Oct 29, 2010

Price Cuts in today's Dallas market

These 2010 3rd quarter stats show the picture of price reductions this year in our area.

Here are the average overpricing statistics:


Original List Price to Actual Sales Price

North Dallas (south of LBJ, between Midway & Central): 16.0%
University Park:  11.9%
Highland Park:  18.6%
Oak Lawn / Uptown:  8.0%
East Dallas (east of Central, south of Northwest Hwy): 16.4%

Of course, there are some properties selling at (or near) their list price. Those are realistic sellers who are pricing them right to start with.  [where: 75230]

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