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May 2009

There are 2 blog entries for May 2009.

Ridge at Lantana home for sale | 7904 Menler Drive

Thursday, May 21st, 2009 at 6:30pm. 2,014 Views

WITHDRAWN - THIS HOME WAS WITHDRAWN FROM THE MARKET EFFECTIVE 11/1/09

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The Ridge at Lantana • Backs to Greenbelt  • 7904 Menler Drive

Click here to see virtual tour of 7904 Menler Drive

This beautiful home backs to a lush greenbelt in the heart of the Texas hill country within the highly desirable “Ridge at Lantana” subdivision, less than a 15 minute drive from downtown Austin.  It sits on one of the best lots in the subdivision. This recently completed 3,972 square foot home sits on .1791 acres, and contains 5 bedrooms, 3 full bathrooms, 1 half bathroom, newly completed media room, an executive style office, a living room with

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Austin Texas Real Estate Market Update and Statistics April 2009

Saturday, May 2nd, 2009 at 3:32pm. 4,113 Views

We have definitely hit the “hot season” for residential real estate in Austin Texas.  While the number of single-family homes sold within the Austin city limits was down 28% in April 2009 compared to April 2008, we have experienced a seasonal monthly increase in homes sold each month since January 2009 as you can see in the below bar chart.  Sold prices have seen an overall decrease of 3.4% in April 2009 compared to April 2008, but the supply of homes available for sale has decreased by 9% to 4.4 months of inventory.  The Austin unemployment rate in March 2009 was down to 6.2% from 6.3% in February 2009, showing signs of stability leading into the summer.  The March 2009 Austin unemployment rate is lower than both the State of Texas (6.7%) and the U.S.

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