Balcones Oaks Subdivision Market Report - for the year 2008

This year, 4 properties have sold in Balcones Oaks Subdivision. The sales ranged from $210,000 to $305,000 with the average being $272,500 or $138.77 per sq. ft. Currently, there are no homes on the market.

During 2007, 6 properties had sold for an average price of $293,400 which is $120.84 per sq. ft. Larger homes sold during 2007, which is why the average price was higher. Conversely, smaller homes sold during this last year, which resulted in a higher price per sq. ft. The time to sell during 2008 for the 4 properties that sold was 11 days. For 2007, it took an average of 51 days for the 6 properties to sell. For 2008, the average days on the market for the Austin Metro area was 70 days. So the time for properties to sell in Balcones Oaks was quite impressive. Being a area resident, it is good to see this activity and that the prices are holding strong. This is both a reflection of the strength of the Austin real estate market and how desirable this close in area is.

Mary "B" Battaglia GRI, CRS

Austin, Texas