September 2010 Data:
Units for Sale: (compared to September 2009)
New listings are down 12.9%.
Pendings are down 26.66%.
Solds decreased by 32.31%
As for Average Prices:
The "New Listings" average list price is down 6.73% to $281,120. In Spetmeber 2009 the average list price was $301,416.
Sold average sales prices increased 4.29% to $249,017. For September 2009 it was $238,763.
Contact us for the Austin Area Luxury Housing Market Update.
*Keep in mind that these numbers represent the entire Central Texas Multiple Listing Service area. Every area and even different neighborhoods within a certain area are performing differently. To get an accurate depiction of the market in your area or neighborhood, obtain a FREE Austin Area Market Snapshot at no obligation.
August 2010 Data:
Units for Sale: (compared to August 2009)
New listings are down 8.35%.
Pendings are down 21.87%.
Solds decreased by 18.91%
As for Average Prices:
The "New Listings" average list price is down 1.44% to $289,761. In August 2009 the average list price was $294,002.
Sold average sales prices increased 10.42% to $261,006. For August 2009 it was $236,376.
Contact us for the Austin Area Luxury Housing Market Update.
*Keep in mind that these numbers represent the entire Central Texas Multiple Listing Service area. Every area and even different neighborhoods within a certain area are performing differently. To get an accurate depiction of the market in your area or neighborhood, obtain a FREE Austin Area Market Snapshot at no obligation.
Travis Country and Trailwood Village at Travis Country (primarily built in mid to late 70s)
Village Park at Travis Country, Travis Country Green and Lost Creek at Gaines Ranch (primarily built in mid to late 90s)
Find out what Travis Country homes are being listed and sold for by requesting your FREE Travis Country Market Snapshot!
Richard Cain, Owner, Realtor, GRI, Travis Country Realtor & Specialist
512.794.6601 | www.traviscountryonline.com | www.cainsellsaustin.com
I wanted to share some GOOD news we received today from United Guaranty, a mortgage insurance company. They've announced that they will once again offer mortgage insurance on investment properties. This means that investors can put 15% down (instead of the 20% down minimum that has been in place) when they purchase a rental property. Of course, they will be subject to monthly mortgage insurance with a down payment less than 20% but if the property cash-flows and they want to keep more of their cash in-hand this may be an option worth consideration.
Here are some of the guidelines:
· 700 minimum FICO
· Only 1-unit detached properties (no condos)
· Rental income from the property cannot be used to qualify
· Reserve requirements of 6 months PITI for all properties owned
If you or your investor clients have questions or want more information, feel free to call or e-mail me.
Silvia Ward Carden
Mortgage Loan Originator (#217202)
United Lending
1801 S. MopacAustin, Texas 78746
512-592-5455 direct
512-791-6332 mobile
512-646-7333 fax
June 2010 Data:
Units for Sale: (compared to June 2009)
New listings are down 2.86%%.
Pendings are down 30.61%.
Solds increased by 6.56%
As for Average Prices:
The "New Listings" average list price is down 9.50% to $342,513. In June 2009 the average list price was $312,793.
Sold average sales prices decreased 3.47% to $238,460. For June 2009 it was $247,041.
Contact us for the Austin Area Luxury Housing Market Update.
*Keep in mind that these numbers represent the entire Central Texas Multiple Listing Service area. Every area and even different neighborhoods within a certain area are performing differently. To get an accurate depiction of the market in your area or neighborhood, obtain a FREE Austin Area Market Snapshot at no obligation.
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
© 2012 ActiveRain Corp. All Rights Reserved