Dallas Home Prices Have Made Up Declines, Continued: Not So Fast There, Partners

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6171 Northaven Rd extSee this house? Becky Frey sold 6171 Northaven Road in about three minutes. OK, she listed it 1/15/2013 and it’s pending. So yeah, homes are selling and the atmosphere is a bit frenzied for a January. Mostly January is a thaw in the real estate calendar. But then Kyle Rovinsky wrote me on Facebook with this great input and food for thought:

  • Kyle Rovinsky Just ran a specific study. Extremely updated 3 bedroom houses in 75230. In 2006, avg of top 5 sales came to $232 per sqft. In 2012, the avg came to $211 per sqft. While up 19% from 2011, it is still down 9% from high water mark.
  • Candace Evans What do you mean by extremely updated?
  • Kyle Rovinsky Some major renovations – moving walls, making more space. Also complete kitchen and all baths. As to not confuse with values of teardown/remodel opportunity.

Candy Evans, founder and publisher of CandysDirt.com, is one of the nation’s leading real estate reporters.

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