The Park Cities are townships in the middle of Dallas just north of downtown. With their own police and fire departments and schools, the Park Cities are among the most desirable communities in Dallas-Fort Worth.

"Location, Location, Location!," says Realtor Nora Ling Lane. "It's a small town in the middle of a big city! Lots of trees, five minutes from downtown, and the best schools in Dallas!"

Lane advises, "The spring/summer market is heating up. The supply of homes in Park Cities is up. This area is still one of the most desired locations in Dallas. With interest rates still very attractive, sales are climbing. Much of the activity is from out of town buyers. It is still a great time to buy because sellers are pricing their homes more realistically. Buyers should definitely take advantage of this slower market and great interest rates."

Agrees Realtor Jane S. Idzi, "The Park Cities has lots of trees and many parks; it's a real neighborhood - the most desirable area in Dallas for schools, location convenience, parks, neighborhood and shopping. On a summer day, you'll find people in the parks, bike-riding and jogging. There is a good inventory of homes and an active market."

"From charming cottages to the finest mansions in Dallas, the Park Cities is renowned for the value of its real estate," says Realtor Sue Krider. "The Park Cities is comprised of an exemplary school system. Conveniently located near downtown, major airports, shopping, and the arts, this area has it all."

Krider says, "It's a great time for buyers interested in the Park Cities area. The supply of homes on the market has increased slightly over last year, and interest rates remain low. While the number of homes sold year-to-date has decreased, year-to-date prices remain strong in the area.

For the Highland Park, University Park, Devonshire and Bluffview areas, listed below are the May home sales statistics released by the North Texas Real Estate Information System:

Number of Home Sales Closed May 2003 - 82
Number of Home Sales Closed May 2002 - 84

Average Price May 2003 - $689,165
Average Price May 2002 - $779,989

Pending Sales May 2003 - 94
Pending Sales May 2002 - 94

Active Listings May 2003 - 544
Active Listings May 2002 - 493

Year to Date # of Sales May 2003 - 316
Year to Date # of Sales May 2002 - 370

YTD Avg. Sales Price May 2003 - $728,465
YTD Avg. Sales Price May 2002 - $693,873

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Published: June 25, 2003

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