FORT WORTH, Texas — A luxury real estate brokerage headed by the nephew of Dallas Cowboys owner Jerry Jones has expanded with an office in Fort Worth.
The brokerage, called @properties Lone Star Christie’s International Real Estate, earlier this month opened the office at Museum Place, 3100 W. Seventh St.
The expansion marks the company's third office in the Dallas-Fort Worth area since Jerry Mooty Jr. launched the firm three years ago. The brokerage also has branches in Frisco and Austin in addition to its flagship office in Dallas.
The Fort Worth office opened April 4, but the owners recently shared why they were drawn to Cowtown and surrounding areas. Mooty said looking at DFW, Fort Worth is one of the hottest markets for growth. According to the latest U.S. Census Bureau figures, the Tarrant County population grew by an estimated 27,301 people from mid-2022 to mid-2023, or about 75 people per day.
"Fort Worth has its particulars and special traits," Mooty said. "The cost is a little bit more reasonable in some areas than some of the higher-priced properties in Dallas. It's just a different buyer and a different seller. And if you look at the data on how fast things are growing and the entire Metroplex, Fort Worth has really taken off in probably the last five to seven years."
The median home price in Tarrant County was $334,000 in March, compared with a metro-wide median of $395,000, according to a report from MetroTex Association of Realtors.
Michael Hoover, formerly with Monument Realty and Sotheby’s, is the first regional vice president in Fort Worth for @properties. The office currently has 20 agents that will cover Fort Worth and surrounding cities such as Southlake, Northlake, Westlake and Lake Granbury. Hoover said he has plans to grow the office to 50 agents within 90 days.
Currently, there are no Fort Worth listings on the brokerage's website.
Hoover said Fort Worth is "unique to the real estate world because it seems like it doesn't ever stop" and that luxury homes are playing a bigger part in the market.
The brokerage saw more than $250 million in sales volume last year and Mooty said the goal is to reach $1 billion in 2025. Earlier this year, the firm launched a sports and entertainment division catering to athletes and entertainers and a development services division.
Christie’s International Real Estate has an invitation-only affiliate network spanning 50 countries and territories. The company and its affiliates recorded $500 billion in transactions in the last five years.
