Welcome to this month’s Frisco, Texas real estate market report. Are you thinking of buying or selling a home soon? Read this helpful report to find out how the Frisco, Texas real estate market has performed over the last month. Learn about what is selling and for how much as we head into the spring buying season.
Are you planning to buy a home soon? You can start searching here! Buyers can use our search tool to find homes by price, size, or location. Be sure to save your searches and sign up to notified as soon as matching properties become available. Then give us a call and we can help you find the perfect home.
Thinking of selling your home? We provide seller’s a free home valuation tool so you can get an idea of your home’s worth. Click on the home valuation button, then answer a couple of questions, and we will provide you an estimate of the market value of your home. It’s free, quick, and easy! Then give us a call and we can show you how we can sell your home to net you the most amount of money.
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A Look at Frisco Housing Stats
There were 213 homes sold in Frisco, Texas during February 2020, up from 149 one year ago. The median sales price last month was $412,000, a decrease from $421,301 in February 2019.
Total sales volume was $101,513,176, sales volume was much higher during February 2020 compared to the $68,583,888 in sales volume one year ago.
In Frisco, Texas single-family homes priced in the $201-300,000 range stayed on the market for a median of 40 days, homes priced between $301-500,000 were on the market for 70 days, and homes priced at $501,000 and up were on the market for 100 days before being sold.
Most sellers were getting approximately 98.0% of the asking price for their home during February 2020; however, as we take a closer look at the numbers the list to sale price ratio drops.
Sellers in the $201-300,000 price range received 98.7% of the asking price for their home, in the $301-500,000 market the list to sale price ratio was 98.0%, the $501-750,000 price range fell to 96.8%, and in the $751,000 and higher price bracket sellers were only getting 95.9% of their asking price.
What Does This Data Mean For Buyers
For buyers in Frisco, Texas, the coming months may be filled with uncertainty as the Corona Virus outbreak unfolds. Buyers may find opportunities this spring buying season that were not available during the winter. Buyers should have financing in place and be ready to act when a property is found.
Give Rene a call today and we can update on the latest happenings in the Frisco, Texas real estate market.
What Does This Data Mean For Sellers
Sellers may see their home sit on the market a little longer as the Corona Virus outbreak continues. Sellers may want to exercise patience as the spring buying season picks up and more buyers become active.
Give Rene a call today and we can bring you up to date on the latest activity in the Frisco, Texas real estate market.
We can discuss with you a pricing and marketing strategy to get your home sold quickly to net you the most amount of money.
Frisco Homes for Sale
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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 $412,000 or less.
