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  • Writer's pictureMark Floyd

Frisco Realtor August 2023 Frisco, TX Real Estate Market Report: Thriving Market with Strong Values

August 2023 Frisco, TX Real Estate Market Report: A Thriving Market with Strong Values

Welcome to our comprehensive Frisco, Texas real estate market report for August 2023. As we delve into the latest data, it's clear that Frisco remains a sought-after destination for homebuyers, with a thriving market and impressive property values.

Robust Sales Activity

In August 2023, Frisco saw a total of 183 homes change hands, reflecting a market that continues to buzz with activity. This robust sales volume speaks to the enduring appeal of Frisco as a city that offers residents an exceptional quality of life.

Home Features and Characteristics

The typical home in Frisco during August 2023 featured four bedrooms and four bathrooms, providing spaciousness and versatility for families and individuals alike. These homes were notably generous in size, with an average square footage of 3,300 square feet, offering ample room for comfortable living.

Many of the properties that were sold in August were built around 2008, showcasing the blend of modern construction and established neighborhoods that make Frisco such a unique and inviting place to call home.

Pricing Overview

When it comes to pricing, Frisco continued to showcase its prestige as a prime real estate market. The average asking list price for homes during August 2023 was $879,000, reflecting the city's reputation for offering high-quality properties.

Sellers and buyers should note that the average sold price for homes in Frisco during this period was slightly lower, at $860,000. This difference is a common occurrence in real estate transactions, reflecting negotiation dynamics and various factors influencing final sale prices.

Efficient Turnover

One noteworthy aspect of the August 2023 Frisco real estate market was the efficiency of property turnover. On average, it took just 29 days for a home to sell in Frisco. This rapid turnaround underscores the strong demand for well-presented homes in this highly desirable city.

Market Outlook

As we transition further into 2023, the Frisco real estate market remains vibrant and alluring to both buyers and sellers. The city's commitment to excellent schools, abundant job opportunities, and a rich quality of life continues to attract families and individuals alike.

Buyers should be prepared to make informed and timely decisions in this competitive market, while sellers can be confident in the persistent demand for Frisco properties. Collaborating with an experienced Frisco real estate professional is crucial to navigate this market effectively.

If you are considering buying or selling property in Frisco, please reach out to us. We possess the local expertise and insight to guide you through each step of the process, ensuring you achieve your real estate goals in this thriving community.

Stay tuned for further updates on the Frisco, TX real estate market as the year progresses, and don't hesitate to contact us with any questions or for personalized assistance with your real estate endeavors.

Frisco Realtor August 2023 Report

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