Austin Sales Market Update – 2008Q1 Stats Breakdown by MLS Area

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Below is a chart breaking down Austin MLS Sales of single family homes by MLS area for Jan-Mar 2008. Not all MLS areas are included due to low or no sales activity in some.

Of the 42 areas covered 36 saw a decrease in the number of homes sold and 6 saw an increase in the number of sales. 32 of the 42 areas saw an increase in Average sales price, 35 saw an increase in median sales price, 30 saw an increase in average sold price per square foot. Only 15 of the 42 areas saw a decrease in average days on market and only 7 saw a decrease in median days on market.

In summary, sales are slow in Austin but overall prices are holding steady or rising. Chart of 2007/2008 sales stats by MLS area is below.

MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
All Areas
 2008 4448 $242,745 $187,000 2,126 $114.18 70 50

2007 5382 $244,483 not avail 2,094 $116.75 64 not avail
Change -17.35% -0.71% not avail 1.53% -2.21% 9.38% not avail
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1A
 2008 40 $513,255 $442,000 2,840 $180.72 71 54
2007 60 $462,806 $423,750 2,684 $172.43 64 40
Change -33.33% 10.90% 4.31% 5.81% 4.81% 11% 35%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1B
 2008 50 $691,153 $542,500 2,426 $284.89 62 41
2007 76 $693,372 $559,750 2,530 $274.06 74 60
Change -34.21% -0.32% -3.08% -4.11% 3.95% -16% -19
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1N
 2008 86 $271,290 $238,500 2,013 $134.77 58 36
2007 118 $270,135 $244,100 2,083 $129.69 50 25
Change -27.12% 0.43% -2.29% -3.36% 3.92% 16% 44%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2
 2008 78 $250,741 $245,500 1,383 $181.30 63 49
2007 91 $236,133 $230,000 1,382 $170.86 44 20
Change -14.29% 6.19% 6.74% 0.07% 6.11% 43.18% 145%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2N
 2008 66 $139,119 $140,750 1,425 $97.63 60 43
2007 42 $137,545 $133,250 1,526 $90.13 52 35
Change 57.14% 1.14% 5.63% -6.62% 8.31% 15.38% 23%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3
 2008 62 $206,228 $200,995 1,392 $148.15 57 33
2007 64 $182,722 $187,000 1,451 $125.93 43 22
Change -3.13% 12.86% 7.48% -4.07% 17.65% 32.56% 50%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3E
 2008 37 $184,272 $158,692 1,697 $108.59 66 48
2007 52 $115,001 $116,000 1,402 $82.03 77 44
Change -28.85% 60.24% 36.80% 21.04% 32.38% -14.29% 9%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
4
 2008 69 $366,297 $330,000 1,528 $239.72 59 45
2007 85 $346,550 $312,000 1,576 $219.89 60 27
Change -18.82% 5.70% 5.77% -3.05% 9.02% -1.67% 67%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5
 2008 64 $204,509 $175,000 1,299 $157.44 76 61
2007 87 $163,358 $142,000 1,103 $148.10 54 15
Change -26.44% 25.19% 23.24% 17.77% 6.30% 40.74% 307%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5E
 2008 18 $113,782 $108,450 1,737 $65.50 53 42
2007 20 $110,480 $109,950 1,503 $73.51 81 69
Change -10.00% 2.99% -1.36% 15.57% -10.89% -34.57% -39%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
6
 2008 28 $332,408 $304,500 1,445 $230.04 39 32
2007 45 $315,158 $295,000 1,450 $217.35 52 29
Change -37.78% 5.47% 3.22% -0.34% 5.84% -25.00% 10%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
7
 2008 22 $401,060 $389,000 1,724 $232.63 56 38
2007 26 $361,042 $308,000 1,545 $233.68 39 16
Change -15.38% 11.08% 26.30% 11.59% -0.45% 43.59% 138%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8E
 2008 41 $866,681 $650,000 3,131 $276.81 84 45
2007 54 $1,111,053 $787,500 3,949 $281.35 94 42
Change -24.07% -21.99% -17.46% -20.71% -1.62% -10.64% 7%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8W
 2008 34 $521,090 $448,500 2,915 $178.76 97 83
2007 50 $644,487 $522,000 3,504 $183.93 72 36
Change -32.00% -19.15% -14.08% -16.81% -2.81% 34.72% 131%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
9
 2008 10 $212,370 $211,500 1,751 $121.28 64 56
2007 25 $158,427 $149,835 1,499 $105.69 44 26
Change -60.00% 34.05% 41.16% 16.81% 14.76% 45.45% 115%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10N
 2008 59 $198,447 $165,000 1,427 $139.07 43 25
2007 68 $172,858 $152,000 1,407 $122.86 25 14
Change -13.24% 14.80% 8.55% 1.42% 13.19% 72.00% 79%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10S
 2008 130 $175,678 $169,450 1,640 $107.12 50 36
2007 173 $139,277 $143,000 1,372 $101.51 23 11
Change -24.86% 26.14% 18.50% 19.53% 5.52% 117.39% 227%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
11
 2008 44 $120,194 $115,500 1,441 $83.41 63 56
2007 72 $118,358 $111,650 1,435 $82.48 69 42
Change -38.89% 1.55% 3.45% 0.42% 1.13% -8.70% 33%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLN
 2008 243 $176,611 $154,290 2,013 $87.74 62 42
2007 281 $158,176 $141,600 1,916 $82.56 60 37
Change -13.52% 11.65% 8.96% 5.06% 6.27% 3.33% 14%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLS
 2008 221 $244,396 $215,000 2,390 $102.26 70 52
2007 268 $217,163 $198,500 2,284 $95.08 60 37
Change -17.54% 12.54% 8.31% 4.64% 7.55% 16.67% 41%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
EL
 2008 68 $126,794 $124,266 1,819 $69.71 69 61
2007 62 $116,078 $114,278 1,615 $71.87 80 70
Change 9.68% 9.23% 8.74% 12.63% -3.02% -13.75% -13%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTE
 2008 61 $164,523 $156,511 1,790 $91.91 79 65
2007 85 $142,908 $132,500 1,616 $88.43 56 35
Change -28.24% 15.13% 18.12% 10.77% 3.93% 41.07% 86%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTW
 2008 159 $254,973 $213,161 2,247 $113.47 97 75
2007 187 $236,449 $205,000 2,139 $110.54 72 53
Change -14.97% 7.83% 3.98% 5.05% 2.65% 34.72% 42%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HD
 2008 91 $347,954 $334,693 2,788 $124.80 120 108
2007 85 $357,549 $316,900 2,735 $130.73 90 79
Change 7.06% -2.68% 5.61% 1.94% -4.53% 33.33% 37%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HH
 2008 171 $178,502 $154,900 2,087 $85.53 72 56
2007 225 $167,813 $152,900 2,002 $83.82 73 54
Change -24.00% 6.37% 1.31% 4.25% 2.04% -1.37% 4%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HU
 2008 85 $153,598 $143,500 2,044 $75.15 70 46
2007 162 $147,334 $137,295 1,845 $79.86 71 59
Change -47.53% 4.25% 4.52% 10.79% -5.90% -1.41% -22%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LN
 2008 44 $303,773 $214,750 2,183 $139.15 79 54
2007 47 $263,359 $198,250 2,023 $130.18 77 70
Change -6.38% 15.35% 8.32% 7.91% 6.89% 2.60% -23%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LS
 2008 137 $431,708 $328,000 2,694 $160.25 114 98
2007 163 $414,829 $322,500 2,631 $157.67 84 61
Change -15.95% 4.07% 1.71% 2.39% 1.64% 35.71% 61%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
MA
 2008 56 $152,608 $139,810 2,050 $74.44 70 49
2007 81 $147,331 $128,565 1,891 $77.91 71 51
Change -30.86% 3.58% 8.75% 8.41% -4.45% -1.41% -4%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
N
 2008 88 $192,306 $184,000 1,875 $102.56 42 26
2007 106 $187,647 $175,750 1,921 $97.68 37 18
Change -16.98% 2.48% 4.69% -2.39% 5.00% 13.51% 44%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NE
 2008 60 $157,759 $157,000 1,857 $84.95 54 44
2007 86 $143,878 $144,800 1,680 $85.64 50 29
Change -30.23% 9.65% 8.43% 10.54% -0.80% 8.00% 52%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NW
 2008 129 $242,357 $203,000 2,216 $109.37 45 27
2007 140 $225,597 $191,500 2,184 $103.30 47 23
Change -7.86% 7.43% 6.01% 1.47% 5.88% -4.26% 17%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
PF
 2008 310 $167,650 $159,700 2,027 $82.71 63 44
2007 323 $161,989 $150,000 2,041 $79.37 65 39
Change -4.02% 3.49% 6.47% -0.69% 4.21% -3.08% 13%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RN
 2008 87 $526,300 $397,000 3,281 $160.41 109 81
2007 142 $546,103 $459,195 3,531 $154.66 97 70
Change -38.73% -3.63% -13.54% -7.08% 3.72% 12.37% 16%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRE
 2008 317 $191,990 $166,000 2,242 $85.63 72 58
2007 380 $181,620 $150,000 2,124 $85.51 63 44
Change -16.58% 5.71% 10.67% 5.56% 0.15% 14.29% 32%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRW
 2008 257 $236,548 $225,000 2,560 $92.40 75 63
2007 321 $240,603 $219,000 2,551 $94.32 65 39
Change -19.94% -1.69% 2.74% 0.35% -2.03% 15.38% 62%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SC
 2008 50 $182,760 $160,620 2,170 $84.22 55 35
2007 37 $201,736 $160,000 2,372 $85.05 76 42
Change 35.14% -9.41% 0.39% -8.52% -0.97% -27.63% -17%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SE
 2008 40 $129,914 $129,988 1,800 $72.17 50 35
2007 34 $122,967 $121,913 1,764 $69.71 42 23
Change 17.65% 5.65% 6.62% 2.04% 3.54% 19.05% 52%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWE
 2008 153 $219,580 $209,000 2,065 $106.33 60 49
2007 145 $222,615 $207,000 2,138 $104.12 51 31
Change 5.52% -1.36% 0.97% -3.41% 2.12% 17.65% 58%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWW
 2008 125 $316,040 $292,464 2,536 $124.62 68 59
2007 148 $295,010 $282,250 2,516 $117.25 46 24
Change -15.54% 7.13% 3.62% 0.79% 6.28% 47.83% 146%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
UT
 2008 7 $385,850 $329,000 1,440 $267.95 63 51
2007 11 $460,545 $385,000 1,985 $232.01 69 34
Change -36.36% -16.22% 14.55% -27.46% 15.49% -8.70% 50%
MLS Area
 YTD-Mar # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
W
 2008 52 $491,873 $367,250 3,174 $154.97 84 51
2007 69 $545,934 $345,000 3,080 $177.25 69 40
Change -24.64% -9.90% 6.45% 3.05% -12.57% 21.74% 28%

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