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Plano Texas Real Estate Blog
Helping You Make Better Real Estate Decisions - Advice, Opinion, Trials, Tribulations of the Dallas Real Estate Market and Community Resource Guide * 24 Hour Real Estate *

Tuesday, 17 January 2012
West Plano Market Statistics

I just love numbers, accurate numbers that is and the MLS doesn't use algorithims from public data.  They use real local data of private sales reported by the real estate industry.
I frequently get the question:  How much can we get off the home price?  Above is a chart for sub-area - 20-1 which is technically West Plano.  It shows you roughly 10% off the list price for the last 3 years.  Of course, there are many variables but you can use this as a guideline for a property that is priced correctly according to location and condition.  And if you got it for alot lower, well then you know you got a really sweet deal!

As a sidebar, the legislature decided to keep home sales private again so the only way to find out the selling price is through the MLS, if the buyer wanted it disclosed.  You still have that option despite what you might hear.
POSTED BY: Terry Smith - Broker Owner Smith & Smith Realty - 214.755.9895 AT 10:30 am   |  Permalink   |  0 Comments  |  E-mail this
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Smith & Smith Realty
Jerold and Terry Smith
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Licensed Texas Real Estate Broker - Owner
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