Dallas realtors have witnessed a sales drop in thirty areas of the Dallas market. For the last seven months there was a steady growth in the price of Dallas homes for sale. This is true for all of the residential neighborhoods located in Dallas. There are some areas that have experienced skyrocketing house prices, up an entire twenty-one percent since last year. Some Dallas Texas real estate properties, located in closed-in residential areas, are in high-demand. This has caused an increase in the price of homes in these highly sought after neighborhoods.

One of the largest decreases in the real estate market has been in the area of Coppell. In Coppell houses are on the market for nearly eight months. The hot areas are the Park Cities and East Dallas. Dallas Realtors agree that one reason for the decline is the chaos in the mortgage market.

Any homebuyer who counted on a sub prime home loan is now out of luck. Al Herron, from Century 21 comments,

Las Colinas: A Quickly Growing Urban Area

The friendly, picturesque community of Las Colinas is located ten miles northwest of Dallas. In the heart of the growing community is Lake Carolyn. The city of Las Colinas has many attractions that include the University of Dallas, Texas Stadium, Trinity River, and Greenbelt Park; the city is conveniently located near the Dallas-Fort Worth International Airport.

The expanding city began as a serene 6,000 acre ranch that was originally named El Ranchito de Las Colinas, which means the little ranch of the hills. As the years, progressed the founders realized that Las Colinas was an urban gold mine. In the late 1960s, development for a commercial and residential community commenced.

Almost four decades later, Las Colinas has experienced a wealth of growth. Over 900 companies have sprouted roots within the Las Colinas community, including several Fortune 500 companies. The area is home to five-star restaurants, hotels, country clubs and much more.

Thriving downtown Dallas offers both business and residential dwellers all of the amenities of a friendly, well-established neighborhood. Residents of downtown Dallas love the convenience of having health clubs, schools, libraries, parks, child care centers, churches, florists and travel agencies close at hand.

Downtown Dallas not only offers the amenities that families love, but the booming urban area is proud to boast delicious restaurants, universities, entertainment and art districts, and some of the best shopping in the state.

Some of the highlights of the downtown area include the Raymond and Patsy Nasher Sculpture Center, the Dallas World Aquarium, Pioneer Plaza, Dallas Museum of Art, the Dallas Farmers Market, Trammell and Margaret Crow Collection of Asian Art, and the J. Erik Jonsson Central Library.