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Published September 22 2010 3:47 pm

In the August 2010, McKinney TX sold 179 homes for $40,485,986. These includes single-family homes, townhomes and duplexes in the City of McKinney TX.

January 2010 = 60 McKinney TX homes sold
February 2010 = 75 McKinney TX homes sold
March 2010 = 105 McKinney TX homes sold
April 2010 = 210 McKinney TX homes sold
May 2010 = 198 McKinney TX homes sold

 

   179 McKinney TX homes sold for $40,485,986 in August 2010  

(Source: NTREIS September 14 2010)

When compared to the same time last year (2009), McKinney TX sold 264 homes. It is DOWN 37 % from the previous year.

McKinney TX Homes for SaleThe lowest priced home sold for $47,000 in East McKinney TX 75069. This was an older property (built in 1970) with 3-bedrooms and 1 bathroom. It took 7 days to sell. It is a bank-owned property.

The highest priced home was sold in Kings Lake for $700,000 - a beautiful Mediterranean villa, 4,600 square-foot home, 4-bedrooms, 5 full bathrooms and 2 half bathroom with 3-car garage. It took 75 days to sell.

The average home in McKinney TX is $226,179, a 3 bedrooms, 2 bathrooms, 2,700 square feet. The average price per square feet is $83/sq.ft. The average days on market to sell is 68 days.

The median home sales price in McKinney TX is $194,900, which means half of the homes sold in McKinney TX for the August 2010 sold for less than $194,900 and half of the 179 homes sold for more than $194,900.

  2009 2010  % Change
No. of Transactions 264 179 - 32 %
Total Real Estate Value $ 55,928,799 $ 40,485,986 - 28 %
Avg. Sales Price $ 211,852 $ 226,179 + 7 %
Avg. Price per Sq.Ft. $ 82 $ 83 + 1%
Avg. Median Price $ 175,250 $ 194,900 + 11%
Avg. Days on Market 65 68 + 5%

Here is the snapshot of the homes sold in McKinney by PRICE RANGE for August 2010:

  Price Range No. of Homes Sold Percentage of Homes Sold
  Less than $100K 3 2 %
  $100K - $199,999 94 53 %
  $200K - $299,999 49 27 %
  $300K - $399,999 18 10 %
  $400K - $499,999 10 6 %
  $500K - $999,999 5 3 %
  $1 Million & up 0 0 %

 

Current conditions of McKinney TX homes for sale market:

There are 958 homes for sale in McKinney TX. They range from an older, fixer-upper single family home at $39,900 bank-owned property. Its price reflects that it needs work in the house in order to bring it up to minimum habitable conditions to a one-of-a-kind property on 15-acre, 3,300 square feet with tennis court, swimming pool, outbuildings, and even a pond with custom rock work and picnic area for almost $3 Million in Searcy Leonard.

McKinney TX had 166 homes under contract for August 2010.

With its current inventory, Plano TX sits on a 23-week (6-month) inventory, which means based on August's current rate of selling homes in Plano TX, it will take 6 months to clear out all its current inventory.

The SOLD market data may seem fairly biased because it only reports the properties that sold. The "lowest" end property sold in 7 days while the "most expansive" home sold in 70 days. It is a fairly healthy real estate market only for However, there are many more homes in between these price ranges that never sold. It is key to price your property correctly so you can sell it and move on.

 

 

Check out Homes for Sale in McKinney TX:

 

 

 

 

 

 

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Loreena Yeo
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Copyright © 2010 by Loreena Yeo (3:16 team REALTY)
Originally Posted on McKinney TX August 2010 Homes Sold Market Report

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