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Perfect Time to Buy Upper Tier in 75230


Median Price by quarter tile
Weekly charts are a good way to monitor the real time market.
I’m watching for several buyers for 1M plus, that need the convenience
of private schools.  These two charts are for 75230.

What you see are prices in the upper tier going down, this is also where
much of the new home inventory is.  And more new homes are being
finished that got caught in the downturn.

Market Action 75230

Market Action  Index is also lowest for the upper tier in 75230.
First and Second ….. line, this basically tells the demand is low too.
30 is a balanced market.   it’s just hovering 10!

If you’re looking for a new home over 1M you have these advantages:

Great Inventory, Great Locations, Bargaining power against other
properties – I know of several properties that a couple clients tried
to buy a year and a half ago and the prices now are lower than our low
ball offers.  Point being is: You can get it for lower.

Sometimes, if you’re close in price a good tactic would be to see if the
seller will  buy down points for you, of course the lender would have to
approve that.  Could be worth a shot!  Save more on your loan than on
the final cost of the house.

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...

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