Map comparing 2007 to 2010 prices by zip code (Austin: sales, foreclosures)

[Austin97]

Ladylonghorn posted that she bought her house for 280K pre recession and now comparable houses are selling for 230K.

I remember having a discussion with austin-steve pre recession about what austin prices would do.

Here is a map which compares prices from 2007 vs 2010 by zipcode

http://www.regentpg.com/images/Price...s_2010.png.jpg

Here is where I mentioned that recession was coming in 4/2007 (not my idea, I get economic forecasts)
//www.city-data.com/forum/austi...-projects.html

Here is one of the original discussions from 2009 about austin pricess (austin-steve mentioned 3-5% declines)
//www.city-data.com/forum/austi...ce-year-5.html

[Jennibc]

I'm sort of chuckling at the guy in the other thread the warned you it would never be less downtown and then asked you to print the thread out in a few years. So a drop of 8%? It's pretty gracious of you to not just come out and say "I told you so!"

Our neighborhood shows a 4% drop. I'm wondering what the drop has been since 2009 when we purchased.

[justtryharder]

Thanks for posting this. We are moving to Austin but just in the beginning of looking around. I've been busy studying my Austin map and reading about the neighborhoods as well as traffic patterns. It seems to boil down to whether we will look north (DH works near 183/Ranch road intersection) or closer to town. I don't like cookie-cutter homes and strip shopping. Prefer trees and older architectural style, hence my interest in the 78756 and 78751 zip codes.

This map comparing 2007 and 2010 home prices leads me to believe that the farther north you go, the more the home prices have remained stable. Yet when I look online, it appears that there are more REOs and foreclosures up north (and more listings in general). I wonder if the northern zips have just not bottomed out yet?

[FalconheadWest]

This information is meaningless if you actually compare sales. Larger homes get less per sqft than smaller homes, and many areas are building significantly larger homes today than they were just a few years ago, but lot sizes stay about the same so land value is equal. Dollar per sqft is a VERY uneducated way to post information.

[austin-steve]

Originally Posted by Austin97

Ladylonghorn posted that she bought her house for 280K pre recession and now comparable houses are selling for 230K.

I remember having a discussion with austin-steve pre recession about what austin prices would do.

Here is a map which compares prices from 2007 vs 2010 by zipcode

http://www.regentpg.com/images/Price...s_2010.png.jpg

Here is where I mentioned that recession was coming in 4/2007 (not my idea, I get economic forecasts)
//www.city-data.com/forum/austi...-projects.html

Here is one of the original discussions from 2009 about austin pricess (austin-steve mentioned 3-5% declines)
//www.city-data.com/forum/austi...ce-year-5.html

The zipcode map shows changes in price per square foot, which won't necessarily correlate exactly with actual values because the average size sold can vary a lot, especially in mixed areas.

The most recent stats I ran the other day show a 44 month look-back of average and median prices in the Austin Metro through Oct 2011. A bit too "macro" for specific neighborhood evaluation, but interesting nonetheless, especially if compared to other metro areas in the US over the same 44 month period.

[FueledByBlueBell]

I'd say this is pretty close to accurate. We bought in 2005 around $365k and probably can't move it for that price today... thinking around $340k most likely.

[ScoPro]

I don't care.

We will be in our 78717 home until carted off to the mortuary or the nursing home.....hopefully not for another 15+ years.

[Trainwreck20]

Just out of curiosity, I graphed out the numbers for our house appraisal values. For the last few years (4 now, I guess), we have watched the numbers fairly closely and believe that the appraisal number is a very close approximation of actual value. In any case, we are +2% from the value in 2007, and based on similar sales in the area, that is probably very close (if not a little low) to what we would get. This is in the $250 - $300 range.

Since 2000 (when we bought) we are +40%. 2008 (early in the year) would have been the worst time for us to purchase, we *could* be down 7%, hypothetically.

Heck, I had the chart in PDF, but it won't do PDF and I am too lazy to convert it .

[CarnivalGal]

So why do my taxes keep going up? Maybe someone should forward this to TCAD.

[Trainwreck20]

TCAD had lowered my appraised value the past three years (once via protest), but not sure on what the tax rate itself has done.