Crestview Market Report (78757)
Real
estate in the Crestview neighborhood of Austin, TX (within 78757), has
seen phenomenal growth and changes in the last 10 years. Looking at only
homes, condos and townhomes in Crestview, there were numerous changes
in significant real estate metrics, including units sold, average and
median sales prices, average and median prices per sqft., days on the
market (DOM) and the average percent for sold-to-list price. Please call
or email me for information on your particular home or on opportunities
to buy or sell property in Crestview.
Sales Prices
In 2002, the the average sales price in Crestview was $159,702. At the
Austin real estate market’s peak in 2006, when the most units were sold,
the average price was $220,506. While total units sold dropped to only
122 in 2008, the average price still climbed to $263,876, a 65% increase
vs. 2002! There has been some contraction since 2008, but prices have
recently rebounded to be only -3% down from the peak, still +62%!
Units Sold & Days on Market
Number of units sold increased from 173 in 2002 to 246 in 2006, but
then dropped sharply to only 122 in 2008. The average Crestview home
sold in only 35 days in 2006, but that period grew to 63 days in 2010.
The DOM remained constant in 2011 despite the +35% increase in units
sold from 2010 to 2011.
Price Per Sqft. & Average Sold/List Price Percentage
The average price per sqft. grew from $142.69 in 2002 to $188.54 last
year, a +32% increase. At its highest point in 2008, the avg. price per
sqft. was $207.35. In 2011, the average sale price was only 96.45% of
list price vs. 97.69% in 2002. The only time it was lower was in 2010 at
95.15%.
*Data Source: Austin MLS, 3/2/2012; information is believed to be accurate but not guaranteed.
Kyle Pfaffe, REALTOR®
Keller Williams Realty
m:
512-636-9707 e: KylePfaffe@KW.com
w:
AustinHomes4You.com
