Monday, August 13, 2012

NORTHWEST AUSTIN HOMES: Thinking of selling your home? Now is the time.

NORTHWEST AUSTIN HOMES- Thinking of selling your home?  Now is the time.

Have you been on the fence about selling your home?  Not sure about the housing market?  Is the market going down or up?  Quite simply, now is the time to sell.  Northwest Austin has seen a lot of growth in tech companies.  Many of these companies are relocating employees from other parts of the US or other parts of the world.  With all of these people moving to the area, along with a low inventory of homes, and historically low interest rates, the NW Austin Housing market has been competitive.

The future is unknown.

We all know that interest rates will start to creep back up and economic forecasters say that it will not be a slow process.  When the cost of a mortgage goes up (higher interest rate), buyers will not be able to afford as much house as they can today. 

Is it a sellers market?

Yes.

Just taking a look at the Hunters Chase subdivision in Northwest Austin, there have been 12 home sales in the last 6 months.  There are currently 5 homes under contract (contract was generally written in the last 30-45 days) and 6 homes currently for sale.  That is a 2-3 month inventory of homes no matter how you look at it.

Homes have been on the market 34 days before accepting a contract and have sold for 95% of the list price.

In the NW Austin market area as a whole (including areas such as Hunters Chase, Milwood, Balcones, Canyon Creek, Anderson Mill, etc.) we are seeing a similar snapshot.

380 homes have sold in the last 6 months, 101 now have a pending contract (last 30-45 days) and there are 147 homes available so again there is a 2-3 month inventory of homes available for sale.

Homes have been on the market 34 days before accepting a contract and have sold for 97% of the list price.

Does this mean that selling a home in NW Austin is easy?

No. It can be easy when you work with a professional that is familiar with the detailed issues we deal with in our current market.

Call me today so we can discuss a detailed plan for successfully marketing and selling your home.

Talk to you soon.

Posted by Brian W Martin REALTOR with Keller Williams Realty 
specializing in Assisting Buyers and Sellers of Residential Real Estate in
Northwest Austin, TX

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