Lake Travis Real Estate Market Trends October 2009
| Trends At A Glance | Oct-09 | Previous Month | Year-over Year |
Median Price | $330,000 | $344,500 (-4.21%) | $333,500 (-1.05%) |
Average Price | $460,488 | $395,723 (+14.06%) | $414,302 (-4.69%) |
No. of Sales | 56 | 59 (-5.36%) | 50 (+10.71%) |
Pending Properties | 54 | 70 (-29.63%) | 52 (+25.71%) |
Active | 682 | 714 (-4.69%) | 724 (-1.40%) |
Sales vs. List Price | 92% | 95% | 92% |
Days On Market | 99 | 99 (0%) | 102 (-3.03%) |
Lake Travis Area Pending Home Sales Point to Improving Real Estate Market
Pending sales of Lake Travis area single family homes were about even year-over-year in October. In the Lake Travis area, 40% of the year-to-date home sales were under $300K and an additional 20% of the homes sold were priced between $300-$400K.
Lake Travis area home sales were down in October, decreasing 5.36% from September. Year-over-year, Lake Travis area home sales were up 10.71%. Year-to-date, Lake Travis home sales are up 8.44%.
Inventory declined last month, down 4.69% from September and down 1.40% compared to last September.
The median price remained relatively constant from September as well as compared to September 2008. The average price increased 14.06% from September and was down 4.69% year-over-year.
The sales price to list price ratio decreased 300 basis points to 92%.
The real estate market is very hard to generalize. It is a market made up of many micro markets. For complete information on a particular neighborhood or for an evaluation of your home's worth, call me at 512.657.4455.