|
Week of: |
9/7/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
53 |
Average |
2124 |
$92 |
$206,336 |
$201,075 |
97.45% |
89 |
|
|
Median |
2010 |
$91 |
$170,000 |
$173,000 |
101.76% |
47 |
||
|
New Listings |
Removed Listings |
High |
4668 |
$144 |
$614,990 |
$633,000 |
102.93% |
418 |
|
190 |
86 |
Low |
1104 |
$56 |
$58,000 |
$61,500 |
106.03% |
0 |
|
$ Volume |
|
|
|
$10,656,974 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
8/31/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
90 |
Average |
2104 |
$90 |
$198,789 |
$191,861 |
96.51% |
90 |
|
|
Median |
1963 |
$93 |
$172,400 |
$166,520 |
96.59% |
71 |
||
|
New Listings |
Removed Listings |
High |
4270 |
$216 |
$795,000 |
$713,000 |
89.69% |
570 |
|
168 |
165 |
Low |
800 |
$33 |
$29,900 |
$26,100 |
87.29% |
1 |
|
$ Volume |
|
|
|
$17,267,452 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
8/24/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
198 |
Average |
2188 |
$93 |
$209,219 |
$202,661 |
96.87% |
90 |
|
|
Median |
2085 |
$91 |
$195,200 |
$190,000 |
97.34% |
59 |
||
|
New Listings |
Removed Listings |
High |
4916 |
$181 |
$592,780 |
$548,350 |
92.50% |
2973 |
|
177 |
85 |
Low |
0 |
$34 |
$67,000 |
$68,265 |
101.89% |
1 |
|
$ Volume |
|
|
|
$40,126,794 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
8/17/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
134 |
Average |
2175 |
$92 |
$208,657 |
$201,472 |
96.56% |
83 |
|
|
Median |
2022 |
$90 |
$186,736 |
$186,000 |
99.61% |
54 |
||
|
New Listings |
Removed Listings |
High |
4858 |
$156 |
$650,000 |
$651,000 |
100.15% |
610 |
|
190 |
80 |
Low |
1153 |
$33 |
$49,900 |
$45,500 |
91.18% |
0 |
|
$ Volume |
|
|
|
$26,997,234 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
8/10/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
119 |
Average |
2269 |
$95 |
$231,853 |
$222,243 |
95.85% |
93.09244 |
|
|
Median |
2058 |
$90 |
$192,500 |
$186,000 |
96.62% |
62 |
||
|
New Listings |
Removed Listings |
High |
5762 |
$314 |
$1,550,000 |
$1,350,000 |
87.10% |
421 |
|
189 |
79 |
Low |
1022 |
$59 |
$79,000 |
$78,000 |
98.73% |
0 |
|
$ Volume |
|
|
|
$26,446,884 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
8/3/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
111 |
Average |
2218 |
$94 |
$216,537 |
$207,422 |
95.79% |
85 |
|
|
Median |
2072 |
$94 |
$183,311 |
$179,500 |
97.92% |
40 |
||
|
New Listings |
Removed Listings |
High |
4290 |
$175 |
$529,000 |
$520,000 |
98.30% |
437 |
|
262 |
107 |
Low |
1008 |
$41 |
$65,000 |
$67,000 |
103.08% |
0 |
|
$ Volume |
|
|
|
$22,194,178 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
7/27/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
190 |
Average |
2231 |
$93 |
$217,849 |
$209,204 |
96.03% |
86 |
|
|
Median |
2042 |
$92 |
$181,111 |
$175,000 |
96.63% |
53 |
||
|
New Listings |
Removed Listings |
High |
5427 |
$173 |
$1,099,000 |
$880,900 |
80.15% |
1699 |
|
228 |
126 |
Low |
980 |
$49 |
$70,000 |
$64,211 |
91.73% |
1 |
|
$ Volume |
|
|
|
$39,748,730 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
|
Week of: |
7/20/2008 |
|||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
|
151 |
Average |
2290 |
$90 |
$215,145 |
$208,059 |
96.71% |
75 |
|
|
Median |
2130 |
$90 |
$184,900 |
$181,800 |
98.32% |
47 |
||
|
New Listings |
Removed Listings |
High |
5158 |
$151 |
$725,000 |
$725,000 |
100.00% |
438 |
|
236 |
85 |
Low |
919 |
$41 |
$59,900 |
$62,000 |
103.51% |
0 |
|
$ Volume |
|
|
|
$31,416,932 |
|
|
||
|
|
X, W |
|
|
|
|
|
|
|
Median Sales Price on the Rise Despite Fewer Sales
It appears that median sales prices are at their highest of all time in Williamson County, despite the lag in the number of home sold over the past few months. As you can see from the data -since the end of August the number of homes sold is less then half of what it was a few weeks ago. I don't expect this upward trend in home prices to continue, however. By looking at data from the past three years as well as data from the first couple of weeks in September, Williamson County median home sale prices will being to sink back below the $180,000 in September 2008. Historically, this has been the case.
Source: Williamson County Association of Realtors (WCAOR) & Austin Board of Realtors (ABOR) MLS Data
A key provision of the new housing stimulus is set to take effect Oct. 1, and its impact will be felt by both homebuyers and builders.
Under the provision, FHA can no longer insure mortgages in which the down payment comes directly from the seller or other interested party.
According to the National Association of Realtors (NAR), down payment assistance from family members, government programs or charities that are not seller funded is still permitted.
David Zugheri, cofounder of Houston-based First Houston Mortgage, said seller-funded down payment-assisted FHA loans have a high default rate, and he sees the new provision as a good thing.
NAR reported that the default rate on these types of loans was more than 28 percent last year, about three times the default rate on FHA loans without seller-funded down payment assistance.
"If [this provision] can save 100,000 people from going into foreclosure, I think we have to say that it's worth it," Zugheri said.
While home buyers will be affected, Center Research Economist Dr. Jim Gaines said the provision will impact home builders the most.
"Many builders offer down payment assistance as a way of depleting inventory," he said. "They've basically been offering manufacturer rebates similar to those offered by car manufacturers."
Source: RECON -Texas A&M Real Estate Center
Central Texas Real Estate
According to Dr. Mark Dotzour of the Real Estate Center at Texas A&M University, the overall economy in Texasis out performing that of the rest of the nation. The state's non-farm employment rose 2.6% from April 2007 to April 2008, compared with the less than 0.5% increase for the United States. While the U.S. seasonally adjusted unemployment rate rose from 4.5% to 5.0%, the seasonally adjusted unemployment rate fell from 4.4% in April 2007 to 4.1% in April 2008.
Some high lights for Austin - Round Rockarea? -With 2.7% employment growth rate the area ranked 6th in the state for job creation!
The top three industries with the highest job growthover this period and accross the state were:
1) Natural Resources & Mining
2) Professional & Business Services
3) Leisure & Hospitality
Source: The Real Estate Center at Texas A&M University
|
Week of: |
5/18/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
92 |
Average |
2178 |
$96 |
$221,001 |
$214,489 |
97.05% |
61 |
|
Median |
2004 |
$93 |
$177,450 |
$175,000 |
98.62% |
32 |
|
|
High |
4165 |
$248 |
$1,150,000 |
$975,000 |
84.78% |
360 |
|
|
Low |
1218 |
$55 |
$89,000 |
$78,500 |
88.20% |
1 |
|
|
$ Volume |
|
|
|
$19,303,990 |
|
|
|
|
Week of: |
5/11/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
126 |
Average |
2145 |
$92 |
$199,242 |
$195,146 |
97.94% |
54 |
|
Median |
2007 |
$89 |
$172,500 |
$170,500 |
98.84% |
38 |
|
|
High |
5580 |
$158 |
$524,900 |
$516,200 |
98.34% |
285 |
|
|
Low |
880 |
$40 |
$56,000 |
$55,000 |
98.21% |
1 |
|
|
$ Volume |
|
|
|
$24,588,359 |
|
|
|
|
Week of: |
5/4/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
100 |
Average |
2133 |
$92 |
$207,986 |
$202,510 |
97.37% |
61 |
|
Median |
1879 |
$91 |
$172,245 |
$169,933 |
98.66% |
32 |
|
|
High |
4878 |
$241 |
$1,195,000 |
$1,175,000 |
98.33% |
360 |
|
|
Low |
1085 |
$42 |
$59,900 |
$60,500 |
101.00% |
1 |
|
|
$ Volume |
|
|
|
$20,251,019 |
|
|
|
|
Week of: |
4/27/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
223 |
Average |
2203 |
$93 |
$214,037 |
$206,163 |
96.32% |
66 |
|
Median |
2050 |
$91 |
$179,975 |
$178,250 |
99.04% |
44 |
|
|
High |
5500 |
$375 |
$1,389,000 |
$1,275,000 |
91.79% |
424 |
|
|
Low |
1038 |
$47 |
$79,500 |
$73,100 |
91.95% |
0 |
|
|
$ Volume |
|
|
|
$46,180,521 |
|
|
|
|
Week of: |
4/20/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
141 |
Average |
2092 |
$90 |
$192,589 |
$187,706 |
97.46% |
55 |
|
Median |
1968 |
$90 |
$174,900 |
$170,000 |
97.20% |
34 |
|
|
High |
4495 |
$194 |
$489,900 |
$490,000 |
100.02% |
406 |
|
|
Low |
736 |
$33 |
$49,900 |
$49,900 |
100.00% |
1 |
|
|
$ Volume |
|
|
|
$26,278,869 |
|
|
|
|
Week of: |
4/13/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
144 |
Average |
2142 |
$92 |
$202,718 |
$195,708 |
96.54% |
63 |
|
Median |
1940 |
$90 |
$175,000 |
$170,000 |
97.14% |
35 |
|
|
High |
5510 |
$193 |
$590,000 |
$580,000 |
98.31% |
328 |
|
|
Low |
864 |
$19 |
$20,000 |
$18,000 |
90.00% |
1 |
|
|
$ Volume |
|
|
|
$27,594,813 |
|
|
|
|
Week of: |
4/6/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
94 |
Average |
2201 |
$92 |
$207,042 |
$199,625 |
96.42% |
63 |
|
Median |
2050 |
$94 |
$184,500 |
$177,000 |
95.93% |
40 |
|
|
High |
4856 |
$192 |
$500,000 |
$475,000 |
95.00% |
279 |
|
|
Low |
952 |
$37 |
$59,900 |
$59,459 |
99.26% |
1 |
|
|
$ Volume |
|
|
|
$18,165,907 |
|
|
|
|
Week of: |
3/30/2008 |
||||||
|
# Homes Sold |
|
SqFt |
$/SF |
List Price |
Sold Price |
% Difference |
Days on Market |
|
135 |
Average |
2201 |
$92 |
$206,718 |
$199,732 |
96.62% |
67 |
|
Median |
2023 |
$89 |
$187,495 |
$184,077 |
98.18% |
44 |
|
|
High |
4549 |
$236 |
$575,000 |
$535,000 |
93.04% |
360 |
|
|
Low |
890 |
$40 |
$63,000 |
$65,000 |
103.17% |
0 |
|
|
$ Volume |
|
|
|
$26,364,590 |
|
|
|
Sales in Williamson County continue to be slow and steady. While the quantity of homes sold has returned to near 2005 levels the average and median sales price is continuing to increase.
Source -Williamson County Board of Realtors and ABOR -MLS data. Data is believed to be accurate but not guaranteed.
More people than ever are moving to Central Texas for the wonderful weather...quality of living, and strong economy. One of the great neighborhoods that stands out is located in the heart of what myself and many have been calling the medical corridor. Conveniently located off of FM1431 with convenient access to both Round Round and Cedar Park as well as the new Seton Medical Center and Cedar Park Hospital Scott & White.
Have questions or are in need of additional information -don't hesitate to call! I am the local neighborhood expert on this and the surrounding area! I live and work in this area so I am happy to provide you with information from someone who knows first hand!
Lots of value to be found in this neighborhood and a new Leander ISD elementary school on the horizon for 2008! They have already broke ground!
SOLD March 2008-4 Properties | |||||||
| List Price | Sq Ft | $/SF | Sales Price | LP:SP% | DOM |
|
Avg | $ 234,425 | 2,437 | $94.36 | $229,950 | 98.1% | 104 |
|
Active Listings | 33 |
Pending Contracts | 9 |
Price per sq/ft is rounded to the nearest hundredths. Slight rounding error occurs from the loss of significant digits when price per square foot is calculated. Source: ABOR Actris -MLS. Data is believed to be accurate but not guaranteed
 |
|
|
Central Texas REALTOR® residential and investment specialist. Excellent work ethic from my many years in the corporate world. I work hard for my clients and am the #1 resource for information.
Central Texas REALTOR® serving NW Austin, Round Rock, Cedar Park, Leander, Lago Vista, Jonestown, Libertyville, and Georgetown. I have excellent knowledge of these growing areas and provide a high level of customer service with a high tech approach! My business is focused on residential and investment real estate including 1031, self directed IRA, cash flow properties, fix and flip, commercial and vacant land. I hold Bachelor of Engineering degree from Vanderbilt University and -prior to real estate -worked in corporate America for a fortune 500 company honing my negotiation skills, and nurturing my passion for real estate law. I traveled extensively, through out Asia and love meeting people from all over the world!
A long time real estate investor myself, I left corporate America to focus on a career that I love ....FULL time! My clients never have to ask what have you done for me lately. I have an excellent work ethic from my many years in the corporate world - and I know the importance of deadlines, marketing and pricing strategy, and above all negotiation. Protect your investments by putting a proven Real Estate consultant in your corner.
Let my excellent negotiation skills and expertise work for you! I am committed to being knowledgeable on new developments, roads and growth in the central Texas area. I stay on top of the market daily to keep you informed! I'm a memeber of the Texas Association of REALTORs (TAR), National Association of REALTORs (NAR), Austin Board of Realtors (ABOR) and Williamson County Board of Realtors (WCOR). I am also an active member in my community and participate on several committee's. I take pride in my work and I enjoy helping people reach their goals in real estate. My knowledge of the market in the Austin area will work to your advantage. The level of service I provide will exceed all of your expectations. -That is my ultimate goal!
My areas of expertise include residential real estate -including new construction and resale, relocation, as well as Farm & Ranch -approved agent to work with relocation companies and investment real estate. I work primarily in NW and Central Austin, Lake Travis area, Cedar Park, Leander, Lago Vista, Jonestown, Liberty Hill, Round Rock, Pflugerville and Georgetown.
Additionally, I provide a wealth of knowledge to my clients investor clients about 1031 exchange, vacant or raw land, self Directed IRA, cash flow properties and analysis, UT area condos and rentals, and the many new developments currently taking place throughout Austin such as the Meuller Airport development, and the Domain.
For Sellers -I have a terrific moveing program that is designed to help put money back in your pocket at closing. I have other flexable pricing programs -call me and lets talk about your needs! My list price to sales price ratios show that I help sellers sell for higher than the market average! Putting more money in your pocket!
For Buyers -my negotiation strategies are among the top in my profession. - I work hard to ensure the best possible results for my clients! Again -my negotiation strategies help buyers that I represent buy a home for a lower list price to sales price ratio then the market average! Saving buyers I represent thousands!!
Buying and Selling a home is stressful enough! -I listen and perform an extensive needs analysis with my clients -communication is key!! I find that taking the time up front to really communicate with each other will help you keep the information organized and focused with as little stress as possible!
Thank you for your business!!
" When recently faced with the task of selling our Round Rock home, we chose Jeannette Morrison with Keller Williams as our listing agent, and we are sure glad we did! From the staging of our home to the closing, she was with us every step of the way offering professional, personal and courteous assistance with our home sale.. With her help, we were able to successfully market and sell our home for the price we wanted in less time than the market average. " -Danny & Lisa Harris
"Buying a new home is a very stressful process for anyone, but in my case the stress was elevated because I needed to find a home within a month. I was moving to a new city and was uncertain about the area. The only thing I was certain about was the school I wanted my daughter to attend. Jeannette Morrison was so thorough and helpful throughout the entire process from showing multiple listings in one day to sending helpful moving checklists after I closed. Her diligent and persistent nature got me into a wonderful home that my daughter and I plan to enjoy for many years. I will certainly be enlisting her help on my next home purchase and I would recommend her to all of my family and friends." -Lisa Dungan
I just wanted to take a few minutes to thank you for the outstanding job that you did on helping me find the perfect house for me. I know it was a very difficult task for you because of how picky I was with everything yet you were patient enough to help me. I don't think you will ever meet someone as picky as I was. Even when I called you late in the afternoons,........ you still made time for me to answer any questions I had. Any other realtor would of probably just move on to the next person. Thank you for making my first time buying experience a wonderful one. I was very impressed with the way you negotiated the price of the house ...... Also no one else would of taken the time to explain every single detail on all the paper work that we went through like you did at closing. In the future if I ever want to buy or sale another house, or any of my friends and family are in the market for a home I would definitely recommend your services . Once again thank you for helping me find the perfect home.
A very happy new home owner
Juan Rangel
Jeannette-
We would like to thank you for helping us to find our new home in Austin. Being new to the area, we were not familiar with the different neighborhoods and subdivisions, and felt a little overwhelmed with what is a very important decision . We really appreciate you taking the time to show us all around and helping us to become more familiar with Austin. You were terrific in helping us understand how the home buying process works in Texas. Thanks to you, our negotiations with the buyers went smoothly and we ended up with a contract that we were we were very pleased with. Your advice and guidance helped us make sound decisions that resulted in the purchase of a house that we are excited about calling our new home.
We will definitely recommend you to anyone we know who is interested in buying or selling their home.
Sincerely,
Kris and Gaby Reed
Jeannette:
I am happy to be able to tell future purchasers how pleasant my association with you has been. Of course, purchasing a house during this mortgage crisis has been stressful, but you helped me stay calm and focused until we found the property that was "just right" for me, and then helped me through the financing hassle to the end. Your rapport with the title company made the final process as simple and as painless as I have ever experienced in the past. I really appreciate your willingness to arrange your schedule to fit mine during the selection process as well as the closing. I hope we can stay friends!
Edwina Wolf
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