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

Frisco TX reported 177 homes sold in October 2009. These numbers include single-family homes, condos, duplexes and townhomes. That makes Frisco TX sold a total of 687 homes in the 3rd Quarter, making it a total of 1,657 homes thus far for 2009.

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 2009 Frisco TX Homes
177 homes for  $51,673,725
 

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.
 

The most expensive priced home sold for $1.5 million (6-bedroom, 8 bathrooms, almost 8,500 square feet) at Stonebriar Country Club Frisco. It is an exquisite Mediterranean custom home built by Parthenon Home Builder based in Frisco TX. This home is under construction when it sold.
 

The average home in Frisco Texas is 4-bedroom, 3 bathrooms, just over 3,000 square feet and sold for $277,946 in 74 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.

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

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 = 1 home;
Under Contract = 0 home
AVAILABLE = 5 Homes

$100,001 - $200,000:
SOLD = 54 homes (56 days on market, $88/sq.ft.)
Under Contract = 72 homes; DOM = 92 days
AVAILABLE = 135 Homes

$200,001 - $300,000:
SOLD = 73 homes (83 days on market, $82/sq.ft.)
Under Contract = 58 homes; DOM = 90 days
AVAILABLE = 275 Homes

$300,001 - $400,000:
SOLD = 26 homes (54 days on market, $91/sq.ft.)
Under Contract = 28 homes; DOM = 140
AVAILABLE = 169 Homes 

$400,001 - $500,000:
SOLD = 10 homes (134 days on market, $101/sq.ft.)
Under Contract = 10 homes; DOM = 105 days
AVAILABLE = 116 Homes

$500,001 - $600,000:
SOLD = 2 homes (178 days on market, $140/sq.ft.)
Under Contract = 5 homes; DOM = 206 days
AVAILABLE = 57 Homes

$600,001 - $700,000:
SOLD = 4 homes (92 days on market, $140/sq.ft.)
Under Contract = 4 homes; DOM = 83 days
AVAILABLE = 411 Homes

$700,001 - $800,000:
SOLD = 2 homes (123 days on market, $155/sq.ft.)
Under Contract = 1 home; DOM = 48 days
AVAILABLE = 31 Homes

$800,001 - $900,000:
SOLD = NONE
Under Contract = 2 homes; DOM = 285 days
AVAILABLE = 30 Homes 

$900,001 - $1,000,000:
SOLD = 1 home (149 days on market, $71/sq.ft.)
Under Contract = None
AVAILABLE = 18 Homes

Over $1 Million:
SOLD = 2 homes (47 days on market, $262/sq.ft.)
Under Contract = 1 home; DOM = 63 day
AVAILABLE = 59 Homes

Real Estate Commentaries based on the above market data:

The October 2009 numbers did not perform as well as the October 2008 numbers. However, in almost all categories (each pricing group), the homes sold faster than the previous month, or faster than the same time last year. Hence, these are some small improvements here in the Frisco TX housing market.

Currently, Frisco TX has 935 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 custom built home by Chapman Builders at Villages of Stonebriar Park for $5.4 Million (over 10,000 square feet).

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.

Read comprehensive Frisco TX 3rd Quarter 2009 Housing Market Report (July - September 2009)
Read August 2009 Frisco TX Home Market Report

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Related Articles:

• Frisco TX August 2009 Housing Market Report
• Plano TX August 2009 Housing Market Report
• Allen TX August 2009 Housing Market Repot
• McKinney TX August 2009 Housing Market Report

• Zero Down Payment, Zero Closing Costs Affordability based loan program
• What every real estate buyer needs to know when buying in these times

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Contact:

Loreena Yeo
Realtor®/ Broker of 3:16 team REALTY
(214) 783-2210
loreena@loreenayeo.com

Super-serving Frisco, Plano, Dallas, McKinney, Allen, Little Elm, Prosper, Celina, Richardson, Dallas M-Streets, Dallas White Rock Lake area communities and other surrounding areas.

Copyright © 2009 by Loreena Yeo (3:16 team REALTY)
Originally Posted on Frisco TX October 2009 Home Market Report