Plano Texas Real Estate Blog - Local Plano Real Estate.

Real Estate Update for Windhaven & Castlemere

Activity is very good in both neighborhoods, take a look at the absorption rate under inventory analysis.
This is a very good indicator of how fast your home will sell. It takes the total sales units and divides by the
total inventory for a year. You see there is only a two month supply of homes for the absorption rate. A normal inventory is 4-5 months. Also take a look at the median sales price -  there is a 11% increase from last year.  Median Days on market is around 30 days. Of course, this depends on the location, condition and pricing of the home.  This is an example of two neighborhoods that are doing well.
[where:75093, Real Estate Update, Windhaven, Castlemere]

Windhaven Market Conditions

It's no secret that inventory is low in some West Plano neighborhoods. So the good houses go quick, meaning updated and nothing to do unless you have a buyer that wants a project.  The biggest shout out is that around 70% of the listings in Windhaven sell within 60 days and 92% sell in 90 days, that's good news for sellers.  And for home buyers:  it's a great location in the Willow Bend area. Also you can see the sale to list price is 100% for homes on the market for over 120 days...and that's because the home was overpriced in the first place and by the time price reductions are taken, slowly but surely, the price gets low enough for a buyer to buy for the condition of the home.  It's a painful journey....



[where:75093, Windhaven Real Estate, Market Update]