The housing market continues to be strong in Collin County as reflected by the most recent stats released by the Collin County Association of Realtors (CCAR) for February 2016 as compared to February 2015:
New Listings were up 21% to 1,479 in February 2016 compared to 1,222 in February 2015
Closed Sales Reported for February 2016 were 950, up 5.7% from February’s 899 number.
Average Sales Price rose 4.9% to $320,584 in February 2016 compared to $305,654 in February 2015
Median Sales Price rose 7% to $283,500 in February 2016 compared to $265,000 in February 2015
Percent of Original List Price Received remained consistent at 98% for both years
Days on Market Until Sale dropped 1 day from 43 days in February 2015 to 42 days in February 2016
These numbers all signal good news for both sellers and buyers. Escalating prices point to an increase in worth of the largest major investment made by most people: their home. A significant contributing factor could arguably be the number of companies moving into the area which is creating more competition for the homes available for sale. For more information about 9 companies moving into the area check out this article recently published by The Dallas Morning News.
If you’ve been considering selling, here are a couple of resources for you:
For a complimentary competitive market analysis of your home you can call me or visit this link
This blog series will give you an abundance of information about preparing your home for sale
Questions? Contact me at 214 620 1615 or 818 519 3670 or firstname.lastname@example.org…I’m here to help!
Sandy Setliff is a Realtor® with JP and Associates Realtors®. She specializes in residential real estate sales in Collin County (although she has been known to stray to other parts of the metroplex). She can be reached at 818 519 3670, 214 620 1615 or via email at email@example.com.