Just because the market in Austin is great overall, it doesn't mean that everyone's situation is perfect. If you have little, no, or even negative equity, you can still sell your home fast in Austin, Texas...with the aid of a real estate professional.
Austin, Texas (PRWEB) August 24, 2012
Shenoah Grove of Hippie Hollow Homes in Austin, Texas, releases a report of how the Austin real estate market performed in July 2012.
From the viewpoints of real estate professionals and knowledgeable onlookers, the Austin Real Estate Market remains alive, well and very active.
However, according to Shenoah Grove of Hippie Hollow Homes, an Austin, Texas real estate company dedicated to assisting distressed homeowners with solutions to sell their house fast, statistics do indicate some changes in direction which suggest that consulting with a professional would be a wise move for most people looking to relocate in or to the area.
"The Austin, Texas real estate market is a great place in which to live, and to its credit, the median home sale price here has increased by more that four percent from July 2011, while the median-priced home is taking nearly five percent less time to sell," says Ms. Grove. "However, once we eliminate the word ‘median,’ though, the picture shows a sharp division."
The latest data (June 2012) indicates less than four month’s available inventory of houses under $700,000 and almost a full year’s inventory of residences priced over that amount.
"Placed in another perspective, if you are the seller of a home priced at $200k, start moving your furniture into storage today because it will take less than three months to sell your home," continues Ms. Grove, who, along with her husband, Phill Grove, has participated in more than 1,200 real estate transactions in Central Texas since 2003.
"If, on the other hand, your property is valued ten times higher ($3M) it will take 33 times longer to sell. You might wait for eight years, according to the current figures."
Right now, lower end housing is definitely the seller’s market in Austin. It continues to go up in price and down in terms of time to sale date.
"Just because the market in Austin is great overall, it doesn't mean that everyone's situation is perfect," says Ms. Grove. "If you have little, no, or even negative equity, you can still sell your home fast in Austin, Texas. But you may require the assistance of an experienced real estate professional to do so."
To read the full report, please visit http://www.hippiehollowhomes.com/austin-real-estate-market-trends-july-2012/.