When compared to last year, Frisco TX sold 653 homes in the same period in 2008. The sales number are down 5% for 3rd Quarter comparisons. In 2008, 1,884 Frisco TX homes sold from January through September. The numbers are down 12% to date.
Real Estate Commentaries based on the above market data: The average price per square feet sold are lower in the less busy months and peak in August as our normal Frisco TX real estate trends indicate. Currently, Frisco TX has 949 homes available for sale. The lowest priced property is a townhome off Hickory Street, priced at $47,700 (a 2-bedroom and 1 1/2 bathrooms). The most expensive home is a custom built home by Chapman Builders at Villages of Stonebriar Park for $5.4 Million (over 10,000 square feet). 245 homes are under contract. The absorption rate (ie time it takes for all the current inventory to sell in its current rate) is approximately 23 weeks (almost 6 months). This means if there are no additional inventory that comes on the market, it takes approximately 23 weeks or 6 months to sell all of its current inventory.
Also, there is a possibility that you may be receiving differing numbers you found here and another site. Note that Frisco as recorded by the local MLS is tracked by Frisco school district (MLS 55). However, the information MLS 55 may include Plano and Little Elm. That is most likely the difference. The information within Frisco is deemed correct for single-family homes, condos, duplexes and townhomes.
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August 2009 Frisco TX Homes Market Report.
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The lowest priced home sold for $116,500 (2-bedroom, 2-bathroom
property, 1,472 square feet) in Stonebrook Frisco. It took 35 days to
sell this house.
