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Frisco TX Real Estate Homes Market Report for November 2011

By
Real Estate Broker/Owner with 3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. #9001154

149 Frisco TX Homes Sold for $47,528,869 in November 2011

(Source: NTREIS on December 29 2011)

Lowest Priced Home in Frisco TX

The lowest priced home sold for $51,000 in Frisco Original Donation (Downtown Frisco TX). It is a single-family "older" Victorian home with 1-bedroom, 1 bathroom, almost 700 square feet, built in 1960. It took 116 days to sell. It was short sale in Frisco TX.

Highest Priced Home in Frisco TX

The highest priced Frisco TX home was sold in Chapel Creekfor $1.6 Million - a 6,500 square-foot 5-bedrooms, 6 full bathrooms, 3-car garage property with many upscale upgrades. This home is built in 2006, have lots of majestic features including a stunning backyard pool area for entertaining. It took over 1 year and 7 1/2 months to sell.

Frisco TX Real Estate Homes Market Stats

  • Average home in Frisco TX = $ 314,734. The average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,200 square feet.
  • The average price per square feet = $97/sq.ft.
  • Average Days on Market to sell a home in Frisco TX = 89 days for November 2011.
  • The Median Sales Price of Frisco TX homes is $262,000. This means half the homes sold in Frisco TX in November sold for less than $262,000 and half over $262,000.
  • Absorption Rate for November 2011 in Frisco TX is 17 weeks (4 months 1 week). 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 in comparison to November 2010 and November 2011 Frisco TX home sales numbers:

  November 2011 November 2010

% Change

Number of Transactions 149 143 + 4.0 %
Total Sales (Real Estate Value) $ 47,528,869 $ 44,132,228 + 7.0 %
Average Sold Price $ 318,986 $ 308,617 + 3.0 %
Median Sold Price $ 262,000 $ 275,000 - 5.0 %
Average Days on Market 89 95 + 7.0 %

Current Frisco TX Homes Sales Market Activity:

  • There are 587 homes available for sale in Frisco TX (as of 12/29/2011).
  • The lowest priced home starts at $97,000 (an older single family home built in 1966, single story 3-bedrooms, 1 1/2 bathrooms in Downtown Frisco).
  • The highest priced property is listed at $ 5 Million at Villages of Stonebriar Park.
  • There are 37 listings over $ 1 Million Frisco TX luxury home estates to select from.
  • 87 homes are under contract in November 2011.

The November 2011 looks stable (seasonably adjusted). It does not have significant changes from October, which continues to be a good sign that the Frisco TX homes sales market is stable. Comparing the same time last year (2010), there is not much changes to the November 2011 Frisco TX homesmarket trend. Considering the timing of the year (4th Quarter), real estate sales is typically slower anyways.

 

 

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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.

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper & North Dallas area communities.

 

3:16 team REALTY - Loreena Yeo, Realtor® in Frisco TX
Pick up your phone & call today.
(214) 783-2210
loreena(at)loreenayeo(dot)com

Check out some of the best values in Frisco TX Featured Homes of the week.
This list is monitored and updated frequently by Loreena Yeo - Realtor® in Frisco TX.

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Content & Photography Copyright © 2011 by Loreena Yeo (3:16 team REALTY)
The Original Source posted on Frisco TX Real Estate Homes Sales Market Report for November 2011

Comments (3)

Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hi Loreena, what a comprehensive market report!

Happy New Years!d  Thank you for the many wonderful posts during 2011 and I look forward to more from you in 2012!  Best of success to you in 2012!

Dec 31, 2011 04:31 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Hi Loreena. Excellent market report for Frisco TX. It provides an easy to understand summary of the important information that every buyer and seller needs to know. Great job!

Dec 31, 2011 05:02 PM
Greg Gillespie
GumTree Realty / Genesis Realty Services,Inc - Tupelo, MS
CRS / Broker Owner

 H A   P    P   Y

 

N    E       W

 

Y    E        A    R..

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Its 2012

Dec 31, 2011 05:26 PM