It appears that we may finally be seeing a bit of stabilization in the market.  The inventory of homes for sale in Frisco took a nosedive in January of 2020, causing prices to sky-rocket.  But, it appears that we are finally seeing prices drop a bit.  Homes are still going very quickly, with most homes going under contract within the first week they hit the market.  

If you are hoping to sell your Frisco home, now is a great time!  You can still get top dollar.  We are happy to offer you a free home valuation to let you approximately what you can expect to sell for.  Give us a call.  844-371-5999.

Frisco Market Conditions

 

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Frisco's 2019 Budget and Tax Rate Adopted

On Tuesday, the Frisco City Council voted to keep property tax rates unchanged.  However, escalating property values may still mean homeowners will be faced with higher tax bills.  But, there is more good news.  In June, the city council also announce they were increasing the homestead exemption for property owners to 10% of the assessed value.  Read more about property taxes and compare local taxes here.

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An overseas investment group (IGO) has announced plans for the company’s first development project in the State of Texas. Frisco, Texas will be home to The Gate, a mixed-use luxury development to be located on nearly 41 acres at the northwest corner of the Dallas. They are currently in the master planning process.  Ultimately, this project could bring 800,000 square feet of office space, 100,000 square feet of retail space, a 90-room hotel room, park, apartments and two, 10-story luxury condo towers to Frisco near the new site for the Dallas Cowboys headquarters and practice facility.  Watch this cool video.  

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According to JESSE J. HOLLAND of the Associated Press,  It is true that "we do grow everything bigger in Texas," even the cities.

New data from the Census Bureau shows that Frisco, Texas was the second fastest growing city in the nation beween 2012 and 2013.  San Marcos, Texas was number one and Cedar Park, Texas was number 4.   Perhaps Governor Perry's "Wide Open For Business" campaign, is really making an impact...  Or perhaps, folks are simply intrigued by all this great town has to offer.  

If you haven't visited yourself, we would love to host you and take you on a discovery tour to find out just what makes this little city so attractive.

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Frisco just keeps getting high marks.  Today, the Congressional Quarterly announced its ratings of safest cities in the US.  Frisco ranked 9th among 244 cities ranging in population between 100,000 and 499,000.  Just another reason so many are relocating here. 

Thanks Frisco PD for keeping us safe!

By Sammy Gardner

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By Sammy Gardner

 

Phillips Creek Ranch is a 950-acre masterplanned community in West Frisco.  The rolling terrain and character of the land is ideally suited to be developed as an upscale community that will include over one hundred acres of open spaces, lakes, an extensive creek system, spacious parks and eleven miles of hike and bike trails.  Currently in the early construction stages, Phase I is scheduled to open late in 2012 with presales currently under way.  Phillips Creek Ranch will eventually have more than 3,700 homes at completion and over 12,000 residents.  The first subdivision within Phillips Creek Ranch will be called Sheridan and will include 547 homes with a price range of $300,000 to $1,000,000.

The Phillips Creek Ranch's Visitor…

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FRISCO ADOPTS $90 MILLION BUDGET, MAINTAINS CURRENT TAX RATE 

 
By Sammy Gardner

 

(September 20, 2012) The City of Frisco’s tax rate will be $0.461910 per $100 of property value for the 
next fiscal year.  This tax rate was the same during the last fiscal year (FY12).    

The average home value for FY13 is $287,800, which is a 0.95% increase over the previous year’s average
home value of $285,093.  That means the average homeowner will pay approximately $7 more in property 
taxes during the new fiscal year, which begins October 1, 2012.  

During the September 18 City Council meeting, the Frisco City Council voted to adopt a $90.2 million (approximate) General Fund budget for FY13.  

Most notably, the new General Fund budget allows the City of…

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