Below is Year to Date breakdown for sales of single family homes in Austin by MLS Area. Something interesting happened when I was running these stats that reminded me of the big swings that can be caused by just one or two sales when we are looking at small sample sizes.
About half way through, I realized that this year is leap year, so I was running 2008 sales from 1/1/2008 thru 2/28/2008, which means I was unintentionally excluding homes that closed Feb 29, 2008, so I had to go back and recalculate the values. In doing so, as I typed revised sales numbers numbers into my excel spreadsheet and watched the percentage fields change, it was interesting to me to see the resulting percentage changes.
For example, MLS Area 6 had 15 sales through Feb 28th. These 15 sales had an average sales price of $329,028 (2.51% higher than the year before) and a median sales price of $281,000 (4.75% lower than the year before). When the 16th sale from Feb 29th was was factored in, the median sales price fell from $281,000 to $258,000, changing the percentage drop from -4.75 to -12.54%. The Average Sales price change went from 2.51% to 0.68%.
So remember, with many of these MLS Areas we are dealing with very small sample sizes this early into the year.
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
All Areas | 2008 | 2690 | $242,475 | $185,000 | 2,117 | $114.54 | 71 | 54 |
2007 | 3123 | $241,119 | $181,900 | 2,092 | $115.26 | 67 | 46 | |
Change | -13.86% | 0.56% | 1.70% | 1.20% | -0.63% | 5.97% | 17.39% | |
MLS Area | YTD-Apr | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
1A | 2008 | 23 | $495,911 | $429,000 | 2,708 | $183.13 | 66 | 53 |
2007 | 35 | $445,246 | $425,000 | 2,684 | $165.89 | 57 | 39 | |
Change | -34.29% | 11.38% | 0.94% | 0.89% | 10.39% | 16% | 36% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
1B | 2008 | 26 | $803,952 | $619,500 | 2,769 | $290.34 | 66 | 54 |
2007 | 40 | $662,025 | $540,000 | 2,527 | $261.98 | 81 | 65 | |
Change | -35.00% | 21.44% | 14.72% | 9.58% | 10.83% | -19% | -11 | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
1N | 2008 | 52 | $270,678 | $238,500 | 2,031 | $133.27 | 61 | 45 |
2007 | 70 | $275,725 | $256,500 | 2,121 | $130.00 | 58 | 36 | |
Change | -25.71% | -1.83% | -7.02% | -4.24% | 2.52% | 5% | 25% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
2 | 2008 | 47 | $257,277 | $250,000 | 1,440 | $178.66 | 60 | 42 |
2007 | 52 | $232,415 | $217,000 | 1,417 | $164.02 | 49 | 33 | |
Change | -9.62% | 10.70% | 15.21% | 1.62% | 8.93% | 22.45% | 27% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
2N | 2008 | 41 | $138,651 | $147,700 | 1,432 | $96.82 | 61 | 43 |
2007 | 42 | $137,545 | $133,250 | 1,526 | $90.13 | 52 | 35 | |
Change | -2.38% | 0.80% | 10.84% | -6.16% | 7.42% | 17.31% | 23% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
3 | 2008 | 37 | $196,168 | $189,000 | 1,392 | $140.93 | 52 | 31 |
2007 | 42 | $174,076 | $180,000 | 1,501 | $115.97 | 43 | 24 | |
Change | -11.90% | 12.69% | 5.00% | -7.26% | 21.52% | 20.93% | 29% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
3E | 2008 | 18 | $226,547 | $160,703 | 1,777 | $127.49 | 73 | 59 |
2007 | 30 | $111,598 | $116,000 | 1,301 | $85.78 | 85 | 55 | |
Change | -40.00% | 103.00% | 38.54% | 36.59% | 48.62% | -14.12% | 7% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
4 | 2008 | 48 | $376,259 | $329,000 | 1,597 | $235.60 | 67 | 56 |
2007 | 45 | $342,338 | $305,000 | 1,567 | $218.47 | 50 | 22 | |
Change | 6.67% | 9.91% | 7.87% | 1.91% | 7.84% | 34.00% | 155% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
5 | 2008 | 44 | $209,907 | $177,500 | 1,293 | $162.34 | 81 | 70 |
2007 | 57 | $151,348 | $130,000 | 1,065 | $142.11 | 62 | 17 | |
Change | -22.81% | 38.69% | 36.54% | 21.41% | 14.24% | 30.65% | 312% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
5E | 2008 | 10 | $116,370 | $107,450 | 1,754 | $66.35 | 64 | 68 |
2007 | 7 | $104,757 | $108,000 | 1,519 | $68.96 | 87 | 102 | |
Change | 42.86% | 11.09% | -0.51% | 15.47% | -3.80% | -26.44% | -33% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
6 | 2008 | 16 | $323,152 | $258,000 | 1,441 | $224.26 | 42 | 29 |
2007 | 45 | $320,960 | $295,000 | 1,466 | $218.94 | 53 | 31 | |
Change | -64.44% | 0.68% | -12.54% | -1.71% | 2.43% | -20.75% | -6% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
7 | 2008 | 15 | $422,225 | $410,000 | 1,724 | $244.91 | 55 | 41 |
2007 | 14 | $319,364 | $282,500 | 1,391 | $229.59 | 44 | 27 | |
Change | 7.14% | 32.21% | 45.13% | 23.94% | 6.67% | 25.00% | 52% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
8E | 2008 | 21 | $1,028,925 | $764,500 | 3,603 | $285.57 | 91 | 60 |
2007 | 36 | $933,912 | $781,250 | 3,922 | $238.12 | 87 | 42 | |
Change | -41.67% | 10.17% | -2.14% | -8.13% | 19.93% | 4.60% | 43% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
8W | 2008 | 20 | $450,145 | $420,000 | 2,594 | $173.53 | 75 | 51 |
2007 | 29 | $626,885 | $489,000 | 3,439 | $182.29 | 65 | 40 | |
Change | -31.03% | -28.19% | -14.11% | -24.57% | -4.80% | 15.38% | 28% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
9 | 2008 | 5 | $191,100 | $160,000 | 1,375 | $138.98 | 50 | 61 |
2007 | 11 | $162,630 | $155,000 | 1,444 | $112.62 | 70 | 55 | |
Change | -54.55% | 17.51% | 3.23% | -4.78% | 23.40% | -28.57% | 11% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
10N | 2008 | 36 | $217,299 | $168,300 | 1,537 | $141.38 | 43 | 24 |
2007 | 40 | $175,263 | $146,500 | 1,414 | $123.95 | 32 | 17 | |
Change | -10.00% | 23.98% | 14.88% | 8.70% | 14.06% | 34.38% | 41% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
10S | 2008 | 80 | $173,263 | $166,458 | 1,623 | $106.75 | 54 | 42 |
2007 | 96 | $160,843 | $157,000 | 1,579 | $101.86 | 31 | 13 | |
Change | -16.67% | 7.72% | 6.02% | 2.79% | 4.80% | 74.19% | 223% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
11 | 2008 | 27 | $124,062 | $116,000 | 1,482 | $83.71 | 61 | 51 |
2007 | 44 | $116,960 | $110,000 | 1,460 | $80.11 | 79 | 44 | |
Change | -38.64% | 6.07% | 5.45% | 1.51% | 4.50% | -22.78% | 16% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
CLN | 2008 | 147 | $175,049 | $152,000 | 2,008 | $87.18 | 57 | 41 |
2007 | 141 | $159,840 | $140,630 | 1,978 | $80.81 | 59 | 37 | |
Change | 4.26% | 9.52% | 8.09% | 1.52% | 7.88% | -3.39% | 11% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
CLS | 2008 | 120 | $228,200 | $206,100 | 2,248 | $101.51 | 68 | 54 |
2007 | 161 | $213,051 | $193,500 | 2,279 | $93.48 | 65 | 47 | |
Change | -25.47% | 7.11% | 6.51% | -1.36% | 8.59% | 4.62% | 15% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
EL | 2008 | 42 | $124,092 | $124,266 | 1,802 | $68.86 | 78 | 84 |
2007 | 29 | $112,380 | $105,750 | 1,579 | $71.17 | 75 | 67 | |
Change | 44.83% | 10.42% | 17.51% | 14.12% | -3.24% | 4.00% | 25% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
GTE | 2008 | 41 | $158,893 | $150,000 | 1,695 | $93.74 | 72 | 65 |
2007 | 52 | $147,128 | $130,707 | 1,639 | $89.77 | 67 | 46 | |
Change | -21.15% | 8.00% | 14.76% | 3.42% | 4.43% | 7.46% | 41% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
GTW | 2008 | 105 | $259,145 | $215,000 | 2,248 | $115.28 | 90 | 69 |
2007 | 114 | $238,005 | $211,634 | 2,129 | $111.79 | 71 | 54 | |
Change | -7.89% | 8.88% | 1.59% | 5.59% | 3.12% | 26.76% | 28% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
HD | 2008 | 52 | $354,329 | $331,847 | 2,795 | $126.77 | 115 | 95 |
2007 | 53 | $592,418 | $329,000 | 2,846 | $208.16 | 90 | 72 | |
Change | -1.89% | -40.19% | 0.87% | -1.79% | -39.10% | 27.78% | 32% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
HH | 2008 | 130 | $177,206 | $154,900 | 2,094 | $84.63 | 69 | 52 |
2007 | 120 | $166,035 | $154,753 | 1,985 | $83.64 | 83 | 66 | |
Change | 8.33% | 6.73% | 0.09% | 5.49% | 1.17% | -16.87% | -21% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
HU | 2008 | 61 | $152,688 | $142,035 | 2,097 | $72.81 | 69 | 46 |
2007 | 100 | $148,795 | $134,174 | 1,840 | $80.87 | 68 | 55 | |
Change | -39.00% | 2.62% | 5.86% | 13.97% | -9.96% | 1.47% | -16% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
LN | 2008 | 27 | $317,264 | $192,000 | 2,199 | $144.28 | 77 | 57 |
2007 | 30 | $272,461 | $186,250 | 1,974 | $138.02 | 84 | 71 | |
Change | -10.00% | 16.44% | 3.09% | 11.40% | 4.53% | -8.33% | -20% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
LS | 2008 | 87 | $443,219 | $310,000 | 2,682 | $165.26 | 111 | 87 |
2007 | 95 | $420,351 | $317,510 | 2,679 | $156.91 | 82 | 62 | |
Change | -8.42% | 5.44% | -2.37% | 0.11% | 5.32% | 35.37% | 40% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
MA | 2008 | 39 | $156,126 | $159,900 | 2,039 | $76.57 | 72 | 43 |
2007 | 51 | $158,153 | $134,000 | 1,996 | $79.23 | 69 | 50 | |
Change | -23.53% | -1.28% | 19.33% | 2.15% | -3.36% | 4.35% | -14% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
N | 2008 | 56 | $193,228 | $182,179 | 1,900 | $101.70 | 49 | 43 |
2007 | 61 | $181,674 | $170,000 | 1,856 | $97.88 | 36 | 30 | |
Change | -8.20% | 6.36% | 7.16% | 2.37% | 3.90% | 36.11% | 43% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
NE | 2008 | 44 | $153,843 | $154,250 | 1,742 | $88.31 | 50 | 38 |
2007 | 58 | $144,913 | $148,250 | 1,679 | $86.31 | 53 | 41 | |
Change | -24.14% | 6.16% | 4.05% | 3.75% | 2.32% | -5.66% | -7% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
NW | 2008 | 85 | $245,893 | $194,000 | 2,253 | $109.14 | 49 | 32 |
2007 | 80 | $218,220 | $189,750 | 2,164 | $100.84 | 51 | 28 | |
Change | 6.25% | 12.68% | 2.24% | 4.11% | 8.23% | -3.92% | 14% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
PF | 2008 | 192 | $167,485 | $159,950 | 2,049 | $81.74 | 68 | 52 |
2007 | 208 | $164,441 | $152,084 | 2,076 | $79.21 | 72 | 49 | |
Change | -7.69% | 1.85% | 5.17% | -1.30% | 3.19% | -5.56% | 6% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
RN | 2008 | 41 | $493,898 | $378,353 | 3,142 | $157.19 | 113 | 99 |
2007 | 81 | $546,404 | $430,000 | 3,512 | $155.58 | 100 | 76 | |
Change | -49.38% | -9.61% | -12.01% | -10.54% | 1.03% | 13.00% | 30% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
RRE | 2008 | 189 | $189,418 | $172,000 | 2,219 | $85.36 | 69 | 56 |
2007 | 237 | $178,927 | $145,890 | 2,099 | $85.24 | 63 | 47 | |
Change | -20.25% | 5.86% | 17.90% | 5.72% | 0.14% | 9.52% | 19% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
RRW | 2008 | 149 | $236,548 | $219,000 | 2,566 | $92.19 | 75 | 63 |
2007 | 183 | $232,085 | $219,000 | 2,504 | $92.69 | 74 | 53 | |
Change | -18.58% | 1.92% | 0.00% | 2.48% | -0.54% | 1.35% | 19% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
SC | 2008 | 31 | $187,653 | $157,500 | 2,272 | $82.59 | 64 | 60 |
2007 | 23 | $181,861 | $145,000 | 2,210 | $82.29 | 69 | 38 | |
Change | 34.78% | 3.18% | 8.62% | 2.81% | 0.37% | -7.25% | 58% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
SE | 2008 | 27 | $126,056 | $128,810 | 1,833 | $68.77 | 38 | 17 |
2007 | 18 | $123,894 | $123,863 | 1,805 | $68.64 | 38 | 21 | |
Change | 50.00% | 1.75% | 3.99% | 1.55% | 0.19% | 0.00% | -19% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
SWE | 2008 | 87 | $216,250 | $212,000 | 2,021 | $107.00 | 63 | 53 |
2007 | 91 | $219,297 | $210,000 | 2,146 | $102.19 | 51 | 36 | |
Change | -4.40% | -1.39% | 0.95% | -5.82% | 4.71% | 23.53% | 47% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
SWW | 2008 | 77 | $324,207 | $292,464 | 2,564 | $126.45 | 71 | 68 |
2007 | 78 | $298,400 | $279,975 | 2,543 | $117.34 | 54 | 35 | |
Change | -1.28% | 8.65% | 4.46% | 0.83% | 7.76% | 31.48% | 94% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
UT | 2008 | 5 | $369,590 | $329,000 | 1,539 | $240.15 | 68 | 51 |
2007 | 6 | $414,917 | $405,000 | 1,870 | $221.88 | 74 | 63 | |
Change | -16.67% | -10.92% | -18.77% | -17.70% | 8.23% | -8.11% | -19% | |
MLS Area | Year | # Sold | Avg Sold | Med Sold | Avg SQFT | Avg PSF | Avg Days | Med Days |
W | 2008 | 30 | $575,294 | $412,500 | 3,490 | $164.84 | 93 | 84 |
2007 | 37 | $524,161 | $335,000 | 3,050 | $171.86 | 65 | 45 | |
Change | -18.92% | 9.76% | 23.13% | 14.43% | -4.08% | 43.08% | 87% |
So Steve,
I live in 10S. I love the neighborhood and I am renovating the house. Am I ok? When I purchased it was $92.00/sq.ft. but I saw a depression in the sales. I bought here assuming that I throw 25K into a renovation I could hopefully move a little farther west. I won’t move for another 5 years given my home improvements.
Maybe I should just sit back and allow the markets to adjust. I have no problem making the payments and me employer loves me.
I have lived in Austin for over 30 years. I used to live in a condo in Battle Bend, which the local analysts are calling LoCo (I hate that name).
Please tell me I am not an idiot.
By the way, I appreciate the accuracy of your information, even knowing the new MLS system is screwing you folks.
Hey Steve,
Thanks for the great info. what’s your opinion about the SWE area for shorter term (next 1-2 yrs) appreciation? Seems like it has soften up a bit.
Thanks.