Frisco Neighborhoods – Preston Lakes

Hello everyone, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, and I’m here to give you a market update for Preston Lakes in Frisco, TX, as of October 2024.

Let’s dive right into the data. Currently, there is a 4.5 Months Supply of Inventory in Preston Lakes. Over the last 12 months, we’ve seen a significant increase in the Months Supply of Inventory, with a whopping +214.69%.

Now, let’s talk about List to Sold Price percentage. In Preston Lakes, the List to Sold Price percentage is at 100.7%, which is a strong indicator of a balanced market.

When it comes to how quickly homes are selling, the median days on market in Preston Lakes is just 14 days. That’s pretty impressive!

And last but not least, the median sold price in Preston Lakes is $393,000. This gives you an idea of the average price point in the area.

So, what does all this data mean for buyers and sellers in Preston Lakes? Well, with the increase in Months Supply of Inventory, buyers may have more options to choose from. On the other hand, the List to Sold Price percentage and the low median days on market indicate a competitive market for sellers.

Whether you’re looking to buy or sell in Preston Lakes, it’s important to stay informed and work with a knowledgeable REALTOR® who can guide you through the process.

That’s all for now, folks! If you have any questions or are interested in buying or selling in Preston Lakes, feel free to reach out to me. Thanks for stopping by and have a great day!