Frisco Market Condition Report
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Transcript of Frisco Market Condition Report
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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