Real Estate prices continue the upward climb in Austin, though the number of homes sold is slowing somewhat. The number of homes sold is up 1% from March a year ago. The average sales price is up 4% and the Median sales price is up 6%. See the chart below and additional charts and info further down, including a link to Q1 appreciation breakdown by Austin MLS area.
|
Feb 2007
|
Mar 2007
|
Mar 2006
|
Yr % Change
|
|
| # Sold |
1583
|
2161
|
2141
|
0.9%
|
| Avg List Price |
$245,601
|
$254,093
|
$243,986
|
4.1%
|
| Median List Price |
$184,700
|
$182,900
|
$172,500
|
6.0%
|
| Avg Sold Price |
$238,374
|
$246,685
|
$237,267
|
4.0%
|
| Med Sold Price |
$179,900
|
$179,500
|
$169,312
|
6.0%
|
| Avg Size SQFT |
2090
|
2099
|
2098
|
0%
|
| Median SQFT |
1913
|
1891
|
1891
|
0%
|
| Avg $ per SQFT |
$114
|
$118
|
$113
|
4.4%
|
| Avg Days on Mkt |
68
|
65
|
68
|
-4.4%
|
| Median Days on Mkt |
45
|
35
|
39
|
-11.4%
|
Below is Year-to-Date stats for Single Family Home sales.
|
Jan-Mar 2006
|
Jan-Mar 2007
|
Yr % Change
|
|
| # Sold |
5135
|
5209
|
-0.5%
|
| Avg List Price |
$242,013
|
$251,472
|
3.7%
|
| Median List Price |
$174,449
|
$182,900
|
4.6%
|
| Avg Sold Price |
$234,972
|
$243,963
|
3.7%
|
| Med Sold Price |
$170,000
|
$179,000
|
5.3%
|
| Avg Size SQFT |
2095
|
2095
|
0%
|
| Median SQFT |
1904
|
1899
|
0%
|
| Avg $ per SQFT |
$112
|
$116
|
3.6%
|
| Avg Days on Mkt |
72
|
69
|
-4.2%
|
| Median Days on Mkt |
47
|
43
|
-8.5%
|
Below is the Year-to-Date stats excluding the new home sales. You’ll notice that the average and median sales prices are a bit lower, but the changes track about the same. I like to filter out the new homes when looking at appreciation because I think the new home sales can sometimes skew the number on the resale homes.
|
Jan-Mar 2006
|
Jan-Mar 2007
|
Yr % Change
|
|
| # Sold |
4221
|
4283
|
1.5%
|
| Avg List Price |
$231,578
|
$240,431
|
3.8%
|
| Median List Price |
$169,000
|
$175,500
|
3.8%
|
| Avg Sold Price |
$225,359
|
$233,944
|
3.8%
|
| Med Sold Price |
165,000
|
$173,500
|
5.2%
|
| Avg Size SQFT |
2028
|
2019
|
-0.4%
|
| Median SQFT |
1850
|
1835
|
-0.8%
|
| Avg $ per SQFT |
$111
|
$116
|
4.5%
|
| Avg Days on Mkt |
66
|
60
|
-9%
|
| Median Days on Mkt |
42
|
36
|
-14%
|
The following link is to a pdf file with Jan-Feb 2006/2007 appreciation breakdown by Austin MLS area is a breakdown of sales data by MLS area. Sorry I can’t get the data into clean code that displays correctly in the blog, so I have to put up as a pdf file.
