Located approximately five miles north of downtown Dallas, the Park Cities of Highland Park and University Park offer their residents distinctly beautiful houses, charming and prestigious neighborhoods, and an incredible natural setting that features the picturesque parkland that runs along the banks of Turtle Creek.
The Park Cities constitute DFW's most exclusive luxury home enclave. Only about thirty percent of the Park Cities pre-owned homes sold are priced at less than $1 million, and quite a few of these transactions are to acquire lots on which new homes can be constructed.
The Park Cities area also has the distinction of both having the most luxury mansions and the most established luxury neighborhoods in the metroplex. Recently sold pre-owned luxury homes selling for $1 million or more brought a projected average $331.70 per square foot and were on average 33.8 years old. Newly constructed luxury homes sold for an reported average of $383.70 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. Projected sale prices used when actual sale prices of properties have been withheld.
Source: North Texas Real Estate Information Systems Inc. - Home sales information for 12 months ending June 30, 2010.
8/26/2010 - Same month, year-to-year sales of DFW luxury homes selling for $1 million and up were up 82.8 percent in July, with 53 previously occupied homes sold this year versus 29 such homes sold last year. However, it should be noted sales during July a year ago were down ... continue
