Monday February 21, 2011

Goldwasser Real Estate AUSTIN, TX

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 279,000 ==
Asking Price Per Square Foot $ 153 ==
The median list price in AUSTIN, TX this week is $279,000. Average Days on Market (DOM) 156 ±+
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 10 %
With inventory, days-on-market, and the Market Action Index all
recently plateaued, the market is not sending strong directional Percent Flip (price increased) 5%
signal for the near-term outlook. Median House Size (sq ft) 1659
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Buyer's 16.7 ±+

Inventory levels have been relatively consistent relative to sales. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Despite the fact that there is a relatively high amount of available
inventory, this Buyer's market is still seeing prices move higher. = Slight upward trend ≠ Slight downward trend
Given inventory levels, these price conditions are relatively fragile.
If the market cools off further, the price trend is likely to reverse.

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

Price Trends

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

The Market Action Index answers the question "How's the

Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 799,000 2900 acre 4.0 4.0 10 948 60 39 199 Most expensive 25% of properties

8,001 -
Upper/Second $ 365,900 2191 10,000 sqft 4.0 2.5 16 949 60 61 150 Upper-middle 25% of properties

6,501 -
Lower/Third $ 221,900 1666 8,000 sqft 3.0 2.0 22 949 53 51 143 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 139,900 1299 8,000 sqft 3.0 2.0 29 949 53 65 135 Least expensive 25% of properties

Goldwasser Real Estate | 512-420-0300

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