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October 2010 Market Statistics | Austin Real Estate

October 2010 Market Statistics | Austin Real Estate

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Published by Daniel Price
Austin Real Estate Market Snapshot by Team Price Real Estate
Austin Real Estate Market Snapshot by Team Price Real Estate

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Published by: Daniel Price on Nov 08, 2010
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SqFtListing PriceLP/SqFtSelling PriceSP/SqFtDaysHigh
7,797 $4,350,000 $855.79 $3,759,000 $739.52 696
Low
630 $50,000 $37.17 $35,000 $36.85 0
Average
2,320 $293,153 $123.02 $278,417 $117.41 84
Median
2,120 $219,975 $104.43 $212,700 $101.13 65OWNER 299 37.24%
NAME# SOLD% OF ALL
VACANT 483 60.15%Steiner Ranch17 2.12%TENANT 21 2.62%Avery Ranch12 1.49%Circle C Ranch12 1.49%Highland Park12 1.49%YES 110 13.70%Milwood12 1.49%NO 693 86.30%Travis Country9 1.12%Village At Western Oaks9 1.12%Buttercup Creek8 1.00%# OF HOMES36345.21%Forest Creek8 1.00%AVERAGE$4,171.69Forest Oaks8 1.00%MEDIAN$4,126.00# OF HOMES14117.56%
ZIP# SOLD% OF ALL
AVERAGE$1,827.0478613 53 6.60%MEDIAN$695.0078660 50 6.23%78641 46 5.73%78664 41 5.11%# OF HOMES50362.64% 78681 36 4.48%AVERAGE-$26,901.9278748 34 4.23%MEDIAN-$14,950.0078665 32 3.99%78640 28 3.49%78704 25 3.11%# OF HOMES64279.95% 78750 22 2.74%AVERAGE-$18,854.21MEDIAN-$9,900.00
YEAR# SOLD% OF ALLFROMTO# SOLD
2010 94 11.71%$0 $149,900 215 2006 50 6.23%$150,000 $199,999 152 2003 33 4.11%$200,000 $249,999 113 2000 32 3.99%$250,000 $299,999 91 2009 31 3.86%$300,000 $349,999 55 2005 31 3.86%$350,000 $399,999 50 1999 31 3.86%$400,000 $449,999 23 2002 30 3.74%$450,000 $499,999 22 2007 27 3.36%$500,000 + 82 2004 26 3.24%
SELLER PAID CLOSING COSTSREPAIR ALLOWANCE TO BUYERPRICE DROP BEFORE RECEIVING OFFERPRICE DROP AFTER RECEIVING OFFERPRICE ANALYSIS BREAKDOWN
Austin, Round Rock, Pflugerville, Cedar Park, Leander, West Lake Hills, Buda, Kyle
OCCUPANCYTOP YEAR BUILTTOP 10 SUBDIVISIONSFORECLOSURE SALESTOP 10 ZIP CODES
803 homes sold between October 01 2010 and October 31 2010
TEAM PRICE REAL ESTATE512-524-6608
http://www.teamprice.com
11/8/201011:20 AM
 
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New Listings2Pending Sales3
Residential Sales Report
September 2010
With this month's report, be mindful of the fact that activity was uniquelystrong last year at this time due to the approaching deadline for the 2009tax credit. This means that we're entering an apples-to-oranges'
A free research tool from the
Austin Board of REALTORS® 
brought to you by the unique data-sharing traditions of the REALTOR® community
 
Closed Sales4Days On Market Until Sale5Median Sales Price6Average Sales Price7Percent of Original List Price Received at Sale8Housing Affordability Index9Housing Supply Outlook
All Residential Properties
10
 
Under $125,000 
and
$125,001 to $175,000 
11
 
$175,001 to $250,000 
and
$250,001 to $400,000 
12
$400,001 to $750,000 
and
$750,001 and above
13Market Overview14Annual Review15
comparson pero wc may mae s years acvy oo especayslow for the next few months. Combine that with the fact that this time of year typically endures slowed sales activity and that buyers in 2010 weredriven to enter contracts by April 30, 2010, and you'll see that September 2010's numbers should be taken with a grain of proverbial salt.Pending Sales in the Austin region decreased by 19.3 percent from lastSeptember to arrive at 1,551. New Listings decreased by 11.2 percentsince last September and the overall inventory of 13,313 increased by27.0 percent. Median Sales Price increased by 6.6 percent compared to lastSeptember, registering in at $195,000. Average Days on Market, at 78,increased by 13.4 percent versus last year. Months Supply of Inventorydecreased by 13.1 percent to weigh in at 7.7 months.For the sake of long-term market stability, be wary of an overabundanceof listing activity. If homes aren't selling like they used to, but listingsremain fairly flat, inventory will climb and prices may adjust downward.Balanced supply and demand, as always, is the ultimate goal.
A free research tool from the
Austin Board of REALTORS® 
brought to you by the unique data-sharing traditions of the REALTOR® community
All data from the ABOR Multiple Listing Service. Reports are created and maintained by 10K Research and Marketing.1
http://www.teamprice.com | 512-524-6608

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