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Austin Market Update January 2008
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Austin Market Update January 2008

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The Austin market heated up since Winter 2007. Check out the latest Austin real estate market statistics from the Austin Board of REALTORS. Analyzed by Dee Copeland, broker-associate in Austin, Texas.

The Austin market heated up since Winter 2007. Check out the latest Austin real estate market statistics from the Austin Board of REALTORS. Analyzed by Dee Copeland, broker-associate in Austin, Texas.

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Austin Market Update January 2008 Austin Market Update January 2008 Presentation Transcript

  • G r e a t e r A u s t i n M L S S t a t s J a n . 2 0 0 8 Created by Copeland Group, Austin Real Estate Experts Visit DeeinAustin at CopelandGroupRealty.com
  • Austin Market Overview The Greater Austin population is currently at 1.25 Million and is slated to grow by an additional million in 10 years. Austin frequently tops many “best places to live” surveys due to our friendly atmosphere, environmental consciousness and active lifestyle. Investors and relocation buyers come to Texas due to our strong job market, affordability, and growth. Austin and Texas experienced a market shift. Due to steady growth at(2.5%-4%), we have not experienced a “bust” like other markets. hottest Areas are North South Austin, so **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  • Austin Market Summary Largest Counties: Bastrop, Caldwell, Hays, Travis and Williamson. Popular Cities: Austin, Bastrop, Buda, Cedar Park, Dripping Springs, Georgetown, Lakeway, Leander, Manor, Pflugerville, Round Rock. Average days on market for Homes Greater Austin in January were 83. South and North Austin near good schools sell in under 50 days. Sales of Homes decreased -10%, Pending Sales decreased -31%, Listings were up +25%. Expect Condos and Townhomes to sell at 120 days. Ten Hottest MLS Areas (seller’s markets): N, NW, SWE, 10S, 2, 1N, 2N, 7, SWW, 10N. Runner Ups: 10N, 1A, SC, 9.
  • For a little background... Austin Historic Market Data Y e a r E n d S t a t i s t i c s 1 9 9 9 t o 2 0 0 7
  • Austin Trend Charts Data compiled from: Austin Board of REALTORS® (Dec.’07 through Jan.’08) by Dee Copeland (DeeinAustin), Texas Licensed Broker-Associate #519683
  • Austin Units Sold-Single Family Homes 3200 1999 3000 2000 2800 2001 2002 2600 2003 2400 2004 2200 2005 2000 2006 2007 1800 1600 1400 1200 1000 800 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • Austin Home Prices Average Price Median Price $250,000 $249,543 $234,601 $215,000 $213,874 $202,718 $200,639 $201,517 $195,890 $197,546 $180,000 $181,329 $184,040 $173,378 $162,963 $156,396 $156,173 $154,778 $145,000 $152,408 $146,025 $137,068 $110,000 $75,000 1999 2000 2001 2002 2003 2004 2005 2006 2007 **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Average Days to Sell 80 73 71 67 64 64 60 58 45 40 42 38 20 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Recent Sales By Price Band G r e a t e r A u s t i n A r e a
  • Months Inventory 2007 Real 2008 Real Currently on Months Price Band % Change Buyers Buyers Market Inventory $0 - $80,000 96 61 -36.50% 236 3.9 $80,001 - $100,000 91 42 -53.80% 286 6.8 $100,001 - $150,000 465 323 -30.50% 1739 5.4 $150,001 - $200,000 382 350 -8.40% 1993 5.7 $200,001 - $250,000 215 177 -17.70% 1365 7.7 $250,001 - $300,000 146 141 -3.40% 1076 7.6 $300,001 - $400,000 150 139 -7.30% 1315 9.5 $400,001 - $500,000 68 52 -23.50% 860 16.5 $500,001-$650,000 43 35 -18.60% 626 17.9 $650,001 - $800,000 18 19 5.60% 428 22.5 $800,001 - $1,000,000 19 7 -63.20% 255 36.4 $1,000,001 + 18 20 11.10% 476 23.8
  • Real Buyers Homes Under $500k (dec) $180,000 to $189,999 $190,000 to $199,999 150 $200,000 to $249,999 $250,000 to $299,999 141 $300,000 to $399,999 120 $400,000 to $499,999 98 90 92 60 36 38 39 30 0 Number of Buyers Who Purchased **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Real Buyers Homes From $500k (Dec) 20 20 $500,000 to $599,999 $600,000 to $699,999 $700,000 to $799,999 16 $800,000 to $899,999 $900,000 to $999,999 $1,000,000 and more 12 8 7 7 7 4 4 3 0 Number of Buyers Who Purchased **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Real Buyers Homes Under $500k (Jan) $180,000 to $189,999 $190,000 to $199,999 200 $200,000 to $249,999 $250,000 to $299,999 179 $300,000 to $399,999 160 $400,000 to $499,999 146 137 120 80 55 59 40 50 0 Number of Buyers Who Purchased **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Real Buyers Homes From $500k (Jan) 30 $500,000 to $599,999 $600,000 to $699,999 $700,000 to $799,999 26 24 $800,000 to $899,999 $900,000 to $999,999 $1,000,000 and more 18 17 15 12 8 6 6 3 0 Number of Buyers Who Purchased **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Time on Market Homes Under $500k (Dec) 150 $180,000 to $189,999 145 $190,000 to $199,999 39 Units $200,000 to $249,999 $250,000 to $299,999 120 $300,000 to $399,999 114 $400,000 to $499,999 98 Units 102 3898 90 Units 92 Units 81 77 36 Units 141 Units 60 30 0 By Price Band **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Time on Market Homes From $500k (Dec) 350 $500,000 to $599,999 $600,000 to $699,999 332 $700,000 to $799,999 7 Units $800,000 to $899,999 280 292 $900,000 to $999,999 4 Units $1,000,000 and more 261 3 Units 227 210 7 Units 197 193 20 Units 7 Units 140 70 0 By Price Band **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Time on Market Homes Under $500k (Jan) 200 $180,000 to $189,999 $190,000 to $199,999 190 $200,000 to $249,999 59 Units $250,000 to $299,999 160 $300,000 to $399,999 $400,000 to $499,999 120 113 146 Units 100 500 Units 97 137 Units 80 89 179 Units 80 55 Units 40 0 By Price Band **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Time on Market Homes From $500k (Jan) 700 $500,000 to $599,999 679 $600,000 to $699,999 3 Units $700,000 to $799,999 $800,000 to $899,999 560 $900,000 to $999,999 $1,000,000 and more 420 418 17 Units 365 8 Units 316 280 15 Units 269 6 Units 240 26 Units 140 0 By Price Band **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Odds of Selling Your Home Price Band Real Buyers #Homes for Sale Odds $180,000 to $189,999 55 289 19% $190,000 to $199,999 50 329 15% $200,000 to $249,999 179 1,043 17% $250,000 to $299,999 137 878 16% $300,000 to $399,999 146 1,082 13% $400,000 to $499,999 59 736 8% $500,000 to $599,999 26 411 6% $600,000 to $699,999 15 312 5% $700,000 to $799,999 8 192 4% $800,000 to $899,999 3 134 2% $900,000 to $999,999 6 106 6% $1,000,000 and more 17 467 4% **Greater Austin MLS Data from January ‘08. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Hottest Areas within Austin City Limits Hotness Pending Active Days to Area Area Description Sales Ratio** Sales Listings Sell N Suburban North 45.9 28 26 61 22 NW Suburban Northwest 42.3 41 33 97 25 SWE Southwest (Eastern) 39.2 49 40 125 34 10S South 38.5 42 36 109 25 2 Central North 36.8 28 19 76 35 1N North 35.3 24 21 68 22 2N Urban North 34.3 24 21 70 41 7 Central South 33.3 8 11 24 32 SWW Southwest (Western) 30.9 38 38 123 30 4 Central 29 29 24 100 51 11 South (Far East) 26.4 19 19 72 41 10N South (Northern) 26.1 18 19 69 39 SC Suburban South 23.1 15 15 65 55 Central **Hotness is Percentage of Actual Sales to Active Listings January’08. Receive our Market Update Newsletter at TexasRealEstateUpdate.com
  • Market Reminders When a market shifts, the initial turn can feel shocking. In Oct. ’07, Dee predicted a stabilization within 3-6 months, which has proven true. Buyers in Hot Areas should be aware of the days on market of a home so they can write a strong offer. Sellers in hot areas may mistakenly think they are in a “buyer’s market”, so those buyers can negotiate a good deal. The Austin Market became brisk in February due to improved mortgage rates and loan packages. Buyers will compete in North and South Austin. **All Rights Reserved, Copyright Dee Copeland 2008. Receive our Market Update NEwsletter at TexasRealEstateUpdate.com
  • Stats and Resources The TexasRealtyBlog.com The Texas A&M Resource Center www.recenter.tamu.edu Austin Board of REALTORS®. www.ABOR.com MetroTex Association of REALTORS® www.DFWrealtors.com Houston Board of REALTORS® www.HAR.com San Antonio Board of REALTORS® www.SABOR.com
  • About DeeinAustin I n C a s e y o u W e r e Wo n d e r i n g . . .
  • Meet DeeinAustin The Real Estate CEO Texas Investor Since 2003. Project Manager & Business Analyst. Austin and Texas Community Advocate. Real Estate Educator and Writer. Marketing Expertise: Luxury Homes, Builder & Developer Representation, Mobile Technology. Turnkey Investment Strategist: Wholesaling, Private Funding, Infill Development, Joint Ventures, Syndicates, & Repositioning. Dee Copeland **All Rights Reserved, Copyright Dee Copeland 2008. Get our e-NEwsletter TexasRealEstateUpdate.com
  • Basic Background Dee Copeland (DeeinAustin) was born and raised in San Antonio, Texas. She graduated in the top 15% of her Judson High School class of over 700. As a first-generation college student, Dee worked full-time to obtain her Bachelor of Arts in Communications from Texas State University. Summer 1999, began work at Apple, Inc in Austin. Duties: technical team management, coaching and training, global projects, business analysis, process implementation & improvement. Purchased first investment duplex 2003. Licensed in Texas since 2004. Joined Keller Williams Realty August 2004 to build a real Dee Copeland estate practice and be a catalyst for change in the **All Rights Reserved, Copyright Dee Copeland 2008. Get our e-NEwsletter TexasRealEstateUpdate.com
  • Community Leadership Mueller Austin Redevelopment (700+ acres) Advisory Commission for Austin City Council 2007-2009. Austin Board of REALTORS® Grievance Committee Member 2007 and 2008. Texas Association of REALTORS® Land Use and Transportation Task Force 2008. Leadership Austin Essentials Graduate and Big Austin Business Advisor 2008. National Association of REALTORS® Young Professionals Advisory Board 2008. **All Rights Reserved, Copyright Dee Copeland 2008. Get our e-NEwsletter TexasRealEstateUpdate.com
  • Advanced Training Member, Institute for Luxury Home Marketing. and Certified Residential Specialist (CRS). Accredited Buyer Representative (ABR) and Seniors Real Estate Specialist (SRES). Accredited Seller Representative (ASR). Graduate Realtor Institute (GRI). e-Pro® Certified Technology Consultant. Upcoming: Certified International Property Specialist (CIPS). Certified Commercial Investment Member (CCIM). Dee Copeland **All Rights Reserved, Copyright Dee Copeland 2008. Get our e-NEwsletter TexasRealEstateUpdate.com
  • Have Questions? Save Time and Money When Making Critical Real Estate Decisions! Contact Dee... Copeland Group Realty www.CopelandGroupRealty.com Or Call Our Office Today... 512-697-9140