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Panther Creek Estates located in North Frisco Texas have continued to sell strongly despite the market conditions. Foreclosures in the neighborhood continue to encourage sales. Below is the 5-month home sales report at Panther Creek Estates - Frisco:

April 2009 is a good judgement of the market activity with the "higher" than average sales report. The 4 homes sold in April were generally in the smaller square footage, hence skewing the typical average sales price.

A "typical" SOLD home at Panther Creek Estates Frisco is 5 bedroom, 4 bath, over 3,300 square feet.

SPanther Creek Estates - Frisco TX Homes for SaleOLD PANTHER CREEK ESTATES MARKET DATA:
May - 5 homes (Avg. Sold $66/sq.ft. at 77 days on the market)
April - 4 homes (Avg. Sold $79/sq.ft. at 67 days on the market)
March - 11 homes (Avg. Sold $67/sq.ft. at 83 days on the market)
February - 13 homes (Avg. Sold $59/sq.ft. at 77 days on the market)
January - 10 homes (Avg. Sold $63/sq.ft. at 72 days on the market)
Total Real Estate Value = $9,230,830 (Sold 43 homes)

CURRENT AVAILABLE INVENTORY:

At the time of this publication (early June 2009), Panther Creek Estates have 24 homes for sale. They range from $157,500 to $390,000. The smallest house is a 3-bedroom, 2 bath, 1,800 square feet to over 5 bedrooms, 4 1/2 baths and over 4,600 square feet.

PENDING & UNDER CONTRACT:

10 homes are under contract at Panther Creek Estates at this time. A majority of these homes went into contract after mid-May 2009. It typically takes approximately 30-45 days to close out on these sales.

 

Panther Creek Estates Frisco TX Homes For Sale Market Commentary:

A majority of sales in the Panther Creek Estates have been sold by banks who acquired them through the foreclosure process by failed real estate investors or home builders. Many of these homes are over 3,500 square feet, with open two-story family rooms, 5-bedrooms, 4 bath homes. These type floorplans have been selling well in the 4th Quarter of 2008 and 1st Quarter of 2009. Hence, you see the strong numbers iMap to Panther Creek Estates - Friscon January through March.

Directions:
From SH 121, head north on Preston Road until Eldorado Parkway. Turn east (right) until Hillcrest. Panther Creek Estates is located on the northeast corner of Eldorado and Hillcrest.


 

Think about selling your Frisco TX Home? Or refinancing your home? Read about how the market values affected the mortgage refinancing in the area

 

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DAILY FIXED MORTGAGE RATES
Mortgage Rate APR
FHA 15-Year (1Pt) 4.375% 4.676%
FHA 15-Year (0Pt) 4.625% 4.775%
Conv 15-Year (1Pt) 4.375% 4.625%
Conv 15-Year (0Pt) 5.00% 5.147%
FHA 30-Year (1Pt) 4.875% 5.051%
FHA 30-Year (0Pt) 5.125% 5.214%
Conv 30-Year (1Pt) 4.75% 4.932%
Conv 30-Year (0Pt) 5.125% 5.211%

*Rates subject to change without notice

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