As a resident of this fine zip code, I love enjoying all the amenities that is unique to the ‘03’ as it were. With that being said, home ownership is valuable in this area. If you are considering selling your property for whatever reason, ‘tis the season. As a researcher for 20 years, I have a keen eye for data analysis. I took some time to really get to know the zip code in which I live and enjoy. The results are why I am writing this report.
According to reports I custom ran from the Austin Multiple Listing Services (MLS) Matrix Actris data reporting system, the sales in 78703 either remained consistent or surged in December 2012 and 2013 (TABLE 1). Compare active listings this year to historic data, and the number is down from previous years leaving a reduced supply situation (TABLE 2). The data indicates that there was an increase in home sales this time last year, so we can reasonably anticipate an increased demand along with a documented reduced supply
The overall median prices are up this year home sales in 78703 over the past decade (TABLE 3). So, the number of listed homes is lower than in previous years. Median sales prices are at a ten-year high. And, historically, sales data show an increase in December sales in this area. If you are contemplating timing, I hope this helps. If you are not, then I hope you find this interesting. I know that I do. If you see me around, be sure to say hello. And, if you know of someone who has some real estate needs, even leasing, send them my way.