Now marked down: Dallas mansions

Now marked down: Dallas mansions
By Steve Brown / The Dallas Morning News

The French-style Highland Park house has limestone floors, a three-car garage, a swimming pool and guest quarters out back. But what's likely to catch a buyer's eye is the sign out front: "New Price."Now offered at $4.45 million, the 6,788-square-foot mansion has been marked down by close to $1 million since it came on the market last spring.

"It's one of those listings you are scratching your head," said agent Joan Eleazer. "You know that the market is bad, but why hasn't this great house sold?"

With the latest price cut, Eleazer, who works for Briggs Freeman, is finally getting some nibbles from potential buyers.

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Dallas-area home listings fall substantially

Dallas-area home listings fall substantially
By Steve Brown / The Dallas Morning News
September 4, 2009

North Texas homebuyers who are hoping to find a huge supply of houses for sale may be in for a surprise.

While many markets in Florida and the West are suffering from a surplus of for-sale signs, the number of houses available in the Dallas-Fort Worth area has fallen substantially in the last year.

The supply of pre-owned homes for sale is down almost 17 percent from this time last year and has fallen by a quarter from the summer of 2007.

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