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Old 08-27-2013, 06:36 AM
 
55 posts, read 65,929 times
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Nearly 98% or more of these Frisco & McKinney homes are brand new, I wanted to know about homes 10 years and older to get a better understanding of resale values. Builders selling brand new homes is not a good comparison as individual sellers don't do that, we sell "used" properties.
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Old 08-27-2013, 07:00 AM
 
Location: DFW - Coppell / Las Colinas
29,945 posts, read 34,545,221 times
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Quote:
Originally Posted by Maple Shade View Post
Nearly 98% or more of these Frisco & McKinney homes are brand new, I wanted to know about homes 10 years and older to get a better understanding of resale values. Builders selling brand new homes is not a good comparison as individual sellers don't do that, we sell "used" properties.
What I gave you is not all new Builder homes but all homes sold. Just in McKinney, the average year built is 2005.
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Old 08-27-2013, 07:35 AM
 
55 posts, read 65,929 times
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Thanks. I feel better about investing in DFW housing market.
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Old 08-27-2013, 09:26 AM
 
743 posts, read 1,063,282 times
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Quote:
Originally Posted by Rakin View Post
Keep in mind a few homes that stay on the market 200+ days can blow out the average of many that stay on the market less than 10 days.
You should use median, not average then.
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Old 08-27-2013, 09:43 AM
 
Location: DFW - Coppell / Las Colinas
29,945 posts, read 34,545,221 times
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Originally Posted by Considering Coming Back View Post
You should use median, not average then.
Anybody who wants more and better information should consult a RE Agent.
I'm just giving the guy some quick useful info.
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Old 08-27-2013, 09:45 AM
 
743 posts, read 1,063,282 times
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Quick, but not useful.
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Old 08-27-2013, 11:32 AM
 
16,092 posts, read 35,788,600 times
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Quote:
Originally Posted by Rakin View Post
No websites show sold days on market that I know. I get it direct from our MLS system.

The entire Dallas City zone shows 178 sales in the $500-800k range since June 1 with a very low average DOM of 46 days. This is for single family homes only.
Just guessing but wouldn't that be the price range in North Dallas and Lakewood (Lakewood Proper plus the new homes in adjacent areas plus some M-Street homes)?
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