Dallas Residential and Commercial Real Estate Market News

 Dallas residential real estate looks steady when you look at the MLS data as of October by monthly indicator from the Collin County Association of Realtors. The percentage of original list price received at sale is same as 2009. When look at two years there is slightly difference around 0.4% however the average sales price is higher 5.6% than 2009.

 According to Dallas Business Journal, Commercial foreclosure listings in Dallas-Fort Worth reached a 19-year high in the first 11 months of 2010, according to a report released by the Addison-based Foreclosure Listing Service. Foreclosure listings on D-FW commercial properties increased 39 percent in the first 11 months compared with the same period in 2009. The percentage represents 3,000 foreclosure filings so far, compared with 2,173 filings made last year during the same months.

 President of Foreclosure Listing Service said, “Although this is the highest volume of commercial postings that I have seen in almost two decades, it comes nowhere near the level that I saw back in 1988, when the all-time record high was set with around 8,000 total commercial postings filed in that year. For 2010, even when you combine postings of traditional improved buildings, miscellaneous commercial buildings, and tracts of land, I am estimating that total commercial foreclosure postings will only reach around 3,300.”

 Commercial listings documented in the report include retail centers, retail buildings, office buildings, industrial buildings, apartments and commercial land.

 If you are interested in more information about homes in Dallas, condos in Dallas, homes in Frisco, Plano, McKinney homes for Sale, Carrollton homes, Prosper homes for Sale, Allen homes, Coppell homes for sale and surrounding homes in DFW, feel free to contact me, I will be happy to send you more information regarding specific Dallas area properties.

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