McKinney New Construction Home Report? Here's the market update for October 2017
Sales in October 2017
October 2017 McKinney New Home Sales recorded 16 sales. The cheapest new home was sold for $238,000 and the most expensive new home was sold for $750,000. The average sales price for new homes in McKinney in October 2017 was $130 per sq. ft. compared to $140 per sq. ft in September 2017. The average selling price 12 months ago was $133 per sq. ft.
Low inventory of resale homes has builders scrambling to keep up with the demand. Builders don’t even have many spec homes to sell, most are under contract.
Families relocating from California are buying homes in McKinney due to low prices compared to property values in California. For last few years now new home sales have been growing in McKinney Texas because the town is only 20 miles from where Toyota, JPMorgan Chase and Liberty Mutual Insurance are locating thousands of new jobs.
McKinney New Home Buyer Tip: New home in McKinney communities can be almost $100,000 less than a comparable house to the west in Frisco.
Sales year to date (YTD)
Overall, 545 new McKinney ISD homes have been sold so far this year (November 2017). Some of the subdivisions include:
McKinney New Construction Home Sales Details for October 2017
McKinney ISD New Homes Sales in McKinney Texas in October 2017 by subdivision, price, square footage and bedroom and bath count.
Ask us for our McKinney TX new home buyer discounts, cashback and rebate plans! Save money when you buy a new construction home in McKinney Texas with us.
The most active subdivisions with new McKinney TX home sales are:
Top McKinney TX New Home Builders selling homes from $299,000 to $829,000 are:
David Weekley Homes
Drees Custom Homes
Ashton Woods Homes
CB JENI Homes
McKinney New Home Buying Tip: After Labor Day each year the new home builders in the DFW area start marking down inventory for end of year financial reporting. THEY NEED TO SELL!Great time to start looking at builder homes. Most have started slashing prices or offering incentives. Contact us today!
Contact us for McKinney new home buying rebate, cashback and discount options if you are thinking of buying a new home in McKinney Texas!
About McKinney Real Estate Market:
McKinney and Allen ranked No. 2 and No. 3, respectively in WalletHub's study recently which ranked this year's best real estate market in the United States. From 2007-16, new home values in Collin County increased by approximately 43 percent, and new home values in McKinney increased by approximately 60.39 percent, according to data from Residential Strategies Inc., a residential real estate market research company based in Dallas. According to the January 2017 Texas Relocation Report, the total number of residents moving to Texas from out of state in 2015 increased 2.8 percent year over year to 553,032 incoming residents. The relocation report also showed 21,568 people moved to Collin County from out of state in 2015, ranking Collin County seventh out of the top 10 Texas counties with the highest gains in out-of-state residents. Families relocating from California are buying homes in McKinney due to low prices compared to property values in California.
Are you a first time new construction home buyer in McKinney, TX? If so, make sure you take good note of the above market information. By taking into account these market statistics, buying your first new build home in McKinney TX will be much easier and less stressful! If you have not selected a top McKinney, TX Realtor to represent you in your new home purchase in McKinney, contact me, and I’d love the opportunity to interview for the opportunity to help find you your dream home!
If you are planning to relocate to McKinney TX area including Prosper TX and are planning to explore cities like Celina,TX, Plano TX, Frisco TX or Southlake TX, contact us. Our excellent McKinney Real Estate Services provided by top McKinney Real Estate Agents will make buying your first home much easier and will make your Dallas TX relocation less stressful! Check out our Dallas Relocation Resources at http://www.nitinguptadfw.com/dallas-relocation-real-estate-agent
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