Reference: Click here for a current listing of all of the homes for sale in Kyle and Buda texas by subdivison.
I was working with a client recently looking at homes largely in the Kyle and Buda Texas areas and I noticed that many of the homes we were looking at had lowered their prices and were vacant. I wondered how much of this was perhaps the seasonal slowing down of the market that we start seeing as we approach the holidays, versus a reaction to the current economic news.
While it may be a bit too early to see how people are reacting I pulled the current listings in Kyle and Buda and checked to see how many had lowered their prices in the past several days. Of the 326 active listings in Kyle and Buda, 60 lowered their prices during the last 14 days. That's a rate of 18.4%. I wondered how this compared to what was happening a couple of months ago.
So I went back to August 2008 time frame to see what the real estate activity numbers looked like for Kyle and Buda. If you looked at the numbers without considering the time of year, you may come to a conclusion there is an impact. But when I look at the numbers and see that we are almost into November I am thinking 'seasonal trend'.
The "Real Estate Hotsheet" below shows what was happening back in August. I found that of the 358 active listings at that time 56 lowered their price during a similar 2 week period for a rate 15.6%. So our current 18.4% is roughly 2.8% points higher.
If you look at the new listings for Kyle and Buda coming on we see that in August, there were 89 new listings added to the MLS, while now in October only 52 were added. The actual selling activity has begun to slow down as only 22 went pending during this time frame almost half of the number that went pending in the two week August window (42). However in each of these cases I think the numbers are still reflecting the "time of year real estate market trend" rather than a direct reaction to the economy. That is to say that sellers traditionally start thinking of taking houses off the market as we approach November and December as buyers seem to shift their focus to the holidays.
So during this time of year we see that the sellers and buyers still out there are usually fewer in number, but typically more motivated, as they typically HAVE to be buying or selling during this window.
So if you're in the market to buy or sell a home so far the Austin Real Estate market is fairing better than most. There are some deals out there for those of you looking for a deal. But for those of you wanting to sell, it is still possible to sell your home at a fair price as well. More than ever you need a good Realtor to help you price and stage your home so it shines above the rest. Call us at 512-449-6070 with any questions. We'd love to be your Realtor of choice.
Here are a few important links you may find useful as you consider your decision. These are links where you can see the real estate prices in Kyle, Buda as well as other Austin area communities. Follow any of the links below and of course call us at 512-449-6070 with any questions:
Kyle Tx real estate: or Kyle Tx Homes for Sale by Subdivision
Buda Tx real estate: or Buda Tx Homes for Sale by Subdivision
Austin Tx real estate: Austin Tx homes for Sale By Subdivision
Comments(0)