This week in residential real estate in Georgetown, TX

July 20, 2008 at 9:01 am , by Jenel Looney

When I run my hotsheet, I first look at MLS areas GTE and GTW (Georgetown East and West, respectively), and then I move onto the other cities in Williamson County. (Although I live in Georgetown and write about Georgetown in this blog, I sell real estate all over Williamson County and some in Travis County.) Over the past 7 days, we’ve had 43 new listings come onto the market in GTE and GTW with an average price of about $258,000. Compare that to 83 new listings in RRE and RRW with an average price of about $221,000. Round Rock’s new listings sit on an average of .18 acres, whereas in Georgetown we have a lot more elbow room, with an average of .83 acres per house for this week’s new listings.

MLS activity in Georgetown, TX for week ending July 20

It’s been pretty clear to me that real estate here is moving more slowly than it was a year ago… or so I thought. Just for fun, I ran a search on sales from January 14 through the 20th, and then another on July 14 through the 20th of last year.
	I expected sales to have picked up from six months ago, but I was surprised by how much. What really took me by surprise, though, was that we had more sales over the past week than we had over the same time period in 2007, and the homes took just 11 days longer to sell, on average.

Homes that sold over the past week sold for an average of about $212,000. Six months ago, the average sales price was a whopping $310,000, and one year ago, $223,000. That one week in January must have been a blip, because the average sales price for the entire month was about $231,000, much more in line with what we might expect.

Category Georgetown Real Estate / Tags: /

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2 Comments so far

by Rachael Haynes

On July 20, 2008 at 2:11 pm

Hey there. I do still love this page you do! I tried Montana Mike’s with some friends on your recommendation and we had a nice meal and a nice time.

I wanted to give you a head’s up on the Church Street Spa, which is under new ownership. They are having their grand opening on Tuesday. John had given me a gift cert for Mother’s Day that I just got around to using, and I had the most wonderful facial and a great pedicure. Knowledgeable, friendly people in a charming old house. Give it a try sometime!

Hope your weekend’s been a good one!

Rachael

by Ryan- Texas Home Loans

On July 28, 2008 at 4:45 pm

The analysis that you have done of the real estate market over the time period is very useful to forecast the upcoming growth trends in the real estate market. As you pointed out correctly, tthe real estate market was a bit slow to start of this year, but it is gradually gaining momentum.