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Market Conditions for Uptown in Dallas, Texas
Reported by Sue Krider, REALTOR
Updated November 27, 2011.
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Current Market Rating: 2
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Current Price Trend: 2
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Falling
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Year to Date Market Snapshot - Uptown, Turtle Creek, State Thomas & Oak Lawn Condominium & Townhome Sales
Condo and townhome sales in this area have increased 4% over the same time last year, with a 7% decreasee in the average sales price. Bargain hunters realize the value in this area and are taking advantage of low interest rates combined with motivated sellers.
One very important note -- occupancies and rental rates continue to increase in the neighbhorhood apartments. At some point, if these rental rates continue to increase -- tenants should consult with a professional and determine the value of renting vs. buying.
Top 3 Highest Sales Year to Date:
3510 Turtle Creek, #18 C&E - The Claridge
2525 N. Pearl, #1502 - Ritz Carlton
2525 N. Pearl, #1801 - Ritz Carlton
October 2011 Year to Date Market Snapshot
# of Condos & Townhomes Sold - 663
Average Sales Price - $303,976
Average Sales Price per Square Ft - $189
Days on Market - 122
For more information including a six months sales report for Turtle Creek High Rises, visit my website at www.suekrider.com or call me at: (214)673.6933.
All information as reported by the Real Estate Center at Texas A & M University or NTREIS.
ZIP Codes: 75201, 75204, 75205, 75219
Location Characteristics: The hot spot of Dallas for buyers seeking a dynamic location. This area is located adjacent to downtown, with access to all major freeways. Townhomes and condominiums make up more than 95% of the housing in this area, attracting people wanting a low maintenance, cosmopolitan lifestyle. Just minutes to Downtown, The Arts District, The Katy Trail, Lee Park & Arlington Hall, restaurants and shopping.
Considering a relocation to the Dallas area? Contact me for a complimentary relocation package along with neighborhood reports for your area of interest.
For More Information:
View Market Conditions of other areas served by Sue Krider
Navigate: Top > Texas > Dallas > Uptown
About Sue Krider:
Sue Krider specializes in the listing and sales of luxury condominiums and homes in Dallas, TX. Specifically, Turtle Creek, Uptown Dallas, Downtown Dallas, Highland Park and Las Colinas luxury condominiums and homes.
As a condominium owner (and former single family home owner in a Las Colinas golf course community) Sue understands the difference between condominium and townhome/single family home ownership. "I can sit down with prospective buyers and discuss with them the differences between owning a single family home vs. a condominium -- the values and benefits inherent in each." Having worked with many clients transitioning from a large home or estate to an urban, luxury condominium is labor intensive, but extremely rewarding. At the end of the day, I want my clients to say “that was the best decision I ever made.”
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
