Should You List Your Austin Area Home For Sale Now
Should You List Your Austin Area Home For Sale Now
Many people will tell you that the best time to sell your Austin area home is in the spring. However, is now really the best time to think about listing your home for sale? Well, it may be and it may not be. For many Austin residents, spring likely is the best time to sell your home. However, depending on what type of home you have and where it is located, you may be better off waiting if you want to sell for the most money.
For homeowners in the City of Austin, spring probably is the best time to sell your home. Over the past three years, the median home sales price for single family homes in the city limits has been highest in the summer months. In 2015, the highest median sales price for these homes occurred in May at $360,000. In 2016, the highest monthly median sales price was $377,470 in June. Last year, we saw the highest median sales price occur in June again with the median sales price increasing to $407,500. As you can see, single family homes in the City of Austin really do sell for the most money in the spring. It’s not all about the price though. If a quick sale is important to you, the spring market is great for that too. The last column in the chart above represents the number of days a home is on the market before it goes under contract. Over the past three years, the median days to sell in the spring months was almost always less than 2 weeks.
If you’re thinking you want to sell your Austin home for the most money in the least amount of time, now is the time to start preparing to sell your home. Keep in mind that there is usually about a month of time from the date the contract is accepted until the closing date. In order to close in June, you want to list your home in April or May.
Now, if you are thinking about selling your condo in the City of Austin, now may not be the best time to sell. City of Austin condos had the highest median sales price in December for both 2015 and 2016. In 2017, the highest median sales price for condos in the city limits occurred in October when the median sales price was just under $305K. If you don’t live in the city limits of Austin, spring may not be the best time for you to sell either. While single family home sales in Travis and Hays County conformed to the spring is the time to sell trend, homes in Williamson County did not.
In Travis County, May was the month with the highest median sales price in 2015. In 2016 and 2017, June yielded the highest median sales price for single family homes in Travis County with sales prices of $350K and $370K respectively. Hays County single family home sales showed the highest median sales price for 2015 in June with a price of S250K. In 2016, the highest median sales price occurred in April. Last July yielded the highest median sales price for 2017 with a median sales price of $270K.
Conversely, winter seems to be the best time to sell single family homes in Williamson County. In 2015, the highest median sales price was $252,500 which occurred in December! A month usually not associated with peak selling season. In 2016, November yielded the highest monthly median sales price, and in 2017, December led again with a median sales price of $287K. I should note that in 2017, the June median sales price was a close second with a median sales price of $286,713 and a much shorter number of days on market, 15 days compared to 40 in December.
If you’re thinking about selling your home this year, you really need to look at the market activity in your specific neighborhood. I’d be happy to run individualized reports for you; just contact me. Alternatively, if you are mildly curious what your home is worth, click here for a quick home worth estimate. This post originally appeared onshesellsaustin.com
Author:Erika Albert Phone: 512-779-7597 Dated: March 15th 2018 Views: 126 About Erika: Hello this is my description...
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Figuring out when to plunge into the real estate market can be qu
"My family and I recently moved out of Austin and Jason Palos was our realtor who helped us sell our Austin home. Initially, we got in touch with him to help us put the home on lease and manage it while we are away. Soon, we decided to sell it instead of leasing it out and Jason made the whole process absolutely seamless. He prepared the home for sale and had open house over the weekends. He promptly updated me on how the response was during the open house and thereafter. Not being locally in Austin, I was kind of concerned how things would work. Jason made it very easy. He was always responsive to phone calls and emails and would take the time to explain things in detail so that I understood what was happening. We were able to enter into a contract within 2 weeks of putting the home on sale.
During our move, I accidentally packed some of the critical documents like the survey that ended up in storage, where I didn’t have any access. Jason was kind enough to contact the title company that I used when I bought the home to arrange for a copy of the survey to keep the process going. He did a fantastic job of constantly updating where we are in the contract and what to expect next. There were no surprises at any point!
In a nutshell – Jason is very easy to work with – responsive and detailed. He will be the go to person if we ever decide to buy/sell a home in Austin. I would gladly refer him to my friends and family as well.""