The Overall Austin Market

Sales of existing homes in the Austin area rose 17 percent in December.  For the year, the number of home sales is an impressive 19% over 2011, and the average sold price is up 5% to $270,375.  The number of active listings continues to drop; currently we have 5129 listings, which is 20% less than a year ago. It is an excellent opportunity for Sellers while the number of competing properties is comparatively small.

Should Congress reach a fiscal agreement that makes economic sense to the markets, 2013 should continue with interest rates below 5%.  The current rate below 4% is providing buyers with tremendous buying power, and is continuing to fuel buyer activity.  New home sales are brisk, and builders are beginning to adjust their prices to reflect the increased demand.

If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI).  In a balanced market, the MOI is between 3.5 and 4.5 months. This important figure is included for the Austin area and in each submarket below:

The Austin Real Estate Market:

• Average sold price – up 5% from a year ago to $270,375
• Number of Sales YTD – 19% greater than this time last year
• Number of Active Listings – down 20% from last December to 5129 listings
• Active Listings compared to last month – a 1.8% decrease
• Months of Inventory – dropping to 3 MOI; slightly favoring Sellers
• Average days on market – 68 days to sell; down 18% from 80 last December

The Georgetown Real Estate Market:

• Average sold price – 6.9 % more than a year ago at $233,677
• Number of Sales YTD – up 26.4% compared to this time last year
• Number of Active Listings – 3.2% less than last month to 502 listings
• Months of Inventory – down to a more balanced 3.7 months of inventory

The Round Rock Real Estate Market:

• Average sold price – up 4.8% from last December to $224,680
• Number of Sales YTD – up 20.6% compared to this time last year
• Number of Active Listings – 23% less than a year ago to 565 listings
• Number of Active Listings – down 2.4% from last month
• Months of Inventory – favoring sellers at 2.1 MOI

The Pflugerville Real Estate Market:

• Average sold price – up 4.5% from a year ago to $162,915
• Number of Sales YTD – up 20.5% compared to this time last year
• Number of Active Listings – down 29.7% from last December at 291 listings
• Number of Active Listings – off 2.3% from last month
• Months of Inventory – there is 2.4 MOI, favoring sellers

 The Cedar Park & Leander Real Estate Market:

• Average sold price – up 5.8% to $210,319
• Number of Sales YTD – up 27% from this time last year
• Number of Active Listings – down 2.3% from last month at 496
• Number of Active Listings – down 19.6% from a year ago
• Months of Inventory – down to 2.4 months, favoring sellers

The North & Northwest Market:

• Average sold price – up 6.6% from a year ago to $325,220
• Number of Sales YTD – up 16.6% from this time last year
• Number of Active Listings – off 3.9% from last month to 222 listings
• Number of Active Listings – down 35.7% from a year ago
• Months of Inventory – dropping to 1.4 months; favoring sellers

The River North (FM 2222) Market: 

• Average sold price – 3.2% more than a year ago to $527,124
• Number of Sales YTD – up 16% compared to this time last year
• Number of Active Listings – down 6.3% from last month at 207 listings
• Months of Inventory – down to 2.7 MOI; favoring Sellers

The Austin Westlake Market:

• Average sold price – up 4.2% from a year ago to $843,094
• Number of Sales YTD – up 7.4% compared to last December
• Number of Active Listings – off 7.9% from last month at 197 listings
• Months of Inventory – dropping to 2.8 MOI; favoring Sellers

The Southwest Austin Real Estate Market:

• Average sold price – up 5.5% from a year ago to $240,700
• Number of Sales YTD – up 20.5% compared to this time last year
• Number of Active Listings – off 2.8% from last month to 312 listings
• Number of Active Listings – down 40% from a year ago
• Months of Inventory – a market favoring sellers at 2.3 MOI

Lake (South shore) Real Estate Market:

• Average sold price – up 2.7% from a year ago to $462,837
• Number of Sales YTD – up 27% compared to this time last year
• Number of Active Listings – down 1.6% from last month at 552 listings
• Months of Inventory – dropping to 5.9 MOI, but still an oversupply

Thanks for visiting and be sure to contact me with any questions!   I will be pleased to provide you with a complete analysis of a property’s value using the latest comparables and market information.

Mary “B” Battaglia      maryb@maryb.com      Website     512-767-6787

The Overall Austin Market:

Sales of existing homes in the Austin area rose 23 percent in November.  For the year, the number of home sales is an impressive 19% over 2011, and the average sold price is up 5% to $269,742.  The number of active listings continues to drop; currently we have 7009 listings, which is 20% less than a year ago.  This is a good time for Sellers while competition is slight.

2013 is looking like a very healthy year for companies moving to or expanding operations in Austin.  Big names like Visa, Facebook, Apple and General Motors are leading the way.  The bottom line is about 4500 new jobs for Austin and an additional 500 families moving here. Our company is also busy working with several smaller companies planning to move to our area.

If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI).  In a balanced market, the MOI is between 3.5 and 4.5 months. This important figure is included for the Austin area and in each submarket below:

The Austin Real Estate Market:

• Average sold price – up 5% from a year ago to $269,742
• Number of Sales YTD – 19% greater than this time last year
• Number of Active Listings – down 20% from last November to 7009 listings
• Active Listings compared to last month – a 1.8% decrease
• Months of Inventory – dropping to 3 MOI; slightly favoring Sellers
• Average days on market – 69 days to sell; down 18% from 81 last November

The Georgetown Real Estate Market:

• Average sold price – 5.5% more than a year ago at $229,384
• Number of Sales YTD – up 26% compared to this time last year
• Number of Active Listings – 4.4% less than last month to 518 listings
• Months of Inventory – down to a more balanced 3.7 months of inventory

The Round Rock Real Estate Market:

• Average sold price – up 4.4% from last November to $224,529
• Number of Sales YTD – up 20.4% compared to this time last year
• Number of Active Listings – 23% less than a year ago to 579 listings
• Number of Active Listings – down 2.5% from last month
• Months of Inventory – favoring sellers at 2.1 MOI

The Pflugerville Real Estate Market:

• Average sold price – up 3.3% from a year ago to $161,760
• Number of Sales YTD – up 22% compared to this time last year
• Number of Active Listings – down 30% from last November at 298 listings
• Number of Active Listings – off 1% from last month
• Months of Inventory – there is 2.4 MOI, favoring sellers

The Cedar Park & Leander Real Estate Market:

• Average sold price – up 5% to $209,407
• Number of Sales YTD – up 27% from this time last year
• Number of Active Listings – down 2.3% from last month at 508
• Number of Active Listings – down 19% from a year ago
• Months of Inventory – down to 2.4 months, favoring sellers

The North & Northwest Market:

• Average sold price – up 6.2% from a year ago to $323,800
• Number of Sales YTD – up 18% from this time last year
• Number of Active Listings – off 2.9% from last month to 231 listings
• Number of Active Listings – down 35% from a year ago
• Months of Inventory – dropping to 1.4 months; favoring sellers

The River North (FM 2222) Market: 

• Average sold price – 3.3% more than a year ago to $528,798
• Number of Sales YTD – up 19% compared to this time last year
• Number of Active Listings – down 3% from last month at 221 listings
• Months of Inventory – down to 2.7 MOI; favoring Sellers

The Austin Westlake Market:

• Average sold price – up 3.4% from a year ago to $855,775
• Number of Sales YTD – up 3% compared to last November
• Number of Active Listings – off 2.8% from last month at 214 listings
• Months of Inventory – dropping to 2.8 MOI; favoring Sellers

The Southwest Austin Real Estate Market:

• Average sold price – up 5.5% from a year ago to $240,700
• Number of Sales YTD – up 20.5% compared to this time last year
• Number of Active Listings – off 2.8% from last month to 312 listings
• Number of Active Listings – down 40% from a year ago
• Months of Inventory – a market favoring sellers at 2.3 MOI

Lake (South shore) Real Estate Market:

• Average sold price – up 4.5% from a year ago to $461,998
• Number of Sales YTD – up 27.5% compared to this time last year
• Number of Active Listings – down 1.5% from last month at 561 listings
• Months of Inventory – dropping to 5.9 MOI, but still an oversupply

Thanks for visiting and be sure to contact me with any questions!   I will be pleased to provide you with a complete analysis of a property’s value using the latest comparables and market information.

Mary “B” Battaglia      maryb@maryb.com      Website     512-767-6787

The Overall Austin Market:

Sales of existing homes in the Austin area rose 10 percent in September.  For the year, the number of home sales are a robust 18% over 2011, and the average sold price is up 5% to  $262,473.  The Austin area was recently named as one of the top U.S. markets for long-term job growth.  This recognition is part of a stream of accolades that the Austin region continues to receive nationally, making our area one of the most popular areas to relocate to.

There continues to be an undersupply of listings.  There were 7226 homes onthe market in September, which is 20 percent less than a year earlier.  This is a continuation of a shortage in inventory which began late last year and represents a significant opportunity for Sellers.

If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI).  In a balanced market, the MOI is between 3.5 and 4.5 months. This important figure is included for the Austin area and in each submarket below:

The Austin Real Estate Market:

• Average sold price – up 5% from a year ago to $262,473
• Number of Sales YTD – 18% greater than this time last year
• Number of Active Listings – down 20% from last September to 7226 listings
• Active Listings compared to last month – a 6.0% decrease
• Months of Inventory – dropping to 4.1 MOI; a balanced market
• Average days on market – 69 days to sell; down 18% from 81 last September

The Georgetown Real Estate Market:

• Average sold price – 5.3% more than a year ago at $230,737
• Number of Sales YTD – up 28% compared to this time last year
• Number of Active Listings – 6% less from last month to 542 listings
• Months of Inventory – down to a more balanced 4.5 months of inventory

The Round Rock Real Estate Market:

• Average sold price – up 4.3% from last September to $224,867
• Number of Sales YTD – up 16% compared to this time last year
• Number of Active Listings – 23% less than a year ago to 603 listings
• Number of Active Listings – steady from last month
• Months of Inventory – slightly favoring sellers at 3.1 MOI

The Pflugerville Real Estate Market:

• Average sold price – up 3% from a year ago to $161,015
• Number of Sales YTD – up 20.5% compared to this time last year
• Number of Active Listings – down 31% from last September at 308 listings
• Number of Active Listings – steady from last month
• Months of Inventory – there is 3.3 MOI, slightly favoring sellers

 The Cedar Park & Leander Real Estate Market:

• Average sold price – up 5.9% to $210,554
• Number of Sales YTD – up 26.2% from this time last year
• Number of Active Listings – steady from last month at 520
• Number of Active Listings – down 19.6% from a year ago
• Months of Inventory – down to 3.1 months, slightly favoring sellers

The North & Northwest Market:

• Average sold price – up 6.2% from a year ago to $322,802
• Number of Sales YTD – up 12.7% from this time last year
• Number of Active Listings – steady from last month at 245 listings
• Number of Active Listings – down 35.4% from a year ago
• Months of Inventory – dropping to 2.1 months; favoring sellers

The River North (FM 2222) Market: 

• Average sold price – 2% less than a year ago to $522,345
• Number of Sales YTD – up 13% compared to this time last year
• Number of Active Listings – down 2% from last month at 227 listings
• Months of Inventory – down to 4.4 MOI; a very slight oversupply

The Austin Westlake Market:

• Average sold price – down 2.4% from a year ago to $833,954
• Number of Sales YTD – down 4.1% compared to last September
• Number of Active Listings – steady from last month at 213 listings
• Months of Inventory – dropping to 5.4 MOI; a slight oversupply

The Southwest Austin Real Estate Market:

• Average sold price – up 5.6% from a year ago to $241,670
• Number of Sales YTD – up 21% compared to this time last year
• Number of Active Listings – up 1% from last month to 327 listings
• Number of Active Listings – down 41% from a year ago
• Months of Inventory – a market favoring sellers at 2.5 MOI

Lake (South shore) Real Estate Market:

• Average sold price – up 1% from a year ago to $449,915
• Number of Sales YTD – up 23.5% compared to this time last year
• Number of Active Listings – steady from last month at 574 listings
• Months of Inventory – dropping to 7.6 MOI, still an oversupply

Thanks for visiting and be sure to contact me with any questions!   I will be pleased to provide you with a complete analysis of a property’s value using the latest comparables and market information.

Mary “B” Battaglia      maryb@maryb.com      Website     512-767-6787

The Overall Austin Market:

Sales of existing homes in the Austin area rose 23 percent in June; this represents over 12 consecutive months of increased sales.  For the year, the number of home sales increased 18 percent over 2011, and the average sold price increased 3% to $266,681.  The Austin area continues to dominate the “Best Cities” lists.  Forbes recently ranked Austin #1 for jobs and Fiscal Times ranked Austin #2 as a place people were moving to; both impressive figures.

There continues to be an undersupply of listings.  There were 7,738 homes on the market in June, which is 21 percent less than a year earlier.  This is quite a difference, and continues to feed a shortage in inventory which represents a significant opportunity for Sellers

If you average the number of sales for the last 12 months and divide that figure into the number of current active listings, the result is called the number of Months of Inventory (MOI).  In a balanced market, the MOI is between 3.5 and 4.5 months. This important figure is included for the Austin area and in each submarket below:

 The Austin Real Estate Market:

• Average sold price – up 3% from a year ago to $266,681
• Number of Sales YTD – 18% greater than this time last year
• Number of Active Listings – down 21% from last June to 7,738 listings
• Active Listings compared to last month – a 2.8% increase
• Months of Inventory – steady at 5 MOI; a slight oversupply
• Average days on market – 58 days to sell; 8% less than last June

The Georgetown Real Estate Market:

• Average sold price – 7.9% more than a year ago at $232,958
• Number of Sales YTD – up 31% compared to this time last year
• Number of Active Listings – 9.3% less from last June to 564 listings
• Months of Inventory – there is 6 months of inventory; an oversupply

 The Round Rock Real Estate Market:  

• Average sold price – up 3.8% from last June to $220,625
• Number of Sales YTD – up 17.5% compared to this time last year
• Number of Active Listings – 26% less than last June to 595 listings
• Months of Inventory – slightly favoring sellers at 4 MOI

 The Pflugerville Real Estate Market:  

• Average sold price – up 1.9% from a year ago to $158,710
• Number of Sales YTD – up 22% compared to this time last year
• Number of Active Listings – 33% less than last June at 304 listings
• Months of Inventory – there is a balanced 3.8 MOI

The Cedar Park & Leander Real Estate Market:  

• Average sold price – up 4% to $208,995
• Number of Sales YTD – up 25% from this time last year
• Number of Active Listings – down 21.5% from last June to 511
• Months of Inventory – balanced at 4 months

 The North & Northwest Market:  

• Average sold price – up 6.9% from a year ago to $324,387
• Number of Sales YTD – up 17% from this time last year
• Number of Active Listings – down 37% from last June to 241 listings
• Months of Inventory – decreasing to 2.8 months; favoring sellers

 The River North (FM 2222) Market:   

• Average sold price – 1.8% less than a year ago to $526,829
• Number of Sales YTD – up 19% compared to this time last year
• Number of Active Listings – down 4% from last June to 232 listings
• Months of Inventory – up to 6.2 MOI; a slight oversupply

The Austin Westlake Market:  

• Average sold price – down 1.8% from a year ago to $779,749
• Number of Sales YTD – down 4% compared to last June
• Number of Active Listings – off 20% from last June at 209 listings
• Months of Inventory – up to 6.2 MOI; a slight oversupply

 The Southwest Austin Real Estate Market:  

• Average sold price – up 7% from a year ago to $240,433
• Number of Sales YTD – up 22.6% compared to this time last year
• Number of Active Listings – down 44% from last June to 322 listings
• Months of Inventory – a market favoring sellers at 2.5 MOI

 Lake (South shore) Real Estate Market:  

• Average sold price – down 3.6% from a year ago to $433,558
• Number of Sales YTD – up 19% compared to this time last year
• Number of Active Listings – off 5.3% compared to last month to 575 listings
• Months of Inventory – rising to 9.9 MOI, an oversupply

Thanks for visiting and be sure to contact me with any questions!   I will be pleased to provide you with a complete analysis of a property’s value using the latest comparables and market information.

Mary “B” Battaglia      maryb@maryb.com      Website     512-767-6787