Frisco TX reported 177 homes sold in October 2009. These numbers include single-family homes, condos, duplexes and townhomes. That makes Frisco TX sold a total of 687 homes in the 3rd Quarter, making it a total of 1,657 homes thus far for 2009.

January: 101 Frisco TX homes SOLD
February: 160 Frisco TX homes SOLD
March: 186 Frisco TX homes SOLD
April: 192 Frisco TX homes SOLD
May: 181 Frisco TX homes SOLD
June: 216 Frisco TX homes SOLD
July: 242 Frisco TX homes SOLD 
August: 206 Frisco TX homes SOLD
September: 200 Frisco TX homes SOLD

October 2009 Frisco TX Homes
177 homes for  $51,673,725
 

The lowest priced home sold for $116,500 (2-bedroom, 2-bathroom property, 1,472 square feet) in Stonebrook Frisco. It took 35 days to sell this house.

The most expensive priced home sold for $1.5 million (6-bedroom, 8 bathrooms, almost 8,500 square feet) at Stonebriar Country Club Frisco. It is an exquisite Mediterranean custom home built by Parthenon Home Builder based in Frisco TX. This home is under construction when it sold.

The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $277,946 in 74 days on the market.

I think it's important to study the days on market for the homes sold. As a buyer, you will understand the "limits" of your negotiation power in general and as a seller, it is important to know the pricing correctly gives you the greatest chance to sell your home.

These numbers were generated from the Local MLS NTREIS board for September 2009:

	0-30 Days	31-60 Days	61-90 Days	91-120 Days	120+ Days
No. of Listings	49	49	31	16	36
Breakdown %	27.07	27.07	17.13	8.84	19.89
Avg SP % LP	97.34	96.03	95.67	96.16	96.16

Comparison:

 

The breakdown of the price ranges are as follows:
DOM is number of days the house is on the market.

Less than $100,000:
SOLD = 1 home;
Under Contract = 0 home
AVAILABLE = 5 Homes

$100,001 - $200,000:
SOLD = 54 homes (56 days on market, $88/sq.ft.)
Under Contract = 72 homes; DOM = 92 days
AVAILABLE = 135 Homes

$200,001 - $300,000:
SOLD = 73 homes (83 days on market, $82/sq.ft.)
Under Contract = 58 homes; DOM = 90 days
AVAILABLE = 275 Homes

$300,001 - $400,000:
SOLD = 26 homes (54 days on market, $91/sq.ft.)
Under Contract = 28 homes; DOM = 140
AVAILABLE = 169 Homes 

$400,001 - $500,000:
SOLD = 10 homes (134 days on market, $101/sq.ft.)
Under Contract = 10 homes; DOM = 105 days
AVAILABLE = 116 Homes

$500,001 - $600,000:
SOLD = 2 homes (178 days on market, $140/sq.ft.)
Under Contract = 5 homes; DOM = 206 days
AVAILABLE = 57 Homes

$600,001 - $700,000:
SOLD = 4 homes (92 days on market, $140/sq.ft.)
Under Contract = 4 homes; DOM = 83 days
AVAILABLE = 411 Homes

$700,001 - $800,000:
SOLD = 2 homes (123 days on market, $155/sq.ft.)
Under Contract = 1 home; DOM = 48 days
AVAILABLE = 31 Homes

$800,001 - $900,000:
SOLD = NONE
Under Contract = 2 homes; DOM = 285 days
AVAILABLE = 30 Homes 

$900,001 - $1,000,000:
SOLD = 1 home (149 days on market, $71/sq.ft.)
Under Contract = None
AVAILABLE = 18 Homes

Over $1 Million:
SOLD = 2 homes (47 days on market, $262/sq.ft.)
Under Contract = 1 home; DOM = 63 day
AVAILABLE = 59 Homes

 

Real Estate Commentaries based on the above market data:

The October 2009 numbers did not perform as well as the October 2008 numbers. However, in almost all categories (each pricing group), the homes sold faster than the previous month, or faster than the same time last year. Hence, these are some small improvements here in the Frisco TX housing market.

Currently, Frisco TX has 935 homes available for purchase. The lowest priced property is a townhome off Hickory Street, priced at $52,900 (a 2-bedroom and 1 1/2 bathrooms). The most expensive home is a custom built home by Chapman Builders at Villages of Stonebriar Park for $5.4 Million (over 10,000 square feet).

 

Also, there is a possibility that you may be receiving differing numbers you found here and another site. Note that Frisco as recorded by the local MLS is tracked by Frisco school district (MLS 55). However, the information MLS 55 may include Plano, McKinney and Little Elm. That is most likely the difference. The information within Frisco is deemed correct for single-family homes, condos, duplexes and townhomes.

 

Read comprehensive Frisco TX 3rd Quarter 2009 Housing Market Report (July - September 2009)
Read August 2009 Frisco TX Home Market Report

View new Frisco TX homes now:

 

Search For Your Frisco TX Home now

Create a profile to receive property alerts, save searches and track your dream home as it comes on the market. Click on Get Listing Updates at the right corner above the map.

 

Related Articles:

 

• Frisco TX August 2009 Housing Market Report
• Plano TX August 2009 Housing Market Report
• Allen TX August 2009 Housing Market Repot
• McKinney TX August 2009 Housing Market Report

• Zero Down Payment, Zero Closing Costs Affordability based loan program
• What every real estate buyer needs to know when buying in these times

 

 

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Contact:

Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

 

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.

 

 

Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
Originally Posted on Frisco TX October 2009 Home Market Report

Yes, sometimes houses just don't close for very good reasons but we just don't know it yet. As people, we tend to want to fix things and make things right when it goes "wrong". Real estate transactions and negotiations included.

This property 4581 Spencer in Wellington at Preston Meadows of Plano, TX was a listing I took back in early August 2009. By the 2nd weekend, this property was hot off the press with MANY INTERESTED BUYERS. 9 out of 10 buyers asked for Seller's Disclosure - which indicated strong interests.

By the end of the 2nd weekend, we were in multiple offer negotiations. Yippee!!!

The first time home buyers pulled out at the last minute after both parties agreed to the repairs during the Option Period. My clients and I were bumped but kept our chins up. We just put the house back on the market.

Another 2 weeks later, we received an offer with a Buyer with a contingency to sell his house. With the interests, traffic and feedback we received, my clients felt it was not a good idea to accept the offer with a contingency to sell their existing house.

Two weeks later, this 2nd buyer presented the offer without the contingency since he also received an offer on his property. A week later, his buyer had cold feet, causing him to try to extend the contingency. No can do for my clients. I concurred.

Couple more weeks went by and by now, it's about 60 days into the listing. We received a 3rd offer with yet another first time home buyer.

We successfully negotiated the contract, went passed the Option period and moved on. By now, it's November 6th 2009. President Obama signed the Extended Tax Credit. The buyer originally did not qualify for this tax credit because his income disqualified him. The original tax credit did not include repeat buyers.

Last Friday, November 20th 2009, we successfully closed on the house. Even though it affected my "track record" of moving sellers in 30-45 days (this was 76days), I do it willingly.

This time, both sides of the transaction (the first time home buyer and my clients) now qualified for the $8,000 first time home buyer tax credit and $6,500 for the repeat buyer tax credit.

I could say that I was upset that when the first transaction fell through, I was deeply upset because this doesn't happen to "me" very often. In fact, it's the first for 2009. I took it very personally.

Looking back, had my clients closed on the original closing date, 9/18/09, they wouldn't have qualified for their $6,500 tax credit. Looking back, I'm so thankful it didn't happen even the 2nd time - to close 10/28/09 - just 9 days before Obama signed the extended tax credit into law.

This closing couldn't have happened in a more timely manner. Thank you God for watching over all of us even when we always want things to happen on our own time.

 

Wellington at Preston Meadows Featured Listing

 

 

 

Related Articles:

• New Extended First Time Home Buyer $8,000 and Repeat Buyer $6,500 tax credit
• What Every Seller Needs to know Selling In This Market
• Nice Houses Don't Stay Long On The Market - Yes, Even in This Market
• Frisco TX First Time Home Buyer Series
  

 

*********************************************************************************************

All contents are original. Consider subscribing to my blog for more real estate commentaries.

Subscribe via Email if you are not an Active Rain member here.

Contact:

Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.

Copyright © 2009 by Loreena Yeo (3:16 team REALTY).
Reflections of Homes Not Selling On Your Time Table

Listed below are market reports for McKinney TX. These reports have pulled data for October 2009, but also include monthly numbers for the past year through 2008.

If you are looking to buy or sell a house in this area, I would be glad to have the opportunity to assist you.

There's no such thing as an easy move. I watch about 50 families do it every year, and I do it myself about every 5-10 years. There are lots of details to manage, many of which your real estate agent takes care of for you. But, the packing, if you don't hire it out, is all on you.

Just as good time management teaches us to touch the papers in our in-box once and only once, you should manage your possessions in the same manner. Take an inventory by room, make a decision on each piece (and the contents inside if dealing with bureau's, filing cabinets, dressers, bookshelves, and the like), and determine which of the following is to be done:

1. Move It!

You love it too much to part with it. It has sentimental value beyond it's replacement value, or it is a family heirloom that just cannot be replaced. You know which items are 'off the table' for discussion. The pieces you'll fight for. This is the easy list. The only decision to make here is whether or not that item is useful for the staging of the home.

2. Store It!

You love it, but it's non-essential to proper staging of the home for sale, and therefore unnecessary at this moment in time. Blanket wrap that piece, or put it into a sturdy bin for storage, and know that you will be one step ahead of the game when your home gets a contract. Be sure to label your bins with masking tape, so they can be re-used for storage in your next home.

3. Shred It!

Old statements, old tax prep documents, old check stubs (remember check stubs? Yeah - you're a pack rat if you still have any of those sitting around), and - in the case of self-employed individuals with client files in their homes - old transaction files. Don't just throw them out. Shred these documents. Identity theft and your reputation could be at stake. Take the time to properly shred important, but dated, documents that you no longer need. The cost of hauling them to your next home can be astronomical.

4. Sell It!

The garage sale (or two) that you hold ahead of a move will help declutter the house and get it ready for staging. It may also pay for your storage and offset other moving expenses. The average household has about $2000 of unnecessary items in their home at any one time. In my experience, some homes have a lot more than that. Make a vow not to move clutter. If it isn't important enough to put in the #1 Move It! category, then maybe you aren't as attached to that item as you might think. Plus, it might not even work. Believe me that there is someone out there who wants that broken lawn mower and weed eater. There is someone who wants that snow-blower you hauled down from Minnesota and won't ever need in Texas. Those jeans from 1985? Yes - somebody wants those, too. Check your town policy and neighborhood policy on garage sales, and invite your friends to take part.

Keep in mind that if you are doing a pre-listing agreement with your agent, your garage sale before your listing goes in the MLS is a great time to invite your agent to be present for an open house. Open houses in DFW may only attract 2-3 people, but a garage sale can bring dozens of people to your house. Trust me that your agent wants to bring over a stack of business cards, some flyers, and be ready to tour the house with anyone who is interested.

5. Give It Away!

It didn't sell at the garage sale? You don't love it enough to store it and move it? Give it to a friend or neighbor. Or, check with the local Goodwill or Community Action store and see about donating that item. The act of charity is far more valuable than the donation slip you get to file away for your taxes next year.

6. Gift it to the Buyer.

Is the buyer moving in over the holidays? Gift them that set of Snowman Coffee Cups from your ex-Mother-In-Law that you've never taken out of the box, and put some cocoa mix and marshmallows with it on the kitchen counter with a note welcoming them to their new home. One thing I've noticed in the last two years is that the little courtesies that used to happen on just about every home sale have almost gone by the wayside. It's sad. Let's bring those niceties back between the buyer and seller.

7. Gift it to your Agent.

Did he/she go above and beyond to make your home sale happen? Did they work tirelessly to follow up for feedback on every showing, negotiate a great deal with solid terms, and see the transaction through from pre-listing through to closing day and beyond? It's okay to show your thanks with a gift. The best gift I have received was a beautiful ladies golf bag from Mr. Jim and Mrs. Fran, my 55-year USAA Member clients, who were on their 17th move. They only moved 3.5 miles across Plano, TX. But, we became friends for life in the weeks we spent together. The occasional food gifts are always appreciated and shared around the office. And, rookie agents always want to know what you do that makes your clients send gifts. Veteran agents know the answer...CARE.

Have a blessed day!

Ronda

Following are the latest market data reports for Plano TX