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Thursday, January 28, 2010

Austin December 2009 Real Estate Statistics

2009 is now the time of the past and let's see how Austin did:

Alamo Title of Austin reports the following:
Preliminary December 2009 Data:
Units for Sale: (compared to December 2008)New listings are down 6.36%.
Pendings are down 3.23%.
Solds increased by 2.45%

Can we keep the inventory down? When inventory is down, the current inventory seem to have better chances of selling. Let's ponder on that for a bit. The first time home buyer incentive is still going on (expires April 30th) and the interest rates are still low (currently 5%) THAT IS WHY NOW is a good time to SELL!

As a buyer, should you buy now? HELLO first time buyer or current home owner? Are you listening? First time home buyers may qualify for an 8,000 tax credit, current home owners of at least 5 years may qualify for a 6,500 tax credit AND the interest rates are still low. Alamo title reports that in Jan. 17 - Jan. 23, 2010, the Sold average sales prices increased 17% to $235,839. In 2009 it was $201,584 for the same week. If the SOLD average sales price on the home keeps going up and you Mr. Buyer keeps pondering about buying and NOT pulling the trigger, hmm, would you rather pay more for a home? AHA, then should you buy now?

In Lake South MLS which includes Lakeway, Bee Caves and Spicewood, the average price SOLD in 12/2009 was $519,510 (in 12/2008 was 393,057) that's a 32% increase!!!! In HH which includes Buda and Kyle had a 9.9% increase in average price SOLD. In RRE (Round Rock East) had a 29% increase in average price SOLD!!! WOW!

Here are some great listings that I have that you should consider. Visit my listings page OR better yet, give me a call at (512)786-SELL. Stop pondering and BUY NOW!