Luxury Market Watch - February 2022

The luxury market performed well - especially considering February is a short month. All indicators increased. However, the market remains seriously inverted (157%) with hundreds more luxury properties leaving the market rather than entering.

There are currently 1,307 Active luxury properties for sale in the North Texas area. The most expensive is an incomplete construction property in University Park with a sales price of $43 million. Meanwhile, February’s highest closed price was $7 million in Wulson Estates of Dallas (in Preston Hollow).

If you’re ready to “right size” to a smaller property, now is the time. Call, text or email me to sell your property quickly for the highest price with the fewest inconveniences. 

I can help you locate several loan products that let you use your home equity to “buy before you sell” for reasonable fees. Some loan products even have $0 due at closing with ample appraisal gap coverage and offer repair options to maximize sales income.

I’ve Got Your Six!

Mark M Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com

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