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!
Park Cities and Preston Hollow Pricing Trends
May 20, 2009 By 1 Comment
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
May 8, 2009 By Leave a Comment
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 […]
Dallas Real Estate Market Update: The Bubble Report – March 2009
April 15, 2009 By Leave a Comment
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 […]
There Goes the Neighborhood – Luxury Foreclosure Finds
February 19, 2009 By Leave a Comment
I was interviewed last week by people newspapers on foreclosures in the Park Cites and Preston Hollow. We met at a million dollar foreclosure listing in Preston Hollow – a builder gone bust! Foreclosures are on the rise for high end properties. Since much of the market activity has been distressed properties across the nation […]
Real Estate Results Revealed in Park Cities and Preston Hollow
December 10, 2008 By Leave a Comment
No surprise, DFW sales were down 33% from a year ago. It has to do with the economy, lending and the time of year. Mostly lending money of jumbo loans has curtailed sales in the Park Cities and Preston Hollow. It will come back and so will the market. November real estate results for Park […]
How’s the market in the Park Cities?
November 4, 2008 By 1 Comment
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 […]
Park Cities and Preston Hollow Open House Roundup
October 18, 2008 By Leave a Comment
Get out this weekend and enjoy the cool weather -it’s officially fall now! Open House list is luxurious and plentiful, pricing is very competitive too. Take the tour, check out the Sunday open house tab and tour all open houses that are on the MLS in Park Cities and Preston Hollow. 46 gorgeous homes to […]
