January 2024 Sales…

Written By Lisa Marie Contaldi

River place Home Sales in January 2024

In an interest rate sensitive environment we saw 3 homes sales in January at an average price of $983,333 at 89% of original list price closing at an the average price of $290.26/sqft. Quite a few pending sales took place between Jan 4th and the 20th as buyers became encouraged by a downtick In interest rates and a bit of pent up demand for smaller, lower end homes under $1M. Buyers and Sellers are expected meet eachother’s expectations in 2024. 2023 was exemplified by more of a tug of war in terms of price negotiations in Austin and a few homes withdrew from the market or never went on due to the interest rate environment at the time of sale. The sales activity is expected to be active driven by mortgage rates*.

Inventory is now at 7 active listings with 5 pending sales which means we have about a 2.33 months supply of homes. This year will be active as sellers become more realistic about pricing and while interest rates remain volatile, buyers are actively searching awaiting interest rate dips. At the time of this blog the 30 year mortgage rate is below 6.63% (depending upon your credit, downpayment, etc). We will see what Friday brings. The average days on market for closed sales in River Place is 49. New home sales on Milky Way Drive are now appearing in MLS inventory. This is important as they will compete with resales over $2M featuring state of the art interior amenities, offered city vs estate sized lots, and they offer neighborhood versus golf course or canyon views.

If you’d like more information on any listed home or a professional evaluation of your existing home’s value text the word PEAR to 512-784-5111, I live across from the country club and am happy to help. For additional tips and insights on rates listen to our recent podcast on the menu at the top of this page.

Lisa Marie Contaldi

In an era where homes sell themselves, we don't just sell homes, we help clients seize opportunities and maximize value! As a top notch Broker in the Greater Austin Area since 1993 we know the city inside and out. It's our mission to empower YOU to execute timely, beneficial, decisions! As expert relocation consultants we introduce lifestyles and trends. What makes us different?? - a solid business acumen and servant's heart. We are diversified, confident collaborators who will begin laying the groundwork the minute you make a decision to move. Intero is also networked globally with a corporate office based in Silicon Valley. By broadening your network of dynamic professionals you receive a better exposure for your home when it goes on the market. Why sell by a third party with ZERO local track record? We have owned, lived and networked Austin since the 90's. A long standing track record means we have relationships already established and allows us to exceed your expectations. Join our village of homeowners who stay up to date on home values with real time data. Let us support your journey and welcome you to this one of a kind place we call Austin, Texas.

Specialties: Residential Real Estate Brokerage

Certified Luxury Home Marketing Expert

Million Dollar Guild

Certified Relocation Expert

First and 2nd Home Buyer Assistance

Investment & 1031 Exchange Assistance

Custom Home Building Consultation

Travis, Hays, Williamson Counties


https://lisacontaldi.com/
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January HOA Meeting