The Colony, Tx - Too many houses for sell in same neighborhood, WHY? (Dallas: for sale)

[tejashah]

Hello,

We are looking to relocate to Dallas and looking for houses in various areas around Dallas. Noticed that there are lot of houses in Colony for sell in same the neighborhood, which seems little too weird. This is what i'm talking about, if you zoom into area near 121, you will see high concentration of houses for sell in same neighborhood (image also attached).

Does anyone know why this is? any help will be greatly appreciated.

Thanks.

[FarNorthDallas]

Is your price range only 200,000-300,000 on your search? If you change the search parameters to 100,000-300,000 some of that other area fills in.

[PlanoGirl]

I have a friend who lives in that neighborhood. She likes it...a friendly, family-oriented place....however, she has mentioned that she is unsure about the quality of the schools, and may be looking to move in a year or two (her kids are in preschool now).

[nsumner]

That neighborhood is called "The Legends", a master planned community from the 90s. There are right now 34 homes on the market in there ranging between 159K and 300K. The short sales are always taking the beating with days on the market for over a year. Otherwise days on the market is typically around 90 days.

Also, please don't use Zillow for anything other than entertainment. Their numbers are wayyyy off including the listings on there stay posted for months after they have sold.

Naima

[deenguyen]

Maybe because residents are fed up with the terrible traffic in the Colony. Please add "terrible.traffic_on_main@yahoo.com" on facebook for more information.

[loves2read]

so many factors go into why there could be multiple homes for sale in a neighborhood--many of which don't actually mean that it is a "bad" neighborhood...
considering that the price of the home means that most people buying in that price zone have similar income situations regarding salary and probably job factors--like time out of college, career choice, two-salary vs one-salary households,
so they are randomly affected by the same social/cultural/economic demographic changes as a group

a neighborhood with older homeowners who have lived in neighborhood for longer period of time--with more equity in the home--might not be as affected by downsizing in this economy...as some younger families with less senority at work...

some people are more likely to be transferred at certain stages in their careers than others--usually the younger employees
or to change jobs

so in this economy I would not really blame the neighborhood if I saw lots of homes for sale--and frankly in this economy I don't think many people can afford to change schools because they "think" the schools might not be that good...