Conservation/Historical Districts and Heighborhood Groups

Oak Cliff was developed as an elite residential area in the late 1800's. For many years the area competed with Highland Park as the top enclave. Beginning in the 1960's the area experienced a rapid deterioration and became a symbol of urban blight. Recently, that has changed and the area is experiencing a tremendous amount of reinvestment in residential (and commercial) properties. There are many catalysts for this redevelopment. My hypothesis is that homes in the 26 various conservation/historic/neighborhood districts sell at a premium versus homes outside of officially designated areas. Furthermore, the older the neighborhood plat, the higher the sales price will be.

Alex Papavasiliou