Real Estate in Collin County, TX is beginning to look beautiful as the leaves on the trees begin to start turning colors. For those of you that have lived here any length of time, you know that this doesn't last long. Our area usually goes from green to dead and lying on the ground in no time flat. This time of year also begins the tapering off in real estate activity for the year.
Read below for how McKinney, Allen, Frisco and Plano real estate markets did in September 2009.
- Allen: 866 sales (-18% from prior yr); Avg sales price $238,657 (-3% from prior yr); Avg Days on Market: 74 (-9% from prior yr)
- Frisco: 2169 sales (-4% from prior yr); Avg sales price $276,713 (-7% from prior yr); Avg Days on Market: 79 (-11% from prior yr)
- McKinney: 1430 sales (-11% from prior yr); Avg sales price $220,550 (-1% from prior yr); Avg Days on Market: 80 (0% from prior yr)
- Plano: 2239 sales (-22% from prior yr); Avg sales price $261,312(-5% from prior yr); Avg Days on Market: 63 (-7% from prior yr)
The number of sales are down across the board for each city - down from 4% in Frisco to 22% in Plano! None of the cities showed an increase in the average sales price, and almost each city showed the days on market decreased.
What does this mean for home sellers? It's CRUCIAL to price your home accordingly!! The first 2 weeks on the market are the most crucial. With fewer sales on the books, your home needs to be the cream of the crop!
You also need to have a REALTOR with an agressive marketing campaign and dominant internet presence. Gone are the days of throwing a sign in the yard and placing on the MLS hoping it sells. When interviewing agents be sure to ask about this! Also ask how the new Appraisal law (HVCC) and neighborhood foreclosures or short sales will impact how you price your home. It could also affect whether or not you close the sale of your home ON TIME.
With all of this being said, DFW is still doing GREAT when compared to the rest of the nation! 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...it's 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. 972-838-5394.
Search homes for sale in the Collin County real estate market.
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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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I am in the Texas Hill Country outside of San Antonio and I am happy to see these numbers! Glad things are going well for you all up in the MetroPlex. We are holding our own also and as always I tell sellers...time to be brutally realistic with the pricing!!!
Thanks for putting this together again so nicely Kim. You're so right to price it right (no matter how good it looks if it's overpriced it won't sell! - I just recently had client who had priced their home too high (working with a Realtor too), even though it's staged, looks great etc.. the market will not bear what this seller is asking!)