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Plano TX Homes for Sale - Summer 2008 Real Estate Market Report Card

By Loreena and Michael Yeo

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

September 27, 2008 03:57 PM

Plano TX Homes for Sale - Summer 2008 Real Estate (Residential) Housing Report from Memorial Day 05/26/08 through Labor Day 09/01/08. (Plano's busiest real estate season).

1,197 closed transactions (in 2008)

Lowest $49,000
Average 4 bedrooms, 3 bathrooms (either 3 full bathrooms, or 2 full with 1 half bath). 2,700 square feet at $270,400. DOM 58.
Highest 7 bedrooms, over 12,000 square feelt for $3.6 million dollars. It took 546 days to sell.
Total real estate value of $317,716,308 not including real estate sales not listed on the MLS systems such as for sale by owners and home builders.

Average DOM Breakdown and Average % of List Price received on Solds by Market time:
Information provided is deemed reliable and taken from the North Texas Real Estate Information MLS Systems.

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	505	248	153	115	154
Breakdown %	42.98	21.11	13.02	9.79	13.11

It is important to note that PRICING is key when reading this report. The highest success of selling your house also takes the least amount of time (30 days or less).

The Absorption Rate* for Plano TX Homes for sale is approximately 14 weeks.

*Absorption Rate is the time it takes to sell the available inventory at its present rate.

Note: However, given that we are heading towards the end of the year, it may take longer than 14 weeks. Plano TX's busiest real estate season is from April until August. It is a competitive housing market in Plano TX. Hence it is important that you choose to work with the realtor who knows these communities like none other. I employ a systematic market approach in selling your home - an intentionally unique proposal that most real estate agents do not use. If you care to be on your way to a successful closing, contact me immediately to see how different my proposition will be.

When comparing to the same time last year (Memorial Day 05/28/07 through Labor Day 09/03/07),

1,439 sold transactions (in 2007)

Lowest $50,000
Average 4 bedrooms, 3 bathrooms (either 3 full bathrooms, or 2 full with 1 half bath). 2,700 square feet at $275,000. DOM 47.
Highest 7 bedrooms, 7 bathrooms, over 11,000 square feet for $2.75 million dollars. It took 582 days to sell.

I proudly serve and sell real estate in the northern suburb cities of the Dallas metroplex. If you are thinking about purchasing or selling your home in neighborhoods of Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area and other surrounding areas and more importantly, want to work with a local area expert, contact me immediately.

Much to your success...

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