Thinking about highrise living?

Check out this view from our listings at 3510 Turtle Creek, Penthouse 18CE!  7884 total square feet, could be split into two units of 2 bedroom, 2 baths each.  Exquisite finishes for the discerning Buyer, commanding views of the Dallas skyline, adjoins the Katy Trail!  $5,000,000.  Maybe you would like to see the inside of this fabulous condo?  Email me at kimg@daveperrymiller.com.

Rangers, Real Estate & Performance Halls

Tonight may not be a hand-wringing affair quite yet, but we will be at the Ballpark in Arlington trying to beat Oakland A's!  Magic number is still 5.... What a great sports town we live in here in Dallas! Not only a great sports town! We attended a Classical Guitar performance at the new City Performance Hall last Sunday, and the acoustics were perfect! No amplification required and the  smaller venue, at the front door of One Arts Plaza, is the final building to be completed in our incredible Arts District.  The buildings are all works of art, and these are just two great reasons to live in Dallas, Texas!

Can't forget to mention our perfect September-October weather, and the fact that my buddy Grammy-nominated Russ Hewitt will be performing his original nuevo flamenco Saturday night at the Lakewood Theatre.  And of course, we'll be attending the music concert Thursday night at the Dallas Arboretum, enjoying the Chihuly nights exhibit.....!!!

Wait a minute, what about publishing CRE prices?

        Many of our residential clients and realtors aren't too happy about the new MLS rule effective October 15, 2012, where residential home sales prices will now be disclosed.  No more Z sales! The two main objections have been: 1) an immediate increase in property tax value because the sale price is significantly higher than current DCAD value and 2) the concern that the sale price, if considerably less than last list price, will negatively affect comps in the neighborhood.
         If the alternative is for DCAD to use the last list price as the new appraised value, the new rule is a good one.  Appraisers need the comps to value homes for lenders, homeowners need comps to assist in pricing their homes, and buyers need comps to help them determine value for a property they are looking to buy. Of course, the appraisal district needs them to tax residential property properly!

         Here is what REALLY BOTHERS ME!  This same rule needs to apply to Commercial Real Estate sales, e.g. the 55 story office tower sales, the large multi-family transaction, the land sale in the Design District.  Commercial property owners need to share the property tax burden fairly instead of laying it off on homeowners. Let's level the playing field; if a Commercial Seller makes $25 million in profit on a sale, does not have to publish the sales price, and the property is valued by DCAD far below market, how is this fair to the City of Dallas, Dallas County, and the homeowner?  Maybe the tax rate could be reduced if everyone played by the same rules. Just sayin'...