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Home > Local Real Estate Markets > Panther Creek Estates Home Market Report for 3rd Quarter 2009

 

Panther Creek Estates - the master planned community of North Frisco closed out a successful 3rd Quarter in 2009. From July 1st to September 30th, Panther Creek Estates sold 18 homes. They range from low $155,000 to $256,000.

Panther Creek Estates Frisco TXThe average sold price was $212,503 or $73/square feet.
The average house is a 4 bedroom, 3 bathroom and just over 3,000 square feet.

The lowest priced home was 1,800 square feet with 3-bedrooms and 2 bathrooms for $155,000. It sold in 6 days - a bank-owned foreclosure property.

The most expensive home was 4,300 square feet with 6-bedrooms and 4 bathrooms for $256,00. It took 94 days to sell. This home features granite counter tops, kitchen island, tumbled-stone kitchen backsplash, stainless steel appliances, gameroom and media room.

About 45% of the SOLD homes sold in 30 days or less - which really notes the importance of selling a home successfully really only occurs in the first 30 days. 10% of the homes sold between 31-60 days, another 10% sold within 60-90days while the remaining balance, sold their homes after 90 days.

The foreclosure inventory which has affected the home sale prices at Panther Creek Estates are slowly swindling. This is a good sign for homeowners who may be ready to sell. The market drivers are especially the single-story homes where many homeowners did receive fair market value for their sale. Again, the key is pricing your home correctly. Not listing it too high where it will not sell while not listing it too low where you could be giving your property away.

 

Time Average Sold Price/Square Feet Average Days on Market
3rd Quarter 2009 (07/01/09 - 09/30/09) $73 54
2nd Quarter 2009 (04/01/09 - 06/30/09) $72 68
1st Quarter 2009 (01/01/09 - 03/31/09) $64 76
4th Quarter 2008 (10/01/08 - 12/30/08) $69 60
3rd Quarter 2008 (07/01/08 - 09/30/08) $75 75
2nd Quarter 2008 (04/01/08 - 06/30/08) $74 69
1st Quarter 2008 (01/01/08 - 03/31/08) $71 102
 

At the time of this publication (early October 2009), there are 19 homes for sale in Panther Creek Estates. It ranged from $154,900 to $375,000. 12 properties are pending sale. At the rate the properties are selling at Panther Creek Estates, it would take approximately 5 months to clear the current inventory, which in real estate terms is called the absorption rate.


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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.

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