Up-to-date Local Frisco TX Market Reports Make YOU A Better Informed Consumer
The Frisco TX Real Estate Homes Market Report is updated monthly. The report is deemed reliable but not guaranteed. It spells out detailed information about what is going on in the Frisco TX real estate homes market including commentary by local Frisco TX Realtor®, Loreena Yeo.
The information below is for single-family homes, half-duplexes and townhomes sold within City of Frisco. MLS area = 55 excluding properties zoned for Frisco ISD in Plano and some parts of Little Elm.
Frisco TX Total Frisco TX Homes Sold
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Frisco TX sold 2,258 homes in 2011, 10% less than the volume of 2010 (2,458 units). The chart above showcase the Sold Market activities from the past 5 years. Looking at the trend, it looks like there are less homes available for sale, in addition to less homes actually sold. Home seller are staying where they are at, having not much reason to sell because the prices are not as attractive enough to move on.
Frisco TX Average Sales Price
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The Average Sales Price have increased in the past few years. For 2011, the average sales price is $307,832, an 8% increase from the prior year (2010) of $281,738.
Frisco TX Average Sales Price Per Square Feet
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Just by reviewing the Average Sales Price increasing does not necessarily mean the Frisco TX real estate market is improving. We must review the average sales price per square feet at the same time. Overall, the average sales price per square feet over the past 5 years have not significantly increased (2010 at $94/sf and 2011 at $95/sf), which means Frisco TX home buyers are purchasing larger homes for even larger square footage.
Average size for 2010 was 3,000 square feet and average size for 2011 was 3,250 square feet.
Frisco TX Average Days on Market
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The average days on market to sell a Frisco TX home has been about 90 – 100 days over the past 5 years. It has not changed much. For 2011, the average days on market is 92 days.
This Frisco TX Real Estate Market Report summary applies for the entire Frisco market. However, even within specific price ranges or specific local neighborhoods, market statistics are different. Please contact local Frisco TX Realtors®, Loreena & Michael Yeo.
Loreena & Michael Yeo (3:16 team REALTY)
(214) 783-2210
(214) 529-6003
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3:16 team REALTY is a locally-owned real estate company serving Frisco
TX and the surrounding cities. Find out
(214) 783-2210
info (at)
316RealEstate.com
Loreena Yeo is the broker of record of 