Austin TX Real Estate is doing well, and there is no exception in Senna Hills, just West of Austin. Senna Hills is in Travis County, outside any city limits, and feeds into the Exemplary schools of Eanes ISD.
Back in September 2011, I wrote a Market Report for Senna Hills that analyzed the year to date activity up to that time and compared it to 2010. The market report below is going to analyze all of 2011 with all of 2010, and you'll be happily surprised with the results.
Here are two pie graphs showing the differences in the Days on the Market for 2010 vs 2011. (please note that only the blue and red represent the same time period and you can't just compare the colors, but look at the legend - technology...)
As you can see, about the same percentage of homes for sale sold in under 30 days. The biggest difference is that in 2010, 20.8% of homes sold between 31-90 days whereas in 2011, 38.8% of homes sold during this same time frame. This means that less homes took longer than 120 days to sell in 2011. Great news!
Below are bar graphs that show the average sales price to the asking price.
I would definitely give an opinion that home owners have become more realistic on their pricing. Back in 2010, the homes that sold the faster were selling at a mere 92.9% of asking price. In 2011, the houses in under 30 days sold for more than 98% of asking price!! Again, GREAT NEWS for Senna Hills!!
In 2010, there were 24 closed sales in Senna Hills. In 2011, there were 31 closed sales. That's a sales increase of 30%. More great news for Senna Hills home owners! In Senna Hills in 2009, properties weren't moving very well because home owners were unrealistic with their pricing. Things have turned around.
It's also important to note that in both 2011 and 2010, not a single sale was a foreclosure!! That's huge news!! People think foreclosures are everywhere, because they watch the National News, but in actuality, they're not.
Across the board, the sales were "better" in 2011 vs 2010 for the home owners in Senna Hills Austin TX.
If you're looking to buy or sell in the Senna Hills neighborhood, or any other surrounding areas of Austin, please contact me today and we can evaluate the sales data in every detail other agents won't give you.
**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 and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
For real time Austin TX listings,click here.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Senna Hills Homes for Sale - Austin TX - 30% Sales Increase for 2011 * was first published on donnahomesblog.com.
Did you know that Lake Pointe in Bee Cave has a Gated section as well as a Custom Home Section? It does, I have just never included those areas in my market reports in the past! If you drive down Resaca, the main street in Lake Pointe, it dead-ends right into the Gated Section called The Pointe. Right immediately before the gates, on the left, is a Custom section where there are actually still lots available to build whatever house you want to build.
Those houses are a different breed of house in a different price point, so I did not include either section in my analysis last week of Lake Pointe - Bee Cave Austin TX - Market Report 2010 vs 2011. Instead, I'm writing its own analysis as the area stands on its own. Many of these homes have tremendous views of hill country and Lake Austin.
Here are two charts, one for 2010 and one for 2011, showing the sales activity for each respective year.
In 2010, Lake Pointe's Gated and Custom section had 13 sales with 0 foreclosures. In 2011, there were 16 sales and 3 foreclosures. Does that make 2010 a better year because there weren't any foreclosures? Or does that make 2011 a better year because there were more sales?
In 2010, houses that sold in under 30 days were selling at 97.14% of asking price, whereas they sold for 98.87% of asking price in 2011. Those are high numbers for both years, but for 2011 to be selling at almost 99%, that's awesome!! Again, 2011 had 3 foreclosures, so it skews some of the data, but I feel the "under 30 days" activity is very telling.
If you're looking to buy or sell in the Lake Pointe area, or any other Bee Cave or Austin TX area, please contact me today!
**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 and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
For real time Austin TX listings,click here.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lake Pointe Gated and Custom Sections - Bee Cave Austin TX - Market Report 2010 vs 2011 * was first published on donnahomesblog.com.
The "Austin Rocks" video is now available for viewing. This is also a "Texas Rocks" video as it starts off by showing all the great things about Texas and how Texas has surpassed the rest of the Country with job and economic growth.
If you're a fan of Texas, please reblog or "share" this video with all your social media outlets to get the word out.
**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 and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
For real time Austin TX listings,click here.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* PT50 Finalist Donna Harris Releases the Austin Rocks Video - Texas Surpasses All other States with Job and Economic Growth * was first published on donnahomesblog.com.
The Hill Country Galleria in Bee Cave TX hosted the Lake Travis High School Parade of Champions on Saturday. It was a lot of fun. There was Elmo, free popcorn, free chocolate cake, and the kids even caught little footballs and volleyballs that were thrown from the cars, boats and trucks!
Here's another list of all the awards Lake Travis has won this year:
Lake Travis Football - 5 Straight state championships
Lake Travis Girls Volleyball - 2 straight State Championships
Lake Travis Men's Golf - State Championship
Lake Travis Women's Golf - Runner Up at State
Lake Travis Tennis - Runner Up at State
Lake Travis March Band - State Finalist
Many 2011 National Merit Scholarship Honorees
**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 and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
For real time Austin TX listings,click here.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lake Travis High School Parade of Champions - Hill Country Galleria * was first published on donnahomesblog.com.
Lake Pointe in Bee Cave Austin TX has some great year-end sales for 2011. People always ask if the real estate market is getting "better". What does "better" mean? It's very subjective...
I decided to pull up sales data in Lake Pointe for all of 2010 to compare it to all the sales data for 2011. For full disclosure, the charts and data below do NOT include the custom section in the back nor the gated section of Lake Pointe.
Here is the data for the Days on the Market:
The big blue sections in both charts show the amount of homes that sold in under 30 days. Did you know a "Buyer's Market" is recognized when the average is 6+ months on the market? In both years, the 1 month mark showed quite a bit of activity. This past year 2011, over 52% of sales were in under 1 month. I think that shows a "better" market than a mere (sarcastic) 38% selling in under a month in 2010. Not a "buyer's market"...
In 2010, there were 50 sales with 0 foreclosures. In 2011, there were 44 sales and 2 foreclosures. If you look at these numbers, you think 2010 was a "better" year, and 2011 was worse... but now combine this information with the above information. Less sales in 2011, but they sold faster... have you read between the lines yet??
Supply and Demand! Supply and Demand happens when you have more buyers for the available inventory...
Now, take that information and look at the below charts:
In 2010, the 38% of houses that sold in under 30 days sold for about 97.7% of asking price. The 52% of houses that sold in Lake Pointe in under 30 days in 2011 sold for about 98.6% of asking price. Is that "better"? In 2011, houses that sat on the market more than 120+ days were getting 97.3% of asking price, whereas houses in 2010 that sat for sale on the market for over 120+ days received a mere 95.9% of asking price. Is that "better"?
Better is a subjective term. Houses for sale in Lake Pointe did a fantastic job in 2010, and 2011 continued the trends that 2010 set. So, yes, real estate in Lake Pointe Bee Cave Austin TX is doing "better" than 2010, but either way, it's been a fairly strong market! If supply and demand does become an issue, we're going to see some great appreciation in 2012!
If you're looking to buy or sell in the Lake Pointe or surrounding Austin areas, please call me today!
**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 and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
For real time Austin TX listings,click here.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lake Pointe - Bee Cave Austin TX - Market Report 2010 vs 2011 * was first published on donnahomesblog.com.
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