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Austin Real Estate Ridge at Lantana Market Update 2nd Quarter 2008

published on July 11, 2008

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®

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