Seven Oaks Austin Texas Homes Market Report

I recently wrote an article with some in-depth information about Seven Oaks Austin Texas. If your new to Austin Texas and want to learn about the community Seven Oaks check out my previous post.

I also have a video and some great photos of Seven Oaks Austin Texas Homes. Seven Oaks Austin Texas is a beautiful community located in the Hill Country, just off Bee Caves Road (One of my favorites). If your looking for some market data check out the information below. You can also scroll to the bottom and search homes for sale in Seven Oaks Austin Texas.

Seven Oaks Austin Texas is really taking a BEATING in home values. I hate to say it, because homeowners don't want to hear it, but it's the truth! I have several friends who live in Seven Oaks Austin Texas, when I tell them what's going on, I can't even begin to tell you how frustrated they get. Here are the facts for the month of February in Seven Oaks Austin Texas.

February 2010 Seven Oaks Austin Texas Homes Report

Homes for Sale: 16

Currently Pending Sale: 2 - HOORAY! Or not? One of them went pending after a $400,000 Price Reduction.. OUCH!

Sold: 0

Seven Oaks Homes For Sale: Price Range: $1,595,000 to $4,495,000

Range in Square Footage: 5,000 to 11,500 Sq. Ft.

MY ANALYSIS:  (What I tell my friends in Seven Oaks Austin Texas)

Homeowners are not being educated on the market conditions. Their homes are sitting for sale over a year, then they are taking a HUGE hit on the sales price because they have to sell it! On average, prices are slashed over 10%! The last home that sold in Seven Oaks Austin Texas was in December 2009. The property sold for $175 per sq.ft. ($1,560,000). It was on the market for 393 days and was originally listed for sale at almost $2,000,000. Talk about a drastic price reduction! I should add that the property was a foreclosure, so you might think this property is an exception.. FALSE!!

The last home sold before this foreclosure occurred in October 2009. The home was originally listed for $2,200,000. Guess what it sold for? $1,599,999! WOW, a $600,000 REDUCTION! It was also on the market for 291 days!

HOMEOWNERS: How do you solve this problem?: This is a big secret and why I get paid to do what I do! if you really want to know your going to have to call me. 512.567.1597

POTENTIAL BUYERS: What are you waiting for? Obviously people with money are getting killer deals in Seven Oaks Austin Texas. Check out homes for sale in Seven Oaks Austin Texas below.