8/10/2019 November 2014 Austin

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Hello! Austin Real Estate News---------------------------------------------------------

 AUSTIN, Texas – November 20, 2014 – According to the October 2014Multiple Listing Service (MLS) report released today by the Austin Board ofREALTORS® (ABoR), Austin-area home sales soared 16 percent year-overyear to 2,403 single-family home sales, the largest year-over-year increasein home sales to date this year and an all-time high for the month of October.Single-family home prices for the Austin area also set a record for the month ofOctober.

Bill Evans, 2014 President of the Austin Board of REALTORS®, explained,“It’s always exciting to see a record-breaking month in real estate, but let’sremember that high demand often leads to high prices. For example, thismonth’s results show that it costs a typical homeowner $23,000 more to buy ahome than one year ago. For some Austinites, that kind of price increase couldmean looking at homes smaller in size, further outside the Austin area, or notbeing able to afford to buy a home at all. This just underscores the importanceof housing affordability as a key issue going into 2015.”

Evans concluded, “Many of Austin’s City Council positions, including mayor,are yet to be decided. This is Austin’s last opportunity to choose a City Councilthat will ensure that Austinites can afford to buy a home in the neighborhoodswhere they live. ABoR urges Austinites to vote early December 1 through 12 oron Dec. 16 for City Council candidates who will prioritize housing developmentand affordability issues in 2015.”

October 2014 Statistics

2,403 – Single-family homes sold, 16 percent more than October 2013.

$240,000 – Median price for single-family homes, 11 percent more thanOctober 2013.

$311,028 – Average price for single-family homes, 11 percent more thanOctober 2013.

50 – Average number of days single-family homes spent on the market, twodays longer than October 2013.

2,850 – New single-family home listings on the market, 11 percent more thanOctober 2013.

6,170 – Active single-family home listings on the market, 11 percent more thanOctober 2013.

2,255 – Pending sales for single-family homes, nine percent more thanOctober 2013.

2.7 – Months of inventory of single-family homes, 0.2 months more thanOctober 2013.

$747,400,284 – Total dollar volume of single-family properties sold, 29 percent

more than October 2013.

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Co-Lab gallery group headed tonew digs in artsy East Austin

Developer envisions master-planned community for Salado,

north of Austin

Taylor Morrison targets olderbuyers in new master-plannedcommunity

Existing home sales continue topick up pace

Keep Up With

Better Homes and

Gardens Real Estate

Bradfeld Properties

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On the Market

2840 Garnet Ridge Drive Leander, TX 78641

$272,500

2402 Lancaster Drive 

 Austin, TX 78748$280,000

6405 Tanzanite DriveKilleen, TX 76542

$253,000

14002 Saskatchewan Drive Austin, TX 78734

$298,000

3169 Thurman RoadLago Vista, TX 78645

$1,100,000

317 Martinique Pass Austin, TX 78734

$1,599,000

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