Ridge at Lantana Market Update

Home resale prices continue to dip in 2008, although those homes willing to price aggressively seem to be getting sold.

Between January and July of 2008 the Ridge at Lantana had 7 homes sell with a median sold price of $124.54 per square foot and 3,267 square feet.  This compares to 9 homes that sold during the same period of time in 2007 with a median sold price of $127.78 per square foot and 3,064 square feet.  There are currently 12 homes listed for sale and two homes pending sale in Lantana. 

During the month of July Lantana had two homes sell with a median sales price of $114.02 per square foot and averaging 4,035 square feet.  In July of 2007 there was only 1 home sold for $135.34 per square foot and 3,312 square feet.  One home sold in June 2008 for $140.16 per square foot but it was only 2,547 square feet.  Homes in the 2000-3000 square foot range are selling for much higher per square foot than the 3000-4000 square foot range.

Raw real estate data provide by Austin Board of Realtors with analysis and article provided by Brian Talley of Regent Property Group.