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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in McKinney. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 972-943-0996
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| Average Home Price | $225,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $750,000 - $799,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in McKinney is | Increasing |
| Seller Activity for the past 90 days in McKinney is? | Increasing |
| Multiple Offers? | No |
| Multiple Offers Commentary | Foreclosure properties are attracting multiple offers as bargain hunters are looking to capitalize. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Rates are great. Time to close is up as lenders deal with a lot of refinances. |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | There is a good inventory. New home builders are moving ahead with development, so there are good opportunities for inventory homes. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | Dallas |
| Housing Hot Spots | Stonebridge Ranch, Craig Ranch and North of US 380. Heritage Ranch for the over 55 resort lifestyle. |
| Average Sold Price | $225,000 - View Graph Trend |
McKinney Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
Contact Information
Steve Davis
972-943-0996
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.60%
15 yr. jumbo rate: 3.96%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Steve Davis
RE/MAX DFW Associates
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 972-943-0996
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