Austin MLS Stats for October 2012

 

A recent report shows there are 6,000+ single-family homes for sale in the Austin Multiple Listing System. They range in price from $18,900 for a 400 square foot place in a little town northeast of Austin to $15 million for a home containing a little over 16,000 square feet of living space with a stunning view of Lake Travis. The average list price is a little over $455,000.

 

As for October 2012, the Austin area saw 1,669 homes sell. The average price for a sold home was $283,643, or $118.55 per square foot, and the median price was $203,000 or $101.19 per square foot. Homes averaged 64 days on market before selling. There are also 2,782 homes currently under contract.

 

How does this compare to October of last year? In October 2011, our area saw 1,404 single-family homes sell. The average price for a sold home was $255,414, or $110.16 per square foot, and the median price was $192,000, or $95.49 per square foot. Homes averaged 79 days on market before selling.

 

So Austin saw an increase in home sales of just under 19% and an average price increase of over 11%. I’d say that makes our market pretty healthy!

 

 

Austin Homes Sales Dive 27% In September

This may not be the best news in Austin Real Estate as Austin home sales fell 27 percent year-over-year in September, but the total sold so far in 2010 remained just slightly lower than the same period in 2009, the Austin Board of Realtors reported Wednesday.

The Multiple Listing Service data showed total homes sold in September fell to 1,274. Year-to-date, sales volumes were 14,014, down 1 percent from the same period in 2009.

“As we’ve seen the last few months, year-over-year comparisons have been artificially altered due to the timing of the homebuyer tax credits,” Austin Board of Realtors Chairman John Horton said. “Thus, year-to-date figures continue to be a more meaningful measure of our market this year.”

Read more: Austin homes sales dive 27% in September | Austin Business Journal

Number Of Austin Homes Sold Declines While Prices Rise

ZipRealty is reporting this week that both the selling and asking prices for homes in the Austin Real Estate market have risen 17 percent over August of last year. This while actual sales of new and existing homes have actually dropped 19 percent compared with the same period last year.

Average selling prices on homes in Travis County increased from $282,869 to $331,200 over last year at this time reported Zip, a nationwide brokerage firm. But while sellers were pulling in over 95% of their asking price, total sales skidded to an average of $316,621, nearly 20% off their previous year mark and spent an average of 70 days on the market before selling, an increase of 3%.

[Read more…]

The Crestview Launch Party!

The Crestview - Paul Smith Austin Real Estate

I would like to thank everyone that came out the the Crestview launch party. It was a success with over 500 people in attendence. We had great food pr0vided by The Meathouse, Mandola’s Italian, and Mama Fu’s. Music by an amazing guitarist, Luis Benuelo’s. Take a look at the video that was just edited.

We have 21 unique floor plans with suspended staircases, Private outdoor living areas, and 5 inch wood plank floors. Prices start in the $140’s for a 0ne bedroom and in the $180’s for the two bedrooms. The models are open on Saturday and Sunday from Noon to 5pm. Please call to schedule a showing.

Paul Smith
512-228-8074

The Crestview Launch Party Is July 15th

The Crestview

Are you ready for the next party? Well here it is!
You won’t want to miss this FREE happy hour with live music, food from Mamma Fu’s, Mandola’s Italian, and Chedd’s.  We will have live music from Luis Banuelos, Drinks and much more…

We are giving away and iPad and have door prizes. You MUST RSVP to enter, you MUST be present to win!

please RSVP for this event. You can either RSVP here or RSVP@AustinCityLiving.com

see you there!!!

Take a look at the crestview’s website. http://TheCrestview.com

Thanks,

Paul