Realtor News
I spoke to MetroTex Association of Realtors MLS Director Cathy Faulkner yesterday about “Z sales” coming to an end. In the luxury market, “Z sales” gave lofty sales prices a sense of anonymity.
I won’t bore you with the technical details of what a “Z sale” is exactly. Check out this site for a primer on the practice. The gist is this: sellers who were gun shy about disclosing what they paid for a home listed on MLS put a “Z” instead of a big number followed by a lot of zeroes.
Dallas Realtor Jeff Duffey says the death of the practice “will never affect approximately 99% of the real estate market areas throughout North Texas.” However, he estimates roughly 20 percent of the sales in high-end neighborhoods such as the Park Cities, Preston Hollow, and Turtle Creek are “Z sales.”
John and Teresa Amend’s Mount Vernon at 4009 West Lawther Drive was snapped up in this week’s second version of Global Real Estate on Steroids, aka “Mansion” in the Wall Street Journal. You see it on the second page of the special section, then you see it here on the on line report.
This regal home at 3005 Shadow Drive in Arlington is so full of luxury goodies I do not quite know where to begin. What you cannot see from the photos is the vistas it overlooks, the lush landscaping, the proximity to both Cowboys and Rangers stadium. No more game traffic on I-30! What you can…
We got a rare, very cool opportunity to peak into the amazing Strait Lane home of Amanda and Brint Ryan this week and join the folks supporting the 2012 St. Jude Golf Classic and Evening Under the Stars party this weekend. That’s me with Stacy Blank and Regina Bruce. We were in the amazing first…
We will be talking Fairmont Privates Residences at Ghirardelli Square exclusive fractional vacation ownership TONIGHT at this gorgeous listing — with Virginia Cook agents Jolene Crawford and Diane Duvall Rogers’– over at 4724 Saint Johns Drive. Might I add, the honeypot of Saint John’s Drive. Offered at $4,700,000, this almost 9,000 square foot babe has three stories,…
