Market Activity Report in South Austin Texas for the month of Jan 2007 and Jan 2008
We have some cool areas in South Austin that are heavy residential areas, 10N, 10S, and SWW being the most popular in what keeps Austin weird. The areas are family oriented from all types and walks of life. Artist community is heavy in area 10N and multi cultural influences 10S while SWW is has a heavy influence of tech and professional families. Lots of parks and local flavor in all these areas.
Here are a few stats for those folks who like to compare data .. This data reflects on the areas of 10n, 10s, and SWW, and only the months of January.. for 2007 and January 2008, its a micro slice of our real estate market.
AREA # New Listings # Pend Sales Avg LP #sold Avg Sold Price Avg DOM YEAR
10N 41 28 $$unk$$ 21 $177,384 60 2007
10N 47 37 $222,055 22 $243,967 42 2008
10S 81 58 $167,840 46 $156,575 34 2007
10S 61 71 $181,707 37 $170,684 37 2008
SWW 57 56 $280,513 41 $288,721 45 2007
SWW 52 56 $318,629 40 $312,629 54 2008
Data from the Austin Board of Realtors records. report generated 2/27/2008 3:25PM
So while we see the DOM (days on Market) look greater in 2008 than 2007 the prices are not falling, the market is not oversaturated with number of new listings and the pending sales are holding strong.
It is a goodtime to buy in Austin Texas, if you would like an excellent buyers agent, call me.. Gail Tassey 512-217-9482 or email gailnttexas@gmail.com I work with Keller Williams Realty in South Austin Texas.
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