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How’s the market in the Park Cities?


You might be surprised that University Park (75225) pricing is above last year at
$1.38M. Highland Park (75205) has a substantial drop from $1.55M to
$1.35M.  Days on market change has been climbing steadily since May.
About 30 to 45 days longer to sell.  Inventory is around 40% higher from
a year ago.  It makes since that Highland Park would have more price
concessions or reductions due to the inventory and more to give.  As soon
as jumbo loans are sorted out you’ll see the Park Cities back to normal.

About Terry W. Smith

Passionate about real estate, positive problem solver, specialty boutique real estate brokerage that does things your way! A full-time Broker & REALTOR®, helping people buy and sell homes in the Dallas - Plano area. Whether you're a buyer just starting out or someone with luxury properties to sell. I have extensive knowledge and experience to help you with your real estate transaction. I am a native Dallasite & know stuff, ask me...

Comments

  1. It also depends on the Zipcode, I know some listings inside the 635 loop sell really quick. It all comes down to pricing it right. If you price it to sell it will sell quickly

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