Rich Patterson, Realtor, RE/MAX Urban, Downtown Dallas, Uptown Dallas, Oak Lawn, Oak Cliff

2011 Cedar Springs | Luxury Urban Lofts in Uptown Dallas - Contact Rich Patterson, Downtown / Uptown Dallas Realtor

Wednesday, 09/08/2010


Real Estate News
Dallas & National


Market Update

Week of August 22 - 28:

33 New Listings
42 Active Foreclosures
57 Price Reductions *
14 Sold **

* Price Change Facts: Average list prices on "Active Only Listings" are running at 88% of original price after 141 days on the market.

** Sold Property Facts: Average sales price is 95% of list price. Average days on the market were 82.

Stats shown include Downtown Dallas, Uptown, Victory Park and Oak Lawn.

Read more about current Dallas Real Estate Market Activity.


2010
Annual School Report

This Annual School Report is provided by my friends at Republic Title


WR Starkey Mortgage News

Welcome to the mortgage roller coaster. First, VERY weak housing sales numbers pushed rates down against the floor. Then, better than expected Gross Domestic Product numbers, and the Fed’s comments (indicating they are not supporting lower mortgage rates in future purchases), caused rates to spike, albeit still in the low 4’s.

There are many other factors whirling around which are also impacting rates: The stock market, Greece - AGAIN, strong German GDP, etc. Any way you look at it, the global market is NOT dull. Suffice it to say, we are still at a floor and there appears to be only one way for rates to go: UP. So, by waiting, your clients might get lucky and rates will stay low. But one thing is becoming increasingly clear through the repetition of patterns: Rates are NOT going lower.

FYI, the low housing numbers were the logical let-down from the stimulus-induced highs earlier this year. So don’t let this panic you. Housing numbers will stabilize in the next two months at non-stimulus levels, and then continue to improve.

This week 30 yr. fixed rates remained in the low 4’s depending on program, credit and points. Have a great weekend and have your buyers call us so we can get them approved to buy.

This update is provided by my friends at WR Starkey Mortgage. Contact Susan Moore with WR Starkey for your loan approval and call or email me to help you find and close the sale on your new home.

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Rich Patterson

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RE/MAX Urban
(214) 563-1667 mobile
(214) 853-9497 fax

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Rich Patterson - RE/MAX Urban Dallas Texas Real Estate

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2011 Cedar Springs Road

Developed by CLB Partners in 2000 as the flagship development, 2011 Cedar Springs Road is a luxury loft development just north of downtown in Uptown. This community features 45 luxury loft condominiums at an average size of about 2,300 square feet. Each home has 20-foot windows and extra large balconies with spectacular views of Downtown Dallas. Units also feature hardwood floors, stained concrete, granite kitchen surfaces and large bathrooms with oversized showers and whirlpool tubs. Community amenities are a swimming pool, security systems, and secure, covered parking.

Situated on the northern edge of the Dallas Central Business District, the community is within walking distance of the American Airlines Center, and numerous restaurants, shops, and galleries. The McKinney Avenue Trolley stops a block away in front of 1999 McKinney (also developed by CLB Partners) giving you access to just about all of Uptown and on to Downtown Dallas and the Arts District. Of course, downtown and the Arts District is also walking distance from this property.

2011 Cedar Springs Road scores a 88 on WalkScore. Walk Score helps people find walkable places to live. Walk Score calculates the walkability of an address by locating nearby stores, restaurants, schools, parks, etc. Walk Score measures how easy it is to live a car-lite lifestyle.


Available Residences and Pricing



All information herein is deemed reliable but not guarantee and should be independently verified. Broker and Agent assumes no responsibility for errors, omissions, prior sale or withdrawal. In accordance with Local, State and Federal Laws, properties are offered without respect to race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), marital status, handicap (disability), and sexual orientation.


Connecting home buyers and sellers in Dallas, Fort Worth and surrounding Metroplex communities.

RE/MAX Urban
1001 Ross Avenue, Suite 114
Dallas, Texas 75202
(214) 563-1667 mobile
(214) 853-9497 fax
(214) 999-1181 office

Send Email to Rich Patterson


Each RE/MAX Office is Independently Owned and Operated.

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