Allen, TX Residential Sales Activity Report for October

Single-Family:

Sales in Allen for October were up by 13%. The average sales price increased by 10% compared to October of last year while the median sales price increased by 13%. Pending sales shot by by 37%. The number of new listings increased by a healthy 15% but the active listings remained in the negative category down by 1%. The months of inventory is very low at 1.6 months.

Sales: 132

Average Sales Price: $305,194

Median Sales Price: $267,500

Pending Sales: 123

New Listings: 137

Active Listings: 191

Months of Inventory: 1.6

Condos and Townhouses:

There are so few condos and townhouses in Allen that the numbers in this category really do not mean anything.

Leases:

Leases were down by 16% in October. The average rent price declined by 7% while the median rent declined by 6%. These number are an aberration and will not continue. Pending leases were up by 213%. The new listings declined by 21%. The active listings declined by 2% and the months of inventory stands at 1.5 months.

Leases: 31

Average Rent: $1,637

Median Rent: $1,500

Pending Leases: 25

New Listings: 41

Active Listings: 52

Months of Inventory: 1.5

Information supplied by The REal Estate Center at Texas A&M.

Plano, TX Residential Sales Activity Report for October

Single Family:

Plano had a very good month in October. Sales were up by 30% while the average sales price increased by 7% and the median sales price was up by 12%. Pending sales increased by 16%.  The new listings continues to decline and was down by 3%. The number of active listings stood down by 22%. The months of inventory is at 1.3 months.

Sales: 320

Average Sales Price: $342,938

Median Sales Price: $269,950

Pending Sales: 274

New Listings: 307

Active Listings: 387

Months of Inventory: 1.3

Condo and Townhouses:

There are very few condos and townhouses in Plano so the numbers can be volatile.

Sales were off by 18%. The average sales price was up by 15% and the median sales price increased by 7%. The number of pending sales was down by 19%. New listings declined by 29% while active listings dropped by 46%. The months of inventory stands at 0.6.

Sales: 18

Average Sales Price: $188,000

Median Sales Price: $176,050

Pending Sales: 17

New Listings: 17

Active Listings: 13

Months of inventory: 0.6

Leases:

Leases were flat on Plano for the month of October. The average lease price increased by 3% while the median lease price was up by 6%. The pending leases jumped a whopping 136%. The new listings increased by 38% and the number of active listings increased by 87%. However these large increases still left us with only a 1.7 months supply.

It looks like there were a lot of leases that ended in September and came on the market in October.

Leases: 138

Average Rent: $1,797

Median Rent: $1,700

Pending Leases: 78

New Listings: 196

Active listings: 250

Months of Inventory: 1.7

Information supplied by the Real Estate Center at Texas A&M.  

Richardson, TX Residential Sales Activity Report for October

Sales in Richardson were down by 7% in October. The average sales price was up by 2% while the median sales price declined by 1%. Pending sales were up by 7%. The number of new listings declined by 10%. The active listings declined by 34%. The months of inventory now stands a 1 month.

Sales in Richardson were down not because of less demand but because there is almost nothing to buy! Any decent house that hits the market has multiple offers before the end of the second day and usually by the night of the first day. If you are wanting to purchase a home in Richardson, you and your Realtor had better be really quick to get to the property and get an offer written.

Sales: 92

Average Sales Price: $207,062

Median Sales Price: $184,000

Pending Sales: 110

New Listings: 106

Active Listings: 108

Months of Inventory: 1

Condo and Townhouse Sales:

Sales in this category were up by 13% in October. The average sales price was up by 10% and the median sales price increased by 34%.  Pending Sales were up by 31%. The number of new listings  increased by 17% but the active listings still declined by 5%. there is a 3.3 months supply on the market.

There are not many condos and townhouses in Richardson so the numbers can change a lot from month to month.

Sales: 17

Average Sales Price: $106,590

Median Sales Price: $104,000

Pending Sales: 17

New Listings: 27

Active Listings: 40

Months of Inventory: 3.3

Leases:

Leases were up by 16%. The average lease price increased by 3% while the median lease price went up by 2%. Pending leases were up by 233%. The number of new listings decreased by 2% and the active listings by 18%. There is a 1.2 months supply available for lease.

If you are wanting to lease, you have the same problem as buyers, nothing to choose from.

Leases: 43

Average Rent: $1,348

Median Rent: $1,369

Pending Leases: 30

New Listings: 56

Active Listings: 50

Months of Inventory: 1.2

Far North Dallas Residential Sales Activity Report for October

Sales were up in Far North Dallas by 10%. The average sales price did decline by 1% but the median sales price increased by 7%. Pending sales were up by 27% so the november sales number should be up substantially. The number of new listings climbed by 12% but the active listings was still down by 6%. The months of inventory stands at 2.2 months.

Condo and townhouse sales were down by 5% but the average sales price increased by 24% and the median sales price increased by 16%. Pending sales showed a 16% increase. The number of new listings increases by 19% but as has been typical for a long time now the number of active listings declined  by 8%. The months of inventory sits at 1.7 months.

Rentals were up in Far North Dallas for October by 13%. The average price increased by 1% while the median price increased by 4%. The number of pending leases jumped by 47%. The new listings declined by 14% and the number of active listings dropped by 10%. The months of inventory  stands at 1.7%.

Whether you are looking to buy a home, a condo, a townhouse or want to rent a property everything is in short supply.

Single Family:

Sales: 114

Average Sales Price: $418,659

Median Sales Price: $ 345,000

Pending Sales: 95

New Listings: 129

Active Listings: 226

Months of Inventory: 2.2

Condo and Townhouse:

Sales: 53

Average Sales Price: $159,924

Median Sales Price: $ 115,000

Pending Sales: 44

New Listings: 51

Active Listings: 76

Months of Inventory: 1.7

Rentals:

Leases: 54

Average Rent: $1,686

Median Rent: $1,730

Pending Leases: 28

New Listings: 62

Active Listings: 78

Months of Inventory: 1.7

My Possibilities' 'North Texas Santa Run returns to Plano on Dec. 6 - Star Local: News

My Possibilities' 'North Texas Santa Run returns to Plano on Dec. 6 - Star Local: News



A worthy event you might consider.

Dallas Area Residential Sales Report for October

Single family sales were up by 13% for the month of October as compared to a year ago. The average sales price increased by 9% while the median sales price was up by 7%. Pending sales came in up a strong 20% indicating a strong month for November. The number of new listings increased by 2% but the number of active listings continued to fall and was down by 11%. The months of inventory remains very low at 2.6 months

Condo and townhouse sales remain strong up by 17%. The average price increased by 9% while the median price was up by 5%. Pending condo and townhouse sales were up by 35%. The number of new listings increased by 8% but this did not help the number of active listings which was down by 11%. The months of inventory is just as bad as the residential number and stands at 2.7 months.

Residential:

Sales: 7,859
Average Sales Price: $240,556
Median Sales Price: $185,000
Pending Sales: 6,987
New Listings: 8,912
Active Listings: 20,118
Months of inventory: 2.6

Condos and Townhouses:

Sales: 535
Average Sales Price: $213,467
Median Sales Price: $157,000
Pending Sales: 477
New Listings: 677
Active Listings: 1,384
Months of Inventory: 2.7

McKinney, TX Residential Sales Activity Report for September

Sales were down in McKinney by 8% for the month of September. The averages sales price was flat while the median sales price  declined by 4%. There was a sharp increase of 33% in the pending sales indicating October sales will be up. The number of new listings increased by 11% but this did not help the number of active listings which was down by 7%. The months of inventory continued to decline and now stands at 1.6 months. As in other areas until we see an increase in the number of active listings, this market will continue to be challenging for buyers.

Sales: 239

Average Sales Price: $259,598

Median Sales Price: $226,000

Pending Sales: 230

New Listings: 237

Active Listings: 360

Months of Inventory: 1.6

Information provided by The Real Estate Center at Texas A&M