Dallas Luxury Home Sales Increase in July

Written by Posted On Tuesday, 21 August 2018 06:27

DALLAS (August 21, 2018) – Luxury home sales rose significantly in the Dallas area from July 2017, according to a new report by Coldwell Banker Residential Brokerage, a leading provider of luxury real estate services.

There were 103 sales of residential properties priced $1 million and higher in July, representing a 24.1 percent increase from 83 sales during the same month in 2017. The data is based on sales of $1 million-plus homes in the Dallas area recorded by the Multiple Listing Service.

The median sales price for luxury properties in July slipped a marginal 5.1 percent to $1,400,000 compared to $1,475,000 in July 2017.

Of the luxury home sales in the Dallas Metro Area, 23 were of properties priced $2 million or more last month.

Below are some additional findings from the July Coldwell Banker Residential Brokerage luxury report:

  • Dallas saw the top six most expensive sales in the area, with the highest sale closing for $6.7 million
  • Luxury homes took an average of 66 days to sell in July compared to an average of 74 days in the prior year’s month
  • Sellers received an average of 92.1 percent of their asking price, nearly the same as July 2017, which saw a ratio of 92.5 percent

The Dallas Area Luxury Home Report is presented by Coldwell Banker Residential Brokerage, a specialist in high-end real estate sales. Through its internationally renowned Global Luxury program, Coldwell Banker is recognized around the world for its expertise in the luxury housing market. 

Coldwell Banker Residential Brokerage in Dallas is a leading residential real estate brokerage company with 14 offices and approximately 920 affiliated agents serving the communities of Dallas/Fort Worth. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor agents and are not employees of the company. Coldwell Banker Residential Brokerage is part of NRT LLC, the nation's largest residential real estate brokerage company. For more information, visit ColdwellBankerHomes.com.

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