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Park Cities Wheeling and Dealing


Even though sales units are down double digits, the Park Cities remains an excellent value for buying or selling real estate. Note the Original Price to Sales Price is 88.1% which means sellers are making concessions and considerations to sell a property.  And that’s a good thing!

Not a Tiger Wood Fan


New Home or Used? Which is the Better Buy?


Before I was a licensed Broker – Realtor, I did what every buyer-consumer does when they start considering a place to call home.  Back then there weren’t any homes on the Internet to help with the pre-search.  You just got in the car and drove, it helped that you knew the area.  I looked at […]

How’s the Dallas Real Estate Market?


Has it stabilized?  One way to determine “How’s the market?” is to get a barring on demand.  The above chart is broken down by price quartile.  High end market is black and as you can see demand is weak, same for the orange line but better than black, but demand is picking up.  The blue […]

Foreclosure on Rheims


This listing popped up last weekend on the MLS as a foreclosure – it’s been on the market for 8 days as such. Before then it was on the market for 721 days to be exact.  Started at $5,500,000 down to $3,895,000 now as a foreclosure the price has gone up again to $4,500,000.  This […]

Park Cites Real Estate Results Year To Date


Now that we’re almost half way through the year…  Can you believe it?  I’m very happy we’re almost through this market and don’t have it to look forward too.  Amen.  Here’s a few graphs to show you the state of the market.   Alas, not too good but improving as I write this, credit market seems […]

Park Cities Real Estate Report


The May numbers are in and guess what? They are better than April.  This report covers Highland Park and University Park only.  May ended with: 488 active listings 15 pending ( waiting to close ) 27 sold ( 22 last month ) it’s better but not great… For single family homes the least expensive is […]

Park Cities and Preston Hollow Pricing Trends


Ask anyone around and the real estate market in these zip codes are tough! Especially in the upper end market. Slow and slower come to mind. The chart gives you a barometer from last year so you buyers can see that pricing has come way, way down from higher levels. Sellers are serious! Year to […]

This could be an Easy Tax Fix if you bought your home last year


Just when you thought the tax man was done, here comes the other taxing authority, Dallas CAD.  The appraisals are out and the shout out has begun.  Especially in tony neighborhoods, values have come down, way down.  Time to get out the gloves and run the comps! One easy way to get your tax values […]

Scam Real Estate Pricing


Boy, If you were an agent and made your living in real estate, you would not believe what goes on in this industry. Oh! Buyer beware and then some…The only way you can detect fraud or unethical practices is to work in and study the market, know your numbers, it’s no surprise that first quarter […]