Two sets of luxury home neighborhoods make up the north Dallas luxury home enclave. The first, which includes well-established and long-admired neighborhoods like Preston Hollow, Greenway Parks and Bluffview, is located north and east of the Park Cities, about eight miles from downtown Dallas. The second, which includes mostly newer, but similarly exclusive neighborhoods like Preston Trail, Oakdale and Oaktree, is just east of the Dallas North Tollway and south of Plano, about 15 miles north of downtown Dallas.
The southern part of the north Dallas area is known especially for its
luxurious
homes and out-of-the-way, country-like setting. If you are looking for an estate property with acreage that is for sale anywhere near downtown Dallas, this probably is where you will find it.
Pre-owned north Dallas luxury homes costing $500,000 and up recently have sold on average for $234.60 per square foot and were on average 31.4 years old. The average price of newly constructed homes in this area has been $287.00 per square foot.
Note: Not all houses offered for sale are listed on MLS. Sales price and age of homes sold information provided above is for properties listed on the MLS only.
Source: North Texas Real Estate Information Systems Inc. - home sales information for 12 months ending March 31, 2008.
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 ... (more)
