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Market Conditions for Park Cities


Market Stats for Park Cities

Highland_Park_Village

Here’s a quick update for this week

Highland Park – 75205

Median list price             $1,580,000
Asking Price per Sq Ft.            $360
Average Days on Market            130
Total Inventory                      153
Sold This Week                         7
Median Age                            25

The Market has been trending down lately. Prices have settled and are stable.  Lower prices are where the buyers are showing interest due to this close in location with excellent schools.  Inventory has been climbing in recent months.

University Park – 75225

Median list price             $1,396,000
Asking Price per Sq Ft.            $320
Average Days on Market            121
Total Inventory                       188
Sold This Week                         15
Median Age                             19

The market has been trending down also. Prices are staying around their high point and “ditto” due to the close in location, excellent schools and police department.

It’s definitely a buyers market with the inventory increasing in both cities, but no matter what the market conditions in the Dallas area, the real estate in the Park Cities always is in high demand and will hold its value.

Even for the first half of this year home sales in the Park Cities are up 4% from last year with a 9% increase in average price!  A great place to live and safe investment!

About Terry 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. Have questions? Ask me. You can find me on Google+ and Pinterest.

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