The community of Spillman Ranch, more commonly known as Falconhead, has shown some fairly good sales this year. The community is almost completed with just a couple of inventory homes from one builder left. Look at the sales data from about September through November of 2010 vs 2011.
In 2010, homes were selling, for the most part, in under 60 days. After that, there was a gap in sales and homes stayed on the market over 120 days and selling less of their asking price.
Compared to the same period in 2011, priced well and showing well, properties sold within the first 30 days. After that, properties did lack between the 30-60 day period, but were more consistent from 60 days+.
This tells me that in 2010, people were more afraid to buy in the fall and winter months, but in 2011, with record low mortgage rates, people are out there buying, and sellers are selling, and it's a good time!
If you are looking to buy or sell in the Falconhead area of Bee Cave, Austin TX, please don't hesitate to contact me today!
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Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Spillman Ranch - Falconhead - Bee Cave Austin TX- Market Report * was first published on donnahomesblog.com.