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Market News and Trends

A quick footnote — “days to sell” by price range


Following up on another post today about the market environment on and near Lake Travis, I want to comment quickly, that although lake-area homes are generally more expensive than the median home in the Austin metropolitan area, the market velocity issues discussed in that post are not price-driven.  Here’s a look at Days to Sell by Price Range over the past 2 1/2 years in the metro area:

Days to Sell by Price Range 2013 through June 2015

Notice that even at $1,000,000 and up, the median days to sell was 51 days.  That compares to 98 days for homes with Lake Travis views, and to 84 days for waterfront homes.  In the $250,000 to $300,000 range, the metro-area median was 18 days, while view homes took 73 days to sell, and the lakefront median was 93 days.

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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