Austin Real Estate News

The National Association of Realtors reported today that nationwide, home sales are up 7.2%, for a fourth consecutive month of national home sale increases. The Austin board of Realtors reported positive news for July sales as well. Austin home sales volume for 2009 is equal to the 2008 volume for the first time this year while the median home price is only slightly lower than the median price in July 2008.

You can read more about the national report at “July Home Sales Surge More than 7 Percent” on Yahoo Finance.

For more on Austin’s market in July, see the information below from the Austin Board of Realtors:

Austin-area home sales volume continues momentum, reaches 2008 pace for July
Austin Board of REALTORS® releases July 2009 real estate statistics

August 20, 2009 – According to the July 2009 Multiple Listing Service report by the Austin Board of REALTORS®, the volume of Austin-area home sales reached 2008 levels for the first time this year.

In July 2009, 2,069 homes were sold, statistically unchanged from the 2,068 homes sold in July 2008. The median home price for Austin in July 2009 was $191,500, a two percent decrease from the same month the prior year.

“The sales volume momentum in Austin continues, now reaching 2008 levels. That’s good news, but I think it’s even better news that we’ve achieved that increase while maintaining a steady median home price,” said Jay Gohil, chairman of the Austin Board of REALTORS®. “Throughout 2009, the median price has fluctuated only slightly compared to 2008.  Looking back further, prices have remained above 2007 levels, one of the most lucrative years of the last decade in Austin real estate. That long-term price stability, particularly in the face of market fluctuations, bodes well for Austin’s future.”

July 2009 Statistics
$508,810,549 was the dollar volume of single-family properties sold

$191,500 was the median price, a two percent decrease from one year ago

2,069 was the number of homes sold, unchanged from July 2008

The Austin Board of REALTORS® is a non-profit, voluntary organization representing more than 8,000 licensed REALTORS® in Central Texas.

If West Austin is an area in which you are interested, be sure to check out our two new West Austin Neighborhood Profiles: Stratford Drive and Travis Country.

Stratford Drive is one of Austin’s most exclusive areas to call home thanks to an incredible location along Lake Austin between Mopac and Red Bud Trail. Magnificent homes and views are found here in the neighborhoods of Stratford Hills, Stratford Place, and Bluffington – Stratford Drive. Learn more about these incredible communities in West Austin on our new Stratford Drive Neighborhood Profile.

Travis Country is a great neighborhood for families with lots of greenspace, parks, and amenities. Located at the south end of Southwest Parkway, Travis Country residents enjoy a suburban feel in an established neighborhood close to central Austin. Learn more by reading our Travis Country Neighborhood Profile.

The Realtors at Great Austin Properties hope to assist you with your next Austin real estate transaction. Call us 512.600.1800 to tour homes today, or for information on selling your Austin area home.

Are you a fan of our Neighborhood Quick Search but would love to have the Quick Search sorted by region rather than neighborhood name? Well, we’ve added this feature to our site! Check it out on the main page of our Austin Neighborhoods Guide. Look for the dropdown box on the Austin Neighborhoods Guide page as shown in the image below:

Another helpful page on our site is our Site Map. Our site map let’s you quickly see all of the neighborhoods by region for which we have a Neighborhood Profile. Check out the AustinHomeListings.com Site Map with this link (or from the Site Map link at the bottom of every page of AustinHomeListings.com) and let us know if there are neighborhoods for which you would like more information.

We have added five new quick search links for North Central Austin. You can now easily search for homes for sale in these additional North Central Austin Neighborhoods:

Gracywoods
Northwood
The Reserve at Northwood
Skyview
Wells Branch

Use the links above to search, or use the Quick Search tool found in the upper right hand corner of every page of AustinHomeListings.com.

Let us know how we can help even more to simplify your Austin Home Search! The Realtors at Great Austin Properties are ready to assist you. Call today at 512.600.1800!