| Market Commentary Provided by Jon Callaway If you can qualify, now is an exceptional time to buy a home in Prosper and Little Elm. Low rates with falling home prices makes a home purchase a great value! Foreclosures, short sales and builder spec inventory can be great opportunity for the buyer who wants to position themselves for a great future equity appreciation opportunity. New commercial, retail and master planned communities are poised for next growth explosion for Prosper and Little Elm, Texas. Call now for more information at 214-632-6189 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
|
|||
| Nearest Metro Area | Frisco | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 60-90 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $300,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $750,000 - $799,000 | ||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 90-95% | ||||
| Multiple Offers? | No | ||||
| Multiple Offers Commentary | Well priced and well maintained homes are selling in Prosper and Little Elm | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Prosper and Little Elm is | Increasing | ||||
| Seller Activity for the past 90 days in Prosper and Little Elm is | No Change | ||||
| Is Financing Available For Qualified Buyers in Prosper and Little Elm? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Trails od Prosper, Preston Lakes and Willow Ridge | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $300,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
|||||