Austin Real Estate Market Breakdown by MLS Area – Midyear 2012

by Steve Crossland, REALTOR in Austin TX on July 29, 2012 · 7 comments

Below is the breakout of the Austin real estate market year to date, through June 2012 compared to the same period 2011. The format is as follows, which shows the entire market.

MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
All Areas 2012 10,855 $268,257 $207,000 2,244 $119.54 67 35

2011 9,232 $261,724 $195,323 2,242 $116.74 82 52

Change 17.58% 2.50% 5.98% 0.09% 2.40% -18.29% -32.69%

 

The color coding at the bottom of each MLS Area summary indicates whether that measure improved or slid back. In the “All Areas” example above, all of the measures improved. That is, # Sold, Avg and Median sales prices, and Avg price per sqft all increased on a market-wide basis, while days on market decreased. Average sqft size is not color coded because I don’t see how a slight change in average size up or down is either good or bad.

A quick summary of some stats results:

Fastest selling: The fastest selling area in the Austin MLS market area is Southwest Austin (MLS Area SWW) which has an average days on market of 29, and a median of 10. Yes, half the homes in SW Austin have sold in 10 days or less so far in 2012. There are a lot of other MLS areas with median days below 20, which you’ll see in the full chart below, but no area is as hot as SW Austin in terms of demand. MLS area SWW includes subdivisions such as Circle C, Legend Oaks, and Villages at Western Oaks.

Highest Price Increases: There are 44 MLS areas shown in the chart below. 12 of those have avg price increases of over 10%. 12 areas (though not the same 12) have median sold price increases over 10% from last year. Most of the highest increases are in closer in areas of Austin proper, though Cedar Park/Leander North (CLN) and Georgetown West (GTW) are in that group, as well as dark horses Manor and Elgin, which have been perennial low performers in the market.

The full chart is below. As usual, questions and comments are welcome.

MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
All Areas 2012 10,855 $268,257 $207,000 2,244 $119.54 67 35

2011 9,232 $261,724 $195,323 2,242 $116.74 82 52

Change 17.58% 2.50% 5.98% 0.09% 2.40% -18.29% -32.69%









MLS Area YTD-Apr # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1A 2012 148 $492,356 $442,500 2,697 $182.56 42 14

2011 121 $451,768 $445,000 2,681 $168.51 66 27

Change 22.31% 8.98% -0.56% 0.60% 8.34% -36.36% -48.15%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1B 2012 203 $761,793 $599,999 2,677 $284.57 68 35

2011 185 $749,087 $570,000 2,585 $289.78 88 48

Change 9.73% 1.70% 5.26% 3.56% -1.80% -22.73% -27.08%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
1N 2012 283 $308,600 $280,000 2,210 $139.64 46 20

2011 242 $294,864 $272,500 2,214 $133.18 65 35

Change 16.94% 4.66% 2.75% -0.18% 4.85% -29.23% -42.86%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2 2012 230 $271,690 $253,250 1,494 $181.85 48 17

2011 195 $250,409 $243,000 1,459 $171.63 67 31

Change 17.95% 8.50% 4.22% 2.40% 5.96% -28.36% -45.16%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
2N 2012 122 $146,769 $137,500 1,532 $95.80 47 16

2011 101 $143,058 $144,900 1,622 $88.20 74 57

Change 20.79% 2.59% -5.11% -5.55% 8.62% -36.49% -71.93%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3 2012 174 $203,449 $186,250 1,540 $132.11 59 29

2011 136 $175,181 $162,250 1,543 $113.53 71 50

Change 27.94% 16.14% 14.79% -0.19% 16.36% -16.90% -42.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
3E 2012 44 $102,033 $94,500 1,425 $71.60 79 46

2011 72 $97,204 $78,000 1,415 $68.70 77 58

Change -38.89% 4.97% 21.15% 0.71% 4.23% 2.60% -20.69%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
4 2012 191 $369,174 $325,000 1,588 $232.48 54 20

2011 130 $314,484 $292,250 1,544 $203.68 72 44

Change 46.92% 17.39% 11.21% 2.85% 14.14% -25.00% -54.55%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5 2012 169 $198,805 $189,000 1,351 $147.15 58 24

2011 135 $170,950 $152,000 1,269 $134.71 85 46

Change 25.19% 16.29% 24.34% 6.46% 9.24% -31.76% -47.83%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
5E 2012 49 $104,136 $95,000 1,511 $68.92 76 43

2011 55 $101,214 $102,000 1,595 $63.46 80 60

Change -10.91% 2.89% -6.86% -5.27% 8.61% -5.00% -28.33%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
6 2012 127 $405,014 $360,000 1,722 $235.20 61 18

2011 114 $324,278 $269,591 1,552 $208.94 75 43

Change 11.40% 24.90% 33.54% 10.95% 12.57% -18.67% -58.14%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
7 2012 53 $500,085 $475,000 1,985 $251.93 46 10

2011 58 $420,628 $390,000 1,804 $233.16 66 47

Change -8.62% 18.89% 21.79% 10.03% 8.05% -30.30% -78.72%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8E 2012 114 $898,831 $679,500 3,413 $263.36 51 21

2011 118 $873,101 $744,000 3,635 $240.19 81 34

Change -3.39% 2.95% -8.67% -6.11% 9.64% -37.04% -38.24%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
8W 2012 117 $674,139 $540,000 3,551 $189.84 66 31

2011 126 $723,947 $565,500 3,542 $204.39 93 54

Change -7.14% -6.88% -4.51% 0.25% -7.12% -29.03% -42.59%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
9 2012 33 $152,255 $136,000 1,589 $95.82 56 25

2011 29 $166,003 $148,000 1,589 $104.47 72 51

Change 13.79% -8.28% -8.11% 0.00% -8.28% -22.22% -50.98%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10N 2012 152 $182,616 $180,000 1,384 $131.95 48 27

2011 117 $173,343 $169,000 1,365 $126.99 55 25

Change 29.91% 5.35% 6.51% 1.39% 3.90% -12.73% 8.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
10S 2012 333 $180,339 $177,000 1,675 $107.67 40 16

2011 264 $173,710 $167,700 1,664 $104.39 70 49

Change 26.14% 3.82% 5.55% 0.66% 3.13% -42.86% -67.35%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
11 2012 99 $107,384 $100,000 1,540 $69.73 59 36

2011 101 $99,143 $100,000 1,452 $68.28 73 56

Change -1.98% 8.31% 0.00% 6.06% 2.12% -19.18% -35.71%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
BA 2012 128 $160,434 $140,000 1,885 $85.11 79 49

2011 99 $157,600 $139,500 1,987 $79.32 90 47

Change 29.29% 1.80% 0.36% -5.13% 7.31% -12.22% 4.26%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
BW 2012 45 $201,222 $220,000 2,105 $95.59 69 38

2011 47 $187,436 $171,500 2,149 $87.22 68 50

Change -4.26% 7.36% 28.28% -2.05% 9.60% 1.47% -24.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLN 2012 609 $195,792 $155,000 2,199 $89.04 71 42

2011 471 $174,648 $147,335 2,170 $80.48 70 42

Change 29.30% 12.11% 5.20% 1.34% 10.63% 1.43% 0.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
CLS 2012 472 $227,268 $214,950 2,403 $94.58 52 28

2011 401 $231,124 $216,718 2,517 $91.83 73 49

Change 17.71% -1.67% -0.82% -4.53% 3.00% -28.77% -42.86%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
DT 2012 118 $463,671 $331,000 1,175 $394.61 63 39
(condos) 2011 114 $364,990 $314,500 1,111 $328.52 86 40

Change 3.51% 27.04% 5.25% 5.76% 20.12% -26.74% -2.50%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
EL 2012 87 $128,226 $110,250 1,843 $69.57 82 50

2011 70 $107,217 $97,311 1,841 $58.24 86 57

Change 24.29% 19.59% 13.30% 0.11% 19.47% -4.65% -12.28%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTE 2012 140 $167,944 $141,000 1,967 $85.38 67 43

2011 123 $157,683 $141,150 1,951 $80.82 102 63

Change 13.82% 6.51% -0.11% 0.82% 5.64% -34.31% -31.75%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
GTW 2012 535 $353,955 $226,806 2,316 $152.83 95 69

2011 400 $237,444 $215,000 2,266 $104.79 101 66

Change 33.75% 49.07% 5.49% 2.21% 45.85% -5.94% 4.55%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HD 2012 254 $347,272 $323,000 2,946 $117.88 96 63

2011 178 $336,650 $309,069 2,871 $117.26 99 75

Change 42.70% 3.16% 4.51% 2.61% 0.53% -3.03% -16.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HH 2012 455 $166,960 $148,750 2,039 $81.88 71 43

2011 418 $164,861 $146,637 2,038 $80.89 85 60

Change 8.85% 1.27% 1.44% 0.05% 1.22% -16.47% -28.33%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
HU 2012 235 $140,890 $127,000 1,949 $72.29 64 36

2011 213 $137,254 $125,600 1,947 $70.50 80 46

Change 10.33% 2.65% 1.11% 0.10% 2.54% -20.00% -21.74%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LN 2012 92 $290,511 $217,500 2,257 $128.72 127 82

2011 112 $309,785 $234,500 2,300 $134.69 124 79

Change -17.86% -6.22% -7.25% -1.87% -4.44% 2.42% 3.80%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
LS 2012 469 $437,508 $377,000 3,015 $145.11 86 52

2011 404 $451,425 $365,750 3,000 $150.48 97 62

Change 16.09% -3.08% 3.08% 0.50% -3.57% -11.34% -16.13%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
MA 2012 130 $123,937 $107,700 1,843 $67.25 88 34

2011 129 $103,353 $88,000 1,751 $59.03 96 66

Change 0.78% 19.92% 22.39% 5.25% 13.93% -8.33% -48.48%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
N 2012 170 $184,326 $178,895 1,911 $96.46 44 21

2011 135 $185,091 $179,900 1,983 $93.34 70 41

Change 25.93% -0.41% -0.56% -3.63% 3.34% -37.14% -48.78%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NE 2012 122 $147,784 $148,000 1,893 $78.07 63 36

2011 117 $138,980 $138,000 1,787 $77.77 82 55

Change 4.27% 6.33% 7.25% 5.93% 0.38% -23.17% -34.55%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
NW 2012 337 $262,529 $222,000 2,314 $113.45 42 16

2011 295 $249,871 $215,000 2,342 $106.69 57 31

Change 14.24% 5.07% 3.26% -1.20% 6.34% -26.32% -48.39%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
PF 2012 598 $159,063 $153,500 2,117 $75.14 66 39

2011 481 $156,447 $150,900 2,179 $71.80 77 55

Change 24.32% 1.67% 1.72% -2.85% 4.65% -14.29% -29.09%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RN 2012 274 $524,866 $436,900 3,379 $155.33 74 41

2011 261 $536,173 $439,000 3,568 $150.27 91 46

Change 4.98% -2.11% -0.48% -5.30% 3.37% -18.68% -10.87%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRE 2012 561 $180,684 $163,967 2,238 $80.73 59 35

2011 524 $176,470 $156,750 2,230 $79.13 77 53

Change 7.06% 2.39% 4.60% 0.36% 2.02% -23.38% -33.96%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
RRW 2012 674 $254,326 $238,375 2,657 $95.72 63 39

2011 538 $246,879 $228,750 2,671 $92.43 85 58

Change 25.28% 3.02% 4.21% -0.52% 3.56% -25.88% -32.76%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SC 2012 84 $192,862 $155,000 2,312 $83.42 64 42

2011 75 $165,315 $150,100 1,991 $83.03 69 54

Change 12.00% 16.66% 3.26% 16.12% 0.47% -7.25% -22.22%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SE 2012 56 $92,944 $85,000 1,806 $51.46 57 22

2011 71 $91,440 $85,000 1,747 $52.34 66 51

Change -21.13% 1.64% 0.00% 3.38% -1.68% -13.64% -56.86%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWE 2012 351 $246,832 $225,000 2,311 $106.81 53 27

2011 282 $225,763 $210,000 2,236 $100.97 78 54

Change 24.47% 9.33% 7.14% 3.35% 5.78% -32.05% -50.00%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
SWW 2012 316 $326,114 $300,000 2,625 $124.23 29 10

2011 285 $293,109 $273,972 2,515 $116.54 51 24

Change 10.88% 11.26% 9.50% 4.37% 6.60% -43.14% -58.33%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
UT 2012 13 $467,043 $490,000 2,096 $222.83 65 18

2011 21 $445,238 $428,000 1,916 $232.38 54 39

Change -38.10% 4.90% 14.49% 9.39% -4.11% 20.37% -53.85%









MLS Area Year # Sold Avg Sold Med Sold Avg SQFT Avg PSF Avg Days Med Days
W 2012 186 $497,354 $356,750 2,959 $168.08 48 19

2011 130 $469,357 $357,000 3,005 $156.19 91 52

Change 43.08% 5.96% -0.07% -1.53% 7.61% -47.25% -63.46%

 

If you are not familiar with Austin MLS Areas, and Austin MLS map is below.

Map of Austin MLS Areas

{ 6 comments… read them below or add one }

1 Jason Grote July 29, 2012 at 2:21 pm

Thanks for putting this together. It looks like we are in somewhat of a revival… I just hope it continues after the election. Great information and great presentation

2 Phill Grove July 31, 2012 at 12:41 pm

You can see why we have been teaching our students to buy rental properties in area 6 and 7 over the last few years!!

3 James McMahon July 31, 2012 at 12:57 pm

Very interesting to see the widespread gains across the southern metro (SWW, SWE and SC). Is there a lot of new development out that way?

btw, some of the positive stats are shown red for some reason. ex: avg $/psf of SC increase; % sold in RN increase; etc.

4 Steve Crossland, REALTOR in Austin TX August 5, 2012 at 3:56 pm

Thanks for you comments Jason, Phil and James. Sorry for the delay in posting. Wordpress has stopped sending me email notifications of new comments for some reason, so I’m looking into that.

James, yeah, I see that. Sometimes the number filters go haywire when exporting from Google Spreadsheet to OpenOffice, which is what I have to do before pasting into an article, else the formatting doesn’t hold. {Sigh}, it’s always something when trying to keep these charts straight.

Steve

5 Mary Tran August 6, 2012 at 12:05 pm

Signing up for e-mail notification of new posts :)

6 Rita Gibbs August 13, 2012 at 6:04 pm

Time to buy here in Tucson as well!

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