Plano's November Sales

By
Real Estate Agent with Castle Connections Realty 0517896

Here are the latest home sales statistics for Plano, TX in the November of 2007.  I've also included the stats for the 3rd Qtr of 2006 as a comparison to our current market. 

November 2007 . November 2006
Sold Volume: $58,732,100 Sold Volume: $75,717,536
# of Sales: 194 # of Sales: 282
Avg. Price:  $302,742 Avg. Price:  $268,501

Sales Price as Percentage of List Price

$0 - $100K                97.5%
$101K - $150K   98.4%
$151K - $200K          97.9%
$201K - $300K  97.9%
$301K - $500K   97.5%
$501K - $750K    95.7%
$751K +   97.6%

 

As you can see from the stats, actually sales volume is less but the average sales price has increased. 

The PMI Group states in the article below that the Dallas Fort Worth Market is one of the least risky areas in the nation to experience a housing value decline.

 

HOW RISKY IS THE HOUSING MARKET?

Markets with the most and least risk of a home price decline, based on price appreciation, economic growth and affordability according to PMI Group, one of the country's largest mortgage insurance firms. An index of 500 means there is a 50 percent chance of home prices falling in the next two years.

MOST RISKY

 

Riverside-San Bernardino, Calif.

608

Las Vegas-Paradise

587

Santa Ana-Anaheim-Irvine, Calif.

579

Phoenix-Mesa-Scottdale

575

Los Angeles-Long Beach-Glendale

536

LEAST RISKY

 

Pittsburgh

85

Fort Worth-Arlington

89

Houston-Sugar Land-Baytown

94

Dallas-Plano-Irving

95

Indianapolis-Carmel, Ind.

101

SOURCE: PMI Group from the Dallas Morning News

 

All in all, The DFW market is still a great place to buy real estate!

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Rainmaker
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Sondra Meyer:
Star View Real Estate - Colorado Springs, CO
See It. Experience It. Live It.

Howdy Linda,

I like how you summarized the Plano's sales and included a list of most risky and least risky areas.  That should help buyers feel more comfortable. 

And, thank you for commenting on my me-me post.  If I understand correctly, of the schools that my son applied to,  t.u. is the last choice.  I've tried for years to get my boys interested in A&M, but sometimes when kids grow up in College Station, they don't fully appreciate A&M unless they are interested in agriculture or veterinary medicine - like I had been.  My Dad didn't help either.  But, wait until Sean has kid's of his own.  They will be Aggies.  I just have to be patient.      

Dec 05, 2007 10:34 AM #1
Rainmaker
305,716
Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes
Great breakdown of info here Linda, thanks for posting it.
Dec 13, 2007 06:33 AM #2
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Rainer
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Linda Box Taylor

Your Plano, TX Realtor
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