Home Sales Trends in 2013 for the Forest Ridge subdivision – McKinney, Texas

Home Sales in the Forest Ridge subdivision in McKinney, Texas have been brisk in 2013, with 7 homes sold. The homes sold were built between 1995 and 1998, and the average sales price for a home in the Forest Ridge subdivision was $490,071. The lowest sale was at $384,000 and the highest sale was at $610,000.

The average size of a home in the Forest Ridge subdivision is 4,251 sq. ft., with the smallest at 3,279 sq. ft. and the largest at 5,476 sq. ft. Homes in the Forest Ridge subdivision sold, on average, in 204 days. The quickest sale took 11 days and the longest sale 905 days. The average price per square foot for a home in the Forest Ridge subdivision is $116.24.

The Forest Ridge subdivision is located in McKinney, Texas, the nation’s fastest growing city from 2000 to 2003 and again in 2006, among cities with more than 50,000 people. In 2007 it was ranked second-fastest growing among cities with more than 100,000 people and in 2008 as the third-fastest. In Money Magazines ‘Best Places to Live in the United States’ list, McKinney was ranked McKinney 2nd. McKinney is roughly 62.9 square miles in size. McKinney is located in Collin County on the far north side of Dallas.

Overall home sales in McKinney, Texas are at 2,904 homes sold, with an average sales price of $251,718. On average, sellers received 97% of their asking price, with homes spending an average of 40 days on the market. McKinney is known as area 53 in the North Texas Real Estate Information System. This information is believed reliable but is only as accurate as reported by the system in the month of December 2012.

DFW Team Realty is your local expert specializing in home sales in the Forest Ridge subdivision, as well as home foreclosures and short sales in the Forest Ridge subdivision. If you are looking to buy or sell a home in the Forest Ridge subdivision, contact DFW Team Realty or visit us online to receive updates on home values in your city and neighborhood.

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