We're Recession-Proof

Hot Fort Worth housing market leads nation in recovery from recession

1301 Throckmorton St. Fort Worth Omni penthouse for sale

Fort Worth places in the No. 6 spot for most-recovered housing markets in the nation.

Photo courtesy of Briggs Freeman

Fort Worth just may be recession-proof, and a new real estate report backs up that sentiment. Online mortgage and loan resource center HSH.com reveals which metros have bounced back the most from the Great Recession — and Fort Worth is definitely up there.

Using data from the federal home price index from 1991 through the fourth quarter of 2015, HSH.com created a "home price recovery index." The data shows each market's pre-housing-crisis peak value, bottom value, and current housing value.

It should come as no surprise that Fort Worth-Arlington places in the No. 6 spot among the metro areas that have recovered the most since the recession. Our housing market has continued to increase dramatically over the past couple of years, and because of this, home prices in Fort Worth are a whopping 47.6 percent above their pre-housing-crisis peak value. The current value is $215,550, compared to $168,900 before the recession. The Denver metro area has recovered the most, at 45.29 percent.

Most of the metro areas in our great state have experienced major recovery. Austin-Round Rock sweeps the No. 2 spot, with home prices that are 44 percent higher than the pre-recession peak. Then follows Houston-The Woodlands-Sugar Land in the No. 3 spot, and Dallas-Plano-Irving for No. 5. San Antonio was bumped from the top 10 by Honolulu and Oklahoma City.

To understand what these numbers mean for home prices, HSH.com offers a “home value estimator,” which allows homeowners to see how the price change in Fort Worth has affected the value of their home. And, as you may have already guessed, if you own property here, you can expect to see big numbers that indicate a great return on your investment.

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House For Sale

Over-the-top Southlake mansion is back on the market for $27.5 million

Courtesy

Facade of 1469 Sunshine Ln. Southlake

A Southlake home that's been described as one of the most expensive homes in Texas is back on the market, a year after it sold for what was said to be a record-breaking price.

The 31,234-square-foot mansion at 1469 Sunshine Ln., featuring over-the-top amenities including a full-size basketball court, bowling alley, and in-house recording studio, was listed for sale on August 5 — a little more than a year after it last sold in June 2023 to a record producer and his wife.

Built in 2016, the home sits on a gated 3.62-acre spread, with 8 bedrooms and 11 bathrooms — comprised of 8 full bathrooms and 3 half-baths — and is listed by Michael Hershenberg of the Hershenberg Group for an unprecedented $27,500,000, or $880 per square foot.

The property is now being presented as "America's best sounding home" — one that would be "any producer's dream home," thanks to a major infusion of high-tech sound gear that includes:

state-of-the-art soundproof music room designed for Dolby Atmos-3D Audio by an award-winning team of acousticians & studio designers
newly built performing stage that is digitally connected to the studio room upstairs

Beyond the audio equipment, it offers palatial living spaces, a wine room, a grand dining room, wrought-iron balconies with panoramic views, multiple interior and exterior chef's kitchen, and a primary King suite suitable for royalty.

The basement contains a full entertainment complex with basketball court, bowling, gym, elevator, kitchen, and a bar.

Parking features include a garage with space for nine cars, plus a detached carport and electric gate. Flanked off the garage is a separate apartment offering complete living quarters for guests.

The grounds are designed to evoke a resort with dual staircases leading to a pool, spa, and outdoor patio.

The house previously hit the market in 2021, listed at $24.5 million, then dropping to $19.9 million, and subsequently $17.9 million, before going viral after being featured on Zillow Gone Wild in January 2023. Tarrant County Appraisal District lists its value at $8,634,002 — still one of the most expensive homes in Southlake.

Courtesy

Facade of 1469 Sunshine Ln. Southlake