The East Austin Real Estate Market Report For June 2nd, 2010

This is the latest in East Austin Real estate, a tremendous part of Austin, TX with incredible growth, and wonderful curb appeal!  If you are a first time home buyer in Austin, this is a great place to look for your first "fixer-upper".  Just drive through the neighbrohood, and see what it has to offer.  Take a look at this blog, The East Austinite, for some more information, or just give me a call for a tour of my favorite spots!

Here is a current snap shot of the homes available right now in East Austin (June 2nd, 2010).  These charts will tell you the current prices and the range of prices in the east Austin area.  You can see that the prices start at a level that is perfect for the Austin first time home buyer.  With  a little work, and a little renovation, most properties can be elevated to the upper level of home values in the area.  This area is a great investment!

There are currently 129 homes for sale in East Austin, with 6 properties just listed in the past 2 weeks.

Here are a few homes that have virtual tours to view:  1904 Hamilton Ave. , 1114 Henninger St. , and 1208 Cedar Ave.

Contact me to view these homes, or to see what else is available in East Austin. 

The average days on market for East Austin is currently 134 days, which is an increase from my last report of 2 weeks ago.

A grand total of 11 properties have sold in the past 2 weeks.  This is also an increase from the last report.

One more chart, and this one is great for anyone who wants to list and sell their home in East Austin successfully.  On average, in the past 30 days, homes sold for less than the list price by about 4%.

I hope this provides both buyers and sellers who are interested in this neighborhood with valuable information about the market in this area.  Contact me directly for more information.  I can provide a Comparative Market Analysis specific to your home if you are thinking about selling in East Austin.  If you are a buyer, or an investor, contact me to take a look around!  Don't forget about all the great first time home buyer down payment assistance programs out there, such as TDHCA Bond 77 and the Austin Down Payment Assistance Program.