Good day, everyone! I’m Marie Walton, a dedicated REALTOR® from Ebby Halliday, REALTORS. Today, I’m thrilled to bring you an exciting market update for the vibrant community of Grayhawk in Frisco, Texas. So, whether you’re a prospective buyer or seller, this update is designed to keep you engaged and informed. Let’s dive right in!

As of August 2023, the real estate market in Grayhawk is buzzing with activity. And here’s the first fascinating statistic that caught my eye: we currently have a 2.63 Months Supply of Inventory. Now, what does that mean? It implies that if no new homes were listed, the existing inventory would be sold out within 2.63 months. This indicates a healthy demand for properties in this desirable neighborhood.

But what’s even more intriguing is the fact that over the last 12 months, the Months Supply of Inventory has plummeted by a remarkable 40.36%. This significant decline signifies a growing market and an increased sense of urgency among buyers. So, if you’ve been considering selling your home, now might be the perfect time to make your move.

Now, let’s talk about one of the most crucial aspects for sellers – the List to Sold Price percentage. In Grayhawk, you’ll be delighted to know that homes are selling at an impressive 99.3% of their listing price. This exceptional figure highlights the strong negotiating power of sellers in this market. Rest assured, your investment in this community is likely to yield a great return.

Time is of the essence, and in Grayhawk, homes are not sticking around for long. The median days on the market currently stand at just 17 days. That’s right – in less than three weeks, properties are finding their new owners. So, buyers, make sure you’re prepared and act swiftly when you find the home of your dreams.

Last but certainly not least, let’s talk numbers. The median sold price in Grayhawk is currently $665,000. This robust figure indicates a growing market, and it’s a testament to the desirability and value of homes in this community. Whether you’re a buyer or seller, it’s crucial to be aware of this benchmark as you navigate the market.

And there you have it, folks – an insightful market update for Grayhawk in Frisco, Texas. I hope you found this information engaging and valuable. If you have any questions or need expert guidance, don’t hesitate to reach out to me  at Ebby Halliday, REALTORS. I’, here to assist you every step of the way.