The luxury community is on the move in DFW! The population of Texas continues to explode in 2021 as people move in from out of state. The Dallas-Fort Worth (DFW) metroplex grew by nearly 2% last year, increasing the Texas population more than any other state in the U.S. What’s interesting is that the DFW real estate market also shows an increase in the sale of luxury homes! The pandemic has not slowed down the sale of luxury homes. In fact, it continued to increase in 2021.
Why The DFW Luxury Homes Community Is Growing
Several reasons go into the growth of luxury homes in DFW communities. For one thing, the DFW metro is continually seeing growth because many large corporations continue to relocate there. With all of these large corporations moving in, so are higher-salary executives! You will find people from the Northeast, such as New York and New Jersey, relocating to DFW and an extremely large population of California moving in. Many people moving to DFW are ultra-wealthy, so they are planting themselves in luxury homes in the most affluent communities.
Another reason why there is an increase in the sale of luxury homes is that the cost of living is about 50% less than in some urban cities, such as San Francisco and New York City, according to NerdWallet’s cost of living calculator. Smart home-buyers find that they can buy more for their money when they relocate to DFW. If you can afford more bang for your buck, why not buy a luxury home?
According to the Dallas Business Journal, another high-end buyer trend is multigenerational homes. As retirees are moving to DFW to be closer to their families that live and work there, the need for larger housing increased. Homes that are large enough for multiple generations to all live together, and homes with separate mother-in-law suites are in high demand.
Where The Best Luxury Homes Are
Near Dallas, you will find Plano’s Villas at Legacy West. Britton Homes has designed some of the fastest growing communities in Dallas. These homes have distinctive architecture, beautifully crafted designs, and state-of-the-art technology that you would expect to find in luxury living.
You won’t just find the top luxury communities in Dallas or Fort Worth. For example, Frisco is one of the wealthiest cities in the country, and it has one of the lowest costs of living. People love Frisco because it’s one of the best places to raise a family. Frisco is home to The Star, where the Dallas Cowboys train. It’s also famous for its soccer and baseball teams. Frisco has museums, entertainment centers, and other fun attractions. If you plan to move to North Texas in the DFW area, Frisco was voted one of the Best Places To Live In America.
Frisco is also home to The Hills of Kingswood, a beautiful luxury gated community. This community is nestled among the woods surrounding Lake Lewisville so that homeowners will have privacy and protected views. Currently expanding with future development in the works, The Hills of Kingswood is the perfect luxury community to call home.
Are You Ready For Luxury Living?
Are you ready to explore your options to see which luxury community is perfect for you and your family? Contact us to get started on the search for your luxurious new dream home!