There are 9 blog entries for September 2008.
Thursday, September 25th, 2008 at 10:06pm. 2,471 Views
Austin unemployment continues to be on the rise in 2008. Regarding Austin homes January through August of 2008, the number of single-family homes sold is down 23%, and home prices are up 2% for the year with overall Austin home prices down for the first time in August (comparing August 2008 to August 2007).
Since April of 2008 the Austin unemployment has increased by 27% from 3.3% to 4.5%, which is an increase of 10,800 people unemployed. This compares to a 13.5% increase in unemployment during the same period of time in 2007, which represented an increase of 1,600 unemployed. The Austin unemployment rate has increased by 13% since January, an increase of 5,600 unemployed. This compares to a 5% decrease in unemployment during the same period of…
Thursday, September 25th, 2008 at 10:48am. 1,860 Views
My press release called "To Delight of Buyers, Real Estate Firm Reveals Areas Where Austin Home Prices are Down" can be found at the following link: Austin homes. This is the press release that follows my release of my previous blog about Austin home prices by area comparing 2008 to 2007 (Jan 1 - Sept 18). This is an excellent place to determine what parts of Austin have seen Austin home depreciation, which could mean finding a good deal for buyers and investors.
Monday, September 22nd, 2008 at 9:31pm. 2,401 Views
Below article is a continuation of my previous blog found at the following link: http://www.regentpg.com/blog/brian-talley/austin-home-prices-are-up-home-sales-are-down-is-your-neighborhood-safe/show/
Let’s now look at the more sobering reality. When considering home sales volume in Austin in 2008, the numbers are telling. Only one zip code in Austin had an actual increase in the number of homes sold in 2008 compared to 2007, which happens to be 78705 located in central Austin where you will find subdivisions such as Aldridge Place, Harpers, and Oakwood (**See below for a longer list of subdivisions). The 78756 zip code in central Austin had the same number of homes sold in 2008 as in 2007. The other 49 zip codes that we tracked had anywhere from 4%…
Monday, September 22nd, 2008 at 9:29pm. 4,591 Views
Austin homes: Prices are up 2% for the year for single-family homes in Austin Texas. But does this indicate that all areas of Austin have gone up in value? Likewise, the number of single-family homes sold in Austin is down 23% for the year, but does this mean that all areas of Austin have slowing home sales? In order to determine the answer to these questions we decided to compare 2008 sold home prices and the number of homes sold to those during the same time period in 2007 (January 1, 2008 - September 18, 2008) within 51 zip codes in the Austin area. These Austin real estate statistics are shocking!
Let’s start with the great news. Out of 51 zip codes that we tracked in the Austin area, 73% of them have increased in value when comparing sold…
Friday, September 19th, 2008 at 8:21pm. 1,527 Views
Thursday, September 18th, 2008 at 10:07pm. 6,269 Views
Find the updated report for Top REALTORS® in Austin 2010.
Top Austin REALTORS®: If you have been wondering who has been selling the most single-family homes in Austin Texas in 2008, you have come to the right place. So far there have been 6,521 homes sold in Austin this year between January 1 and September 18, 2008 – these are homes sold within the city limits. While the below 30 REALTORS® have sold an impressive 848 homes combined, this makes up only 7.7% of the homes sold in Austin so far this year. Given this statistic, it is safe to say that no one REALTOR® has a lock on market share in Austin Texas for selling single-family homes.
It is important to note that the below REALTORS® do not all work alone or get their business in the traditional…
Friday, September 12th, 2008 at 4:44pm. 1,695 Views
While single family home prices in the Ridge at Lantana are still robust, overall median prices have reduced slightly by 3% and the number of resales are down 25% compared to 2007. Homes willing to price competitively seem to be getting sold.
On Friday, September 12 there are 17 homes listed for sale and 4 homes pending sale in Lantana. These homes have a median list price of $133.70 per square foot ($448,990), median of 3,502 square feet, and averaging 102 days on the market. The median list price is 7% higher than the median price of sold homes in Lantana so far this year, which is a reasonable spread compared to the overall Austin market.
Between January 1, 2008 and September 12, 2008 the Ridge at Lantana had 9 homes sell with a median sold price…
Wednesday, September 10th, 2008 at 9:08pm. 1,936 Views
Austin luxury real estate is herein defined as single family homes priced over $1 million. The number of luxury homes sold in Austin has been on the rise since 1999 when 56 luxury homes were sold. Fast forward to 2007 and you will find that 276 luxury homes were sold, a 493% increase or an average increase of 62% per year since 1999. So far in 2008 there have been 137 luxury homes sold in Austin, which puts us on track for there to be approximately 183 luxury homes sold during all of 2008. While this is a 34% decline compared to 2007 and a 35% decline compared to 2006, it is still 8% higher than 2005 and 27% higher than 2004. Austin luxury home prices are up 2.8% and the number of homes sold is down 34% when comparing 1/1/08-9/10/08 to the same…
Wednesday, September 3rd, 2008 at 6:01pm. 2,238 Views
If you pay attention, real estate market statistics tell a story. Here is what the data from my August 2008 Austin real estate market update is saying:
1) Austin real estate home prices are still very robust. While overall Austin home prices are down 1% when comparing August 2008 to August 2007, prices are up 27% since the market peak in the year 2000 from $90 per square foot to over $122 per square foot in 2008.
2) Home sellers in Austin who price their home aggressively are getting deals done. The median list price for homes pending sale in Austin are 1% lower than the median sold price in Austin. This is opposed to the fact that the median list price for all homes available for sale in Austin are priced 16% higher than Austin’s median sold