Senna Hills is a growing community in Travis County, just West of Austin on Bee Caves Rd. I had higher hopes for the sales in Senna Hills this year, but am slightly disappointed.
Unlike a community just down the street who had impressive sales in 2010, Lake Pointe, Senna Hills still remains below the area averages in terms of List Price to Sales Price ratios and Days On Market. Granted, Senna Hills is a little higher price point than Lake Pointe, but the numbers should still be comparable.
Below is a chart of the 2010 List Price to Sale Price information. What do I find interesting about this chart? I find it interesting that the homes that sit on the market longer are selling for a higher price ratio. That seems backwards! Typically, the longer a house sits on the market, the lower a home owner tends to sell his/her property.
I wanted to see how many properties made up the different groupings, so below is a chart for the number of properties in each group. I wish all the colors matched up, but the system likes to confuse us by not doing so. The blue, green, and yellow match, and then the red and aqua are switched so look closely...
What I take away is that averaging only 2-3 sales in each group for such a long period of time is not the most accurate accounting. However, the 0-30 days and the 120+ days (aqua on the line graph), which are both ends of the spectrum, are enough data to give a more accurate picture. The numbers tell me that there are some stubborn home owners living in Senna Hills that are willing to sit in their houses until they get their desired price. My stance on this? Read my market report on Senna Hills - Austin TX - Homes for Sale Market Report from September 2010. To sum it up, most home owners are spending more to stay in their homes to wait for that perfect price...
Do you have the time and money to wait?
*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.
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*The City of Bee Cave - The Hill Country Galleria - Hosting Parade for Lake Travis High School State Champions * was first published on donnahomesblog.com.