Plano, TX Residential Sales Activity Report for November

Single-Family:

Sales were up in Plano in November by 22%. The average sales price increased by 16% while the median sales price increased by 21%. As in most other areas sales were concentrated in the price ranges above $200,000. Pending sales increased by 17%. The number of new listings declined by 2% while the active listings decreased by 21%. The months of inventory stood at 1.1 months.

Sales: 125

Average Sales Price: $324,039

Median Sales Price: $283,250

Pending Sales: 222

New Listings: 220

Active Listings: 336

Months of Inventory: 1.1

Condos and Townhouses:

There are very few condos and townhouses in Plano. Because of the very small supply the numbers of sales and other data can be very erratic and of not much value.

Leases:

Leases were up by 14% in November. The average rent price increased by 8% and the median rent increased by 7%. The number of pending leases jumped  by 226%. New listings were up by 16% and the number of active listings increases by 43%. However, this large increase did not help the months of inventory number which is still very low at 1.4 months.

Leases: 121

Average Rent: $1,851

Median Rent: $1,750

Pending Leases: 75

New Listings: 148

Active Listings: 212

Months of Inventory: 1.4

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

Richardson, TX Residential Sales Activity Report for November

Single-Family:

Sales were down in Richardson by 39%. This decline is not due to a lessening in demand but because there is such a huge shortage of properties for sale, buyers just can not find anything to buy. Every day I get emails from buyer’s agents wanting to know if I have anything coming up.

The average sales price was up by 10% while the median sales price increased by 12%. Pending Sales were down by 34%. Again due to the shortage of properties. The number of new listings shrank by 22% and the new listings dropped by 15%. The months of inventory stands at 1.1 months.

Sales: 63

Average Sales Price: $202,194

Median Sales Price: $187,000

Pending Sales: 59

New Listings: 73

Active Listings: 105

Months of Inventory: 1.1  

Condos and Townhouses:

Sales were up by 100%. The average sales price increased by 9% while the median sales price declined by 5%.

There are very few condos and townhouses in Richardson so these numbers tend to be very volatile.

Pending sales were down by 42%. The number of new listings increased by 7% and the active listings increased by 3%. The months of inventory is at 3.2 months.

Sales : 10

Average Sales Price: $110,392

Median Sales Price: $89,900

Pending Sales : 11

New Listings: 16

Active Listings: 39

Months of Inventory: 3.2

Leases:

Leases decreased by 29% in November. Just like single-family this decrease is due to a shortage of properties available for lease. The average rent increased by 4% while the median rent was flat. The number of pending leases jumped by 325%. The new listings decreased by 27% and the active leases decreased by 29%. The months of inventory is extremely low at 1.2 months.

Leases: 34

Average Rent: $1,546

Median Rent: $1,500

Pending Leases: 17

New Listings: 38

Active Listings: 48

Months of Inventory: 1.2

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

Far North Dallas REsidential Sales Activity Report for November

Single Family:

Sales were up by 25% in November. The average sales price jumped by 21% while the median sales price climbed by 17%. Pending sales were up by a strong 23%. The number of new listings declined by 1% while the number of active listings was down by 5%. The months of inventory remains very low and stands at 1.9 months.

Sales: 81

Average Sales Price: $427,003

Median Sales Price: $ 350,000

Pending Sales: 80

New Listings: 71

Active Listings: 191

Months of Inventory: 1.9

Condos and Townhouses:

Condo and townhouse sales were up by 32%. The average sales price increases by 14% while the median sales price jumped by 25%. These increases in sales prices indicate more sales in the upper price ranges. The Pending sales increased by 67%. New listings were down by 19% and the number of active listings declined by 36%. The months of inventory now stands at 1.4 months.

Sales: 33

Average Sales Price: $161,975

Median Sales Price: $140,000

Pending Sales: 35

New Listings: 34

Active Listings: 63

Months of Inventory: 1.4

Leases:

The number of new leases declined by 24%. The average rent fell by 4% while the median rent was off by 10%. It looks like the declines in rent was due to more of the smaller properties rent this month. The pending leases increased by 64%. The number of new listings was down by 6% and the number of active listings was off by 28%. The months of inventory now is at 1.4 months.

Leases: 31

Average Rent: $1,523

Median Rent: $1,350

Pending Leases: 18

New Listings: 44

Active Listings: 63

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

Cities Poised for a Surge in Sales

Cities Poised for a Surge in Sales

Dallas Area Residential Sales Activity Report for November

Single Family:

Sales were off by 1% in November. the average sales price increased by 9% while the median sales price was up by 12%. The increase in the median sales price is due to the large number of sales in the $200,000 to $400,00 price range. The number of pending sales increased by 6%. As usual the new listings declined by 3% and the active listings by 13%. The months of inventory stands at 2.5 months down from 2.6 last month.

Sales: 5.994
Average Sales Price: $ 240,921
Median Sales Price: $189,950
Pending Sales: 5,506
New Listings: 6,695
Active Listings: 18,461
Months of Inventory: 2.5

Condos and Townhouses:

Sales were up by 12%. The average sales price increased by 7% and the median sales price climber by 4%. Pending Sales were off by a slight 1%. The number of new listings dropped by 12% and the active listings were also down by 12%. The months of inventory stood at 2.7 months the same as last month.

Sales: 396
Average Sales Price: $212, 647
Median Sales Price: $160,500
Pending Sales: 366
New Listings: 448
Active Listings: 1,351
Months of Inventory: 2.7

Leases:

Rentals dropped of by 3%. The average lease price increased by 5% and the median lease price was up by 6%. The number of pending leases dramatically increased by 147%. This is simply a reflection of a very large number of leases that expired at the end of September. The numbers  should return to a more normal range next month. The number of new listings was down by 1% while the active listings declined by 9%.

Buyers' and Sellers' Confidence Diverges

Buyers' and Sellers' Confidence Diverges

Owning Still Trumps Renting in Overall Wealth

Owning Still Trumps Renting in Overall Wealth

Frisco, TX Residential Sales Activity Report for October

SINGLE-FAMILY

Sales were down by 7% in October. The average sales price increased by 17% while the median sales price was up by 11%.  Pending sales were down by 2%. The number of new listings increased by 7% but the number of active listings still declined by 6%. The months of inventory remains very low at 1.6 months. It’s very difficult to find a home in Frisco.

Sales: 279

Average Sales Price: $377,991

Median Sales Price: $311,000

Pending Sales: 253

New Listings: 323

Active Listings: 525

Months of Inventory: 1.6

CONDOS AND TOWNHOUSES

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

Sales were up by 50% in October. The average sales price increased by 5% and the median sales price increased by 9% compared to October of last year. The number of pending sales increased by 43%. The new listings were up by 9% while the active listings decreased by 36%. The months of inventory stands at 0.8 months! If you are trying to buy a condo or townhouse in Frisco it’s more difficult that trying to find a single-family to purchase.

Sales: 18

Average Sales Price: $221,831

Median Sales Price: $226,250

Pending Sales: 10

New Listings: 12

Active Listings: 14

Months of Inventory: 0.8

LEASES

Leases were up by 18% in October. The average rent increased by 1% and the median rent was flat. Pending leases increased by 163%. There was a sharp increase of 24% in the  number of new listings and a 48% increase in the active listings. While these appear to be large increases in the number of properties available, the months of inventory is only 1.7 months. A very short supply!

Leases: 124

Average Rent: $1,911

Median Rent: $1,700

Pending Leases: 63

New Listings: 181

Active Listings: 233

Months of Inventory: 1.7

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

McKinney Residential Sales Activity Report for October

Single-Family Residential:

Sales in McKinney in October were up by 7%. The average sales price climber by 15% while the median sales price increased by 11%.  Pending sales showed a small decline of 4%. The number of new listings declined by 7% and the number of active listings was down by 3%. The months of inventory is 1.6 months.

Sales: 233

Average Sales Price: $292,203

Median Sales Price: $250,000

Pending Sales: 182

New Listings: 243

Active Listings: 356

Months of Inventory: 1.6

Condos and Townhouses:

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

Condo and townhouse sales were up by 100% in October. The average sales price increased by 13% while the median sales price was up by 4%. Pending sales increased by 120%. The number of new listings increased by 25% and the number of active listings decreased by 43%. The months of inventory is 1.7 months.

Sales: 12

Average Sales Price: $195,404

Median Sales Price: $184,900

Pending Sales: 11

New Listings: 10

Active Listings: 13

Months of Inventory: 1.7

Leases:

Leases were down in October by 5%. The average rent increased by 10% and the median rent was up by 5%. The number of pending leases increased by 44%. The number of new leases was up by 4% and the number of active leases was down by 2%. The months of inventory stands at 1.2 months.

Leases: 87

Average Rent: $1,816

Median Rent: $1,680

Pending Leases: 44

New Listings: 110

Active Listings: 106