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Published August 3rd 2011 5:53 pm

 216 Frisco TX Homes Sold for $64,919,136 in June 2011 

(Source: NTREIS Innovia on July 5th 2011)

The lowest priced home sold for $79,000 in Hickory Townhomes. It is a townhome with 1-bedroom, 1 1/2 Frisco TX homebathrooms, 800 square feet, built in 1987. It took 60 days to sell.

The highest priced Frisco TX home was sold in Chapel Creek for $ 1.8 Million - a 7,000 square-foot 5-bedrooms, 5 full bathrooms, 1 half bathroom Lonnie Gray custom built home. This home has a paradise backyard oasis, backing up to the creek. Hence, giving a very private lot site. It took 45 days to sell.

The average home in Frisco TX is $ 300,552. An average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,200 square feet. The average price per square feet is $94/sq.ft. The average days on market to sell a home in Frisco TX is 66 days for June 2011.

The median sales price of Frisco TX homes is $259,950. This means half the homes sold in Frisco TX in June sold for less than $259,950 and half over $259,950.

Absorption Rate for June 2011 in Frisco TX is 17 weeks (4 months). When inventory levels are at 6 months, it is a neutral market, ie. it is not a buyer's neither is it a seller's market. For the first time in a while, the absorption rate for Frisco TX homes fell towards the 4-month inventory mark, which should signify a seller's market.

Some interesting facts about June 2010 and June 2011 Frisco TX home sales numbers:

  June 2011 June 2010

% Change

Number of Transactions 216 259  - 16.6 %
Total Sales (Real Estate Value) $ 64,919,136 $ 81,928,789 - 20.8 %
Average Sold Price $ 300,552 $ 316,327 - 5.0 %
Median Sold Price $ 259,950 $ 267,900  - 3.0 %
Average Days on Market 66 70 Negligible

 

Current Frisco TX Homes Sales Market Activity:

There are 865 homes available for sale in Frisco TX (as of 8/3/2011). They range from $50,000 (an older home built in 1950s, on a short-sale in Downtown Frisco TX). The highest priced property is listed at $ 4.2 Million in Stonebriar Creek. There are 54 listings over $ 1 Million in Frisco TX, 6 more Million Dollar Frisco TX luxury home estates to select from.

In the month of March through June 2011, there is an expectation of mis-guided market statistics due to the same time last year (Frisco TX homes sales market report for March 2010), many first time home buyers were trying to purchase their Frisco TX homes before June 30th 2010 with the added bonus of the First Time home buyer Tax Credit of $8,000 offered by the federal government to stimulate the housing market. Stimulate it did, but it will also skew the Frisco TX homes sales market from March through about September/ October.

A word of caution: The Frisco TX homes market may seem to improve, and points towards a seller's market. The lowest and highest priced properties sold in 60 and 45 days respectively. However, most pending contracts sell in 90 days. Some as long as 843 days (ie. 2 years & 4 months).

 

 

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This information is provided to you by 3:16 team REALTY with a commitment to support the Frisco TX community.

3:16 team REALTY is a locally-owned Frisco TX real estate brokerage that serves buyers and sellers in and around the Frisco TX areas.

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper & North Dallas area communities.


3:16 team REALTY - Loreena Yeo, Realtor® in Frisco TX
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FEATURED LISTINGS
 

FRISCO Home, TX Real Estate Listing

Meadow Hill Estates Frisco TX Home for Sale
4 bedrooms, 3 baths, approx 3071 sq. ft.

$239,900

 

Frisco Home, TX Real Estate Listing

3 bedroom + Study home in Hillcrest Estates
3 bedrooms, 2 baths, approx 1925 sq. ft.

$179,900

 

Frisco Home, TX Real Estate Listing

Panther Creek Estates Home for Sale
3 bedrooms, 2 baths, approx 1894 sq. ft.

$178,900

 

Frisco Home, TX Real Estate Listing

Hardwood Floor, Granite + More
4 bedrooms, 2 baths, approx 2795 sq. ft.

$219,900

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Loreena Yeo - Realtor(R) in Frisco TX | Broker
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3:16 team REALTY to practice real estate in Frisco & surrounding cities (State of Texas). Texas Real Estate Broker License Number #0507884.

CLIENT TESTIMONIALS

Read about what our satisfied clients have to say:

When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect.

Eric & Tomoko Quere, Plano TX

 

Ultimately, Loreena introduced us to the house we bought--it was not one we found from our own hours of searching web listings--based on the the comments we had made while we visited these different homes. This is a testimony to her ability to listen well and to work proactively on our behalf.

Jenn & Glen Miller, Denton TX

We were completely impressed with Loreena. She helped us find and buy a home in Frisco. We have very high expectations from a realtor and she surpassed them. Knows her market extremely well, not just the technical market pricing data, but the nuances of all the neighborhoods as well. One of the most responsive and professional persons I've met in my entire business career.

Ruth & Jerry Meek, Frisco TX

I just want to thank you again for your help in selling our house. In this tough economy and market, I really didn't expect to get an offer. But you counseled me so well in pricing the house to sell and yet not letting me accept an offer that was too low. I believe we got the best deal we could have. I was so pleased and surprised with what we walked away with.

Sally & Phillip Barnard, Frisco TX

 


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