FRISCO TX HOMES COVER  STORY                                                                 

 

07.15.2010

Frisco TX June 2010 Homes Sales Market Report

 

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Published July 15 2010 3:07 pm

In June 2010, Frisco TX sold 245 homes. These includes single-family homes, townhomes and duplexes in the City of Frisco TX. MLS area 55 not including the homes not in Frisco TX.

January 2010 = 95 Frisco TX homes sold
February 2010 = 118 Frisco TX homes sold
March 2010 = 196 Frisco TX homes sold
April 2010 = 249 Frisco TX homes sold
May 2010 = 223 Frisco TX homes sold

245 Frisco TX Homes Sold for $79,140,475 in June 2010

When compared to the same time last year (June 2009), Frisco TX sold 247 homes. The current Frisco TX housing market conditions is similar to the previous year. The Frisco TX First Time Home Buyer and Repeat Buyer Tax Credits most probably contributed to positive numbers in April 2010, and that was probably it as far as its intended housing stimulation.

 Continue below ...

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LOCAL FRISCO TX HOUSING MARKET REPORTS

Real Estate is Local. It varies from cities to cities, areas to areas and communities to communities. Furthermore, it varies price ranges within the neighborhood too.

Just like weather forecast is local. Here in Frisco Texas, you would not watch the weather forecast in New York or Atlanta to determine how your day would be.

Find out more about how your community or your area within your price range does. We are here to provide you the most accurate information because we believe information is power in negotiation of real estate transactions.

• Frisco TX JUNE 2010 Homes Sold Market Report
  Frisco TX sold 245 homes in June 2010. The numbers are similar to the same time last year. Find out the breakdown analysis and local commentary of the Frisco TX home market report.
  
• Frisco TX Homes Real Estate Market Report for 1st Quarter 2010
  Frisco TX sold 409 homes in 1st Quarter 2010. When compared to the same time last year (2009), Frisco TX numbers are down 14%. Read the Frisco TX Homes Sold Market Report for an insight to how Frisco TX homes performed in the housing market arena. The real estate market does look more promising. The foreclosure and short sale inventories are inching upwards.
  
• Frisco TX Homes Real Estate Market Report for Year 2009
  Frisco TX sold 2,335 homes for 2009. Total real estate value is over $680 Million. The average sales price per square feet is $92/sq.ft. The $200K-$300K price group is the top seller (at 37% of total sales), then followed by the $100K-$200K (at 16%). It took Frisco TX homes 81 days to sell (average days on market). Read more about the Frisco TX Year 2009 Real Estate Market Summary report.
  
  
• Plano TX Homes June 2010 Homes Sales Market Report
  
• Plano TX Homes Real Estate Market Report for 1st Quarter 2010
  
  
• Allen TX June 2010 Homes Sales Market Report
• Allen TX Homes Real Estate Market Report for 1st Quarter 2010
  
  
• McKinney TX May 2010 Housing Market Report
• McKinney TX April 2010 Homes Sold Market Report

More Local Market Reports You Must Know When Buying or Selling Frisco TX Homes.

MORE STORIES at FRISCO TX HOMES

 

• Zero Down Payment and Zero Closing Cost Affordability based loan program
  Better yet, no perfect credit is needed. It is an affordability-based loan program. Sounds too good to be true? Do not qualify it first. Find out if this loan program truly fits your housing needs.
  
  
• Frisco TX Down Payment & Closing Costs Assistance Programs
  The city of Frisco offers 2 housing initiatives to bring more residents to call Frisco TX home. One program assists anyone who want to live within the city of Frisco limits while the other is offered specifically for Frisco ISD and City of Frisco employees. There are some qualifications for the program. Find out what they are.
• What Every Seller Needs to know about Selling Their Homes in a Time Such as This
  Many industry changes that can affect the sale of your home. Understanding how it could affect you is essential to a happy closing in the end.
• Why Some For Sale By Owners FSBO Fail?
  Understanding why some For Sale By Owners (aka FSBOs) fail at their attempt of selling their homes may be crucial to understand where you can do better, or if it is something you want to attempt on your own. Even if you receive an offer, would you know what to do with it? Worse yet, you have now paid a Realtor(R) to represent your Buyer who knows how to structure a contract.
• Should I List My Home with a Large Brokerage Firm?
  This is a link to my blog where I asked other top producing real estate agents across the country what they truly think about listing versus getting your home sold when the size of the brokerage firm does not matter. Find out why they think that way.
  
• What Every Buyer Needs to know about Buying Real Estate in These Times
  Home purchase in these times are unlike any other times. Both positives and industry changes affect how we used to buy real estate. Understanding the "new" home process can save alot of heart aches in the end.
• Do you recommend using a Realtor(R) in your new home construction buying process?
  Buyers wonder if they can do "better" without a Realtor(R) in their new home buying transaction. In the end, they only care about the sales price they pay for. Read this article to understand a small glimpse into new home construction. Then, you decide if not having a Realtor(R), negotiating on your own and going through the construction process on your own is worth it.
  
• Can You Buy a Home on a Work Visa?
  This article clarifies what it constitutes for non-immigrant work visa status employees can expect when purchasing their homes. Yes, they are also qualified to receive the first time home buyer $8,000 federal housing tax credit.
  

 

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The lowest priced home sold for $105,000 in Stonebrook Estates - a 3-bedrooms, 2 1/2 bathrooms, built in 1987 at 1,200 square feet. It took the seller (bank-owned) 10 days to sell the property and the buyer paid cash. For the first time in several years, the lowest priced Frisco TX home sold over $100,000.

The highest priced Frisco TX home was sold in Starwood for $1.9 million - a 9,000 square-foot Frisco TX luxury home, 6-bedrooms, 7 1/2 bathrooms with 4-car garage, built in 2000. It took over a year (385 days) to sell. It was a custom Steve Roberts homes on a 3/4 acre creek lot with large trees on site and pool view from every room! Extensive mill work, gourmet kitchen and luxurious master suite.

The average home in Frisco TX is $304,386 (significantly higher than April and May 2010 data), a 3 bedrooms, 2 bathrooms, 3,100 square feet. The average price per square feet is $97/sq.ft. The average days on market to sell is 78 days.

The median sales price of Frisco TX homes is $270,500. This means half the homes sold in Frisco TX in June sold for less than $270,500 and half over $270,500. This median sales price is $25,000 higher than the previous month (May 2010).

 

Here is the snapshot of the homes sold in Frisco by PRICE RANGE for June 2010:

Price Range	No. of Homes Sold	Percentage of Homes Sold
Less than $100K	0	0%
$100K - $199,999	53	20%
$200K - $299,999	102	39%
$300K - $399,999	41	16%
$400K - $499,999	20	8%
$500K - $999,999	26	10%
$1 Million & up	3	2%

 

Current conditions of Frisco TX homes for sale market:

There are 1,071 homes for sale in Frisco TX. They range from $69,000 to $3.6 Million. The average is $412,989 at $117/square feet and 3,500 square feet, 4-bedrooms, 3-bathrooms and at an average 90 days on the market.

265 Frisco TX homes were under contract in June 2010. Based on the studies of the past 6 months in 2010 leading up to the end of the Frisco TX First Time Home Buyer and Repeat Buyer Tax Credits, the Tax Credit did what it was suppose to do only in April 2010 where buyers were given a second chance when the Tax Credit laws were extended. In April, Frisco TX saw a significant increase (almost 300%) from the previous year. It looks like those who wanted to make a decision to purchase by then did at that time.

So how is the Frisco TX market doing after June 30th - the Tax Credit Dateline ?

Buyers are still looking and buying. Contracts are still written every week but the Frisco TX home buyers are not as pressured to purchase a home by a certain dateline. They will buy it when they find it!

 

 

 

Find out more about living in Frisco TX.

What can you get for your money in Frisco TX?

Everything you need to set up Residency in Frisco TX

 

Check out Homes for Sale in Frisco TX:

 

Original Source: Frisco TX June 2010 Homes Sales Market Report

MORTGAGE CENTER

Daily Fixed Mortgage Rates   Mortgage Rate APR FHA 15-Year (1Pt) 4.250% 4.903% FHA 15-Year (0Pt) 4.500% 4.999% Conv 15-Year (1Pt) 4.250% 4.549% Conv 15-Year (0Pt) 4.375% 4.523% FHA 30-Year (1Pt) 4.875% 5.259% FHA 30-Year (0Pt) 5.125% 5.421% Conv 30-Year (1Pt) 4.750% 4.924% Conv 30-Year (0Pt) 5.000% 5.087%  *Subject to change without notice ● Understanding the new Good Faith Estimate - January 2010 ● How to compare Lenders & Good Faith Estimates ● Two Halves Makes a Full Loan Approval ● When to Lock In Rates ● Time Value of Money in Closing Costs

Mortgage Calculators Quick Payment Calculator Mortgage Payment with Amortization Household Budget Calculator Mortgage Qualification Calculator Interest Only Calculator Rent vs. Buy Calculator

RELOCATING TO GREATER FRISCO TX

Thinking about relocating to Frisco Texas? The northern suburbs, 25 miles north of the Dallas metroplex? People all over the country (East coasts, West coasts and all over) call Frisco Texas home because of all the great resources Frisco Texas has to offer.

Read through this section to find out more about relocating to the greater Frisco Texas areas.

 ● Considering relocating to Frisco Texas?

● Everything you need to set up residency in Frisco Texas

● Where Can You Buy For $150,000 in the greater Frisco Texas areas?
● Frisco Texas - Built for Family
● What Can You Get For Your Money in Frisco Texas?
● Frisco TX Weather - Just wait 5 minutes
●  A Tale of Two Cities: Frisco Texas and Frisco Colorado
● You Know You Are in Frisco Texas When

PERSONAL FINANCE

Yes, you can expect topics of personal finance on this real estate website. But why?

Frisco-tx-homes.com, 3:16 team REALTY also known as Loreena Yeo believes in Personal Financial Responsibilities. Blissful homeownership is a part of the personal financial responsibility.

● Change must happen from Inside-Out, Upside-Down
● Money-wise Advice for a Down Economy
● Credit is a Personal Financial Responsibility
● Unconventional Financial Advice for Newly Weds
● Stop Talking About Monthly Payments
● When Finance is More Than Head Knowledge
● Home as a Forced Savings

MARKETPLACE

Frisco-TX-Homes.com serves the greater Frisco TX home communities/ subdivisions.

• Starwood features Custom Luxury Homes for Sale in Frisco TX (Lebanon near Tollway)
• Premier Frisco TX custom homes in Chapel Creek (Parkwood/ Wade Blvd)
• Newman Village Frisco TX Homes for Sale (NW Eldorado/ Legacy)
• Frisco Lakes by Del Webb Frisco TX Homes for Sale (FM 423 between Stonebook and Lebanon)
• Plantation Resort Frisco TX Homes for Sale (Coit/ SH 121)
• Panther Creek Estates Frisco TX Homes For Sale (NE Hillcrest/ Eldorado)
• Dominion at Panther Creek (Village of Panther Creek (NW Hillcrest/ Eldorado)
• Heritage Lakes Frisco TX Homes For Sale (SW Lebanon/ Legacy)
• Winding Creek Estates Frisco TX Homes For Sale (NW Custer/ Eldorado)
• Queen's Gate Frisco TX Homes For Sale (NE Preston/ Rolater)
• Bella Casa Townhomes Frisco TX Homes For Sale (NW Tollway/ Lebanon)
• Villages of Stonelake Frisco TX Homes For Sale (SE Independence/ Eldorado)
• Crown Ridge Frisco TX Homes For Sale (NE Preston/ Panther Creek)
• Parkside Estates Frisco TX Homes For Sale (NW Coit/ College)
• Latera Frisco TX Homes For Sale (NE Preston/ Eldorado)
• Willow Pond Frisco TX Homes For Sale (NE Parkwood/ John Hickman)
• Lone Star Ranch Frisco TX Homes For Sale (Teel Parkway/ Lebanon)
• Hunters Creek Frisco TX Homes For Sale (Custer/ SH 121)
• A Day at Frisco Square (SE Tollway/ Main)
• Grayhawk Estates Frisco TX Homes For Sale (North side of Eldorado between Teel Pkwy & FM 423)