Recently we pulled the numbers from the Austin MLS to compare how the new year is doing compared to 2010. Below is what we found when comparing Q1 2011 to 2010. Remember, last year there was a Federal Tax Credit available through April that we all felt pushed up the normal Summer busy season:
| Q1 ~ 2010 | Q1 ~ 2011 | ||
| Number of Homes Sold | 37 | 65 | |
| Avg. Sq. Foot | 1,355 | 1,435 | |
| Avg. List Price | $258,438 | $261,410 | |
| Avg. List Price Per Sq Ft | $195.56 | $186.21 | |
| Avg. Sales Price | $249,858 | $250,762 | |
| Avg. Sold Price Per Sq Ft | $188.28 | $178.27 | |
| Percent of List Price achieved | 96.60% | 95.42% | |
| Avg. DOM | 72 | 75 |
Most compelling aspect in my opinion are the number of homes sold between the two time frames. Slightly longer sales cycle and the buyers in 2011 'appear' to have received a slightly better value when looking at price per sq ft. What it tells me is there are buyers out there, and spending a little more time to make the home in 'show condition' and pricing accurately are the keys to a successful sale.
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