Posts Tagged ‘townhomes’
Condo Sales Look Up in Dallas-Fort Worth
It’s amazing what a little consumer confidence can do. Published only two weeks ago in The Dallas Morning News, this article reflects what we are seeing all across North Texas and right here at So7. Enjoy.
By Steve Brown
It’s a breezy summer morning, but nobody’s at the pool yet at the new Ritz-Carlton Tower Residences in Uptown. A couple of dog walkers are making their runs through the marble-floored lobby, but the staff outnumbers the residents on hand.
About a third of the 95 units in the 23-story luxury high-rise have been sold, according to tax records. But the building sales staff says business has picked up.
“We’ve closed 10 sales since the first of the year – $21.5 million in sales,” said Joseph Pitchford, the senior vice president of development for builder Crescent Real Estate Equities. “That’s significant, considering the challenges we faced in 2009.”
The recession put the brakes on many condominium buys last year. As the economy inches up, Dallas-Fort Worth condominiums are making a comeback. Read the rest of this entry »