You might be curious just how prices have been effected the last two years in the bubble zip codes. Not the bubble bursting real estate market as in Florida, California, Nevada and Arizona but as in the bubble zip codes, namely and fondly – 75205, 75225 and 75230 – Park Cities and around plus Preston Hollow. Biggest hit would be Highland Park 1.7M to 1.36M, respectively, that’s a 20% cut – Ouch! University Park has fared much better – only a 4.1% decline. And Preston Hollow’s median price down around 6.25%. The real estate downturn in Dallas is because of jumbo financing not being readily available, buyers are around you just need to be creative to make a deal work. It is so true the bigger they are the harder they fall, some at least.
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