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Home > Local Real Estate Markets > McKinney TX 3rd Quarter 2009 Housing Market Report

 

McKinney TX sold 687 home sales in the 3rd Quarter 2009. These numbers include single-family homes, condos, duplexes and townhomes in McKinney TX (not only MLS 53 but including MLS 55 McKinney TX on the local MLS system). When the 3rd Quarter 2009 ended, McKinney TX sold 687 homes this quarter. When compared to the same time last year, McKinney TX sold 606 homes for the same period in 2008. The positive news is an astounding improvement of 11%. It is deserving of a victory when every city around it see a decline when comparing to the same time last year.

 

January: 100 McKinney TX homes SOLD 
February: 128
McKinney TX homes SOLD 
March: 185
McKinney TX homes SOLD 
April: 175
McKinney TX homes SOLD 
May: 191
McKinney TX homes SOLD 
June: 225 McKinney TX homes SOLD
 
July: 260 McKinney TX homes SOLD
 
August: 241 McKinney TX homes SOLD
 
September: 186 McKinney TX homes SOLD

3rd Quarter 2009 (July 1 - September 30):
687 McKinney TX sold homes
for $148,166,696

 In this 3rd Quarter,

The average home in McKinney Texas is 4-bedroom, 3 bathrooms, approximately 2,600 square feet and sold for $215,672 in 74 days on the market.

The lowest priced home sold for $34,900 (3-bedrooms, 1-bathroom property, 952 square feet) near Downtown McKinney TX 75069. It is bank-owned property, sold in 43 days. The buyer paid cash.

The most expensive priced home sold for $971,000 (5-bedrooms, 4 1/2-bathrooms, over 6,100 square feet) in Provine Farms McKinney TX 75070. It is a custom built English Tudor,  with breathtaking views of the backyard with a swimming pool and spa on this property.
 

 

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   271    125    88    72    131 
 Breakdown %   39.45    18.20    12.81    10.48    19.07 
 Avg Sales Price to Listing Price   97.6%    96.5%   97.4%   96.0%   96.0%

 

  Average Price per Square Feet Average Days on Market
January $77 82
February $77 85
March $79 89
April $81 86
May $83 87
June $83 75
July $82 70
August $82 70
September $82 78

 

 

Real Estate Commentaries based on the above market data:

McKinney TX continues to be very promising in delivering positive signs of real estate market recovery in the DFW metroplex. It is one of the few cities that continue to yield improvement numbers in the past few months. To date, McKinney TX sold 1,691 homes from January 1 through September 30. When compared to the same period last year, McKinney TX sold 1,788 homes.

There are 861 homes for sale in McKinney TX. 349 homes are currently under contract. Based on its current inventory level, it would take approximately 20 weeks (5 months) to sell based on its market pace, also known as Absorption Rate.

 

 

Read how McKinney TX homes stack up to other surrounding cities for home sales in the month of August:



 

View Just Listed McKinney TX homes for sale:

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.

 

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

» More Listings

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DAILY FIXED MORTGAGE RATES

*Rates subject to change without notice

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Loreena Yeo - Realtor(R) in Frisco TX | Broker
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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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