AUSTIN HOMES SALES UP! 2011
By more than 30% for the second consecutive month compared to the same time last year.
    Judith Bundschuh, Chairman of the Austin Board of REALTORS® commented, “With the impact of the homebuyer tax credits fully behind us, it’s encouraging to see three consecutive months of year-over-year growth in sales volume for Austin-area homes, particularly the strong growth seen late this summer.”  - Source: Austin Board of REALTORS

MORTGAGE RATES DROP.
The 30-year fixed-rate mortgage, the most popular choice among home buyers, dropped to its second lowest reading on record this week (October 31, 2011.)  
     30-year fixed-rate mortgages: averaged 4 percent down from last week’s 4.10 percent average. The 30-year fixed-rate mortgage is the second lowest on record. In 4th quarter 2010, 30-year rates averaged 4.24 percent. 
     15-year fixed-rate mortgages: averaged 3.31 percent, down from last week’s 3.38 percent average. In 4th quarter 2010, 15-year mortgages averaged 3.63 percent. - Source: Freddie Mac

AUSTIN AREA MARKET STATISTICS
SEPTEMBER 2011
Homes Sold: 1,681 - DOWN 21.5% from August
Median Sales Price: $250,832 - UP 22% from August
Days on Market: 81 - UP 8% from August
Active Listings: 9744 - DOWN 12.5% from August
- Source: Austin Board of Realtors

REDUCED!
CUSTOM HOME ON ONE ACRE LOT FOR SALE IN BASTROP. REDUCED - $332,000

119 Winchester in The Colony. This is a 4/2.5.2 with 2 living, 2 dining and an oversized patio for entertaining. It has a fenced back yard, wood laminate in living areas, travertine in wet areas, granite countertops, stainless appliances, dual vanity in master plus separate shower and jetted tub. Master down. Refrigerator conveys. Community pool, park, jog/bike and more. Gated. sprinkler system front and back. Purchase furnished for additional $4,150. Visit the virtual tour at http://www.tourfactory.com/idx793191. ONLY $332,000.

HOME FOR SALE - EAST AUSTIN CHARMER. REDUCED - $204,900.

2535 Sol Wilson in east Austin was built in 2003. It's a 3 bedroom/1.5 bath home with 1160 sq.ft. per CAD. Located at the end of the block it has an ope floorplan with all tile downstairs, updated light fixtures, a tile countertop in the kitchen, indoor utility room and a security system. Conveniently located only minutes from downtown and shopping with a community garden. http://www.tourfactory.com/755502 ONLY $204,900.

Austin, Texas. Robin Scott, BROKER. Certified Residential Specialist, Accredited Buyer's Representative, Seller's Representative Specialist. 512.589.7988.

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