The weather is warmer, trees are starting to bloom and real estate market activity is coming to life. Just how did the Collin County real estate market shake out for the February 2009? Here's a peek:
- Allen: 109 sales (-38% from prior yr); Avg sales price $229,051 (-7% from prior yr); Avg Days on Market: 96 (- 1% from prior yr)
- Frisco: 284 sales (-15% from prior yr); Avg sales price $285,712 (-2% from prior yr); Avg Days on Market: 90 (-17% from prior yr)
- McKinney: 188 sales (-33% from prior yr); Avg sales price $207,463 (-8% from prior yr); Avg Days on Market: 78 (-17% from prior yr)
- Plano: 318 sales (-30% from prior yr); Avg sales price $265,662 (+4% from prior yr); Avg Days on Market: 73 (-10% from prior yr)
The number of sales are down across the board in double digits...more than 15% across the board. Average days on market, however, saw a decrease in all 4 cities compared to 2008. Plano was the only city of the four to show an increase in the average sales price.
What does this mean for home sellers? It's STILL important to price your home accordingly!! The first 2 weeks on the market are the most crucial. With fewer sales being reported, and more homes to choose from, your home needs to be the cream of the crop!
Although sales are down, DFW is doing GREAT! If you want more information about the Dallas or McKinney Real Estate market, go to www.TexasRealEstate.com. Each market is different - contact a REALTOR for information about YOUR area!
As always, remember, sellers have control of only TWO things:
- Price! Don't overprice - enough said.
- Condition! Consult a home stager if necessary.
Do you need a Collin County Realtor with an agressive international marketing strategy to get your home SOLD? Contact the Barron-Daugherty Team at d + b real estate today. Spring is almost here - call us for a NO-PRESSURE home market analysis today. 972-838-5394.
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If you're looking for a home in the McKinney, TX area then search for homes on my main Collin County real estate website at www.ServinginCollinCounty.com.
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