Highrises.com's Blog: Dallas Condo Market

If you've been waiting to buy a foreclosure at the W Dallas Residences your time has come.  Nick Bristow of Keller Williams Turtle Creek in Dallas has listed the first foreclosed condo at the much sought-after building.  The 2 bedroom, 2.5 bath home is on the 21st floor of the North Tower and has an entire wall of glass overlooking downtown.  The price has come down from $994,900 to $949,900, which makes this the least expensive two bedroom unit available at the W today.  That's not a bad price point considering that a 1500 square foot one bedroom unit on the floor below it is currently priced $50,000 higher.  Also, an archive search shows that before this unit went into foreclosure it was listed at $1.65M!  Ouch! 

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Don't look now, but another residential tower is about to start moving residents into Dallas's increasingly crowded Victory Park.  This latest addition, The House by Starck, is scheduled to begin closing buyers in December and expects to be fully occupied by May of 2009.   Our Dallas agent, Emily Ray-Porter, was able to attend a recent marketing event put together by the developer.  She reports that there are special pricing incentives for select floorplans, and that there is still time to choose from several different finish-out options. 

She also reports that The House offers a lower price per square foot than the other two newer contemporary Dallas high-rises:  The Azure and The W Dallas Residences. As of September 30, 2008, currently available units…