Well here is the long and the short of it for Collin County. This summer was a bit of a roller coaster ride for the DFW Metroplex, and again, we have bucked the national trend (we seem to do that a lot). Year over year, overall, inventory is down about 17%*, sales down about 15%*, as are pending sales 5%* (these are homes that were for sale, and are now under contract. Average Prices are down 4%*. While these number sound bad, lets decipher a bit. Remember basics economics = Supply and Demand. The supply (current homes for sale) are going down faster than Demand (number of pendings and solds), thus the market is heading in a more positive direction from an inventory and months supply perspective. This has been the sustainable 3 month trend, and while charts and graphs do not tell the entire story - in the immortal words of H. Ross Perot - I've got Charts, and I've got Graphs.
source: TrendGraphix.com
Wednesday, October 7, 2009
Friday, March 13, 2009
The Field House in Frisco TX
The Field House in Frisco is now open and currently taking registrations. The facility will house youth and adult sports including basketball, football, soccer, volleyball and many others.
The Field House is yet another venture in which the City of Frisco has partnered with for profit organizations to provide state of the art facilities for the utilization of Frisco Residents. This is a 144,000 sq.ft. state-of-the-art facility that will house 12 full-sized hardwood courts, an indoor football and soccer turf field, as well as the finest athletic training and competition to regional participants in basketball, volleyball, soccer, football, and other sports as well.
The field house has also entered into an tentative agreement to provide office space for Frisco Soccer Association (FSA) the local soccer outdoor youth association which provides outdoor soccer to over 3500 local youth players.
This is just another example of the forward thinking that the City of Frisco has continued to provide in leadership for providing a quality way of life for its residents and continues to mold the model: Live, Work, and Play in Frisco, TX.
For more information and to register, visit: http://www.fieldhouseusa.com/
The Field House is yet another venture in which the City of Frisco has partnered with for profit organizations to provide state of the art facilities for the utilization of Frisco Residents. This is a 144,000 sq.ft. state-of-the-art facility that will house 12 full-sized hardwood courts, an indoor football and soccer turf field, as well as the finest athletic training and competition to regional participants in basketball, volleyball, soccer, football, and other sports as well.
The field house has also entered into an tentative agreement to provide office space for Frisco Soccer Association (FSA) the local soccer outdoor youth association which provides outdoor soccer to over 3500 local youth players.
This is just another example of the forward thinking that the City of Frisco has continued to provide in leadership for providing a quality way of life for its residents and continues to mold the model: Live, Work, and Play in Frisco, TX.
For more information and to register, visit: http://www.fieldhouseusa.com/
Thursday, March 12, 2009
February 2009 Report
Much is discussed in terms of "The Real Estate Market" and in many forms and fashions. In listening to the information that is provided by the broader media, I have found that they will highlight one area or another. Example: The real estate market is down 15%. Then it is followed by a smaller tagline of, homesales, or prices, or inventory. I have found that is the combination of all of these (along with many other particulars) that make up "The Real Estate Market". I have decided that I will provide some particulars in a group format for a much better and broader understanding of the local market.
Below, you will find a report that was taken from the MLS (Multiple Listing Service) and assembled by Hexter Fair Title Company.
Below, you will find a report that was taken from the MLS (Multiple Listing Service) and assembled by Hexter Fair Title Company.
Monday, March 9, 2009
A Look at Where We Are and Where We Are Headed
"With the current market condition around the country and abroad, it is becoming increasingly apparent that there will be substantial struggles ahead both at the local markets as well as the global markets for the remainder of 2009 and most probably into 2010."
We have all heard these or similar sentiments and they have become almost elementary in nature. With that acknowledgement, for those with a continued income, there has rarely been a real estate market with such upside potential then that of the DFW and surrounding areas.
While we are hardly in what I would consider a robust real estate market, we are in exactly the right place to get in a good deal if you are in a position to do so. Just look at a few points:
1.) Extremely low interest rates (cheap money)
2.) High Inventory**
3.) Low Home Prices - This years inventory at last years prices.
I will be posting updates on a monthly basis that shows what the market is doing using multiple technical references. I expect to date back to October of 2008 and bring us up to date on the last few months.
Stay tuned for updates showing the numbers and an interpretation of what those numbers mean.
**The inventory is down in quantity, however, the transactions are down at a higher rate, thus the inventory is at a high number based on transactions - this interprates as a longer inventory guide of up to 7 months, where recent history has been 4 to 6 months.
We have all heard these or similar sentiments and they have become almost elementary in nature. With that acknowledgement, for those with a continued income, there has rarely been a real estate market with such upside potential then that of the DFW and surrounding areas.
While we are hardly in what I would consider a robust real estate market, we are in exactly the right place to get in a good deal if you are in a position to do so. Just look at a few points:
1.) Extremely low interest rates (cheap money)
2.) High Inventory**
3.) Low Home Prices - This years inventory at last years prices.
I will be posting updates on a monthly basis that shows what the market is doing using multiple technical references. I expect to date back to October of 2008 and bring us up to date on the last few months.
Stay tuned for updates showing the numbers and an interpretation of what those numbers mean.
**The inventory is down in quantity, however, the transactions are down at a higher rate, thus the inventory is at a high number based on transactions - this interprates as a longer inventory guide of up to 7 months, where recent history has been 4 to 6 months.
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