August 2023 Plano, TX Real Estate Market Report: A Snapshot of Prosperity Realtor Plano TX

August 2023 Plano, TX Real Estate Market Report: A Snapshot of Prosperity The vibrant real estate market in Plano, Texas, continues to shine, and August 2023 was no exception. With 195 homes sold, the city's housing sector remains a hotbed of activity. Let's dive into the details of this dynamic market. Property Snapshot:

• Number of Homes Sold: 195

• Average Home Features: 4 bedrooms, 3 bathrooms, 2,600 square feet

• Average Year Built: 1988

• Average Asking List Price: $635,000

• Average Sold Price: $624,000

• Average Days on Market: 24

Market Highlights:

1. Strong Sales Volume: The sale of 195 homes in August underscores the robust demand for Plano real estate. Buyers are actively seeking properties in this thriving community.

2. Spacious and Comfortable: The average Plano home features four bedrooms and three bathrooms, providing ample space for families of all sizes. With an average square footage of 2,600, these homes offer both comfort and room to grow.

3. Classic Charm: A significant portion of the homes sold in August were built in 1988, showcasing Plano's blend of classic architecture and modern amenities. These homes often boast timeless design elements that appeal to a wide range of buyers.

4. Pricing Perspective: The average asking list price of $635,000 is reflective of the strong market conditions. Buyers, however, found opportunities with an average sold price slightly lower at $624,000. This indicates that skilled negotiators may find favorable deals in the Plano market.

5. Swift Sales: Homes in Plano continue to move quickly. With an average time of just 24 days on the market, sellers are benefitting from a fast-paced environment. This rapid turnover suggests a competitive atmosphere among buyers.

What Does This Mean for Buyers? For prospective buyers, Plano presents an array of options, from homes with classic charm to those with modern updates. The relatively lower average sold price compared to the asking list price offers a window of opportunity for those looking to make a sound investment or find their dream home. What Does This Mean for Sellers? Sellers in Plano can capitalize on the brisk pace of the market. With homes selling in just 24 days on average, this is an excellent time to list your property. The strong demand and competitive atmosphere may also provide room for favorable negotiations. Conclusion: August 2023's real estate market in Plano, TX, continues to be dynamic and promising for both buyers and sellers. With a diverse range of properties available and a fast-paced environment, it's essential to work with an experienced Plano Realtor who can guide you through the process and help you achieve your real estate goals in this thriving community. If you're considering buying or selling in Plano, don't hesitate to reach out for personalized advice and assistance.

Realtor Plano TX | 469-371-5670