Austin Slower Than Folks are Letting On?
Posted in Austin Real Estate By Joe Cline, Wednesday, August 13, 2008.Well, I must say that when I look at the monthly stats from the Austin Board of Realtors, that Austin looks pretty good. Personally, I'm not having the same kind of year as last year, not even close. In speaking with some fellow agents in Austin, it's good and bad to hear that my experience with folks "backing out" of contracts of late is not a Joe-specific phenomenon.
From the ABOR:
June 2008 - Single-Family Homes
* 2,211 was the number of single-family homes sold, a 20 percent decrease from one year ago
* $200,000 was the median price for single-family homes, a four percent increase from June 2007
* $577,471,191 was the total dollar volume of properties sold, a 20 percent decrease from last year
Anyway, if you're like me, and had a few of your clients craw fish, hang in there. The market can't stay like this forever. :)
Joe
Apono Estate Homes | Davenport West homes for sale | Circle C Ranch Homes
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Submitted by Justin Britt on August 13, 2008 - 11:59am.
The same goes for Hawaii, and especially my home island of Kauai. Sales numbers looks good because a few, very high end properties are being sold. But if you take a deeper looks at the volume, you will see that the real estate market is in the tanker.
But we're still selling property!
--
Justin Britt
Head-Web-Head
Hawaii Life Real Estate Services, LLC
Kauai real estate | Real Estate Marketing
Submitted by Jeff Manson on September 12, 2008 - 1:10pm.
Hey Joe,
I have spoke to a couple agents in Austin and they said the market was pretty steady. Thanks for posting this. I always thought Austin would be a good place to invest. I guess I should wait a couple years for the market to adjust.
Jeff Manson
American Dream Realty
Personal: Big Island Hawaii real estate
Company: Hawaii homes for sale
Submitted by Richard Soto on October 16, 2008 - 4:47pm.
Sorry to hear that Joe, however I'm sure you'll finish up the year strong.
Everyone I've talked to in Austin has said its slowed down from the last several years.
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