Austin Home Sales Trends June to July 2011

Austin Home Sales Trends

Austin home sales information is compared month to month to assist in determining price trends.  A month to month comparison is indicative of whether the market is becoming hotter or colder.  The number of Austin houses sold in July showed a significant decrease from June.  The average sales price per square foot saw a slight increase, and the average list price per square foot displayed essentially no change.  Additionally, the average number of days for Austin homes to be active on the market showed a moderate increase.

Specifically, sales of single family Austin homes saw a significant decrease of 12.94% from 1020 to 888 homes sold from June to July of this year.  The average sales price showed essentially no change going from $334,036  to $332,916  a change of 0.34%.  The average sales price per square foot for Austin displayed a slight increase of 1.00% to $141.24 .   The average sales price was 96.89% of the listing price, essentially no change from the prior month.  This percentage is indicative of how much the price was lowered in order to make the sale.  However, the average number of days for Austin homes to be active on the went from 62 to 65 for a moderate increase of 4.84%.  As the number of days a home is on the market decreases it is indicative of the market heating up, and houses moving more quickly.

Austin Houses for Sale

As of Tuesday, August 23, 2011there are 3,447 Austin houses for sale.  These Austin homes have been active on the Austin real estate market an average of 103 days with an average list price of $536,628 or $173.14 per square foot.  Currently listed Austin houses for sale average 2,660 square feet in size.  The smaller the home, generally the higher the price per square foot for homes in similar condition.  This does not always hold true, especially when you get into the luxury home market with many custom features or high end amenities.  The prices for homes currently active on the market range from a low of $34,900 to a high of $12,000,000 .  Prices range from $27.12  to a high of $3,082.32  per square foot.  The median price per square foot for Austin houses for sale is $136.42    Austin homes have been active on the market anywhere from 0 to 1,323 days.  To see actual listings visit http://myfreehomesearches.com/austin-homes-for-sale/.  If you would like personal assistance in locating a home or determining the value of a home please contact Realtor, Kelley Menefee at 512-736-0822 with Keller Williams Realty.   Condos, townhomes, and mobile homes were not included in these statistics.

Austin Area Homes For Sale

Westlake Hills – Days on the Market Report January thru June 2011

Westlake Hills Homes for Sale – Sold Days on the Market Report

Between 1/1/2011 and 6/30/2011 27 West Lake Hills homes were sold.  Homes sold in 30 days or less accounted for 48.15% of the sales, and sold for 96.62% of the average advertised price.   Below is a chart providing more details about the average days on the market for West Lake Hills homes for sale.  The chart includes the number of properties sold, days on the market, and the average percentage of the advertised or listed price to the actual sales price.  Generally, the longer a property is on the market the more the price has to drop to complete the sale.  It is better to price the property appropriately upfront and move it.  Otherwise you may end up holding the property for an extended period and not receive any higher price.

Austin Area Homes For Sale

Austin – Days on Market Report January thru June 2011

Austin Homes for Sale Sold in the First Half of 2011

Days on Market

Between 1/1/2011 and 6/30/2011 4,328 Austin homes were sold.  Homes sold in 30 days or less accounted for 40.53% of the sales and sold for 97.63% of the average advertised price.   Below is a chart providing more details about the average days on the market for Austin homes for sale.  The chart includes the number of properties sold, days on the market, and the Average sales price to the advertised or listed price.  Generally, the longer a property the more you are going to have to drop the price.  It is better to price the property appropriately upfront and move it.  Otherwise you may end up holding the property for an extended period and not receive any higher price.  See current Austin homes for sale.

Austin Area Homes For Sale

Austin Homes for sale as of 8/16/2011

Currently there are 3,480  Austin homes for sale.

These properties have been active on the market an average of 101 days with the oldest property having been on the market 1,316 days.  The current average listed price for a Austin home for sale is $536,715  or $173.36  per square foot.  The median price is $299,900  with a median price per square foot of $136.79 .  The average number of square feet for a home listed for sale in Austin is 2,660 square feet.  Generally the smaller the home, the higher the price per square foot for homes in similar condition in the same general location.  This does not always hold true, especially when you get into the luxury home market with many custom features or high end amenities.  The prices for homes currently active on the market range from a low of $34,900  to a high of $12,000,000 .  Prices range from $27.12  to $3,082.32  per square foot.  The best guide to home value is from actual home sales.  Check out our other blog posts that provide recent sales data.  If you would like assistance in locating a home or determining the value of a home please feel free to contact Kelley Menefee at 512-736-0822 or request a free no obligation Market Analysis.  The data above was pulled from the Austin Area Board of Realtor’s multiple listing service.  Analysis provided courtesy of  MyFreeHomeSearches.com.  See current Austin homes for sale.

Austin Area Homes For Sale

Austin Home Sales Trends July 2011

Austin Homes for Sale Trends for July 2011

Austin Home Sales information is compared to the same month in the prior year to assist in determining trends.  The comparison is made with the same month in the prior year due to fluctuations based on the time of year.  Sales generally rise and fall in the same periods or months each year, so one of the best comparisons for sales trends is to look at the same month in the prior year.    The number of homes sold in Austin showed a significant increase from July of last year.  The average sales price per square foot saw a moderate decrease, and the average list price per square foot displayed a moderate decrease.  Additionally, the average number of days on market for properties sold in Austin showed a slight increase.

Specifically, sales of single family homes saw a significant increase of 23.03% from 712 to 876 homes sold from July of last year to July of this year.  The average sales price showed a noticeable decrease of 7.02% from $358,875  to $333,696.  The average sales price per square foot displayed a moderate decrease of 3.43% to $141.44 .   The average sales price was 96.89% of the list price, essentially no change from the same month in the prior year.  This percentage is indicative of how much the price was lowered in order to make the sale.  The average days on market for the sold properties went from 63 to 64 for a slight increase of 1.59%.

As the number of days on the market decreases or increases it is indicative of the market heating up or cooling down.  If you would like assistance in locating a home, or determining the value of a home please feel free to contact Kelley Menefee at 512-736-0822 or request a free no obligation Market Analysis.  The above statistics were pulled from the Austin Multiple Listing Service.  Condos, townhomes, and mobile homes were not included in these statistics.  Analysis provided courtesy of  MyFreeHomeSearches.com.

Austin Area Homes For Sale

Avery Ranch Active Listings August 2011

Austin Homes for Sale Statistics for Avery Ranch

Currently there are 66 properties active on the market in Avery Ranch in Austin, Texas.  These properties have been active on the market an average of 56 days with the oldest property having been on the market 276 days.  The current average listed price for an Austin home for sale is $287,336  or $108.17  per square foot.  The median price is $240,017  with a median price per square foot of $107.23 .  The average number of square feet for a home listed for sale in Avery Ranch in Austin is 2,662 square feet.  Generally the smaller the home, the higher the price per square foot for homes in similar condition in the same general location.  This does not always hold true, especially when you get into the luxury home market with many custom features or high end amenities.  The prices for homes currently active on the market range from a low of $168,900  to a high of $669,900 .  Prices range from $72.75  to $154.00  per square foot.  The best guide to home value is from actual home sales.  Check out our other blog posts that provide recent sales data.  If you would like assistance in locating a home or determining the value of a home please feel free to contact Kelley Menefee at 512-736-0822 or request a free no obligation Market Analysis.  Analysis provided courtesy of  MyFreeHomeSearches.com.  The above statistics were pulled on August 11, 2011 from the Multiple Listing Service for homes listed for sale in Avery Ranch in Austin, Texas.  Condos, townhomes, and mobile homes are not included in these statistics.

Austin Area Homes For Sale

Austin Home Statistics For Active Listings – August 2011

Currently there are 3,559 properties active on the market in Austin, Texas.  These properties have been active on the market an average of 100 days with the oldest property having been on the market 1,311 days.  The current average listed price for an Austin home for sale is $537,828  or $172.85  per square foot.  The median price is $299,900  with a median price per square foot of $136.36 .  The average number of square feet for a home listed for sale in Austin is 2,671 square feet.  Generally the smaller the home, the higher the price per square foot for homes in similar condition in the same general location.  This does not always hold true, especially when you get into the luxury home market with many custom features or high end amenities.  The prices for homes currently active on the market range from a low of $48,500  to a high of $12,000,000 .  Prices range from $27.12  to $3,082.32  per square foot.  The best guide to home value is from actual home sales.  Check out our other blog posts that provide recent sales data.  If you would like assistance in locating a home or determining the value of a home please feel free to contact Kelley Menefee at 512-736-0822 or request a free no obligation Market Analysis.  Analysis provided courtesy of  MyFreeHomeSearches.com.  The above statistics were pulled on August 11, 2011 from the Multiple Listing Service for homes listed for sale in Austin, Texas.  Condos, townhomes, and mobile homes are not included in these statistics.

 

Austin Area Homes For Sale

Avery Ranch Home Sales for January thru June 2011

In Avery Ranch, from 1/1/2011 to 6/30/2011   75 homes were sold ranging in price from a low of $144,180  all the way up to $564,000  with an average sales  price of $246,336  and a median sales price of $225,000 .  The average price per square foot for a Avery Ranch home for sale was $104.37  with a range from a low of $66.91  up to $150.36  per square foot.  The sales price averaged 97.15% of the list price for homes sold in Avery Ranch.  In other words this is the average percentage homeowners had to reduce the sales price from the current listing price to achieve the sale of their Avery Ranch home.  The average number of days on the market was 63 with the fastest sale taking 0 days.  The home on the market the longest before being sold was listed for 319 days.  The most recent sale prices are the best way to determine the value of a home you may want to sell or purchase.  However, values vary greatly based on neighborhood, location, condition and many other factors.  If you would like assistance in determining the value of a home please feel free to contact Kelley Menefee at 512-736-0822 or request a free no obligation Market Analysis to learn the true value of your home.  The data above was pulled from the Austin Area Board of Realtor’s multiple listing service.

Austin Area Homes For Sale