Dallas Homes Center

WOW! These numbers are great considering…
Park Cities Peeps should be very proud! Closed sales were up 3.6% from a year
ago (projected sales is when everything is entered into the MLS) As you can see,
prices are holding and that’s what everyone wants to know. Seller’s are making
concessions as sale to list price is 91.7% - which means some properties are still
on the high side.  These increases are attributed to the typical summer move to
get kiddos in school.  Only thing that is a bit worrisome here is the inventory
and it’s taking 35% longer to sell. So, just know it’s not you - it’s the market.
Monthly indicators have been updated on left side bar. Year to date is not so
good but prices are stable! Yeah!

I was in the arts district yesterday which still is an organized disaster zone. The
progress is amazing just the least few years. Coming up Pearl to hit the tollway
I started to think that Downtown was really starting to look like a Downtown or
is Uptown looking like Downtown, either way the architecture is magnificent.

I had a customer today ask about the Oak Lawn condo market,
so thought I would pass this on for if you’re looking for data.
The condo conundrum still plays and will till the inventory
levels are under control. Just in case you are looking for good
real estate facts, you might want to book mark this page because
the charts are “live” and will always be updated, so here goes…

Charts are for zip code 75219 in Dallas, TX, time span is 1 year
for condo and town homes on a 90 day rolling average. Just to
refresh - the market action index is activity of the market and
30 means a seller’s market anything below that is in the buyers
favor…

And if you want a more detailed info you can sign up on
the right side bar for an instant weekly report. Other
zip codes are available.

Should be a little cooler this weekend and if you have time after tax free
weekend, here’s the open house list for Sunday August 17th.  (Top right
sidebar link) All homes are in 75205 and 75225 - Park Cities and vicinities,
quite a few have been reduced and are less than $300. a sq ft. WOW!
Some very goods buys here…

It’s pretty easy to find foreclosures these days as the list grows-
but actually buying one is like an act of congress or worse…

This week I’ve included a list of 49 foreclosures in zip codes:
75205,75225,75230,75229,75219.

There are some very good buys! Real investors will enjoy the spoils
now - excellent opportunities exist but you will need plenty of patience
to persevere the process. The lenders are truly making it more and more
difficult to buy because they don’t know how to sell real estate. You
would think since they own so much inventory they would be happy
to sell. Don’t think too hard it will make your head hurt!

Seriously, there are some great buys in prime neighborhoods.
Take a look and have a great weekend.