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December 2008

There are 6 blog entries for December 2008.

Austin Unemployment and Austin Real Estate Market Update November 2008

Friday, December 19th, 2008 at 10:45am. 1,672 Views

Austin unemployment continued to increase in November 2008 to 5% while Austin sold prices are flat and the number of homes sold remains low.  While this is a seasonally one of the slowest times of the year for home sales volume, Austin has experienced low sales volume for single-family homes within the Austin city limits compared to 2007, 22% lower in 2008 than 2007 when comparing the time period between January 1 and December 19.  Sales volume is down 30% this year when comparing 2008 to 2007 for the time period between December 1 and December 18.   With continued low sales volume the opportunities for "good deals" increase in Austin, therefore I continue to recommend selling competitively and buying aggressively through the first several months of

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Home by Lake in Texas Hill Country | The Hollows® Northshore | Lake Travis Home | 7513 Lantern View Drive

Wednesday, December 17th, 2008 at 11:13am. 2,570 Views

Virtual Tour http://www.tourfactory.com/471218

If you are looking for a home or second home in a luxury lakeside community in the Texas hill country, you have found it at 7513 Lantern View Drive!  Only 30 miles from Austin on the north shore of Lake Travis there is a large master planned development called The Hollows – winner of the Austin Business Journal’s 2008 Master Planned Community of the Year.  This resort style community is nestled against the north shore of Lake Travis and is packed with all of the amenities and features that a person could hope for in a resort style community on Lake Travis.  The community includes a deep water marina, an infinity pool and hot tubs with an incredible view, an exercise facility and pool side grill, a

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Price Reduced for Home by Lake in Texas Hill Country | The Hollows® Northshore | Lake Travis Home | 17816 Regatta View Drive

Tuesday, December 9th, 2008 at 1:26pm. 1,834 Views

Click here to visit virtual tour for 17816 Regatta View Drive in the Hollows

The price of my listing at 17816 Regatta View Drive (MLS#9134665) in The Hollows (the winner of the Austin Business Journal’s 2008 Master Planned Community of the Year) has just been reduced from the original list price of $849,000 to $749,999!  This is an amazing deal on a newly constructed home that has never been lived in with access to luxury amenities including lake access, a huge private deep water dock, a large pool with hot tubs, an exercise facility, a restaurant, smokehouse facilities, and many, many other perks.  This luxury home has too many upgrades to count, has never been lived in, and sits on a whopping 1.55 acres in a resort like community at the Norshore

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SOLD ON 9/101/10!Texas Hill Country Home | Ridge at Lantana Home | Southwest Austin Home | 5917 Terravista Drive

Tuesday, December 2nd, 2008 at 7:44pm. 2,649 Views

SOLD ON 9/10/10! Looking for a luxury Austin home in the Texas hill country just minutes from downtown Austin for a great price?  You have found it!  Just 8 miles south of downtown Austin you will find The Ridge at Lantana subdivision in the heart of the Texas hill country.  While the Ridge at Lantana seems to be located in a world of its own, it is actually a short 8 mile drive downtown, 15 miles to the airport, and just a few miles away from the grocery store and an abundance of retail.  Aesthetically, the homes in Lantana have similar features with lots of native limestone and some have brick.  The houses are located on the side of a hill and therefore offer many residents a nice view of the hill country.  There is an abundance of green space

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Why Austin real estate is good for buyers and sellers

Monday, December 1st, 2008 at 10:25pm. 1,761 Views

Sold prices are strong in Austin: In Austin, single-family median home prices are up 25% since the peak of 2000 when the median sold price for a single-family home was $89 per square foot compared to $120 per square foot today.  So if a seller has been in their house for 3 or 4 years or more and they sell now, the chances are that they will be taking a gain on the sale even if they have to take a lot less than what they were expecting. 
Sell low and buy lower:  With fewer homes selling in Austin there is more pressure on home sellers to drop their price to get their home sold.  While this may hold true in the current Austin real estate market, don’t forget the flip side of the coin is that the seller may turn around and find an even better deal when

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Austin Texas Real Estate Market Update and Statistics November 2008

Monday, December 1st, 2008 at 12:20am. 2,354 Views

Median sold prices for Austin homes (single-family) are up 1.1% for the year and 1.7% for November 2008 compared to November 2007.  The number of homes sold in Austin is down 23% for the year and 54% for November 2008 compared to November 2007, the biggest overall decrease in the number of homes sold that we have seen yet this year.  The national market volatility is clearly the culprit of this low sales volume, which has instilled fear and wonder into home buyers and sellers about whether we will continue to experience a depressed national economy as we move into the New Year.  The Austin real estate market remains one of the strongest in the country having experienced an overall price increase for the year.  My recommendation of selling competitively

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