Zip Code 78750 Snapshot for June 2014:
Available Residential - 115 units
New Listings - 56
Sales Closed in June - 41 (contracts mostly from previous months)
Median Price of Sales Closed - $360,000
Median Days on the Market - 5
Just another example of an area of Austin that is selling like mad. How does this compare with your neighborhood? Contact me and I'll let you know.
Hope you're having a great month!
The Austin area real estate market is hot. We all know this. Some areas have been leading the way lately. Others have been hot for a long time and appear to be cooling off - though that has more to do with a shortage of homes to sell than anything else.
Kind of like the way a fast car accelerates less as it approaches top speed. It's hardly slowing down!
One area that seems to be in the heart of it's horsepower curve, so to speak, is area 1A.
20 homes sold in Feb 2013 - 34 sold in Feb 2014. Average price up almost 42%!
Note that this doesn't mean your home did exactly the same. We don't sell the same homes every February. There is always a variance due to who decided to move in any specific month.
Still it seems safe to say that the area is in a peak time when there are still plenty of people willing to both buy and sell.
Soon we may find a greater shortage of homes to sell and fewer sales. But the unmet demand will likely push prices even higher.
Want to know more about the value of your home? Or the trends in the area you'd prefer to call home? Just give me a call or email.
Thanks to Gracy Title for assembling these statistics.
While it is great to have a big picture overview of the market as a whole, it can be more important to understand the market where you live. Or want to live.
If you are thinking about a real estate decision - Buying, Selling, Refinancing, Remodeling, even wondering what value to insure your home..
Please give me a call or email so I can help you.
Have a great month!
David Weekley Homes is just about out of available homesites in Westside Preserve and I am happy to be helping a family get on of the best lots left.
We have gone back and forth with a few different house plans. We have modified, re-modified, and un-modified the layouts. We have talked a lot about what features are most important.
In the end, I think they have made a very good decision about which home to build. And I am happy to have been part of working through that decision.
Most people only build a new home once or twice in a lifetime. I have the experience of going along for the ride and offering advice multiple times every year for over two decades. I have paid attention and have a lot to offer - in case you know someone thinking of building a new home.
Best of all, my fee is paid by the builder. And there is nothing to gain by visiting the builder's model without a Realtor. We are paid out of the marketing budget.
Who do you know who has been dropping into builder's model homes lately? They may need me on their side to make a good decision about real estate™.
Thanks for telling people you care about about me!
Which online dating site should you choose?
A better thing to focus on would be choosing a great photographer.
You know my mottos is Beautiful Photos Selling Beautiful Homes.TM
I guess this is the exact opposite.
To be fair, it was marketed as "bring your imagination"
(NOT one of my photos, obviously)
If you heard reports that the housing market is still strong here in Central Texas - you heard right!
We continue to outpace last year and most years past. Inventory is really low and turning very quickly.
If you imagine a sprinter "patiently" waiting in the starting blocks, that's the way a lot of home buyers feel. Wait for a good house, the GO!
Even so (perhaps more so) it is important to hit the market right. We help people get their homes ready to make a big impression right away and attract the highest and best offers.
If you know someone thinking about moving, please introduce us today.
Have a great weekend!
Mesa Park in North Austin Real Estate...
Mesa Park has long been seen as a more affordable area of close-in Arboretum area homes. A quick look at today's MLS figures shows just 4 homes for sale with average 1,415 sqft asking $252,868 or $178/sqft at 52 days on the market.
Those under contract include 3 homes averaging 1,250 sqft at 226,279 or $182/sqft at 71 days on the market.
In the past 90 days 8 home sales have closed average values 1,363 sqft, $234,650 or $176/sqft at 56 days on the market.
It pays to remember that figures like sqft are usually obtained from the county tax office and based on their wild guess from the back of a rampaging armadillo.
If you have questions about Mesa Park or other Austin-area neighborhoods, please contact me.
Great Hills Real Estate...
Things are still moving well in Great Hills. A quick look at today's MLS figures shows 17 homes for sale with average 2,588 sqft asking $475,291 or $180/sqft at 37 days on the market.
Those under contract include 11 homes averaging 2,881 sqft at $498,845 or $175/sqft at 14 days on the market.
In the past 90 days 29 home sales have closed average values 2,593 sqft, $449,750 or $174/sqft at 24 days on the market.
It pays to remember that figures like sqft are usually obtained from the county tax office and based on their wild guess from a moving vehicle. OK, maybe sometimes they stop the truck. Still, you have to know the homes and not just use statistics to understand your home's value. That's what I'm here for!
If you have questions about Great Hills, please contact me. Happy Thanksgiving!
Real estate artist