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 date average sale prices have declined around 11% to 12.5% respectively. The biggest cause of the market going south is the jumbo loan market has frozen up, although we have seen small signs of this thawing, (keep your fingers crossed). If the banks won’t lend then maybe seller financing is the way to go in this market to get things moving again. Just a thought…and it’s happening.
About Terry W. SmithPassionate 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...
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