Home Buying in 75243>Question Details

davo23_mvp, Home Buyer in Dallas, TX

Why are homes for sale in the low to mid $100's north of royal, south of 635, and east of 75?

Asked by davo23_mvp, Dallas, TX Tue Jul 10, 2012

Seems like something might be wrong to get a 3 bedroom house in Dallas...

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5
Doug Selzer’s answer
Based on your boundaries, you are most likely referring to Northwood Heights/Urban Reserve. There is not anything "wrong" with that area. I live and work in neighborhood and would be happy to share more information. Call me at 972-322-8073.

Doug Selzer
The Selzer Group
Ebby Halliday REALTORS
1 vote Thank Flag Link Tue Jul 10, 2012
Older homes and older neighborhoods. Doesn't mean it is a bad neighborhood, just older.

Kenny
Broker
Kennyrealtor@yahoo.com
1 vote Thank Flag Link Tue Jul 10, 2012
Dallas is a big place and the area you describe is only a small part of it. Lots of those homes are quite old, some are probably in somewhat original condition and may need repairs. The easiest answer to your question is " because that's what the market dictates in that area" - and why the market dictates what it does in any given area requires much research with an answer that would be far to lengthy for a public forum. You should be working with a good buyers agent - who can answer this kind of question for you, can work directly with you and be your advocate in your pursuit of a home, no matter where it is.
1 vote Thank Flag Link Tue Jul 10, 2012
Hi Davo,

This is just an older area where most people either want to be in Plano when the locatin is all the way to to 635. Or be in central dallas. That part of town in Coit has a lot of older rental complexes too. That is one of the reason why it driving the price down.

If you go down to Royal and 75 - price wil be more than double! Its just depends on what you are looking for.

Good luck with your search

Thanks

Dixon
Realtor
JP and Associate
http://www.findyourtexashome.com
dixondfw@gmail.com
214-519-9493
0 votes Thank Flag Link Thu Jul 12, 2012
Prices are different in different areas. Some low, some high, sometimes it makes sense, sometimes it doesn't. You can buy a new home at $50/sqft in the extremes out from Dallas and Ft. Worth, while some older homes in the city go for $200-$300sqft.

Sometimes crime plays a factor, sometimes schools play a factor, sometimes construction quality plays a factor, and in the end supply and demand and access to land play a factor.

This area typically has older and smaller homes. I'm thinking some might be 50 years old or more and that could play a factor.
0 votes Thank Flag Link Tue Jul 10, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
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