Frisco Market Condition Report

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This report shows stats from the real estate market for the City of Frisco, TX during the months of June-July, 2015.

Transcript of Frisco Market Condition Report

  • PRICE

    RANGE

    ON MARKET

    LISTED

    (SUPPLY)

    CLOSED

    MONTH

    (DEMAND)

    (X-C-W)

    FAIL

    MONTH

    PERCENT

    SELLING IN ESCROW

    DAYS ON

    MARKET

    (CLOSED)

    RATIO OF

    SUPPLY TO

    DEMAND

    MEDIAN

    ASK PRICE

    (000)

    MEDIAN

    IN ESCROW

    PRICE (000)

    MEDIAN

    CLOSE PRICE

    (000)

    $000,000-$100,000 0 .0 .5 0% 1 0 0.0 $0 $65 $0

    $100,001-$200,001 8 13.5 1.0 93% 17 38 0.6 $184 $188 $184

    $200,001-$300,000 52 85.5 8.0 91% 130 50 0.6 $278 $255 $260

    $300,001-$400,000 100 74.5 8.5 90% 117 53 1.3 $366 $350 $348

    $400,001-$500,000 90 59.5 9.0 87% 90 95 1.5 $450 $443 $445

    $500,001-$600,000 98 28.0 6.0 82% 50 104 3.5 $550 $559 $546

    $600,001-$700,000 58 10.0 2.5 80% 44 104 5.8 $639 $640 $648

    $700,001-$800,000 26 6.5 2.5 72% 14 139 4.0 $756 $748 $730

    $800,001-$900,000 26 7.0 .5 93% 12 151 3.7 $853 $826 $840

    $900,001-$1,000,000 10 1.0 .5 67% 5 170 10.0 $950 $939 $940

    1,000,001+ 47 5.0 1.5 77% 4 86 9.4 $1,550 $1,453 $1,313

    TOTALS 515 291 41 88% 484 72 1.8 $515 $388 $360

    Red formatting in the sellers to buyers column signals a price range with a relatively high count of sellers to buyers (loose price range).

    RATIO OF SELLERS TO BUYERS SCALE: 1-3 is a seller's market; 4-5 transitions to buyer's market; above 5 is a buyer's market.

    Green formatting in the history box signals the best performing months for demand, 30 day entry into escrow, and days on the market.

    The rate of appreciation is the speed of change in median price. This rate speeds up or slows down (negative red value) over time.

    FRISCO, TXJune-July 2015

    FRISCO 13 MONTH MARKET HISTORY MEDIAN PRICE AND DEMAND (CLOSINGS)

    PRESENT ACTIVITY BY PRICE RANGE FOR THE CITY OF FRISCO, TX (SFR ONLY)

    MCR MARKET CONDITION

    REPORT

    The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other things being equal, the smaller this number, the tighter the market. Price ranges exhibiting a high number of sellers per buyer will be less likely to experience positive price movements.

    MCR TIP: The condition of the market depends upon the price range in which a property is competing. High relative seller/buyer ratios signal a more competitive price range (RED FORMAT). Elevated levels of price competition can be expected in those segments. Low showing frequency and extended DOM generally signal overpricing relative to current competition. Timely price adjustment to market price based on the level of agent showings increases closing probability and reduces time on the market. To increase showings, the seller needs to eliminate active competition in his price range by reducing price.

    DATE

    DEMAND

    (CLOSINGS)

    GAIN/LOSS

    OF RATE

    DATE

    MEDIAN CLOSE

    PRICE

    AVERAGE PRICE

    PER SQFT

    TOTAL

    CLOSINGS

    EVALUATED

    PERCENT OF

    CLOSINGS

    WITH DOM

    LESS THAN 30

    DAYS

    AVERAGE DAYS

    ON THE

    MARKET

    CLOSED

    LISTINGS

    AVERAGE

    ESCROW

    TIME

    AVERAGE

    TOTAL TIME

    TO SELL

    AND CLOSE

    APPRECIATION

    RATE

    (CHANGE

    MONTH)

    May-14 $342,000 $118 313 64% 41 46 87

    Jun-14 $335,000 $117 412 75% 33 40 73 -.17%

    Jul-14 $330,000 $117 377 69% 37 37 74 -.12%

    Aug-14 $319,950 $118 344 52% 45 39 84 -.25%

    Sep-14 $315,300 $118 273 51% 44 31 75 -.12%

    Oct-14 $334,250 $123 230 42% 65 43 108 .50%

    Nov-14 $325,000 $120 197 45% 64 38 102 -.23%

    Dec-14 $364,000 $122 245 45% 62 37 99 1.00%

    Jan-15 $350,000 $123 137 39% 64 37 101 -.32%

    Feb-15 $345,000 $123 161 48% 64 36 101 -.12%

    Mar-15 $363,500 $125 231 45% 59 34 93 .45%

    Apr-15 $350,000 $127 250 32% 69 39 108 -.31%

    May-15 $363,250 $130 294 18% 73 38 111 .32%

    TREND

    PER MONTH $2,807 $0.99 12.7 3.4% 3.06 0.36 2.70 0.03%

    FRISCO MEDIAN PRICE13 MONTH MEDIAN PRICE AND DEMAND HISTORY

    THE ANNUAL APPRECIATION RATE IN FRISCO BASED ON 13 MONTHS OF MARKET ACTIVITY IS 10.47% AND INCREASING.

    TIME

    313

    412377

    344273

    230197

    245

    137 161231 250

    294

    0

    100

    200

    300

    400

    500

    M-1

    4

    J-14

    J-14

    A-1

    4

    S-14

    O-1

    4

    N-1

    4

    D-1

    4

    J-15

    F-15

    M-1

    5

    A-1

    5

    M-1

    5

    TOTAL CLOSINGS EVALUATED

    $0

    $100

    $200

    $300

    $400

    M-1

    4

    J-14

    J-14

    A-1

    4

    S-14

    O-1

    4

    N-1

    4

    D-1

    4

    J-15

    F-15

    M-1

    5

    A-1

    5

    M-1

    5

    Thou

    sand

    s

    MEDIAN CLOSE PRICE

    BELIEVED ACCURATE BUT NOT GUARANTEED