Goldwasser | Cottrell Relocation | | Austin Real Estate Market Exec Summary

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  • 8/7/2019 Goldwasser | Cottrell Relocation | www.AustinTexasRealEstateToday.com | Austin Real Estate Market Exec Summary

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    10 392900

    1432.0 22

    3.0

    53

    150

    3.0 949

    135

    60

    51

    0.50 - 1.0acre

    29

    $ 221,900

    53

    60

    949

    4.0

    6,501 -8,000 sqft

    612.5

    12996,501 -

    8,000 sqft

    949

    $ 139,900

    4.0

    199

    8,001 -10,000 sqft$ 365,900

    4.0$ 799,000

    16

    65

    2191

    Prices continue their climb again this week. We're a long wafrom the market's price high-point so watch the Market ActiIndex as an indicator of how long this trend will last.

    Inventory levels have been relatively consistent relative to sales.Despite the fact that there is a relatively high amount of available

    inventory, this Buyer's market is still seeing prices move higher.Given inventory levels, these price conditions are relatively fragile.If the market cools off further, the price trend is likely to reverse.

    With inventory, days-on-market, and the Market Action Index allrecently plateaued, the market is not sending strong directionalsignal for the near-term outlook.

    AUSTIN, TXGoldwasser Real EstateExecutive Summary

    948

    1666

    2.0

    Monday February 21, 2011

    The median list price in AUSTIN, TX this week is $279,000.

    Investigate the market in quartwhere each quartile is 25% of hordered by price.

    Most expensive 25% of properties

    Upper-middle 25% of properties

    Lower-middle 25% of properties

    Least expensive 25% of properties

    Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

    Goldwasser Real Estate | 512-420-0300

    No change Strong upward trend Strong downward t

    Slight upward trend Slight downward tr

    + ==

    =

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    Single Family Homes

    Median Lot Size

    16.7

    Percent Relisted (reset DOM)

    1659

    2.5

    5 %

    Median Number of Bathrooms

    156

    Median List Price

    Average Days on Market (DOM)

    $ 153

    Percent Flip (price increased)

    8,001 - 10,000 sqft

    Median House Size (sq ft)

    $ 279,000

    36 %

    3.0

    Market Action Index

    Median Number of Bedrooms

    Asking Price Per Square Foot

    10 %

    Percent of Properties with Price Decrease

    Strong Buyer's

    ==

    ==

    +

    +

    ttom/Fourth

    Lower/Third

    pper/Second

    Top/First

    This Week

    Supply and Demand

    Real-Time Market Profile Tren

    Price

    Price T

    Market Action Index

    The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

    QuartilesCharacteristics per Quartile

    7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

    7-Day Rolling Average 90-Day Rolling Average