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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.


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

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  • 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
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  • 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.
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    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.
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Continue from above ...

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

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

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