Allie Beth Allman & Associates sells more than $1 billion in Q2

While the Dallas real estate market remains strong, its dynamics are evolving, said Keith Conlon, President and CEO of Allie Beth Allman & Associates, so expertise on both sides of the deal is now more important than ever.?

“Our agents are doing an amazing job of making deals happen, even though the market is highly competitive,” Conlon said. “They keep proving quarter after quarter that the market is what you make of it.”

Despite rising interest rates and some lingering economic uncertainty across the nation, the brokerage topped $1 billion in sales for the third consecutive spring. Conlon said agents continue to see an influx of buyers from near and far looking to move to the region’s most desirable neighborhoods.

Competition for homes is particularly heated in enclaves like Westlake and Highland Park, two neighborhoods where Allie Beth Allman & Associates agents dominated sales in the second quarter of 2023, according to Multiple Listing Service data.?

“Our agents are experts in the luxury market across DFW and it shows through their negotiation skills, market knowledge and dedication to service to get the deal done,” Conlon noted.

People continue to arrive from California, New York and all corners of the country, drawn to the promise of good jobs and a business friendly climate tailored for entrepreneurial success.

Sales at the start of 2023 were down slightly compared to years past, Conlon said. The busy buying season that typically starts in March didn’t really get going until the end of April.

Then the hot market returned with a vengeance and has continued throughout the summer. June was a huge sales month for the brokerage, and July numbers outpaced 2022 levels.

The average sales price in premiere Dallas neighborhoods now stands at $1.32 million for Allie Beth Allman & Associates listings.

In places like the Park Cities and communities surrounding Southlake, the market for homes over $2 million has been especially strong. Due in large part to rising interest rates, a significant number of buyers are paying cash if they can.

The brokerage continues to sell a significant number of off-market properties and in-house listings. Those are the kinds of deals that can only be made with expert insight and strategic networking.

Last year, Allie Beth Allman & Associates agents sold $3.4 billion, in one of its best years on record.

It would seem unreasonable to expect the same record-setting success this year. However, year-to-date sales figures are eerily similar to 2022, Conlon said. He chalks it up to the impressive work of a team of agents who are proving once again why they are the best in the business.