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Tim Moncrief - Austin

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Tim's 4 Pts Real Estate Bullet Points: Thru Jan '12

02-12-12
Tim Moncrief - Austin

Four Points (River North) Area Market Bullet Points

February 2012

· Closings were down about 30% from last January. This is a bit misleading as Jan and Feb, last year, were abnormally great months. (see chart)

· Inventory is as low as it has been since 2006 (see chart)

· Steiner Ranch continues to be the driving community in the area with higher price point communities trailing

· The number of showings for homes in all price ranges was substantially up from last year and was on par for showings of late spring. MOREOVER, we are getting calls from agents with buyers requesting to see homes that have yet to hit the market. This is something we have not seen since before the market fell. We shall see if this turns into February to spring sales. (extremely encouraging)

· We have seen stability in the market since late November, corresponding to the stock market. As noted previously, our area market tends to mirror the stock market.

· With abnormally low inventory and abnormally high traffic, the atmosphere for a strong spring is extremely encouraging…..

CLICK HERE for River North (Four Points) Area Market Report

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10300 James Ryan Way; River Place; Austin, TXr

02-01-12
Tim Moncrief - Austin

Click on Pic for virtual tour
Former Model with Many Upgrades in Prestigious River Place
$485,000
10300 James Ryan Way
Austin, TX 78730
4 Bed, 3.5 Baths

Former Model home, many upgrades! (See Attachment) Flat corner lot, 3 car garage that is heated and cooled. Gourmet kitchen, Thermador appliances, wine fridge.

Hardwood floors, cased windows, custom paint and light fixtures. Upstairs game room and media room. Media room could be 5th bedroom or 2nd game room. Covered and uncovered patios, custom landscaping and lighting

Go to www.BartlettRealEstateGroup.com for more details


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Tim's November Four Points Area Real Estate Market Report

12-08-11
Tim Moncrief - Austin

Tim’s Bullet Points

“FOUR POINTS”* Real Estate Market - November, 2011

  • Activity is varying dramatically from one area neighborhood to another
  • Overall, sales are up 19% over last year, month to month
  • Sales for 2011 have already exceeded the entire year of 2010 by 8%
  • Inventory is down 7% from last year, and is ideal, save price ranges over $800k
  • Greenshores’ double dipped, down in 2009, up in 2010, and down in 2011
  • Steiner Ranch is seeing the same double dip, but much less severe
  • River Place’s inventory has been lower each month this year than last year.
  • River Place’s sales have been higher each month this year over last year.
  • River Place yearly sales are 50% above last year…Wow!
  • Westminster Glen is already tripled sales from last year (last year was pretty bad)
  • Long Canyon is on par with sales from last year (neither year has been good)
  • Grandview (The Parke) will likely have its worst sales year on record
  • Glenlake sales remain low for the 4th straight year
  • Click HERE for November's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.
  • No sales (closings) above $800k last month
  • Months of Inventory below $800k appears to be a “sellers” market on paper. Because inventory is so low, when demand increases, the odds of housing prices to increase noticeably is high. This is not the case for homes over $800k. i.e. this is a misleading stat!
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Tim's Four Points Real Estate Market Update-October

11-11-11
Tim Moncrief - Austin


Tim’s “FOUR POINTS” Area Bullet Points

October, 2011


Four Points area is noted as the Realtor territory of “RN” = River North: FM2222 to Volente to Lake Austin to Hwy 360, back to FM2222

>Sales increased and inventory decreased from September, which is typically seen in the fall.

>First increase in inventory (only 4% year over year) in 14 months. Too early, & too small of an increase to make any judgment.

>Sales up 31% from last year. Typical large swings in the market seen all year, just as we have seen in the stock market.

>Click HERE for September's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.

>Only 2 sales above $800k last month. The higher end has yet to create a noticeable market this year.

>Westminster, Glenlake, Long Canyon and Greenshores recorded only 2 sales last month, total.

>Lease market remains strong: I doubt we will see a change in this trend for the next year.

>Steiner Ranch skews the statistics for all other neighborhoods with a phenomenal sales to inventory ratio of 20 to 90, which equates to a seller’s market.

>River Place has tied a 17 year low for inventory with only 31 homes. The record is highly likely to be broken by year’s end. Great position with anyone on the market, or coming on the market, as demand picks up.

>Sales increased and inventory decreased from September, which is typically seen in the fall.

>First increase in inventory (only 4% year over year) in 14 months. Too early, & too small of an increase to make any judgment.

>Sales up 31% from last year. Typical large swings in the market seen all year, just as we have seen in the stock market.

>Click HERE for September's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.

>Only 2 sales above $800k last month. The higher end has yet to create a noticeable market this year.

>Westminster, Glenlake, Long Canyon and Greenshores recorded only 2 sales last month, total.

>Lease market remains strong: I doubt we will see a change in this trend for the next year.

>Steiner Ranch skews the statistics for all other neighborhoods with a phenomenal sales to inventory ratio of 20 to 90, which equates to a seller’s market.

>River Place has tied a 17 year low for inventory with only 31 homes. The record is highly likely to be broken by year’s end. Great position with anyone on the market, or coming on the market, as demand picks up.

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WHY Google for real estate information instead of ACTIVE RAIN? Really, WHY?

10-20-11
Tim Moncrief - Austin
Why Google, Bing, or search through NAR or REALTOR.org for information on real estate when it is all right here on ACTIVE RAIN?

I bring this up as I am teaching a class on "Increasing showings on homes" today to a few hundred agents, and I was digging for specific stats for varous items for the class. I went to KW.com (Keller Williams), NAR, REALTOR.com, Google and Bing and had to dive through all the garbage to find what I want...on all the sites. The problem was there was too much garbage. Well, I was doing a post on ActiveRain and said, "hey, what the heck, let's give AR a shot". Actually, I didn't really say it....as people would think I was bit "off".

There is a tab called "SEARCH" on AR. Hmmmm. Wonder what that is for? (lol) So I used the search platform powered by Google, but it's focussed on Active Rain website solely. Tim Moncrief The results were mind blowing. I know.....I know...your concren is the validity of the stats by an agent. Thus, I would not use any stats by an agent that did not have a source link. Surprisingly, most AR blogger do a great job in sourcing their links. So I get them to do all the diggin around and I take advantage of their hard work. (Yes, I use them)

What to my surpirise should I read, but multiple replies on the same stats I am looking for in different time periods. Hmmmm. Now I have stats over several years to show the variation of stats over the last few years. Pretty darn valuable information. So within a few minutes I had stats from various years in which I could show a trend. Surely this is on NAR or REALTOR.org, but AR is 1000 times easier and faster to use.

So now I have this great presentation to teach a class today to a few hundred agent with some stats they are likely not familiar with. Did you know that 39% of FSBO seller's sell their homes through their sphere. Ya need to think about that one and relate that to your business.....as that is a pretty powerful stat as 99% of agents do not work their or their client's database to market the home to. Didn't think of your client's database.....did ya? On NAR the overall sphere sales are 6% and we skip right passed that and focuss on internet, signs, blah, blah, blah. If you did not know, 1 out of 3 referral buyers will buy a home. That woke ya up.

Soooooo, in conlcusion. Ya need info for your client, yourself, or teaching a class on anything to do with real estate. THINK OF THE SEARCH ENGINE ON ACTIVE RAIN FIRST!!!! Now after reading this, stop, and go up to the search engine and search for something you were curious about but did not know. It is highly likely multiple agents wrote the question very similar to what you will write.

As the old saying says, "the answers tend to be right in front of our eyes". Well, here you are and your eyes are here. Work it. Special thanks to ACTIVE RAIN and to all the agents who I got information from who covered the rear end on their blogs by posting links to their sources. I friggin' love this site! USE IT!
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