2024 Year End Market Update
A review of 20 luxury Dallas high-rises in the Turtle Creek, Uptown, and Arts District neighborhoods revealed fascinating trends this year. As highlighted in the chart below, the market showed exceptional strength, driven primarily by the ultra-luxury segment.
Notably, 58% of sales took place in the first six months of the year, underscoring a robust start. While the pace of transactions slightly cooled in the latter half, activity remained vigorous throughout.
Among the most notable transactions, Ritz Tower I, The Stoneleigh, and Museum Tower recorded the highest four sales of the year, solidifying their status as premier residences in Dallas.
This comprehensive data underscores the continued desirability of luxury high-rise living in these neighborhoods, attracting both local and international buyers seeking premier real estate in the heart of Dallas.
| 2024 Luxury Market Update | 2023 | 2024 | % Change |
| # of Sales | 89 | 97 | 9% |
| Average Sales Price | $1,374,087 | $1,583,266 | 15% |
| Average SP per SF | $578 | $680 | 18% |
| Average Sales Price/List Price | 96% | 96% | 0% |
| Average Days on Market | 76 | 62 | -18% |
| Highest Four Sales | 2023 | 2024 | % Change |
| Average Sales Price | $3,869,281 | $5,650,000 | 46% |
| Average SP per SF | $943 | $1,230 | 30% |
| Average Sales Price/List Price | 95% | 96% | 1% |
| Average Days on Market | 73 | 38 | -48% |