The Ups and Downs of Prices

THE FOLLOWING AREA BREAKDOWNS ARE based on the real estate map created by the Greater Dallas Association of Realtors. Selling and listing prices are averages. The 1992 property tax rates listed include county, city and school taxes per $100 assessed valuation, Dallas property taxes are $2.35. Housing starts refer to single-family homes during 1992. Sales prices for 1992 are year-to-date through November, unless noted.

Sources: Greater Dallas Board of Realtors, Multiple Listing Service, Greater Dallas Chamber Research Department, North Centra] Texas Council of Governments and Real Estate DataSource.

Cedar Hill (Map #1)

List Price Sales Price

1989 $89,400 $85,100

1991 $97,000 $95,000

1992 $91,100 $86,900

Located in southwest Dallas County, with a 21,313 population that is growing at about 3 percent annually, due to the town’s proximity to Joe Pool Lake. Mix of older, rural atmosphere and new developments like Lake Ridge, which spans 6,387 acres between U.S. 67 and the lake. There were 230 housing starts last year with most new-home prices between $70,000 and $110,000. Property tax rate is $2.68. Cedar Hill ISD.

DeSoto (Map #2)

List Price Sales Price

1989 $107,500 $102,100

1991 $112,800 $105,200

1992 $117,700 $106,300

A mostly single-family community of 31,212 residents located 12 miles southwest of downtown Dallas. Newish homes. The 276 housing starts last year were concentrated in the $90,000 to $150,000 price range. DeSoto public school students have a reputation for scoring high on national scholastic tests. Property tax rate is $2.55.

Lancaster (Map #3)

List Price SalesPrice

1989 $73,400 $68,300

1991 $63,600 $58,800

1992 S60,600 $56,200

The former 1852 trading post is now a big growth area, population 22,210. This mostly single-family town, 12 miles south of downtown Dallas, is finishing up several new subdivisions. Majority of the new homes are priced from $70,000 to $90,000. Lancaster schools. Property tax rate is $2.69.

Wilmer/Hutchins (Map #4)

List Price Sales Price

1989 $47,500 $44,200

1991 $40,300 $32,400

1992 $28,400 $22,000

These two communities in southeast Dallas County with wide open spaces and very little growth are bracing for change as developments surrounding the Superconducting Super Collider are put into place. Wilmer has 2,482 residents and property taxes are $2.79. Hutchins has 2,697 residents and property taxes are $2.67. Wilmer/Hutchins Independent School District.

Mesquite (Map #5)

List Price Sates Price

1989 567,400 $63,700

1991 $66,000 $71,800

1992 $67,100 $63,800

To the east of Dallas with a population of 104,315, Mesquite has neighborhoods with homes ranging from moderate to pricey. A lot of building going on, with 736 housing starts last year, carrying prices from about $70,000 to $110,000. A sprawling community of apartments is located along the 1-30 corridor. Mesquite Independent School District. Property tax rate is $2.36.

Ellis County (Map #6)

List Price Sales Price

1989 $80,500 $75,000

1991 $78,600 $74,100

1992 $77,300 $72,800

The quaint cities of Ennis, Midlothian and Waxahachie, with their historic homes, are in flux due to the building of the Superconducting Super Collider. Property taxes are $2.19 for Ennis, $2.13 for Midlothian and $2.35 for Waxahachie.

Lewisville/Flower Mound (Map #7)

List Price Sales Price

1989 $104,900 $99,300

1991 $112,500 $114,300

1992 $118,900 $113,400

Lewisville, population 48,260, is growing. Last year the town recorded 477 housing starts. Most of the new house sales activity is in homes ranging from $70,000 to $90,000 and in the $110,000 to $150,000 spectrum. Neighborhoods can vary, from those with country estates to enclaves of small first homes. Flower Mound also has seen a lot of growth, zooming from 1,455 in 1970 to 18,029 in ’92, and projections show it will grow to a population of about 30,000 by die end of die century. Last year’s housing starts numbered 1,036. Lewisville schools. Property taxes are $2.27.

Sachse/Rowlett (Map #8)

List Price Sales Price

1989 $86300 $82,100

1991 $84,900 $82,300

1992 $86,400 $83,000

On Lake Ray Hubbard in northeast Dallas County, this area has grown considerably in the last 10 years. From 1980 to 1992 the Sachse population went from 1,640 to 5,567. and there were 129 housing starts last year, Rowlett climbed from 7,522 to 25,373 and had 878 housing starts. A 30-minute drive from downtown Dallas, these cities feature lakeside homes, country neighborhoods and large lots. Almost all existing housing is single-family. Most new-home prices average from $90,000 to $150,000. Garland schools Property taxes in Rowlett are $2.23; in Sachse $2.22.

The Colony (Map #9)

List Price Sales Price

1989 $64,300 $62,100

1991 $67,300 $64,500

1992 $71,800 $69,400

What started out as a large Fox and Jacobs subdivision in Denton County between Lewisville and Piano eventually grew into a city with 22,816 residents living in single-family homes. No apartments. Most new homes hover between $110,000 and $150,000. Lewisville schools. Property taxes are $2.46.

Addison/Far North Dallas (Map #10)

List Price Sales Price

1989 $229,700 $205,500

1991 $223,800 $209,800

1992 $226,600 $202,300

Addison is a busy restaurant and retail region. It has about 50,000 people by day but is actually home to only 8,976. Last year there were 251 housing starts with most prices from $110.000 to $200,000. DISD and Carrollton-Farmers Branch schools. Property taxes are $2.21. Far North Dallas, north of LBJ. east of Addison, is where many relocating company executives settle. It encompasses mostly upper-middle to pricey areas including Bent Tree, Preston Trail and Prestonwood. Last year the area had 542 housing starts, with some neighborhoods featuring houses priced between $110,000 and $160,000 and others with prices from $300,000 to $500,000.

Preston Hollow (Map #11)

List Price Sales Price

1989 $344,700 $280,500

1991 $339,100 $274,600

1992 $313,500 $252,500

Hot neighborhood between LBJ and Northwest Highway, Central Expressway and Midway, where many old homes are being sold for about $200,000, torn down and replaced by new homes with price tags at around $400,000 and up. Old Preston Hollow, around Strait Lane, is the estate section with million dollar homes, each on an acre or so. Some of DISD’s best schools are located here.

East Dallas (Map #12)

List Price Sales Price

1989 $111,200 $105,600

1991 $98,200 $96,700

1992 $97,500 $94,200

Covers a broad area northeast of downtown, along Central Expressway to Northwest Highway and east of White Rock Lake. Home prices vary widely depending on the neighborhood. Includes: White Rock neighborhoods like Forest Hills, Casa Linda, Casa View; Lakewood, an older neighborhood bounded by Abrams Road, Gaston and White Rock Lake, with a mix of unique home styles; the once trendy “M streets” between Greenville Avenue and Central Expressway, still an active redo area with charming stone cottages, Tudors and duplexes; and historic Swiss Avenue and Munger Place with their mix of turn-of-the-century mansions and more modestly priced period homes attractive to urban pioneers. DISD.

Downtown: This area is not represented on the zone map, as so few single-family homes are found here. However. Bryan Place is a neighborhood of single-family houses and town houses situated just northeast of downtown. This enclave of middle to upper-middle income homes built in the ’80s, averaging $87.000, is holding its own as a pioneer-spirited neighborhood. Dallas schools. Deep Ellum, known for trendy restaurants, offbeat galleries and funky night spots, is considered another downtown neighborhood, but housing is mainly rentals and loft apartments.

Southeast Dallas (Map #13)

List Price Sales Price

1989 $48,700 $45,500

1991 $43,500 $48,500

1992 $42,000 $40,000 (during Nov. ’92)

The area south of R. L. Thornton Freeway east of 75 and west of the Dallas County lin is one of the earliest settled of Dallas Count} It is composed of mostly lower to medium priced homes, Neighborhoods include Fai Park, Rochester Park, Parkdale, Samuell-Elan Park, (he historic mansions of Soutl Boulevard-Park Row and the quiet Pleasan Grove area. DISD.

Oak Cliff (Map #14)

List Price Sales Price

1989 $60,300 $54,700

1991 $58,000 $52,700

1992 $56,100 $51,300

Bounded by Julius Schepps Freeway Ledbetter Drive, Walton Walker Boulevarc South and Irving Boulevard, this includes most of Oak Cliff and also takes in West Dallas. Within this area is historic Winnetka Heights, Kessler Park. Kimball, the Bishop area and Kiest Park. Also includes Cockrell Hill. This diverse area has everything from grand $500.000 estates in hilly, tree-filled Kessler Park to $40,000 frame houses in the northern sector. DISD.

Southwest Dallas (Map #15)

List Price Sales Price

1989 $67,700 $63,700

1991 $52,100 $47,300

1992 $52,200 $50.200 Bounded by Ledbetter Drive, 1-20, 1-45 and Cockrell Hill Road, this takes in south Oak Cliff. Moderate to upper-middle income neighborhoods include the Red Bird area and Glen Oaks. DISD.

Northwest Dallas (Map #16)

List Price Sales Price

1989 $105,600 $98,200

1991 $99,200 $92,600

1992 $98,400 $91,900 Bounded by Midway Road. Northwest Highway, Denton Drive and 1-635, this area was built up in the late ’50s and early ’60s. The traditional single-family pockets range from upper price neighborhoods to well-kept middle-class areas with strong neighborhood associations to moderately priced neighborhoods. DISD.



Love Field/Oak Lawn (Map# 17)

List Price Sales Price

1989 $154,700 $115,800

1991 $107,500 $95,000

1992 $104,500 $87,200

Although real estate maps lump this into one area, it is actually four distinct sections with different characters. The Love Field area has mostly moderate frame and brick cottages. Oak Lawn remains a funky, artsy area with old two-story homes and duplexes standing amid modern office and apartment complexes. Uptown, north of downtown Dallas, running along McKinney Avenue and including the historic State-Thomas neighborhood, is a restaurant and night-life area with antique shops on almost every corner. Houses here are older two- and three-story, many restored. Turtle Creek, south of Highland Park and east of Oak Lawn, boasts old-money estates. DISD.

Lake Highlands (Map #18)

List Price Sales Price

1989 $162,100 $149,400

1991 $150,600 $150,600

1992 $149,000 $138,400

A traditional middle and upper-middle income area east of Central Expressway, north of Northwest Highway, south of LBJ and west of Jupiter Road. Most of this area is in the highly regarded Richardson school district. A small portion is DISD. Mix of ,home prices and ages (older homes built 30 years ago, others under 10 years old). Strong neighborhood associations.

Sunnyvale (Map #19)

List Price Sales Price

1989 $170,600 $152,100

1991 $181,500 $170,0

1992 $176,700 $158,900

A sparsely settled rural community of about 2,259 residents mostly living on one acre or more. Property taxes are $1.85. Sunnyvale. Mesquite or Forney schools.

Piano (Mup #20)

List Price Sales Price

1989 $138,000 $129,900

1991 $155,800 $145,900

1992 $157,100 $142,800

A builders boom area, the city led the Dallas area in new-home sales in 1992. New houses are priced SI 10,000 to $250,000. Property taxes are $2,20. Piano schools are top-notch.

CoppeII(Map #21)

List Price Sales Price

1989 $122,700 $117,200

1991 $134,800 $125,900

1992 $141,700 $137,4

A hot city northwest of Dallas where new subdivisions are springing up to meet the demand of a population that has grown from 3,826 in 1980 to 18,496 in 1992. Last year there were 531 housing starts. Most new-home prices are $150,000 to $250,000. Property taxes are $2.49. Coppell schools get high marks.

Carrollton/Farmers Branch (Map # 22)

List Price Sales Price

1989 $104,700 $99,700

1991 $106,200 $104,900

1992 $106,300 $101,500

Carrollton had 618 housing starts last year, making it one of the fastest growing areas in Denton County. The population more than doubled over the last 10 years and is now at 84,750. Most new-home prices run $110,000 to $250,000. Property taxes are $2.31. Carroll-ton Independent School District. Farmers Branch, next door, but in Dallas County, has declined in population slightly since 1980, going from 24, 863 to 24,342 in 1992. Property taxes are $2.20. Carrollton-Farmers Branch and DISD schools.

Richardson (Map 023)

List Price Sales Price

1989 $111,900 $105,800

1991 $115,100 $108,300

1992 $114,300 $107,900

What was a residential boom town in the late ’60s is now growing at a slower rate, with a current population of 75,451. Last year there were 190 housing starts. Most new houses cost from $110,000 to $200,000. Property taxes are $2.19. The Richardson ISD’s high academic record is a big draw to the area.

Garland (Map #24)

List Price Sales Price

1989 $75,900 $72,600

1991 $71,600 $70,700

1992 $74,300 $70,700 (during Nov. ’92)

Garland is growing. The city in northeast Dallas County has increased in population from 138,857 in 1980 to 181,820 in 1992. Last year there were 324 housing starts, with prices from $70,000 to $110,000. Property taxes are $2,25. The Garland Independent School District is considered one of the top suburban school districts.

Highland Park/University Park (Map #25)

List Price Sales Price

1989 $428,100 $340,600

1991 $397,100 $307,300

1992 $387,000 $321,000

These well-heeled neighborhoods of grand homes and quaint cottages carry some of the highest prices per square foot in the Dallas area. Property taxes are $2.05 in Highland Park and $2.25 in University Park. Highland Park Independent School District has a topflight academic reputation.

Irving (Map #26)

List Price Sales Price

1989 $118300 $109,500

1991 $115,500 $105,900

1992 $111,700 $103,600

Just west of Dallas, Irving has a variety on neighborhoods, from established areas to shiny new residential developments such a; those in Las Colinas. Population is 159,009 Last year there were 264 housing starts, with most home prices from $110,000 to $150,00C or in the $200,000 to $300,000 range. Property taxes are $2.26. Irving ISD.

Grand Prairie (Map #27)

List Price Sales Price

1989 $68,700 $66,900

1991 $56,700 $50,500

1992 $70,700 $66,900

The new Joe Pool Lake has spawned a lot of residential development in this city of 100,679. In ’92 there were 410 new houses, with most prices from $90,000 to $150,000. Property taxes are $2.38. Grand Prairie ISD.

Duncanville (Map #28)

List Price Sales Price

1989 $98,300 $92,100

1991 $85,000 $79,700

1992 $88,700 $84,400

A wooded, hilly city southwest of Dallas, where the 35,803 residents live in mostly sin gle-family homes. Property taxes are $2.65 Duncanville ISD.

Northeast Tarrant County (Map #29)

List Price Sales Price

1989 $101,900 $94,300

1991 $139,200 $132,800

1992 5166,500 $152,800

A booming area encompassing cities ot Colleyville, Euless, Bedford. Haltom City Grapevine, North Richland Hills, Hurst, Keller and Southlake, with separate tax rates and school districts for each, Housing includes everything from sprawling estates to moderate homes and half-acre lot subdivisions. In 1992 there were 2,030 housing starts in the area with prices ranging from $110,000 to $750,000.

Rockwall County/Heath (Map #34)

List Price Sales Price

1989 $122,900 $114,900

1991 $122,500 $114,700

1992 $132,300 $123,700

This area of 26,415 residents is divided between country view and lake view around Ray Hubbard, where newer neighborhoods have been developed. Homes priced $ 110,000 to $200,000 are going up on former rural sites. Property taxes are $2.05. Rockwall ISD.