Okay Austinites, here are the final statistics for 2010. In December 2010, residential sales of single family homes were down 3% in Austin compared to last December. In Lake Travis (includes Lakeway, Bee Caves and Spicewood), residential sales were down 13% compared to last December.
I have to say that December real estate was not quiet here in Austin. The sales have finally picked up especially offers with my short sales. It was a very interesting month and I have no idea why things finally picked up. I saw plenty of cash buyers, mostly investors.
It was very interesting to see the slight increase in sales. Come on, a 3% decline compared to last year isn't bad at all. I wonder what 2011 will bring us? Do you think that this is a good sign for our economy?