What Are The Hottest Real Estate Price Ranges in
Allen, Frisco, McKinney, Plano & Other North Texas Cities?
I just calculated the Hotness Factor for single-family homes located in Collin and Denton Counties in North Texas. The Hotness Factor is simply how many single-family MLS listed homes are contract pending compared to total MLS listings in a particular price range.
For example, in the $100,001 to $150,000 price range 37.8% of all MLS listings of single-family homes are currently contract pending. The calculation: 510 homes contract pending divided by 1,346 total MLS listings.
For example, in the $650,001 to $700,000 price range 10.0% of all MLS listings of single-family homes are currently contract pending. The calculation: 12 homes contract pending divided by 120 total listings.
List Price Range |
Hotness Factor |
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$100,001 to $150,000 |
37.8% |
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$150,001 to $200,000 |
27.6% |
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$200,001 to $250,000 |
22.4% |
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$250,001 to $300,000 |
18.3% |
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$300,001 to $350,000 |
16.4% |
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$350,001 to $400,000 |
17.0% |
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$400,001 to $450,000 |
14.0% |
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$450,001 to $500,000 |
12.7% |
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$500,001 to $550,000 |
11.3% |
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$550,001 to $600,000 |
10.6% |
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$600,001 to $650,000 |
8.5% |
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$650,000 to $700,000 |
10.0% |
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$700,001 and higher |
5.5% |
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What is the practical take-away from the above information if you are a home seller or home buyer in North Texas?
If you are purchasing or selling a home in the lower price ranges, then expect shorter marketing times and more competition for each property.
If you are purchasing or selling a home in the upper price ranges, then expect longer marketing times and less competition for each property.
High Hotness Factor = High Competition for each home
Low Hotness Factor = Low Competition for each home.
To view all of my other Blog posts about Allen, Frisco, McKinney, Plano and other North Texas cities, please click www.AllAboutNorthTexas.com
Also, be sure to visit my Website www.RobertLerner.com for North Texas school ratings, cost-of-living information, builder ratings, real estate taxes, fun things to do and much more.
To search the entire MLS inventory of Allen homes for sale, Frisco homes for sale, McKinney homes for sale, Plano homes for sale and homes for sale in many other North Texas cities, please click www.NTxHomesUpdate.com
If you have any questions about Allen, Frisco, McKinney, Plano and other North Texas homes and real estate for sale, then please contact me.
I look forward to hearing from you.
Thanks,
Robert Lerner, CRS
RE/MAX Hall of Fame
Full-time Realtor since 1993
RE/MAX Premier Properties I
Email: Robert@RobertLerner.com
Blog: www.AllAboutNorthTexas.com
Website: www.RobertLerner.com
MLS Search: www.NTxHomesUpdate.com
Phone: 972-979-0662
Allen homes, Allen real estate, Frisco homes, Frisco real estate, McKinney homes, McKinney real estate, Plano homes, Plano real estate
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