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Published September 13 2010 3:42 pm

 

In the August 2010, Plano TX sold 206 homes for $51,912,264. These includes single-family homes, condominiums, townhomes and duplexes in the City of Plano TX. MLS areas = 20, 55, 51.

January 2010 = 101 Plano TX homes sold
February 2010 = 172 Plano TX homes sold
March 2010 = 229 Plano TX homes sold

April 2010 = 264 Plano TX homes sold
May 2010 = 235 Plano TX homes sold
June 2010 = 270 Plano TX homes sold

July 2010 = 234 Plano TX homes sold
 

 206 Plano TX Homes for $51,912,264 in August 2010

(Source: NTREIS Innovia September 11 2010)

When compared to the same time last year (2009), Plano TX sold 294 homes. It is DOWN 30% from the previous year (in number of transactions). Although the number of transactions is down, the average sales price and price per square foot of Plano TX homes are higher in August 2010.

  2009 2010  % Change
No. of Transactions 294 206 - 30 %
Total Real Estate Value $71,222,242 $ 51,912,264 - 27 %
Avg. Sales Price $ 241,639 $ 252,001 + 4%
Avg. Price per Sq.Ft. $ 93 $ 94 + 1%
Avg. Median Price $ 201,500 $ 215,000 + 7%
Avg. Days on Market 62 67 + 8%

The lowest priced home sold for $53,000 in Plano TX 75074. This was a bank foreclosure (HUD) single family home in East Plano, 1,100 square-foot home, 2-bedrooms, 1 1/2 bathroom - a fixer-upper, older property (built 1962). It took 6 days to sell.

The highest priced home was sold in Lakeside at Preston for $ 1.85 Million - a 6,300 square-foot home, 5-bedrooms, 5 full bathrooms and 3 half bathrooms with 3-car garage located on almost 1 acre on a cul-de-sac. It took 163 days to sell.

 

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

  Price Range No. of Homes Sold Percentage of Homes Sold
  Less than $100K 12 6 %
  $100K - $199,999 79 38 %
  $200K - $299,999 65 32 %
  $300K - $399,999 27 13 %
  $400K - $499,999 11 5 %
  $500K - $999,999 11 5 %
  $1 Million & up 1 0 %

 

 

 

Current conditions of Plano TX homes for sale market:

There are 1,345 homes for sale in Plano TX. They range from an older fixer-upper 2-bedroom, 1-bathroom home built in 1938 at $49,900 in East Plano TX 75074 to a Mediterranean estate on 3-acres, 12,000 square-foot estate located adjacent to a creek for almost $4.8 Million at Willow Bend Country. There are currently 60 homes over $1 Million for sale in Plano TX.

With its current inventory, Plano TX sits on a 28-week (7-month) inventory, which means based on August's current rate of selling homes in Plano TX, it will take 7 months to clear out all its current inventory.

There are 216 Plano TX homes currently under contract, pending sale in the near future. The SOLD market data may seem fairly biased because it only reports the properties that sold. The "lowest" end property sold in 6 days while the "most expansive" home sold in 163 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 Plano TX:

 

 

 

 

 

 

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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