Luxury High-Rise Market Stays Strong in Downtown, Uptown & Turtle Creek – 2025 Update
The luxury high-rise real estate market in Dallas continues to show remarkable resilience and steady growth. In the first four months of 2025, luxury high-rise condominium sales (priced at $750,000 and above) in the Downtown, Turtle Creek, and Uptown markets remained strong compared to the same period in 2024—despite ongoing inventory shortages.
Market Highlights | January–April 2025 vs. 2024
Total Sales: Up 16% (29 sales in 2025 vs. 25 in 2024)
Average Sales Price: $1,860,240 (a slight dip of 3%)
Average Price Per Square Foot: $631 (-2%)
Sales Price-to-List Price Ratio: Improved to 96% (+1%)
Days on Market: Down 6%, averaging just 80 days
The data shows continued buyer confidence and demand for luxury high-rise living, even amid limited availability. While prices per square foot have softened slightly, the speed and strength of sales activity remain robust, particularly for premium listings.
Top-Tier Luxury Performance: $4M+ Segment
The highest four sales in early 2025 averaged $4,132,500—a 5% increase over 2024—with average price per square foot climbing to $920, a 1% gain. The average sale-to-list price ratio also improved notably, from 92% in 2024 to 97% in 2025, underscoring the competitive nature of top-tier luxury offerings.
Shifting Buyer Behavior: Leasing Before Buying
An emerging trend involves buyers from prestigious neighborhoods like Park Cities, Preston Hollow, and Far North Dallas. Many have already sold their large homes and are leasing in upscale new apartment communities while waiting for the perfect luxury high-rise condo to come available—a sign of strong buyer readiness and continued demand pressure in this segment.
Notable Sales Activity by Building
In 2024 leading buildings included Bleu Ciel, The Vendome, The Mansion Residences, and Museum Tower. In 2025, the spotlight shifted with The Stoneleigh Residences claiming three of the top four sales joined at Hall Arts in the Arts District.
| 2025 Luxury High Rise Market Update | 1/1/2024-4/30/2024 | 1/1/2025-4/30/2025 | % Change |
| # of Sales | 25 | 29 | 16% |
| Average Sales Price | $1,922,793 | $1,860,240 | -3% |
| Average SP per SF | $646 | $631 | -2% |
| Average Sales Price/List Price | 95% | 96% | 1% |
| Average Days on Market | 85 | 80 | -6% |
| Highest Four Sales | 1/1/2024-4/30/2024 | 1/1/2025-4/30/2025 | % Change |
| Average Sales Price | $3,950,000 | $4,132,500 | 5% |
| Average SP per SF | $908 | $920 | 1% |
| Average Sales Price/List Price | 92% | 97% | 5% |
| Average Days on Market | 54 | 58 | 7% |