FRISCO TX HOMES COVER STORY
Frisco TX 1st Quarter 2013 Real Estate Homes Market Sales Report
|$||$ 47,678,360||$ 56,382,016||$ 88,089,025|
|Average Days on Market||48||29||21|
|Average Sales Price||$ 296,139||$ 331,659||$ 319,163|
|Average $/Square Feet||$ 96||$ 103||$ 102|
|Median Sales Price||$ 263,500||$ 285,000||$ 282,600|
|Inventory Supply (Weeks)||26.4||25.6||18.9|
|% Change from Last Year (# Transactions)||17.4%||23.5%||18.8%|
|% Change from Last Year ($)||5.8%||25.1%||25.5%|
|% Change from Last Year (Avg. DOM)||87.5%||193.1%||252.4%|
Frisco Independent School District - ISD Exemplary Rating, Frisco TX homes & real estate
The Frisco ISD is an EXEMPLARY school district. What does that mean? And how does this affect Frisco TX homes and real estate? Check out how Frisco ISD compares to other surrounding school district.
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Frisco TX Real Estate Market Reports
Check out the latest real estate market reports for Frisco and surrounding cities. Curious about your upcoming real estate housing plans? A well-informed consumer fairs a better chance for higher real estate success.
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.
The Frisco TX homes sales real estate market have turned into a seller's market. It has shown steady increases over the past few quarters (in 2011 and 2012) but nothing quite like the 1st Quarter of 2013. The summary in the table above is just amazing. Here in Frisco TX, we have been awaiting such market momentum for a long time.
Homes in Frisco TX with good condition sell within days, often with multiple offers. Agents and buyers have been frantically making phone calls making sure the properties are still available for sale prior to viewing these Frisco TX homes. It is important if you are a potential home buyer in Frisco TX (and surrounding cities), you need to contact your local Frisco TX Realtor® to minimize your frustration in this home buying process.
The 1st Quarter 2013 shown stellar results in comparison to years past (2011 and 2012) - an increase of almost 20% in Q1 in 2013 than 2012 in number of transactions and dollar volume. The sales price per square feet increase 2.3% (average at $98/sf in 2012 to $100/sf in 2013 of the 1st Quarter). At the same time, the average Days on Market improved an astounding 154%, ie. homes stayed on the market for about 83 days during the 1st Quarter, now have been selling in 32.7 days.
About 1,000 people move to Frisco TX every month. During the 1st Quarter of 2012, there were between 1,000 - 1,200 homes available for sale in Frisco TX (from the lowest priced to the most expensive). In Q1 of 2013, there were about 600 - 620 homes for sale. This phenomenon creates a shortage of homes in Frisco TX, including new home builder inventories. They too, cannot keep inventory on hand. Not only is Frisco TX a relocation destination for many all over the country, it also continues to be the place current homeowners want to upsize (to buy a bigger home) or to downsize (buy a smaller home).
The Frisco TX real estate homes market also face appraisal issues this 1st Quarter, similar to the same time last year. To the appraiser, it does not matter that borrower and the contract placed in front of him/ her were the winning contract among 5 or 8 multiple offers. The appraiser only looks at the transaction. S/He also looks back at the 6 month's SOLD data to provide a fair market value. However, if you look back at historical data of the past 6 months, there will be appraisal issues along the way with a real estate market headed on the rise. For the benefit of the appraisal, it will disclose that the neighborhood is stable or increasing (but it would not state by "what").
Frisco TX continues to offer great affordability in the marketplace, along with it being the "greenest" city to build a home in America, Frisco is the top choice for many. Frisco Independent School District ISD is rated an Exemplary school district in Texas.
Attached are the graphs to indicate the market conditions Frisco TX homes are in. It is a good prediction that the summer and busiest real estate season will sizzle. The sooner you begin your process, the better your chances are to purchase a home in the early stages in the Frisco TX seller's market.Note: FHA mortgage lending requirements are changing again for files written after June 1st 2013. Check with your lender about how this may impact your home purchase.
Originally Posted in Frisco TX 3rd Quarter 2012 Real Estate Homes Sales Market Report
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.
● 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
Yes, you can expect topics of personal finance on this real estate website. But why?
Frisco-TX-homes.com, 3:16 team REALTY 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
Frisco-TX-Homes.com serves the greater Frisco TX home communities/ subdivisions.
|A 16-month Short Sale Home Selling Process|
|Wed, 08 May 2013 11:42:31 +0000|
|After a long 16-months short sale home selling process with BOA (1st lien holder) and GMAC (2nd lien holder), I finally closed out on what would be my last short sale listing. It was such a draining process. It was difficult from ALL directions. 2 lien ho ... [Read More]|
|Frisco TX 1st Quarter 2013 Homes Sales Real Estate Market Report|
|Thu, 02 May 2013 21:26:05 +0000|
|2013 January February March # Transactions 161 170 276 $ $ 47,678,360 $ 56,382,016 $ 88,089,025 Average Days on Market 48 29 21 Average Sales Price $ 296,139 $ 331,659 $ 319,163 Average $/Square Feet $ 96 $ 103 $ 102 Median Sales Price $ 263,500 $ 285,000 ... [Read More]|
|Frisco ISD Kindergarten Round-Up April 8-12 for 2013-2014|
|Sat, 30 Mar 2013 00:20:44 +0000|
|Frisco Independent School District ISD Monday April 8th – Friday April 12th for 2013-2014 Kindergarten Round-Up 9am – 2pm Extended Hours: Tuesday April 9th until 7pm Kindergarten Round-up is a pre-registration session for upcoming Kindergarten ... [Read More]|
Loreena Yeo - Realtor(R) in Frisco TX | Broker
3:16 team REALTY
Loreena Yeo is the broker of record of
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