Lakeway TX Homes for Sale are telling an interesting story in our current Austin Texas market. I pulled up sales history for the past 37 days, that's September 1st through today. I wanted to make sure I captured any sales data from closings that were held over from August into the first week of September.
Currently, there are 178 houses for sale in Lakeway TX. This does not include condos, only houses.
The houses range from a 1232 sqft 3 bedroom home listed at $164,900 to a 6964 sqft 5 bedroom home listed at $3,495,000. There are many price ranges in between, but they average $563,038 for a 4 bedroom, 3 1/2 bath, 3112 sqft home built in 1994 with an average days on market (DOM) of 179 days.
18 of the currently active properties are over $1 Million. That's a very small percentage, 10%, but helps put the average into perspective.
In the past month, there are currently 19 properties that are Contract Pending. Only one of those is over $1M, which is 5%. The average pending property is a smaller, older home, built in 1991 with 3 bedrooms, 2 1/2 baths and 2549 sqft. The average asking price of these pending properties is $379,778, and I'll be watching for their sold prices.
The SOLDS is what is most important... there have been 16 sales in the past month which is a very small percentage of what is currently active on the market. Not much of a dent in the inventory. What's interesting to note is that the sold properties have higher prices than the currently pending properties. You don't see that very often.
However, the Sold properties took an average of 205 days to sell whereas the pendings took 151 days. Could the 2 months time motivate home owners that much to lower their prices to not sit on the market any longer?
For further perspective, the Sold properties averaged a 2718 sqft, 3 bedroom, 3 1/2 bath home built in 1994. And even with being on the market for 205 days, the average asking price to sales price was a high 96%!! Sellers are definitely waiting for their prices!
More things to note: Under the pendings, properties went under contract at 14 days, 18 days, 6 days, and 4 days. Under the Solds, properties went under contract at 31 days, 19 days, 12 days, 10 days, and 8 days. Even though the averages were significantly higher, properties priced well that showed well are still selling rather quickly!!
If you live in Lakeway TX and need a professional to show you how to price well in addition to staging well, contact me today! If you're a buyer looking for Lakeway TX Homes for Sale to move into the area, let me put my market knowledge to work for you.
**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.
For real time Austin MLS listings, click here.
** #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.
* Real Estate - Lakeway TX Homes for Sale - Austin Texas - Market Activity *
Hi Donna. My bro lives in Lakeway.
I like how you move to Austin and don't skip a beat. Great job.
Ken
Ken, Thanks! I've learned a lot this past year!