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: |
QUICK SEARCH
DAILY FIXED MORTGAGE RATES
*Rates subject to change without notice
LOREENA on SOCIAL MEDIA
   REAL ESTATE VIDEOS
Available HOMES for SALE
FIRST TIME HOME BUYERS
 Your Guide to First Time Home Buying in Greater Frisco TX  Zero Down Payment, Zero Closing Cost Affordability Based Loan Program FORECLOSURES & SHORT SALES
HOMES OF THE WEEK
View Selected Homes Of the Week
(These homes are specifically highlighted because of its exceptional value or features). Contact us for a showing. LOCAL MARKET REPORTS
 It is our goal to empower you with local housing market reports. Information is power in real estate in negotiations.
FEATURED LISTINGS
HOMEOWNERSHIP
● Real Hard Truth about Homeownership
● True Cost about Homeownership ● Myths about Tax Assessments vs. Property Values ● Home Upgrades and Home Improvements ● Understanding Texas Homestead PHOTO GALLERY
About Loreena & 3:16 team REALTY
|
