Britt Morris Thinks...

Northwest Dallas Update

So what's going on in the Dallas real estate market?  You're probably reading headlines each and every day regarding sour markets all across the country.  While real estate is better categorized as a local market, even Dallas is feeling the effects of the nationwide slowdown.  While we're eagerly awaiting the November MLS statistics, here's a brief recap of the Northwest Dallas market in October '07 as compared to '06. 

Pending sales were down 34% from last year.  That's the number of sales that are pending with no contingencies.  They will typically close in the following month.  Although this is a large decrease, the inventory for Northwest Dallas still remained at 4.6 months, close to last years mark.  This is probably a result of 25% less listings being available now than were last year.  Also, closings were down 6% but the average price was up 7% from last year.  Kind of confusing isn't it? 

Basically there is less sales volume this year than last, but prices seem to be ticking up just a bit.  Economic indicators in Dallas, primarily the job strong job market should keep prices and inventory fairly steady.  Don't expect any double digit increases any time soon.  The black cloud over real estate in the media will continue to effect the DFW market even if we're much more stable than much of the country. 

I'll be focusing on some different areas within the metroplex when the November numbers come out.  If you have any questions about recent activity in your area, please don't hesitate to call the office. 

Check back soon. 

Britt Morris Real Estate

Highland Park Place

4514 Cole Ave. Ste 600

Dallas, TX. 75205

Office 214-273-7255

Mobile 214-773-9637

Fax 214-594-0103

britt@brittmorrishomes.com 

Chilly Winds

Burrrrrrr!!!!! Burrrrrrrrrrrrrrr!!!!!  I love it.  My birthday always seems to bring the first tast of cold weather to the metroplex each year.  That being said, I thought I'd use this time to share some of the pictures from our summer sailing trip. 

Have no doubt about it,these pictures are intended to incite jealousy and envy in each one of you.   It was nothing short of a trip of a lifetime and these chilly winds remind me of fonder times.  We had an amazing crew of friends and some of the best waters in the world, the best food on the high seas, and perhaps a bit of the pirate lifestyle.  Don't worry, I'll somehow link this back to a bit of boring real estate talk.  There was an island down there for sale for 32 MIllion.  Any takers?  See, now I can write this blog off at the end of the year. 

Yeoh Ho HO on with the pics. 

That's right, I was captain of the boat, as you can see from this picture right here. That's actually not totally accurate.  They let me sit in the captain's chair when we were docked.  I was captain of falling down on the boat though.

Down below you can see the view up at the sails.  I can honestly say that view was a big player in our week.  Lots of laying on the deck and sunning ourselves.  Does this remind you of the weather outside.  Don't forget to put on your North Face jacket.  It's cold!!

 

Now maybe you'd to take a look at my dinghy.  I guess it was the boat's dinghy really.  I actually was captain of this all week.  Trust me it's not an honor.  You're responsible for carting everyone back to the boat in the dark after several rum drinks.  My dinghy privileges were revoked after an incident which will not be mentioned here.   Suffice it to say I may not be allowed on the island of Jost Van Dyke again.

It was such an amazing trip and I'll be devoting more that just this blog to it.  I would like to leave you with one of my favorite photos of the trip.  I think this pretty much sums it up.

More to follow.  Stay classy San Diego!!!!