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The new home market is trending up, up, up!

Luxury home experts Troy George and Lucy Noonan have exciting news about new developments in 2024

Article by Sally Crocker

Photography by George and Noonan Real Estate Group

Originally published in Southlake City Lifestyle

It’s an exciting year for the new home market. Luxury home experts Troy George and Lucy Noonan of George & Noonan Real Estate Group report that now is the time to find your dream home in Southlake or Westlake.

New developments are on the rise again, with a positive and upward outlook. DFW-area new home sales will continue to account for a larger than average share of homebuying in 2024, which is an exciting trend after the low inventory of recent years.

Texas A&M’s Real Estate Research Center reports that new DFW home construction hammered other U.S. markets in 2023, and the trend is expected to continue.

“In the last two years, the Texas population has grown five times the rate of the U.S. as a whole, which is a great sign for our region,” Lucy says.

The inventory of available Texas homes increased 15% in the last year, giving buyers more options.

“Higher interest rates slowed things down in 2023, and as a result we are now seeing home sales prices normalize. Add new inventory to that, and what’s great for 2024 is that buyers now have more options,” Troy says.

New construction is on trend, and George & Noonan are exclusively representing some outstanding opportunities in both Southlake and Westlake, where beauty meets luxury.

Southlake’s newest development, Carillon Parc.

Carillon Parc is Southlake’s newest master-planned community, which will feature luxurious residences, chef-inspired restaurants, green space and workspace, curated retail shops and more - all walkable in your own exclusive neighborhood. Carillon Parc’s 79 single family homes are being built by five highly acclaimed builders. George & Noonan are representing the elegantly crafted Kensington Custom Homes and are now reserving 15 home sites to build your dream, starting at $550,000. This new development is situated at the northeast corner of White Chapel Blvd. and Highway 114.

Kensington Custom Homes is joining with Carillon Parc’s other builders to raise over $1 million for St. Jude Children’s Research Hospital. Each will create a St. Jude’s showplace home to support the organization’s mission of curing childhood cancer.

Carillon Parc will be ready to build in late spring 2024. Contact George & Noonan to reserve your lot now.

Westlake Ranch Development is building now.

The exclusive town of Westlake stands out as one of the finest places to live in the Dallas-Fort Worth Metroplex. This new, prestigious community at Pearson and Aspen Lane nestles up to Westlake’s secluded Vaquero Golf Club. George & Noonan are representing Lorant and Elliott Estate Homes as they debut three custom showplaces in early spring. Westlake Ranch is a superb lifestyle, gated community that will offer indoor pickleball courts, private clubhouse membership and 32 homesites sized at ½ to ¾ acres. Twelve sites are available now through George & Noonan.

Live, work, play and enjoy the best of community at Westlake’s charming, walkable Entrada neighborhood.

Nestled on 85 acres in one of the most coveted communities in the country, Entrada takes you away from the hustle and bustle to a relaxing European retreat of beautiful single family homes, townhomes, condos, restaurants, shopping and dining. George & Noonan have 15 single-family homesites available, starting at $550,000. Lots range from 6,700-13,000 sq. ft.

Coming soon is Westlake’s newest one acre-plus gated community, the exciting Villaggio.

17 lots are currently available. Now is the time to reserve your Villaggio luxury lot with George & Noonan. Construction on this exclusive neighborhood starts this summer. George & Noonan have been chosen to exclusively represent Jim Scott and Sons Custom Homes, one of the highly acclaimed builders in this neighborhood.

Finding your Southlake or Westlake dream home is easy with George & Noonan Luxury Real Estate Group!

Exciting things are happening in Southlake and Westlake this year! The 2024 outlook is very positive for amazing new home developments offering the best in beauty, luxury and more.

“The future is incredibly bright for our community,” George & Noonan report. “Southlake and Westlake are the places to live.”