Hello!

Austin Real Estate News

---------------------------------------------------------
After a double-digit surge in home sales last month, Austin-area home sales
dipped three percent to 2,944 single-family home sales in July 2014, according
to the Multiple Listing Service (MLS) report released today by the Austin Board
of REALTORS (ABoR). This is the frst decrease in home sales since May
2011. At the same time, monthly housing inventory increased on a year-over-
year basis for the frst time in three years as more listings entered the market.

Bill Evans, 2014 President of the Austin Board of REALTORS , explained,
July 2013 had the highest monthly home sales volume in Austins history,
so we knew it was going to be a tough month to beat. However, theres no
denying that the Austin-area housing market has been impacted by issues in
inventory and affordability. With such high demand, the Austin-area housing
market cannot grow without an increasing, continually replenished housing
stock, but that housing stock must also be affordable and attainable for Austin
homebuyers.
Evans concluded, Amid questions about the direction of Austins market, we
dont believe this small decrease in home sales is indicative of a negative
trend. The high demand for Austin real estate over the last few years continues
to be fueled by strong job and economic growth in the Austin area. The issue
were facing now is not whether Austin-area property values will fall, but
whether future housing market growth in the Austin area will be stifed by a lack
of affordable housing options for Austin-area homebuyers.

July 2014 Statistics:
2,944 Single-family homes sold, three percent less than July 2013.
$250,000 Median price for single-family homes, nine percent more than
July 2013.
$318,854 Average price for single-family homes, seven percent more
than July 2013.
39 Average number of days single-family homes spent on the market,
two days fewer than July 2013.
3,788 New single-family home listings on the market, eight percent more
than July 2013.
6,859 Active single-family home listings on the market, 12 percent more
than July 2013.
2,660 Pending sales for single-family homes, four percent less than July
2013.
3.0 Months of inventory* of single-family homes, 0.2 months more than
July 2013.
$938,706,176 Total dollar volume of single-family properties sold, four
percent more than July 2013.
In the News:
2,000 homes, 400 apartments
planned for Georgetown
As prices rise, Austins million-
dollar-plus homes take longer to
sell
Home builders confdence in
housing market up for third
month in a row
Austin hottest real estate market
in the US
Austin, Urban Land Institute
seek input for cut and cap idea
for I-35
Austin Real Estate Council
endorses urban rail
Keep Up With
Better Homes and
Gardens Real Estate
Bradfeld Properties
-----------------------------
-----------------------------------------------------------------------------------------
On the Market
3169 Thurman RD
Lago Vista, TX 78645
$1,100,00
6304 Bon Terra Dr
Austin, TX 78731
$949,000
3931 Far West Blvd
Austin, TX 78731
$559,000
49 Country Oaks Dr
Buda, TX 78610
$474,950
6401 Colina Ln
Austin, TX 78759
$419,000
317 Martinique Pass
Austin, TX 78734
$1,599,000
-----------------------------------------------------------------------------------------
Real Estate Quick Tips - Choosing a Community
For more lifestyle and home
improvement videos, visit the
Better Homes and Gardens Real
Estate YouTube Channel here.