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Published November 12 2010 4:22 pm

In the October 2010, McKinney TX sold 160 homes for $34,177,640. These includes single-family homes, townhomes and duplexes in the City of McKinney TX. MLS Areas = 53, 55, 51.

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

August 2010 = 179 McKinney TX homes sold
September 2010 = 176 McKinney TX homes sold
 

   160 McKinney TX homes sold for $ 34,177,640 in October 2010  

(Source: NTREIS November 12 2010)

When compared to the same time last year (2009), McKinney TX sold 245 homes. It is DOWN 35 % from the previous year.

The lowest priced home sold for $45,900 in East McKinney TX 75069. This property was built in 1985) with 3-bedrooms and 2-bathrooms. It took 7 days to sell. It is a bank-owned property.

The highest priced home was sold in Bluffs Winding Creek for $725,000 - a beautiful 2006 Parade of Homes George Fuller custom home located near Hardin and Virginia Parkway. This home spans over 5,000 square-foot home with 4-bedrooms, 4 full bathrooms and 2 half bathroom with a 3-car garage. It is over 1/2 acre professionally landscaped with heater pool and waterfall, gourmet kitchen and exquisite interior finishing.

The average home in McKinney TX is $213,610, a 3 bedrooms, 2 bathrooms, 2,700 square feet. The average price per square feet is $84/sq.ft. The average days on market to sell is 81 days.

The median home sales price in McKinney TX is $170,450, which means half of the homes sold in McKinney TX for the October 2010 sold for less than $170,450 and half of the 160 homes sold for more than $170,450.

  2010 2009  % Change
No. of Transactions 160 245 - 35 %
Total Real Estate Value $ 34,177,640 $ 49,366,197 - 31 %
Avg. Sales Price $ 213,610 $ 201,495 + 6 %
Avg. Price per Sq.Ft. $ 81 $ 84 + 4 %
Avg. Median Price $ 167,500 $ 172,500 + 3 %
Avg. Days on Market 81 78 - 4 %

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

  Price Range No. of Homes Sold Percentage of Homes Sold
  Less than $100K 8 5 %
  $100K - $199,999 91 57 %
  $200K - $299,999 30 19 %
  $300K - $399,999 19 12 %
  $400K - $499,999 5 3 %
  $500K - $999,999 7 4 %
  $1 Million & up 0 0 %

 

Current conditions of McKinney TX homes for sale market:

There are 1,003 homes for sale in McKinney TX. They range from an older, fixer-upper single family home at $25,000 a pre-foreclosure/ short sale property. Its price reflects that it needs some work. The highest priced home is located at Searcy Leonard - a one-of-a-kind rare find that sits on 15-acres which includes a custom horse barn. There are currently 15 listings in the Luxury McKinney Homes - Million Dollar range ($1 Million and up).

McKinney TX had 173 homes under contract for October 2010.

With its current inventory, Plano TX sits on a 27-week (6 3/4-month) inventory, which means based on October's current rate of selling homes in McKinney TX, it will take over 6 months to sell out all its current inventory.

 

 

Check out Homes for Sale in McKinney 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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Content Copyright © 2010 by Loreena Yeo (3:16 team REALTY)
Originally Posted on McKinney TX October 2010 Homes Sales Market Report

 

 

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