Plano, TX Real Estate Market Report for Q2 2014 and June 2014

By
Real Estate Agent with Briggs Freeman Sotheby's International Realty 0596165

The real estate market has been VERY HOT in Plano, TX so far in 2014.  Median prices have set new records, the average price per square foot has flirted with records, average marketing times have decreased to less than one month, and sellers are getting more, on average, for their homes relative to their original list prices. 

Some highlights from the Plano, TX real estate market in June 2014:

  • The median home price set a new record at $275,000
  • The average price per square foot was just shy of the all time record, coming in at $117/ft.
  • The average time it took to sell a home was just 24 days. However, some of the best homes in the most desirable locations in Plano sold in as little as one day on the market, often for more than their asking price.
  • The number of pending and closed sales was strong, but nowhere near the highs set in 2007 and last year, mainly due to the huge supply to demand imbalance.
  • The supply of homes was just 1.6 months, down from last year but up very slightly from the lows of 1.2 seen earlier this year.

See my full real estate market report with charts for Plano, TX here.

Posted by

John Jones, Realtor

Dallas City Center, Realtors

www.homesourcedallas.com

3100 Monticello Ave., Suite 200

Dallas, TX 75205

Dallas, TX Real Estate and surrounding areas of Richardson, Plano, Addison, Frisco, Carrollton, Farmers Branch, Garland, Allen, Irving, Rowlett, and Rockwall.

Dallas, TX neighborhoods and subdivisions of Lake Highlands, White Rock Lake, Lochwood, Eastwood, L Streets, M Streets, Hollywood Heights, Lakewood, Coronado and Gastonwood, Forest Hills, Lochwood, Eastwood, and Preston Hollow.

Copyright 2008-2013 by John Jones, All Rights Reserved.  You may reblog or republish with links back to this post. 

* THIS ARTICLE WAS ORIGINALLY PUBLISHED AT http://www.homesourcedallas.com  *

 

 

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Rainmaker
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Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi John , always enjoy viewing information on other communities.

Jul 30, 2014 09:03 AM #1
Rainmaker
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Richard Woodward NMLS#217454
Service First Mortgage, NMLS #166487 - Dallas, TX
Service Beyond Expectations! Your Texas Lender

Great Post John Jones .  With good properties being so scarce, perhaps home buyers should consider a Homestyle Renovation Mortgage, www.mortgageprosus.com/HomeStyleRenovation   easy to secure financing that allows buyers to purchase the home and include repairs, upgrades, and appliances in the mortgage.  Call or email me for a Home Buyers Guide To Buying A Fixer Upper.

Aug 14, 2014 02:28 AM #2
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