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Frisco TX Homes for Sale - 1st Quarter 2009 (January through March)
Curious Frisco TX Home Buyers and Sellers can now review how the Frisco TX home market performed in the 1st Quarter of 2009:
Summary of Frisco TX Homes for Sale for the 1st Quarter 2009:
| Months |
# Homes Sold |
Value ($) |
| Jan 2009 |
101 homes |
$27,053,432 |
| |
DOM 86 Avg $87sf |
(Down 24% in Value) |
| |
(Down 21% in # transactions) |
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| Feb 2009 |
160 homes |
$47,534,421 |
| |
DOM 110 Avg $87sf |
(Up 19% in Value) |
| |
(Up 21% in # transactions) |
|
| March 2009 |
186 homes |
$50,914,650 |
| |
DOM 92 Avg $87sf |
(Down 28% in Value) |
| |
(Down 17% in # transactions) |
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DOM stands for Days on Market ie how long (on the market) it takes the houses to sell.
The number of home sales are increasing for 2009, but they are still not as good as they were in 2008. When we make real estate market comparisons, we compare them month-to-month of different years to see how they faired. Naturally, March 2009 would sell more Frisco TX homes than January 2009 simply because as we get into the Spring and Summer months, March through August are the busiest real estate season of Frisco TX. It seems that the average price per square foot for ALL of Frisco TX homes is $87/square feet. This means that if you take all Frisco TX home values into consideration (the cheapest through the most expensive), Frisco is averaging at $87/sq.ft.
However, this $87/sq.ft. is not good enough because you would agree that the Million Dollar estates should never average out like the small cute less-expensive cottages.
Check out the break-down of Frisco TX homes by the price-range. It is important to fully understand the price point in which you stand. If all of Frisco TX sold for $87/sq.ft., does it necessarily mean your price point would too?
January 2009 - 101 homes
< $100,000 - 5 homes DOM 106 Avg. $60/sq.ft.
$100,000 - $200,000 - 36 homes DOM 78. Avg. $85/sq.ft.
$200,000 - $300,000 - 30 homes DOM 76. Avg. $74/sq.ft.
$300,000 - $400,000 - 16 homes DOM 83. Avg. $85/sq.ft.
$400,000 - $500,000 - 8 homes DOM 155. Avg. $112/sq.ft.
$500,000 - $600,000 - 3 homes DOM 48. Avg. $146/sq.ft.
$600,000 - $700,000 - 1 home DOM 301. Avg. $135/sq.ft.
$700,000 - $800,000 - 1 home DOM 81. Avg. $166/sq.ft.
$800,000 - $900,000 - 0
$900,000 - $1,000,000 - 1 home DOM 9. Avg. $162/sq.ft.
Over $1,000,000 - 0
February 2009 - 160 homes
< $100,000 - 7 homes DOM 83 Avg. $50/sq.ft.
$100,000 - $200,000 - 45 homes DOM 100. Avg. $81/sq.ft.
$200,000 - $300,000 - 61 homes DOM 85. Avg. $75/sq.ft.
$300,000 - $400,000 - 29 homes DOM 125. Avg. $93/sq.ft.
$400,000 - $500,000 - 7 homes DOM 217. Avg. $101/sq.ft.
$500,000 - $600,000 - 4 homes DOM 263. Avg. $124/sq.ft.
$600,000 - $700,000 - 1 home DOM 77. Avg. $148/sq.ft.
$700,000 - $800,000 - 3 homes DOM 220. Avg. $148/sq.ft.
$800,000 - $900,000 - 2 homes DOM 114. Avg. $142/sq.ft.
$900,000 - $1,000,000 - 1 home DOM 92. Avg. $131/sq.ft.
Over $1,000,000 - 0
March 2009 - 186 homes
< $100,000 - 2 homes DOM 267 Avg. $61/sq.ft.
$100,000 - $200,000 - 60 homes DOM 69. Avg. $83/sq.ft.
$200,000 - $300,000 - 78 homes DOM 78. Avg. $78/sq.ft.
$300,000 - $400,000 - 23 homes DOM 147. Avg. $90/sq.ft.
$400,000 - $500,000 - 12 homes DOM 86. Avg. $111/sq.ft.
$500,000 - $600,000 - 7 homes DOM 154. Avg. $122/sq.ft.
$600,000 - $700,000 - 2 homes DOM 174. Avg. $129/sq.ft.
$700,000 - $800,000 - 1 home DOM 147. Avg. $150/sq.ft.
$800,000 - $900,000 - 2 homes DOM 265. Avg. $155/sq.ft.
$900,000 - $1,000,000 - 0
Over $1,000,000 - 1 home DOM 42. Avg. $198/sq.ft.
As of the time of this report been produced (4/6/09), there are 1,084 Frisco TX homes available for sale and 284 Frisco TX homes currently under contract.
How to Digest This Information:
I like to get my information to as accurate as possible with my Frisco TX home market analysis. Thus, I break it down to its price range. Although I have said that real estate is LOCAL, by that I mean different neighborhoods deliver its own price range expectations and possibly average days on market to sell its homes too.
So, whenever you have casual communications with your friends about the Frisco TX real estate market, be cautious. Every price range do differently. The $100,000 - $300,000 are the most active price points of Frisco TX homes. If you compare all of the average Frisco TX home prices, you could say $87 as the average price per square foot. However, someone in the Frisco TX luxury homes market cannot use this $87/sq.ft. number as a gauge. Someone who is possible purchasing in the $400,000 price range also shouldn't look at the $87/sq.ft. number. The average price per square means nothing if you do not discuss the neighborhood into consideration.
Also, Frisco TX luxury homes do not sell as often. Hence, one or two homes that sell in the price range cannot bring an average set expectation for which that price range should sell.
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