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Local Market Conditions

Frisco Homes Sales December 2010

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Frisco, TX closed out the end of the year with a total of 145 homes sold. This is about 9% less than the homes sold in December 2009. However, for the first time in several months the number of homes sold increased from the previous month. There were 31 more homes sold in December 2010 than November 2010.

While the average price per square foot is not increasing, it is not losing value either. The average price per square foot remained level last month at just over $93.00 a square foot.

On average, homes are staying on the market 107 days before closing. This is just a slight bit up from November’s average of 104 days.

With 2010 coming to an end the experts are all looking into their crystal balls trying to determine what 2011 will bring. Will home sales fall? Will home sales rise? What will mortgage interest rates do? Everyone has their own opinion of the housing market, but in reality, they are all just guesses.

The good news is that we seem to be on an upward trend going into 2011. Interest rates are still low and we don’t see any major increases in the near future. Home sales are still low and foreclosure rates are still high. However, the big guys, Fannie and Freddie are working toward solutions for distressed homeowners. Right now we continue to do our best to bring the market up and get the most value out of our homes.

Number of homes sold

145

Average Selling Price

              $313,381

Selling Price Percent of Listing Price

97

Average Days on Market

107

Lowest Sale Price

$82,000

Highest Sale Price

$1,950,000

Average Sold Price per Square Foot

93.10

 

 

This information is provided by Crystal Ramsey with Halo Group Realty.  If you have questions regarding your mortgage or Real Estate options call Crystal at 214-566-1775 or visit http://www.crystalramsey.com/http://www.crystalramsey.com/.

 

Last Updated on Saturday, 08 January 2011 09:50

Frisco, TX Home Sales in November 2010

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Frisco, TX Home Sales in November 2010 were down just over 50% compared to sales data from November 2009. November 2009 had 222 homes sold, with 109 homes sold in November 2010.

As we approach the end of the year, the Average Days on market seem to be increasing by about a week each month. November 2010 home sales averaged 104 days on the market.

Good news for the month of November is The Average price Per Sq foot increased slightly from $92 to $93.52 per square foot.

Of the 109 homes sold in November 2010, about 12% of them were Foreclosures.

With interest rates currently between 4.25% and 4.75% purchasing a home is still very affordable. So if you are in the market for a new home, don’t hesitate because it’s the end of the year. Start your home search today!

Number of homes sold

109

Average Selling Price

$302,013

Selling Price Percent of Listing Price

96

Average Days on Market

104

Lowest Sale Price

$84000

Highest Sale Price

$1,495,000

Average Sold Price per Square Foot

93.52

 

 

Frisco November Home Sales

This information is provided by Crystal Ramsey with Halo Group Realty. If you have questions regarding your mortgage or Real Estate options call Crystal at 214-566-1775 or visit http://www.crystalramsey.com/ http://www.crystalramsey.com/ .

Last Updated on Sunday, 09 January 2011 14:43

October Home Sales Frisco TX

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Frisco, TX Home Sales in October 2010 were down compared to sales data from October 2009. October 2009 had 199 Frisco Homes sold and 2010 there were only 144 homes sold. 

The Average Days on market increased by about a week from September home sales. October 2010 home sales averaged 95 days on the market.

The Average price Per Sq foot stayed steady at $92 per square foot.

It is likely that home sales in Frisco will not increase over the next few months, but trends show it will pick back up in the winter months after Christmas. As for now, there are plenty of beautiful homes on the market and is a great time to buy for anyone looking to purchase a new home.  

Number of homes sold

144

Average Selling Price

$299,645

Selling Price Percent of Listing Price

97

Average Days on Market

95

Lowest Sale Price

$78,000

Highest Sale Price

$1,650,000

Average Sold Price per Square Foot

92

 

 

This information is provided by Crystal Ramsey with Halo Group Realty.  If you have questions regarding your mortgage or Real Estate options call Crystal at 214-566-1775 or visit http://www.crystalramsey.com/http://www.crystalramsey.com/.


Last Updated on Monday, 15 November 2010 19:43

Frisco Home Sales Feb 2010

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Frisco, TXFrisco, TX Home sales Home sales in February 2010 were down compared to sales data from February 2009. February is the first month of the last 9 where we did not see a month over month increase in Homes Sold in Frisco.  The bad weather we had in Frisco contributed to the lack lustre Frisco home sales, considering the snow and rain it was just and ugly month.  February 2009 had 163 Frisco Homes sold and 2010 there were only 128 homes sold. 

The Average Days on market dropped sharply to 79 to days which was not expected during the winter months.  Typically you may see an increase.

The Average price Per Sq foot move down slightly this month to $87.96, which is more in line with what it has been.   As I mentioned with the amount of severe weather we experienced in Frisco it’s hard to tell if this is an indication of anything. 

Number of homes sold128
Average Selling Price$249,641
Selling Price Percent of Listing Price97
Average Days on Market79
Lowest Sale Price$57,000
Highest Sale Price$922,000
Average Sold Price per Square Foot$87.96
March and April will really tell us the true story. This information is provided by TEAM DECELLTEAM DECELL.  If you have questions regarding your mortgage or Real Estate options call them at 214-975-3210 or visit their website at www.teamdecell.comwww.teamdecell.com

Last Updated on Wednesday, 14 April 2010 13:40

Military gets extension on tax Credit

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Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011.

If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

From IRS: Additionally, there are new benefits for members of the military and certain other federal employees:  For all the details go to http://www.irs.gov/http://www.irs.gov/

This information is brought to you by TEAM DECELLTEAM DECELL.  We are proud supporters of the men and women of the military.  If you have any questions regarding if this extension applies to you call us at 214-975-3210.  TEAM DECELL is your Frisco Home experts. 

Last Updated on Wednesday, 14 April 2010 13:41