Plano Real Estate Update by Neighborhood
As you know there a lot of great neighborhoods in West Plano and today we'll look at Deefield, Whiffletree, Preston Meadows and Glen Meadows. There are so many conflicting reports and real estate is local, so neighborhood information is very valuable. That tells you how the market is. The charts below are from the MLS and although it goes back a year it's broken down by prior periods as noted. The best rule of thumb now is go with the last 3 months for a more accurate picture but it's good to see where we come from and if the market is better or worse...
DEERFIELD - WHIFFLETREE
As true in many West Plano neighborhoods inventory is down in Deerfield and Whiffletree. Sale price has drop but has been fluctuating, days on market is 74, less than 3 months, that will be a home in good condition, location and priced to sell. And they can sell quicker than this.
Sales have improved in Preston Meadows from last year. Again inventory is low. The sales price to list price of 98.3% means properties are priced competitively and selling close to list price.
Glen Meadows has been selling half their inventory the last two periods, again supply is low. A 99.24% sale to list price is outstanding for this jewel of a neighborhood. Also, take a look at the current sale price, it's up substantially from last two period meaning there is demand for this neighborhood.
[where:75093, West Plano real estate update]