182 Frisco TX Homes Sold for $56,572,502 in 2011
(Source: NTREIS Innovia on June 15th 2011)
The lowest priced home sold for $60,000 in Preston Manor. It is a duplex with 3-bedrooms, 2 bathrooms 1,100 square feet, built in 1983. It took 14 days to sell.
The highest priced Frisco TX home was sold in Chapel Creek for $ 1.2 Million - a 6,000 square-foot 5-bedrooms, 5 full bathrooms, 1 half bathroom English Manor estate home. This home has a paradise backyard oasis. It took 34 days to sell.
The average home in Frisco TX is $ 283,855. An average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,200 square feet. The average price per square feet is $96/sq.ft. The average days on market to sell a home in Frisco TX is 89 days for May 2011.
The median sales price of Frisco TX homes is $269,868. This means half the homes sold in Frisco TX in May sold for less than $269,868 and half over $269,868.
Absorption Rate for May 2011 in Frisco TX is 22 weeks (5 1/2 months). 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 about May 2010 and May 2011 Frisco TX home sales numbers:
| May 2011 | May 2010 |
% Change |
|
| Number of Transactions | 182 | 278 | - 35 % |
| Total Sales (Real Estate Value) | $ 56,572,502 | $ 84,333,897 | - 33 % |
| Average Sold Price | $ 310,838 | $ 288,462 | + 8 % |
| Median Sold Price | $ 269,868 | $ 239,350 | + 13 % |
| Average Days on Market | 79 | 73 | Negligible |
Current Frisco TX Homes Sales Market Activity:
There are 925 homes available for sale in Frisco TX (as of 7/1/2011). They range from $50,000 (an older home built in 1950s, on a short-sale in Downtown Frisco TX). The highest priced property is listed at $ 4.2 Million in Stonebriar Creek. There are 54 listings over $ 1 Million in Frisco TX, 6 more Million Dollar Frisco TX luxury home estates to select from.
In the month of March through June 2011, there is an expectation of mis-guided market statistics due to the same time last year (Frisco TX homes sales market report for March 2010), many first time home buyers were trying to purchase their Frisco TX homes before June 30th 2010 with the added bonus of the First Time home buyer Tax Credit of $8,000 offered by the federal government to stimulate the housing market. Stimulate it did, but it will also skew the Frisco TX homes sales market from March through about September/ October.
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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.
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3:16 team REALTY - Loreena Yeo, Realtor® in Frisco TX Pick up your phone & call today. (214) 783-2210 loreena(at)loreenayeo(dot)com |
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The Original Source posted on
Frisco TX Real Estate Homes Sales Market Report for
May
2011
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