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Sunday, August 31, 2008

Statesman says Eanes is going for less

Eanes Independent School District is (I think) one of the best rated school districts in Austin. They also have an awesome football stadium and use astro turf. Without losing my train of thought, I know for a fact that the Westlake area has the reputation of being one of the region's most expensive housing. A $1 million dollar home in Lakeway is worth more in Westlake. Some people want to be in Westlake because of their schools no matter how much it takes. Last year, Newsweek listed Eanes' Westwood High School as #97 of the 1,300 top schools in the country! Lake Travis High School was #503. So now, do you get it?

I checked the statistics for this MLS (at Alamo Title's website) and saw that in July, 2008, the average home sold was $651,566 in the 8W MLS. In July 2007, the average was $609,944, that's a 6.8% increase! But only 25 homes sold this July, (40 last July), a 37.5% drop in sales! Yikes! I thought Lake South (where Lakeway is was doing bad at a 27% drop.

The moral of this blog? NOW is the time to get in at Eanes School District! Buyers, you have got to take advantage of the market and buy in Eanes now!

Saturday, August 30, 2008

July Statistics for Austin Real Estate

Alamo Title reports the following for July 2008:

Units for Sale: (compared to July 2007)

New listings were down 7.22%.
Pendings were down 21.19%.
Solds decreased by 24.61%.

As for Average Prices:

The "New Listings" average list price is up 8.90% to 319,346. In July 2007 the average list price was $293,258.
Sold average sales prices increased 0.08% to $253,500. For June 2007 it was $253,310.

Fortunately, generally homes are still appreciating, thank goodness. Does the dwindling number of solds worry you?

NOTE: The information herein has been obtained from Alamo Title's website and has not been verified.