Frisco TX Homes Sales Real Estate Market Report for 2013-2Q

by Loreena Yeo on September 18, 2013

2013 January February March
# Transactions 161 170 276
$ $ 47,678,360 $ 56,382,016 $ 88,089,025
Average Days on Market 48 29 21
Average Sales Price $ 296,139 $ 331,659 $ 319,163
Average $/Square Feet $ 96 $ 103 $ 102
Median Sales Price $ 263,500 $ 285,000 $ 282,600
Inventory Supply (Weeks) 26.4 25.6 18.9
% Change from Last Year (# Transactions) 17.4% 23.5% 18.8%
% Change from Last Year ($) 5.8% 25.1% 25.5%
% Change from Last Year (Avg. DOM) 87.5% 193.1% 252.4%
2013 April May June
# Transactions 318 377 363
$ $108,170,600 $131,342,906 $123,467,120
Average Days on Market 46 47 39
Average Sales Price $340,159 $348,390 $340,130
Average $/Square Feet $106 $108 $107
Median Sales Price $289,450 $299,882 $287,000
Inventory Supply (Weeks) 18.1 16.4 16.2
% Change from Last Year (# Transactions) 40.3% 25.7% 31.1%
% Change from Last Year ($) 49.0% 29.2% 30.1%
% Change from Last Year (Avg. DOM) 45.7% 34.0% 20.5%

 

Frisco TX Homes Sales Real Estate Market Report for 2013-2Q

As predicted, the 2nd Quarter of the Frisco TX homes sales market continue to
soar to higher grounds with a combination of:

  • 1,058 real estate transactions
  • Over $362 Million
  • Average Days on Market at 44

Quick comparison to how 2012 performed compared to the same time in 2013:

1Q 2012 1Q 2013 2Q 2012 2Q 2013
# Transactions 402 607 840 1058
$ $152,777,620 $192,149,401 $276,904,913 $362,980,626
Avg. DOM 80 33 58 44
Average $318,416 $329,649 $329,649 $343,082
Avg. $/SF $98 $100 $103 $107
Median $270,693 $277,033 $269,900 $290,000
Supply (weeks) 20.8 23.6 16.6 17.3

The overall 2nd Quarter market homes sales data showed significant improvements when compared to last year’s:

  • # Transactions = Improved 20.6%
  • $ Value = Improved 23.7%
  • Average Days on Market = Improved 24.1%
  • Average sales price = Improved 3.9%
  • Average price per square feet = Improved 3.7%
  • Absorption Rate = Improved 4%

Many homes sold in Frisco TX did it in a few short days. Many of them with multiple offers that sellers can pick from.

In mid-July, interest rates started rising and in less than 3 weeks, interest rates that hovered in the 4%s high new high of low 5%s. During that time, it caused a little market uncertainty because buyers suddenly lost some purchasing power. They are not able to qualify for as much giving them less choices.

Real estate sales typically slows down towards the beginning of the school year. Most people who may want to make housing changes probably had already done so prior to August.

However, with Frisco continues to be the relocation destination and Frisco TX is certainly one of the top choices for housing. We expect for real estate homes market to continue to progress.

 

 

 

Leave a Comment

Previous post:

Next post: