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June 2009

There are 3 blog entries for June 2009.

LEASED: Austin, TX | The Ridge at Lantana | 7812 Meloncon Cove

Thursday, June 25th, 2009 at 2:28pm. 5,503 Views

THIS HOME WAS LEASED IN AUGUST 2009. 

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The Ridge at Lantana • Hill Country View • 7812 Meloncon Cove

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7812 Meloncon Cove is a stunning two story home in southwest Austin is a mix of classic simplicity and modern elegance.  The “Santa Cruz” style 5 bedroom 4 bath home sits on just under ½ acre and is only 8 miles and 15 minutes drive from downtown Austin in the heart of the Texas hill country!  Located on a quiet hill top cul-de-sac , this home captures an expansive view of the area while sitting on the enormous covered back patio that wraps around the side and back of the home.  This 4,127 square

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Austin Texas Real Estate Market Update and Statistics May 2009

Thursday, June 4th, 2009 at 6:01pm. 2,751 Views

Summer is in full swing for Austin real estate.  While the number of single-family homes sold within the Austin city limits was down 29% and overall prices are down 5.5% in May 2009 compared to May 2008, the supply of homes available for sale has decreased by 19% to 3.9 months of supply as you can see in the below bar chart.  The Austin unemployment rate in May 2009 was down to 5.8% from 6.2% in April 2009, showing comforting signs of stability early this summer.  The May 2009 Austin unemployment rate is lower than both the State of Texas (6.4%) and the U.S. (8.6%) unemployment rate, which is a good indicator of strength in the Austin economy.

Market Snapshot
(May 2009 compared to May 2008)
Austin Overall:
• 29% reduction in the number of

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Using comparable sales information to protest your taxes in Travis County?

Monday, June 1st, 2009 at 8:56pm. 4,145 Views

I recently visited the Travis County Central Appraisal District (TCCAD) to protest my property taxes for my primary residence.  When I protested my taxes, the TCCAD representative told me that TCCAD uses comparable sales information for homes sold between 1/1/08 and 2/25/09 when calculating your 2009 tax value.  Any comparables sold after those dates would only be applicable for 2010 property taxes.  Even though prices dropped mostly in the 4th quarter of 2008 and the 1st quarter of 2009, I was told that the tax code allows TCCAD to use comparables that were sold anytime between 1/1/08 and 2/25/09 rather than just the most recent sold comparables.  TCCAD takes advantage of this privilege when calculating our 2009 property tax values.  While TCCAD did have

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