South Austin Real Estate Blog,

Keeping up with the various areas here in Austin which is very diverse from neighborhood to neighborhood we can still get a glimpse of what is going on overall. These statistics are from just one neighborhood, Villages at Western Oaks, and from June 1, 3009 to current, August 21,2009. When its all tossed together it is just figures, but to see the LP (list price) versus SP (sold price) that will give the story.

Market Analysis Report

If you wish to have more information about your specific neighborhood for the purpose of selling your home, or wish to contact a great Realtor ® to buy a new residence, call me and lets chat about your goals, Gail Tassey, Sky Realty Austin, 512-217-9482 http://www.austincomeshome.com

Information from the Austin Board of Realtors website, August 21,2009. Looking to buy a home in South Austin, Village of Western Oaks, Westcreek, Circle C, or sell your home, call me.

Good news for Austin Texas, residential home sales for the month of July 2009 have reached the level of July 2008 sustaining a slight 2% decrease from last year. While much of the rest of the USA is still mired in the depths of devaluing homes we seem to be a bright spot. Here is the information directly from the Austin Board of Realtors announcing the good news.

August 20, 2009 - According to the July 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of Austin-area home sales reached 2008 levels for the first time this year.

In July 2009, 2,069 homes were sold, statistically unchanged from the 2,068 homes sold in July 2008. The median home price for Austin in July 2009 was $191,500, a two percent decrease from the same month the prior year.

"The sales volume momentum in Austin continues, now reaching 2008 levels. That's good news, but I think it's even better news that we've achieved that increase while maintaining a steady median home price," said Jay Gohil, chairman of the Austin Board of REALTORS®. "Throughout 2009, the median price has fluctuated only slightly compared to 2008. Looking back further, prices have remained above 2007 levels, one of the most lucrative years of the last decade in Austin real estate. That long-term price stability, particularly in the face of market fluctuations, bodes well for Austin's future."

July 2009 Statistics

• $508,810,549 was the dollar volume of single-family properties sold $191,500 was the median price, a two percent decrease from one year ago 2,069 was the number of homes sold, unchanged from July 2008

The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 8,000 licensed REALTORS® in Central Texas.

Looking for a home in South Austin Texas? Real estate in Austin is still a good value, call me and lets chat about your Real Estate Goals.. Gail Tassey, Realtor, Sky Realty Austin, 512-217-9482 http://www.austincomeshome.com

Texas Bridge Loans for the $8000 Tax Credit still exists. The State of Texas has funded a pool of $5 Million dollars to be used by eligible FIRST TIME HOME BUYERS who qualify for the $8000 Tax Credit to be able to use up to $7,000 for a down payment.

This is great news for those just shy of enough to make the down payment and closing costs. The bridge loan will be in the form of a 2nd lien, and repayable in 90 days. That way the First Time HOme Buyer has time to file and receive the eligible funds back from the IRS. If the funds are not received within the 90 days the loan then becomes on a predetermined payment plan.

Definitely a way that Texas is trying to help the FIRST TIME HOME BUYER get into the home of their choice. Remember there are limitations on income and home price and a FIRST TIME HOME BUYER is one who has not owned a home within the past 3 years.

This offer won't last long so call today to get qualified for the Texas Bridge Loan and find your great new home while the money lasts, remember it's first come first served and the $8000 Tax Credit is for a limited time, it is set to end November 30,2009. Your home must be a closed purchase on that date, but I do not know if the Texas Bridge Loan will last that long.

I work with qualified lenders that will help you get the preapproval process done so we can go look where you want to live, South Austin real estate has great communities, Village of Western Oaks? Cherry Creek? Shady Hollow? Westcreek? just to name a few. Call me for more information. Gail Tassey, Realtor, Sky Realty Austin, 512-217-9482

http://www.austincomeshome.com

Where did Summertime go? $8000 Tax Credit alert!! Summer is waning, the days are getting shorter, school is starting in many parts of the country, here school will be in full swing next week. Where is summer? The trip to the beach was too short, the drive to the mountains, in whatever way you escaped this summer it is time to get back to the everyday, the humdrum.

OK, summer isn't really over, not yet, not until Labor Day, and that is 2 weeks away, plus its still 103 degrees here. Well, folks, Labor Day is going to slip past us real fast, and the heat will ease up and it's Football Season again.

Did you mean to get a new home this summer? Get part of that $8000 Tax Credit for yourself and your family? Its not too late if you start to take action now. The IRS definition of a FIRST TIME HOME BUYER is some who has not owned a home in the past 3 years. There are a few other qualifications like, single income of under $75,000 or double income of under $150,000 and the home must be purchased by November 20,2009.

Here in South Austin the homes are plentiful, lovely, something for any family, from $100,000 to $400,000. Schools within walking distance. Tree lined streets and neighborhood parks abound. I love that part about living in Austin Texas, any where you can find a comfortable home. Did you need abig backyard for swings and dogs and kids? A condo with no maintenance? Whatever your desires we can probably find it here in Austin.

Neighborhoods like Tanglewood Forest, Cherry Creek, Hillcrest, Oak at Twin Creek, Circle C, Vintage Place, Shady Hollow, Western Trails, Covered Bridge, Westcreek, Villages at Western Oaks, Legend Oaks, Bridges of Bear Creek, Onion Creek, Travis Country or Travis Country West, just to mention a few great neighborhood with awesome schools.

It really truly is time to get serious about finding your new home, get your share of the $8000 Tax Credit! Start your home search now and call me, I can help YOU. Gail Tassey, Realtor®, 512-217-9482 visit my website to start your home search. http://www.austincomeshome.com