Frisco TX reported 173 homes sold in September 2009. These numbers include single-family homes, condos, duplexes and townhomes. That makes Frisco TX sold a total of 621 homes in the 3rd Quarter, making it a total of 1,657 homes thus far for 2009.
January: 101 Frisco TX homes SOLD
February: 160 Frisco TX homes SOLD
March: 186 Frisco TX homes SOLD
April: 192 Frisco TX homes SOLD
May: 181 Frisco TX homes SOLD
June: 216 Frisco TX homes SOLD
July: 242 Frisco TX homes SOLD
August: 206 Frisco TX homes SOLD
3rd Quarter 2009 (July 1 - September 30):
181 Frisco TX sold homes
for $50,308,155
The lowest priced home sold for $116,500 (2-bedroom, 2-bathroom property, 1,472 square feet) in Stonebrook Frisco. It took 35 days to sell this house.
The most expensive priced home sold for $1.5 million (6-bedroom, 8 bathrooms, almost 8,500 square feet) at Stonebriar Country Club Frisco. It is an exquisite Mediterranean custom home built by Parthenon Home Builder based in Frisco TX. This home is under construction when it sold.
The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $277,946 in 74 days on the market.
I think it's important to study the days on market for the homes sold. As a buyer, you will understand the "limits" of your negotiation power in general and as a seller, it is important to know the pricing correctly gives you the greatest chance to sell your home.
These numbers were generated from the Local MLS NTREIS board for September 2009:
| 49 |
49 |
31 |
16 |
36 |
| 27.07 |
27.07 |
17.13 |
8.84 |
19.89 |
| 97.34 |
96.03 |
95.67 |
96.16 |
96.16 |
When compared to last year, Frisco TX sold 653 homes in the same period in 2008. The sales number are down 5% for 3rd Quarter comparisons. In 2008, 1,884 Frisco TX homes sold from January through September. The numbers are down 12% to date.
| |
Average Price per Square Feet |
Average Days on Market |
| January |
$87 |
87 |
| February |
$88 |
108 |
| March |
$87 |
96 |
| April |
$92 |
86 |
| May |
$91 |
78 |
| June |
$91 |
80 |
| July |
$91 |
78 |
| August |
$93 |
84 |
| September |
$89 |
74 |
Real Estate Commentaries based on the above market data:
The average price per square feet sold are lower in the less busy months and peak in August as our normal Frisco TX real estate trends indicate.
Currently, Frisco TX has 949 homes available for sale. The lowest priced property is a townhome off Hickory Street, priced at $47,700 (a 2-bedroom and 1 1/2 bathrooms). The most expensive home is a custom built home by Chapman Builders at Villages of Stonebriar Park for $5.4 Million (over 10,000 square feet). 245 homes are under contract.
The absorption rate (ie time it takes for all the current inventory to sell in its current rate) is approximately 23 weeks (almost 6 months). This means if there are no additional inventory that comes on the market, it takes approximately 23 weeks or 6 months to sell all of its current inventory.
Also, there is a possibility that you may be receiving differing numbers you found here and another site. Note that Frisco as recorded by the local MLS is tracked by Frisco school district (MLS 55). However, the information MLS 55 may include Plano and Little Elm. That is most likely the difference. The information within Frisco is deemed correct for single-family homes, condos, duplexes and townhomes.
Read comprehensive August 2009 Frisco TX Homes Market Report.
Read comprehensive July 2009 Frisco TX Homes Market Report.
Read comprehensive June 2009 Frisco TX Homes Market Report.
Read comprehensive May 2009 Frisco TX Homes Market Report.
Read comprehensive April 2009 Frisco TX Homes Market Report.
Read detailed 1st Quarter Frisco TX homes market report at 1st Quarter 2009 Frisco TX Homes Market Report.
View new Frisco TX homes now:
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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 3rd Quarter 2009 Housing Market Report
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Really love the DOM and SP/LP chart you have there. Wish my MLS had that feature. Otherwise it seems it would be too time consuming to compile, though valuable.