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Austin Texas Real Estate Market Update and Statistics May 2009

June 4, 2009

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 youRead More

Austin Texas Real Estate Market Update and Statistics March 2009

April 7, 2009

While Austin real estate has not been immune from the effects of the national recession, the city has weathered the storm well compared to other cities around the country.  According to the Austin Board of REALTORS®, the Austin-area housing sector is still outperforming the majority of the country.  Consider this:   • Builder magazine cited AustinRead More

Austin Texas Real Estate Market Update and Statistics February 2009

March 1, 2009

Median sold prices for Austin homes (single-family) are down 3.2% and the number of homes sold is down 41% for February 2009 compared to February 2008.  Bank rates for a 30 year fixed mortgage remain very low at 5.25% as of 3/1/09 according to bankrate.com.  Due to the $787 billion U.S. Stimulus Plan recently signedRead More

Austin Texas Real Estate Market Update and Statistics January 2009

February 1, 2009

Median sold prices for Austin homes (single-family) are down 2.2% and the number of homes sold is down 47% for January 2009 compared to January 2008.  Bank rates for a 30 year fixed mortgage remained low at 5.33% as of 2/1/09 according to bankrate.com.  With fewer homes being purchased and with low interest rates, thisRead More

Austin Texas Real Estate Statistics 2008

January 1, 2009

Below are detailed Austin real estate market statistics for the year 2008. Sold:  During 2008 there were 8,351 homes sold in Austin Texas compared to 10,800 during the same period of time in 2007, which is a 22.7% reduction.  Overall home prices have increased slightly by .67% for the year with a median sold priceRead More

Austin Texas Real Estate Market Update and Statistics November 2008

December 1, 2008

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 thatRead More

Austin Texas Real Estate Market Update and Statistics October 2008

November 3, 2008

Austin real estate home prices are steady, the number of Austin homes sold is still low, and the number of homes withdrawn from the market is still high.  With a new President on the way and the chance for the $700 billion dollar bailout to kick in, we may be looking at much higher numberRead More

The Ranch at Bushy Creek Market Update October 2008

October 17, 2008

The Ranch at Brushy Creek is located just north of Avery Ranch, which is east of Parmer Lane, north of 620, and south of 1431 in Cedar Park Texas, just north of Austin and other Austin real estate.  This new neighborhood was opened up in 2005 with builders such as Newmark, Drees, David Weekly, Morrison, Lennar,Read More

Austin Texas Real Estate Statistics September 2008

October 2, 2008

Austin real estate continues to feel the effects of the economy but so far has been able to buck the national trend with an overall price increase for the year.  Homeowners are increasingly pulling their homes off the market rather than taking a “below market” price for their home.  Single-family home sold prices are upRead More

Learn where Austin home prices are down – find a deal

September 25, 2008

My press release called "To Delight of Buyers, Real Estate Firm Reveals Areas Where Austin Home Prices are Down" can be found at the following link: Austin homes.  This is the press release that follows my release of my previous blog about Austin home prices by area comparing 2008 to 2007 (Jan 1 – SeptRead More