Homes in Lake Pointe Austin - Bee Cave TX Market Activity - tell an interesting story. At the end of July, I wrote a blog post called Lake Pointe Austin TX Market Activity, and it explained how things were going in May, June, and July 2009.
I have decided to revisit the community to show you the Lake Pointe Austin - Bee Cave TX activity over the past 90 days of July, August, and September 2009.
Two months ago, there were 42 properties on the market, where as now, there are only 33. Did that many more homes sell?? You would think so, but that's not exactly the case.
Two months ago, there were 9 Pending properties and 14 Sold properties during the previous 3 month's activity. Strangely enough, the past three months show the exact same figures of 9 Pending and 14 Sold properties. That means, there weren't more that sold, but less new listings coming on the market. In the past 60 days, there have only been five new listings in Lake Pointe, but 18 listings have Expired or been Withdrawn from the market.
How do the numbers stack up against two months ago??
In July 2009, the average Active property was listed at $583,371 and on the market for 109 days. Do you think the sellers lowered their prices to get them sold?? Of course not! The current active property is listed at $586,982 and they've been sitting there, an average of 159 days!! What are these sellers thinking? What are their listing agents telling them?
In July 2009, the average Pending property was listed at $433,850 and on the market for 94 days. Do you think the sellers that actually received offers and contracts on their home had lower prices? But of course they DID!! The current Pending property is listed at $424,144 and only on the market for a mere 65 days!! That's great news for those sellers!
What does that tell me and you?? The homes that are sitting and sitting on the market in Lake Pointe Austin TX are still priced well above where buyers are going to even submit an offer. And if they are submitting low-ball offers, at actual market price, the sellers' heads are still in the clouds expecting higher prices so they'll sit and sit and become more stagnant on the market.
If you have a house to sell in Lake Pointe Austin TX, please contact me so we can work the numbers together and price your house to sell and not to just sit on the market with a sign in the yard!!
**Are You Packed Yet?**
Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com
Austin TX Real Estate and the
surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park,
Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in
between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
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** #1 Agent in my Office for all of 2008 **
All my blog posts were first published on donnahomesblog.com.
Copyright© 2009 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lake Pointe Austin - Bee Cave TX - Market Activity *
... love the commentary about why the numbers are where they are Donna !
Hopefully the sellers will come down from the clouds soon :o)
Sheldon, I sure hope so as I have buyers for the area, but the sellers aren't awake!