| Market Conditions for Plano, Texas
Reported by Warren Beckmann, REALTOR
As of August 11, 2007. |
|
Real Estate Home sales in the city of Plano, Texas, MLS area 20. *(Do to the size of Plano and the program that calculates these average, can only calculate a maximum of 250 properties. So I have divided Plano two areas, roughly west of Independence and east of Independence. Contact me about a specific area and I'll be glad to send you the specifics of that area.
Listings closed in July 2007, reported as of August 10, 2007.
Number of homes sold 360, 200 west and 160 east.
Average Selling Price, west $349,302. and east $188,697.
Selling Price Percent of Listing Price, west 97%, east 98%.
Average Days on Market, west 47, east 43.
Lowest Sale Price, west $142,000. east $53,500.
Highest Sale Price, west $2,946,350. east $589,900.
Average Sold Price per Square Foot, west $112.50, east $84.54.
As you can see from the information above, single family homes in Plano are selling fairly quickly with an average of about 45 days on the market. Of the 360 closings that have reported in to date for July, had an average asking price of (west $358,772. & east $192,804.) and sold for 97 to 98% of list price, this indicates a very strong market. If you are considering a move to the Plano 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
Location Characteristics: Plano, Texas in short has been a legacy of propriety. It bestows the honor of being the largest suburb of Dallas it is conveniently located 20 miles outside of downtown. One of the most tantalizing assets Plano has to offer is its school system. For almost 15 years, Plano has been known as having the most prosperous school system in all of Texas. Plano East Senior High has been given The Best School in Texas award by Redbook magazine almost every year since 1993. Another great high school, Plano Senior High has received recognition for giving more advanced placement exams than any other school in the county.
Plano also offers its residents an abundance of various restaurants and entertainment. It has a strong retail base with Collin Creek and The Shops at Willow Bend malls and over 60 retail centers located throughout the city. It has evolved into an exclusive destination for homeowners desiring the best developers have to offer. Three country clubs have their home here, Gleneagles, Prestonwood and Los Rios. It is the home for 12 prominent public golf course and 4 movie theatres.
However the most vital asset Plano has to offer is real estate. From pristine waterfront properties to horse and cattle estates, you can find it here. When searching in the Dallas region, Plano would be considered the icing on the cake. Housing in Plano is not only luxurious and well priced, but also remarkably inexpensive considering the available accommodations and amenities.However the most vital asset Plano has to offer is real estate. From pristine waterfront properties to horse and cattle estates, you can find it here. When searching in the Dallas region, Plano would be considered the icing on the cake. Housing in Plano is not only luxurious and well priced, but also remarkably inexpensive considering the available accommodations and amenities.
For More Information: