Market Statistics Update: April 2017

It’s that time of year again! More and more CCR homes are popping up on the market for sale and it seems that if they are priced correctly they are under contract just as quickly.

In April, Circle C recorded 26 sales in the MLS (some new construction or FSBO sales are not captured) with an average price of $518k with an average of 31 days on market. As of May 4th, there were 55 homes for sale in the MLS with an average price of $526k! Similarly, there were 60 homes under contract at an average price of $524k.

Over the past six (6) months CCR recorded 142 sales with an average price or $480k or $171 per Square Foot!

Compared to the same six (6) month time frame last year (November 2016-April 2017 versus November 2015-April 2016) the number of homes sold in the MLS jumped by 14 or 11% for an additional $4k, or +2%. Month over month we see a very slight uptick as the market maybe starting to normalize.

Just like last month, if I were to get out my crystal ball and make a forecast I would expect a solid spring for sellers. It’s still a “Seller’s Market” and Buyer’s continue to shop CCR due to the location, amenities and schools!

To see more details regarding the last six months of sales, check out what is selling in your neighborhood by viewing our market statistics. If you have questions, post them here or give our office a call.


About Bob McKenna

As managing broker of Austin Real Estate Partners, Bob is a strong believer in the importance of teamwork to create a collaborative environment among agents and support staff. Bob also believes in partnering with clients to provide the objective support they need and deserve on every real estate transaction.

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