Collin County Real Estate Update - September 2008

With all of the talk about the current economic crisis, you may be wondering how real estate in Collin County is doing.

Below are statistics for September 2008 for McKinney, Allen, Frisco and Plano.

Allen:
# Sales: 1,046
% Change over previous year: -14%
Average Sale: $245,517
% Change over previous year: +5%
Average Days on Market: 81
% Change over previous year: +23%

Frisco:
# Sales: 2,234
% Change over previous year: - 8%
Average Sale: $298,302
% Change over previous year: +2%
Average Days on Market: 89
% Change over previous year: +24%

McKinney:
# Sales: 1,597
% Change over previous year: -22%
Average Sale: $222,192
% Change over previous year: -3%
Average Days on Market: 80
% Change over previous year: +13%

Plano:
# Sales: 2,873
% Change over previous year: -13%
Average Sale: $275,064
% Change over previous year: 0%
Average Days on Market: 68
% Change over previous year: +31%

What does all of this mean? Homes are sitting on the market longer and fewer of them are selling each month. For home sellers this means that your home needs to stand out - it needs to be in the BEST condition and priced RIGHT.

To speak with us about selling your home, just give us a call or email! We're here to help.