Ridge at Lantana Market Update 6/10/08

According to the Austin Board of Realtors 4 homes have sold in the Ridge at Lantana since January 1, 2008 averaging $128 per square foot, a 3.8% average price reduction compared to the 6 homes sold during Oct. & Nov. of last year.  Currently, there are 18 active listings averaging $136.88 per square foot ask price and two pending listings averaging $136.33 per square foot.  So homes in the Ridge at Lantana are asking an average of 6.5% higher than they are selling.

Sold: Since 5/1/08 no homes have sold
Pending: There are two homes currently pending sale including 7400 Bonniebrook Dr asking $132 per square foot ($524,900 with 3,972 square feet) and 5821 Terravista Drive asking $140.52 per square foot ($357,900 with 2,547 square feet).
Withdrawn: 2 homes were withdrawn from the market since 5/1/08
Active: There are 18 active listings with an average ask price of $154 per square foot for homes between 2000-3000 square feet, $131 per square foot for homes between 3000-4000 square feet, and $134 per square foot for homes between 3000-4000 square feet. 

Information collected from the Austin Board of Realtors through 6/10/08