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!
Once again, every statistic is up except days on the market - which is the only one that goes down in a strong market.
The Austin area continues to shine. Some of the areas that had too much inventory, like Pflugerville and the more outlying counties, are catching up with more and more people buying.
Of course, statistics are fine but what really matters is how this all applies to you.
If you are thinking of moving or investing in a rental property, make sure we talk early on. I earn referrals by helping you make good decisions about real estate.*
Have a friend or relative with a move on their mind? Please make that referral. I'll make sure they thank you for it!
Today let's have a look at Balcones including the "new" side 30+ years ago - Spicewood.
Currently there are 3 homes for sale, averaging 3401 sqft* asking $486,267 or $146/sqft*, and 109 days on the market.
Under Contract we find 7 homes averaging 2990 sqft* asking $315,852 or $155/sqft* at 35 days on the market.
Sold in the past 90 days - 21 homes averaging 2684 sqft* asking $413,490 or $154/sqft* at 36 days to sell.
Can we assume where the market is heading since the current $/sqft* is below the contract and sold homes? No. This is an older neighborhood with many homes remodeled or updated to varying degrees. It takes a much closer look to understand exactly what is happening at any one moment. Knowing the neighborhood for 40+ (Yikes!) years helps so long as I also diligently do my homework to be sure I am setting a value based on where a specific home fits the current, ever-changing market. Experience is a good thing! (I keep saying that more and more as I get older.) Re-researching is just as important.
So if you have a home to sell in Balcones or Spicewood, please let me look closely at where your property fits into the current market. Then if we decide to move forward, I'll take beautiful photos and make sure every potential buyer has an easy time finding and being attracted to come see your house.
Beautiful Photos Sell Beautiful Homes!™
Real estate artist