Austin Sales Market Stats by MLS Area – Sept 2008 YTD

Below are the YTD Sept 2008 stats for Austin homes sales, broken out by MLS area as compared to 2007 sold stats.

Here is a quick summary, the full chart is below.

Number of Sales
Of the 42 MLS areas tracked, the number of sales decreased in 41. Only the UT area had more home sale YTD Sept (34 last year, 39 this year). Number of sales are down 15.6% citywide compared to the same period a year ago.

Average Sales
The average sales price increased in 29 of the 42 MLS areas, decreasing in 13 of the MLS areas tracked. Of the 29 areas with appreciating sales prices, 10 have appreciation higher than 5%, and 3 areas appreciated more than 10%. Of the 13 areas that depreciated, 2 have depreciation of more than 5%.

Median Sale Prices
The median sales price increased in 28 of the 42 MLS areas, decreasing in 14 of the MLS areas tracked. Of the 28 areas with appreciating median sales prices, 10 have appreciation higher than 5%, and 4 areas appreciated more than 10%. Of the 14 areas that depreciated, 3 have depreciation of more than 5% in median sales value.

Average Sold price per square foot
The average sales price per square foot increased in 25 of the 42 MLS areas, decreasing in 17 of the MLS areas tracked. Of the 25 areas with appreciating sales prices, 6 have appreciation higher than 5%, and 2 areas appreciated more than 10% in avg price per sqft. Of the 17 areas that depreciated, 3 have depreciation of more than 5% in psf value.

Days on Market
Average and Median days on market increased in most areas. Only 8 out of 42 areas have lower avg dom and only 2 out of 42 have lower median days on market. Citywide, days on market is up 16% to an average of 65 days sold, and 42 median days sold. These are actually very good numbers, but they somewhat mask the high number of failed sales attempts. At present, the average days on market of Active listings in Austin is 97 days and the median is 75 days. More than half of the active listings will fail to sell, most with higher days on market, which leaves the quicker selling homes to set the stats.

The full chart is below. A MLS map is below the chart if you’re not familiar with Austin’s MLS areas. As usual, questions and comments area welcome.

 

MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
All Areas 2008 16605 $253,300 $192,500 2,143 $118.20 65 42

2007 19674 $255,503 $187,430 2,123 $120.35 56 32

Change -15.60% -0.86% 2.71% 0.94% -1.79% 16.07% 31.25%









MLS Area YTD-Apr # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1A 2008 160 $501,631 $469,000 2,712 $184.97 58 36

2007 215 $486,091 $450,000 2,691 $180.64 47 19

Change -25.58% 3.20% 4.22% 0.78% 2.40% 23.40% 89.47%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1B 2008 195 $707,162 $560,000 2,384 $296.63 52 37

2007 284 $711,736 $602,500 2,523 $282.10 56 33

Change -31.34% -0.64% -7.05% -5.51% 5.15% -7.14% 12.12%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1N 2008 342 $292,645 $264,000 2,106 $138.96 39 21

2007 462 $299,705 $267,250 2,193 $136.66 31 11

Change -25.97% -2.36% -1.22% -3.97% 1.68% 25.81% 90.91%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2 2008 257 $265,965 $257,000 1,436 $185.21 51 33

2007 322 $253,695 $245,000 1,400 $181.21 29 12

Change -20.19% 4.84% 4.90% 2.57% 2.21% 75.86% 175.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2N 2008 226 $155,662 $150,000 1,557 $99.98 45 24

2007 243 $146,760 $141,500 1,519 $96.62 33 14

Change -7.00% 6.07% 6.01% 2.50% 3.48% 36.36% 71.43%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3 2008 232 $222,864 $206,000 1,522 $146.43 60 41

2007 255 $199,927 $195,000 1,471 $135.91 38 15

Change -9.02% 11.47% 5.64% 3.47% 7.74% 57.89% 173.33%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3E 2008 113 $155,381 $147,000 1,597 $97.30 70 52

2007 177 $120,001 $117,000 1,435 $83.62 72 50

Change -36.16% 29.48% 25.64% 11.29% 16.35% -2.78% 4.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
4 2008 232 $368,091 $335,000 1,542 $238.71 58 42

2007 293 $349,516 $321,250 1,518 $230.25 43 21

Change -20.82% 5.31% 4.28% 1.58% 3.68% 34.88% 100.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5 2008 225 $186,811 $170,000 1,212 $154.13 67 49

2007 310 $175,253 $155,300 1,166 $150.30 48 21

Change -27.42% 6.60% 9.47% 3.95% 2.55% 39.58% 133.33%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5E 2008 64 $113,646 $110,000 1,660 $68.46 51 36

2007 76 $109,160 $109,900 1,518 $71.91 56 30

Change -15.79% 4.11% 0.09% 9.35% -4.80% -8.93% 20.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
6 2008 154 $370,337 $331,350 1,497 $247.39 60 39

2007 230 $350,203 $323,800 1,482 $236.30 43 19

Change -33.04% 5.75% 2.33% 1.01% 4.69% 39.53% 105.26%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
7 2008 88 $427,564 $373,250 1,750 $244.32 53 32

2007 105 $393,831 $382,000 1,645 $239.41 41 16

Change -16.19% 8.57% -2.29% 6.38% 2.05% 29.27% 100%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8E 2008 141 $872,235 $750,000 3,348 $260.52 68 41

2007 215 $917,388 $718,000 3,560 $257.69 56 24

Change -34.42% -4.92% 4.46% -5.96% 1.10% 21.43% 71%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8W 2008 187 $628,837 $466,000 3,210 $195.90 75 48

2007 250 $711,043 $549,950 3,470 $204.91 63 34

Change -25.20% -11.56% -15.27% -7.49% -4.40% 19.05% 41%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
9 2008 33 $198,067 $175,000 1,632 $121.36 56 48

2007 73 $162,527 $155,212 1,511 $107.56 37 29

Change -54.79% 21.87% 12.75% 8.01% 12.83% 51.35% 66%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10N 2008 208 $193,635 $175,000 1,434 $135.03 40 21

2007 249 $186,827 $164,100 1,440 $129.74 24 10

Change -16.47% 3.64% 6.64% -0.42% 4.08% 66.67% 110%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10S 2008 507 $180,249 $174,000 1,634 $110.31 40 25

2007 644 $173,644 $166,000 1,627 $106.73 23 11

Change -21.27% 3.80% 4.82% 0.43% 3.36% 73.91% 127%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
11 2008 169 $118,728 $113,410 1,412 $84.08 50 35

2007 254 $119,066 $116,750 1,411 $84.38 46 26

Change -33.46% -0.28% -2.86% 0.07% -0.35% 8.70% 35%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLN 2008 862 $177,981 $156,500 2,018 $88.20 57 35

2007 1015 $167,742 $149,000 1,948 $86.11 51 32

Change -15.07% 6.10% 5.03% 3.59% 2.42% 11.76% 9%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLS 2008 826 $240,532 $217,650 2,381 $101.02 67 49

2007 921 $233,612 $210,000 2,350 $99.41 53 34

Change -10.31% 2.96% 3.64% 1.32% 1.62% 26.42% 44%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
EL 2008 185 $124,041 $118,000 1,771 $70.04 64 47

2007 223 $134,643 $122,450 1,791 $75.18 72 47

Change -17.04% -7.87% -3.63% -1.12% -6.83% -11.11% 0%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTE 2008 233 $163,754 $154,250 1,859 $88.09 66 43

2007 304 $156,571 $137,031 1,749 $89.52 51 29

Change -23.36% 4.59% 12.57% 6.29% -1.60% 29.41% 48%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTW 2008 613 $247,159 $214,685 2,219 $111.38 88 63

2007 678 $259,443 $221,805 2,295 $113.05 72 48

Change -9.59% -4.73% -3.21% -3.31% -1.47% 22.22% 31%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HD 2008 309 $362,748 $349,500 2,914 $124.48 102 77

2007 321 $373,204 $345,000 2,873 $129.90 86 59

Change -3.74% -2.80% 1.30% 1.43% -4.17% 18.60% 31%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HH 2008 765 $181,039 $156,483 2,100 $86.21 64 43

2007 896 $170,901 $152,526 2,003 $85.32 64 41

Change -14.62% 5.93% 2.59% 4.84% 1.04% 0.00% 5%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HU 2008 371 $154,671 $143,500 1,989 $77.76 59 38

2007 523 $148,168 $139,200 1,866 $79.40 67 51

Change -29.06% 4.39% 3.09% 6.59% -2.07% -11.94% -25%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LN 2008 158 $291,091 $222,000 2,107 $138.15 81 59

2007 212 $293,107 $199,200 2,108 $139.05 82 63

Change -25.47% -0.69% 11.45% -0.05% -0.64% -1.22% -6%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LS 2008 550 $490,670 $364,303 2,885 $170.08 103 74

2007 670 $478,000 $368,950 2,736 $174.71 82 54

Change -17.91% 2.65% -1.26% 5.45% -2.65% 25.61% 37%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
MA 2008 215 $146,815 $133,000 1,974 $74.37 73 44

2007 263 $154,335 $134,000 1,890 $81.66 75 51

Change -18.25% -4.87% -0.75% 4.44% -8.92% -2.67% -14%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
N 2008 296 $191,590 $185,000 1,844 $103.90 38 22

2007 414 $188,030 $180,000 1,909 $98.50 28 13

Change -28.50% 1.89% 2.78% -3.40% 5.48% 35.71% 69%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NE 2008 255 $155,007 $154,168 1,808 $85.73 52 34

2007 293 $152,810 $154,500 1,762 $86.73 51 32

Change -12.97% 1.44% -0.21% 2.61% -1.14% 1.96% 6%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NW 2008 458 $256,181 $211,000 2,256 $113.56 40 20

2007 601 $247,944 $203,603 2,284 $108.56 31 14

Change -23.79% 3.32% 3.63% -1.23% 4.60% 29.03% 43%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
PF 2008 995 $166,346 $156,600 2,018 $82.43 61 41

2007 1197 $166,338 $156,972 2,062 $80.67 57 37

Change -16.88% 0.00% -0.24% -2.13% 2.19% 7.02% 11%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RN 2008 350 $529,056 $412,500 3,328 $158.97 98 75

2007 465 $541,421 $462,500 3,425 $158.08 80 56

Change -24.73% -2.28% -10.81% -2.83% 0.56% 22.50% 34%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRE 2008 1063 $188,512 $163,000 2,217 $85.03 65 42

2007 1303 $182,953 $155,451 2,129 $85.93 58 36

Change -18.42% 3.04% 4.86% 4.13% -1.05% 12.07% 17%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRW 2008 985 $245,274 $229,038 2,568 $95.51 66 47

2007 1158 $242,009 $224,900 2,527 $95.77 54 33

Change -14.94% 1.35% 1.84% 1.62% -0.27% 22.22% 42%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SC 2008 132 $189,808 $163,320 2,169 $87.51 53 37

2007 167 $198,887 $171,690 2,222 $89.51 58 34

Change -20.96% -4.56% -4.88% -2.39% -2.23% -8.62% 9%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SE 2008 139 $127,387 $128,000 1,839 $69.27 58 41

2007 164 $122,201 $119,398 1,719 $71.09 42 29

Change -15.24% 4.24% 7.20% 6.98% -2.56% 38.10% 41%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWE 2008 539 $233,912 $218,000 2,148 $108.90 50 34

2007 555 $232,913 $217,000 2,172 $107.23 43 24

Change -2.88% 0.43% 0.46% -1.10% 1.55% 16.28% 42%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWW 2008 473 $310,301 $285,000 2,525 $122.89 51 31

2007 589 $301,641 $283,500 2,500 $120.66 36 19

Change -19.69% 2.87% 0.53% 1.00% 1.85% 41.67% 63%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
UT 2008 39 $470,522 $417,500 1,845 $255.03 57 41

2007 34 $455,747 $414,500 1,921 $237.24 56 31

Change 14.71% 3.24% 0.72% -3.96% 7.49% 1.79% 32%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
W 2008 207 $439,882 $335,000 2,792 $157.55 68 47

2007 248 $554,060 $348,075 3,023 $183.28 62 33

Change -16.53% -20.61% -3.76% -7.64% -14.04% 9.68% 42%

Posted by Steve
7 years ago
Steve

Steve is a Real Estate Blogger, Husband and Dad, UT Austin Grad, Runner, Real Estate Broker and owner of Crossland Team and Crossland Real Estate in Austin TX.

Click Here to Leave a Comment Below

Leave a Reply: