DFW Luxury Homes

Luxury Home Sales, Prices Both Slide

Dave Downs

April 21, 1980
The DFW luxury home market softened significantly in March with all major market indicators turning negative. For prospective buyers, probably the best news is the average price of DFW luxury homes sold during March decreased by 4.3 percent, as compared to the average price of similar homes sold during the same month a year ago. Adding to the concern of luxury homeowners who want to sell was ...

Home Sales Recover, Somewhat

Dave Downs

March 21, 2008
Led by home sales, DFW luxury home market indicators for the month of February indicate it may have weathered its dismal sales performance in January with only minor long-term effect. While same month, year-to-year sales were down 16.3 percent, with 128 previously owned luxury homes sold this year versus 153 such homes sold last year, average prices of the homes sold ...

Existing Home Sales Hit 4-Year Low

Dave Downs

February 21, 2008
Sales of previously owned, single-family luxury homes in the Dallas/Fort Worth metroplex dropped a whopping 35.9 percent in January, 98 homes this year versus 153 homes sold last year during the same month. This was the lowest one month sales total since January 2005, when only 94 such homes sold, and ...

Just A Blip, Or Something More

Dave Downs

January 21, 2008
Sales of previously owned DFW luxury homes dropped by 23.0 percent in December, with 151 MLS-listed homes reported sold this year versus 196 homes the same month a year ago. This caused sale volume for the past three months ...

Prices Rebound In November

Dave Downs

December 17, 2007
Sales of previously owned DFW luxury homes were up 7.3 percent in November, with 192 MLS-listed homes reported sold this year versus 179 homes the same month a year ago. Sales for the past three months ...

Luxury Homes Market Again Treading Water

Dave Downs

November 15, 2007
Sales of previously owned DFW luxury homes rose 1.1 percent in October, 180 homes this year versus 178 homes a year ago. Additional sales that have not yet been reported are likely to push this slight increase in monthly sale volume even higher. Such belatedly reported sales resulted in September's previously reported increase ...

Too Much Inventory Pushing Prices Down

Dave Downs

October 15, 2007
September marked the fifth straight month that the number of DFW luxury homes listed for sale has hovered around 2,400 to 2,500 homes. The low point in this range, 2,420 homes, recorded at the beginning of May, was 39.3 percent higher than at the same point during the previous year. The high point of just over 2,500 residences was ...

Area Market Still Bucking National Trends

Dave Downs

September 17, 2008
DFW luxury home market conditions are quite different than what is being seen in much of the country's housing market. Sales of previously owned, single-family luxury homes are up, albeit somewhat modestly, as are ...

Sales Resume Double Digit Growth

Dave Downs

August 15, 2007
Sales in July of pre-owned, single-family luxury homes in the DFW metroplex increased by 10.8 percent over same month, previous year sales, to 307 residences. While this only pushes quarterly sales to a 6.1 percent year-to-year increase, it also means ...

Local Market Endures Slight Setback

Dave Downs

July 16, 2007
After three straight months of double-digit growth, sales of previously owned luxury homes in the DFW metroplex were off 5.1 percent in June, falling from 372 luxury properties changing hands last year to 353 properties this year. Even this slow down, however, DFW luxury home sales for the past three months were up 8.7 percent over sales for the same three months last year. Compared to the same three month period two years ago, sale volume ...