Price Wars at W Condos in Dallas

By way of the Haynsworth Realty blog – looks like there are some price wars going on at the luxury W Condos here in Dallas.

The price for 1 bedroom condos at the Dallas W continue to drop throughout the busy spring season. As we discussed last month, it was apparent that the demand simply isn’t there even at these price levels and a further correction was necessary.

Fast forward a month and this 1 bedroom W condo is now listed at $249,000. Originally listed at $475,000 in 2008, this unit has been on and off the market for the better half of two years. This W Dallas condo is on the tax rolls at $380,000 and has monthly HOA dues of $915. Someone needs to protest their property taxes.

Shortly after the above price reduction, this 1 bedroom W condo was reduced to $244,900. This bank-owned unit is also offering up to 3.5% towards buyer closing costs if closed by June 30, for an net asking price of $236,328.

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The W Victory Residences are the latest in the new developments in the trendy and upbeat Victory Park. Exuding the magnificence of the W Hotel, the Victory Residences will offer its residents more than just the typical condo experience. These ultra-luxury units will be located on floors 7 through 15 above the hotel and residents will have full access to the five-star facilities. Some of the interior features include floor-to-ceiling windows in many of the units, expansive terraces, full stone bathrooms, European free standing bathtubs, and gourmet kitchens. Fabulous amenities include a zero-edge infinity pool, Bliss spa, an amazing state-of-the-art fitness center, valet parking, as well as full signing privileges at the hotels restaurants and shops. The W Victory Residences encompasses all that is luxury in urban, condominium living.

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