December 2012 Real Estate Statistics

December real estate statistics are out and they are very exciting for Austin.  In December 2012, residential unit sales were up 16% compared to December 2011.   In Lake Travis ISD area, residential unit sales were up 24% compared to last December.

Alamo Title reports the following on January 7th:

Units for Sale: (compared to the same week in 2012)

For December 30, 2012 - January 5, 2013

New listings are down this week 24.85%.

Pendings are down this week 11.52%
Solds are up 48.53% 
 

As for Average Prices:  (compared to the same week in 2012) 

For December 30, 2012 - January 5, 2013

Sold average sales prices increased 1.12% to $271,466 from $268,446 in 2012. 

Current pendings = 2,722 pendings with an average list price of $255,927.  That is a 31.31% increase in the number of pending listings and a 8.30% increase over the average price of pendings over the same week in 2012(2,073 & $236,311).

This is exciting news since December has always been a low sale time of the year.  Thinking of selling?  Now is the time.  Call me at (512)786-7355 for a FREE market analysis.  Look how low the inventory is!

Austin's Real Estate Statistics for December 2008

Sorry I took to long to post the December 2008 real estate statistics. Alamo Title has reported that December residential sales are down 3.86% compared to last December. On a brighter note, pending sales are up 35.10%. New listings are also down 47.01%.

Looking at the graph, in the past years, February marks the beginning in the uprise of sales, continues until spring and dips in the fall. With the lower interest rates, we have seen an increase in pending sales, we sure hope that this is a good sign for Austin's real estate. Keep an eye out for January 2009's statistics.

NOTE: This information has been retrieved from Alamo Title of Austin. The accuracy of this report has not been verified and neither I or Keller Williams Realty guarantees and is responsible for its accuracy.

December 2007 Lake Travis ISD Sales up 5%

I just ran the residential sales statistics under Lake Travis ISD for December 2007 and found that sales were 5% higher than December 2006! That is not just good news but GREAT news! Looking at the stats for the entire Austin MLS area, sales are down 24% from last December. But if you look at the sales for the entire 2007 in Austin and compare to the 2006 sales, sales are down only 8%.

This week, our mortgage speaker, Land Mortgage, announced that the 30 year fixed rates are 5.875% (with 20% down payment) and the 15 year fixed rate is at 4.875% I remember these rates 2 years ago, that is just awesome. I surely hope that this is a good sign for our economy and for real estate related businesses. Stay tuned and I will keep you updated.