An interesting article in the Austin American Statesman this past Sunday shows research from austinhomesearch.com about what price range is selling in Austin based on pending sales January 5-11.
How many homes have pending contracts:
$1 million and up 11
$900k-$999,999 3
$800k-899,999 5
$700k-799,999 6
$600k-$699,999 16
$500k-599,999 16
$400k-$499,999 40
$300k-399,999 84
$200k-299,999 184
$100k-199,999 386
$0-$99,999 58
The most interesting thing is that people we assuming that the mortgage crisis was going to make it more difficult for lower income buyers to buy but this doesn't seem to be the case since the highest activity is between $100k-200k.
Robin Scott, Broker. Certified Residential Specialist, Accredited Buyers Representative, Seller's Representative Specialist. 512.589.7988.
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