August Real Estate Statistics

In Lake Travis ISD, UNITS SOLD were up 6% in August, compared to last August. This is encouraging as July's UNITS SOLD were down a whopping 10% compared to last July. In the entire Austin area, UNITS SOLD were down 1% compared to last August (15% down in July). Thinking of buying or selling? Find out if its a good time to buy or sell. Call my SELL Phone (512)786-SELL (7355), Pearl Jones, Real Estate Broker with Home Stars of Texas Realty.

August 2011 Real Estate Statistics

The # of residential units sold in August 2011 in Austin is 1999 that is a 31% increase from last August which was 1514.  That is absolutely great news for Austin's economy. 

Unfortunately, we started September with wildfires in Steiner Ranch, Leander, Pflugerville and Bastrop.  In Steiner Ranch, 24 homes burned, while in Bastrop, about 1500 homes burned.  This unfortunate event however, will stimulate housing since 1500 families will need a place to stay.

Real Estate Market in Austin, TX for May 2011

What is the Real Estate Market in Austin, TX like?  Thanks to Alamo Title of Austin who religiously provide us, realtors the above graphs and charts so that we can provide these to you.  In summary, Alamo Title reports the following:

New Preliminary May 2011 Data:

Units for Sale: (compared to May 2010)

New listings are up 3.21%.

Pendings are up 55.88%.

Solds decreased by 10.58%

Here comes the interesting part:

Units for Sale:(compared to the same week in 2010) For May 29, 2011 - June 4, 2011

New listings are down this week 2.27%.

Pendings are up this week 41.32%

Solds are up 35.69%

So, you tell me is it a good time to sell in Austin?  Oh yeah!  Is it a good time to buy in Austin?  Absolutely, we are seeing multiple offers in my Keller Williams' Lake Travis office.  I can break down these numbers based on your area so call me today to make an appointment at (512)786-7355.

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.