If you caught my last blog you read about some of the personal motivation factors that determine a person’s readiness to buy. Knowing how market indicators can be motivational to many people, here’s a quick update on some of those indicators in Collin County.
Looking at the January 2012 market data on housing sales and availability in Collin County we have some good news, especially for sellers. When we look at the numbers for January 2012 we find that new listings in Collin County were down 5.9% over this time last year: 1,263 homes were listed in January this year compared to 1,342 in January last year. That’s good news for sellers because there’s less competition. The average number of days on market decreased 6% to 104 days versus 111 days last January. The actual number of sales closed climbed a scant 1.8% (from 545 last January to 555 this January) but we’ll take it since that number is moving in the right direction. The number of listings under contract in January rose 12.7% with the average sales price rising to $242, 638 (up 4.3% over January 2011).
Interested in more specifics? As you’ll see below, the numbers are all over the page and vary by city. Here’s the statistics for January 2012 (compared to January 2011) for a few of the cities in Collin County:
New Listings # Sales Closed Avg Sales Price Avg Days on Market
This information is both interesting and useful. However, let me offer just a few caveats before you form any concrete conclusions. The statistical data above is taken from a report provided by the Collin County Association of Realtors. It is accurate information and, it is a snap-shot comparing only one month over the same month last year. Trends can really only be analyzed over a longer period of time so be careful to draw conclusions based on this one month’s information. Also, the number of home sales in your city could be down, but the actual number of homes sold in your subdivision may be up or vice versa. The same could apply to the average sales price or other categories listed above. A good Realtor® can help with specifics for your home and your neighborhood.
Which brings us full circle to my previous blog on this topic. Yes, market data is important in influencing your readiness to buy or sell but more important is knowing your own criteria and knowing when you will be ready. Whether your motivations are personal factors, market data, or both...your Realtor® can help…I would love that to be me.
Sandy Setliff is a Realtor® with JP and Associates Realtors®. She specializes in residential real estate sales in McKinney, Allen, Frisco, Anna and Melissa, Texas. She can be reached at 214 620 1615 or via email at firstname.lastname@example.org.
Author:Sandy Setliff Phone: 214-620-1615 Dated: February 27th 2012 Views: 3,762 About Sandy: Sandy Setliff, a longtime resident of North Texas, specializes in residential real estate sales in N...
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: email@example.com
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
I read recently that the CEO of Zillow.com, Spencer Rascoff collected
"Jennifer was such a pleasure to work with, I couldn't have asked for a better realtor! She holds very strong values and takes pride in her work; she delivers on everything that is possible to ensure Her client gets the best deal every step of the way. Jennifer is a great spirit, and I will always be thankful that we crossed paths as I bought my first home!"