Welcome to this month’s Frisco, Texas real estate market report presented to you by Rene Burchell; a dedicated, experienced luxury real estate professional.
Are you considering buying or selling a home in the coming months? Then take a moment to read some articles that answer some of the most frequent questions buyers and sellers ask.
How Do I Sell My House With A Mortgage?
What If I Am Getting A Divorce?
Down Payment When Buying A House In Texas.
If you are a buyer ready to buy your first, second, or even if this your third time buying a home, I can help. First, start your search for a home using the search tool; you can narrow your search by zip code, neighborhood, and price range. Second, be sure to save your searches! Third, sign up to be notified as soon as new properties that match your criteria become available.
Then, the last step, give me a call and I can answer all your questions, show you the homes that are on your list, and finally, act as your representative in the process to get you the best deal possible.
If you are thinking of selling your home, then your first step is to use the free home valuation tool to get an idea of your home’s worth. Second, give me a call and I will be able to answer your questions, update you on the current market trends, and third, list and market your home.
My experience will go to work for you, assisting you getting your home show-ready, and seen by as many qualified buyers as possible. I will help you sell your home as quickly as possible to get you the most money. Give me a call today!
A Look at Frisco Housing Stats
During the month of November, there were 226 homes sold in Frisco, Texas, only slightly lower than the 229 sold this time last year. The median sales price for homes sold was $398,450, higher than the median of $368,671 one year ago.
Total volume of home sales in Frisco was higher year over year, up from $99,822,087 to $101,352,216.
Days On The Market
Days on the market in most price categories increased from November 2018. During November 2019, the average days on the market for homes in the $151-200,000 price range increase from 35 to 44. Homes in the $201-300,000 bracket fell one day from 42 to 41 days.
The most significant increase was in the $751,000 and up housing market, which shot up from 25 days during November 2018 to 111 days during November 2019.
Sales Price To List Price Ratio
Sales price as a percent of list price was mixed. Sale to list price ratio in the $151-200,000 category increased from 86.0% to 97.6%, the $201,300,000 price point had as slight increase in ratio from 97.8% to 98.1%.
There was a reduction in the $301-500,000 market, down from 98.1% to 97.8%, and the $501-750,000 range increased from 95.9% to 96.2%. The sale to list price ratio in the $751,000 and higher price range fell from 97.4% to 93.8%.
Price Range Percentage of Homes Sold
The next highest number of homes sold was in the $501-750,000 price range which accounted for 18.6% of all sales, down from 20.5% compared to this time last year.
The $201-300,000 price range made up 16.4% of all sales during November 2019, down from 23.1% during November 2018.
| Homes under $300K | Homes under $400K |
| Homes under $500K | Homes under $600K |
| Homes under $700K | Homes under $800K |
| Homes under $900K | Homes under $1 Million |
| Homes $1 Million Up |
What Does This Mean for Frisco Home Buyers?
For buyers in looking for a home in Frisco, Texas, most are going to pay slightly less than asking price. However, inventory is falling, and prices are rising, buyers should have financing in place and be prepared to act when a property is found.
It is perfectly normal to be anxious and have questions when buying a home, however, we have helped hundreds of buyers just like you achieve their dreams of homeownership. Give Rene Burchell a call today to help you find the perfect home for you and your family!
What Does This Mean for Frisco Home Sellers?
For sellers in Frisco, Texas there is a demand for homes, especially if your home is priced in the $300-500,000 price range. Increased days on the market are common during the winter buying season; the upside is buyers during this time of year are more serious when looking at properties.
Give Rene a call today so we can answer your questions about listing and marketing your home to the most qualified buyers. We create a strategy for you to show off the best features your property has to offer, and work to get you the most money possible.
Frisco Homes for Sale
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
See Additional Reports on the Frisco Real Estate Market
Here are the most recent home listings just added to the database in the average price range for Frisco. All homes here are priced at $398,450 or less.
