Austin MLS Trends

Central Austin Home Prices: Brentwood

Brentwood Annual Home Sales

Brentwood is a thriving neighborhood in North Central Austin containing a great park and some original Austin landmarks like Threadgills.

Here are some statistics which show trends in the housing market for single family homes in Brentwood.

Over the last two years, home sales have slowed with sales in 2008 less than half of those in 2006. The number of listings which didn’t sell (either expired or withdrawn) has increased dramatically, and the ratio of unsuccessful listings (those that don’t sell) to successful listings (those that sell) has risen from 16% in 2006 to 110% in 2008.

Statistically in 2008 your single family home sale was more likely to fail than succeed.

Brentwood Average Home Prices

So where’s the good news? The Brentwood homes that did sell in 2008 sold with an average time on market of 38 days, which is the fastest in 5 years.  So the homes that were priced, staged and marketed correctly achieved sales quickly.

The other good news is that average selling prices are still rising in Brentwood as show above.

Useful links:

• Read more about the Brentwood Neighborhood
• see Brentwood Homes For Sale
• An updated market snapshot of Brentwood

Far South Austin Update

Austin MLS Area 10S is the area between Mopac to the West and I35 to the East. To the North is William Cannon and Slaughter Lane is to the South. Let’s take a look at sales in the area in the last five years.

On the left we see that the rise in average sold prices has slowed down in 2008. The area is still outperforming Greater Austin.

The chart on the right shows the decline in home sales in far South Austin in the last two years.

In 2008 a similar number to 2007 homes that were marketed did not sell. The proportion of listings expiring or withdrawn was higher due to the smaller number of sales.

Statistically, it was harder to sell a home in 2008 than it was in 2006 or 2007.

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Austin Home Price Data

The key thing about Austin Home Price Data is that it is very specific to the area it relates to. That’s why I offer an automated tool to review the recent market activity.

I’m a Realtor® and I have access to the MLS and a slew of tools to analyze data from it. I share some of these tools with my clients. Buyers and sellers in today’s market want to keep abreast of prices in these somewhat uncertain times. And they deserve new tools to do it with.

Check back in a few weeks when I get my market snapshot for areas in Austin up and running.

Austin MLS Trends – Market Snapshot

The Austin housing market has not been as volatile as other parts of the US in the housing crash of 2007 and 2008. In fact, median house prices in Austin have remained buoyant. Sales volume is generally lower than in previous years.

The thing about the Austin housing market is that like any home selling market, it is extremely localized. While builders in the rest of the country have ground to a halt, in Austin there are pockets of extremely liquid home sales. Such as in Mueller Austin, where buidlers are still actively constructing.

The key then is that Austin’s submarkets should be considered individually. Part of the new wave of real estate tools, real estate 4.0 is the ability to integrate graphical views of a location with recent MLS data. This is what this site is all about: Austin MLS Trends, and giving basic tools to investors, buyers and sellers with which they can analyze their target areas.

Austin Home Data

Austin Texas Homes: Want to find out what the home prices are in your area? Want to find the best deals, and spot up and comign areas? Worried that your home values have dropped?

This is the place to find out information about Austin home values – what’s happening in the market and what is happening in the MLS.