75093 Plano Real Estate Market Challenge

PLANO, Texas - April 4, 2018 - PRLog -- 75093 Real Estate Market Report
First Quarter 2018

If you are a resident or potential buyer in the Plano 75093 area, you may want to pay attention to real estate trends for this market.  The first quarter of 2018 saw tremendous sales activity in the 75093 zip code of Plano TX.  The inventory of single family homes in the 75093 neighborhood has remained relatively low, while the demand for homes has stayed strong.  As expected, renovated homes priced smart commanded the highest dollars in sales figures.

Lets break down the 75093 real estate market for 1st Quarter 2018!

There were 111 single family homes that SOLD in the first quarter of 2018.  There were 40 homes that failed to sell in 75093.  This means the listings were either cancelled, expired, or withdrawn from the multiple listing service (MLS).  This does not include homes that are still listed for sale, or have not sold yet.

There are many styles of homes located within the 75093 Plano area.  New homes, older homes, Mediterranean style homes, brick homes, etc.  The average 75093 home description sold in 1st quarter 2018 was 4 bedroom, 3.1 bathroom, 2 car garage, 3,635 square feet, and built around 1992. As described before, every home is different and your home may differ.

The average listing price in 75093 1Q18 was $674,000, and the average selling price was $624,500.  Pricing your home is one of the most important decisions. Sometimes we will meet sellers who want to price high with the expectation of settling on a lower price.  We recommend pricing at a competitive market value to increase chances of multiple offers, above asking sales prices, and to maximize net sales prices.

The average amount of time it took to sell a home in 75093 in the first quarter of 2018 was 59 days!  This is typically the time it took from day one listing to the day the house was put under contract.  We recently sold a home in 75093 Plano TX for record neighborhood price in under 5 days!  Days on the market to sell a 75093 home all goes back to smart pricing, and home marketing strategies.

The highest sales price in 75093 was $3 million, and the lowest sales price was $236,000 for a single family home.

The average sales price per square foot in 75093 was $164.65.

The highest 75093 sales price per square foot was $393.04

The average home seller in 75093 received 97% of their asking price!

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