The residential real estate market in Frisco is out of it’s mind the past couple weeks. This is due to timing and supply of available homes on the market. Since this is the beginning of summer and a high selling season for homes in general, adding the historical low interest rates and exemplary schools in Frisco ISD, you have a very healthy appetite for homes in this area. And it begins with pre-owned homes in estatblished neighborhoods.
I heard this morning that in Pearson Farms in Frisco, a home was just contracted in 2 days because a realtor had set a family up on alerts as soon as a home came on the market, then it was just gone. Personally, I just listed a home in Turnbridge manor and in 13 days the home had a contract on it and ready to close in less than 30 days. I also forgot to mention that there were 24 SHOWINGS as well!
Enough with the pre-owned, let’s talk new homes. Richwoods in Frisco started selling March and in just 2 months, they have amassed 58 Contracts! 58 Contracts! (That’s a lot of homes in a so-called bad economy and bad real estate market, you think?) Lawler Park in Frisco is also seeing the same amount of interest from both Darling and Highland reporting in. And the Phillips Creek Ranch development, can’t handle the inquiries that come in on a daily basis, that they have created a FaceBook page where buyers can ask questions and see updates on the many builders when they happen. There is also a new Blog called Update Frisco that will be giving updates, pictures and videos as things happen in all 3 communities.
Again, you can ask any builder, developer, realtor or seller in Frisco and they will all tell you the same thing. I guess it is finally time you make the move people and buy a home!!!