We have lived within few miles from the heart of Dallas since moving to Bryan Place late October 2014. Remarkably, North Texas’ home market ran up the score last October, with big gains in prices and sales. Median home sales prices last month were 12 percent higher compare to sales in October 2015. Many people have been relocating to Texas to fill the new jobs and continue to strengthen housing demand in the area to new levels and keeping property inventories low. It is not a surprise why we notice many vehicles with the out-of-state plates on the roads when driving to work or during daily commutes around town.
Bryan Place, and in general East Dallas, has gained notable character and ambiance and has evolved into a transitional, established, upscale and yet an affordable in-town neighborhood of diverse demographic and unique urban fabric. Henderson Avenue has competed with Lower Greenville and Deep Ellum over restaurants, shops and entertainment. Ross Avenue, Live Oak Street, and Gaston Avenue have become single family housing arteries, connecting many older neighborhoods to the heart of downtown throughout 2016 and yet constructions are still up and cranes are running around the clock.
I envision East Dallas to continue developing as a dense, mixed inner-city where quality of life, public amenities, green spaces, and cultural institutions act together as an immense magnet to attract new residences and businesses. A whole new demographic is discovering East Dallas and downtown. I suspect and hope this dynamic will only intensify in 2017 and the years to come, despite parking issues of a concern, I see this as a positive growth for Bryan Place and Dallas.
Published on January 7, 2017