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% |
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
You can see why we have been teaching our students to buy rental properties in area 6 and 7 over the last few years!!
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.
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
Signing up for e-mail notification of new posts 🙂
Time to buy here in Tucson as well!