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Frisco TX AUGUST 2009 Housing Market Report

The Frisco TX reports 206 homes sold in August 2009. These numbers include single-family homes, condos, duplexes and townhomes. This information is important for you as the home buyers and sellers in Frisco TX.  It is our goal to empower you to become a more educated real estate consumer, especially in the Frisco TX Home communities as we provide you these home market statistics. Remember, information is power in real estate in negotiations.

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 2009: 206 Frisco TX sold homes
for $61,710,301
 

The lowest priced home sold for $23,900 (2-bedroom, 1-bathroom property, 952 square feet) in Historic Downtown Frisco. This property is listed for sale for its land value only. It was

The most expensive priced home sold for $2,100,000 (5-bedroom, 7 bathrooms, over 7,000 square feet) at The Reserves at Starwood Frisco. It is an exquisite Mediterranean custom home. A massive display of expansive architecture, this home boasts of fine living at its best in Frisco TX. A house built for entertaining indoor and outdoor. This home was on the market for only 18 days.

The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $299,000 in 83 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.

   0-30 Days   31-60 Days   61-90 Days   91-120 Days   120+ Days 
 No. of Listings  66   43   36   22   39

 

To date, 1,566 homes sold in Frisco Texas. When compared to last year, Frisco TX sold 1,781 homes for the same period in 2008. The numbers are down 12%.

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 = 2 homes; DOM = 34 days
Under Contract = 0 home
AVAILABLE = 5 Homes; DOM = 65

$100,001 - $200,000:
SOLD = 63 homes (76 days on market, $85/sq.ft.)
Under Contract = 82 homes; DOM = 71 days
AVAILABLE = 151 Homes DOM = 82 days

$200,001 - $300,000:
SOLD = 80 homes (65 days on market, $83/sq.ft.)
Under Contract = 64 homes; DOM = 76 days
AVAILABLE = 284 Homes DOM = 78 days

$300,001 - $400,000:
SOLD = 28 homes (91 days on market, $93/sq.ft.)
Under Contract = 27 homes; DOM = 111
AVAILABLE = 215 Homes DOM = 81 days

$400,001 - $500,000:
SOLD = 15 homes (90 days on market, $100/sq.ft.)
Under Contract = 8 homes; DOM = 57 days
AVAILABLE = 115 Homes DOM = 89 days

$500,001 - $600,000:
SOLD = 8 homes (211 days on market, $120/sq.ft.)
Under Contract = 5 homes; DOM = 124 days
AVAILABLE = 57 Homes DOM = 110 days

$600,001 - $700,000:
SOLD = 2 homes (38 days on market, $161/sq.ft.)
Under Contract = 6 homes; DOM = 157 days
AVAILABLE = 51 Homes DOM = 122 days

$700,001 - $800,000:
SOLD = 3 homes (219 days on market, $153/sq.ft.)
Under Contract = 1 home; DOM = 154 days
AVAILABLE = 29 Homes DOM = 151 days

$800,001 - $900,000:
SOLD = 1 home (265 days on market, $158/sq.ft.)
Under Contract = NONE
AVAILABLE = 35 Homes DOM = 133 days

$900,001 - $1,000,000:
SOLD = 2 homes (376 days on market, $177/sq.ft.)
Under Contract = 1 home; DOM = 24
AVAILABLE = 15 Homes DOM = 109 days

Over $1 Million:
SOLD = 2 homes (55 days on market, 275/sq.ft.)
Under Contract = 1 home; DOM = 0 day
AVAILABLE = 69 Homes; DOM = 192 days

 

Real Estate Commentaries based on the above market data:

The homes that sold between $200K - $300K saw the largest improvement in price per square feet. It is also the largest market mover price group. The luxury home markets (over $500K) saw huge price per square feet improvement (if they sold). These properties also sold faster. For the first time in 2009, August 2009 is the only month thus far that had sold homes in every price range.

Currently, Frisco TX has 1,025 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). Although the August 2009 SOLD data in Frisco TX seems promising, the current pending contracts in August which may sell in September does not look as promising. This is yet to be confirmed until the completed September sold data is obtained.

 

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 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 July 2009 Frisco TX Homes Market Report.
Read comprehensive June 2009 Frisco TX Homes Market Report.
Read comprehensive May 2009 Frisco TX Homes Market Report.
Read comprehensive April 2009 Frisco TX Homes Market Report.
Read detailed 1st Quarter Frisco TX homes market report at 1st Quarter 2009 Frisco TX Homes Market Report.

 

View Just Listed Frisco TX homes 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.

 

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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 AUGUST 2009 Housing Market Report

Posted Monday Sep 28