Lake Pointe - Bee Cave Austin TX - Homes for Sale are holding strong! Year to date, there have been a total of 23 properties closed and another 11 that are currently contract pending. That's 34 sales thus far! There are currently 20 Active houses for sale in Lake Pointe. Since that shows less than a 6 month inventory, it's definitely not a buyer's market in Lake Pointe!
Moreover, of the 20 closed properties, only 3 were foreclosures and of the 11 pending, only 1 was a foreclosure. Not a single house for sale in Lake Pointe Austin TX is currently in foreclosure. That's awesome news!
Here is a sales chart with the foreclosures taken out since they skew the numbers. (Foreclosures should only be taken into account for property values when they are a good percentage of the community. 4 out of 54 listings is not a large percentage.)
What I find interesting about this chart is that there are two distinct price points in Lake Pointe, the under $500k and the over $700k. What makes the difference? In the back of the community, there are a few streets with gorgeous views and the homes are custom built instead of regular tract homes with no views.
My point? The bars on the right are the properties that are currently contract pending while the bars on the left are currently active on the market. I would generalize that the average buyer in Lake Pointe Austin TX right now is your under $500k buyer, and the sellers sitting with the over $700k homes for sale need to be prepared to wait a little longer for their homes to sell.
Here's another graph I like, the list price to sales price comparison.
The bulk of the sales in Lake Pointe Bee Cave Austin TX took place in the under 30 days category (8 properties) and the over 120 days category (6 properties). Funny... sellers either priced it right and showed it well in order to sell at a higher percentage, or they priced a little high and sat on the market for more than 4 months to sell at a lower percentage. The bars in the middle don't really tell much of a story because you can't really get an "average" if you're dealing with one or two properties in those specific categories.
My advice, as always, is for home owners to price their homes for sale right from the beginning and to make sure you're showing a product worthy of the price you're asking.
Lake Pointe Bee Cave Austin TX is a very stable community with strong yearly sales. Call or email me today if I can help you!
**Are You Packed Yet?**
Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.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.
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* Lake Pointe - Bee Cave Austin TX - Homes for Sale are Holding Strong * was first published on donnahomesblog.com.
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