There is increased inventory for the Dallas area Luxury Home Market overall (homes priced at $1m or more), than
in 2014:
The new construction homes available inventory has increased dramatically:
But the median luxury home price saw a decrease in pricing that could be related to the increased available inventory:
And there is good news in the decreased number of days on market for our Dallas Luxury Home sales:
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Thanks for the update for the Dallas luxury real estate market, Lisa. Some interesting statistics.
Good morning Lisa. Very well done report, the higher end market is one that you understand very well.
Wow, what an incredible market. You are definitely the broker to call for assistance in the Dallas luxury real estate market, Lisa.
Hi Lisa. Wow! Those numbers are just incredible. A million dollars in real estate for me is five sales
Interesting... is your increased inventory in the form of high end condos or single family homes? We have several luxury towers going up with large (3000 sq ft), high end ($1 - $ 4M) units that is increasing our luxury inventory numbers ... but this is very different than those who are seeking single family luxury homes ... so I was wondering about Dallas?
Good morning, Lisa! This is a great market report. Thanks for sharing this and I hope you have a lovely day ahead!