COLLIN COUNTY MARKET UPDATE FOR DECEMBER 2014

December 2014 numbers in all categories were up as compared to December 2013 with the exception of Inventory of Homes for Sale – 16.3% and Months Supply of Inventory – 15.8% which reflect the continuing overall inventory shortage for potential buyers. New listings of 817 properties showed an increase of + 13.9% and Closed Sales of 1,118 was + 4.0% over last December. Both Average Sales Price of $293,119 and Median Sales Price of $256,220 showed an increase of just under + 7.0%.

Interest rates have not risen and have actually lowered recently, so buyers are still active as home affordability remains strong. The issue they will face is that Collin County overall showed a 1.3 Months Supply of Inventory and over 300 less homes available for sale than same time last year!

COLLIN COUNTY  New Listings 817  Closed Sales 1,118  Average Price $293,119  Median Price $256,220  Sold/List Price 97.5%  Average Days on Market 53  Average Months Supply 1.3

ALLEN  New Listings 74  Closed Sales 120  Average Price $319,707  Median Price $262,000  Sold/List Price 97.6% Average Days on Market 61  Average Months Supply 1.4

ANNA  New Listings 30  Closed Sales 30  Average Price $167,863  Median Price $161,500  Sold/List Price 97.5% Average Days on Market 64  Average Months Supply 1.8

CELINA  New Listings 20  Closed Sales 20  Average Price $263,888  Median Price $192,500  Sold/List Price 96.4% Average Days on Market 64  Average Months Supply 3.6

FAIRVIEW-LUCAS  New Listings 20  Closed Sales 20  Average Price $451,391  Median Price $378,000  Sold/List Price 98.7%  Average Days on Market 45  Average Months Supply 2.2

FRISCO  New Listings 196  Closed Sales 296  Average Price $360,610  Median Price $326,500  Sol/List Price 98.0% Average Days on Market 50  Average Months Supply 1.2

MCKINNEY  New Listings 157  Closed Sales 220  Average Price $287,795  Median Price $255,000  Sold/List Price 98.0%  Average Days on Market 50  Average Months Supply 1.2

MELISSA  New Listings 12  Closed Sales 18  Average Price $206,801  Median Price $184,961  Sold/List Price 95.2% Average Days on Market 63  Average Months Supply 2.4

MURPHY-PARKER  New Listings 18  Closed Sales 24  Average Price $343,425  Median Price $290,650  Sold/List Price 95.6%  Average Days on Market 61  Average Months Supply 1.2

PLANO  New Listings 188  Closed Sales 260  Average Price $299,449  Median Price $259,950  Sold/Price 97.8% Average Days on Market 48  Average Months Supply 1.0

PROSPER  New Listings 46  Closed Sales 48  Average Price $405,075  Median Price $417,277  Sold/List Price 94.8%  Average Days on Market 81  Average Months Supply 3.6

WYLIE  New Listings 65  Closed Sales 79  Average Price $223,009  Median Price $205,000  Sold/List Price 96.4%  Average Days on Market 51  Average Months Supply 1.2

Source: North Texas Real Estate Information Service (NTREIS)

Steve Lester, REALTOR® is with Keller Williams Realty living in Allen, Texas.

Email: SteveLesterHomes@gmail.com

Website: SteveLesterHomes.net

 

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