Collin County Texas Town Index

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If you have any questions or need more detailed information, please feel free to contact me via phone at 972.529.2394 or fill out the form to let us know how we can help with your real estate needs.

Office Location Stonebridge Ranch,
McKinney, Texas 75071
Phone: (972) 529-2394
Mike's Cell: (214) 727-3686
Jenee's Cell: (214) 727-3401
Fax: (972) 692-0435

MARKETS REBOUNDING COLLIN COUNTY HOUSING UP 229% IN FEBRUARY 09 COMPARED TO JANUARY 09, U.S. MARKET UP 5.1% IN FEBRUARY

Posted by Mike Askins on Monday, March 23rd, 2009 at 9:24am.

This may be further confirmation of a market that has bottomed and is now in the early stages of a come back. Collin County, namely Allen, Frisco, McKinney and Prosper saw a total of 272 homes sold in January. In February this number leaped to 622, a 229% increase. 

Texas has the nation's top 5 housing markets and although we have had our share of problems, we have not had the issues that have affected California, Arizona, Nevada, both costs and Florida. Texas will be leading the U.S. market recovery and the stigma we have seen as a result of a lot of negative reporting from the major news networks will abate if housing continues to show positive signs. 

As reported today in the news, February existing home sales rose by 5.1%. Prices were down, but the lower prices have brought many new buyers into the market. The second leg of the recovery will be when job growth begins to give more people opportunities to participate in the housing market.

What Does This Mean For Buyers NOW?

In a nutshell; Recovery = more buyers in the market. More buyers = greater market demand. Greater market demand = rising prices & rising interest rates. Rising costs = larger monthly house payments. Supply and demand is essentially governed by natural law and so IF you are thinking about BUYING, you should be seriously considering NOW as the time to lock in a lower monthly housing cost for many years to come.

JANUARY COLLIN COUNTY HOUSING RESULTS - HOMES THAT SOLD

ALLEN - 53

FRISCO - 115

MCKINNEY- 83

PROSPER -21

TOTAL SALES= 272  

FEBRUARY COLLIN COUNTY HOUSING RESULTS - HOMES THAT SOLD

ALLEN - 109

FRISCO - 284

MCKINNEY- 188

PROSPER -41

TOTAL SALES = 622

The moral to the story might be this: For those circling above for the deal of the century, you might instead be witnessing others getting the 'deal' you wanted at the rock bottom price you were hoping for!

Questions? Call mike_96 at 214-727-3686 - Mobile


1 Response to "MARKETS REBOUNDING COLLIN COUNTY HOUSING UP 229% IN FEBRUARY 09 COMPARED TO JANUARY 09, U.S. MARKET UP 5.1% IN FEBRUARY"

MORTGAGE RATES TUMBLE 4/10THS OF A PERCENT TO 4.8%!! GET READY NOW TO ACT wrote:
[...]sales statistics in Collin County, this "Low" spot might have already come and gone as housing sales figures are up sharply. Hopefully in the next 12-18 months we will come out of this and those who took the opportunity to[...]

Posted on Monday, March 23rd, 2009 at 11:13 AM.



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