|
EVENT PRESENTATIONS INCLUDE: |
|||
| "Central Texas Real Estate Economic Outlook" Jim Gaines, economist at the Texas A&M Real Estate Center, will provide an update on the local economy and what it means for those looking to buy or sell real estate in the current market. |
|||
| "Current State of Mortgage Banking in Texas" Scott Norman, Vice President of the Texas Mortgage Bankers Association, will explain the changes experienced within our state's mortgage industry and offer advice on how to choose the right lender. |
|||
| "Taking Advantage of Energy Upgrade Incentives" Ed Clark, Austin Energy Communications Director, will share information on green energy rebate programs, Federal tax incentives, and what types of financial savings energy efficient upgrades can bring. |
|||
| "Building Wealth through Homeownership" Kendra Todd, real estate expert and host of HGTV's My House is Worth What?, will discuss upgrades homeowners can make to increase home value and offer tips on how to make home improvements without breaking the bank. |

Austin real estate holds steady into summer buying season
Austin Board of REALTORS® releases April 2009 real estate statistics
May 20, 2009 - According to the latest Multiple Listing Service report by the Austin Board of REALTORS®, the volume of single-family home sales in April 2009 was 1,601, down 18 percent from April 2008, and the median price was $189,000, up one percent over the same time period.
Jay Gohil, Chairman of the Austin Board of REALTORS®, explained, "Since the beginning of the year, sales have grown. While we are still down compared to last year, with each month the gap in sales volume from 2008 to 2009 is closing. This sales momentum, coupled with a steady stream of new listings on the market, puts Central Texas in a good position for summer's real estate season."
Chairman Gohil also explained why taking a closer look at April 2009 sales volume could be good news for both buyers and sellers: "Right now we have a very healthy supply of housing inventory, which is perhaps the most reliable indicator of future home price trends in Central Texas. The ‘months of inventory' in a market is determined by dividing the number of homes for sale by the average sales over the past 12 months."
Economists at the Real Estate Center at Texas A&M University predict that about 6.5 months of inventory is a balanced market, where homes are being sold and prices continue to increase at a moderate pace. In April 2009, the Central Texas market held 6.4 months of single family housing inventory, where the national average is 10 months.
April 2009 Statistics:

Central Texas voters can find superb information on one site... http://impactnews.com/vote09 Complete with candidate information, voter links and details on the council members -this is a terrific site for the consumer and property owner to get educated!
I just wanted to share with you all a website that Community Impact News has put together. It has some great resources for the voters including where to go to vote, when, mayoral candidates, city council candidates, etc. They cover areas such as Austin, Georgetown, Round Rock, Cedar Park, Leander,Pflugerville, Hutto, and Taylor. FINALLY a website that you can really use to do your local election research!!! Thank you Community Impact!!!
Some of the links provided for city council members in the various cities, also include the candidates personal website -if available. Perhaps taking a page from the successful social media campaign used for President Obama. Sort of a "get to know" candidate x and what he/she will bring to the table if elected.
I hope everyone will take the time to vote at their local levels -it starts here at home!! Now get out and vote in your Mayoral and City Council races!!
Source: Impact News
| MARCH | 2008 | 2009 | Change | 2008 | 2009 | Change | |||
| Listings | 9,638 | 9,704 | 1% | ▲ | Median price | $188,000 | $180,160 | -4.2% | ▼ |
| Pendings | 1,349 | 1,846 | 37% | ▲ | Average price | $239,777 | $230,893 | -3.7% | ▼ |
| Sales | 1,829 | 1,421 | -22% | ▼ | Days on Market | 73 | 88 | 20.5% | ▲ |
| Inventory * | 5.3 | 6.8 | 30% | ▲ | |||||
| * Months of inventory |
= ratio of Listings/Sales |
Source: Austin Board of Realtors
According to the March 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of single-family home sales in March 2009 was 1,421, down 22 percent from March 2008, and the median price was $180,160, down 4 percent over the same time period.
Jay Gohil, Chairman of the Austin Board of REALTORS®, provided some insight, “Sales volumes in March are still down compared to a year ago, but we’re beginning to see the gap in volume close.”
For example, in January 2009, sales volume was down 36 percent compared to January 2008. In February 2009, sales volume was down 28 percent compared to February 2008. In March 2009, the 22 percent decrease in volume compared to March 2008 shows the Austin real estate market is gaining momentum.
Chairman Gohil continued, “Looking at the first quarter of 2009, we’re seeing sales volumes improve and home values remain steady – that’s good news for Austin homeowners. Those factors, combined with Austin’s strong economic fundamentals, bode well for our market heading toward the summer buying season.”
One of the most important economic fundamentals driving the real estate market is job growth, for which Austin was fortunate in 2008. Looking ahead, a recent study based on data from the U.S. Bureau of Labor Statistics cited Austin among the top 10 metropolitan areas in the country with the highest potential for job growth in 2009.
March 2009 Statistics
Source: Austin Board of Realtors, Actris MLS -All information deemed reliable and accurate but not gauranteed.
For statistical data in your neighborhood contact me at www.CentralTexasAgent.com
|
Week of: |
3/29/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
88 |
Average |
2316 |
$91 |
$222,443 |
$212,763 |
95.65% |
123 |
|
|
Median |
2192 |
$88 |
$189,900 |
$186,250 |
98.08% |
79 |
||
|
New Listings |
Removed Listings |
High |
4656 |
$162 |
$599,900 |
$575,000 |
95.85% |
688 |
|
234 |
96 |
Low |
720 |
$51 |
$45,999 |
$42,500 |
92.39% |
0 |
|
$ Volume |
|
|
|
$18,723,131 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
3/22/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
103 |
Average |
2241 |
$87 |
$200,990 |
$193,128 |
96.09% |
99 |
|
|
Median |
2092 |
$86 |
$180,000 |
$173,500 |
96.39% |
67 |
||
|
New Listings |
Removed Listings |
High |
4398 |
$133 |
$549,000 |
$489,000 |
89.07% |
519 |
|
197 |
43 |
Low |
844 |
$26 |
$41,900 |
$38,298 |
91.40% |
0 |
|
$ Volume |
|
|
|
$19,892,135 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
3/15/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
83 |
Average |
2240 |
$90 |
$216,269 |
$205,687 |
95.11% |
107 |
|
|
Median |
2114 |
$90 |
$189,900 |
$185,500 |
97.68% |
70 |
||
|
New Listings |
Removed Listings |
High |
4276 |
$156 |
$495,500 |
$465,000 |
93.84% |
506 |
|
176 |
58 |
Low |
892 |
$17 |
$34,900 |
$30,650 |
87.82% |
0 |
|
$ Volume |
|
|
|
$17,072,060 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
3/8/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
80 |
Average |
2346 |
$86 |
$208,284 |
$202,023 |
96.99% |
123 |
|
|
Median |
2228 |
$86 |
$180,450 |
$177,500 |
98.37% |
107 |
||
|
New Listings |
Removed Listings |
High |
5047 |
$126 |
$525,000 |
$490,000 |
93.33% |
467 |
|
185 |
63 |
Low |
1000 |
$49 |
$75,000 |
$65,000 |
86.67% |
4 |
|
$ Volume |
|
|
|
$15,353,768 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
3/1/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
76 |
Average |
2140 |
$89 |
$197,150 |
$188,811 |
95.77% |
102 |
|
|
Median |
2020 |
$90 |
$173,450 |
$169,950 |
97.98% |
80 |
||
|
New Listings |
Removed Listings |
High |
3891 |
$159 |
$539,000 |
$499,000 |
92.58% |
439 |
|
211 |
95 |
Low |
704 |
$33 |
$68,400 |
$60,350 |
88.23% |
2 |
|
$ Volume |
|
|
|
$13,216,787 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
2/22/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
136 |
Average |
2260 |
$85 |
$201,779 |
$191,899 |
95.10% |
110 |
|
|
Median |
2135 |
$86 |
$174,950 |
$172,500 |
98.60% |
91 |
||
|
New Listings |
Removed Listings |
High |
4487 |
$151 |
$585,000 |
$535,500 |
91.54% |
443 |
|
202 |
74 |
Low |
1175 |
$34 |
$65,900 |
$63,100 |
95.75% |
2 |
|
$ Volume |
|
|
|
$26,098,283 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
2/15/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
70 |
Average |
2289 |
$89 |
$210,964 |
$203,785 |
96.60% |
105 |
|
|
Median |
2181 |
$89 |
$189,000 |
$180,000 |
95.24% |
71 |
||
|
New Listings |
Removed Listings |
High |
4100 |
$153 |
$650,000 |
$620,000 |
95.38% |
541 |
|
185 |
49 |
Low |
1258 |
$17 |
$69,000 |
$50,000 |
72.46% |
0 |
|
$ Volume |
|
|
|
$14,264,963 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
2/8/2009 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
52 |
Average |
2159 |
$90 |
$202,455 |
$195,250 |
96.44% |
123 |
|
|
Median |
2059 |
$86 |
$179,250 |
$177,550 |
99.05% |
84 |
||
|
New Listings |
Removed Listings |
High |
3763 |
$150 |
$439,900 |
$420,000 |
95.48% |
489 |
|
161 |
57 |
Low |
1008 |
$32 |
$49,000 |
$45,000 |
91.84% |
0 |
|
$ Volume |
|
|
|
$10,152,999 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved