About McKinney's Stone Brooke Crossing

Happy New Year, Stone Brooke Crossing!

If you're like me, you LOVE seeing the first snowfall of 2011 cover our beautiful neighborhood. I think our entry on Crutcher Crossing is SO picturesque, if you ask me, with all the snow covered trees, curved entry drive and bricked bridge over the creek.

While it's great to look forward to a New Year, it is also just as important to reflect on 2010 to see how it may impact us in the future. Looking at these real estate statistics will give you a snapshot of how our real estate market fared for the year.

2010 brought 18 sales to our neighborhood, with only 2 being reported as Foreclosures or Short Sales. The eighteen sales represent about 4.5% of the homes in our subdivision based on approximately 400 homes.

The average price per square foot was $79.86 per square foot. Sales ranged in price from $148,000 up to $229,000 with several of those sales showing seller paid closing cost contributions.

Homes sold in an average of 55 days, and sellers received an average of 97% of list price.

For those of you not familiar with the homes in Stone Brooke Crossing, they range in year built from 1998 up to 2006. Highland Homes, Grand Homes and Sovereign Homes were the three home builders represented. Their model homes were located at the North East corner of our subdivision on the Stone Brooke Crossing cul-de-sac. The only exception to this are two homes built on Sandstone Lane. These two lots were left over and sold to a private builder.

What to look forward to in 2011? I think that foreclosures and short sales will continue to make an appearance in our neighborhood much like they did in 2010. I don't forsee a huge spike in the number, but will probably still represent about 11% of the sales we see. Sales prices will also hold flat and the rental market will continue to do well.

If you are thinking about buying or selling a home in Stone Brooke Crossing of McKinney TX this year, I would welcome the chance to earn your business. As a resident of McKinney and fellow neighbor here in SBC I keep a close eye on the trends and figures that impact each of us.

Have a blessed 2011!

Here's a snapshot of how the real estate in the McKinney, TX neighborhood of Stone Brooke Crossing fared for December 2010.

The month ended with 7 Active listings (available):

508 Crutcher Crossing, 1,722 sqft, 3 BR, 2 BA, $150,000
512 Rock Ridge Way 2,631 sqft, 4 BR, 2.5 BA, $214,900
5432 Pebble Ct 1,838 sqft, 3 BR, 2 BA, $158,000 Reduced $154,000
5433 Pebble Ct 2,105 sqft,3 BR, 2 BA, $169,500 Reduced $165,000
5521 Broken Bend 2,095 sqft, 3 BR, 2 BA, $186,500 Reduced $169,500
501 Winding Lane 2,313 sqft, 4 BR, 2.5 BA, $199,900
5308 Rolling Rock 3,304 sqft, 4 BR, 2.5 BA, $238,000

1 OPTION listing:

5620 Turtle Way 2.105 sqft, 3 BR, 2 BA, $179,220 Reduced $159,900

1 LEASE listing:

217 S. Village 1,761 sqft, 3 BR, 2.0 BA, $1,400/Month REDUCED $1,275/Month

Here's a snapshot of how the real estate in Stone Brooke Crossing fared for September 2010.

The month ended with 9 Active listings (available):

5432 Pebble Ct 1,838 sqft, 3 BR, 2 BA, $158,000 Reduced $155,495
5532 Amber Way 2,102 sqft, 4 BR, 2 BA, $172,000 Reduced $169,500
5433 Pebble Ct 2,105 sqft,3 BR, 2 BA, $169,500 Seller offering $4500 kitchen allowance with acceptable offer.
5521 Broken Bend 2,095 sqft, 3 BR, 2 BA, $186,500 Reduced $174,500
5620 Turtle Way 2.105 sqft, 3 BR, 2 BA, $179,220
5300 Rolling Rock 2,369 sqft, 3 BR, 2.5 BA, $184,900 Reduced $179,900
5528 Broken Bend 2,313 sqft, 4 BR, 3.5 BA, $189,000
5304 Sandstone Lane 2,390 sqft, 4 BR, 2 BA, $229,800 REDUCED $189,000
5200 Rolling Rock 3,175 sqft, 4 BR, 3.5 BA, $229,900

1 OPTION listing: (inspection period)

217 S. Village 1,761 sqft, 3 BR, 2 BA, $154,900

1 PENDING listing: (awaiting closing)

501 Rock Ridge Way 1,838 sqft, 3 BR, 2 BA, $159,500

2 SOLD listings: (New owners)

Home 1: 2176 sqft, 4 BR, 2.5 BA, $184,550
Home 2: 2558 sqft, 4 BR, 3 BA, $194,000

1 LEASED listing:

Home 1: 2,642 sqft, 4 BR, 2.5 BA, $1,800/Month

Do you need a McKinney Realtor that specializes in Stone Brooke Crossing? Call or Email us today! The market is right for buyers that qualify - low interest rates are drawing out the serious home buyers. Get your home on the market.

Come by and say HELLO on this beautiful, sunny Sunday. I'll be holding our listing at 5433 Pebble Court open today from 2 to 4.

Located in Stone Brooke Crossing (SW corner of Lake Forest and Virginia Pkwy) just steps away from Dowell Middle School, Glen Oaks Elementary and McKinney Boyd High School.

The home is 2105 square feet and features 3 bedrooms, 2 baths, combination formal space that can be used as study, play room or formal dining & living room. The kitchen is open to the living room that features wood floors!

Popular Highland floorplan listed at $169,500.

Have a GREAT Labor Day weekend everyone!