| Market Conditions for Frisco, Texas
Reported by Warren Beckmann, REALTOR
As of August 11, 2007. |
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Real Estate Home sales in the city Frisco, Texas, MLS area 55.
Listings closed in July 2007, reported as of August 10, 2007.
Number of homes sold 228.
Average Selling Price $310,292.
Selling Price Percent of Listing Price 98%.
Average Days on Market 75.
Lowest Sale Price $113,000.
Highest Sale Price $1,632,753.
Average Sold Price per Square Foot $101.34
As you can see from the information above, single family homes in Frisco are selling fairly quickly with an average of 75 days on the market. Of the 228 closings that have reported in to date for July, had an average asking price of $319,255 and sold for 98% of list price, this indicates a very strong market. If you are considering a move to the Frisco Texas area and are interested in information on a specific area or details of a previous month, contact me. I can email you information on all active listing in that area that fit you criteria, as well as an analysis of recent comparable sales in that area. You can reach me through my office 972-732-6000 or direct at 214-498-6598. You can also get lots of great real estate information by visiting http://www.BeckmannRealEstate.com
Source: NTREIS or North Texas Real Estate Information System
Approximate Location Boundaries: Boundaries: MLS area 55, runs from north of The Colony east of 423 up to 380, then runs east in a zigzag line south of the Prosper area, at Custer Road it zigzags its way to 121, then works its way back to The Colony.
Location Characteristics: The present day
Frico, Texas, is a very appealing place to live. It is home to some of the most state of the art facilities of their kind such as the Stonebriar Mall and the Frisco Ballpark. However, it also has the unique ability to retain the community sprit you would normally find in a small town. One secret is the numerous homeowner associations and other organizations that that have successfully kept this character not often found in a city of its size. Destined to be the great city it is, Frisco is still on track for a great future. Friscos new town center, Frisco Square, is a 147 acre multi-phase project combining retail and commercial space with residential.
Frisco Square will eventually provide the site for the new Frisco municipal building, including a police station, heritage center, a library, churches and private schools. Add incredible retail and dining offerings with the convenience of nearby Dallas North Toll-Way and State Highway 121 and youll see why Frisco in continuing to grow at an expeditious rate. The new baseball stadium is here a multi-purpose complex which is home to the Frisco Roughriders. The Dallas Burn now calls Frisco home with their custom built Frisco Soccer and Entertainment Center. This Multimillion dollar high tech stadium will boast every amenity a soccer fan could dream of, including a spectacular natural grass pitch, computer-designed sightlines, an advanced digital display system, and much more!
Then there is the fabulous Stonebriar Center Mall with 6 anchor stores including Nordstroms, Foleys and Macys. Frisco offers its residents a variety pf quality housing possibilities with great values still available throughout the city. Fabulous master planned communities offer up options for even the most discriminating homeowners. If you want to have fun, have a nice home for an exceptional price, and be part of something very exciting then Frisco Texas is where you want to be.
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