Home > Local Real Estate Markets > Allen TX October 2009 Housing Market Report

Allen TX reported 129 home sales for the month of October 2009. These numbers include single-family homes, condos, duplexes and townhomes. Allen TX saw a significant improvement over the same time last year (a whopping 27% increase in existing home sales). The time the houses stay on the market is approximately 10 days shorter.

* Note: The data below is considered accurate for all real estate in Allen TX encompassing MLS areas 51 (city of Allen with Allen ISD) and 52 (city of Allen with Lovejoy ISD) on the local NTREIS MLS data.

January: 65 Allen TX homes SOLD
February: 71 Allen TX homes SOLD
March: 107 Allen TX homes SOLD
April: 116 Allen TX homes SOLD
May: 102 Allen TX homes SOLD
June: 165 Allen TX homes SOLD
July:  132 Allen TX homes SOLD
August: 123 Allen TX homes SOLD
September: 131 Allen TX homes SOLD

October 2009: 129 Allen TX sold homes
for  $27,864,492
 

The average home in Allen Texas is 4-bedrooms, 3 bathrooms, just over 2,500 square feet and sold for $216,000 in 76 days on the market.

The lowest priced home sold for $69,500 (2-bedrooms, 2-bathroom property, 1,000 square feet) in East Allen TX 75002. It is HUD home. It took 51 days to sell.

The most expensive priced home sold for $637,000 (6-bedroom, 6 bathrooms, almost 5,000 square feet) in Twin Creeks - Lexington Allen TX 75013. It is a custom Sanders built custom home located with a backyard that overlooks the 15th hold on the golf course. It took 473 days to sell.
 

It is important to study the days on market for the homes sold. As a buyer, you will understand the "limits" of your negotiation power in general and as a seller, it is important to know the pricing correctly gives you the greatest chance to sell your home.

Comparison:

The breakdown of the price ranges are as follows:
DOM is number of days the house is on the market.

Less than $100,000:
SOLD = 9 homes (86 days on market, $63/sq.ft.)
Under Contract = 5 homes; DOM = 63 days
AVAILABLE = 11 Homes; DOM = 95 days

$100,001 - $200,000:
SOLD = 56 homes (70 days on market, $82/sq.ft.)
Under Contract = 62 homes; DOM = 67 days
AVAILABLE = 90 Homes DOM = 90 days

$200,001 - $300,000:
SOLD = 44 homes (81 days on market, $84/sq.ft.)
Under Contract = 11 homes; DOM = 102 days
AVAILABLE = 64 Homes DOM = 104 days

$300,001 - $400,000:
SOLD = 14 homes (75 days on market, $94/sq.ft.)
Under Contract = 13 homes; DOM = 108
AVAILABLE = 55 Homes DOM = 119 days

$400,001 - $500,000:
SOLD = 6 homes (100 days on market, $113/sq.ft.)
Under Contract = 8 homes; DOM = 72 days
AVAILABLE = 38 Homes DOM = 120 days

$500,001 - $600,000:
SOLD = None
Under Contract = 2 homes; DOM = 103 days
AVAILABLE = 11 Homes DOM = 124 days

$600,001 - $700,000:
SOLD = 1 home (10 days on market, $133/sq.ft.)
Under Contract = 2 homes; DOM = 120 days
AVAILABLE = 8 Homes DOM = 150 days

$700,001 - $800,000:
SOLD = None
Under Contract = NONE
AVAILABLE = 8 Homes DOM = 118 days

$800,001 - $900,000:
SOLD = None
Under Contract = 1 home; DOM = 97
AVAILABLE = 1 Home DOM = 119 days

$900,001 - $1,000,000:
SOLD = None
Under Contract = None
AVAILABLE = 2 Homes; DOM = 116 days

Over $1 Million:
SOLD = None
Under Contract = None
AVAILABLE = 6 Homes; DOM = 208 days

Real Estate Commentaries based on the above market data:

Currently, Allen TX has 386 homes available for sale. The biggest market movers are the $100K - $200K price group, then followed by $200K - $300K group. The higher price ranges are staying on the market longer. Hence, that is the type of market to expect from such price ranges.

The Allen TX home market inventory levels are similar to previous months.  The inventory levels are stable and nothing out of the ordinary. Based on the current sold and inventory level, it will take approximately 13 weeks (over 3 months) to clear all the current inventory.

It is our goal to empower you to become a more educated real estate consumer, especially in the Allen TX Home communities. Information is power in real estate in negotiations.

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