health Presbyterian Hospital and Children’s Medical Center in Dallas ensure families have a healthcare safety net. Having these world-class facilities nearby is not just a convenience but a testament to the commitment of Dallas neighborhoods to the well-being of their residents.

Transportation and Commute

Dallas neighborhoods strategically align with major commuting routes, such as the Dallas North Tollway and the Central Expressway. The city’s DART (Dallas Area Rapid Transit) system weaves a convenient public transportation network. Families in neighborhoods like Westover Hills find themselves seamlessly connected to the city’s heartbeat.

Affordability and Housing Options

From the historic charm of Caruth Terrace to the upscale Preston Hollow, Dallas neighborhoods offer a spectrum of housing options. Families can choose between single-family homes in the serene Lake Highlands or opt for the urban ambiance of the Bishop Arts District. Dallas caters to diverse financial profiles, ensuring families find not just houses but personalized havens.

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Bishop Arts District: Unveiling Dallas’s Artistic Haven

Nestled in the vibrant cityscape of Dallas, the Bishop Arts District is a testament to the fusion of culture, charm, and a distinctive character that beckons both residents and visitors. This eclectic neighborhood, known for its unique boutiques and artistic flair, radiates a welcoming ambiance, making it a prime choice for those seeking a dwelling that resonates with personality.

Unique Character and Charm

Bishop Arts District boasts an unparalleled artistic atmosphere. The streets are lined with historic storefronts, each housing an array of independently owned shops and galleries. Murals and street art contribute to the area’s dynamic visual appeal, creating an immersive experience that is distinctively Bishop Arts.

Amenities, Schools, and Family-Friendly Features

Families in Bishop Arts District benefit from a range of amenities and educational options. The highly-regarded Rosemont Elementary School serves as an academic cornerstone, ensuring quality education within the community. Local parks like Bishop Arts Park enhance the neighbourhood’s family-friendly ethos, which provides recreational spaces for children to play and families to gather.

Entertainment and Recreation

For entertainment, Bishop Arts District provides a rich tapestry of experiences. The Bishop Arts Theatre Center offers cultural performances, while the Kessler Theater hosts live music events. Families can explore the Dallas Zoo nearby or spend leisurely afternoons at Kidd Springs Park. The neighborhood also caters to food enthusiasts with a plethora of dining options.

Local Housing Market Snapshot

As of the latest data, the housing market in Bishop Arts District reflects a median home sale price of $1.78 million. Homes are listed at approximately $776 per square foot, and properties tend to spend an average of 81 days on the market. The market showcases a balanced trend, with an appealing blend of luxury and historic residences.

With its distinctive offerings and diverse attractions, Bishop Arts District stands as a testament to Dallas’s cultural vibrancy. It remains a sought-after enclave for those seeking a residence transcending the ordinary.

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Westover Hills: The Epitome of Upscale Living

Westover Hills emerges as a beacon of sophistication, attracting those who seek the epitome of upscale living. This distinguished neighborhood, characterized by exclusivity and refinement, offers residents a lifestyle that seamlessly combines elegance with community warmth.

Upscale Living and Exclusive Features

In Westover Hills, residents discover a selection of homes that embody luxury and architectural distinction. Mansions and estates, surrounded by meticulously landscaped gardens, define the neighborhood’s real estate landscape. Exclusive communities foster a sense of camaraderie among neighbors, creating a tight-knit and prestigious living environment.

Top-Notch Schools, Parks, and Recreational Facilities

Westover Hills prioritizes education, with renowned schools such as Trinity Valley School and Mary Louise Phillips Elementary School. Residents enjoy the lush greenery of parks like Shady Oaks Country Club, providing recreational spaces for families. Entertainment options abound, from cultural events to local grocery shopping at the upscale Clearfork Farmers Market.

Local Housing Market Snapshot

As of recent market trends, Westover Hills showcases a nuanced landscape. The average price per square foot has experienced a 9% decrease over the past six months, reaching $2,400,000 from $2,485,000. Properties typically spend an average of 87 days on the market, and buyers can anticipate paying around 87% of the seller’s asking price. This dynamic market presents opportunities for those seeking an elite living experience in one of Dallas’s most affluent neighborhoods.

Westover Hills is a fabulous address to experience Dallas’s opulent charm, offering residents a life of prestige, exceptional amenities, and a community that exudes sophistication.

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Lake Highlands: Where Community and Family Flourish

Lake Highlands, a thriving community in the heart of northeast Dallas, encapsulates the essence of the city’s diverse and welcoming spirit. Its rich history and strong sense of community make Lake Highlands an appealing choice for families seeking a harmonious blend of suburban tranquility and urban convenience.

Embracing Family Values

What sets Lake Highlands apart is its unwavering commitment to family-centric living. Beyond the facade of houses, the streets breathe with a sense of community, where neighbors become extended family members. From communal events at the Lake Highlands Town Center to impromptu gatherings in green spaces like Flag Pole Hill Park, the emphasis on communal bonds is unmistakable.

Architectural Diversity and Housing Inventory

In Lake Highlands, architectural diversity paints a vivid picture of the neighborhood’s character. As you explore its residential streets, you’ll encounter an intriguing mix of housing styles. From the sleek lines and contemporary designs in Lake Highlands North to the classic charm of mid-century modern homes in Lake Highlands Estates, each corner unveils a unique facet of the neighborhood’s architectural tapestry.

Quaint bungalows, spacious ranch-style houses, and thoughtfully crafted custom builds contribute to the overall allure, catering to various tastes and preferences. This diversity adds visual interest and provides residents with a range of housing options, creating a dynamic and welcoming atmosphere in Lake Highlands.

Educational Enclaves and Nature Escapes

Lake Highlands doesn’t just house schools; it nurtures educational excellence. Merriman Park Elementary School, acclaimed for its commitment to academic achievement, stands as a testament to the neighborhood’s investment in the future.

Nature beckons in the form of the sprawling White Rock Lake and the serene White Rock Creek Trail, providing recreational spaces and a canvas for unforgettable family moments.

Snapshot of the Local Housing Market

While somewhat competitive, Lake Highlands offers diverse real estate options for potential residents. The median sale price of a home was $466K last month, reflecting a 5.8% decrease since last year. Homes often receive multiple offers, with average sales occurring about 2% below the list price, going pending in around 28 days. Desirable properties can sell for about 1% above the list price, pending in approximately 16 days.

Ready to discover the distinctive charm and diverse homes of Lake Highlands? Unlock the door to your dream home with Leigh Calvert, a seasoned real estate professional dedicated to transforming your home-buying journey. With an in-depth understanding of Lake Highlands’ unique offerings and a commitment to your preferences, Leigh ensures a personalized experience.

Let’s turn your homeownership aspirations into reality – embark on this exciting adventure with Leigh Calvert by your side. Your dream home in Lake Highlands awaits!

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Lakewood: Upbeat Community Spirit & Rich Diversity

Discover the enchanting allure of Lakewood, a neighborhood that effortlessly beckons families with its vibrant community spirit. The streets of Lakewood are adorned with a mix of architectural styles, from classic bungalows to elegant estates, creating a diverse and charming atmosphere.

Amenities and Housing Styles

Lakewood boasts an array of amenities catering to diverse preferences. Nestled among the tree-lined streets are homes exuding character, blending styles like Tudor, Colonial, and Mediterranean. Each house carries a unique story, contributing to the neighborhood’s rich tapestry.

Education, Healthcare, and Recreation

Families in Lakewood enjoy many educational options, with schools like Lakewood Elementary providing quality education. The neighborhood’s commitment to well-being extends to healthcare facilities within reach. Cultural attractions abound, from the historic Lakewood Theater to the verdant beauty of White Rock Lake Park, offering picturesque hiking trails and recreational spaces for families.

Local Housing Market Snapshot

While the Lakewood housing market is somewhat competitive, a diverse range of options exist. The median sale price of homes reflects a recent adjustment of $1.1M, a 16.5% decrease since last year. The median sale price per square foot is $432, exhibiting a 1.0% decrease.

The market dynamics indicate a somewhat competitive environment, with homes receiving multiple offers. On average, homes sell slightly below the list price, going pending in around 33 days, though some premium properties may command prices above list, closing in about 21 days.

Embark on a journey to Lakewood, where vibrant community living, diverse architecture, and abundant amenities await. Explore exclusive listings in this dynamic neighborhood with Leigh Calvert, your trusted guide in navigating the promising Dallas real estate market.

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Preston Hollow: A Symphony of Elegance and Luxury

Preston Hollow stands as a pinnacle of prestigious living, defined by its opulent estates and architectural grandeur. Architectural styles in this distinguished neighborhood span from sprawling Mediterranean villas to classic Georgian mansions, creating an aesthetic tapestry that resonates with sophistication.

Education, Healthcare, and Family-Focused Amenities

Preston Hollow’s commitment to excellence extends to education, boasting renowned institutions like St. Mark’s School of Texas and Ursuline Academy of Dallas. Families benefit from proximity to world-class healthcare facilities, ensuring the well-being of residents. The neighborhood caters to families with an array of family-friendly amenities, including proximity to grocery stores, shopping malls, and recreational spaces.

Entertainment, Culture, and Nature’s Bounty

Discover a rich cultural tapestry with proximity to the Dallas Museum of Art and the Nasher Sculpture Center, reflecting Dallas’s vibrant heritage. Embrace nature at nearby parks and nature trails, such as the scenic Bachman Lake Park and Northaven Trail, where upscale urban life seamlessly integrates with the tranquility of natural surroundings.

Enjoy evenings at entertainment venues like the Granada Theater or explore cultural heritage sites like the George W. Bush Presidential Library and Museum, further contributing to the dynamic lifestyle offered by Preston Hollow.

Local Housing Market Snapshot

The Preston Hollow housing market maintains a level of competitiveness with a median sale price of $1.56M last month, reflecting a marginal decrease of 1.8% since last year. The median sale price per square foot has surged by an impressive 20.3% since last year, underlining the premium nature of the real estate.

Homes in this exclusive neighborhood often attract multiple offers, with the average selling price hovering around 2% below the list price. Properties typically go pending in approximately 31 days, though some coveted homes can secure a deal in as little as 12 days, affirming the desirability of this distinguished locale.

Explore a harmonious blend of architectural styles in Preston Hollow, ranging from stately mansions to contemporary estates. The neighborhood boasts an impressive array of designs, contributing to its distinct character. From classic European-inspired facades to modern, sleek structures, each residence offers valuable insights into the diverse tastes that coalesce seamlessly within this prestigious community.

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Final Thoughts

In exploring Dallas’s vibrant neighborhoods, each locale has unveiled its unique charm, distinctive amenities, and intriguing housing market dynamics. From the family-oriented appeal of Lake Highlands to the prestigious living in Preston Hollow, Dallas’s diverse landscape offers something special for every lifestyle.

This journey through these neighborhoods showcases the diverse options and emphasizes Dallas’s robust real estate potential. With competitive markets, evolving trends, and distinct features, Dallas beckons both homebuyers and investors. Leigh Calvert’s seasoned expertise, recognized through prestigious awards and an impressive track record, makes him the ideal guide to navigate this expansive tapestry. From financial nuances to family-oriented considerations, Leigh tailors advice to align with your unique preferences.

Embark on your Dallas real estate journey by reaching out to Leigh Calvert, ensuring a personalized experience. Tailored advice, market insights, and a deep understanding of Dallas’s diverse neighborhoods await. Contact Leigh to unravel the possibilities and make your mark in the heart of Texas. Your dream home or investment endeavor starts with the right guidance—trust Leigh Calvert to lead the way!

Frequently Asked Questions (FAQs)

Where is the best area to live in Dallas?

The answer depends on individual preferences and needs. Lake Highlands offers a family-oriented atmosphere, while Preston Hollow boasts prestigious living. For vibrant communities and diverse amenities, Bishop Arts District and Lakewood are popular choices.

What is the safest area of Dallas to live in?

Areas like Westover Hills, Preston Hollow, and Lake Highlands are renowned for their safety. It’s advisable to research specific neighborhoods and consider factors like crime rates and community programs for a comprehensive understanding.

What is the richest part of Dallas?

Preston Hollow stands out as one of the wealthiest neighborhoods in Dallas, known for its upscale living, exclusive features, and affluent residents.

Is Dallas good for singles?

Absolutely. Areas like Bishop Arts District and Uptown Dallas offer a lively social scene, diverse entertainment options, and a range of housing choices suitable for singles.

What part of Dallas is good to raise a family?

Lake Highlands, known for its family-oriented atmosphere, excellent schools, and recreational facilities, is a top choice for families. Preston Hollow and Westover Hills are also esteemed for their family-friendly environments.

What is a comfortable salary in Dallas?

A comfortable salary in Dallas varies, but a general guideline is an annual income of around $60,000 to $70,000. Affordability is influenced by individual circumstances, lifestyle, and housing choices.

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