The highest listed price on the MLS remains $43 million for an exquisite 6 bed, 8.3 bath estate with a 10-car garage on 1.84 acres in University Park. It entered the market on 23 May 2022; however, there has been no price improvement.
The Fed raised interest rates .75% again in July. Meanwhile, mortgage rates went from 5.7% at the end of June to 5.3% by the end of July.
There are currently 39 Active luxury lease properties in North Texas with list prices of $10,000 or more per month. The highest listing price for a lease is still a 6 bed, 5.2 bath with a 6-car garage and pool on 2 acres in Flower Mound for $30,000 monthly.
Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
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