Even in a strong real estate market, the buyer pool for a $3M+ property is narrow, to say the least.
Over the last two years, there have been 260 listings in North Dallas/Preston Hollow priced at or over $3M. In that same time period, 73 of these properties have sold. That represents a sales rate of 28%.
Compare that to the price point of $1M-$1.5M. This is still a stalwart price point. In the last two years, there have been 583 listings at this price point with 270 sales. A sales percentage of 46.3%.
If you want to know how these numbers directly affect your home's value, give Kyle a call today.