North Dallas is generally defined as the area of Dallas north of Loop 12/Northwest Highway on the south, Central Expressway on the east, Interstate 635 on the north and Midway Road on the west. So from the above boundaries, you’ll notice the ease of access in and out of the area, not mentioning the North Dallas Tollway that basically bisects the area going north and south. This is one of the wealthier areas of Dallas and the real estate slowdown has hit this area fairly significantly. The North Dallas homes for sale are staying on the market an average of 108 days, some of the longest days on market in the entire Dallas County. Year to date, the North Dallas MLS listing sales are down 19% versus one year ago and the average North Dallas real estate price has declined 13% and the median North Dallas real
estate price has declined 17%.
With the currently monthly inventory of North Dallas homes for sale standing at 17.8 months, this could be your ideal time to purchase a mid-1900’s built home, with treed lined streets in, one of the wealthiest neighborhoods of Dallas. However, you should bring your pocket book. While North Dallas homes sales typically start in the low $200,000, these are rare and extremely hard to find. The typical North Dallas home for sale is priced more along the lines of $500,000.00 to $1,000,000.00. Although there have been 54 North Dallas homes for sale that have sold for more than $1,000,000.00, including one sold to a George W. Bush.
Please contact me today with your North Dallas Homes for sale questions!
Follow
Comments on this entry are closed.