Tim's Four Points Real Estate Market Update-October

Tim’s “FOUR POINTS” Area Bullet Points

October, 2011

Four Points area is noted as the Realtor territory of “RN” = River North: FM2222 to Volente to Lake Austin to Hwy 360, back to FM2222

>Sales increased and inventory decreased from September, which is typically seen in the fall.

>First increase in inventory (only 4% year over year) in 14 months. Too early, & too small of an increase to make any judgment.

>Sales up 31% from last year. Typical large swings in the market seen all year, just as we have seen in the stock market.

>Click HERE for September's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.

>Only 2 sales above $800k last month. The higher end has yet to create a noticeable market this year.

>Westminster, Glenlake, Long Canyon and Greenshores recorded only 2 sales last month, total.

>Lease market remains strong: I doubt we will see a change in this trend for the next year.

>Steiner Ranch skews the statistics for all other neighborhoods with a phenomenal sales to inventory ratio of 20 to 90, which equates to a seller’s market.

>River Place has tied a 17 year low for inventory with only 31 homes. The record is highly likely to be broken by year’s end. Great position with anyone on the market, or coming on the market, as demand picks up.

>Sales increased and inventory decreased from September, which is typically seen in the fall.

>First increase in inventory (only 4% year over year) in 14 months. Too early, & too small of an increase to make any judgment.

>Sales up 31% from last year. Typical large swings in the market seen all year, just as we have seen in the stock market.

>Click HERE for September's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.

>Only 2 sales above $800k last month. The higher end has yet to create a noticeable market this year.

>Westminster, Glenlake, Long Canyon and Greenshores recorded only 2 sales last month, total.

>Lease market remains strong: I doubt we will see a change in this trend for the next year.

>Steiner Ranch skews the statistics for all other neighborhoods with a phenomenal sales to inventory ratio of 20 to 90, which equates to a seller’s market.

>River Place has tied a 17 year low for inventory with only 31 homes. The record is highly likely to be broken by year’s end. Great position with anyone on the market, or coming on the market, as demand picks up.