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Published April 27th 2011 6:43 am

 150 Frisco TX Homes Sold for $42,578,189 in 2011 

(Source: NTREIS Innovia on April 20th 2011)

The lowest priced home sold for $88,000 near Downtown Frisco TX. It is a single family home with 3-bedrooms, 1 bathroom 1,200 square feet, built in 1955. It took 33 days to sell.

The highest priced Frisco TX home was sold in Shaddock Creek Estates for $ 1 Million - a 5,500 square-foot 4-bedrooms, 4 full bathrooms, 2 half bathrooms English Manor estate home. This home was featured as one of the Parade of Homes several years ago. It took 8 days to sell.

The average home in Frisco TX is $ 283,855. An average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,000 square feet. The average price per square feet is $92/sq.ft. The average days on market to sell a home in Frisco TX is 105 days for March 2011, down from the previous year (March 2010) of 66 days.

The median sales price of Frisco TX homes is $242,000. This means half the homes sold in Frisco TX in March sold for less than $242,000 and half over $242,000.

Absorption Rate for March 2011 in Frisco TX is 27 weeks (6 3/4 months). When inventory levels are at 6 months, it is a neutral market, ie. it is not a buyer's neither is it a seller's market.

Some interesting facts about March 2010 and March 2011 Frisco TX home sales numbers:

  March 2011 March 2010

% Change

Number of Transactions 150 213  - 30 %
Total Sales (Real Estate Value) $ 42,578,189 $ 59,160,210 - 28 %
Average Sold Price $ 283,855 $ 277,747 + 2 %
Median Sold Price $ 240,000 $ 248,000  - 3 %
Average Days on Market 79 80 Negligible

 

Current Frisco TX Homes Sales Market Activity:

There are 937 homes available for sale in Frisco TX (as of 4/20/2011). They range from $50,000 (an older home built in 1950s, on a short-sale in Downtown Frisco TX). The highest priced property is listed at $ 4.2 Million in Stonebriar Creek. There are 54 listings over $ 1 Million in Frisco TX, 6 more Million Dollar Frisco TX luxury home estates to select from.

205 Frisco TX homes are currently under contract on the market in March 2011.

In the month of March through June 2011, there is an expectation of mis-guided market statistics due to the same time last year (Frisco TX homes sales market report for March 2010), many first time home buyers were trying to purchase their Frisco TX homes before June 30th 2010 with the added bonus of the First Time home buyer Tax Credit of $8,000 offered by the federal government to stimulate the housing market. Stimulate it did, but it will also skew the Frisco TX homes sales market from March through about September/ October.

 

 

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This information is provided to you by 3:16 team REALTY with a commitment to support the Frisco TX community.

3:16 team REALTY is a locally-owned Frisco TX real estate brokerage that serves buyers and sellers in and around the Frisco TX areas.

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper & North Dallas area communities.


3:16 team REALTY - Loreena Yeo, Realtor® in Frisco TX
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This is the Original Source: Frisco TX Real Estate Homes Sales Market Report for March 2011

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

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CLIENT TESTIMONIALS

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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