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Area 2 in Austin is defined as all properties between Mopac & I-35 (East/West Border) and 2222 & 183 (North/South Border).

Area 2 has 148 properties for sale as of January 21, 2008.  The average List Price is $230,364 which equates to an average $183/sf.

 

	Beds	Baths	Sq.Ft.	List Price	List Price/Sq.Ft.
High	5	4	2,904	$649,000	$317
Low	1	1	576	$79,500	$95
Average	2	2	1,247	$230,364	$183
Median	3	1	1,222	$227,900	$178

Are you considering moving?  Do you want to monitor a specific area for home prices?  Just ask me and I can set you up a website to review listings in your area of interest.

Cheers -

Darcie

darcie@darcieshannon.com

Areas 6 & 7 in Austin are defined as all properties between Mopac & I-35 (East/West Border) and North of Town Lake & South of 290/71.

Areas 6 & 7 have 129 single family homes for sale as of January 28, 2008.  The average List Price is $497,084 which is an average $276/sf.

	Beds	Baths	Sq.Ft.	List Price	List Price/Sq.Ft.
High	8	4	5,223	$1,275,000	$679
Low	0	1	560	$179,900	$135
Average	3	2	1,867	$497,084	$279

Find out more about what is happening in real estate for the Austin area.  Contact me anytime!

Cheers -

Darcie

512.944.0485 (direct) 

Area 4 is defined as all homes between Mopac & I-35 (East/West Border) and 2222 and 35th Street (North/South Border).

As of January 21, 2008, there are currently 153 active listings in area 4.  The average List Price per Square foot is $241 with an average list price of $373,704.

	Beds	Baths	Sq.Ft.	List Price	List Price/Sq.Ft.
High	8	6	4,178	$1,100,000	$411
Low	0	0	373	$99,000	$134
Average	3	2	1,582	$373,704	$241
Median	3	2	1,348	$332,500	$240

Don't see the market information you are looking for?  Just ask and I will get it for you.

Cheers -

Darcie

512.944.0485 (direct) 

Above is the market information for Central Austin - North of Town Lake, East of I-35, West of Lake Austin and South of 290 which is defined as areas 1B, DT, UT and 4 for home sales in December 2007. 

If your area is not listed above and you would like to know the statistics please contact me and I'd be happy to post.

Cheers to a fantastic 2008 ahead!

Darcie

darcie@darcieshannon.com

512.944.0485 (direct)

Summary of Activity Price Activity 1-year Appreciation 3-year Appreciation	Austin-Round Rock   5.6% 17.5%	U.S. Average   -1.1% 15.4%
Affordability   Current Mortgage Servicing Cost to Income Historical Local Average	14% 14%	22% 22%
Foreclosure Rate State Foreclosure Rate State Prime Loan Foreclosure Rate State Subprime Foreclosure Rate	1.2% 0.5% 4.1%	1.4% 0.6% 5.5%
Local Fundamentals
1-year Job Additions 3-year Job Additions	33,000 81,300	Not Comparable
1-year Job Growth Rate 3-year Job Growth Rate	4.6% 12.2%	1.4% 5.0%

Home Prices in Austin metro region rose 5.6% in 2nd Qtr 2007 - the strongest increase since prices jumped 14.6% in 2000.  A rise in mortgage rates in early 2006 has no doubt held back some buyers.  Surprisingly though, sales and prices will remain robust.

Despite the general downturn in the national housing market, local home prices remain positive.  This is because unlike past local housing downturns, which were accompanied by severe job cuts, the local economy continues to add jobs.

The outlook is positive.  The Austin housing market is doing remarkably well.  Sales and prices will remain robust through 2008.

Source: National Association of Realtors, Market Research 2007

Wishing you all a Happy New Year!

Darcie Shannon

512-944-0485 (direct)

darcie@darcieshannon.com