Dallas Home Prices Down, Condo Prices Up

Posted on November 25th, 2008 6:18pm by Wick Allison
Filed under Real Estate

Dallas home prices fell 2.7 in September against a Case-Shiller 20-city average of -17.4%. Dallas was the best market in the country, followed by Charlotte. Meanwhile, Dallas condo prices rose 11.1% in October, which was also the strongest performance in the country, followed by Bismarck.

4 Comments to “Dallas Home Prices Down, Condo Prices Up”
  • Candace Evans @ November 26th, 2008 at 12:21 am

    I saw that and was quite curious about the condo prices coming on the heels of news that the Stoneleigh Heritage had been put on hold. Must ask Dallas Dirt readers… like I said, take that minus 2.7 percent to the Appraisal District!

  • Kris @ November 26th, 2008 at 5:02 am

    My condo value sure hasn’t gone up. I just had an appraisal done for a refi, and it appraised 20K less than it did 2 years ago when I bought it.

  • Puddin'Tane @ November 26th, 2008 at 8:06 am

    I haven’t seen a price increase but I have noticed prices holding steady for the most part. One exception is a price drop over at the Palomar…which, frankly, needed to happen.

    I have purchased two condos in Dallas and still happily living in one of them on Turtle Creek. Due to my RE license I receive emails on condo and townhome listings on a weekly basis so I can keep abreast of what’s going on with the values.

    So far so good.

  • richard @ November 26th, 2008 at 8:10 am

    “median” condo prices rising means little; or better yet, next to nothing. But I understand why the source Wick quoted would “phrase” it that way. They are the realtors association.
    I heard a great speech a few years ago about housing by one the big shots at the Dallas Fed. He said in his 25 years of working at the Fed, anecdotal residential stories (prices) told him much more and were more accurate than housing statistics…..So let’s ask ourselves, anecdotally, have condo prices risen or fallen?
    Answer: Is it even close.

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