Commission Heaven
While 2007 may not be a market for the faint of heart, it may create a very wealthy agent at Ebby Halliday—Greg Cagle. He’s now the listing agent for Champ d’Or, that 48,000-square-foot, 140-acre estate owned by Alan and Shirley Goldfield near Lewisville. It is on the market for $59.55 million. Can you find a bigger listing?
Bags are Packed
Just about every power broker in Dallas was recently whisked away by Hillwood, a Perot Company, to Jackson Hole, Wyo., to check out a second home investment for clients: Bar BC Ranch, which includes 1,900 acres on the Snake River, is developed as 17 conservation-minded, multi-acre (35 acre minimum) ranchettes by Hillwood and priced from $7 million to $13 million. “We are delivering a product agents don’t have enough of,” says Hillwood’s Fred Balda. “Ninety-seven percent of Teton County is in conservation-protected land.”
2007’s Real Estate Outlook
Douglas Newby: “People caught their breath for a month and put Dallas in perspective with the rest of the country, then [saw] that we are the best residential real estate investment in America.”
Claire Dewar, Briggs Freeman: “Buyers are still focused on land, new construction, and the viable downtown neighborhoods.”
Fred Balda, Hillwood: “2007 will be a correction year, not as good as 2006 or 2005, but I’d much rather be in the Dallas-Fort Worth market than elsewhere.”
Jonas Woods, Hillwood: “I anticipate 2007 to be the same as 2006. No speeding up, but no slowdown in the type of product we are selling. We have been led to believe that there is a net migration into Dallas, and our clients don’t worry about mortgages—they’re paying cash!”
