300-400K Market Trends (Austin: sales, leasing, houses)

[calien]

From a seller's perspective: is there any movement in the 300-400K mkt in the areas outside of Austin? Is there a mkt in that price range to lease at all?

Calling Austin-Steve...

[centralaustinite]

Hell, there's not much movement in that segment of the market INSIDE Austin!

I see lots of homes falling into that range in Travis Heights, Barton Hills, Bouldin, as well as homes approaching that level in NW Hills! The market in EISD in the $500K range is broad and growing!

I do see folks leasing in that price range but the funny thing is that a $400,000 house that leases for $2000 a month, is reflecting an underlying value of about $280,000! (monthly rent times 140, some do x 160 which would be $320,000! ) Anyway, I don't know anything about what that price range is doing outside the city.

good luck

[TexasHorseLady]

Not sure I understand your question. Are you asking if there's any movement as far as sales are concerned for houses in that range, or for houses that would cost that that are for lease?

If the former, there's also the question of WHERE "outside of Austin". That varies as much as the different areas inside of Austin do.

That being said, as far as sales are concerned, in that price range in the area as a whole there's about 9 months of inventory (below six is considered a seller's market).

The outlying areas are at that or significantly (and I mean significantly!) above it, for the most part, in that price range.

There are several areas in Austin where that price range, finally, is a buyer's market.

So, what's your question, really? What goal are you trying to accomplish? That would make it easier to give you a useful answer.