The Austin real estate market has slightly improved when May 2010 is compared to May 2009. 2010 has shown a 16% increase in home sales and 2.6% increase in the median sold price per square foot when compared to the same time period in 2009. However, May 2010 still proved to us summer is among us with a 5.2% increase in the number of homes sold and a 2.3% increase in the median sold price per square foot as compared to May 2009. It is taking less time for the average homeowner to get their home sold or leased this year when compared to 2009. There has been a significant increase in the supply of homes from 3 months to 6.5 months due to a great number of people putting their home on market for sale as we enter summer.
Search the 4,467 austin homes for sale in many top austin neighborhoods. To view a more detailed report of my austin real estate market update click: Austin Real Estate Market Update & Statistics April 2010
Source: The raw data in this report was provided by the Austin Board of REALTORS® but interpreted by Austin luxury Realtor® Brian Talley of Regent Property Group. The information contained herein is subject to errors, omissions and changes without notice. Any information, statistics, analytics, recommendations or opinions provided in this report are subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Brian Talley or by Regent Property Group LLC. Statistics in this report may be updated as more information is added or changed from the source of this information.
Contact Top Austin REALTOR® Brian Talley of Regent Property Group at 512-554-9714 if you need help buying or selling a home in the Austin area.
The Austin Real Estate market is showing signs of heating up this summer. Austin experienced a 4% sold price per square foot increase and 8% increase in the number of Austin homes sold during April 2010 compared to April 2009. It took 7.7% less time to sell a home during April 2010 compared to April 2009. Austin had an 48% decrease in supply of homes for sale with 3 months of current inventory for single family Austin homes for sale. This low amount of inventory is helping to keep Austin home prices very stable. Although the Austin unemployment rate remains high at 7.1% we are still lower than the State of Texas and the United States unemployment rate.
Search the 4,310 austin homes for sale in many top austin neighborhoods. To view a more detailed report of my austin real estate market update click: Austin Real Estate Market Update & Statistics April 2010
Source: The raw data in this report was provided by the Austin Board of REALTORS® but interpreted by luxury Austin Realtor® Brian Talley of Regent Property Group. The information contained herein is subject to errors, omissions and changes without notice. Any information, statistics, analytics, recommendations or opinions provided in this report are subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Brian Talley or by Regent Property Group LLC. Statistics in this report may be updated as more information is added or changed from the source of this information.
Contact Top Austin REALTOR® Brian Talley of Regent Property Group at 512-554-9714 if you need help buying or selling a home in the Austin area.
While technology has greatly enhanced the public's ability to find an Austin real estate agent online, how do you know who the best Austin REALTOR® is to use when purchasing a home? One of the easiest ways to find a good REALTOR® is to use an internet search engine such as Google and search for the term Austin real estate, Austin TX real estate, Austin homes for sale, Austin homes, or Austin realtors. The only caveat is that the top results for these search terms do not always produce contact information for the best REALTORS®. While there are certainly technology savvy REALTORS® that have websites with top search positions, being technology savvy with a top position on the search engines does not mean you are the best REALTOR® in town. As a matter of fact, having a top website may flood a technology savvy real estate agent with so many quality leads that they may NOT be inherently motivated to do a good job for all of their clients. While I'd like to believe that all REALTORS® always do a good job, the reality is that people are not perfect, which is why it is important to find the "right" REALTOR® from the beginning.
So by now you might be asking yourself what steps should be taken to find the best Austin REALTOR®. While I'm a bit biased since I'm a REALTOR® myself, I'd also like to suggest a few other REALTORS® in Austin who are not only technology savvy, but seem to do a good job for their customers. The following is a list of quality Austin REALTORS® who have managed to create excellent websites while building a quality and reliable Austin real estate services business.
Sam Chapman of Keller Williams at 512-293-2422
Joe Cline of Affinity Properties at 512-795-4532
Curtis Reddehase of Sky Realty at 512-342-8744
Brian Talley of Regent Property Group at 512-554-9714
Median selling prices for Austin area homes are down 3.2% for February 2009, as compared to the median selling prices for February 2008. In addition, homes sold in February 2009 has decreased by 41% in number, as compared to homes sold during February 2008. Through February, bank rates for a 30 year fixed mortgage have continued to stay low at 5.25% (according to bankrate.com).
What exactly does this mean for you? For one thing, this is an excellent time to buy a home in Austin. If you are a first-time homebuyer, keep your eyes open for an opportunity to make use of low interest rates and put your $8,000 tax credit to use, as many “good deals” pop up in the market. To read the full article on what the current Austin real estate market means for both buyers and sellers, visit my blog.
Source: The raw data in this report was provided by the Austin Board of REALTORS® but interpreted by by Austin REALTOR® Brian Talley of Regent Property Group. The information contained herein is subject to errors, omissions and changes without notice. Any information, statistics, analytics, recommendations or opinions provided in this report are subject to errors and/or omissions and are not in any way guaranteed as accurate or reliable by Brian Talley or by Regent Property Group LLC.
A Free Austin Home Search can be found here and Austin real estate statistics can be found here.
Austin home sales are down 23% for the year while median prices are up 1.1%, an amazing statistic considering the depressed national economy. It is impossible to predict what will happen in 2009 but we can say with confidence that Austin real estate has held strong in 2008. For detailed information about Austin real estate market statistics November 2008 click this link.
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