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.
First, Second, and Third Generation Islamic Economicss
Austin Market Update January 2008
1. 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
2. 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
3. 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.
4. 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
5. Austin Trend Charts
Data compiled from:
Austin Board of REALTORS® (Dec.’07 through Jan.’08)
by Dee Copeland (DeeinAustin), Texas Licensed Broker-Associate #519683
6. 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
7. 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
8. 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
11. 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
12. 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
13. 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
14. 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
15. 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
16. 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
17. 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
18. 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
19. 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
20. 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
21. 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
22. 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
24. 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
25. 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
26. 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
27. 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
28. Have Questions?
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Real Estate Decisions!
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Copeland Group Realty
www.CopelandGroupRealty.com
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512-697-9140