Austin Real Estate Market Breakdown by MLS Area - Midyear 2012 - Crossland Real Estate

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%

7 thoughts on “Austin Real Estate Market Breakdown by MLS Area – Midyear 2012”

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
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!!
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.
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
Mary Tran

August 6, 2012 at 12:05 pm

Signing up for e-mail notification of new posts 🙂
Pingback: SW Austin Indian community - City-Data Forum
Rita Gibbs

August 13, 2012 at 6:04 pm

Time to buy here in Tucson as well!

Austin Real Estate Market Breakdown by MLS Area – Midyear 2012

7 thoughts on “Austin Real Estate Market Breakdown by MLS Area – Midyear 2012”

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