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January 2013

Found 3 blog entries for January 2013.

bar graph showing upward trend in home pricesAccording to the Austin Board of REALTORS, December 2012 marked the 19th straight month of increasing home sales in the Austin Area. There were also more home sales in December 2012 than any other December since 2006. Sales volume and total dollar volume increased by 17percent and 35 percent respectively from the same month in 2011. 2012 was the strongest year for the Austin Real Estate Market since 2006. The median sales price for homes in Austin for December 2012 was $210,000 which is an 11 percent increase from December 2011.

In 2012 total home sales were 19 percent higher than 2011, the median home price increased by 6 percent. Homes also spent an average of 15 fewer days on the market in 2012 than they did in 2011. Total dollar volume of sales

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austin gorilla run logoIt's that time of year again. The time when downtown gets flooded with people in gorilla costumes ready for a run. Out of town visitors probably get a nice shock, as it is a quite a sight to see hundreds of "gorillas" stampeding down Caesar Chavez or enjoying some fine dining after the race. In their moment of shock, they probably wonder why a city would have such an event. Austinites know it's just another day in a city that loves to keep things weird.

The Gorilla Run is an annual 5K race held in Austin to benefit mountain gorillas. Participants don full gorilla costumes for the race and even get to keep them after they complete the race. It is yet another fun event that represents Austin's spirit for enjoying life while doing something beneficial for

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arrow representing increase in home valuesOctober homes sales in the Austin area were stronger than expected, even for this already strong market. This was the largest monthly increase in sales since October of 2009. The 2009 increase was due mostly to the expiring tax credit and there was nothing of this sort to drive the most recent increase, leading me to believe that we are likely to see more of this trend in coming months.

There was a 37% increase in the number of homes sold compared to the same month last year and a 51% increase in the total dollar volume in sales. With the median sales price increasing by nearly $10,000 during a slower part of the year, it is not hard to believe that once spring comes around we can expect to see even higher prices. Fortunately, the interest rates are

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