About Lakeway's Lakeway

Sandeez's Hamburger Hut (Lakeway Texas) - stop in for a great burger!

Stomach growling, throat dry - it's time to find a great place to eat while traveling Hwy 620 toward Lakeway. And then you see it.....a quaint low slung building advertising Sandeez's Hamburger Hut.

My mouth waters for a hamburger, fries and Dr. Pepper. This looks like a good place....

I've stumbled on a classic car show - not big but looks local. Texas small towns have very local fun happenings - it's a surprise and family friendly. The owners are hanging around their cars or checking out the "competition" - all ready to talk about classic cars, how they restored them and the "good ole days".

Hey-I stopped for a burger! I got much more....so where is this place?

Located at 113 RR 620 North, Austin Tx. 78734 or call (512)266-1524 for hours of operation. Fast and friendly service! See you there...

Hey buyers, we can stop here for a yummy hamburger when you decide to purchase a home in the Lakeway area through Home and Hearth Realty.

Lakeway TX had a great Summer with 74 home sales from June 1 - August 31, 2011! There are also currently 22 properties that are under contract pending closing. In 2010, during the same time period, there were 70 Lakeway home sales. Pretty even year over year. Another story brews within these home sales in the City of Lakeway TX.

I want to take a look at the percent of list price vs sales price. Across the country, real estate "experts" like to say that sellers will take 20 and even 30% off their asking prices... not in the general Austin area, and not in Lakeway TX either.

However, there is some unique activity that has changed in homes for sale in Lakeway TX over 2010 and 2011. Look at this bar graph. This is the sales history for the June - August 2011 period.

As you can see, the longer the house sat on the market, the less the sellers accepted for their home. This theory makes sense because as sellers get frustrated with keeping their house clean and dealing with people walking in their homes for sale, the more anxious they are to sell, and negotiate a slightly lower price than if it was a brand new listing on the market.

Now, look at this bar graph from the same period for 2010.

Pretty interesting isn't it? As you can see, as the houses for sale in Lakeway TX sat longer on the market, the sellers stuck to their guns demanding more of their asking price. Does that strategy make sense? To those sellers it did, but that's probably because no one explained to them the expenses they were incurring while continuing to live in these houses waiting for their asking price.

If the house was $250,000 and it took four months to sell at their price, let's assume a $2500 monthly payment that includes mortgage, interest, taxes, insurance, utilities, yard maintenance, and any other thing related to the house, it seems they spent $10,000 extra instead of just accepting a competitive offer within the first 30 days... but that's just my math at work. Sellers use a different math.

I say it often, and I'll say it again, real estate is LOCAL and not NATIONAL! Real estate is even hyper-local within the same city as these are different numbers than what other communities in the same area sell for.

**Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com
austin-texas-homes-for-sale.com

Austin TX Real Estate

and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.

For real time Austin TX listings,click here.

** Multi-Million Dollar Producer Year after Year **

Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lakeway TX - Market Report - Summer Home Sales Remain Stable * was first published on donnahomesblog.com.