Buttercup Creek- Cedar Park TX - Market Report - Homes Selling in 77 days

Buttercup Creek in Cedar Park Texas is a very popular community just North or Austin. It is located in Williamson County and feeds to the Leander Independent School District. Buttercup Creek is one of those communities that has been building for years. Parts were built in the mid and late 80's, and then through the 90's and even new homes still being built today.

In all of Buttercup Creek for the past 6 months, there have been 70 sales. Of those 70 Buttercup Creek sales in Cedar Park, 10 were foreclosures and 3 were short sales. The most sales that have taken place in the last 6 months sold in under 60 days; 24 in under 30 days and 19 between 31-60 days. Look at the below chart. Even though so many sold so quickly, the average is 77 days because of the ones that sat for so long skewing the numbers up.

Now, let's look at the homes for sale in Buttercup Creek that are currently active on the market. Many have been on the market for over 120 days, 12 properties to be exact. In the chart above, only 15 took longer that 120 days over a 6 month period. This tells me that sellers, for some reason, all of a sudden turned a little, trying to get higher prices for the summer, and not adjusting when summer ended (maybe because of the hot hot weather we continue to have and people thinking it's still summer)... Look at the chart below.

This chart shows the homes for sale in Buttercup Creek, and out of the 49 properties, they average 108 days on the market. That is a significant difference from the solds at 77 days. Also, out of these 49 homes for sale in Buttercup Creek, only 2 are foreclosures, and zero are short sales. That's a nice turn-around in percentage of foreclosures in the Cedar Park area compared to the previous 6 months. (I had to adjust the colors on the chart to match the time frames of the first chart for easy comparing)

With 49 properties on the market, and 70 selling in the past 6 months, that's about a 4 month supply on the market which does not equate to a "Buyer's Market".

If you're looking to buy or sell in the Buttercup Creek area in Cedar Park, or anywhere else in the Austin TX area, please call me first so I can help break down the numbers in terms you'll understand!

**Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com
austin-texas-homes-for-sale.com

Austin TX Real Estate

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Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Buttercup Creek- Cedar Park TX - Market Report - Homes Selling in 77 days * was first published on donnahomesblog.com.