Home > Local Real Estate Markets > Frisco TX July 2009 Home Market Report

The Frisco TX July 2009 Home Sales market reports a whopping 242 homes sold. These numbers include single-family homes, condos, duplexes and townhomes. Please use  It is our goal to empower you to become a more educated real estate consumer, especially in the Frisco TX Home communities as we provide you these home market statistics. Remember, information is power in real estate in negotiations.

January: 101 Frisco TX homes SOLD
February: 160 Frisco TX homes SOLD
March: 186 Frisco TX homes SOLD
April: 192 Frisco TX homes SOLD
May: 181 Frisco TX homes SOLD
June: 216 Frisco TX homes SOLD 

July 2009: 242 Frisco TX sold homes
for $67,585,665
 

The lowest priced home sold for $83,000 (3-bedroom, 1-bathroom property, 1,344 square feet) in Historic Downtown Frisco. It is an older home, built in 1940.
 

The most expensive priced home sold for $1,151,000 (6-bedroom, 6 bathrooms, over 6,300 square feet) at Starwood Frisco. It is a Bob Bobbitt Mediterranean 2002 Parade of Homes. This home is majestic and fabulous with features to include hand-scraped wood floors, gourmet kitchen, outdoor living, swimming pool, 4 fireplaces, 4 living areas and 4 dining areas and 3-car garages. It was on the market for 67 days.
 

The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $279,280 in 78 days on the market.

I think it's 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.

To date, 1,036 homes sold in Frisco Texas. When compared to last year, Frisco TX sold 1,269 homes for the same period in 2008. The numbers are down 18%.

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 = 1 home
Under Contract = 1 home; DOM = 68 days
AVAILABLE = 4 Homes; DOM = 23

$100,001 - $200,000:
SOLD = 78 homes (58 days on market, $87/sq.ft.)
Under Contract = 80 homes; DOM = 67 days
AVAILABLE = 177 Homes DOM = 76 days

$200,001 - $300,000:
SOLD = 91 homes (73 days on market, $82/sq.ft.)
Under Contract = 91 homes; DOM = 77 days
AVAILABLE = 293 Homes DOM = 82 days

$300,001 - $400,000:
SOLD = 36 homes (87 days on market, $93/sq.ft.)
Under Contract = 45 homes; DOM = 134
AVAILABLE = 200 Homes DOM = 85 days

$400,001 - $500,000:
SOLD = 16 homes (54 days on market, $103/sq.ft.)
Under Contract = 23 homes; DOM = 75 days
AVAILABLE = 110 Homes DOM = 94 days

$500,001 - $600,000:
SOLD = 10 homes (211 days on market, $117/sq.ft.)
Under Contract = 9 homes; DOM = 121 days
AVAILABLE = 65 Homes DOM = 65 days

$600,001 - $700,000:
SOLD = 4 homes (130 days on market, $132/sq.ft.)
Under Contract = 5 homes; DOM = 162 days
AVAILABLE = 49 Homes DOM = 120 days

$700,001 - $800,000:
SOLD = 1 home (15 days on market, $135/sq.ft.)
Under Contract = 2 homes; DOM = 276 days
AVAILABLE = 33 Homes DOM = 140 days

$800,001 - $900,000:
SOLD = None
Under Contract = NONE
AVAILABLE = 31 Homes DOM = 132 days

$900,001 - $1,000,000:
SOLD = 1 home (511 days on market, $152/sq.ft.)
Under Contract = 1 home; DOM = 273
AVAILABLE = 19 Homes DOM = 135 days

Over $1 Million:
SOLD = 3 homes (71 days on market, $184/sq.ft.)
Under Contract = 2 homes; DOM = 15 days
AVAILABLE = 71 Homes; DOM = 186 days

Real Estate Commentaries based on the above market data:

Currently, Frisco TX has 1,052 homes available for purchase. The biggest market movers are the $200K - $300K price group, then followed by $100K - $200K group. The biggest improvement is seen in the $300K - $400K group. The SOLD homes are staying shorter on the market. There are several reasons for that:

• Sellers are more realistic about what their true home values are
• Sellers are pricing it closer to market expectations.

Most home sales in Frisco TX are by "regular" home sellers. Short sales and bank foreclosed homes serve a smaller percentage than the "regular" home sellers. A larger percentage of homes are sold less than 30 days in July compared to previous months. It is a good sign that the Frisco TX real estate market is moving in the positive direction.

The Frisco TX home market inventory levels are similar to previous months. In the lower price brackets, the inventory levels are lower and in the higher price brackets, because they are not selling as fast, the inventory level remain the same.

When comparing the July sold home market data, Frisco TX sold 277 homes in 2008 (Down 13% in number of transactions and down 21% in real estate value).

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.

Read comprehensive June 2009 Frisco TX Homes Market Report.
Read comprehensive May 2009 Frisco TX Homes Market Report.
Read comprehensive April 2009 Frisco TX Homes Market Report.
Read detailed 1st Quarter Frisco TX homes market report at 1st Quarter 2009 Frisco TX Homes Market Report.

 

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Related Articles:

• Frisco TX June 2009 Housing Report
• Frisco TX Homes for Sale - May 2009 Housing Market Report
• Frisco TX Homes for Sale - April 2009 Housing Market Report
• 1st Quarter 2009 Frisco TX Residential Housing Report
• New Homes in Frisco TX - Early 2009 Outlook