The first quarter is complete and the condo sales report for the Oak Lawn/Downtown/Turtle Creek area (MLS Area 17) are very interesting. Despite what the national headlines may say, sales are relatively flat in this area. While everyone would love to see an increase in sales, that we are holding our own is a positive sign:
Number of Condo Sales:
2011 - 116
2010 - 113
Average Sales Price:
2011 - $353,583
2010 - $354,236
In the luxury market, sales at The Ritz Carlton are moving along a great pace with 8 sales reported in the first quarter. The highest sale to date was a penthouse sale at The Claridge which sold for $4,600,000.