The third quarter statistics for Plano real estate and other Collin County communities show that foreclosures are a small part of the market. Plano Foreclosures represent only 5.2% of the total available market. The table below shows the most current information:
Total Inventory Foreclosures % of inventory
Plano 1433 75 5.2%
Frisco 1372 98 7.1%
Allen 513 33 6.4%
McKinney 967 66 6.8%
Foreclosure inventory is down about 19.7 % from a year ago. In the same period the traditional market inventory has declined by 10.7%. Demand for homes has been lower this year but the supply of available homes has declined at about the same rate as the demand. This leaves us in a fairly stable market. Certain price points are more sensitive to pressure from foreclosures than other price points. Of the total 1187 foreclosures available in the DFW real estate market the price point breakdown looks like the following:
Price Point Available Inventory Change vs. 10/2009
Up to $149,999 678 -23%
$150,000 to $199,999 179 -7.3%
$200,000 to $299,999 144 -20.9%
$300,000 to $499,999 99 -34.4%
$500,000 and above 87 +20.8%
Source NTREIS
No comments:
Post a Comment