Welcome to February! While the calendar might say it’s the shortest month, the Collin County housing market is anything but quiet. We’re sharing with you the latest updates on trends, prices, and key insights to help you navigate your real estate journey.
This week’s featured video is a home tour of a Bloomfield brand new construction home in McKinney Texas with Melissa ISD starting at $610,000. Take a look and let us know if you are ever interested in new construction homes around Collin County Texas. We’ve built strong connections with numerous builders across North Texas and are well-versed in their processes, ensuring a smooth journey for our clients, free of any surprises.
Check out the video and let us know if you or anyone you know would like more info on Wylie and the surrounding areas….
Our Hottest Listings
We have several listings coming soon in the North Texas area between $500k-$850k, between 1600 sq ft – 3700 sq ft. If this size home interests you, just email us or call us we’re excited to give you the info.
Market Update
🏡 For Sellers: This period has seen a remarkable increase in both the cost per square foot and average sold price, presenting a favorable scenario for sellers. Despite a decrease in the total number of new listings, the rise in under contract homes points to sustained buyer interest. Now might be an opportune time to list, with potential for higher sale prices and a somewhat quicker selling process.
🏡 For Buyers: The market is showing a significant uptick in the cost per square foot and average sold price, indicating that while fewer homes are selling, those that do are fetching higher prices. The slight decrease in average days on market suggests that homes are moving faster, making it crucial for buyers to act swiftly and decisively.
—
The current market dynamics underscore a competitive environment, with notable changes in pricing and selling speed. For buyers, the landscape demands quick action and a readiness to meet seller terms. Sellers, on the other hand, might find the current market conditions advantageous for achieving desirable sale outcomes.
Remember, every property and situation is unique. For tailored advice and insights into how these trends affect your specific real estate goals, feel free to reach out or schedule your free real estate consultation with us…
Stay informed, stay ahead, and let’s make your real estate dreams a reality in Collin County!
Have an amazing and fun weekend!
