Frisco TX April 2010 Housing Market Report

by Loreena Yeo on May 22, 2010

In APRIL 2010, 249 homes were sold in Frisco TX. The sales number includes single-family homes, townhomes and duplexes in the City of Frisco TX.

Old Train in Downtown Frisco TX

January 2010 = 95 Frisco TX homes sold
February 2010 = 118 Frisco TX homes sold
March 2010 = 196 Frisco TX homes sold
April 2010 = 249 Frisco TX homes sold

Comparing to the same time last year (2009), Frisco TX had only sold 192 homes. The number is UP 22.3% from the previous year. The Frisco TX First Time Home Buyer and Repeat Buyer Tax Credits most definitely contributed to these positive numbers. Frisco TX homes have not seen a POSITIVE number in the past few quarters.

The lowest priced home sold for $84,000 in Hickory Hills  – an older community of Frisco TX near Preston Road and Main Street. This home was built in 1985, over 1,000 square-foot home, 3-bedrooms, 2 bathrooms. It took 11 days to sell.

The highest priced Frisco TX home was sold in Estates of Legacy Drive for $1,.4 million – a 7,000 square-foot Frisco TX luxury home, 5-bedrooms, 5 1/2 bathrooms with 3-car garage. It took 55 days to sell. The original listing price was $2.3 million. It was reduced to $1.6 million before it received the offer. It is a custom Hawkins-Welvood home.

The average home sold in Frisco TX is $281,082, a 3 bedrooms, 2 bathrooms, 2,800 square feet. The average price per square feet is $94/sq.ft. The average days on market to sell is 61 days. These are all better (more positive) numbers than last quarter 1Q as well as the same time last April 2009. The price per square foot is higher and the time it took to sell these homes are shorter by 10 days.

Here is the snapshot of the homes sold in Frisco by PRICE RANGE for 1st Quarter 2010:

Price Range No. of Homes Sold Percentage of Homes Sold
Less than $100K 1 0%
$100K – $199,999 86 17%
$200K – $299,999 78 16%
$300K – $399,999 38 8%
$400K – $499,999 6 1%
$500K – $999,999 10 2%
$1 Million & up 2 0%

Current conditions of Frisco TX homes for sale market:

There are 991 homes for sale in Frisco TX at the 2nd week of May 2010. They range from $71,000 to $3.6 Million.

339 Frisco TX homes are currently under contract – almost 3 times more than the same time last year (108 in April 2009). The Frisco TX First Time Home Buyer and Repeat Buyer Tax Credits is definitely credited to the additional volume of pending home sales in Frisco TX.

Leave a Comment

Previous post:

Next post: