COLLIN COUNTY MARKET UPDATE FOR JANUARY 2015

January was a true indicator of the shortage in inventory of available homes in Collin County currently for sale as compared to January 2014. New Listings were down almost 11% which resulted in Inventory of Homes for Sale showing a – 20.1% change and Months Supply of Inventory reflecting a change of – 19.9% or 1.3 months as compared to last January.

The shortage of homes for sale was also evident in the continuing rise in home prices as the Average Sales Price increased + 18.2% to $301,484 and the Median Sales Price rose + $255,500 or an increase of +16.2%.

Collin County  New Listings 1,138  Closed Sales 702  Avg. Sales Price $301,484  Median Sales Price $255,500  Sold/List Price 97.2%  Avg. Days On Market 58  Avg. Months Supply 1.3

Allen  New Listings 104  Closed Sales 62  Avg. Sales Price $326,584  Median Sales Price $273,000  Sold/List Price 97%  Avg. Days On Market 57  Avg. Months Supply 1.2

Anna  New Listings 46  Closed Sales 21  Avg. Sales Price $187,795  Median Sales Price $178,000  Sold/List Price 97.2%  Avg. Days On Market 42  Avg. Months Supply 1.8

Celina  New Listings 29  Closed Sales 8  Avg. Sales Price $259,274  Median Sales Price $234,000  Sold/List Price 95.5%  Avg. Days On Market 69  Avg. Months Supply 3.3

Fairview-Lucas  New Listings 28  Closed Sales 19  Avg. Sales Price $420,589  Median Sales Price $335,000 Sold/List Price 96.2%  Avg. Days On Market 83  Avg. Months Supply 2.1

Frisco  New Listings 293  Closed Sales 163  Avg. Sales Price $367,489  Median Sales Price $335,000  Sold/List Price 97.5%  Avg. Days On Market 49  Avg. Months Supply 1.3

McKinney  New Listings 190  Closed Sales 145  Avg. Sales Price $291,263  Median Sales Price $259,990  Sold/List Price 97.9%  Avg, Days On Market 60  Avg. Months Supply 1.2

Melissa  New Listings 26 Closed Sales 14  Avg. Sales Price $228,160  Median Sales Price $219,270  Sold/List Price 97.6%  Avg. Days On Market 78  Avg. Months Supply 2.8

Murphy-Parker  New Listings 33  Closed Sales 17  Avg. Sales Price $349,768  Median Sales Price $353,000 Sold/List Price 97.7%  Avg. Days On Market 36  Avg. Months Supply 1.6

Plano  New Listings 282  Closed Sales 185  Avg. Sales Price $328,862  Median Sales Price $255,000  Sold/List Price 97.6%  Avg. Days On Market 55  Avg. Months Supply .09

Prosper  New Listings 79  Closed Sales 29  Avg. Sales Price $383,751  Median sales Price $360,000  Sold/List Price 94.7%  Avg. Days On Market 132  Avg. Months Supply 3.7

Wylie  New Listings 104  Closed Sales 50  Avg. Sales Price $247,468  Median Sales Price $206,000  Sold/List Price 97.2%  Avg. Days On Market 45  Avg. Months Supply 1.4

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

https://www.facebook.com/SteveLesterHomes

 

 

 

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