2009 is going to be GREAT for Real Estate! Interest rates have hit an all time low. That could be savings of over $100/month. Homes sales and prices have fallen again but is there light at the end of the tunnel? I think so! North Austin is a great place to raise a family and own investment property. Interest rates are still very attractive and though changes in lending requirements have made it harder for buyers to qualify there are still many good loan programs available including a 103% loan program.
Homes currently under contract are down by 36%+, recent sales are down 38%+ and the average sold price has decreased by %13+ to $223,971. The amount of homes available for sale has increased to over 12,000. But that's only an increase of 4.83% compared to last year this same time which is not that bad given our current economy and housing market.
What does this mean? Home owners have decided to wait til next year to put their homes on the market, they have decided to refinance or just stay put. This is good because those homes that are on the market now will have a better chance of selling sooner due to less competition. This also means home sales could start to stabilize which will allow for an increase in home prices in months to come.
For more information about the Austin real estate market or for a list of available properties, please call 512-794-9914 or 512-345-1919 or visit our website at www.premiereteam.com.
Location Characteristics: North Austin area has been in demand for years. Most of which is due to good schools and close to downtown. There are many things to do and lots of shopping around. There is also a good mixture of older and newer homes. There are many large Oak and other type trees throughout the area as well. It is also in high demand due to the high quality newer built homes and condos plus is close to everything including the Domain (our newest high end shopping plaza). It even has easy access to the new toll roads cutting your driving time almost in half. For a FREE list or current and upcoming homes in this area, a FREE HOME VALUE CHECK or for a guaranteed loan, call 512-795-9918 or visit us at www.premiereteam.com.
About Mike Cusimano:
I'm a Broker Associate & Trainer with Keller Williams Realty, Austin's # 1 Real Estate Company. I have been ranked as one of the TOP REALTORS in Austin since 1995. My team members have been hand selected and together we make buying or selling homes a smooth transaction for all of our clients. We have helped over 2300 families buy or sell homes and we continue to grow; mostly by referral. We want to be your real estate agent. A 3 to 5 minute phone call is all it will take and we'll even pay for any long distance charges. To speak to one of our agents now or to obtain a FREE list of available homes that meet your criteria via email, call 512-794-9914 or 512-345-1919. For information about selling your home or about our Move up, Flexible Commission or Guaranteed Sale Programs, call 512-795-9918 or visit our website at www.premiereteam.com.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
