Steve Brown over at The Dallas Morning News is reporting that the median home sales price in the Park Cities topped $1 million for the first time in the first quarter of 2014.
According to the latest data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems, a mid-priced home in Highland Park or University Park now costs $1.1 million. That’s 30 percent more than what the median home sales price in the Park Cities was in first-quarter 2013.
Sales of million-dollar plus homes across North Texas are soaring. To date in 2014, 194 houses priced at $1 million and up have sold, according to MLS statistics. That’s a third more of than in first-quarter 2013.