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January: 101 Frisco TX homes SOLD
February: 160 Frisco TX homes SOLD
March: 186 Frisco TX homes SOLD
April: 192 Frisco TX homes SOLD
For a detailed 1st Quarter results, find it at 1st Quarter 2009 Frisco TX Homes Market Report.
For a comprehensive April 2009 Frisco TX Homes Market Report.
In May 2009, Frisco TX sold 181 homes at a total real estate value of $53,385,950.
The average home in Frisco TX sold in May was 4-bedrooms, 3-bathrooms almost 3,200 square feet.
The average home sold at $92/square feet and stayed on the market 78 days on the market before it received a contract.
The lowest price home sold for $131,000 (2-bedroom, 2-bath, 1,300 square foot home) and the most expensive home sold for $1.3 million dollar (6-bedroom, 6-bathroom, over 6,600 square feet).
When compared to the same time last year (April 2008), Frisco TX sold 262 homes valued at $83,593,927. Down 30% in number of transactions and down 36% in real estate value.
Here is the market statistics for average Days on Market breakdown:
Hence, I almost always tell my Seller clients that their biggest chance of sale happen in less than 60 days.
For a pricing break down of where your home may perform, check the detailed analysis:
Less than $100,000:
SOLD - 0 Home
AVAILABLE - 1 Homes DOM = 69 days
$100,001 - $200,000:
SOLD - 59 Homes at DOM = 73; $85/sqft
AVAILABLE - 175 Homes DOM = 72 days
$200,001 - $300,000:
SOLD - 67 Homes at DOM = 67; $81/sqft
AVAILABLE - 309 Homes DOM = 87 days
$300,001 - $400,000:
SOLD - 37 Homes at DOM = 80; $89/sqft
AVAILABLE - 183 Homes DOM = 94 days
$400,001 - $500,000:
SOLD - 13 Homes at DOM = 116; $103/sqft
AVAILABLE - 118 Homes DOM = 85 days
$500,001 - $600,000:
SOLD - 8 Homes at DOM = 78; $118/sqft
AVAILABLE - 70 Homes DOM = 121 days
$600,001 - $700,000:
SOLD - 2 Homes at DOM = 86; $143/sqft
AVAILABLE - 46 Homes DOM = 113 days
$700,001 - $800,000:
SOLD - 0 Home
AVAILABLE - 39 Homes DOM = 116 days
$800,001 - $900,000:
SOLD - 1 Homes at DOM = 282; $169/sqft
AVAILABLE - 25 Homes DOM = 120 days
$900,001 - $1,000,000:
SOLD - 0 Homes
AVAILABLE - 21 Homes DOM = 203 days
Over $1 Million:
SOLD - 3 Homes at DOM = 104; $218/sqft
AVAILABLE - 73 Homes DOM = 160 days
Currently, Frisco TX has 1,062 homes for sale. In the month of May, 338 homes are pending contract for sale. It would take Frisco approximately 6 1/2 months to sell all its present inventory at its current rate (Absorption Rate = 25.5 weeks).
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Systematic market approach to selling your home - an intentionally unique proposal that most real estate agents do not use. Find out why it is our differentiator and how past clients are on their way to the closing table with this proposition to home selling.
Contact:
Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com
Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.
Copyright © 2009 by Loreena Yeo (3:16 team REALTY).
Originally Posted on Frisco-TX-Homes.com Panther Creek Estates Frisco TX May 2009 Housing Report.
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