A large interactive map posted on the Dallas Morning News web site this morning shows a huge swatch of varying shades of red throughout the city. Pre-owned home sales for the second quarter of 2011 have dropped some 12 percent. One noticeable exception indicated by a patch of deep green in the center is Oak Lawn, which logged at six percent increase. The biggest drop-35 percent-was in Euless. The price differential between Oak Lawn and Euless is much smaller, however. Prices in Oak Lawn dropped two percent compared to four percent in Euless.
See the interactive map
as some surprise. No, it's not Southlake or Colleyville, it's Fort Worth. The publication notes that for a city its size, Grapevine is heavily reliant on sales tax and attracting businesses that provide amenities as well as bring in sales tax have been used to keep property tax rates low.