Tim’s Bullet Points

“FOUR POINTS”* Real Estate Market - November, 2011

 

  • Activity is varying dramatically from one area neighborhood to another
  • Overall, sales are up 19% over last year, month to month
  • Sales for 2011 have already exceeded the entire year of 2010 by 8%
  • Inventory is down 7% from last year, and is ideal, save price ranges over $800k 
  • Greenshores’ double dipped, down in 2009, up in 2010, and down in 2011
  • Steiner Ranch is seeing the same double dip, but much less severe
  • River Place’s inventory has been lower each month this year than last year.
  • River Place’s sales have been higher each month this year over last year.
  • River Place yearly sales are 50% above last year…Wow!
  • Westminster Glen is already tripled sales from last year (last year was pretty bad)
  • Long Canyon is on par with sales from last year (neither year has been good)
  • Grandview (The Parke) will likely have its worst sales year on record
  • Glenlake sales remain low for the 4th straight year
  • Click HERE for November's complete River North Area market report, complete with charts & inventory/sales graphs back to 2007.
  • No sales (closings) above $800k last month
  • Months of Inventory below $800k appears to be a “sellers” market on paper.  Because inventory is so low, when demand increases, the odds of housing prices to increase noticeably is high.  This is not the case for homes over $800k.  i.e. this is a misleading stat!
 

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TIM MONCRIEF #1 KW Group '07-'12;AUSTIN;nwmc

Austin, TX

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Keller Williams Realty/Bartlett Real Estate Group

Address: River Place, Steiner Ranch, Austin, TX, 78730

Office Phone: (512) 418-1435

Cell Phone: (512) 576-7344

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