November 2009 shown an almost 30% improvement when compared to the same time last year (2008). Not only did the number of transactions increased, those that sold, sold for more price per square feet and they took less time to sell. Year-to-Date, 2,145 homes sold in McKinney TX when compared to 2,107 homes in 2008. Overall, it is a 2% improvement. Not many cities in the Dallas metroplex could say it outperformed the same time last year, as well as an overall year-to-date growth. McKinney has shown consistent results with the starter tier up to $300K price range. The mid-tier price range $400-$600K continue to be stable and the McKinney luxury home market has seen little or no improvement. The lowest priced home sold for $41,900 (2-bedrooms, 1-bathroom property, 1,391 square feet) near Downtown McKinney TX 75069. It was a rehab oppurtunity which the owner/ investor never completed. It sold in 7 days. The buyer paid cash. The most expensive priced home sold for just over $1 Million (6-bedrooms, 5- full bathrooms, 1 half bath, over 7,600 square feet) in Stonebridge Estates McKinney TX 75070. It is a custom James Sterry custom home with exquisite craftsmanship of Italian marble, elegant formals, wine celler and a custom built backyard oasis for outdoor entertainment. It took 31 days to sell this home. (Most homes in this price range do not sell this quick!) The average priced home sold for $215,928 (4-bedrooms, 3 bathrooms and just over 2,500 square feet). The average days on market in McKinney TX is 62 days. The market absorption rate in McKinney TX is approximately 20 weeks (5 months). The market indicates that it is a NEUTRAL market (it is not a Buyer, neither is it a Seller's market). However, knowing your price range will determine if you have a stronger negotiation power or not. Currently, 813 homes are available for sale in McKinney TX. The lowest priced home is a 2-bedroom, 1-bathroom property off Eldorado/ US
75 (on the east side) while the highest priced home is $2.5 million Estate on
gated 3-acre lot, 5-car garage, custom pool with waterfall in Provine Farms
Estates McKinney TX 75070.
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.
If in-depth analysis is your domain, check out the breakdown of price ranges of
the McKinney TX home activities:
Less than $100,000:
$100,001 - $200,000:
$200,001 - $300,000:
$300,001 - $400,000:
$400,001 - $500,000:
$500,001 - $600,000:
$600,001 - $700,000:
$700,001 - $800,000:
$800,001 - $900,000:
$900,001 - $1,000,000:
Over $1 Million:
View Just Listed McKinney TX homes for sale: Create a profile to receive property alerts, save searches and track your dream home as it comes on the market. Click on Get Listing Updates at the right corner above the map.
Related Articles: |
FEATURED LISTINGS
QUICK SEARCH
DAILY FIXED MORTGAGE RATES
*Rates subject to change without notice
FRISCO TX HOMES OF THE WEEK
REAL ESTATE MARKET REPORTS
 Check out the latest local real estate market reports of Frisco, Plano, McKinney, Allen, Little Elm & Prosper TX.
Be an INFORMED CONSUMER
Join Social Media Conversations In
About Loreena & 3:16 team REALTY
CLIENT TESTIMONIALS
Read about what our satisfied clients have to say: When she arrived for our appointment, we went through the normal preliminary procedures and all was fine. Then she surprised us. She had already done most of the work and only needed to take a few pictures of the inside and determine the price that we would be comfortable asking. She also spent a great deal of time explaining to us how the whole sales process work and what we could expect. Eric & Tomoko Quere, Plano TX
Ultimately, Loreena introduced us to the house we bought--it was not one we found from our own hours of searching web listings--based on the the comments we had made while we visited these different homes. This is a testimony to her ability to listen well and to work proactively on our behalf. Jenn & Glen Miller, Denton TX We were completely impressed with Loreena. She helped us find and buy a home in Frisco. We have very high expectations from a realtor and she surpassed them. Knows her market extremely well, not just the technical market pricing data, but the nuances of all the neighborhoods as well. One of the most responsive and professional persons I've met in my entire business career. Ruth & Jerry Meek, Frisco TX I just want to thank you again for your help in selling our house. In this tough economy and market, I really didn't expect to get an offer. But you counseled me so well in pricing the house to sell and yet not letting me accept an offer that was too low. I believe we got the best deal we could have. I was so pleased and surprised with what we walked away with. Sally & Phillip Barnard, Frisco TX
|
|
Frisco TX was the fastest growing city of the past decade (2000 - 2009). It is located 25 miles north of the Dallas metroplex spanning 2 counties: Collin (on the east side) and Denton (on the west side). Currently over 109,000 people call Frisco TX home. Frisco TX has 2 zipcodes: 75034 on Frisco TX is home to the Stonebriar Shopping Mall - the largest mall in North Texas. Surrounding the mall is other retail shopping such as Ikea, Furniture stores such as Room Store, Bassett, etc. Along Preston Road, you can find all types of eateries: From fast food: Steak N Shake, Tin Star, Chipotle, Corner Bakery, Panda Express, Dodie's Cajun Restaurant, Spring Creek BBQ, Olive Garden, Red Lobster, Fadi's Mediterrenaen, Gloria's Seafood, Cotton Patch, Thai Frisco, Applebee's, Texas Land & Cattle and Starbucks Coffee, Chez Moi French and plenty more. Frisco TX also is home to other big name retails such as Best Buy, Ross, Staples, Ulta, Kirkland's, Bed and Bath and Lowe's.
Homes in Frisco TX typically start around $100,000. Frisco TX also have luxury communities such as Starwood, Chapel Creek, Stonebriar Village, Lakes on Legacy where homes reach in the $3 - 4 million estates. A typical "smaller" home in Frisco is typically 3 bedrooms with 2 bathrooms and 2 car garage. A typical 4-bedroom home in Frisco is around 3,000 square feet or larger, with 2 1/2 bathrooms and 2-car garage. You could expect many subdivisions here in Frisco TX with Homeowner's Association. Many of these communities have community swimming pool, hike and bike trails. Frisco TX also has an Exemplary school system. Many schools (Elementary, Middle and High schools) are highly rated. The Frisco ISD is a highly desirable school district with dedicated school teachers committed to providing our students a high quality education our children deserve. Visit Frisco TX today to see if it interest you enough to call home. 3:16 team REALTY typically take potential buyers to Frisco and surrounding cities for home tours of the area. This website, Frisco-TX-Homes.com and 3:16 team REALTY is dedicated to providing you useful information about Frisco TX: everything from housing and residential communities, to local events and local businesses of Frisco TX. |
the west side of Preston Road and 75035 on the east side of Preston. Preston Road is the main thoroughfare in Frisco TX. Major shopping conveniences are located at Preston Road and State Highway SH 121.
Frisco TX is a highly-desirable city to buy a home because the homes in Frisco TX are built utilizing the latest home building codes. The City of Frisco continue to incorporate energy efficient programs.| PRIVACY POLICY | TERMS OF USE | Real Estate Markets |
|
|
|
● Milford MA Real Estate |
||
The information provided on this website is deemed reliable but not guaranteed. You must make your own verification. This website and its content is built on hard work and original content by Loreena Yeo & 3:16 team REALTY. Do not use any, parts or content in its entirety without written permission. The content and photographs are copyrighted materials of Loreena Yeo & 3:16 team REALTY. The fullest extent of the law will prosecuted. The content of this website is constantly monitored for plagiarism.
Loreena Yeo is the broker of record of 3:16 team REALTY to practise real estate in Frisco & surrounding cities (State of Texas). Texas Real Estate Broker License Number #0507884. |