Lake Travis Real Estate Market Trends September 2009

Trends At A Glance	Sep-09	Previous Month	Year-over Year
Median Price	$344,500	$340,000  (+1.31%)	$375,000  (-8.85%)
Average Price	$395,723	$442,725 (-12.06%)	$486,439  (-22.92%)
No. of Sales	59	75  (-27.12%)	61 (-1.69%)
Pending Properties	70	64 (+8.57%)	57 (18.57%)
Active	714	777 (-8.82%)	786 (10.08%)
Sales vs. List Price	95%	92%	95%
Days On Market	99	120 (-21.21%)	106 (-7.07%)

 

 

Lake Travis Area Pending Home Sales Point to Improving Real Estate Market

Pending sales of Lake Travis area single family homes were up 18.57% year-over-year in September.  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.  With the end of the federal tax credit for first-time home buyers ending November 30th, we expect sales to be strong through the end of October.

Lake Travis area home sales were down in September, decreasing 27.12% from August.  Year-over-year, Lake Travis area home sales were up 10.67%.  Year-to-date, Lake Travis home sales are down 1.69%.

Inventory declined last month, down 8.82% from August and down 10.08% compared to last September.

The median price remained constant from August and was down 8.85% compared to September 2008.  The average price dropped 12.06% from August and was down 22.92% year-over-year. 

The sales price to list price ratio increased 300 basis points to 95%.

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.