Mls
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.”
Maribeth Peters of Allie Beth Allman & Associates sent in this week’s Friday Five Hundred, a Hip Pocket listing in Greenway Crest. “It is so hard to find a pretty two-story traditional home in Area 25 and at a reasonable price under $600,000 with an amazing Master Suite,” Peters said. If you know someone who’s on…
Curiously enough, Troy Aikman’s home is no longer on Allie Beth Allman’s web site. And when I checked MLS, it said CANCELLED. What does this mean? A. Troy has taken his home off the market and needs a break from the exhausting sales process. It is so hard keeping one’s home perfect for every showing.…
Tom Leppert’s place at 9925 Alva Court (once listed by Eleanor Sheets) will be up for grabs on MLS tomorrow morning. Mary Poss of Ebby Halliday will be the listing agent.
Mary describes Leppert’s home as “an absolute masterpiece.”
