Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Senna Hills Austin TX - Market Report Homes for Sale - All of 2012

Senna Hills Austin TX - Market Report Homes for Sale - All of 2012

 Senna Hills had another outstanding year for sales. In 2009 and 2010, I was always hard on the Senna Hill homeowners because they were asking too much and their properties weren't selling. Senna Hills took a turn for the better in 2011, and it continued into 2012. Here is the Senna Hills Market Report 2011 I did last January so you can compare the difference to 2010.

Below, you will see charts comparing 2012 with 2011. Please excuse the color coding as it's system generated, and can't be changed. The colors don't match up, chart to chart, but look at the legend in each chart to see what compares.

First, I want to point out that the number of sales was basically flat in Senna Hills in 2012. There were 30 sales compared to 31 in 2011.

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 Days on the Market is an astounding chart!  In 2011, about 35% of listings sold in under 30 days. In 2012, that number changed to more than 63%, almost two thirds!!  When you add in the under 60 days category, 54.9% of Senna Hills houses for sale sold in 2011, and a whopping 76.6% in 2012. That's more than three fourths of the listings selling in under 60 days.  What a huge change year over year!

Another astonishing thing to note is that properties that are taking a little longer to sell dropped significantly as they're selling quicker. In 2012, only a mere 2 properties were on the market over 120 days whereas that number was 7 in 2011. Good for you awesome home owner in Senna Hills!!

Now, let's look at the Listing Price vs Selling Price charts. Not too much of a change here, but the main change that catches my eyes quickly is that the under 30 days in 2012 is actually selling for a tiny bit less than in 2011, by 0.3%. That equates to about $1721 based on the average sales price in 2012 of $573,718. Not sure why sellers took a little less, but people were definitely motivated to sell this year, and take advantage of low rates so they could move on and buy a new house.

 Senna Hills Homes for Sale market report austin tx    Senna Hills Homes for Sale market report austin tx

It's also important to note that just like 2010 and 2011, Senna Hills saw no foreclosures in 2012. As I pointed out before, people think foreclosures are all over, and they really aren't. Senna Hills is not a small community and they haven't had a single foreclosure since 2009 when there were just two.

If you're thinking of buying or selling and would welcome a fresh look at the data, please contact me today and we'll discuss your goals and areas you're looking at. Currently in Senna Hills, there are two properties for sale.

**Are You Packed Yet?**

donna harris Realtor Austin TX blog

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com
austin-texas-homes-for-sale.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 TX listings,click here.

** Multi-Million Dollar Producer Year after Year **

Copyright© 2013 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
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Senna Hills Austin TX - Market Report Homes for Sale - All of 2012* was first published on donnahomesblog.com.

Comment balloon 13 commentsDonna Harris • January 08 2013 07:49AM

Comments

Glad to hear you had another great year.  Have a great 2013.

Posted by Elite Home Sales Team, A Tenacious and Skilled Real Estate Team (Elite Home Sales Team OC) over 4 years ago

Yes, Austin is doing great, thanks!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, a PLR affiliate - TexasRealEstateMediationServices.com) over 4 years ago

Astounding indeed.  A serious buyer had better be prepared to buy in that market or the house will be gone

 

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 4 years ago

Great information Donna.  I've got a client I'm about to refinance in Senna Hills and this will help us to know what kind of value to expect....

Posted by Tom Sauceda (Bancorp South Mortgage) over 4 years ago

Lenn, Exactly!!

Tom, Are they sure they don't want to sell and upsize?? I had a closing with Jeff today. They closed over a week late :)

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, a PLR affiliate - TexasRealEstateMediationServices.com) over 4 years ago

Good reminder I need to do my end of 2012 market reports.

Happy 2013 to you! 

Posted by Erica Ramus, MRE, Schuylkill County PA Real Estate (Erica Ramus - Ramus Realty Group - Pottsville, PA ) over 4 years ago

Great market report for Sienna Hills, Donna.  Pretty impressive improvement for 2012 as well.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 4 years ago

Erica, You too!

Gabe, Thanks!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, a PLR affiliate - TexasRealEstateMediationServices.com) over 4 years ago

This is really a good informatics blog for the upcoming business professionals, I would like to appreciate this blog, I would recommend all the young professionals who wanted to start up own companies and earn a good sources can simply follow the like here as all the technologies are available with the company and the services of leasing is all professional way. One can easily start the business easily by his work of mind, Only the investments are not the big trouble in the business.

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Posted by Harry Willson over 4 years ago

Great report!  Hope the Austin market (and your business) has continued to grow in 2013.

Posted by Kerry Lucasse, Your Nest Atlanta Real Estate Consultant (eXp Realty - Nest Atlanta Team) almost 4 years ago

Fine post and excellent information for all. Have a terrific day.

Posted by David Saks almost 3 years ago

 

Great Blog, Great information for Realtors, buyers and sellers. Thanks for sharing this detailed information about your real estate market.

Posted by Marcus Rice, Richmond & Northern VA REALTOR/Principal Broker, CEO/Owner, CDPE, RAR, PWAR, BBB (Equity First Realty ) about 2 years ago

Great Market Report. Thanks for the information on the local community sales!

Posted by Bob Baesmann, DFW Team Realty | 972-978-8800 ( DFW Team Realty) almost 2 years ago

Participate