Posts Tagged ‘austin home prices’

19 November

Austin-area home sales headed for fourth annual drop – Statesman article

Posted by Tom Bates

 

Read the full The Austin American Statesman article by Shonda Novak here: Austin area home sales drop.  Austin area home SALES (number of transactions) is down, however, prices are actually up.

“The median price for October was up 10 percent from a year earlier to $198,500, the Board of Realtors reported, reflecting more sales in the higher price ranges.”

“Ed Friedman, a director at Moody’s Analytics who covers the Texas economy, said the housing market eventually will head back up again, “but the pace of improvement will be slow.”  Friedman said the October sales decline “may very well be the bottom” and predicts a gradual pickup in sales and prices in 2011.”

Tom: My take-away? 2011 is going to be a much different year for Austin real estate.  Note to fence-sitters: time to buy.  Looking for foreclosures? Here is a link to get our free Austin foreclosure list and Austin luxury foreclosure list

 
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18 October

Austin Eanes ISD Home Sales UP 19% YTD’10 vs YTD’09

Posted by Tom Bates

 

The volume of home sale in Eanes ISD in west Austin has increased this year 19% vs the same year-to-date period last year.   How is the Eanes ISD real estate luxury market doing in comparison? Even better.  YTD there has been a 28% increase in Eanes ISD home sales listed over $1,000,000.  The price paid per square foot for luxury Eanes ISD homes YTD10 vs same period YTD09 also increased 4%.   Does this mean that the Austin real estate market has bounced off the bottom?  Possibly so.  If you are looking for a historically good deal, I wouldn’t wait too much longer!

 
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