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Market News and Trends

More about home prices around town

A few days ago I posted “What do you get for the ‘median price’?” and discussed the very large differences in price per square foot from one part of town to another.  That post focused on the $200,000 price range, but there are areas where it is difficult to spend that much, and others where it is almost impossible to spend that little.  Today, I’m providing a look at all sales in the Austin metropolitan area over the past 90 days, sorted by MLS Area (click image to enlarge):

Looking at all sales adds high and low price extremes that were not in the earlier sample of sales near $200,000.  This data shows even more clearly the huge variations around the metro area — Sold Price/SF in today’s sample ranges from $13 to $992!  This table shows the data behind the graph above (click image to enlarge):

As always, whether you are considering buying or selling, if you are not already represented by another real estate agent or broker, give me a call and I’ll be happy to discuss your specific situation.

About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.


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