Archive for the 'Austin Sales Market' Category
Austin Real Estate Market Update for March 2008
Closed Published by Steve Crossland April 16th, 2008 on Austin Real Estate Blog - Austin TX Real EstateThe Austin real estate market continues to be sluggish for March 2008 according to our stats. Number of sales dropped 25% from the same month a year ago. Average list price is down 2%. Average sold price dropped 3% year over year for March. Last month was about even, but 3% is a definite drop, […]
Austin Real Estate Market -Feb 2008 YTD MLS Area Breakdown
Closed Published by Steve Crossland March 21st, 2008 on Austin Real Estate Blog - Austin TX Real EstateBelow is Year to Date breakdown for sales of single family homes in Austin by MLS Area. Something interesting happened when I was running these stats that reminded me of the big swings that can be caused by just one or two sales when we are looking at small sample sizes.
About half way through, […]
Austin Real Estate Market Update - Feb 2008
Closed Published by Steve Crossland March 14th, 2008 on Austin Real Estate Blog - Austin TX Real EstateThe average sales price for single family homes in Austin FELL in Feb 2008 compared to Feb 2007. In the 2 and a half years I’ve been posting Austin real estate stats on this blog, this is the first year over year drop. How much did prices fall? Well, -0.07%. But it’s a number with […]
Austin Real Estate Market Update - Jan 2008
Closed Published by Steve Crossland February 22nd, 2008 on Austin Real Estate Blog - Austin TX Real EstateThe real estate market in Austin was very slow for January 2008. Number of homes sold was down 15% over the same month last year, yet we continue to see sold price appreciation for the homes that do sell. I’ve added a new metric to my chart below. I’ve decided to start tracking “Not Solds”. […]
Austin 2007 Real Estate Appreciation by MLS Area
Closed Published by Steve Crossland February 4th, 2008 on Austin Real Estate Blog - Austin TX Real EstateBelow are the 2007 Austin real estate appreciation breakdowns by MLS area. Despite the negative media attention given to the real estate market nationally, Austin continues to see notable value appreciation in many areas. Overall, average sales prices in Austin were up 6.62% to $254,883 (excludes condos) and average sold price per square foot were […]
Austin Real Estate Market Update - Dec 2007
Closed Published by Steve Crossland January 29th, 2008 on Austin Real Estate Blog - Austin TX Real EstateAustin real estate market stats for single family homes in Dec 2007 saw a 20% drop in number sales of over Dec 2006. Average sold prices were up 5.9% and Median sold prices were up 7.8% in December. Average sold price per square foot is up 4.4% over a year ago, and Days on Market […]
Closed Published by Steve Crossland January 28th, 2008 on Austin Real Estate Blog - Austin TX Real Estate
I predicted a few months ago that November 2007 might see an inverted Sold/Not Sold ratio in the Austin real estate market, that being a situation where more of the listings in the Austin MLS fail to sell than do sell.
I was wrong about November but it did happen in December. For December 2007 […]
Austin Real Estate Market Update - November 2007
Closed Published by Steve Crossland December 26th, 2007 on Austin Real Estate Blog - Austin TX Real EstateThe number of homes sold in Austin for November 2007 was down 19% from November 2006. Average sales price is up 6.5% $255,073 and Median sales price is up 7.9% from $175,000 a year ago to $188,900 this year for November. Average price per square foot is up 4.4% to $199 per square foot. Average […]
Austin Real Estate Market Update - Oct 2007
Closed Published by Steve Crossland November 26th, 2007 on Austin Real Estate Blog - Austin TX Real EstateHome sales in Austin are getting better or worse, depending on which side of the equation you’re on - Buyer or Seller - and some other factors. If you’re a Buyer, you currently have more homes to choose from and are more likely to find a seller willing to negotiate compared to 2006 and the […]
Inverted Pricing Cascade Showing up in Austin Real Estate Prices
Closed Published by Steve Crossland October 31st, 2007 on Austin Real Estate Blog - Austin TX Real EstateI ran a CMA (Comparative Market Analysis) the other day for someone. The CMA revealed what I call an inverted pricing cascade. That is, when looking at the pricing of the Active, Pending and Sold listings, the lowest average prices and prices per square foot for this particular neighborhood started with the Active listings, next […]