How many times have you heard the phrase, “All real estate is local”? When it comes to luxury real estate in Dallas this couldn’t be more true. The high-end market in Dallas is not only local it’s actually a micro-niche of the larger area housing market. While the upper-end home market is somewhat “slower” than it has been, sales of very expensive properties are still quite strong.
In the first three months of 2009, eleven Dallas luxury homes priced at more than $2 million have sold. 
The most expensive home sold to date this year is an $11.5 million mansion in the new Creeks of Preston Hollow neighborhood.
Trends are showing that real estate – particularly in Dallas’ close-in neighborhoods – is still a very good investment. While many Americans have lost a great deal of their accumulated wealth in the stock market, Dallasites can rest assured that, according to the signs we see, that won’t be the fate of their local real estate holdings.
By: 
Dave Perry-Miller, a luxury real estate expert serving Dallas, TX
