Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday, REALTORS. Welcome back to my blog, where I bring you the latest market updates to help you make informed decisions. Today, we’re diving into the vibrant Crown Ridge neighborhood in Frisco, Texas. So, whether you’re a buyer or a seller, this update is for you.
Let’s start with the numbers. Currently, Crown Ridge has a 1.03 Months Supply of Inventory. Now, what does that mean? It means that if no new listings were to hit the market, it would take just over a month for all the existing homes to be sold. This indicates a highly competitive market, where buyers need to act fast to secure their dream home.
Looking at the bigger picture, the Months Supply of Inventory has seen a significant decrease of 62.82% over the last 12 months. This means that there’s been a surge in demand, resulting in fewer homes available for sale. Sellers, this is great news for you, as it suggests a strong seller’s market with potential for increased home values.
Now, let’s talk about the List to Sold Price percentage. In Crown Ridge, homes are selling at an impressive rate of 98.2% of their listed price. This demonstrates the competitiveness of the market and the value that buyers are placing on these properties. So, sellers, if you price your home strategically, you’re likely to attract strong offers.
Next up, the median days on market. Currently, homes in Crown Ridge are spending an average of 58 days on the market before they’re sold. This indicates a relatively quick turnaround time, allowing sellers to move on to their next chapter with minimal waiting. Buyers, keep in mind that you may need to act swiftly to secure your desired home in this fast-paced market.
Lastly, let’s touch on the median sold price in Crown Ridge, which stands at $700,000. This figure represents the midpoint of all the homes sold in the area. It’s essential to understand this value when making pricing decisions as a seller or evaluating the market as a buyer. Remember, each property is unique, and prices can vary based on size, condition, and other factors.
That wraps up our market update for Crown Ridge in Frisco, Texas. Whether you’re looking to buy or sell, it’s crucial to stay informed about the current trends and statistics. Remember, real estate is a dynamic market, and having a knowledgeable REALTOR® by your side can make all the difference.
Marie Walton: If you have any questions or need assistance in navigating the Crown Ridge real estate market, feel free to reach out to me. I’m here to help. Don’t forget to subscribe to my blog to stay updated with future market updates.
Marie Sells Dallas 