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DALLAS MILLION BUCK HOMES SALES IN A SLUMP

By
Real Estate Agent with Bill Cherry, Realtor 0124242

DALLAS MILLION BUCK HOME SALES IN A SLUMP

Many areas of the Metroplex seem to be holding fairly steady in home sales, according to Bill Cherry, principal broker of Bill Cherry, Realtors.

However, Cherry says that's not true for luxury home sellers as many potential buyers seem to be taking a wait and see attitude.  That's leaving behind a two year supply.

Bill Cherry says that since December 1, 2008 only 37 homes have sold for more than a million bucks.  That leaves 626 listed and looking for buyers.  The most pricey one needs a home buyer with $17 million to spare.  

And then there's the noted Dallas builder who took the chance and apparently built one spec home too many.  It's been on the market for quite a while at more than $11 million with no takers.  

Bill Cherry has been selling luxury homes for 44 years.  He says if that's what you're looking for in Dallas, now's the time to negotiate a bargain.

FOR MORE INFORMATION:

Bill Cherry Realtors

214 503-8563

BILL CHERRY, REALTORS

DALLAS - HIGHLAND PARK

Our 44th Year Selling America!

214 503-8563

800 314-7110

Copyright 2009-William S. Cherry

Comments (4)

Angelia Garcia
Pure Realtors - Dallas, TX

Bummer! Hope it picks up soon.

Feb 02, 2009 05:12 AM
Carl Winters
Canyon Lake, TX

Bill the saying goes "what goes down or stays steady will go back up" so let's hope for the "will go back up" for Million Dollar House Sales.

Feb 02, 2009 11:36 AM
Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

I don't think Dallas is the only area of the country stuggling with the sales of million dollar homes.

Feb 02, 2009 11:02 PM
Steve Shatsky
Dallas, TX

Hi Bill... Yikes... at that rate there is almost 34 months of inventory in the Million Plus range!  What an opportunity.  Let's get selling! :)

Feb 03, 2009 03:16 PM