Homes Sales in Round Rock Texas Decrease from the Same Period in the Prior Year - February 2011

The following numbers pulled from the Multiple Listing Service on March 9, 2011, are for active and sold homes located in Round Rock, Texas. If you are interested in selling or buying a home in Round Rock you need to educate yourself on neighborhood house sales. It is best to be fully aware of what's occuring in your own market in order to effectively ascertain specific home values. Consider both the houses which are currently active and the price pattern for houses which have been recently bought. The current sales prices are the right guide. They represent what homes are actually selling for, not just what the property owners want for their property.

Presently you will find 653 residences active on the market in Round Rock, Texas. These residences have been available to choose from an average of 91 days with an average list price of $210,880 or $87.80 per square foot. Employing the price per square foot is probably the best method to identify the value of your house. However, in doing that you need to seek to establish the normal price per square foot for properties similar to yours that are located in the same or possibly a comparable area. At present the average square footage for homes listed as active in Round Rock is 2,397 square feet. The smaller the residence normally the higher the cost per square foot for residences in similar condition. This isn't going to always hold true in particular when you get in the luxury home niche with numerous customized aspects or high end amenities. The prices for listings presently active on the market vary from a low of $60,000 to a high of $685,000 . Prices range from $41.36 to $272.47 per square foot. Days on the market vary anywhere from 0 to 587 days. The most effective guide to home value is from actual home sales.

Sold data is compared for the exact same month in the prior year to assist in determining market trends. The comparison is from the exact same month in the preceding year on account of fluctuations determined by the time of year. Sales generally rise and fall in the same periods or months annually, so among the best comparisons for price developments is to look at the same month in the previous year. The number of homes bought in Round Rock displayed a significant decrease from February last year. The average sales price per square foot saw a moderate decrease, and the average list price per square foot. In addition, the average days on market for listings sold in Round Rock displayed a considerable increase.

Specifically, sales of single family houses saw a significant decrease of 10.00% from 110 to 99 homes sold from February of the previous year to February of this year. The average sales price showed a moderate decrease of 4.41% from $233,297 to $188,423 . The average sales price per square foot displayed a moderate decrease of 4.60% to $81.03 . The average sales price was 93.23% of the original list price, virtually no change from the identical calendar month in the previous year. This can be indicative of how much the advertised price was lowered as a way to make the sale. The original listing price was the initial price the property owner advertised, but not necessarily the advertised price at the time of the sale. Regrettably, the average days on market for the sold properties went from 63 to 88 for a considerable increase of 39.68%. As the number of days on the market decreases it is an indicator of the market heating up and residences selling much more quickly.

If all of this really is overwhelming, a good realtor can help you to learn it all. No matter if you are purchasing or selling a house you want to very carefully assess comparable sales to aid you in determining an acceptable sales price. The writer, Mark Menefee, retired after 20 plus years as a fraud investigator to assist his wife Kelley Menefee in her successful Real Estate business. The two are Realtors specializing in Round Rock Homes For Sale.  You can visit them at http://www.MyFreeHomeSearches.com. If you would like to speak to someone immediately please call Kelley at 512-736-0822. We are always glad to provide you an individualized market analysis or assist you in locating a home.