Skip to main content

Austin Real Estate Market Update May 2008 – Sell NOW with Prices on the Rise!

June 2, 2008

While Austin residential real estate home prices continue to rise slowly, the number of homes selling in Austin is down substantially and it seems to be getting worse each month.  So if you need to sell your home, NOW is a good time with prices still on the rise for Austin homes.  With that said,Read More

Austin Texas Real Estate Report April 2008

May 1, 2008

Real Estate Austin Texas: Real Estate in austin texas has been softer than 2007 but there are still a lot of homes selling. Austin texas luxury real estate has also slowed down a bit compared to last year.  Commercial real estate austin texas has also slowed down in 2008 but not as much as residential. Read More

A bright spot on the horizon for Austin residential real estate?

March 24, 2008

Since January 1st of this year (2008) 1,813 homes have sold and 884 homes have been withdrawn from the market in Austin Texas, a 28% decline and 42% increase respectively from the same period last year.  This reflects a weaker Austin Texas residential real estate market in 2008 compared to 2007.  With that said, theRead More

2008 Austin Texas Real Estate Home Sales Still Slow

March 3, 2008

Since January 1st of this year 1,214 homes have sold and 342 homes have been withdrawn from the market in Austin, a 32% decline and 47% increase respectively from the same period last year.  With that said, the median price for homes sold during the same period in 2007 was $120 per square foot withRead More

2008 Home Sales in Austin Texas Could Be Much Worse

February 28, 2008

The number of homes sold in Austin Texas in 2008 compared to the same time period in 2007 from January 1 thru February 28 is down 35% and homes taken off the sale block is up 52% in 2008 when comparing the same time periods.  In 2007 there were 1,690 homes sold from February 1 thru February 28 with 336Read More

February Home Sales Update for Austin Texas Real Estate

February 17, 2008

The number of homes sold in Austin Texas in 2008 compared to the same time period in 2007 from January 1 thru February 16 is down 29% for the time period beginning January 1 and ending February 16.  In 2007 there were 775 homes sold in January and 446 homes sold from February 1 thruRead More

2008 Home Sales Have Started Off Beat

January 31, 2008

In 2007 there were a total of 13,162 homes sold in Austin Texas at a 9% average increase in value from the previous year. While the number of homes sold was down 12% in 2007 compared to 2006 in Austin Texas, homes sold for an average of $14 per square foot more in 2007 thanRead More

Austin Real Estate Market

January 4, 2008

The headline of the business page today shows Austin new home starts at their lowest since 2004 with the market down 20% in the 4th quarter.  For some this might bring fear and dismay at how one of the fastest growing cities in the country could be showing continued weakness in the real estate market. Read More

Austin Real Estate Statistics and Summary 2007 in Review

January 2, 2008

What is all the fuss? Austin real estate was still strong in 2007.    While the number of homes sales was down 12% in 2007 compared to 2006 in Austin Texas, homes sold for an average of $14 per square foot more in 2007 than in 2006. Using the average home sales price times the number ofRead More

Neighborhood Statistics – Residential Real Estate in Austin Texas – January – November, 2007

December 19, 2007

As you can see in my chart below, the neighborhoods that have been hit the hardest by the market slow down in terms of reduced home sales on a % basis have been Rollingwood, Travis Country, Barton Creek, Lakeway, West Lake Hills, and Westlake. Communities that actually improved in 2007 compared to 2006 are Davenport West,Read More