Austin Real Estate Market – 2010 Breakdown by MLS Area

Real Estate Market Stats

Below is a chart breaking down the 2010/2009 sales comparisons by MLS Area for the Austin real estate market. This time I’m adding a couple of new things. First, there is color coding on each of the summary rows for each area. A green shade indicates “improvement” in the measured metric. I put “improved” in quotes because it’s debatable what that means, and for whom, so perhaps a better word to use would simply be “increase” toward seller’s market. Note that a decrease in Days on Market is an “improvement”, however, as it means homes are selling faster, so a negative number on DOM is coded green and vice-versa, whereas the other negative numbers are red. Confusing enough? I hope not.

Next, I added a new column called SP/OLP which is the Sold Price divided by the Original List Price. I think this is a useful metric to observe as it informs us of the gap between the original list price a seller was hoping to obtain and the ultimate sold price achieved. This is more useful to know than the more commonly reported metric of SP/LP (Sold Price/List Price) because it doesn’t disguise the price drops that occurred before the home eventually sold.

In other words, a home that started at a list price of $300K, was eventually dropped to $270K, and then sold for the $270K list price, would produce a SP/LP ratio of 100%, but a SP/OLP of 90%. The 90% is a more accurate measure of market strength or weakness in a given area. You’ll see below that some areas are right at 95% (which is pretty good) and some are below 90%, which is a tougher market requiring bigger price drops.

OK then, let’s take a quick look at the new format using the cumulative sold data for all of 2010 compared to 2009.

All MLS # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 17,709 $255,049 $195,000 2,214 $115.20 73 48 93.19
2009 18,636 $245,765 $190,000 2,177 $112.89 75 47 95.2
Change -4.97% 3.78% 2.63% 1.70% 2.04% -2.67% 2.13% -2.11%


So, with the color coding, this allows a “quick glance” gleaning of which areas saw increases/decrease in the measered metrics across the board.  We can see above, looking at the entire Austin MLS market as a whole, that the average sold price increased 3.78%, median sold also increased, by 2.63%, Sold Price Per Square Foot increase 2.04%, and homes sold faster when looking at Avg Days on Market. But we also see that 5% fewer homes sold (lower demand) and that the median DOM and the SP/OLP ratios worsened. This “mixed” market is in fact what most areas produce.

One last aside, if an MLS Area is mostly red all the way across, such as Area 10S, does that mean buyers should avoid that area? Absolutely not. This is a look in the rear view mirror and doesn’t necessarily predict the future or indicate a trend. Same with areas that did well in 2010. This is just a snap shop of what happened in the given year 2010 compared to the year prior. If you own a home in an area that had a dog year, your particular neighborhood or size/price of home may have perfromed differently, and that won’t be reflected in this type of macro analysis of area-wide stats.

OK, the entire Austin MLS is broken down by MLS Area in the chart below. As usual, questions, comments, observations are welcome.

1A # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 188 $478,157 $433,750 2,678 $178.55 63 34 93.54
2009 168 $463,147 $422,750 2,703 $171.35 54 42 91.2
Change 11.90% 3.24% 2.60% -0.92% 4.20% 16.67% -19.05% 2.57%









1B # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 282 $706,152 $581,000 2,598 $271.81 84 50 90.41
2009 251 $655,375 $550,000 2,601 $251.97 109 81 87.77
Change 12.35% 7.75% 5.64% -0.12% 7.87% -22.94% -38.27% 3.01%









1N # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 401 $310,758 $292,500 2,284 $136.06 59 36 94.11
2009 422 $293,499 $260,000 2,164 $135.63 53 33 96.14
Change -4.98% 5.88% 12.50% 5.55% 0.32% 11.32% 9.09% -2.11%









2 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 285 $245,040 $236,000 1,427 $171.72 64 38 93.11
2009 339 $252,694 $249,000 1,421 $177.83 55 34 93.34
Change -15.93% -3.03% -5.22% 0.42% -3.44% 16.36% 11.76% -0.25%









2N # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 221 $141,228 $137,000 1,504 $93.90 63 41 92.05
2009 257 $150,016 $142,500 1,544 $97.16 52 28 95.22
Change -14.01% -5.86% -3.86% -2.59% -3.35% 21.15% 46.43% -3.33%









3 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 285 $221,184 $192,000 1,561 $141.69 57 37 93.31
2009 323 $227,066 $208,000 1,599 $142.01 79 54 92.87
Change -11.76% -2.59% -7.69% -2.38% -0.22% -27.85% -31.48% 0.47%









3E # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 100 $122,507 $99,000 1,604 $76.38 70 45 93.44
2009 129 $144,117 $125,000 1,519 $94.88 89 49 93.02
Change -22.48% -14.99% -20.80% 5.60% -19.50% -21.35% -8.16% 0.45%









4 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 227 $336,331 $310,000 1,549 $217.13 78 51 90.84
2009 241 $351,127 $316,000 1,557 $225.52 72 50 91.61
Change -5.81% -4.21% -1.90% -0.51% -3.72% 8.33% 2.00% -0.84%









5 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 232 $175,926 $162,500 1,249 $140.85 77 51 93.34
2009 238 $175,348 $155,050 1,234 $142.10 68 47 90.17
Change -2.52% 0.33% 4.80% 1.22% -0.88% 13.24% 8.51% 3.52%









5E # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 104 $106,685 $106,500 1,491 $71.55 62 39 94.63
2009 108 $107,459 $108,225 1,423 $75.52 58 41 97.88
Change -3.70% -0.72% -1.59% 4.78% -5.25% 6.90% -4.88% -3.32%









6 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 212 $370,131 $327,000 1,649 $224.46 78 50 91.36
2009 166 $367,887 $325,000 1,574 $233.73 77 48 95.88
Change 27.71% 0.61% 0.62% 4.76% -3.97% 1.30% 4.17% -4.71%









7 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 83 $430,646 $396,700 1,863 $231.16 75 32 91.47
2009 77 $423,495 $393,000 1,775 $238.59 75 52 91.88
Change 7.79% 1.69% 0.94% 4.96% -3.11% 0.00% -38.46% -0.45%









8E # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 217 $818,810 $675,000 3,395 $241.18 83 53 90.87
2009 183 $865,384 $625,000 3,554 $243.50 97 63 88.66
Change 18.58% -5.38% 8.00% -4.47% -0.95% -14.43% -15.87% 2.49%









8W # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 248 $652,675 $525,000 3,359 $194.31 80 50 92.11
2009 226 $627,885 $489,750 3,317 $189.29 86 61 90.97
Change 9.73% 3.95% 7.20% 1.27% 2.65% -6.98% -18.03% 1.25%









9 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 58 $143,294 $136,750 1,487 $96.36 70 56 89.44
2009 55 $150,129 $144,000 1,504 $99.82 67 44 90.97
Change 5.45% -4.55% -5.03% -1.13% -3.46% 4.48% 27.27% -1.68%









10N # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 263 $188,489 $173,000 1,458 $129.28 47 30 94.28
2009 267 $186,269 $175,000 1,415 $131.64 48 24 94.08
Change -1.50% 1.19% -1.14% 3.04% -1.79% -2.08% 25.00% 0.21%









10S # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 510 $177,913 $170,000 1,630 $109.15 51 29 95
2009 610 $179,124 $175,000 1,648 $108.69 43 22 96.42
Change -16.39% -0.68% -2.86% -1.09% 0.42% 18.60% 31.82% -1.47%









11 # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 171 $109,724 $109,000 1,449 $75.72 53 34 93.54
2009 216 $110,604 $109,975 1,445 $76.54 54 42 93.57
Change -20.83% -0.80% -0.89% 0.28% -1.07% -1.85% -19.05% -0.03%









BA # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 230 $155,776 $144,250 1,819 $85.64 71 51 93.64
2009 229 $149,693 $136,000 1,787 $83.77 66 40 94.41
Change 0.44% 4.06% 6.07% 1.79% 2.23% 7.58% 27.50% -0.82%









BW # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 98 $178,210 $154,500 2,157 $82.62 94 49 92.04
2009 107 $194,129 $159,000 2,155 $90.08 84 53 92.51
Change -8.41% -8.20% -2.83% 0.09% -8.29% 11.90% -7.55% -0.51%









CLN # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 929 $175,438 $149,895 2,098 $83.62 68 46 93.97
2009 933 $180,657 $154,500 2,092 $86.36 68 42 94.67
Change -0.43% -2.89% -2.98% 0.29% -3.17% 0.00% 9.52% -0.74%









CLS # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 828 $235,393 $214,995 2,467 $95.42 67 48 94.48
2009 950 $230,513 $212,750 2,422 $95.17 69 49 95.36
Change -12.84% 2.12% 1.06% 1.86% 0.25% -2.90% -2.04% -0.92%









DT* # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 174 $345,322 $282,250 1,142 $302.38 98 66 91.66
2009 131 $332,524 $275,000 1,105 $300.93 83 63 90.57
Change 32.82% 3.85% 2.64% 3.35% 0.48% 18.07% 4.76% 1.20%









EL # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 175 131,704 108,000 1,896 69.46 77 55 89.91
2009 200 $117,480 $103,375 $1,826 $64.34 61 42 96.48
Change -12.50% 12.11% 4.47% 3.83% 7.97% 26.23% 30.95% -6.81%









GTE # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 234 $161,569 $141,495 1,825 $88.53 83 54 92.26
2009 230 $158,586 $144,950 1,860 $85.26 72 52 93.72
Change 1.74% 1.88% -2.38% -1.88% 3.83% 15.28% 3.85% -1.56%









GTW # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 733 $244,531 $210,000 2,249 $108.73 92 66 93.42
2009 728 $249,534 $215,000 2,316 $107.74 110 77 92.28
Change 0.69% -2.00% -2.33% -2.89% 0.91% -16.36% -14.29% 1.24%









HD # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 311 $333,861 $317,000 2,871 $116.29 86 62 92.59
2009 357 $334,735 $309,600 2,891 $115.79 111 78 90.69
Change -12.89% -0.26% 2.39% -0.69% 0.43% -22.52% -20.51% 2.10%









HH # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 826 $166,275 $149,990 2,035 $81.71 66 43 94.91
2009 854 $166,959 $149,000 2,039 $81.88 67 44 95.93
Change -3.28% -0.41% 0.66% -0.20% -0.21% -1.49% -2.27% -1.06%









HU # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 432 $138,938 $129,582 1,976 $70.31 70 44 92.85
2009 454 $150,332 $135,123 1,988 $75.62 65 43 95.3
Change -4.85% -7.58% -4.10% -0.60% -7.02% 7.69% 2.33% -2.57%









LN # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 205 $349,550 $240,145 2,329 $150.09 123 81 88.71
2009 201 $296,325 $200,000 2,184 $135.68 127 87 89.32
Change 1.99% 17.96% 20.07% 6.64% 10.62% -3.15% -6.90% -0.68%









LS # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 762 $438,761 $357,601 3,008 $145.86 100 66 91.43
2009 689 $440,622 $350,000 2,990 $147.37 117 82 89.26
Change 10.60% -0.42% 2.17% 0.60% -1.02% -14.53% -19.51% 2.43%









MA # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 233 $114,712 $99,000 1,806 $63.52 59 40 93.47
2009 249 $117,859 $105,000 1,698 $69.41 72 36 94.38
Change -6.43% -2.67% -5.71% 6.36% -8.49% -18.06% 11.11% -0.96%









N # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 278 $192,695 $192,000 1,919 $100.41 48 35 95.39
2009 334 $186,607 $184,708 1,924 $96.99 40 26 95.95
Change -16.77% 3.26% 3.95% -0.26% 3.53% 20.00% 34.62% -0.58%









NE # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 271 $151,007 $153,500 1,873 $80.62 64 46 92.97
2009 300 $150,692 $151,000 1,819 $82.84 58 40 94.33
Change -9.67% 0.21% 1.66% 2.97% -2.68% 10.34% 15.00% -1.44%









NW # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 532 $252,702 $219,000 2,310 $109.39 60 38 94.64
2009 632 $243,801 $211,260 2,236 $109.03 51 31 96.4
Change -15.82% 3.65% 3.66% 3.31% 0.33% 17.65% 22.58% -1.83%









PF # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 1049 $160,866 $155,000 2,130 $75.52 67 49 94.07
2009 1164 $164,963 $156,906 2,107 $78.29 60 38 95.4
Change -9.88% -2.48% -1.21% 1.09% -3.54% 11.67% 28.95% -1.39%









RN # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 428 $478,944 $405,000 3,395 $141.07 83 55 92.48
2009 405 $485,757 $401,000 3,471 $139.95 103 78 89.83
Change 5.68% -1.40% 1.00% -2.19% 0.80% -19.42% -29.49% 2.95%









RRE # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 1024 $187,156 $167,945 2,321 $80.64 71 52 94.02
2009 1125 $188,253 $163,000 2,301 $81.81 76 49 95.7
Change -8.98% -0.58% 3.03% 0.87% -1.44% -6.58% 6.12% -1.76%









RRW # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 1010 $252,518 $239,390 2,655 $95.11 64 44 94.5
2009 1076 $230,906 $219,970 2,533 $91.16 75 52 93.84
Change -6.13% 9.36% 8.83% 4.82% 4.33% -14.67% -15.38% 0.70%









SC # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 156 $175,698 $150,000 2,127 $82.60 73 51 93.98
2009 159 $176,656 $151,000 2,045 $86.38 62 41 94.68
Change -1.89% -0.54% -0.66% 4.01% -4.38% 17.74% 24.39% -0.74%









SE # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 118 $104,121 $103,425 1,827 $56.99 55 27 94.41
2009 134 $110,379 $105,300 1,797 $61.42 58 38 93.06
Change -11.94% -5.67% -1.78% 1.67% -7.22% -5.17% -28.95% 1.45%









SWE # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 565 $238,116 $219,550 2,194 $108.53 64 46 94.91
2009 630 $228,647 $205,500 2,173 $105.22 66 42 94.58
Change -10.32% 4.14% 6.84% 0.97% 3.14% -3.03% 9.52% 0.35%









SWW # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 531 $295,631 $280,000 2,561 $115.44 52 31 95.2
2009 575 $292,802 $276,900 2,541 $115.23 62 38 95.9
Change -7.65% 0.97% 1.12% 0.79% 0.18% -16.13% -18.42% -0.73%









UT # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 34 $419,009 $379,500 1,859 $225.39 61 46 91.79
2009 32 $465,110 $427,500 2,029 $229.23 104 80 90.02
Change 6.25% -9.91% -11.23% -8.38% -1.67% -41.35% -42.50% 1.97%









W # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days SP/OLP
2010 268 $412,014 $339,250 2,820 $146.10 75 47 93.27
2009 269 $473,827 $335,000 2,974 $159.32 84 52 92.55
Change -0.37% -13.05% 1.27% -5.18% -8.30% -10.71% -9.62% 0.78%
Posted by Steve
5 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

Jill Kipnis - 5 years ago

Steve, Realtor.com released January data yesterday, which provides some related information. Last month, the Austin-San Marcos metro area was the No. 27 most searched market in the country. Median list prices were $227,436, a slight (-0.03%) decrease compared to January 2010. This is well above the national median price of $199,000.

Additionally, there were 11,595 active listings last month, which is a 8.33% increase compared to last January.

–Jill Kipnis, Community Builder @Realtor.com

Reply
Leave a Reply: