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Market Conditions in McKinney : Real Estate Advice

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  • Local Info33
  • Home Buying108
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Activity 6
Tue Apr 21, 2015
Michael Brownstead answered:
I agree, a lot of factors go into play when pricing homes with a pool (age of pool, size, year installed, etc.). As professionals, we would have to actually see the pool before giving more exact data. ... more
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Mon Nov 17, 2014
Michael Brownstead answered:
Are you looking for language schools in the DFW area?
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Sat Jun 15, 2013
T.E. & Naima Sumner answered:
From January, 2007, to October, 2008, median prices of sold homes in McKinney dropped less than 1%.
From October, 2008, median prices headed down about 3-1/2% to the April, 2009, timeframe, where they remained fairly constant until October, 2009.
From October, 2009, median prices rose about 6% to September, 2010.
From September, 2010, to March, 2011, median prices were almost flat with some minor ups and downs until March, 2012, when they took off.
From March, 2012, to date (May, 2013) median prices have risen about 11%.

These are median prices, meaning some houses changed more and some less over the periods in question. High end areas were subject to more fluctuation than more modest areas.

So, in brief, prices did not drop - they actually rose over the entire period, but started out dropping.
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Sat Jan 15, 2011
Busymomof5 answered:
dont listen to all the brokers and agents that want to sell you one. I lived there. The HOA is a nightmare. All the old people just sit around waiting to complain if you breathe wrong. You cant enjoy your home and it DOES NOT feel like a home.

The place is terrible. The foreclosures are because the people who bought as an investment could not keep renters because they were so harassed and the ones that bought wanted out so bad that they walked away just to get out of Craig Ranch. The place is a nightmare!

RUN! Dont walk. RUN away from any home in Craig Ranch. Just drive through the neighborhoods and you will find 3-10 houses on every street with a for sale sign in the yard.

Everyone wants out. We moved and are so glad we got away from that horrible HOA and neighborhood.
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Sat Nov 8, 2008
Ronda Allen answered:
Hi Grace,
Bruce is right. Use an agent when looking in McKinney - especially in Stonebridge. Lots of different villages and sub-villages. And, some agents will change the subdivision field to Stonebridge Ranch because this master planned community is the largest of it's kind in McKinney with every price point (mid $100k's to millions). Your list of wants and needs will help determine which village(s) suit your taste and budget. If you like Darling, Highland, and Huntington, be sure to cross Hwy 380 and check out Whitley Place in Prosper. Same builders and brand new designs. Only about one mile North of the La Cima area on Custer Road. They just had their grand opening of the subdivision. ... more
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Thu Sep 11, 2008
Chris Harden answered:
I have a couple listed in Craig Ranch now...answer...very minimal in Craig Ranch North and actual depreciation due to Foreclosure in the Setllement and Hemmingway. These 2 area will be at least a 2 yr turn around and will depend on the overall market. The north section is almost completed and this has not been hit with the foreclosures as badly so the market is pretty normal overall.

if you have any other questions on the area feel free to contact me directly
... more
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Market Conditions in McKinney Zip Codes

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