MCR

MARKET CONDITION
REPORT

FRISCO, TX
June-July 2015

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

A-15

M-15

M-15

J-15

F-15

D-14

N-14

S-14

O-14

J-14

A-14

J-14

$0

TOTAL CLOSINGS EVALUATED

500

400

412
313

377

344
273

300

230

197

231 250

245

294

137 161

200
100

$2,807

$0.99

12.7

3.4%

3.06

0.36 2.70 0.03%

M-15

A-15

TREND
PER MONTH

$100

M-15

May-15

$200

F-15

Apr-15

-.17%
-.12%
-.25%
-.12%
.50%
-.23%
1.00%
-.32%
-.12%
.45%
-.31%
.32%

$300

J-15

Mar-15

87
73
74
84
75
108
102
99
101
101
93
108
111

D-14

Feb-15

46
40
37
39
31
43
38
37
37
36
34
39
38

N-14

Jan-15

41
33
37
45
44
65
64
62
64
64
59
69
73

O-14

Dec-14

64%
75%
69%
52%
51%
42%
45%
45%
39%
48%
45%
32%
18%

$400

S-14

Oct-14
Nov-14

313
412
377
344
273
230
197
245
137
161
231
250
294

MEDIAN CLOSE PRICE

AVERAGE APPRECIATION
TOTAL TIME
RATE
TO SELL
(CHANGE
AND CLOSE
MONTH)

A-14

Sep-14

$118
$117
$117
$118
$118
$123
$120
$122
$123
$123
$125
$127
$130

AVERAGE
ESCROW
TIME

13 MONTH MEDIAN PRICE AND DEMAND HISTORY

M-14

Jul-14
Aug-14

$342,000
$335,000
$330,000
$319,950
$315,300
$334,250
$325,000
$364,000
$350,000
$345,000
$363,500
$350,000
$363,250

AVERAGE DAYS
ON THE
MARKET
CLOSED
LISTINGS

J-14

Jun-14

AVERAGE PRICE
PER SQFT

PERCENT OF
CLOSINGS
WITH DOM
LESS THAN 30
DAYS

J-14

May-14

MEDIAN CLOSE
PRICE

TOTAL
CLOSINGS
EVALUATED

GAIN/LOSS
OF RATE

TIME

M-14

DATE

DEMAND
(CLOSINGS)

FRISCO MEDIAN PRICE

Thousands

DATE

THE ANNUAL APPRECIATION RATE IN FRISCO BASED ON 13 MONTHS OF MARKET ACTIVITY IS 10.47% AND INCREASING.
PRESENT ACTIVITY BY PRICE RANGE FOR THE CITY OF FRISCO, TX (SFR ONLY)

PRICE
RANGE

ON MARKET
LISTED
(SUPPLY)

CLOSED
MONTH
(DEMAND)

(X-C-W)
FAIL
MONTH

PERCENT
SELLING

IN ESCROW

DAYS ON
MARKET
(CLOSED)

RATIO OF
SUPPLY TO
DEMAND

MEDIAN
ASK PRICE
(000)

MEDIAN
IN ESCROW
PRICE (000)

MEDIAN
CLOSE PRICE
(000)

$000,000-$100,000

.0

.5

0%

0.0

$0

$65

$0

$100,001-$200,001

13.5

1.0

93%

17

38

0.6

$184

$188

$184

$200,001-$300,000

52

85.5

8.0

91%

130

50

0.6

$278

$255

$260

$300,001-$400,000

100

74.5

8.5

90%

117

53

1.3

$366

$350

$348

$400,001-$500,000

90

59.5

9.0

87%

90

95

1.5

$450

$443

$445

$500,001-$600,000

98

28.0

6.0

82%

50

104

3.5

$550

$559

$546

$600,001-$700,000

58

10.0

2.5

80%

44

104

5.8

$639

$640

$648

$700,001-$800,000

26

6.5

2.5

72%

14

139

4.0

$756

$748

$730

$800,001-$900,000

26

7.0

.5

93%

12

151

3.7

$853

$826

$840

$900,001-$1,000,000

10

1.0

.5

67%

170

10.0

$950

$939

$940

1,000,001+

47

5.0

1.5

77%

86

9.4

$1,550

$1,453

$1,313

TOTALS

515

291

41

88%

484

72

1.8

$515

$388

$360

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 market. Price ranges exhibiting a high number of sellers per buyer will be less likely to experience positive
price movements.
Red formatting in the sellers to buyers column signals a price range with a relatively high count of sellers to buyers (loose price range).
RATIO OF SELLERS TO BUYERS SCALE: 1-3 is a seller's market; 4-5 transitions to buyer's market; above 5 is a buyer's market.

Green formatting in the history box signals the best performing months for demand, 30 day entry into escrow, and days on the market.
The rate of appreciation is the speed of change in median price. This rate speeds up or slows down (negative red value) over time.

MCR TIP: The condition of the market depends upon the price range in which a property is competing. High relative seller/buyer ratios signal a more
competitive price range (RED FORMAT). Elevated levels of price competition can be expected in those segments. Low showing frequency and
extended DOM generally signal overpricing relative to current competition. Timely price adjustment to market price based on the level of agent
showings increases closing probability and reduces time on the market. To increase showings, the seller needs to eliminate active competition in his
price range by reducing price.
BELIEVED ACCURATE BUT NOT GUARANTEED