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LAKE TRAVIS TX OCTOBER 2010 HOUSING MARKET REPORT

By Victoria Wilson

Real Estate Agent with Realty Austin 598634

November 09, 2010 12:49 AM

LAKE TRAVIS (South) TX OCTOBER 2010 HOUSING MARKET REPORT

In OCTOBER 2010, there were 61 homes sold in the south Lake Travis TX area. This includes single-family homes and townhomes.

Because Lake Travis is so massive, the Austin MLS has broken the surrounding land into four areas - LS, LN, CLS & RN. This report is for LS - which is Lake South and includes: Lake Pointe, The Uplands, Spanish Oaks, Homestead, Belvedere, Falconhead and Falconhead West, Flintrock Falls, Apache Shores, Rough Hollow, Spicewood, Briarcliff, Lakeway, Hudson Bend and all the areas in between.

When compared to the same time last year (October 2009), Lake Travis TX (LS area) sold 53 homes. Sales are down approximately 9% from the previous year.

The LOWEST PRICED HOME SOLD in area LS was a 3-story custom home in Apache Shores. The house was listed at $169,000 and sold for $160,000 in 83 days. It was built in 2003, with 4 bedrooms and 2 baths in 2,377 sq ft.

The HIGHEST PRICED HOME SOLD in area LS was located in Spanish Oaks. This 2009 Dick Clark design home was a new home and a foreclosure. It was on the market for over a year. 6 bedrooms and 8 bathrooms, 2 living areas, 7,797 sq. ft. It was listed for $2,499,000 and sold for $2,200,000.

The AVERAGE sold price in the Lake Travis TX (LS area) for October 2010 was $524,682. Average size was 4 bedroom, 3 bathrooms, 3,265 square feet. The Average sold price per square foot was $132.64 sq. ft. The Average days on the market was 93, down from last month of 125 days. (FYI: Of the 24 homes that sold in October 2010, 2 of them sold in less than 27 days, 11 sold in 31-60 days, 3 sold in 61-90 days, 6 sold in 91-120 days, and 2 sold in 120+ days.)

The MEDIAN sold price in the LS area, Lake Travis TX was $418,000, which means half of the homes sold in October 2010 sold for less than $418,000, and half sold for more than $418,000.

Here is a snapshot of the homes sold in the Lake Travis TX LS area by PRICE RANGE for October 2010:

PRICE RANGE	QUANTITY SOLD	AVERAGE DOM (Days on Market)
$149,999 & Under	0	0
$150,000 - $199,999	7	111
$200,000 - $249,999	7	58
$250,000 - $299,999	2	59
$300,000 - $349,999	5	144
$350,000 - 399,999	9	55
$400,000 - 449,999	3	250
$450,000 - $499,999	5	83
$500,000 - $549,999	6	69
$550,000 - $599,999	3	54
$600,000 - $699,999	6	68
$700,000 - $799,999	1	126
$800,000 - $899,999	1	141
$900,000 - $999,999	2	99
$1,000,000 & Over	4	137

Current conditions of LAKE TRAVIS TX homes for sale market:

There are 711 homes FOR SALE in Lake Travis, TX (area LS) - Lake South, as of October 5, 2010. Following is the PRICE BREAKDOWN:

PRICE RANGE	ACTIVE LISTINGS
$149,999 & Under	11
$150,000 - $199,999	31
$200,000 - $249,999	51
$250,000 - $299,999	66
$300,000 - $349,999	50
$350,000 - 399,999	50
$400,000 - 449,999	45
$450,000 - $499,999	51
$500,000 - $549,999	24
$550,000 - $599,999	39
$600,000 - $699,999	42
$700,000 - $799,999	29
$800,000 - $899,999	29
$900,000 - $999,999	23
$1,000,000 & Over	105
TOTAL	646