Dallas, Texas (PRWEB) May 01, 2014
Dallas real estate agent, John Jones, has put together a detailed overview of the real estate climate in East Dallas as of the first quarter of 2014.
While not formally defined, East Dallas is generally considered to be the area west of Central Expressway, south of Mockingbird Lane, east of Loop 12 and north of Fair Park. East Dallas is further divided into dozens of smaller neighborhoods, each with their own geography, architectural styles, and cultural tones. Some East Dallas neighborhoods, for example, have active historical conservation efforts to preserve the original style and characteristics of the area.
The market report for East Dallas shows home prices to be on a significant increase and continuing an overall trend of rising prices for the area, with the median sales price settling at $258,450 for March of 2014, a 10.6% increase from the same month last year. Even more remarkable, the average price per square foot of living space has increased by a stunning 15.2% from $138 to $159.
"In short, prices are up, inventory is down, and the houses are being sold quickly," says Jones, who specializes in East Dallas real estate. "The next few months are some of the busiest times of the year for East Dallas real estate agents and it remains to be seen how the historical seasonal increase will factor in to the long term trend for the area."
Real estate market reports such as this can be vital tools to help both real estate agents and their clients during the home buying process. Professionals relocating to Dallas also find reports such as this one invaluable to help get an overview of an unfamiliar housing market at a time when they may not be able to directly research the market themselves.
"Market reports encompassing a larger area can help buyers compare the market in individual neighborhoods to the wider market to help them gain insight and make informed decision on home prices," explains Jones.
This report, as well as many other tools for homebuyers, is freely available at http://www.homesourcedallas.com.
About John Jones
John Jones is a Dallas real estate agent specializing in homes sales in the East Dallas area. He has over 15 years of experience in the local real estate market that includes expertise as a real estate agent, mortgage banking and brokering, and forensic financial analysis. Mr. Jones' knowledge of the mortgage side of property sales combined with his understanding of the DFW Metroplex real estate market help him to provide his clients with distinct advantages when purchasing a home and overcoming many of the hidden complexities in the financing process. A Dallas native of over 30 years, Mr. Jones is actively involved in community outreach projects such as neighborhood clean-up and beautification, and home building volunteer work for underprivileged families.