Comments on: Austin Leasing Stats – August 2006 Update http://crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/ Austin Real Estate Blog Tue, 07 Sep 2010 05:12:19 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Steve Crossland http://crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/comment-page-1/#comment-284 Steve Crossland Tue, 12 Sep 2006 03:08:52 +0000 http://ben.crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/#comment-284 > have large homes/lots seen a larger increase than small homes/lots? It would be hard to test for that since the necessary MLS field showing lot size is not reliable. Many agents leave the lot deminsions blank in the listing because the lot deminsions do not always auto-populate properly. Off the top of my head, with no data, I'd have to say I don't think the McMansion ordinance is going to be detrimental to the resell value of older central homes on smaller lots. Steve > have large homes/lots seen a larger increase than small homes/lots?

It would be hard to test for that since the necessary MLS field showing lot size is not reliable. Many agents leave the lot deminsions blank in the listing because the lot deminsions do not always auto-populate properly.

Off the top of my head, with no data, I’d have to say I don’t think the McMansion ordinance is going to be detrimental to the resell value of older central homes on smaller lots.

Steve

]]> By: Atxdude http://crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/comment-page-1/#comment-283 Atxdude Tue, 12 Sep 2006 01:22:02 +0000 http://ben.crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/#comment-283 Aww, Contrarian, don't feel bad because you missed out on the Milago or other similar projects. I read your blog, and I believe the wealthy will always pay extra to live where they want to live, instead of saying "oh well" and bying cheap homes on the outskirts. To prove my point, I will say that for several months now, MLS area 10 has been the fastest selling and appreciating area of town (that's from the ABOR statistics). They also have some of the most affordable housing. If anything, it's not the "McMansions" (a term coined by the jealous who can't afford them) or downtown condos that are the problem, it's the bargain hunting invetors from Cali. Aww, Contrarian, don’t feel bad because you missed out on the Milago or other similar projects. I read your blog, and I believe the wealthy will always pay extra to live where they want to live, instead of saying “oh well” and bying cheap homes on the outskirts.

To prove my point, I will say that for several months now, MLS area 10 has been the fastest selling and appreciating area of town (that’s from the ABOR statistics). They also have some of the most affordable housing. If anything, it’s not the “McMansions” (a term coined by the jealous who can’t afford them) or downtown condos that are the problem, it’s the bargain hunting invetors from Cali.

]]> By: AustinContrarian http://crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/comment-page-1/#comment-282 AustinContrarian Mon, 11 Sep 2006 19:04:58 +0000 http://ben.crosslandteam.com/blog/2006/09/11/austin-leasing-stats-august-2006-update/#comment-282 Thank you for taking the time to post these stats. I check your 2005/2006 home sales data periodically. You may have no interest in this or time to do it, but it would be very interesting to know whether the McMansion ordinance has had a discernible effect on home sales in central Austin. That is, if you broke out 2005/2006 home sales by neighborhood and home or lot size, have large homes/lots seen a larger increase than small homes/lots? Thank you for taking the time to post these stats. I check your 2005/2006 home sales data periodically.

You may have no interest in this or time to do it, but it would be very interesting to know whether the McMansion ordinance has had a discernible effect on home sales in central Austin. That is, if you broke out 2005/2006 home sales by neighborhood and home or lot size, have large homes/lots seen a larger increase than small homes/lots?

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