MCR

MARKET CONDITION REPORT

FRISCO, TX
August-2013

FRISCO 13 MONTH MARKET HISTORY MEDIAN PRICE AND DEMAND (CLOSINGS)

MONTH

PRICE

13 MONTH MEDIAN PRICE AND DEMAND HISTORY

$350,000

CHANGE

AVERAGE
PRICE PER
SQFT

TOTAL
CLOSINGS
EVALUATED

REO
CLOSING

244
297
209
198
155
174
132
130
223
267
316
323
328

12
10
9
18
8
12
10
12
10
10
15
11
7

$295,250

CHANGE

AVERAGE
CLOSE PRICE

-$10,750
$4,500
$9,250
-$13,750
$9,000
-$8,500
$17,500
-$13,500
$19,000
$14,000
-$8,000
$250

$309,941
$301,722
$317,732
$344,319
$314,068
$299,678
$303,146
$325,891
$321,373
$340,383
$353,296
$345,138
$333,467

-$8,219
$16,010
$26,587
-$30,250
-$14,390
$3,467
$22,745
-$4,519
$19,010
$12,913
-$8,157
-$11,672

$98
$97
$101
$106
$99
$97
$97
$102
$104
$106
$109
$107
$107

PRICE
RANGE

ON MARKET
LISTED
(SUPPLY)

CLOSED
MONTH
(DEMAND)

FAIL
MONTH

PERCENT
SELLING

IN
ESCROW

DAYS ON
MARKET

RATIO OF
SELLERS TO
BUYERS

MEDIAN
ASK PRICE
(000)

$100,000-$200,000

32

45

3.00

94%

90

25

0.7

$185

$180

$184

$200,001-$300,000

74

128

7.00

95%

127

85

0.6

$257

$245

$249

$300,001-$400,000

112

86

10.00

90%

88

41

1.3

$354

$334

$344

$400,001-$500,000

124

44

8.00

84%

79

67

2.9

$450

$440

$434

$500,001-$600,000

72

16

5.50

74%

24

97

4.6

$542

$530

$551

$600,001-$700,000

42

11

79%

22

44

3.8

$662

$650

$652

$700,001-$800,000

26

67%

57

8.7

$750

$737

$733

$800,001-$900,000

18

63%

41

7.2

$850

$825

$868

$900,001-$1,000,000

21

67%

93

21.0

$950

$935

$933

1,000,001+

43

62%

129

10.8

$1,500

$1,287

$1,375

TOTALS

564

340

43

89%

452

63

1.7

$451

$310

$300

DATE
Jul-12
Aug-12
Sep-12
Oct-12
Nov-12
Dec-12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
TREND
MONTH

MEDIAN
CLOSE PRICE

DEMAND

$276,250
$265,500
$270,000
$279,250
$265,500
$274,500
$266,000
$283,500
$270,000
$289,000
$303,000
$295,000
$295,250

+$2,422

$276,250

$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
$0
J

A S O N D

F M A M J

TOTAL CLOSINGS EVALUATED

244

328

350
300
250
200
150
100
50
0
+$573PRESENT
+$2,909
-$196
$0.79
7.48
-0.12
ACTIVITY BY PRICE RANGE FOR THE CITY OF FRISCO, TX SFR ONLY
MEDIAN
MEDIAN
IN ESCROW CLOSE PRICE
PRICE (000)
(000)

The Ratio Of Sellers To Buyers measures the number of units of supply relative to the number of units closing per month (demand). All other
things being equal, the smaller this number, the tighter the county market. Price ranges exhibiting a high number of sellers per buyer will be less
likely to experience positive price movements.
50% of all Frisco listed property (supply) is above $451K, 50% of closed property (demand) is below $300K.
Red formatting in the sellers to buyers column signals a price range that is looser than average. (See Note Below).
Due to the low 1.7 seller/buyer ratio, the market is tight. Transition to a loose market lies above 3.0 sellers for each buyer.
The Hexter-Fair First American 6 Month Price Estimate based on current trending is $308,000.

MCR TIP: High relative seller/ buyer ratios signal a more competitive market in the price range. Higher levels of price competition can be
expected. Low buyer's agent showing frequency, high relative ratios, and extended DOM generally signal overpriceing relative to current
competion in the range.
BELIEVED ACCURATE BUT NOT GUARANTEED