Austin Residential Real Estate Still Shines!~
Austin Board of Realtors released sales figures for April 2010. There was a 31% increase in single family home sales over April 2009 totalling $486MM in sales volume with a median purchase price of $190,700. Pending sales increased by 47% over April 2009. Pending sales are properties that were put into contract but not yet closed.
Condo and town home sales increased 63% from April 2009. The pending sales at the end of the month are 70% higher than the previous year. The median price for condos and town homes are about $30,000 less than for single family homes.
Austin is vibrant – buyers are feeling good about their purchases – it is a great time to jump in the market if you are a rehab contractor. It’s an even better time to invest in Austin real estate. The least risky of real estate investing is via first deed trust investing into a managed Regulation D Security. Want to earn 12% or better on your money? Contact Pride of Austin Capital Partners!
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