Home > Local Real Estate Markets > Plano TX July 2009 Housing Market Report

Plano TX reported 309 home sales for the month of July 2009. These numbers include single-family homes, condos, duplexes and townhomes. Up to 07/31/2009, 1,633 homes sold in Plano Texas for the year. When compared to the same time last year, Plano TX sold 2,148 homes for the same period in 2008. The numbers are down 24% in number of transactions and down 27% in real estate value.

January: 146 Plano TX homes SOLD
February: 172 Plano TX homes SOLD
March: 208 Plano TX homes SOLD
April: 213 Plano TX homes SOLD
May: 267 Plano TX homes SOLD
June: 318 Plano TX homes SOLD 

July 2009: 309 Plano TX sold homes
for $78,760,721
 

The lowest priced home sold for $61,000 (3-bedroom, 2-bathroom property, 1,280 square feet) in East Plano TX 75074. It is an older starter home, built in 1971. It is bank-owned foreclosure.
 

The most expensive priced home sold for $1,150,000 (5-bedroom, 8 bathrooms, over 7,800 square feet) in Willow Bend Lakes Plano TX 75093. Although it was built in 1985, this home has been remodeled to reflect today's sought-after features and upgrades to include a billiard's room, gourmet kitchen, 3-car plus porte cochere, travertine and hardwood floors throughout, music room, study, media, a commercial grade wet bar and remodeled pool with gazebo and outdoor fireplace.
 

The average home in Plano Texas is 4-bedroom, 3 bathrooms, just over 2,600 square feet and sold for $254,889 in 67 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.

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 = 16 homes
Under Contract = 23 homes; DOM = 89 days
AVAILABLE = 25 Homes; DOM = 107 days

$100,001 - $200,000:
SOLD = 123 homes (48 days on market, $84/sq.ft.)
Under Contract = 145 homes; DOM = 65 days
AVAILABLE = 235 Homes DOM = 89 days

$200,001 - $300,000:
SOLD = 91 homes (73 days on market, $89/sq.ft.)
Under Contract = 93 homes; DOM = 67 days
AVAILABLE = 269 Homes DOM = 85 days

$300,001 - $400,000:
SOLD = 47 homes (78 days on market, $100/sq.ft.)
Under Contract = 32 homes; DOM = 93
AVAILABLE = 176 Homes DOM = 85 days

$400,001 - $500,000:
SOLD = 16 homes (70 days on market, $109/sq.ft.)
Under Contract = 3 homes; DOM = 90 days
AVAILABLE = 72 Homes DOM = 91 days

$500,001 - $600,000:
SOLD = 7 homes (211 days on market, $109/sq.ft.)
Under Contract = 3 homes; DOM = 57 days
AVAILABLE = 41 Homes DOM = 111 days

$600,001 - $700,000:
SOLD = 7 homes (115 days on market, $138/sq.ft.)
Under Contract = 4 homes; DOM = 116 days
AVAILABLE = 33 Homes DOM = 166 days

$700,001 - $800,000:
SOLD = 6 homes (154 days on market, $142/sq.ft.)
Under Contract = 3 homes; DOM = 345 days
AVAILABLE = 27 Homes DOM = 165 days

$800,001 - $900,000:
SOLD = 3 homes (129 days on market, $168/sq.ft.)
Under Contract = 2 homes; DOM = 58 days
AVAILABLE = 22 Homes DOM = 161 days

$900,001 - $1,000,000:
SOLD = None
Under Contract = 1 home; DOM = 124
AVAILABLE = 14 Homes; DOM = 139 days

Over $1 Million:
SOLD = 3 homes (128 days on market, $175/sq.ft.)
Under Contract = 3 homes; DOM = 82 days
AVAILABLE = 68 Homes; DOM = 220 days

Real Estate Commentaries based on the above market data:

Currently, Plano TX has 982 homes available for purchase. The biggest market movers are the $100K - $200K price group, then followed by $200K - $300K group. The higher price ranges are staying on the market longer. Hence, that is the type of market to expect from such price ranges.

The Plano TX home market inventory levels are similar to previous months. 

Read Plano TX homes stack up to other surrounding cities for home sales in the month of July

• Frisco TX July 2009 Home Market Report

It is our goal to empower you to become a more educated real estate consumer, especially in the Plano TX Home communities. Information is power in real estate in negotiations.

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