| Market Commentary Provided by Natasha Leahy If you can qualify, now is an exceptional time to buy a home in Barton Creek and Lost Creek. Low rates with falling home prices makes a home purchase a great value! Call now for more information: 512-786-1799. |
| Report Date | Fall 2009 |
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| Nearest Metro Area | Austin | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Limited Supply | ||||
| Inventory Comments | Number of homes on the market, compared to this same time last year, is down. Average days on the market has increased by approximately 20 days. Sold Price to List Price ratio has decreased by 2.56% since last year. Sold Price to Original List Price ratio is approximately 85.6%. BUT, average (not median) sales price has increased by about 23% since last year, in this area! WOW! | ||||
| Average Home Price | $850,000 - View Graph Trend | ||||
| Best Selling Price Range | $550,000 - $599,000 | ||||
| Worst Selling Price Range | $1,000,000+ | ||||
| Compared to Last Year | Up 20-25% | ||||
| Prices As % of Asking Price | 85-90% | ||||
| Multiple Offers? | No | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Barton Creek and Lost Creek is | No Change | ||||
| Seller Activity for the past 90 days in Barton Creek and Lost Creek is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Barton Creek and Lost Creek? | Yes | ||||
| Existing Home Prices for the past 90 days are | Decreasing | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Most areas/cities within the Travis County area are considered 'Housing Hotspots' and relocation to the Austin area is still hot! | ||||
| Reason to Buy/Sell | Population Growth | ||||
| Average Sold Price | $850,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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