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Frisco TX Homes Sales Real Estate Market Report for 1st Quarter 2012

April 25, 2012 By Leave a Comment

How Did Frisco TX Homes Sales Real Estate Market Report perform in 1st Quarter of 2012?

1st Quarter 2012 January 2012 February 2012

March 2012

 Total 1st Quarter 2012 Total 1st Quarter 2011 Change
Number of Transactions 142 152 226 520 456 12.3 %
Total Sales (Real Estate Value) $ 46,955,986 $ 47,587,443 $ 50,350,984 $ 158,988,593 $ 126,790,736 20.3 %
Average Sold Price $ 330,676 $ 313,075 $ 316,673 $ 305,747 $ 278,050 9.1%
Median Sold Price $ 262,000 $ 261,000 $ 309,950 $ 262,000 $ 242,500 7.4%
Average Days on Market 87 86 64 77 93 20.8%

The lowest priced home sold during the 1st Quarter 2012 was $119,000 – a 3-bedroom, 2-bath 1,800 square foot home in Preston Glen, a Bank of America foreclosure. It sold 34 days.

The highest priced home in Frisco TX sold in the 1st Quarter 2012 was $ 2.15 million – a 9,000 square foot luxury estate in Village of Stonebriar Park. It sold in 13 days.

 

Here is the breakdown of the Frisco TX Home Sales by Price Range:

61 of these transactions were cash, 329 were conventional, 100 were FHA, 20 were VA and 2 of them were owner financing.

Frisco TX definitely experienced a much more robust 1st Quarter in 2012 than the same time last year (2011) – an increase of 12.3% in number of transactions and a higher increase of 20.3% in real estate value. Frisco TX home buyers also bought more expensive homes in 2012 than 2011 (an increase of 9.1% of average home sales price and increase of 7.4% of median home sales price). At the same time, it took Frisco TX home sellers 20.8% less time to sell their homes during the 1st Quarter.

All factors indicate Frisco TX should continue this positive momentum into the 2nd Quarter as well as into the first parts of 3rd Quarter.

Low interest rates was one of the factors contributing to these robust sales. Rates as low as 3.75% for 30-year conforming loans and 3% for 15-year mortgage were some we have seen.

 

 


 

 


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Filed Under: MARKET REPORTS

Buying Price Per Square Foot in Frisco TX

March 16, 2012 By Leave a Comment

Home buyers and sellers in Frisco get hung up with price per square foot of home prices very often. It is not uncommon that serious home buyer and sellers as well as friends and family like to ask,

“How’s the real estate market in Frisco TX now? How much are homes sold for these days? How much are they going for – Price per square foot?”

I come from an Engineering background where speaking in “general” is really a concept I find hard to grasp. Hence, the Price per Square Foot conversation can really throw me off completely. Here’s why:

(1) There are so many types of homes in Frisco TX.

There are single family homes, patio homes, townhomes and duplexes for sale in Frisco. A home buyer can purchase either one of these property types. Naturally, it is not hard to understand each of these property type will sell for different price per square foot.

There are starter communties with homes around the $150,000 prices. There are neighborhoods that start around $200,000 up to luxury home communities up to $5 million all within Frisco TX. You would certainly assume that homes in the Million Dollar estates will not sell in the same vicinity price range of a starter first time home community.

Plano TX Kings Lake(2) Even within the same area or the same neighborhood,, there are homes with different finish-outs.

If a home in a neighborhood has high-end upgrades, (and even if the homeowner does not get a full return on investment for the upgrades), a home with granite counter tops, stainless steel appliances, hand-scraped hardwood floors, 8 foot board-on-board cedar fence, a swimming pool with  spa cannot be valued as the home down the street  that has laminate countertops, original appliances, carpet as flooring, original fence that is about to fall off. It would not be a fair assessment  to say the homes in thss neighborhood sells for $93 per square foot. Clearly the one that has more upgrades could be valued higher and  the one that has basic nominal home features is probably not worth $93 per ssquare foot.

(3) Brand new versus pre-existing

Builders in Frisco TX generally sell their homes for more than homeowners with their pre-existing homes. There is a premium to pay when you get to select the color choices, pick the desired lot, make floorplan changes, etc. A homeowner should not expect to sell his/ her home in the same price per square foot as the builders can too.

A conversation about “How Much Frisco (or this neighborhood) is going for, especially when you are referring to a specific property, or considerring an offer for a property you are about to purchase? You probably should gather all the data, market comps and solds for the specific and similar properties in the neighborhood.

Let an experienced Frisco TX Realtor® – Loreena & Michael Yeo assist you in evaluating the properties you are interested in or even a market comparable report, in terms of price, instead of price per square foot. Price per square foot will turn out to be however much it turns out to be.

 


 

 


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Filed Under: HOME BUYING ARTICLES, HOME SELLERS ARTICLE, MARKET REPORTS

How’s the Frisco TX housing market doing?

January 12, 2012 By 1 Comment

Just recently, I was asked – How’s the Frisco TX housing market doing?

I felt it was a loaded question. As if someone was getting the shotgun loaded, ready to fire (not me!) Most people want to know the answer and most people have a perceived answer that the answer is going to be bad. But they ask anyways.

My answer was, “Well, it depends on whom you are asking. If you ask the seller who sold his home in 3 days, the market is rocking. But if you ask the seller who listed his home for 6-8 months with no showings, the seller will agree with the news media that the housing marketing in Frisco TX is doing horrible. The banks are giving their houses away and the sky is falling”. I said this with love. It is hard to read body language and tones when you only have access to words online.

I’m in the real estate market, people know what I do. I get this question asked far too often. It almost seem that people are looking for a real negative answer.

“I’m busier than I’ve ever been in my real estate career”.

 

Some agents closed out 2012 their “rocking” best year ever. These are seasoned agents, not rookies, not agents just entered their 2nd or 3rd year. Then, if you ask the same question to agents who have not sold anything in 6 months, “The market truly took a nose dive”.

 

Hence, “How’s the real estate market is doing?” is a very difficult question to answer. It’s like just striking a conversation – Oh, how’s the weather today?

If you are in the real estate market, or considering buying or selling a home in Frisco TX in the near future, talk to a Frisco TX Realtor® for more specific, in-depth discussion.

 

Note: No specific market stats with this informal real estate pulse. Stay tune for a comprehensive market report and digest the Frisco TX 2011 Real Estate Market Homes Report when published.
 

Search Frisco Texas Homes

Map of Frisco Texas


 
 


 

 


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Frisco TX Homes Market Comparison Report to Surrounding Cities (Plano, McKinney, Allen, Little Elm) for November 2011

January 6, 2012 By 1 Comment

How Does Frisco TX Homes Sales Compared to Surrounding Cities (Plano, McKinney, Allen, Little Elm):

Interesting facts about City Market Comparison:

November 2011 Frisco Plano

McKinney

 Allen Little Elm
Number of Transactions 149 180 162 85 58
Total Sales (Real Estate Value) $ 47,528,869 $ 43,463,768 $ 32,398,140 $ 19,943,168 $ 10,300,091
Average Sold Price $ 318,986 $ 241,465 $ 199,989 $ 234,626 $ 177,588
Median Sold Price $ 262,000 $ 200,750 $ 172,250 $ 195,000 $ 150,750
Average Days on Market 89 69 89 79 60

The home sales in Frisco TX looks relatively strong and desirable compared to the surrounding cities (Plano, McKinney, Allen and Little Elm) for November 2011. The cities surrounding Frisco (Plano, McKinney, Allen and Little Elm) also produced stable numbers in November. The performances of all numbers from all cities remains same across the board, where average home sold prices and median sold prices were lower inOctober, all the cities performed the same, as well as average days on market.

Little Elm TX – of all 5 cities around Frisco TX performed the best. Although it sold less number of houses (67 in October and 58 in November) in November 2011, it maintained it list versus sold price ratio (by far in comparison to cities surrounding Frisco TX).

Allen TX sold more homes in November (79 homes) than in October (85 homes) considering November  home sales market typically should be slower ie. sell less homes.

Frisco TX remains highly desirable choice for home buyers because the homes are new (many of which are after Year 2000). They have open space floorplans as well as features home buyers are seeking for these
days. Over the years, it looks the average and median sold home prices in Frisco TX are creating a large difference between those in Plano, McKinney, Allen and Little Elm.

Search Frisco Texas Homes

Map of Frisco Texas


 

 


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Filed Under: MARKET REPORTS

Frisco TX New Homes Sales Market Report for November 2011

January 1, 2012 By Leave a Comment

New Home Sales Real Estate Market Report in Frisco TX

The new homes sale in Frisco TX continue to be strong in November 2011. 101 new building permits were applied with the Building Inspection Department at the City of Frisco. Last year (November 2010), only 97 building permits were applied. It is an increase of 4%.

Most Active New Frisco TX Home Communities

  • Frisco Lakes by Del Webb (9 homes)
  • Villages at Willow Bay (7 homes)
  • Christie Ranch (7 homes)
  • Villages at Willow Bay South (6 homes)
  • Dominion at Panther Creek (6 homes)
  • Stonewater Crossing (6 homes)
  • Villages at Stonelake Estates (5 homes)
  • Newman Village (6 homes)
  • Park Place Estates (6 homes)
  • Pearson Farms (4 homes)
  • Austin Ridge at Lone Star Ranch (4 homes)
  • Stonelake West (4 homes)
  • Winding Creek Estates (4 homes)
  • Shaddock Creek Estates (3 homes)
  • Cobb Farm (3 homes)
  • Crown Ridge (3 homes)
  • Country Club Ridge at the Trails (3 homes)
  • Grayhawk (3 homes)
  • Wynngate (2 homes)
  • Landing at Waterstone (2 homes)
  • Shores at Waterstone (1 home)
  • Cypress Creek (1 home)
  • Willow Pond (1 home)
  • Sorano (1 home)
  • Stone Creek Village at Lone Star Ranch (1 home)

Most Active Home Builders in Frisco TX

  • Pulte Homes (14 homes)
  • Shaddock Homes (13 homes),
  • First Texas Homes (12 homes)
  • Darling Homes (11 homes)
  • Highland Homes (10 homes)
  • Landon Homes (10 homes)
  • Sumeer Homes (6 homes)
  • American Legend Homes (5 homes)
  • Drees Custom Homes (4 homes)
  • Beazer Homes (3 homes)
  • DR Horton (2 homes)
  • K Hovnanian Homes (2 homes)
  • Megatel Homes (2 homes)
  • Ashton Wood Homes (1 home)
  • Gehan Homes (1 home)
  • Grand Homes (1 home)
  • M. Christopher Custom Homes (1 home)
  • Pulte Homes build in Knolls of Frisco, The Landing at Waterstone and Frisco Lakes.
  • Shaddock Homes build in Park Place Estates, Pearson Farms and Villages of Stonelake.
  • First Texas Homes build in Grayhawk, Dominion at Panther Creek, Sorano, Stonelake West, Christie Ranch, Village Lakes and Villages of Willow Bay.
  • Darling Homes build in Newman Village and Dominion at Panther Creek.

When home buyers purchase new home construction, location is key as well as pricing. Most new home sales start in the high $200Ks in Frisco TX today. The new home sales numbers for November 2011 remains strong very strong.

At the moment, depending on where you plan to build, you will expect to spend over $200,000 for a brand new home in Frisco TX. Please contact Loreena Yeo – your local Frisco TX Realtor® specializing in new homes in Frisco TX to represent   you in your new home transaction.

Do consider obtaining a new home buyer’s representation by calling Loreena Yeo, Realtor® & Broker in Frisco TX. The sales person you speak to at the sales office represents the new home builder. Read more about the benefits of seeking representation in your new home in Frisco TX.

 


 

 


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Filed Under: FRISCO TX NEW HOMES, MARKET REPORTS Tagged With: ,

Frisco TX November 2011 Real Estate Homes Market Report

December 30, 2011 By Leave a Comment

 149 Frisco TX Homes Sold for $47,528,869 in November 2011

(Source: NTREIS on December 29 2011)

Lowest Priced Home in Frisco TX

The lowest priced home sold for $51,000 in Frisco Original Donation (Downtown Frisco TX). It is a single-family “older” Victorian home with 1-bedroom, 1 bathroom,  almost 700 square feet, built in 1960. It took 116 days to sell. It was short sale in Frisco TX.

Highest Priced Home in Frisco TX

The highest priced Frisco TX home was sold in Chapel Creek for $1.6 Million – a 6,500 square-foot 5-bedrooms, 6 full bathrooms, 3-car garage property with many upscale upgrades. This home is built in 2006, have lots of majestic features including a stunning backyard pool area for entertaining. It took over 1 year and 7 1/2 months to sell.

Frisco TX Real Estate Homes Market Stats

  • Average home in Frisco TX = $ 314,734.
    The average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,200 square feet.
  • The average price per square feet = $97/sq.ft. 
  • Average Days on Market to sell a home in Frisco TX = 89 days for November 2011.
  • The Median Sales Price of Frisco TX homes is $262,000. This means half the homes sold in Frisco TX in November sold for less than $262,000 and half over $262,000.
  • Absorption Rate for November 2011 in Frisco TX is 17 weeks (4 months 1 week). When inventory levels are at 6 months, it is a neutral market, ie. it is not a buyer’s neither is it a seller’s market.

Some interesting facts in comparison to November 2010 and November 2011 Frisco TX home sales numbers:

November 2011 November 2010

% Change
Number of Transactions 149 143  + 4.0 %
Total Sales (Real Estate Value) $ 47,528,869 $ 44,132,228 + 7.0 %
Average Sold Price $ 318,986 $ 308,617 + 3.0 %
Median Sold Price $ 262,000 $ 275,000  - 5.0 %
Average Days on Market 89 95 + 7.0 %

Current Frisco TX Homes Sales Market Activity:

  • There are 587 homes available for sale in Frisco TX (as of  12/29/2011).
  • The lowest priced home starts at  $97,000 (an older single family home built in 1966, single story 3-bedrooms, 1 1/2 bathrooms in Downtown Frisco).
  • The highest priced property is listed at $ 5 Million at Villages of Stonebriar Park.
  • There are 37 listings over $ 1 Million Frisco TX luxury home estates to select from.
  • 87 homes are under contract in November 2011.

The November 2011 looks stable (seasonably adjusted). It does not have significant changes from October, which continues to be a good sign that the Frisco TX homes sales market is stable. Comparing the same time last year (2010), there is not much changes to the November 2011 Frisco TX homes market trend. Considering the timing of the year (4th Quarter), real estate sales is typically slower anyways.


 

 


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Filed Under: MARKET REPORTS Tagged With: ,

How is the Real Estate Market in Frisco TX for the month of August 2011?

October 7, 2011 By Leave a Comment

How Does Frisco TX Homes Sales Compared to Surrounding Cities (Plano, McKinney, Allen, Little Elm):

Interesting facts about Market Comparison:

August 2011 Frisco Plano McKinney Allen Little Elm
Number of Transactions 238 267 235 113 54
Total Sales (Real Estate Value) $ 74,323,463 $ 68,327,990 $ 51,879,650 $ 27,300,985 $ 9,895,150
Average Sold Price $ 312,283 $ 255,910 $ 220,764 $ 241,602 $ 183,244
Median Sold Price $ 279,950 $ 212,000 $ 178,500 $ 200,000 $ 171,289
Average Days on Market 77 72 68 68 77

Frisco TX has been having great results due to the high demand in real estate homes sales. Frisco TX is a great place to live, with a huge majority of the homes built after 2000. Frisco TX was also named the first green city in America, which translates to high strict building requirements that adhere with energy efficiency.

Frisco TX school district has an EXEMPLARY rating. This has definitely helped in home buyers selecting Frisco TX as their home choice in the north Dallas metroplex.

Find out more about living in Frisco TX.

What can you get for your money in Frisco TX?

Everything you need to set up Residency in Frisco TX

***************************************************************

This information is provided to you by 3:16 team REALTY with a commitment to support the Frisco TX community.

3:16 team REALTY is a locally-owned Frisco TX real estate brokerage that serves buyers and sellers in and around the Frisco TX areas.

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper & North Dallas area communities.

3:16 team REALTY – Loreena Yeo, Realtor® in Frisco TX

Pick up your phone & call today.
(214) 783-2210
loreena(at)loreenayeo(dot)com


Check out some of the best values in Frisco TX Featured Homes of the week.

This list is monitored and updated frequently by Loreena Yeo – Realtor® in Frisco TX.

Loreena Yeo on Facebook Loreena Yeo on Twitter Loreena Yeo on Linked In 316teamrealty Flickr channel

Loreena Yeo on Zillow
Loreena Yeo

Facebook Frisco TX City Guide 3:16 team REALTY Facebook Business Page

Join the Frisco TX City Guide & 3:16 team REALTY serving Frisco TX Homes Facebook Fan pages

Content & Photography Copyright © 2011 by Loreena Yeo (3:16 team REALTY)


How Does Frisco TX Homes Sales Compared to Surrounding Cities (Plano, McKinney, Allen, Little Elm) August 2011


 

 


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Filed Under: MARKET REPORTS

Current New Homes Sales in Frisco TX

September 30, 2011 By Leave a Comment

Frisco TX New Homes Sales

Current Frisco TX New Homes Sales Market Activity:

The new homes sales activity in Frisco TX have been picking up since the stagnant days of 2008, 2009 and parts of 2010. For the month of August 2011, 120 building permits were issued by the City of Frisco Building Inspection department. 23 home builders contributed to these residential new home construction.

The most active community is Frisco Lakes – a 55-or better active adult community (16 new home starts), followed by Austin Ridge (11 new home starts) and Willow Bay (10 new home starts).

Pulte Homes is the most active home builder in Frisco TX with 27 new home starts. Pulte Homes contributed to developing Frisco Lakes, Knolls of Frisco and the Landing at Watersone. Landon Homes followed suit with 18 new home starts. They contributed towards the new development of Austin Ridge, Willow Bay and Grayhawk.

A new home buyer in Frisco TX who wants to purchase a new home can expect to spend in the low $200K and as high as in the Million dollar range with Custom Home builders.

Do consider obtaining a new home buyer’s representation by calling Loreena Yeo, Realtor(R) & Broker in Frisco TX. The sales person you speak to at the sales office represents the new home builder. Read more about the benefits of seeking representation in your new home in Frisco TX.

Graph with New Home Communities under going Construction in Frisco TX

Related new Frisco TX homes articles:

Find out more about living in Frisco TX.

What can you get for your money in Frisco TX?

Everything you need to set up Residency in Frisco TX

***************************************************************

This information is provided to you by 3:16 team REALTY with a commitment to support the Frisco TX community.

3:16 team REALTY is a locally-owned Frisco TX real estate brokerage that serves buyers and sellers in and around the Frisco TX areas.

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper & North Dallas area communities.
3:16 team REALTY – Loreena Yeo, Realtor® in Frisco TX
Pick up your phone & call today.
(214) 783-2210
loreena(at)loreenayeo(dot)com

Check out some of the best values in Frisco TX Featured Homes of the week.
This list is monitored and updated frequently by Loreena Yeo - Realtor® in Frisco TX.

Loreena Yeo on Facebook Loreena Yeo on Twitter Loreena Yeo on Linked In 316teamrealty Flickr channel

Loreena Yeo on Zillow Loreena Yeo

Facebook Frisco TX City Guide 3:16 team REALTY Facebook Business Page

Join the Frisco TX City Guide & 3:16 team REALTY serving Frisco TX Homes Facebook Fan pages

Content & Photography Copyright © 2011 by Loreena Yeo (3:16 team REALTY)
The Original Source posted on Frisco TX New Homes Sales Market Report for August 2011


 

 


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Filed Under: FRISCO TX COMMUNITIES, HOME BUYING ARTICLES, MARKET REPORTS Tagged With:

Year-To-Date YTD January-August 2010 Homes Sales Market Report for Selected Cities: Frisco, Plano, McKinney, Allen, Little Elm, Prosper & Celina

October 6, 2010 By Leave a Comment

Ever feel absolutely confused about the news you hear about the real estate
market? It’s up one month, then it’s down 3 months prior……. No, the revised
numbers came up more positive than expected. Pending home sales are UP, then
DOWN? Confused enough yet??? I can certainly understand how you
feel. The truth is that real estate markets are very local. So local that we are
not only talking about “local” in one city.

Sometimes, local could mean specific neighborhoods, because some
neighborhoods are hit harder with foreclosures and short sales, while the next
neighborhood over is not hit at all. Then, within the specific neighborhoods,
there are some types of properties that are hit while others, not as bad. For
example, single-story homes within the community may sell at “regular” fair
market value but two-story homes sell at “foreclosure” prices for certain built.

Hence, take caution with the information that you read from the Internet.
Many times, it is to provide general information only. An in-depth pricing
analysis must be conducted in order to find a home its “fair market value”.

Below are Year-To-Date YTD real estate information for  Frisco, Plano, McKinney, Allen, Little Elm, Prosper & Celina – the northern suburbs of Dallas metroplex. The information is deemed true and should be taken as general information only. The
information is used to study as real estate market trends and to give you a basic understanding of where the real estate market in those cities stand.

Contact Loreena Yeo (214) 783-2210 for specific information about your neighborhood.

(Source: NTREIS Innovia September 29 2010)

2010 2009 % Change
No. of Transactions 1673 1684 - 0.7 %
Total Real Estate Value $ 478,771,738 $ 479,922,256 - 0.2 %
Avg. Sales Price $ 286,176 $ 284,989 + 0.4 %
Median Sales Price $ 245,000 $ 240,000 + 2.1 %
Avg. Days on Market 71 82 + 13.4 %

Overall, Frisco TX homes are having a positive year. Although there is
not significant differences in the number of transactions and total real estate
value, note that the average sales price and median sales price have increased.
The days on market of correctly priced homes are selling in a week less than
last year. This shows that the demand in Frisco TX is still high.

2010 2009 % Change
No. of Transactions 1838 1975 - 6.9 %
Total Real Estate Value $ 457,474,670 $ 492,009,971 - 7.0 %
Avg. Sales Price $ 248,898 $ 249,119 - 0.1 %
Median Sales Price $ 206,250 $ 205,000 + 0.6 %
Avg. Days on Market 63 65 + 13.4 %

Overall, Plano TX homes are having a non-too-reactive year. The market
data shows that the trend is not getting better, but it is not getting any worse
either.

2010 2009 % Change
No. of Transactions 1509 1617 - 6.7 %
Total Real Estate Value $ 331,290,978 $ 343,111,709 - 3.4 %
Avg. Sales Price $ 219,543 $ 212.190 + 3.5 %
Median Sales Price $ 180,000 $ 175,000 + 2.9 %
Avg. Days on Market 70 77 + 13.4 %

Overall, McKinney TX homes sold less homes (number of transactions) in
2010 than in 2009. However, if you view the total real estate sales value, it is
only down half of what the number of transactions. The market data also show
slight improvements in the average sales price and median sales price. Homes
in McKinney are taking 1 week less to sell than in the previous year.

2010 2009 % Change
No. of Transactions 921 888 + 3.7 %
Total Real Estate Value $ 223,981,022 $ 211,145,506 + 6.1 %
Avg. Sales Price $ 243,193 $ 237,776 + 2.3 %
Median Sales Price $ 201,000 $ 197,969 + 1.5 %
Avg. Days on Market 63 65 + 11.7 %

Overall, Allen TX homes showed the most positive results in all the
cities studied. Allen TX showed significant gain in number of
transactions (almost 4%) and real estate value (6.1%). Its average and median
sales prices are also up for 2010. Go Allen TX homes!

2010 2009 % Change
No. of Transactions 489 472 + 3.6 %
Total Real Estate Value $ 78,725,659 $ 76,823,859 + 2.5 %
Avg. Sales Price $ 160,993 $ 162,762 - 1.1 %
Median Sales Price $ 152,365 $ 151,346 + 0.0 %
Avg. Days on Market 62 76 + 18.4 %

Overall, Little Elm TX homes also seen positive numbers year-to-date. The average sales price fell in 2010 but not significant. The best result for Little Elm homes is that it took 2 weeks less to sell (for correctly-priced homes).

2010 2009 % Change
No. of Transactions 156 176 - 11.4 %
Total Real Estate Value $ 55,077,348 $ 63,067,298 - 12.7 %
Avg. Sales Price $ 353,060 $ 358,337 - 1.5 %
Median Sales Price $ 317,950 $ 315,500 + 0.8 %
Avg. Days on Market 95 120 + 20.8 %

Overall, Prosper TX typically do not sell many homes in one year.
Prosper TX neighborhoods and homes are a little different from Frisco, Plano
and McKinney neighborhoods. Many Prosper TX homes have large lot sizes
(many over 1-acre) and many homes start over $300K with high-quality features.
Although the 2010 Year-To-Date numbers may look as good, but it is also because
Prosper TX typically sell small quantity of homes each year.

2010 2009 % Change
No. of Transactions 87 90 - 3.3 %
Total Real Estate Value $ 21,891,092 $ 20,464,201 + 7.0 %
Avg. Sales Price $ 251,622 $ 227,380 + 10.7 %
Median Sales Price $ 198,384 $ 187,500 + 5.8 %
Avg. Days on Market 83 109 + 23.9%

Overall, Celina TX homes closed less number of transactions in 2010,
but the total real estate value increased. All numbers are positive with a much
higher average sales price and median sales price. The number of days on the
market scored a whopping increase too. By far, the best improvement for all the
cities studied in this research.

Original Source: Year-To-Date YTD January – August 2010 Homes Sales Market Report for Frisco, Plano, McKinney, Allen, Little Elm, Prosper & Celina.


 

 


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Filed Under: MARKET REPORTS Tagged With:

Frisco TX Homes Sales Report for August 2010

October 2, 2010 By Leave a Comment

Frisco TX  August 2010 Sold Homes Market Report

Published September 6 2010 8:52 am

In August 2010, Frisco TX sold 152 homes. These includes single-family homes, townhomes and duplexes in the City of Frisco TX. MLS area 55 not including the homes not in Frisco TX.

January 2010 = 95 Frisco TX homes sold

February 2010 = 118 Frisco TX homes sold

March 2010 = 196 Frisco TX homes sold

April 2010 = 249 Frisco TX homes sold

 

May 2010 = 223 Frisco TX homes sold

June 2010 = 245 Frisco TX homes sold

July 2010 = 180 Frisco TX homes sold

152 Frisco TX Homes Sold for $43,348,720 in August 2010
The lowest priced home sold for $77,000 in Preston Manor near
Preston and Main Street – a 2-bedrooms, 1 bathroom 2-story duplex built in 1983 at approximately 1,100 square feet. It took the seller 183 days (6 months) to sell the property.

The highest priced Frisco TX home was sold in Villages of Stonebriar Park for $775,000 – a 6,200 square-foot Frisco TX luxury home, 5-bedrooms, 6 full bathrooms, 2 half bathrooms with 3-car garage, built in 2005 located on a 1/2 acre lot size. It is a bank foreclosure and its original list price was $985,000 . It took approximately 3 months to sell.

The average home in Frisco TX is $285,189 (down from the high of $314,000 in July 2010). An average home in Frisco TX is a 3 bedrooms, 2 bathrooms, 3,100 square feet. The average price per square feet is $91/sq.ft. The average days on market to sell a home in Frisco TX is 74 days, 9 days
shorter than the same time last month.

The median sales price of Frisco TX homes is $249,500. This means half the homes sold in Frisco TX in August sold for less than $249,500 and half over $249,500.

Some interesting facts about August 2009 and August 2010 sales numbers:

August 2009 August 2010 % Change
Number of Transactions 243 154 – 37 %
Total Sales (Real Estate Value) $ 71,317,778 $ 43,348,720 - 39 %
Average Sold Price $ 293,489 $ 285,189 - 3%
Median Sold Price $ 235,000 $ 249,500 + 6 %
Average Days on Market 79 74 + 6 %

Here is the snapshot of the homes sold in Frisco by PRICE RANGE for August 2010:

Price Range No. of Homes Sold Percentage of Homes Sold
Less than $100K 2 1 %
$100K – $199,999 36 23 %
$200K – $299,999 63 41 %
$300K – $399,999 32 21%
$400K – $499,999 12 8 %
$500K – $999,999 9 6 %
$1 Million & up 0 0 %

Frisco TX Homes for Sale

Commentary of Frisco TX homes for sale market:

The numbers in August 2010 may seem pretty depressing, falling 37% when comparing to the same time last year. However, the numbers as presented in August numbers were directly affected by the  Frisco TX First Time Home Buyer and Repeat Buyer Tax Credits where
buyers who made real estate purchase decisions in 2010 would have done so prior to the end of the Federal Tax Housing credit which ended April 2010 – which co-incidentally, April 2010 also was Frisco TX highest and best sales reports 22% better than the same time last year. Frisco TX home buyers are holding out longer and negotiating much harder than before. Majority are not
pressured to find a home by a certain dateline and will buy only when the right property with the right price comes along.

There are 1,072 homes for sale in Frisco TX. They range from a $69,000 Frisco TX townhome to a $4 Million Frisco TX luxury estate. The lowest priced single family home in Frisco TX is priced at $79,500 – an older Frisco TX home (1-bedroom, 1-bathroom) built in 1960 in the Original Frisco TX
neighborhood just off Main Street. There are 56 homes for sale over $1 Million. The highest price home in Frisco is located in Villages of Stonebriar Park.

The average is $402,989 at $115/square feet and 3,500 square feet, 4-bedrooms, 3-bathrooms and at an average 95 days on the market.

Absorption Rate: It takes approximately 30 weeks (7 1/2 months) to sell all Frisco TX home inventory at its present rate (August 2010).

Find out more about living in Frisco TX.

What can you get for your money in Frisco TX?

Everything you need to set up Residency in Frisco TX


 

 


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Filed Under: HOME BUYING ARTICLES, MARKET REPORTS
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You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

This data was last updated on: 5/18/12 8:18 PM PDT

This IDX solution is (c) Diverse Solutions 2012.