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New Listings Way Down in Dallas

If you’re a first time buyer in this market, especially in the price range under $300K you might wonder why there are multiple offers on homes you like. That goes for foreclosure properties too.  One reason is the inventory levels in Dallas are low and over 32% down from 2 years ago.  Take a look […]

Dallas Real Estate Market Update: The Bubble Report – March 2009

The March market was not kind to the whole metroplex, Dallas sales were down 20% from last year.  However, you can’t go by general numbers, you need to really look at local activity by area to get a grasp of the current market. We’ll look at Area 11 which is North Dallas and Area 25 […]

Why Preston Hollow prices will come down more…

You know there use to be a saying: “Home Pricing in the bubble is immune to the rest of the market, it just doesn’t happen here.”  Well, that might have been true up to a couple years ago but that has all changed. What I mean by the “bubble” is the Park Cities and neighbor […]

Anyone for Wisteria?

Previewing homes for a few clients yesterday I ran across this awesome Wisteria room. It’s located in North Dallas east of Hillcrest.  This is an unusual find in Dallas if you know the areas.  Nice surprise.

Friday and Foreclosure Tips for the Bottom Feeders

The banks seem to be having a problem evaluating their real estate holdings.  They packaged many properties together and it’s so complicated for the smart guys to figure out.  Well, it’s not too hard when you take a single property and run the comps (market value) and take a look at tax records (assessed value) […]

Dallas Real Estate Update and Opportunities in the Market

Dallas Market stats come out the 8th of every month from the MLS, NTREIS (North Texas Real Estate Information Systems) and complied by the Real Estate Center (TX A&M). June is really no different than the past few months. Given the state of the economy and inflation. Overall, Dallas single family home sales were down […]

The Staggering Inventory of Luxury Homes

Shhhh…some people might not want you know this but the luxury homes that are available in North Dallas and Park Cities Vicinities is quite frankly , unbelievable. What you have is the best selection and sharp pricing on some homes but not all – that being said, know your comps and value of each neighborhood […]

North Dallas Stats and Year to Date

I get a lot of market data by the MLS, Altos and sometimes nice people at title companies. Shannon at Chicago Title was kind enough to send me all North Texas areas. North Dallas is everything south of LBJ and North of Northwest Highway. This chart is for 1st quarter sales and an accurate outlook […]

Real Estate Data on Dallas Dirt

Okay, you’ve probably heard or read by now real estate sales in Dallas were down 25% from last March. Not surprising from the financial meltdown and more sub prime mess that transpired in March. Here’s a few stats by area for single family resales: Far North Dallas Sales down 27%, Pending Sales down 47%, Months […]

Real Estate Market Update for 75230

The monthly stats from the MLS are always after the fact, so here’s a weekly update for zip code 75230. Inventory is up and the market action index is trending down. Days on market are lower, so conditions could be weakening a bit. Median price bounces around. Take a look at the chart below: You […]