October 2015 Austin Real Estate Market Report A comprehensive report on the Austin and Central Texas real estate market. Volume 10, Issue X

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Year to Date Sales – October 2015

Year-to-date sales in Austin are higher than in the prior seven years, showing increasing demand and an improving market.

1 25,000

20,000

15,000

10,000

5,000

0 2003

2004

2005

2006

2007

2008

2009

2010

2011

WEST AUSTIN PROPERTIES 3312 River Road ● Austin, TX 78703 Direct (512) 345‐1252 ● Email [email protected]

2012

2013

2014

2015

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Homes Sold per Month – September 2015

The chart below follows the trends of numbers of homes sold during any given month. Last month there were 2,396 homes sold in Austin, Texas. More homes sold in September than in the six previous years during that month!

2

3,500

3,000 2009

2,500

2010 2011

2,000

2012 2013

1,500

2014 2015

1,000

500

0 Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

WEST AUSTIN PROPERTIES 3312 River Road ● Austin, TX 78703 Direct (512) 345‐1252 ● Email [email protected]

Oct.

Nov.

Dec.

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5

Homes For Sale – October 2015

The chart below follows the trends of the number of homes for sale during any given month. At the beginning of

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October, there were 6,541 homes for sale in Austin, Texas. There are 6.27% more homes for sale than last year at this time.

12,000 11,000

10,000 2008 9,000

2009 2010

8,000

2011 2012

7,000

2013 6,000

2014 2015

5,000 4,000

WEST AUSTIN PROPERTIES 3312 River Road ● Austin, TX 78703 Direct (512) 345‐1252 ● Email [email protected]

© Copyright 2015 All Rights Reserved.

6

Pending Sales per Month – October 2015 The chart below tracks the number of Pending Sales in the market. These are homes that are Under Contract that have yet to close. This month there are 3,439 homes Pending in Austin, Texas. This is the highest

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number of October pendings in the last 7 years. Because of qualifying, mortgage and approval rates it is taking

longer to go from contract to close. 5,000 4,500 4,000 2008

3,500

2009

3,000

2010 2011

2,500

2012 2,000

2013 2014

1,500

2015 1,000 500 0 Jan.

Feb.

March

April

May

June

July

Aug.

Sept.

WEST AUSTIN PROPERTIES 3312 River Road ● Austin, TX 78703 Direct (512) 345‐1252 ● Email [email protected]

Oct.

Nov.

Dec.

© Copyright 2015 All Rights Reserved.

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Home Sales by Price BandSeptember 2015 Overall we are in an Extreme Seller’s Market with 2.70 months of inventory. On average, home prices are showing High Appreciation for the year. However, the Market is different based on demand and the number of homes for sale

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in each price range. Homes valued under $500,000 are in a Normal or Extreme Seller’s Market.

Price Range

# of Solds

$0-$100k

Active Listings

Months of Inventory

Sold % of List

Market

34

169

4.97

94.26% Normal Seller's market

$100-$200k

659

638

0.97

99.10% Extreme Sellers Market

$200-$300k

842

1576

1.87

98.47% Extreme Sellers Market

$300-$400k

388

1238

3.19

97.98% Normal Seller's market

$400k-$500k

189

888

4.70

97.74% Normal Seller's market

$500-$600k

82

525

6.40

96.82% Balanced Market

$600-$700k

85

328

3.86

97.71% Normal Seller's market

$700-$800k

34

211

6.21

97.25% Balanced Market

$800-$900k

36

170

4.72

96.76% Normal Seller's market

$900-$1M

15

134

8.93

96.44% Balanced Market

$1-$2M

42

407

9.69

95.37% Normal Buyer's Market

$2-$3M

6

125

20.83

95.04% Extreme Buyer's Market

105

105.00

$3M