You might want to consider purchasing a foreclosures, I just reviewed a property with downtown views, w/o running the comp's was $100K below tax values. Fairly new construction. Therefore no matter what happens you came in on the bottom in lieu of paying at the top. Everyone does want to move downtown we are handling allot of leases for this area. WOW....

There is likely overbuilding in the uptown/victory area, but so far prices have not reflected this. My thought is that it will be another 2-3 years before you see a fallout here. Most of the heavy presales likely went to out of state investors and were not heavily discounted. Some projects have been cancelled, but there are several still under construction. So far most of the builders have not marketed like Florida condos did. We can often offer you some great deals though if you plan to stay and live for a while.

Steve,

I dont know if you are looking for Victory and Uptown specifically, but I have a townhome in Legacy Town Center that is priced very well. If you would like more details you can see the property at http://www.DallasHomeInfo4U.com Thanks

While the Dallas/Ft Worth market is doing well overall, I think this (Uptown/Victory Park high end condos) is one of the weaker segments of the market. 6 or 7 highrise developments have been cancelled but there will be several hundred condo units being finished in the next 24 months in the Uptown/Victory Park area. This is probably more than the market can quickly absorb but I would not look for the prices to be slashed too much. Most of these developers are strong companies that have the patience to wait it out.