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

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.

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Map of Frisco Texas


 


 


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Comments

  1. Interesting news, Loreena, it looks like home sales in your area are quite healthy. AN average market time of under 90 days is good news.

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

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