Jollyville has reason to be optimistic this year. Home prices in the area have been trending upward for the last 12 months from their recent low in the spring of 2009. Although the market has been extremely volatile since the spring of 2008, prices seem to be stabilizing and trending upward. Expect some volatility this summer with the tax credit expiring and interest rates expected to rise. Overall prices are expected to remain flat to slightly up throughout the summer months. See the chart below which shows the 10 year average and median price for the Austin neighborhood of Jollyville (zip code 78729). The black line shows the 90 day moving average price and is more reflective of trends in the market.
The graph below shows the number of homes sold by month in the Jollyville area for the prior 10 years. You will notice a trend of increased sales from May to August each year. The low point of sales tend to occur in February.
Interested in buying or selling a home in the Jollyville area of Austin, take a look at the current market listings below.