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    Love this listing

    Prime location makes this pristine Prairie home a top East Dallas prospect

    Diana Oates
    Oct 4, 2018 | 2:30 pm

    Those looking to land a luxurious Lakewood-area home would be wise to check out the Prairie-style stunner at 6111 Prospect Ave. Its fantastic floorplan combined with a top notch location poses million-dollar potential sans the million-dollar price tag.

    This four-bedroom, 3.2-bathroom home boasts 3,236 square feet of living space made for entertaining. The flow from the fancy kitchen to the relaxing living room retreat is ideal for hosting parties, watching football with friends, or simply keeping an eye on the kiddos while the chef of the family prepares dinner.

    "This listing is unique in that while it's a newer construction, it has had time to mature, making its curb appeal even more seamless on this sophisticated street," said listing agent Mary Ann Chapel of Briggs Freeman Sotheby's. "It is truly move-in ready and has designer updates, a new roof, HVAC, and water heaters, too."

    And while a picture is sometimes worth 1,000 words, there are some features that a snapshot just cannot do justice. For instance, all four bedrooms are upstairs and meet at a spacious media-game room that provides its future family even more space to spread out. There is also a quiet study at the front of the home that is far removed from the main living space. This is a priceless feature for those who do the majority of their work at home and know the value of a solid, silent space to knock out an assignment.

    There is a two-car garage with a covered walkway to get you to and from the house without any drama when it rains. The backyard features just enough green space for the kids and pets to play but not enough to be bothersome from a maintenance standpoint. There is also a covered patio with room to entertain.

    The real icing on the cake, however, is the property's location in one of East Dallas' coziest corners. This home is mere minutes from downtown, Lakewood shopping, and Greenville Avenue restaurants. And despite its high walk score, it sits on a serene street that somehow seems miles away from the Dallas hustle and bustle.

    "It just feels like Lakewood," Chapel said. "It's established and charming yet is rooted in the center of the community in a unique way that many other listings in East Dallas simply aren't."

    The owners said that the first time they walked through this property as prospective buyers, they knew it was a place they wanted to call home. They hope to "pass the keys" to a family who feels the same way when they tour it.

    This listing is currently priced at $829,500 with an open house scheduled for Sunday, October 7 from 2-4 pm.

    This Prairie-style property at 6111 Prospect Avenue is located in East Dallas and is currently listed at $829,500.

    6111 Prospect
    Photo by Lauren Brown
    This Prairie-style property at 6111 Prospect Avenue is located in East Dallas and is currently listed at $829,500.
    home-for-sale
    news/real-estate
    news/home-design

    REAL ESTATE NEWS

    Nearly half of Dallas home sellers are slashing prices amid buyer’s market

    Brandon Watson
    Apr 29, 2026 | 2:31 pm
    Homes
    Photo by Dillon Kydd on Unsplash
    Nearly 58 percent of San Antonio home sellers dropped their list price in February

    Prospective home buyers in Dallas may want to seal the deal this spring. According to a new Redfin report, nearly 47.3 percent of home sellers in the city dropped their list price in February.

    Two other Texas cities clocked ahead of Dallas: In Austin, the number was 55.2 percent, and in San Antonio, it was an eye-popping 57.9 percent — the highest share among the 50 most populous regions in the U.S.

    According to the real estate marketplace, Texas’ dominance on this list isn't coincidental. Along with Florida, the state has been building more homes than anywhere in the nation, giving prospective buyers more options and bargaining power.

    Nationwide, 34.2 percent of February home sellers cut their asking price, a 31.5 percent rise from a year earlier and the highest share ever since Redfin began tracking markets in 2012. The average cut was $40,915, approximately 7 percent of the original sticker price.

    Redfin attributes the discounts to a classic supply-and-demand imbalance. High mortgage rates combined with economic uncertainty have kept buyers on the fence while sellers continued to flood the market with new homes. The company speculates that the real rate of cuts may be higher since it does not account for delisted properties.

    “A lot of people who couldn’t sell their homes last year opted to delist instead of reducing the price, with a plan to relist this spring because they knew that would give them a better chance of selling,” says Redfin real estate agent Aditi Jain, via a release “Some homeowners need to move immediately, but those who can afford to time the market may get a better price.”

    Redfin says that spring consistently produces the lowest share of price cuts, with May having the lowest share in six of the past 10 years, and April taking the title in three others.

    Sellers who closed in December faced the highest likelihood of cutting their price. Sellers who have owned their homes longest are also better protected from market fluctuations.

    Owners who have lived in their homes for at least seven years cut prices at a rate of 31.8 percent, compared to 37.4 percent for those who have owned for two years or less. More recent buyers who purchased their homes at the height of the pandemic boom are now reluctant to accept what the market will actually bear.

    The five U.S. cities with the highest shares of cut listing prices are:

    No. 1 — San Antonio, Texas (57.9%)
    No. 2 — Austin, Texas (55.2%)
    No. 3 — Dallas, Texas (47.3%)
    No. 4 — Tampa, Florida (45.9%)
    No. 5 — Fort Lauderdale, Florida (44.9%)

    economyhome marketrankingsreal estatehome-for-salehousing market
    news/real-estate
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