Far North Dallas is typically defined as the area north of Interstate 635 (LBJ Freeway), east of Marsh Lane, south of Plano and west of Coit Road or Richardson. The area is very diverse and includes the area known as Addison, best known for all of its restaurants and its entertainment district, particularly Addison Circle and its outdoor entertainment from music festivals to art fairs. Far North Dallas real estate is also home to the Galleria Mall and the nearby Valley View Mall.
The median home price for Far North Dallas Real Estate is $265,450 as of year-to-date numbers for June 2009. That is actually only a 2% decrease in the median price from the same time in 2008. At the present time, there is an approximate 6.5 month supply of homes currently on the market, and the typical home sells in 76 days, or about 2 1/2 months. New construction in the area is very limited, with the majority of the new construction being custom built homes in the $1,000,000.00 to $4,000,000.00 range.
One of the draws for home owners in the area are that the majority of the area is served either by the Plano Independent School District or the Richardson Independent School District, both of which are rated considerably higher than the Dallas Independent School District. A big part of the area was built in the 1960s, so mature trees and quaint neighborhoods can be found in this area of Far North Dallas real estate. And it is a quick trip to the downtown Dallas Central Business District via the North Dallas Tollway. So convenience to downtown Dallas, Dallas Love Field and the DFW International Airport make this an ideal location to call home. So call me today to find your new home.
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