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Published November 11 2010 7:52 am

 

In October 2010, Frisco TX sold 144 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

June 2010 = 245 Frisco TX homes sold
July 2010 = 180 Frisco TX homes sold
August 2010 = 152 Frisco TX homes sold
September 2010 = 106 Frisco TX homes sold

 

  144 Frisco TX Homes Sold for $43,107,896 in October 2010 

(Source: NTREIS Innovia on November 11th 2010)

Frisco TX homes for saleThe lowest priced home sold for $78,000 in Kings Ridge near Preston and Rolater. It is a duplex with  3-bedrooms, 2 full bathrooms  1,200 square feet, built in 1984. It took the seller 20 days to sell the property. This is a bank-owned foreclosure property.

The highest priced Frisco TX home was sold in Starwood for $1.65 Million - a 7,500 square-foot Frisco TX luxury home, 5-bedrooms, 5 full bathrooms, 3 half bathrooms with 4-car garage, built in 2005 located on close to 1 acre lot size. It is a Bella Custom Home. It took approximately 604 days (1 year 8 months) to sell.

The average home in Frisco TX is $306,190. An average home in Frisco TX is a 4 bedrooms, 2 bathrooms, 3,200 square feet. The average price per square feet is $94/sq.ft. The average days on market to sell a home in Frisco TX is 93 days.

The median sales price of Frisco TX homes is $254,338. This means half the homes sold in Frisco TX in October sold for less than $254,338 and half over $254,338.

Some interesting facts about October 2009 and October 2010 sales numbers:

  October 2010 October 2009

% Change

Number of Transactions 144 189  - 24 %
Total Sales (Real Estate Value) $ 43,107,896 $ 56,448,537 - 24 %
Average Sold Price $ 299,360 $ 285,094 + 5 %
Median Sold Price $ 254,338 $ 244,750  + 4 %
Average Days on Market 93 88  - 5 %

 

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

  Price Range No. of Homes Sold Percentage of Homes Sold
  Less than $100K 1 1 %
  $100K - $199,999 39 27 %
  $200K - $299,999 53 37 %
  $300K - $399,999 32 22%
  $400K - $499,999 6 4 %
  $500K - $999,999 10 7 %
  $1 Million & up 3 2 %

 

 

Commentary of Frisco TX homes for sale market:

The numbers in October 2010 when compared to October 2009 fell 24% in both real estate value and number of transactions. However, the median sales and average sales prices are UP at least 4% (again, by far has the highest increase than any other month studied in 2010).

The Frisco TX home sale market is still selling. However, the sales price looks to shift favoring buyers more than sellers. Currently, approximately 175 homes in Frisco TX are under contract, pending sale in the future.

There are 1,008 homes for sale in Frisco TX. They range from a $69,000 Frisco TX townhome to a $4 Million Frisco TX luxury estate. The lowest priced single family home in Frisco TX is priced at $74,850 - an older Frisco TX home (3-bedroom, 1 1/2 bathrooms) built in 1960 in the Original Frisco TX neighborhood just off Preston/ Main Street. There are 49 homes for sale over $1 Million. The highest price home in Frisco is located in Villages of Stonebriar Park.

Absorption Rate: It takes approximately 30 weeks (7 1/2 months) to sell all Frisco TX home inventory at its present rate (October 2010).

 

Find out more about living in Frisco TX.

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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.
  


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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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