AUSTIN MARKET UPDATE

Summer is finally here, at least in Austin, and our summer buying season is already in full swing! Our economy continues to lead the nation with more than 150 people relocating to Austin every day, driving home prices higher and pushing inventory to record lows.

We just completed our month-end analysis of the Austin real estate market where we compared year over year April sales from the Austin Board of REALTORS®. We found that our record-low inventory contributed to a significant year over year increase in homes sales and prices.

Austin Real Estate Market Snapshot
April 2012 vs April 2013

• $794,158,365 – Total dollar volume of single-family properties sold, 52 percent more than April 2012
• $227,250 – Median price for single-family homes, 8 percent more than April 2012
• 2,563 – Single-family homes sold, 32 percent more than April 2012
• 50 – Average number of days that single-family homes spent on the market, 19 days fewer than April 2012
• 3,561 – New single-family home listings on the market, 10 percent fewer than April 2012
• 5,488 – Active single-family home listings on the market, 25 percent fewer than April 2012
• 2,976 – Pending sales for single-family homes, 20 percent more than April 2012
• 2.7 – Months of inventory of single-family homes, 1.3 months less than April 2012

Any market with less than 6 months of inventory is considered a seller's market, and Austin is down to a mere 2.7 month supply of available homes. In most areas, sellers can expect strong interest in their homes and buyers should be prepared to compete for properties.

If you are in the market to buy, you need to be pre-qualified (let us know if you need a good lender) before sellers will take your offer seriously. The best deals are gone in a matter of hours, often with multiple offers, so tell us what you're looking for, and we will set you up with a custom MLS alert that will email you when new listings that match your criteria hit the market.

With so many buyers competing for so few homes, it is a great time to sell in most areas. Send us the details on your home and we will get busy preparing a comprehensive analysis of your home's value in today's market, and a marketing plan designed to get your home sold for top dollar.

Thank you for taking the time to read our newsletter! It is always our pleasure to help, so please contact us whenever you have questions about real estate. And, please remember, we always appreciate your referrals.

Lake Travis
8416 Lime Creek Rd 78641

Barton Creek
8324 Calera Dr 78735

Seven Oaks
1 Old Stable Ln #A 78746

Flintrock at Hurst Creek
402 Golden Bear Dr 78738

Tarrytown
3105 Pleasant Run Pl 78703

Lakeway
109 Lakeway Dr 78734

Grand Mesa at Crystal Falls
1310 Ventana Cyn 78641

The Polo Club at Rooster Springs
300 Pemberton Way 78737

Flintrock
221 Golden Bear Dr 78738

Hills of Lakeway
12 Radnor Dr 78738

Point Venture
338 Southwind Rd 78645

Apache Shores
14615 General Williamson Dr 78734

Tarrytown
2101 W 10th St 78703

Highland Park
4700 Finley Dr 78731

Highlands
5014 Martin Ave 78751

North Loop
4718 Depew Ave 78751

Ashbrook Condos
109 Texas Ash Cv 78652

Thirty Eighth & Duval Condos
409 38th St #205 78705

Ridgetop Condos
304 E 33rd St #10 78705

South Congress
1907 Brackenridge St 78704

Sunset
7326 Pusch Ridge Loop 78749

Creekside Terrace Condos
2303 East Side Dr #120 78704

Buda
125 E Overlook Mountain Rd 78610

Kyle
341 Leonardo 78640

Springfield
7903 Bannock Ln 78747

Circle C
11401 Archstone 78739

Escondera Condos
7800 Southwest Pkwy #613 78735

Lantana
7905 Menler Dr 78735

Escondera Condos
7800 Southwest Pkwy #1812 78735

Sierra Vista Condos
7901 Southwest Pkwy #16 78735

Dripping Springs
700 Longview Cir 78620

Violet Crown Heights
1305 Alguno Rd 78757

Willow Run
15505 Ozone Pl 78728

Quail Creek
1303 Neans Dr 78758

Macmora Cottages
10700 Macmora Rd #114 78758

Canyon Creek
9709 Cinnabar Trl 78726

Liberty Hill
220 Drystone Trl 78642

Windsor Park
6316 Dorchester Dr 78723

Mckinley Heights
1607 Mckinley Ave 78702

Chestnut Commons Condos
1601 Miriam #316 78702

Avery Ranch
16008 Double Eagle Dr 78717

Meadows Brushy Creek
16501 Lounsbury Pl 78717

Sonoma
2157 Paradise Ridge Dr 78665

Sendero Springs
204 E Adelanta Pl 78681

The Villages of Hidden Lakes
18112 Masi Loopr 78660

Falcon Pointe
19713 Drifting Meadows Dr 78660

Springbrook Glen
1021 Howeth 78660

Red Oaks
1402 Fieldstone St 78613

Avery Ranch
14001 Avery Ranch Blvd #603 78717

Shenandoah
2810 Great Valley Dr 78613

Haven Heights
1213 Haven Ln #103 78626

Berry Creek
30103 Hamlet Cir 78628

Parkside at Mayfield Ranch
239 Fort Mabry Loop 78628

Riverview Estates
105 Oakmont Ct 78628

Cedar Creek
194 Shady Oaks Loop 78612

Manor
13501 Green Lodge Ct 78653

Smithville
201 2nd Ave 78957