Austin Real Estate Market Activity Update for 2010

A quick real estate market data update for the city of Austin, Texas for the last two 9 month periods:

  • A quick view at how our market is doing comparing the following two periods: January 1st, 2009 to September 25, 2009 and January 1st, 2010 to September 25, 2010
  • Between January 1st, 2010 and September 25, 2010, 6,054 homes have sold in Austin.
  • Compared to 6,230 homes sold for the same period in 2009
  • This shows that we’ve had a slight decline of ~3% in actual market activity for 2010.

However for the 6,054 homes that have sold in 2010:

  • The Median Home Price was $245,000!
  • When compared to the 6,230 homes that sold in the same period in 2009
  • The Median Home Price (half sold above, half sold below) was $233,325.
  • This shows that we’ve had a slight increase int the Median Home Price of ~5%

Also on a good note for all Austinites:

  • The median days on the market for 2009 was at 43 Days.
  • This year it has been 36 Days
  • Which means houses are selling in less time and for more money
  • What does this mean? Are we actually doing Better? or is this just the remaining
    dust cloud left behind by the artificially (tax credit) manipulated market?

If you would like to have your neighborhood featured on our site, feel free to contact me at askOrlando@theappraisaliq.com and just type the name of your community on the subject line. I look forward to hearing from you.

Map of Austin, TX


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Milwood, Austin TX: Real Estate Market Update June 2010 to September 2010

A quick real estate market data update for the Milwood subdivision in Austin, Texas for the last 3 months:

  • Between June 22, 2010 and September 22, 2010, 41 homes have sold in Milwood.
  • 80 homes are currently for sale and 16 are under contract.
  • This gives an absorption rate of about 14 houses/month that sell.
  • With 80 homes currently for sale, that gives just under 6 months of inventory of homes.

For the 41 homes that have sold:

  • The highest selling price was $272,000 for a 2,912 square foot home. This home was on the market for 188 days!
  • The lowest selling price was $92,501 for a 1,023 square foot home which sold on the same day it was listed.
  • The median selling price (half sold above, half sold below) was $168,500 for a 1,657 square foot house.
  • The median days on the market was 36.

For the 80 homes for sale in Milwood:

  • The highest list price is $264,900 for a house with 4,052 square feet. This home has been on the market for 224 days.
  • The lowest list price is $124,000 for a house that is 920 square feet. This one has been on the market for just 2 days.

If you would like to have your neighborhood featured on our site, feel free to contact me at askOrlando@theappraisaliq.com and just type the name of your community on the subject line. I look forward to hearing from you.

Map of Milwood in Austin, TX


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The Hollows Lake Travis: Real Estate Market Activity September 2009 to September 2010

A quick real estate market data update for the Hollows subdivision in Jonestown, Texas for the last 12 months:

  • Between September 18th, 2009 and September 18th, 2010, 3 homes have sold in The Hollows at Northshore.
  • 7 homes are currently for sale and 1 under contract.
  • For the 3 homes that have sold:

  • The highest selling price was $650,000 for a 3,244 square foot home. This home was on the market for 310 days!
  • The lowest selling price was $305,000 for a 1,523 square foot home which sold in 14 days.
  • The median selling price (half sold above, half sold below) was $390,000 for a 2,582 square foot house.
  • The median days on the market was 185.

For the 7 homes for sale in The Hollows:

  • The highest list price is $1,399,000 for a house with 4,208 square feet. This home has been on the market for 601 days.
  • The lowest list price is $375,000 for a house that is 1,626 square feet. This one has been on the market for just 25 days.

If you would like to have your neighborhood featured on our site, feel free to contact me at askOrlando@theappraisaliq.com and just type the name of your community on the subject line. I look forward to hearing from you.

Map of The Hollows in Jonestown, TX


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Forest Creek Round Rock Real Estate Market Update September 2010

Forest Creek, Round Rock Real Estate Values

A quick real estate market data update for the Forest Creek subdivision in Round Rock, Texas for the last 12 months:

  • Between September 12th, 2009 and September 12th, 2010, 97 homes have sold in Forest Creek.
  • 54 homes are currently for sale and 7 are under contract.
  • This gives an absorption rate of about 8 houses/month that sell.
  • With 54 currently for sale, that gives just over 6 months of inventory of homes.

For the 97 homes that have sold:

  • The highest selling price was $540,000 for a 5,158 square foot home. This home was on the market for 517 days!
  • The lowest selling price was $180,000 for an 1,800 square foot home which sold on the same day it was listed.
  • The median selling price (half sold above, half sold below) was $256,000 for a 3,092 square foot house.
  • The median days on the market was 45.

For the 54 homes for sale in Forest Creek:

  • The highest list price is $2,000,000 for a house with 9,089 square feet. This home has been on the market for 403 days.
  • The lowest list price is $159,900 for a house that is 1,800 square feet. This one has been on the market for just 2 days.

If you would like to have your neighborhood featured on our site, feel free to contact me at askOrlando@theappraisaliq.com and just type the name of your community on the subject line. I look forward to hearing from you.

Photos of Homes in the Forest Creek subdivision in Round Rock

Map of Forest Creek in Round Rock, TX


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Home Appraisal Video Tutorial

Orlando Masis Explains the Basics of Home Appraisal in a Video

In this appraisal inspection video, Texas State Certified Residential Real Estate Appraiser Orlando Masis demonstrates how a house is measured with the traditional appraiser tools of a measuring tape and graphing paper to draw the sketch of the home.

Take a few minutes while you sip your coffee and learn about the measuring, data gathering and analysis of value for a real estate appraisal in this video tutorial.