The Average Sales Price for single family homes in Austin was up 4.8% from the year before, to $246,595. The number of homes sold sales was down 5.4% from January a year ago, probably due at least in part to freezing weather that shut the city down for several days, and otherwise cold weather in general. Our Median Sales Price for Jan is up 3% to $176,305 and the average price per square foot of homes sold is up 5.4% to $118. I haven't had time to get the area breakdowns done. I may start doing those quarterly.
From an anecdotal standpoint, Sylvia and I are busier than we've been since last summer. Seems like once the cold weather broke, activity literally spiked overnight and we're on pace for a personal record month - in February of all months, with many of our Buyer deals encountering multiple offers. Stats chart is below. Also, in case you missed it, the End of Year 2006 Austin Real Estate Market Summary breakdown has a lot of info and appreciation stats for the Austin Real Estate market.
|Dec 2006||Jan 2007||Jan 2006||Yr % Change|
|Avg List Price||$249,474||$254,404||$243,572||4.4%|
|Median List Price||$183,756||$180,000||$174,900||2.9%|
|Avg Sold Price||$241,558||$246,595||$235,402||4.8%|
|Med Sold Price||$180,000||$176,305||$171,200||3%|
|Avg Size SQFT||2146||2098||2103||0|
|Avg $ per SQFT||$113||$118||$112||5.4%|
|Avg Days on Mkt||70||76||78||-2.6%|
|Median Days on Mkt||48||54||54||0|