Has the Dallas market appreciated or depreciated over the past year?

Asked by Francesca Patrizio, Manasquan, NJ Fri Sep 21, 2012

. . . . and if so, by what percent? (i.e., appreciated by 2% or depreciated by 2%)

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8
Kim Nwachukwu’s answer
Kim Nwachukwu, Agent, Irving, TX
Fri Sep 21, 2012
BEST ANSWER
The question is too broad. Real estate is sold in micro markets, neighborhoods and small areas. What's happening in the Park Cities isn't what's happening in the M Streets or what's happening in Lakewood or what's happening in Las Colinas. Some areas are flat to down, other areas are up. An average for the entire Metroplex is just that, an average used to report news. August pre-owned home sales were up 14% nationally, but when you are purchasing property the national average shouldn't mean much to you. Micro markets are what matters when you are in the market to purchase or sell, not entire metropolitan areas. However, as a whole the DFW area is up, but being up is meaningless to the guy trying to sell his property in a down micro market or neighborhood, and from a simple housing standpoint, should be fairly meaningless to an individual that needs a place to live. Micro, micro, micro - that is what matters.
2 votes
Bruce Lynn, Agent, Coppell, TX
Thu Oct 4, 2012
Case Shiller index says up 3.7% in the past year.
http://www.dallasnews.com/business/residential-real-estate/2…

There are pockets though...Dallas is a big place for an average.
0 votes
Dixon Wong, Agent, Dallas, TX
Fri Sep 21, 2012
Hi Francesca,

It has really been stable and going up.

Its def a good time to buy plus renting is so expensive now

Dixon
Realtor
JP and Associate
http://www.findyourtexashome.com
0 votes
David Whites…, Agent, Dallas, TX
Fri Sep 21, 2012
By and large homes have slightly increased in value or have been flat. Over the last 60 days I have noticed an increase in value on homes under 250,000.
0 votes
Francesca Pa…, Agent, Manasquan, NJ
Fri Sep 21, 2012
lakewood/forest hills up or down?
0 votes
Jim Shi, , Dallas, TX
Fri Sep 21, 2012
According to Ntreis (MLS) statistics, Median sale price in Greater Dallas Area iwent up by 5.5%, from $145000 (Sep 2010 thru Aug 2011) to $153000 (Sep 2011 thru Aug 2012).
0 votes
thanks beau
Flag Tue Sep 25, 2012
Kevin McGove…, Agent, Dallas, TX
Fri Sep 21, 2012
Francesco-

Overall the Dallas market never had the extreme ups and downs like many other parts of the country. We have always had a very stable market. That doesn't mean that some parts haven't dipped. So much depends on the area of town you are looking at. Some neighborhoods are seeing a swing from a Buyer's market to a Seller's market due to lack of inventory.
0 votes
Kenneth "Ken…, Agent, Dallas, TX
Fri Sep 21, 2012
Again, that depends on where in Dallas.

Pick 1 Realtor and work with him or her.

Kenny
0 votes
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