It is a great time to look at our market to buy a home while interest rates are still at historically low levels.
The following statistics are for single family homes in the following price points:
In our area (LS), by price band % P+S 9/1/2008-11/20/2008 Active Pending Sold vs total Active $500-$550K 50 5 8 16% $550-$600K 38 3 5 11% $600-$650K 30 1 3 10% $650-$700K 46 2 2 4%
What's interesting is that certain price categories are more active than others. So, if you are considering selling your home, you may want to use this type of information in determining price. For instance, rather than pricing your home at $669K, you may be better to price it at $649K because there are fewer competing properties and more buyers.
Or, rather than pricing at $575K, you want want to be at $545K even though there are more properties in that price band because there have been more sales and thus, more active buyers.
Basically, if you genuinely want to sell your property, you want to put yourself in the best position possible from Day 1. In this market, you do not want to price high and then lower your price. Put at aggressive price on the property to start and don't miss any of the Buyers who are out there.....
For more information , contact Sue Ellett, Coldwell Banker United, Realtors 512-422-7182
(information was deemed to be correct at the time of publishing & was compiled using data from the Austin MlS system. All information should be independently verified). Sue Ellett, Broker-Associate Paragon Property Group, Keller Williams Realty www.ppgtx.com 512-422-7182
ZIP Codes: 78734, 78738 Approximate Location Boundaries: Lake South Area - Lakway, Bee Cave, parts of Spicewood
Location Characteristics: Our Area is located West of Austin on the shores of Lake Travis, and includes Lakeway, Bee Cave, and parts of Spicewood, TX. We have both permanent residents and second home owners. We are located in the Lake Travis Independent School District, which is highly rated.
About Sue Ellett, Broker-Associate:
As a Broker-Associate serving the Texas Hill Country around Austin, Texas, my territory spans from Austin to Burnet & includes all 7 of our area lakes. My Team, Carol Uranga, Brooke LeMond and I look forward to assisting you with all of your Real Estate Needs. We are here to guide you through the Real Estate Process every step of the way with our knowledge of the area and the market. We provide you with the "edge" you need to make the best possible real estate decisions.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
