March Newsletter
We hope that you enjoyed your February. We are now going to post our monthly newsletters at the beginning of the month rather than the end of the month. Happy First Day of March! Here is a brief Market Update for our four main counties:
Collin County:
Median Sale Price
February 2016- $281,250
February 2015- $265,000
January 2016- $277,000
The median sale price has increased 6.13% YOY and 1.53% increase since last month. Inventory is currently at 3 months which is the same as this time last year.
Denton County:
Median Sale Price
February 2016- $245,000
February 2015- $231,038
January 2016- $247,000
The median sale price has increased 6.04% YOY and decreased slightly from last month at -0.8 % Inventory is currently at 3 months which is less than the same time last year when inventory was at 4 months.
Cooke County:
Median Sale Price
February 2016- $139,750
February 2015- $112,500
January 2016- $158,250
The median sale price has increased 24.22% YOY and decreased -11.69% from last month. Inventories are not low in Cooke County. Currently at 12 months which is the same as this time last year.
Grayson County:
Median Sale Price
February 2016- $131,750
February 2015- $125,450
January 2016- $125,450
The median sale price has increased 5.02% YOY and decreased -4.6% since last month. Inventories 9 months which is less than they were at this time last year when inventory was 12 month.
We continue to see growth and increases in the median sale price for Collin and Denton Counties. Cooke and Grayson counties are more rural with a lower number of sales thus market fluctuations are more typical.
New Feature on our Website!
We have added a new feature to our website. You can go onto our website and get realtime market data for Collin, Denton, Cooke and Grayson Counties.
New Blog Post -The Impact of Zoning on Property Values
Our latest blog post takes a look at how zoning can impact both residential and commercial properties. We share examples and describe what appraisers look at when determining the impact of the zoning of a property.
