—Westside Sales Stats

A bit of a mixed-bag for home sales results in our Westside at Buttercup Creek neighborhood:  on the plus side we had only 3 homes for sale (vs. our 7/mo YTD avg) going into the slower winter months; our Activity Ratio jumped to 75% (vs. our 58% YTD avg); and our home sellers received an incredible $155.86/sf which is 20.3% MORE than last year’s sellers received!  On the down side, our inventory went up to 1.5 months; days on market were higher in 2 categories; and we only sold 2 homes (vs. our 8.4/mo YTD avg).

Did you know you can exclude most, if not all of the taxable income from the gain on the sale of your home?  The IRS allows a seller to exclude from taxable income a gain of up to $250,000 on the sale of their home (or $500,000 if married filing jointly) if they:

  • owned the home and used it as their principal residence during at least two of the last five years before the sale

  • didn’t acquire the home through a 1031 exchange during the past five years

  • didn’t exclude a gain on another home sold during the two years before the current sale

To learn more, see:  Excluding Gain from the Sale of Your Home.  It might make sense to cash-in on the large equity gain most Austin-area homeowners have seen since the bull market began in spring of 2011. Contact us today by phone/text at (512) 730-1252 or via email at info@AustinTxHomeSales.com if you would like a free, no-obligation market analysis (CMA) of your home to see how much you would net from the sale.

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October presented a mixed bag of home sale results in our Westside @ Buttercup Neighborhood with:  Fewer pending sales (ie-have a contract but not closed) than our average YTD number of 9.6; Activity Ratio dropped some to 42%; and our 7 homes for sale have been on the market longer than normal (YTD avg is 37 days).  On the positive side, however, we pulled out of the slump in September with 10 sales (our 3rd highest month) and they got an incredible 11.4% more/sf than last year’s sellers received!

 

For those home sellers who aren’t sure about selling this year, or just want a general idea of their home’s value, we recommend the “Market Snapshot” program. This free service pulls data from our MLS (Multiple Listing Service) for similar homes in your neighborhood on a regular basis (every 2, 4, 6, 8, or 12 weeks) and emails it to the homeowner. Create one yourself for your home here:Market Snapshot. It takes about 30 minutes to receive your report. Or, let us know if you–or someone you know–wants me to create a Market Snapshot for their home.

We also have a similar program we can set up for you (or a friend/relative) even if you own property in another state.  It’s called ePropertyWatch.  Let us know if you would like that, too.

 

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A bit of a slowdown for home sales in our Westside @ Buttercup Creek neighborhood, but not that unusual since this typically happens in the fall/winter.  We had too many homes for sale; inventory jumped and we only had 5 sales (vs. our 8.67/mo YTD avg), but we also had lower days on market in 2 categories and our 5 sellers got 6.4% more/sf than last year’s sellers received.

Did you know that 42% of homes sold in the Austin metro area sell during the 50% of the year from October to March?  A common myth is that you should only sell your home during the spring/summer months, but the above statistic proves that wrong.  Homes that are in great condition, staged properly and priced right sell year-long in our area.  Call/text the Thomas & Kauffman Team at 512-730-1252 or email us at info@AustinTxHomeSales.com to get your free, no-obligation market analysis (CMA) to see how much you can net from your home sale.

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August home sales in our Westside at Buttercup Creek neighborhood slowed some from where we’ve been this year having 3 yellow categories (tied for our highest month this year).  Our yellows included 11 homes for sale (our 2nd double-digit month in 2019); we only had 7 pending sales (our lowest this year); and our Activity Ratio (future indicator of market activity was down to 39%…also our lowest this year).  On the plus side, our days on market were lower in 2 categories; our 9; sellers got over asking price and they got offers in only 10 days at a whopping 19.6% MORE/sf than last year’s sellers received!

You may have received postcards, flyers, etc about a fairly new concept called “iBuyer” from one of several companies doing this program.  In a nutshell, it offers sellers cash offers in days and a “hassle-free” closing.  However, there are drawbacks to this approach as you can see from this article:  “iBuyers cost sellers up to 15% of a home’s value, study finds“.  The main article requires a password to login, but we can send you a full pdf version of it…just let us know if you want one.

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 over years.

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July produced a great sales month in our Westside @ Buttercup Creek neighborhood with 13 homes selling (our 2nd best this year) who got offers in only 12 days at 100% of their asking price and 10.3% more/sf than last year’s sellers received!  Our inventory also dropped by over half from June’s 1.4 months to only .60 months in July.

For those home sellers who aren’t sure about selling this year, or just want a general idea of their home’s value, we recommend the “Market Snapshot” program. This free service pulls data from our MLS (Multiple Listing Service) for similar homes in your neighborhood on a regular basis (every 2, 4, 6, 8, or 12 weeks) and emails it to the homeowner. Create one yourself for your home here: Market Snapshot. It takes about 30 minutes to receive your report. Or, let us know if you–or someone you know–wants me to create a Market Snapshot for their home.

We also have a similar program we can setup for you (or a friend/relative) even if you own property in another state.  It’s called ePropertyWatch.  Let us know if you would like that, too.

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A few more yellow categories (ie-negative trending) popped up on home sales stats in our Westside at Buttercup Creek neighborhood last month like: too many homes for sale (our YTD avg is 6.3); inventory moving up to 1.4 months (our YTD avg is .90–still very good since a buyer’s market doesn’t begin until 6+ months); and our Activity Ratio moved down slightly to 55% (our YTD avg is 63%).  However, our days on market went down for 2 of the categories including our 7 home sellers who got offers in only 7 days at a whopping 11% more/sf than 2018 sellers received.

184 Things Real estate Agents Do To Earn Their Commission  Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR® provides during the course of a real estate transaction. At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional knowledge and just plain hard work that go into bringing about a successful transaction were understood and appreciated.  Listed here are nearly 200 typical actions, research steps, procedures, processes and review stages in a successful residential real estate transaction that are normally provided by full service real estate brokerages in return for their sales commission.

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 over years.

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May was a good one for home sales in our Westside at Buttercup Creek neighborhood with:  Inventory remaining low at 1.1 months (up slightly from our .80 YTD avg, but still very low); our days on market were down in all 3 categories; and our 7 home sellers got 100% of their asking price at an average of $137.14/sf (+5.8% over last year).

Home Sellers: It’s not too late to put your home on the market as we still have nearly 3 solid months of peak selling season left. Our website has a tab with lots of information and tips to help you like: a free market analysis of your home; our marketing plan to sell your home; a “Market Snapshot” which gives you regular pricing in your neighborhood; home selling tips; and info if your home is considered a luxury (over $500k in Austin) home.  Go to our website, www.AustinTxHomeSales.com and click on the “Seller” tab to learn more.  

And, we’ve extended our $1,000 back at closing offer through August 31!  Here is the link to the coupon:  $1,000 Coupon.

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 over years.

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April was another solid month for home sales in our Westside at Buttercup Creek neighborhood with:  only 5 homes for sale which kept our inventory very low at only .50 months (the number of months it would take to sell all homes currently for sale at the current sales pace); lower days on market for 2 of our categories; and 13 home sales where the sellers got 8.2% more/sf than last year’s sellers received.  

Did you know you can exclude most, if not all of the taxable income from the gain on the sale of your home?  The IRS allows a seller to exclude from taxable income a gain of up to $250,000 on the sale of their home (or $500,000 if married filing jointly) if they:

  • owned the home and used it as their principal residence during at least two of the last five years before the sale

  • didn’t acquire the home through a 1031 exchange during the past five years

  • didn’t exclude a gain on another home sold during the two years before the current sale

To learn more, see:  Excluding Gain from the Sale of Your Home.  It might make sense to cash-in on the large equity gain most Austin-area homeowners have seen since the bull market began in spring of 2011.

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 over years.

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March produced solid numbers for our Westside at Buttercup Creek neighborhood with:  only 4 homes for sale (out of 1,427); an incredible 15 pendings (under contract but not closed yet); 79% Activity Ratio (future indicator of market); and 9 home sales where our sellers got 2.3% more/sf than 2018 sellers.

Our neighborhood has felt the surge in home sales like most of Austin has seen since the beginning of February.  There was concern about a slowdown, both nationally and locally, at the end of 2018, but we’ve shaken that off with the announcement of Apple adding to their campus and lower mortgage rates the past few months.

April is the best month to list your home for sale (Sell your home in April) and the Thomas & Kauffman Team is offering $1,000 back to sellers at closing who list with us by 6/1/2019 (Coupon).   Here is a part of our plan to sell homes:  Marketing Plan.

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 years.

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Overall, we are having a good start to 2019 with mostly green categories (ie-trending positive) like: only .90 months of inventory; Activity Ratio of 53%; 8 pending home sales (vs. 5/mo avg in 2018); and 8 home sales (vs. our 6.33/mo last year).  The only negatives were price/sf and higher days on market for sellers. Those were driven by 2 of our sales having unusually high days on market (208 between them) and 1 of them over 4,000 sf (larger homes take longer to sell).

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 years.

 

#WestsideHomeSales #WestsideAtButtercupCreek #WestsidePreserves

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2019 starts off well for home sales in our Westside @ Buttercup Creek neighborhood with mostly green categories:  Only 4 homes for sale is good for our slowest month of the year (too much inventory causes price drops); we maintained the 1.0 month of inventory from December; our Activity ratio shot up to 73% (from a 31% avg last year); and our 4 home sellers got 100% of their asking price in only 15 days at $140.57/sf (+3.6% over 2018 prices).  Our only real negatives were the high days on market for our pendings and only 4 home sales (we averaged 6.33/mo last year…but, January is slow, so 4 isn’t too bad).

 

Are you curious about the value of your home?  For those home sellers who aren’t sure about selling this year, or just want a general idea of their home’s value, I recommend the “ Market Snapshot” program. This free service pulls data from our MLS (Multiple Listing Service) for similar homes in your neighborhood on a regular basis (every 2, 4, 6, 8, or 12 weeks) and emails it to the homeowner. Create one yourself for your home here: Market Snapshot. It takes about 30 minutes to receive your report. Or, let me know if you–or someone you know–wants me to create a Market Snapshot for their home.

 

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 4 years.

 

#WestsideHomeSales #WestsideAtButtercupCreek #WestsidePreserves

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Home sales in our Westside @ Buttercup Creek neighborhood ended 2018 on a mostly positive note as you can tell by the green categories (ie-positive trending) above:  We had only 7 homes for sale going into our 2 slowest months of the year (Jan/Feb); only 1.0 month of inventory (the # of months it would take to sell all homes currently for sale at the current sales pace); an Activity ratio of 42% (over 25% is considered healthy); and 7 home sales where our sellers got OVER their asking price!   

Contact the Thomas & Kauffman Team today if you would like to a free, no obligation market analysis (CMA) and estimated net sheet for your Westside home: (512) 730-1252 or info@AustinTxHomeSales.com.  Dee Thomas & Robert Kauffman have been your Westside neighbors for 5 years.   .   

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Here are the home sales statistics for our Westside @ Buttercup Creek neighborhood for November. As you can see, our home sales dropped to 4 from our 8.33/mo average in 2017, but this is not that unusual since sales are higher in the spring/summer months than fall/winter. Our 4 home sellers received an average of $134.02/sf which is 3.4% more than in 2017. We have been residents of Westside @ Buttercup Creek for 4 years and would love to help you sell your home if you decide to do so. Or, if you are a renter in the area and would like to buy a home, we can help you with that, too. Contact the Thomas & Kauffman Team today if you would like to buy or sell a home in the Austin metro area – (512) 730-1252 or info@AustinTxHomeSales.com