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Austin Real Estate Update January '08

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Information about Austin Real Estate Update January '08

Published on January 28, 2008

Author: DeeinAustin

Source: slideshare.net

Description

Austin Texas real estate market update from January 1999 to December 2007. Provided by Dee Copeland, investor specialist at Keller Williams Realty Austin.
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Greater Austin Annual MLS Stats for 2007 Visit TexasRealtyBlog.com for More Info Created by Copeland Group, Texas Real Estate Experts Visit our Site at CopelandGroupRealty.com

Austin Market Overview The Greater Austin population is currently at 1.25 Million and is slated to grow by an additional million in 10 years. Austin frequently tops many “best places to live” surveys due to our friendly atmosphere, environmental consciousness and active lifestyle. Investors and relocation buyers are still flocking to Texas because of our affordability, strong job market, and continued growth. Austin and Texas have experienced a market shift, but because we grew at a slow, steady pace (2.5%-4%), we will not experience the “bust” of other markets. **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Austin Market Summary Largest Counties: Bastrop, Caldwell, Hays, Travis and Williamson. Popular Cities: Austin, Bastrop, Buda, Cedar Park, Dripping Springs, Georgetown, Lakeway, Leander, Manor, Pflugerville, Round Rock. The Average Sales Price in 2007 increased to $249,543 from $234,601 in 2006. Median Sales Price in 2007 increased by $10k to $184,040. Dec.’07 days on market were 78. The 2007 Average Days on Market was 64. Still Booming: Head South and North of Central Austin near good schools! Homes are selling in under 30 days. Contact us for details!

Current Trend Charts *Data Compiled from the Austin Board of REALTORS MLS & Analyzed By Dee Copeland, Texas Broker-Associate

Austin Units Sold-Single Family Homes 3200 1999 3000 2000 2800 2001 2002 2600 2003 2400 2004 2200 2005 2000 2006 2007 1800 1600 1400 1200 1000 800 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Austin Days to Sell 80 73 71 68 67 64 64 56 58 44 45 42 38 32 20 1999 2000 2001 2002 2003 2004 2005 2006 2007 **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Austin Home Prices $260,000.000 Average Price $249,543 Median Price $233,571.429 $234,601 $213,874 $207,142.857 $202,718 $201,517 $200,639 $195,890 $197,546 $180,714.286 $184,040 $181,329 $173,378 $162,963 $154,285.714 $156,396 $156,173 $154,778 $152,408 $146,025 $137,068 $127,857.143 $101,428.571 $75,000.000 1999 2000 2001 2002 2003 2004 2005 2006 2007 **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Supplement Price Distribution & Raw Data) **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Sales by Price Range Dec'07 YTD Change Active Days to Price Class Sales Distribution Sales 2006 Listings Sell $1 to $19,999 0 0.00% 6 -54% 1 30 $20,000 to $29,999 5 0.40% 37 3% 8 39 $30,000 to $39,999 4 0.30% 44 -14% 24 100 $40,000 to $49,999 5 0.40% 79 5% 52 120 $50,000 to $59,999 6 0.40% 93 -17% 73 143 $60,000 to $69,999 10 0.70% 138 -17% 87 115 $70,000 to $79,999 16 1.20% 193 -4% 128 121 $80,000 to $89,999 29 2.10% 333 -23% 178 98 $90,000 to $99,999 50 3.60% 564 -22% 251 81 $100,000 to $109,999 84 6.10% 921 -12% 267 53 $110,000 to $119,999 124 9.00% 1323 -9% 463 64 $120,000 to $129,999 116 8.40% 1447 -4% 538 68 $130,000 to $139,999 129 9.40% 1361 3% 471 63 $140,000 to $149,999 103 7.50% 1114 8% 452 74 $150,000 to $159,999 69 5.00% 1028 4% 373 66 $160,000 to $169,999 78 5.70% 845 -4% 405 87 $170,000 to $179,999 59 4.30% 734 2% 324 81 $180,000 to $189,999 36 2.60% 622 2% 264 77 $190,000 to $199,999 38 2.80% 481 -1% 257 98 $200,000 to $249,999 141 10.20% 1898 7% 847 81 $250,000 to $299,999 92 6.70% 1311 14% 730 102 $300,000 to $399,999 98 7.10% 1146 3% 715 114 $400,000 to $499,999 39 2.80% 435 11% 346 145 $500,000 to $599,999 20 1.50% 209 -7% 226 197 $600,000 to $699,999 7 0.50% 144 17% 152 193 $700,000 to $799,999 7 0.50% 86 4% 107 227 $800,000 to $899,999 4 0.30% 50 -25% 80 292 $900,000 to $999,999 3 0.20% 35 -8% 50 261 $1,000,000 and more 7 0.50% 105 1% 191 332

Year Month Sales Average Median Price/ New Active Pending DOM List to Price Price SQFT Listings Listings Sales Price Ratio 1999 Jan 887 $156,294 $124,500 $86 1803 3419 1271 57 98.40% 1999 Feb 1027 $153,819 $124,190 $83 1857 3533 1374 56 98.10% 1999 Mar 1395 $156,468 $124,900 $84 2154 3645 1602 52 97.80% 1999 Apr 1402 $161,853 $126,000 $89 2244 3721 1646 47 98.40% 1999 May 1479 $169,470 $126,000 $90 2284 3759 1768 45 98.40% 1999 Jun 1780 $170,139 $130,480 $90 2388 3901 1790 40 98.20% 1999 Jul 1736 $168,655 $128,500 $90 2230 3890 1586 40 98.30% 1999 Aug 1652 $175,066 $129,900 $90 2048 3728 1564 40 97.90% 1999 Sep 1367 $170,409 $133,500 $90 1694 3526 1342 42 98.50% 1999 Oct 1255 $172,619 $129,900 $93 1690 3334 1296 44 98.10% 1999 Nov 1219 $179,010 $132,400 $94 1473 3144 1220 48 97.70% 1999 Dec 1189 $186,687 $140,000 $96 1098 2894 947 47 98.10% 2000 Jan 931 $172,353 $134,700 $92 1734 2794 1286 48 97.90% 2000 Feb 1171 $181,686 $137,000 $98 1851 2732 1499 45 99% 2000 Mar 1452 $192,262 $138,950 $102 2068 2785 1680 41 98.80% 2000 Apr 1440 $190,665 $140,000 $103 2026 2945 1556 38 99.40% 2000 May 1801 $206,450 $148,000 $106 2596 3326 1920 35 98.90% 2000 Jun 1718 $202,939 $152,000 $105 2404 3496 1748 33 99.30% 2000 Jul 1636 $200,684 $153,250 $105 2360 3667 1687 32 99% 2000 Aug 1695 $198,547 $149,900 $105 2194 3680 1518 34 99% 2000 Sep 1380 $200,430 $150,000 $107 2010 3775 1506 36 98.80% 2000 Oct 1393 $203,302 $150,000 $109 2370 3795 1694 38 98.40% 2000 Nov 1151 $200,768 $148,500 $108 1795 3787 1253 38 98.90% 2000 Dec 1214 $200,592 $150,000 $109 1325 3584 873 39 98.50% 2001 Jan 1004 $191,041 $143,980 $104 2304 3953 1238 41 98.30% 2001 Feb 1108 $196,394 $151,250 $104 2341 4718 1329 41 98.50% 2001 Mar 1409 $195,160 $149,000 $107 2890 5422 1572 37 98.10% 2001 Apr 1419 $196,996 $155,000 $103 2978 6085 1599 39 98.50% 2001 May 1646 $206,773 $155,000 $112 3225 6744 1612 40 98.50% 2001 Jun 1686 $203,417 $154,940 $107 3409 7376 1766 38 98% 2001 Jul 1662 $200,580 $159,000 $105 3141 7600 1584 42 97.40% 2001 Aug 1600 $206,711 $157,000 $107 2865 7533 1489 44 96.60% 2001 Sep 1223 $192,534 $149,000 $103 2514 7717 1107 49 97.20% 2001 Oct 1206 $187,273 $142,500 $101 2792 7342 1323 51 96.20% 2001 Nov 1227 $188,798 $155,000 $97 2191 6683 1362 55 96.20% 2001 Dec 1272 $204,879 $157,220 $104 1501 6158 1045 60 95.70% 2002 Jan 1079 $211,758 $155,000 $108 2827 6158 1458 63 95.50% 2002 Feb 1274 $203,107 $160,000 $106 2509 6459 1413 60 95.50% 2002 Mar 1424 $207,626 $158,000 $108 2956 6874 1632 60 96.40% 2002 Apr 1487 $199,574 $159,900 $102 3330 7464 1742 56 97% 2002 May 1735 $204,822 $158,900 $105 3675 8314 1705 47 96.40% 2002 Jun 1651 $209,980 $162,700 $108 3521 8755 1522 50 97.40% 2002 Jul 1571 $198,206 $155,000 $104 3347 9010 1556 51 96.90% 2002 Aug 1566 $206,267 $160,000 $103 3275 9000 1627 55 96.70% 2002 Sep 1289 $199,914 $154,000 $104 3042 9025 1437 64 96.70% 2002 Oct 1369 $200,350 $152,000 $102 3053 8865 1360 60 96.20% 2002 Nov 1202 $190,629 $150,250 $99 2311 8336 1312 64 96.50% 2002 Dec 1410 $200,387 $151,000 $100 1913 8060 1053 65 95.90% 2003 Jan 999 $186,128 $145,000 $99 3348 8315 1407 71 96.10% 2003 Feb 1144 $194,334 $151,500 $100 2733 8646 1292 68 96.80% 2003 Mar 1400 $198,985 $156,490 $101 3382 9219 1563 70 96.20% 2003 Apr 1413 $198,278 $157,400 $103 3710 9774 1711 70 96.50% 2003 May 1494 $205,185 $160,000 $105 3626 10100 1847 65 96.50% 2003 Jun 1769 $214,024 $165,650 $105 3547 10045 1948 65 96.50% 2003 Jul 1866 $210,321 $165,000 $104 3611 9996 1928 63 96.10% 2003 Aug 1986 $200,810 $157,360 $102 3165 9827 1769 64 96.20% 2003 Sep 1783 $191,651 $152,000 $97 3280 9711 1710 64 96.10% 2003 Oct 1483 $201,379 $155,000 $102 3213 9499 1575 66 96.30% 2003 Nov 1276 $199,228 $153,470 $99 2383 8923 1328 69 96.10% 2003 Dec 1617 $207,340 $155,200 $101 2145 8675 1283 72 95.40% 2004 Jan 1020 $189,213 $146,000 $97 3474 8853 1479 77 95.90% 2004 Feb 1192 $197,387 $150,000 $99 3254 9418 1626 77 96.30% 2004 Mar 1541 $201,920 $155,000 $102 4215 9680 2213 72 97% 2004 Apr 1888 $199,495 $155,000 $100 4357 9824 2297 71 96.50% 2004 May 1909 $205,427 $157,380 $102 4150 10081 2393 65 96.70% 2004 Jun 2240 $211,176 $164,000 $103 3746 10085 2542 68 96.70% 2004 Jul 2181 $207,380 $161,000 $101 4008 10053 2364 67 96.80% 2004 Aug 2146 $205,229 $155,000 $101 3537 9824 2274 70 96.30% 2004 Sep 1783 $205,577 $160,000 $100 3233 9513 1396 71 96.70% 2004 Oct 1568 $203,268 $151,050 $100 3171 9255 1076 77 96.40% 2004 Nov 1507 $192,215 $147,900 $96 2663 8377 1725 78 96.90% 2004 Dec 1962 $199,918 $155,000 $97 2140 7962 1602 81 96.80% 2005 Jan 1336 $198,804 $148,000 $98 3402 7982 1678 79 96.40% 2005 Feb 1491 $197,217 $159,000 $97 3258 8279 1898 82 96.60% 2005 Mar 2005 $205,700 $155,000 $100 3603 8605 2384 83 96.80% 2005 Apr 1960 $208,038 $162,000 $102 3738 8880 2421 74 97.40% 2005 May 2277 $219,118 $161,000 $105 3441 8369 2319 66 97.20% 2005 Jun 2462 $219,196 $168,500 $105 3599 8637 2506 64 97.70% 2005 Jul 2446 $226,419 $169,900 $108 3457 8871 2468 62 97.50% 2005 Aug 2634 $217,372 $169,400 $104 3105 8302 2549 67 97.40% 2005 Sep 2280 $213,946 $161,750 $104 2630 7835 2030 68 96.90% 2005 Oct 1913 $211,354 $161,000 $104 2737 7654 2023 67 97.10% 2005 Nov 1802 $224,729 $170,000 $108 2418 7173 1876 68 97.10% 2005 Dec 1938 $224,599 $170,000 $107 1889 6873 1591 73 97.30% 2006 Jan 1563 $227,755 $167,000 $109 3165 7143 1942 77 96.70% 2006 Feb 1698 $226,040 $169,050 $108 2906 7377 2127 71 97.30% 2006 Mar 2313 $231,775 $167,000 $111 3689 7811 2793 68 97.30% 2006 Apr 2172 $234,601 $174,000 $112 3769 8123 2943 58 97.70% 2006 May 2616 $237,136 $174,480 $114 3812 8172 3295 59 97.90% 2006 Jun 2993 $241,408 $179,000 $113 3951 8477 3286 57 97.90% 2006 Jul 2704 $243,512 $178,000 $115 3732 8368 3076 59 97.40% 2006 Aug 2794 $241,200 $180,500 $114 3283 8137 2891 60 97.30% 2006 Sep 2341 $228,411 $167,500 $111 2940 8203 2332 58 97.50% 2006 Oct 2094 $230,502 $175,000 $110 3074 7947 2417 67 97.50% 2006 Nov 1939 $235,305 $172,000 $113 2340 7354 2148 68 97.10% 2006 Dec 1976 $237,561 $177,000 $112 1827 6852 1852 70 96.90% 2007 Jan 1467 $242,001 $175,120 $116 2766 7060 2186 75 96.90% 2007 Feb 1724 $234,198 $176,000 $113 3076 7334 2499 69 97% 2007 Mar 2301 $245,223 $177,000 $117 3829 7776 2934 64 97.10% 2007 Apr 2294 $250,459 $185,000 $119 3944 8354 3016 58 97.60% 2007 May 2688 $249,717 $183,160 $118 4146 8821 3125 55 97.70% 2007 Jun 2766 $259,438 $191,380 $122 3899 9159 2789 53 97.70% 2007 Jul 2616 $257,526 $189,900 $123 3670 9451 2573 55 97.20% 2007 Aug 2487 $259,692 $191,000 $121 3806 9819 2196 58 97.10% 2007 Sep 1808 $253,084 $182,840 $121 2953 9979 1695 60 96.20% 2007 Oct 1742 $242,419 $180,830 $116 3157 9431 1953 69 96.40% 2007 Nov 1603 $249,119 $185,000 $117 2448 8069 1278 68 95.80% 2007 Dec 1655 $251,641 $191,250 $117 1742 8279 954 78 96% Year Units Average Median Price/ New Active Pending DOM List to Sold Price Price SQFT Listings Listings Sales Price Ratio 1999 16388 $181,329 $137,068 $96 2016 3447 1511 42 98.49% 2000 16982 $195,890 $146,025 $104 2061 3364 1518 38 98.83% 2001 16462 $197,546 $152,408 $105 2679 6444 1419 45 97.43% 2002 17057 $202,718 $156,396 $104 2980 8027 1485 58 96.43% 2003 18230 $200,639 $156,173 $102 3179 9394 1613 67 96.23% 2004 20937 $201,517 $154,778 $100 3496 9410 1916 73 96.58% 2005 24544 $213,874 $162,963 $104 3106 8122 2145 71 97.12% 2006 27203 $234,601 $173,378 $112 3207 7830 2592 64 97.38% 2007 25151 $249,543 $184,040 $118 3286 8628 2267 64 96.89%

Market Reminders When a market shifts, the initial turn can feel shocking. In Oct. ’07, Dee predicted a stabilization within 3-6 months, which has proven true. Buyers should purchase during a “buyer’s market”, when sellers will be most realistic and willing to provide incentives. Austin sellers can sell in 90-120 days if they price aggressively, use staging, and price well. The Austin Market seems to have picked up in January due to improved mortgage rates and loan packages. “This who Can buy...are now buying.” **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

Stats and Resources The TexasRealtyBlog.com The Texas A&M Resource Center www.recenter.tamu.edu Austin Board of REALTORS®. www.ABOR.com MetroTex Association of REALTORS® www.DFWrealtors.com Houston Board of REALTORS® www.HAR.com San Antonio Board of REALTORS® www.SABOR.com

Greater Austin Annual Market Update Visit TexasRealtyBlog.com for Latest News THANK YOU Feel free to contact us! www.CopelandGroupRealty.com 512-697-9140 Copeland Group @ Keller Williams Realty Your Central Texas Experts **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com

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