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

Frisco TX reported 163 homes sold in November 2009. These numbers include single-family homes, condos, duplexes and townhomes. To date, Frisco TX sold 2,148 homes.

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: 242 Frisco TX homes SOLD 
August: 206 Frisco TX homes SOLD
September: 200 Frisco TX homes SOLD
October: 162 Frisco TX homes SOLD
 

November 2009 Frisco TX Homes
163 homes for  $41,820,889
 

November 2009 Frisco TX Home Market Summary Report:

The November 2009 numbers turned out significantly better than the November 2008 numbers. 20% improvement from the year before. It also took less time for these properties to get under contract. The biggest improvement was felt in the mid-tier pricing (between $400-$700,000). More properties SOLD or went under contract in November compared to any other times this year. The next largest improvement was in the starter-properties (less than $300K). The Frisco TX luxury homes (over $700K) saw little to no improvements overall.

The market absorption rate in November was 23 weeks - just under 6 months. Market absorption is how much inventory is out here based on the current rate of homes sold in the Frisco TX area. The rate indicates a NEUTRAL Market; not a buyer's neither is it a seller's market.

The lowest priced home sold for $105,000 (2-bedroom, 2-bathroom property, 1,333 square feet) in Hickory Hills - duplex. The 2-sides of this duplex was owned and sold It took 82 days to sell this house.

The most expensive priced home sold for $899,900 (5-bedroom, 6 bathrooms, almost 4,400 square feet) at Stonebriar Country Club Frisco. It is an exquisite Mediterranean custom home built by Parthenon Home Builder based in Frisco TX. It took 551 days to sell.

The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just under 3,000 square feet and sold for $258,154 in 89 days on the market.

Currently, Frisco TX has 860 homes available for purchase. The lowest priced property is a townhome off Hickory Street, priced at $52,900 (a 2-bedroom and 1 1/2 bathrooms). The most expensive home is a Mediterranean estate in Stonebriar Country Club Estates for just under $2 million (over 7,800 square feet).

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.

These numbers were generated from the Local MLS NTREIS board for November 2009:

Comparison:

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, McKinney and Little Elm. That is most likely the difference. The information within Frisco is deemed correct for single-family homes, condos, duplexes and townhomes.

In-depth Analysis for the Real Estate Numbers: The breakdown of the price ranges are as follows for Frisco TX homes:
DOM is number of days the house is on the market.

Less than $100,000:
SOLD = NONE
Under Contract = 1 home; DOM = 107 days
AVAILABLE = 2 Homes; DOM = 56 days

$100,001 - $200,000:
SOLD = 66 homes (74 days on market, $88/sq.ft.)
Under Contract = 73 homes; DOM = 84 days
AVAILABLE = 107 Homes; DOM = 84 days

$200,001 - $300,000:
SOLD = 59 homes (80 days on market, $81/sq.ft.)
Under Contract = 63 homes; DOM = 87 days
AVAILABLE = 225 Homes; DOM = 98 days

$300,001 - $400,000:
SOLD = 21 homes (100 days on market, $91/sq.ft.)
Under Contract = 30 homes; DOM = 115
AVAILABLE = 150 Homes; DOM = 173 days 

$400,001 - $500,000:
SOLD = 5 homes (141 days on market, $93/sq.ft.)
Under Contract = 13 homes; DOM =94 days
AVAILABLE = 93 Homes; DOM = 173 days

$500,001 - $600,000:
SOLD = 7 homes (148 days on market, $112/sq.ft.)
Under Contract = 8 homes; DOM = 226 days
AVAILABLE = 127 Homes; DOM = 127 days

$600,001 - $700,000:
SOLD = 2 homes (139 days on market, $127/sq.ft.)
Under Contract = 3 homes; DOM = 60 days
AVAILABLE = 30 Homes; DOM = 186 days

$700,001 - $800,000:
SOLD = NONE
Under Contract = 3 homes; DOM = 104 days
AVAILABLE = 30 Homes; DOM = 166 days

$800,001 - $900,000:
SOLD = 2 homes (368 days on market, $166/sq.ft.)
Under Contract = 1 home; DOM = 133 days
AVAILABLE = 23 Homes; DOM = 165 days 

$900,001 - $1,000,000:
SOLD = NONE
Under Contract = None
AVAILABLE = 15 Homes; DOM = 168 days

Over $1 Million:
SOLD = NONE
Under Contract = 1 home; DOM = 133 day
AVAILABLE = 48 Homes; DOM = 251 days

Read comprehensive Frisco TX Homes Market Report:

• October 2009
• 3rd Quarter 2009 Housing Market Report (July - September 2009)
• August 2009

View new Frisco TX homes now:

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