This year, 30 properties have sold in Oak Forest Subdivision. The sales ranged from $196,900 to $355,000 with the average being $273,383 or $136.69 per sq. ft. Currently, there are six homes on the market for an average price of $286,617 or $138.67 per square foot.
During 2007, 49 properties sold for an average price of $265,252 which is $133.55 per sq. ft. The time to sell during 2008 for the 30 properties that sold was 48 days. For 2007, it took an average of 41 days for the 49 properties to sell. For 2008, the average days on the market for the Austin Metro area was 70 days. So the time for properties to sell in Oak Forest was quite impressive. Being a area resident, it is great to see this activity and that the prices are holding strong. This is both a reflection of the strength of the Austin real estate market and how desirable this close in area is.
Mary "B" Battaglia GRI, CRS
Comments(0)