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July 2008

There are 5 blog entries for July 2008.

Austin Texas Real Estate Statistics July 2008

Monday, July 28th, 2008 at 4:34pm. 2,310 Views

Austin Realtor Report:

Austin Lease prices are rising, home sold prices increase overall with some decreases, and the number of homes sold stays flat.    This is the state of our Austin real estate market.

If you are looking to buy a home between $250,000 and $500,000, home prices have begun to decrease slightly by 2.4% so you may begin to find more deals in this sector of the market.  For those who want to sell, my suggestion is to get on the ball with prices strong.  For those who want to wait, it may be several years before we see significant appreciation so my suggestion is that you seriously consider making a move sooner than later.  For those worried about the bottom falling out, Austin is and remains one of the most desirable places to live in

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Top 30 Most Popular Neighborhoods in Austin Texas

Monday, July 28th, 2008 at 1:17pm. 5,274 Views

Have you ever wondered what subdivisions in Austin Texas are selling the most homes?  During the first 7 months of 2008 the highest number of homes for sale in all of Austin Texas were sold in the below list of the top 30 Austin Texas subdivisions.   The below subdivisions were chosen based on the total number of houses that actually sold in the subdivision during the above stated time compared to other Austin Texas subdivisions.

If you are looking to find Austin homes for sale in any of these subdivisions feel free to click on the name of the subdivision in the below list for a complete list.  If you would like to find an Austin Realtor or Austin Realtors, or search for homes in Austin then click on the links for Austin Real Estate.

Subdivision: # of

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Austin Realtors Unemployment and Austin Real Estate Report June 2008

Saturday, July 19th, 2008 at 3:28pm. 1,552 Views

Austin Realtors Report: Unemployment numbers for June 2008 have arrived from the Texas Workforce Commission! The updated numbers show that the Austin Texas unemployment rate increased from 3.7% in May 2008 to 4.2% in June 2008, which represents an increase of 4,300 unemployed people in Austin between May and June 2008.   When comparing June 2008 to June 2007, June 2007 was better with 2,800 more people employed.  Austin’s unemployment rate continues to beat the overall State of Texas unemployment rate by .6%, 4.8% for the State of Texas versus 4.2% for Austin. 

So far through June of this year, 4,931 houses have been sold with a median price of $122.24 per square foot or $240,000, which is 23% less houses sold in 2008 than the 6,388 that sold during

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Austin Texas Luxury Real Estate Statistics

Wednesday, July 16th, 2008 at 4:40pm. 1,940 Views

Luxury home sales, herein defined as homes priced over $1 million, have been on a steady rise since 1999 in Austin Texas.  From 2005 to 2006, the number of luxury homes that sold increased by a whopping 40%.  Home sales leveled out in 2007 with 276 luxury homes sold.  So far in 2008 we are on track to have a 37% decrease in the number of luxury homes sold in Austin compared to 2007 with 95 luxury homes sold so far this year through 7/16/08.  While the number of luxury homes sold has decreased in 2007 compared to 2008, prices have just slightly decreased by 3.9% from $279 to $268 per square foot while days on market have actually decreased 13% from 107 to 93.

There are currently 424 active luxury homes listed for sale in Austin Texas, 87% of which are

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Austin Real Estate Ridge at Lantana Market Update 2nd Quarter 2008

Friday, July 11th, 2008 at 10:11am. 1,857 Views

Home sales have picked up in the Ridge at Lantana when comparing the 1st Quarter 2008 to the 2nd Quarter 2008!  In Q1 we reported only 1 home sold and 2 pending while in Q2 there have been 4 homes sold and 2 are pending sale.  Homes averaging 2000-3000 square feet are selling in the $140-145 per square foot price range and homes averaging 3000-4000 square feet are selling in the $115-125 per square foot price range.  This means that homes in the 2000-3000 square foot price range are selling for 5-8.5% less than they are asking and homes in the 3000-4000 square foot price range are selling for 4-11.5% less than they are asking.  Homes with 4,000+ square feet have not been selling although there is one home with over 4,000 square feet that is pending sale –

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