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 – they are asking $133 per square foot. There are 18 active listings in Lantana averaging over 100 days on the market.
*Information provided by the Austin Board of REALTORS®
