Oh, how I LOVE this time of year! The sun is out, weather is getting warm and the BUYERS ARE OUT! Low interest rates, the $8,000 First Time Home Buyer Tax Credit and plenty of homes to choose from are all attracting potential home buyers! Let's look at how Collin County real estate market shook out for the April 2009. Here's a peek:
- Allen: 308 sales (-26% from prior yr); Avg sales price $229.949 (-8% from prior yr); Avg Days on Market: 90 (-1% from prior yr)
- Frisco: 778 sales (-9% from prior yr); Avg sales price $279,326 (-6% from prior yr); Avg Days on Market: 88 (-10% from prior yr)
- McKinney: 468 sales (-24% from prior yr); Avg sales price $209,810 (-5% from prior yr); Avg Days on Market: 84 (-1% from prior yr)
- Plano: 747 sales (-32% from prior yr); Avg sales price $261,590 (-4% from prior yr); Avg Days on Market: 70 (-7% from prior yr)
As we've seen in past months, the number of sales are down across the board in double digits with the exception of Frisco at -9%. Average days on market, however, saw a decrease in all 4 cities compared to 2008. NONE of the cities showed an increase in the average sales price.
What does this mean for home sellers? LISTEN UP: It's more important than ever to price your home accordingly!! The first 2 weeks on the market are the most crucial. With fewer sales on the books, and many more homes to choose from coming on the market as the selling season gets going, 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. When interviewing agents be sure to ask about this!
Here's the important thing, though. Although sales are down, 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. Spring is almost here - call us for a NO-PRESSURE home market analysis 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 or Collin County area then you're in the right place! Search for homes on my Collin County real estate website, subscribe to this blog, or follow on Facebook and Twitter.
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