Final 2010 Real Estate Statistics for Austin, TX

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?

August real estate statistics for Austin, TX

What is going on in real estate in Austin, TX?  Oh no, our market has flattened in August.  Alamo Title in Austin has reported that in August, our residential sales (units) have decreased 18.91% compared to last August.  In Lake Travis ISD, our residential sales (units) have decreased 21%!

 Here are other statistics Alamo Title has announced:
New listings are down 8.35%.
Pendings are down 21.87%.
Sold average sales prices increased 10.42% to $261,006.  For August 2009 it was $236,376.
 
Is it still a good time to buy?  Absolutely!  Our interest rates are still low and look at the sold average sales, they are up last month!  If it continues to go up, hmmm do you want to buy high?

Note: The statistics above was obtained from Alamo Title of Austin.  The Lake Travis statistics was obtained from Austin Board of Realtors and has not been confirmed.