Lake Pointe Bee Cave Austin TX is a very nice neighborhood in West Austin. Over and over again, I say how consistant the Austin TX real estate market has been, and this neighborhood is a shining example of that.
Below is a graph showing the List price to the Sales price ratios for the Lake Pointe neighborhood in the 4th quarter of 2010. As you can see, even in the Winter months when real estate is typically slower and houses sell for slightly less than average, the homes on the market under 30 days were sold very strongly at almost 99% of their asking price! No desperate sellers here, like many people like to think.
When you take the 4th quarter chart and compare it below to the Year to Date 2010 chart, you'll see very similar numbers, except for the green 61-90 day listings. Granted, 96.01% and 93.98%, barely a 2% spread, are very close numbers, but still considerably different than the other listing groups...
Why is there a difference? I can only give you my opinion, and that's because it's the end of the year. These were sellers who listed right after school started, which is not the smartest time to list as most parents don't want to take their kids out of school right at the beginning of the year. They probably already bought a house or are waiting until the semester break.
Also, because they listed right when people have stopped looking for a few weeks, they're a little discouraged because of lack of showings... Once October arrives and showings pick up again, they are now more motivated to close before the Holidays come in one month, November... they're more willing to take a lower price than another home owner who listed at a different time.
But, overall, in Lake Pointe Bee Cave Austin TX, if you price your home correctly within the first 30 days, and give a good presentation, you're going to get a great result!!
*Are You Packed Yet?**
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.
** #1 Agent in my Office for all of 2008 **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Lake Pointe - Bee Cave Austin TX - Year End 2010 Market Report * was first published on donnahomesblog.com.