Collin County Real Estate Info.
� Nov. 19, 2007 - Are real estate sales still slipping for Collin County?
Sales data from October of 2006 and October of 2007 shows that the number of sales for Collin County is down by just over 220 (that's a lot, and ticking slightly up from September) and the average days on market is again slightly up. Both of these items are indicative of our current market with higher inventory (more homes for sale) and tougher mortgage requirements (i.e. even though rates are still great, fewer people can now qualify). What to watch: Price per square foot. The average fell slightly to $91/sq.ft. There could just be nominal differences causing this, so don't get alarmed just yet... but watch for a trend over several months. This could indicate falling home values.
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Number of Properties Sold in Collin County Oct. 2006: 1152
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Square Feet
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Bedrooms
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Full Baths
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Half Baths
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List Price
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Sale Price
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Price per Square Foot
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Days on Market
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Avg
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2558
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3
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2
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0
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$244,619
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$237,240
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$92
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66
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Number of Properties Sold in Collin County Oct. 2007: 930
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|
Square Feet
|
Bedrooms
|
Full Baths
|
Half Baths
|
List Price
|
Sale Price
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Price per Square Foot
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Days on Market
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Avg
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2576
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3
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2
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0
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$244,623
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$235,210
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$91
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75
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Ryan Cave, The "Caveman"
Truth, Honor & Personal Integrity
214-789-9366
www.CaveRealty.com |
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