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- Preston Hollow still strong in a down market
Preston Hollow still strong in a down market
Lydia Player, "LydiaPlayer"
Dallas
Real Estate Agent
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Despite the current headlines screaming that our market is going to hell in a handbasket, the Preston Hollow market is holding up well. According to the most reliable single family home sales statistics, we are doing much better than the rest of the country. Here are our most recent MLS statistics (from the North Texas Real Estate Information Service):
The September 2008 Year-To-Date Statistics for the area of North Dallas south of LBJ (which includes all of Preston Hollow) shows a total sales of 423 homes this year. This is down 25% from this time last year. However the average sales price of $972,603 represents an increase of 5% from this time in 2007.
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