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Austin Real Estate Market Sales Update - 2006 Summary
January 29, 2007
Below are the sales stats for December 2006 as well as a 2005/2006 comparison summary. This month, on the chart directly below, I’ve added Duplex sales and Townhome sales so you can see how those track over time compared to single family homes.
2006 was a very strong year for the real estate market in Austin and I expect 2007 will be more of the same. December average sales prices were up 6.6% (less than the year as a whole), but 2006 over 2005 saw an average price appreciation of 9.5% overall, and a median price appreciation of 6.2%. Eliminating New Home sales from the stats reduced the gains somewhat, to 8.3% appreciation for average sales price of resale homes, and 5.8% appreciation for the median prices. More on that below.
In general, closer in areas appreciated much better than the further out areas, which is why we’ve tried to keep our investor buyers closer to Austin when possible.
Below is the December comparison for last month and last year.
|
Nov 2006
|
Dec 2006
|
Dec 2005
|
Yr % Change
|
|
| # Sold |
1827
|
1834
|
1864
|
-1.6%
|
| Avg List Price |
$245,951
|
$249,474
|
$232,872
|
7.1%
|
| Median List Price |
$179,900
|
$183,756
|
$175,000
|
5%
|
| Avg Sold Price |
$238,822
|
$241,558
|
$226,606
|
6.6%
|
| Med Sold Price |
$175,000
|
180,000 |
$172,132
|
4.6%
|
| Avg Size SQFT |
2096
|
2146
|
2105
|
1.9%
|
| Median SQFT |
1897
|
1962
|
1905
|
3.0%
|
| Avg $ per SQFT |
$114
|
$113
|
$108
|
4.6%
|
| Avg Days on Mkt |
68
|
70
|
72
|
-2.8%
|
| Median Days on Mkt |
45
|
48
|
49
|
-2.0%
|
Below is the 2005/2006 comparison summary.
|
All 2006
|
All 2005
|
Yr % Change
|
|
| # Sold |
26,138
|
23,829
|
9.7%
|
| Avg List Price |
$245,211
|
$225,319
|
8.8%
|
| Median List Price |
$179,900
|
$169,900
|
5.9%
|
| Avg Sold Price |
$239,818
|
$218,976
|
9.5%
|
| Med Sold Price |
$176,000
|
$165,700
|
6.2%
|
| Avg Size SQFT |
2113
|
2084
|
1.4%
|
| Median SQFT |
1921
|
1898
|
1.1%
|
| Avg $ per SQFT |
$114
|
$105
|
8.6%
|
| Avg Days on Mkt |
63
|
94
|
-14.9%
|
| Median Days on Mkt |
39
|
59
|
-22%
|
Below is a 2005/2006 comparison summary that excludes new homes sold through the MLS. For a while, I’ve suspected that new homes skew the MLS numbers, but I’ve never known for sure to what degree. This month I decided to find out. It looks to me like the new homes sales that builders run through the MLS inflate the prices and increase the days on market of the sales stats.
Since appreciation necessarily relates to the rise in value of an existing home, and you’re home will never be sold as a new home, I believe the chart below is a more accurate representation of the price increases in Austin for existing resale homes. Including new homes, however, does show the price points that the overall market and the different MLS areas can bear at any given time, and it is in fact reflective of the average price of homes sold in an area and overall, so I’m not sure eliminating new home sales from the MLS stats would be the right thing to do either. I’ll be thinking of a good way to report this in coming months. I may just report it both ways as I’m doing this month.
|
All 2006
|
All 2005
|
Yr % Change
|
|
| # Sold |
20,933
|
18,445
|
13.5%
|
| Avg List Price |
$237,192
|
$219,603
|
8.0%
|
| Median List Price |
$175,000
|
$165,900
|
5.5%
|
| Avg Sold Price |
$231,647
|
$213,914
|
8.3%
|
| Med Sold Price |
$173,500
|
$164,000
|
5.8%
|
| Avg Size SQFT |
2063
|
2049
|
0.7%
|
| Median SQFT |
1878
|
1868
|
0.5%
|
| Avg $ per SQFT |
$112
|
$104
|
7.7%
|
| Avg Days on Mkt |
56
|
63
|
-11.11%
|
| Median Days on Mkt |
34
|
41
|
-17.1%
|
I’m not able to post the breakout by MLS area at this time. I formatted it differently, in what I think will be a much better way to present the stats, but the blog doesn’t like the code and won’t display it properly. Hopefully I’ll get that fixed soon. Meanwhile, I put it in pdf format which you can download or view by clicking here. I have more I want to say about these stats and I’ll do so later when I get the formatting issue resolved.
Update: It’s not pretty, but I have figured out how to export my excel sheet into an html format that displays properly in the blog. MLS breakdown by area is below.
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
ALL Areas
|
2006
|
26,138
|
$239,818
|
$176,000
|
2,113
|
$113.50
|
63
|
1988
|
|
Combined
|
2005
|
23,829
|
$218,976
|
$165,700
|
2,084
|
$105.07
|
70
|
1987
|
|
Change
|
9.69%
|
9.52%
|
6.22%
|
1.39%
|
8.01%
|
-10%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
Area 1A
|
2006
|
336
|
$475,767
|
$423,500
|
2,748
|
$173.13
|
75
|
1978
|
|
2005
|
307
|
$417,564
|
$370,000
|
2,730
|
$152.95
|
84
|
1979
|
|
|
Change
|
9.45%
|
13.94%
|
14.46%
|
0.66%
|
13.19%
|
-11%
|
-1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
Area 1B
|
2006
|
592
|
$532,079
|
$449,950
|
2,167
|
$245.54
|
62
|
1954
|
|
2005
|
622
|
$466,095
|
$378,500
|
2,020
|
$230.74
|
60
|
1952
|
|
|
Change
|
-4.82%
|
14.16%
|
18.88%
|
7.28%
|
6.41%
|
3%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
Area 1N
|
2006
|
663
|
$281,613
|
$246,650
|
2,199
|
$128.06
|
38
|
1985
|
|
2005
|
652
|
$256,226
|
$227,500
|
2,215
|
$115.68
|
49
|
1985
|
|
|
Change
|
1.69%
|
9.91%
|
8.42%
|
-0.72%
|
10.71%
|
-22%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
Area 2
|
2006
|
509
|
$222,541
|
$218,000
|
1,389
|
$160.22
|
35
|
1958
|
|
2005
|
464
|
$193,472
|
$187,800
|
1,362
|
$142.05
|
40
|
1957
|
|
|
Change
|
9.70%
|
15.02%
|
16.08%
|
1.98%
|
12.79%
|
-12.50%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
Area 2N
|
2006
|
396
|
$136,531
|
$129,450
|
1,504
|
$90.78
|
46
|
1973
|
|
2005
|
366
|
$125,789
|
$120,300
|
1,528
|
$82.32
|
59
|
1975
|
|
|
Change
|
8.20%
|
8.54%
|
7.61%
|
-1.57%
|
10.27%
|
-22.03%
|
-2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
3
|
2006
|
392
|
$171,718
|
$155,000
|
1,468
|
$116.97
|
40
|
1960
|
|
2005
|
421
|
$154,133
|
$142,500
|
1,452
|
$106.15
|
47
|
1960
|
|
|
Change
|
-6.89%
|
11.41%
|
8.77%
|
1.10%
|
10.19%
|
-14.89%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
3E
|
2006
|
132
|
$108,091
|
$106,662
|
1,350
|
$80.07
|
75
|
1995
|
|
2005
|
121
|
$96,068
|
$95,100
|
1,283
|
$74.88
|
68
|
1992
|
|
|
Change
|
9.09%
|
12.52%
|
12.16%
|
5.22%
|
6.93%
|
10.29%
|
3
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
4
|
2006
|
260
|
$303,516
|
$275,250
|
1,388
|
$218.67
|
47
|
1942
|
|
2005
|
245
|
$266,653
|
$227,000
|
1,396
|
$191.01
|
65
|
1945
|
|
|
Change
|
6.12%
|
13.82%
|
21.26%
|
-0.57%
|
14.48%
|
-27.69%
|
-3
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
5
|
2006
|
419
|
$152,472
|
$137,000
|
1,166
|
$130.77
|
58
|
1958
|
|
2005
|
327
|
$117,976
|
$108,300
|
1,172
|
$100.66
|
52
|
1957
|
|
|
Change
|
28.13%
|
29.24%
|
26.50%
|
-0.51%
|
29.90%
|
11.54%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
5E
|
2006
|
113
|
$111,998
|
$107,500
|
1,530
|
$73.20
|
49
|
1995
|
|
2005
|
112
|
$98,212
|
$98,750
|
1,542
|
$63.69
|
69
|
1996
|
|
|
Change
|
0.89%
|
14.04%
|
8.86%
|
-0.78%
|
14.93%
|
-28.99%
|
-1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
6
|
2006
|
309
|
$332,852
|
$295,000
|
1,543
|
$215.72
|
59
|
1958
|
|
2005
|
283
|
$272,149
|
$250,000
|
1,425
|
$190.98
|
53
|
1953
|
|
|
Change
|
9.19%
|
22.31%
|
18.00%
|
8.28%
|
12.95%
|
11.32%
|
5
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
7
|
2006
|
123
|
$356,935
|
$335,000
|
1,692
|
$210.95
|
44
|
1959
|
|
2005
|
120
|
$314,310
|
$292,500
|
1,682
|
$186.87
|
44
|
1960
|
|
|
Change
|
2.50%
|
13.56%
|
14.53%
|
0.59%
|
12.89%
|
0.00%
|
-1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
8E
|
2006
|
286
|
$781,485
|
$609,550
|
3,440
|
$227.18
|
83
|
1986
|
|
2005
|
285
|
$697,110
|
$550,000
|
3,367
|
$207.04
|
76
|
1985
|
|
|
Change
|
0.35%
|
12.10%
|
10.83%
|
2.17%
|
9.72%
|
9.21%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
8W
|
2006
|
431
|
$633,849
|
$472,000
|
3,343
|
$189.60
|
68
|
1992
|
|
2005
|
423
|
$486,980
|
$415,000
|
3,127
|
$155.73
|
66
|
1992
|
|
|
Change
|
1.89%
|
30.16%
|
13.73%
|
6.91%
|
21.75%
|
3.03%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
9
|
2006
|
80
|
$140,004
|
$134,648
|
1,481
|
$94.53
|
51
|
1973
|
|
2005
|
83
|
$164,843
|
$143,000
|
1,587
|
$103.87
|
54
|
1969
|
|
|
Change
|
-3.61%
|
-15.07%
|
-5.84%
|
-6.68%
|
-8.99%
|
-5.56%
|
4
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
10
|
2006
|
1459
|
$154,402
|
$148,000
|
1,561
|
$98.91
|
32
|
1983
|
|
2005
|
1333
|
$138,625
|
$134,050
|
1,547
|
$89.61
|
46
|
1983
|
|
|
Change
|
9.45%
|
11.38%
|
10.41%
|
0.90%
|
10.38%
|
-30.43%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
11
|
2006
|
316
|
$103,921
|
$100,250
|
1,311
|
$79.27
|
55
|
1986
|
|
2005
|
319
|
$98,812
|
$95,500
|
1,301
|
$75.95
|
61
|
1986
|
|
|
Change
|
-0.94%
|
5.17%
|
4.97%
|
0.77%
|
4.37%
|
-9.84%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
BA
|
2006
|
387
|
$139,909
|
$134,000
|
1,759
|
$79.54
|
77
|
1991
|
|
2005
|
417
|
$126,251
|
$124,900
|
1,734
|
$72.81
|
85
|
1990
|
|
|
Change
|
-7.19%
|
10.82%
|
7.29%
|
1.44%
|
9.24%
|
-9.41%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
BL
|
2006
|
56
|
$211,207
|
$145,000
|
1,796
|
$117.60
|
94
|
1979
|
|
2005
|
35
|
$205,278
|
$177,500
|
1,882
|
$109.07
|
102
|
1990
|
|
|
Change
|
60.00%
|
2.89%
|
-18.31%
|
-4.57%
|
7.81%
|
-7.84%
|
-11
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
BU
|
2006
|
199
|
$248,326
|
$181,000
|
2,015
|
$123.24
|
105
|
1975
|
|
2005
|
143
|
$208,574
|
$154,000
|
1,781
|
$117.11
|
87
|
1986
|
|
|
Change
|
39.16%
|
19.06%
|
17.53%
|
13.14%
|
5.23%
|
20.69%
|
-11
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
BW
|
2006
|
184
|
$174,831
|
$155,000
|
2,020
|
$86.55
|
74
|
1997
|
|
2005
|
144
|
$170,549
|
$138,072
|
2,023
|
$84.30
|
78
|
1996
|
|
|
Change
|
27.78%
|
2.51%
|
12.26%
|
-0.15%
|
2.66%
|
-5.13%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
CC
|
2006
|
208
|
$126,448
|
$112,000
|
1,691
|
$74.78
|
103
|
1967
|
|
2005
|
188
|
$109,914
|
$104,775
|
1,668
|
$65.90
|
96
|
1973
|
|
|
Change
|
10.64%
|
15.04%
|
6.90%
|
1.38%
|
13.48%
|
7.29%
|
-6
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
CL
|
2006
|
2572
|
$173,301
|
$156,480
|
2,087
|
$83.04
|
58
|
1998
|
|
2005
|
2282
|
$161,500
|
$146,910
|
2,057
|
$78.51
|
66
|
1997
|
|
|
Change
|
12.71%
|
7.31%
|
6.51%
|
1.46%
|
5.76%
|
-12.12%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
EL
|
2006
|
171
|
$125,768
|
$115,000
|
1,781
|
$70.62
|
89
|
1982
|
|
2005
|
169
|
$126,809
|
$115,000
|
1,784
|
$71.08
|
84
|
1986
|
|
|
Change
|
1.18%
|
-0.82%
|
0.00%
|
-0.17%
|
-0.65%
|
5.95%
|
-4
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
FC
|
2006
|
12
|
$174,125
|
$149,750
|
1,757
|
$99.10
|
97
|
1983
|
|
2005
|
3
|
$91,166
|
$92,500
|
1,377
|
$66.21
|
48
|
1977
|
|
|
Change
|
300.00%
|
91.00%
|
61.89%
|
27.60%
|
49.69%
|
102.08%
|
6
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
GP
|
2006
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
|
2005
|
1
|
-
|
-
|
-
|
-
|
-
|
-
|
|
|
Change
|
||||||||
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
GT
|
2006
|
1125
|
$208,170
|
$173,000
|
2,100
|
$99.13
|
73
|
1992
|
|
2005
|
1105
|
$196,437
|
$165,000
|
2,105
|
$93.32
|
82
|
1992
|
|
|
Change
|
1.81%
|
5.97%
|
4.85%
|
-0.24%
|
6.23%
|
-10.98%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
HD
|
2006
|
453
|
$345,501
|
$315,000
|
2,744
|
$125.91
|
89
|
1996
|
|
2005
|
405
|
$306,441
|
$274,500
|
2,568
|
$119.33
|
96
|
1997
|
|
|
Change
|
11.85%
|
12.75%
|
14.75%
|
6.85%
|
5.51%
|
-7.29%
|
-1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
HH
|
2006
|
1025
|
$168,785
|
$146,247
|
2,025
|
$83.35
|
70
|
1998
|
|
2005
|
800
|
$158,562
|
$140,603
|
2,001
|
$79.24
|
77
|
1995
|
|
|
Change
|
28.13%
|
6.45%
|
4.01%
|
1.20%
|
5.19%
|
-9.09%
|
3
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
HS
|
2006
|
173
|
$180,516
|
$160,800
|
1,936
|
$93.24
|
74
|
0
|
|
2005
|
128
|
$173,098
|
$135,250
|
1,761
|
$98.30
|
73
|
0
|
|
|
Change
|
35.16%
|
4.29%
|
18.89%
|
9.94%
|
-5.14%
|
1.37%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
HU
|
2006
|
565
|
$145,354
|
$135,063
|
1,869
|
$77.77
|
68
|
2003
|
|
2005
|
354
|
$139,790
|
$130,000
|
1,832
|
$76.30
|
81
|
2001
|
|
|
Change
|
59.60%
|
3.98%
|
3.89%
|
2.02%
|
1.92%
|
-16.05%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
HW
|
2006
|
318
|
$254,286
|
$199,450
|
2,025
|
$125.57
|
90
|
1979
|
|
2005
|
292
|
$223,292
|
$180,000
|
2,002
|
$111.53
|
95
|
1982
|
|
|
Change
|
8.90%
|
13.88%
|
10.81%
|
1.15%
|
12.59%
|
-5.26%
|
-3
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
JA
|
2006
|
162
|
$205,916
|
$183,250
|
1,915
|
$107.53
|
78
|
2000
|
|
2005
|
87
|
$186,391
|
$164,500
|
1,852
|
$100.64
|
98
|
1998
|
|
|
Change
|
86.21%
|
10.48%
|
11.40%
|
3.40%
|
6.84%
|
-20.41%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
LC
|
2006
|
31
|
$160,761
|
$120,000
|
1,855
|
$86.66
|
77
|
1986
|
|
2005
|
19
|
$135,298
|
$113,500
|
1,943
|
$69.63
|
95
|
1978
|
|
|
Change
|
63.16%
|
18.82%
|
5.73%
|
-4.53%
|
24.46%
|
-18.95%
|
8
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
LH
|
2006
|
185
|
$254,962
|
$228,500
|
2,190
|
$116.42
|
82
|
1997
|
|
2005
|
148
|
$243,773
|
$219,000
|
2,270
|
$107.39
|
99
|
1994
|
|
|
Change
|
25.00%
|
4.59%
|
4.34%
|
-3.52%
|
8.41%
|
-17.17%
|
3
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
LL
|
2006
|
70
|
$279,745
|
$171,250
|
1,736
|
$161.14
|
101
|
1954
|
|
2005
|
66
|
$236,427
|
$173,700
|
1,882
|
$125.63
|
95
|
1982
|
|
|
Change
|
6.06%
|
18.32%
|
-1.41%
|
-7.76%
|
28.27%
|
6.32%
|
-28
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
LN
|
2006
|
573
|
$314,742
|
$262,000
|
2,485
|
$126.66
|
94
|
1997
|
|
2005
|
537
|
$280,424
|
$227,000
|
2,446
|
$114.65
|
94
|
1996
|
|
|
Change
|
6.70%
|
12.24%
|
15.42%
|
1.59%
|
10.48%
|
0.00%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
LS
|
2006
|
937
|
$443,980
|
$337,000
|
2,759
|
$160.92
|
91
|
1996
|
|
2005
|
886
|
$420,650
|
$318,000
|
2,748
|
$153.07
|
104
|
1995
|
|
|
Change
|
5.76%
|
5.55%
|
5.97%
|
0.40%
|
5.13%
|
-12.50%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
MA
|
2006
|
351
|
$151,998
|
$133,022
|
1,898
|
$80.08
|
83
|
2002
|
|
2005
|
255
|
$142,349
|
$127,551
|
1,810
|
$78.65
|
95
|
2001
|
|
|
Change
|
37.65%
|
6.78%
|
4.29%
|
4.86%
|
1.83%
|
-12.63%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
MC
|
2006
|
51
|
$96,105
|
$86,000
|
1,707
|
$56.30
|
110
|
1965
|
|
2005
|
11
|
$84,018
|
$73,900
|
1,343
|
$62.56
|
85
|
1963
|
|
|
Change
|
363.64%
|
14.39%
|
16.37%
|
27.10%
|
-10.01%
|
29.41%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
N
|
2006
|
519
|
$174,895
|
$170,195
|
1,893
|
$92.39
|
41
|
1991
|
|
2005
|
537
|
$165,645
|
$164,900
|
1,920
|
$86.27
|
60
|
1992
|
|
|
Change
|
-3.35%
|
5.58%
|
3.21%
|
-1.41%
|
7.09%
|
-31.67%
|
-1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
NE
|
2006
|
410
|
$142,739
|
$140,000
|
1,746
|
$81.75
|
64
|
1989
|
|
2005
|
383
|
$138,093
|
$137,627
|
1,753
|
$78.78
|
84
|
1989
|
|
|
Change
|
7.05%
|
3.36%
|
1.72%
|
-0.40%
|
3.78%
|
-23.81%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
NW
|
2006
|
883
|
$232,864
|
$192,500
|
2,307
|
$100.94
|
44
|
1988
|
|
2005
|
891
|
$216,972
|
$179,500
|
2,307
|
$94.05
|
51
|
1987
|
|
|
Change
|
-0.90%
|
7.32%
|
7.24%
|
0.00%
|
7.32%
|
-13.73%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
PF
|
2006
|
1570
|
$165,970
|
$149,900
|
2,020
|
$82.16
|
67
|
1998
|
|
2005
|
1352
|
$144,508
|
$137,500
|
1,955
|
$73.92
|
67
|
1997
|
|
|
Change
|
16.12%
|
14.85%
|
9.02%
|
3.32%
|
11.16%
|
0.00%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
RN
|
2006
|
522
|
$504,515
|
$432,250
|
3,364
|
$149.97
|
81
|
1999
|
|
2005
|
493
|
$447,830
|
$391,320
|
3,232
|
$138.56
|
82
|
1999
|
|
|
Change
|
5.88%
|
12.66%
|
10.46%
|
4.08%
|
8.24%
|
-1.22%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
RR
|
2006
|
3069
|
$196,989
|
$170,410
|
2,283
|
$86.29
|
61
|
1996
|
|
2005
|
2843
|
$184,409
|
$160,003
|
2,247
|
$82.07
|
71
|
1996
|
|
|
Change
|
7.95%
|
6.82%
|
6.50%
|
1.60%
|
5.14%
|
-14.08%
|
0
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
SC
|
2006
|
183
|
$197,476
|
$175,000
|
2,187
|
$90.30
|
74
|
1996
|
|
2005
|
150
|
$186,187
|
$161,290
|
2,228
|
$83.57
|
84
|
1994
|
|
|
Change
|
22.00%
|
6.06%
|
8.50%
|
-1.84%
|
8.05%
|
-11.90%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
SE
|
2006
|
176
|
$114,513
|
$111,425
|
1,693
|
$67.64
|
55
|
1998
|
|
2005
|
110
|
$104,247
|
$104,600
|
1,592
|
$65.48
|
61
|
1996
|
|
|
Change
|
60.00%
|
9.85%
|
6.52%
|
6.34%
|
3.29%
|
-9.84%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
SV
|
2006
|
120
|
$154,204
|
$125,250
|
1,817
|
$84.87
|
94
|
1975
|
|
2005
|
94
|
$128,485
|
$115,500
|
1,690
|
$76.03
|
85
|
1970
|
|
|
Change
|
27.66%
|
20.02%
|
8.44%
|
7.51%
|
11.63%
|
10.59%
|
5
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
SW
|
2006
|
1353
|
$254,626
|
$242,000
|
2,410
|
$105.65
|
39
|
1997
|
|
2005
|
1345
|
$225,924
|
$213,000
|
2,360
|
$95.73
|
61
|
1996
|
|
|
Change
|
0.59%
|
12.70%
|
13.62%
|
2.12%
|
10.37%
|
-36.07%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
TC
|
2006
|
205
|
$106,495
|
$93,500
|
1,572
|
$67.74
|
77
|
1972
|
|
2005
|
207
|
$97,817
|
$95,500
|
1,550
|
$63.11
|
89
|
1970
|
|
|
Change
|
-0.97%
|
8.87%
|
-2.09%
|
1.42%
|
7.35%
|
-13.48%
|
2
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
W
|
2006
|
365
|
$530,366
|
$335,000
|
3,089
|
$171.70
|
78
|
1994
|
|
2005
|
350
|
$430,001
|
$310,950
|
2,901
|
$148.23
|
69
|
1993
|
|
|
Change
|
4.29%
|
23.34%
|
7.73%
|
6.48%
|
15.83%
|
13.04%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
WE
|
2006
|
30
|
$110,925
|
$77,675
|
1,670
|
$66.42
|
92
|
1965
|
|
2005
|
33
|
$97,135
|
$79,500
|
1,595
|
$60.90
|
92
|
1964
|
|
|
Change
|
-9.09%
|
14.20%
|
-2.30%
|
4.70%
|
9.07%
|
0.00%
|
1
|
|
|
MLS Area
|
Year
|
# Sold
|
Avg Sold
|
Med Sold
|
Avg SQFT
|
Avg PSF
|
Avg Days
|
Year Blt
|
|
WW
|
2006
|
25
|
$190,846
|
$179,900
|
1,973
|
$96.73
|
113
|
1982
|
|
2005
|
27
|
$148,484
|
$114,000
|
1,698
|
$87.45
|
87
|
1976
|
|
|
Change
|
-7.41%
|
28.53%
|
57.81%
|
16.20%
|
10.61%
|
29.89%
|
6
|
Comments
14 Responses to “Austin Real Estate Market Sales Update - 2006 Summary”
Steve, great info as usual. So what is the best determinant as to what is happening with an area with regard to appreciation? Is ‘avg sold price’ better than ‘med sold price’ or ‘$ per sq ft’ better to understand what is going on with an area? Thanks
Hi Scott,
All the data has to looked at together. That’s why I tried to create a chart that allows that. For example, if an area has rising prices, but the avg square footage is also rising and the price per sqft is staying the same or falling, then the rising prices don’t necessarily mean what they might first appear to mean.
The Austin Statesman led off there main real estate market article yesterday with “Hutto is Hot” because the number of sales is up 60% over last year. But when you look at the numbers, that’s only a couple hundred additional sales (354 to 565). Big deal - one new subdivision alone could generate 200 new sales in a year. That doesn’t make “Hutto Hot”. It is a growing, emerging area, but not what I would call “hot” when you look at the other numbers.
Anyway, that’s my take on it and how I look at these stats - sort of all together and in context. No one piece of data can tell the whole story.
Steev
Hey Steve, Are you seeing any softening in price for the areas that offer homes in the >$400k price range? Someone mentioned it to me that it might be happening.
The data doesn’t suggest any softening in that range at all. Look at the MLS area breakdown and the areas that had average prices of $400K+ in 2005, and you see that those areas are all up in 2006, some by quite a bit.