The Central Market Condos area of East Dallas, TX is comprised of 17 condo complexes totaling approximately 1100 individual units. It is one the largest area of condos in the city and also the place I like to call home. This area is contained within Lovers Lane, Greenville Ave. and Skillman. The latest market statistics seem to indicate that there are some decent deals to be found in the Central Market Condos area.
According NTREIS, as of September 2012, there are 34 residential properties currently active. They range in size from a 1 bedroom/1 bath 860 square foot unit for $54,900 to a 3 bedroom/2.5 bath 1422 square foot property for $187,700. That's $51 per square foot and $159 per square foot, respectively. The average days on market for the Central Market Condos area is currently at 108 days.
One property is currently pending. It is a 2 bedroom/2 bath 1050 square foot property listed at $164,900. That comes to $157 per square foot. It was on the market for 9 days before it went under contract.
Eight properties were sold in the month of September. A 1 bedroom/1 bath 709 square foot unit that was originally listed for $34,900, eventually sold for $32,500 ($42 per square foot). On the higher end, a 3 bedroom/2.5 bath 1299 square foot property that was originally listed at $145,000, sold for $141,000 ($134 per square foot). The average amount of days these properties were on market before they sold was 182.
As you can see, it's a great time to invest in a Central Market Condo. Whether you want to make this area your home (I love it) or simply want to build your real estate portfolio, the Central Market Condo area has much to offer. Just let me know when you want to start looking.