Monthly Archives: December 2008

Real Estate Results Revealed in Park Cities and Preston Hollow

Posted on December 10, 2008 by Terry Smith

No surprise, DFW sales were down 33% from a year ago. It has to do with the economy, lending and the time of year. Mostly lending money of jumbo loans has curtailed sales in the Park Cities and Preston Hollow. … Continue reading →

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Highland Park Home Price Declines and Days on Market – Where are we?

Posted on December 8, 2008 by Terry Smith

In case you’re wondering how we’re looking against last year, Here’s a graph that shows median price in Highland Park, 75205 from a year ago – more than $200,000 in price reductions…could go lower but watch out for buying opportunities … Continue reading →

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Best Foreclosure Buy in Preston Hollow

Posted on December 3, 2008 by Terry Smith

WOW! You can see the effects of Fannie Mae and Freddie Mac finally trickle down!  The government wants to sell houses more than lenders….(another post) Check out this Dallas foreclosure link and take a peek at 6532 Chevy Chase – … Continue reading →

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Inventory Issues in the Park Cities…Take a look!

Posted on December 1, 2008 by Terry Smith

There are opportunities in every market and in Dallas it’s homes priced above $1 million – take a peek at the historical chart going 2 years back. Inventory in University Park has almost doubled from this time two years ago. … Continue reading →

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