Your Year in Summary for Hills at Prestonwood, Plano, TX 75093 - January 1, 2009 - December 31, 2009

Square Ft.	Number of Homes Sold	Average $ Per Sq. Ft.	Average Days on Market
<2499	5	$140.00	75
2500 - 2999	5	$107.00	50
3000 - 3499	12	$105.00	71
3500 - 3999	6	$109.00	57
4000+	6	$155.00	75

 

It's one of those days that's not ideal to go house hunting - Rain, Sleet - Yuk!   We are spoiled here...so grab a nice hot cup of something and take a look at this year end summary.  I bet many of you are curious how your neighborhood did for last year? Despite the economy and market forces, some ideal neighborhoods did quite well.  A total of 34 properties sold in the Hills at Prestonwood last year and 50% sold for under $400,000.  Goes to show desirable neighborhoods do well regardless of the real estate environment.  Especially when there was no bubble here...(it's in Preston Hollow, Park Cities & Uptown, a bubble in the bubble if you will...)

You might wonder how does that compare to 2008 and 2007 sales for The Hills?

2008 - 28 units

2007 - 43 units

As you can see it's better than last year but anything would be.  Now dollar per sq ft is dependent on a particular property, location and condition so you can't go by it alone, some homes will fetch better pricing then others.  It also has to to with a certain point in time.  So as we begin the spring selling season and yes it starts now, many West Plano neighborhoods are in need of more inventory.  The chart above gives you an idea of what you might expect to sell or buy for.  If you'd like to see your neighborhood, let me know and I'll do my best to post.  Stay warm, we still have a little bit to go on winter.

[75093,Plano,TX,West Plano,Hills at Prestonwood]

Hills at Prestonwood - Indian Creek Real Estate Update

These days you need to know the numbers before you buy or sell and it's good to take a look at the current trends by neighborhood.  You can see the Hills at Prestonwood and Indian Creek sales are better than the spring season 9 vs 11.  The median sales price has come down considerably due to the lower end market being much more active, under 500K due to scarcity of jumbo loan financing.  417K is the threshed before you jump into jumbo lending.  The sale to list price is 94.68% which indicates some properties might be priced too high in the beginning because sellers are making concessions.  As far as inventory goes almost 70% of the homes are selling within 90 days. You can bet the other 30% are high end properties over 600K. Pending properties has picked up (waiting to close).  If you have an opening price point home, chances are you have a great chance of selling it within 30 days and it looks like they are going to extend the first time home buyer take credit for another 6 months, bill went to senate on Thursday, we'll see...no changes, just an extension.






[where:75093, Plano, TX, Hills at Prestonwood, Indian Creek, real estate]