August 2017 Real Estate Statistics

It is September and August statistics are in.  In Austin, Units solds in Austin are down 3% compared to last August.  In Lake Travis ISD, units sold are down 12% compared to last August.  See graph below for further illustration compared to the past years.

Austin's Real Estate Market May 2009

How's the real estate market in Austin, TX? Well, it could be better, though it is better than other parts of the country. Austin residential unit sales are down 22% this May compared to May 2008. In Lakeway or residential sales under Lake Travis ISD, sales are down 20% compared to last May.

Alamo Title reports that new listings are down 30.65% compared to last May. As for average prices in Austin, Alamo Title also reports that the "New Listings" average list price is up 12.11% to 355,139. In May 2008 the average list price was $316,768. Sold average sales prices decreased 3.35% to $250,014. For May 2008 it was $258,675.

The statistics reported below have been obtained from the Austin Board of Realtors and have not been confirmed. Pearl Jones nor Keller Williams Realty is not responsible for the inaccuracy of this report.

Jan and Feb real estate statistics for Austin and Lakeway areas

Alamo Title of Austin has reported that in January, residential sales units were down 43.24% BUT pendings were UP 8.08% compared to January 2008. In February, residential sales were DOWN 26.32%, pending sales were DOWN 24.32% compared to February 2008. New listings are also down both months. I think sellers have come to a realization that you should only put your home in the sale market if you have to sell.





In Lake Travis ISD which includes Lakeway real estate, in January, sales are down 35% compared to last January and in February, sales are down 18% compared to last February.



If you are thinking of selling, give me a call to give you a market measure on a specific community or MLS area. If you are thinking of buying, it is absolutely a good time to buy in AUSTIN!


The information in the graph has been obtained from the Austin Board of Realtors and the information has not been verified. The graph is to be used for informational purposes only.

October Austin and Lakeway Real Estate Statistics

As you remember, October was when the bank fall out began, the beginning of Bush's bail-out plan. How did this affect Austin's real estate? Alamo Title reports that solds decreased by 26.24% from October last year. You are probably thinking that 26% isn't so bad, but if you look at the chart, Austin's real estate started to take a dip in the fall. Hence, I am guessing, that's around a 36% decrease in sales from 2 years ago!

As far as Lakeway real estate, sales are down 5% from last October or 33% down from October 2006.

With the Presidential election finally over, I am optimistic that our new President will bring good changes and I hope that you feel the same way.

NOTE: The information here in has been obtained from Alamo Title and Austin Board of Realtors and has not been verified.

Ridge at Alta Vista in Lakeway, TX

Ridge at Alta Vista is a gated community in Lakeway. The homes are built by luxury home builder Toll Brothers. I try keep a close eye on the sales in this neighborhood. Located on a ridge and surrounded by the bird preserve operated by the Balcones Canyonlands Preserve, most of these home have great views of the hill country.
The homes in this community are split into 2 sections or what Toll calls collections, the Reserves and the Estates. The basic differences are: the Estates section start at a higher price point (500's), the floor plans start at a larger square footage, 3 to 4 car garages and the lots are larger; the Reserves start at a lower price point (300's), smaller foot print on homes (some have 2 car garages), and the lots are smaller. There are more Reserves lots and some upgrades in the Reserves are standards in the Estates.
The amenities in the Ridge at Alta Vista or I always refer to RAV is what drives many homeowners to the community. The amenities include a clubhouse with kitchen, small conference room, exercise room, his/her saunas, playground, tennis/basketball courts and jr. size olympic pool with water feature. Plus, it is a gated community. The HOA's are relatively low at $85 a month.
I cannot think of another community in Lakeway that provides all these amenities. The Hills and Flintrock Falls requires that you join nearby golf courses and clubs that have these amenities.
For specific questions regarding Ridge at Alta Vista, please contact me directly at (512)786-SELL /7355. I'd be happy to give you a tour of the community, give you representation if you are thinking of building at the Ridge at Alta Vista.