As of May 17, 2010 there were 38 single family homes for sale in Twin Creeks in Cedar Park, 14 homes either pending or pending accepting backup offers , and a total of 9 homes sold in the last 90 days.

 The Market Analysis Reports shown below provide a snapshot of the real estate market conditions in Twin Creeks as of May 17.   These types of reports are extremely useful tools used by real estate professionals in determining what to advise clients to offer on a purchase or what to price  their  home for sale.  The reports provide valuable information like selling price per square foot, list price per square foot, and days on the market.    

 Market  Stats for Twin Creeks

Market Analysis Reports

Property Type: ResidentialStatus: ActiveNumber of Properties: 38
 BedsBathsSqFtListing PriceLP/SqFtDOM
High646,321$1,200,000$189.84246
Low321,904$233,000$95.943
Average433,434$423,176$121.6860
Median433,473$386,200$121.1326

 

                                                                 

 
Property Type: ResidentialStatus: Pending, Pending – BackupsNumber of Properties: 10
 
 
 BedsBathsSqFtListing PriceLP/SqFtDOM
High644,217$480,000$121.1205
Low321,981$239,900$90.975
Average433,449$383,820$111.4669
Median433,679$399,950$116.0143
 
  

Property Type: ResidentialStatus: SoldNumber of Properties: 9
 BedsBathsSqFtListing PriceLP/SqFtSelling PriceSP/SqFtDOM
High544,518$599,900$146.97$599,000$138.91520
Low322,088$239,000$83.47$230,000$87.941
Average433,389$409,856$119.59$400,222$116.8889
Median433,470$392,000$116.71$375,000$116.0322
 
   

Average Price Up, DOM Down in Twin Creeks

The statistics for a neighborhood can change daily as houses move from one status to the next and then finally sell.  In Twin Creeks for instance, six of the active listings have come on the market within just the past week, causing an increase in inventory of approximately 20% as summer approaches and the buying season heats up.  Using these reports and comparing average solds to the same period a year ago, as shown in the following table, also indicates the average selling price has moved up and days on the market has moved down.  This information bodes well for homeowners in Twin Creeks who want to sell.

Market Analysis Report

Property Type: ResidentialStatus: SoldNumber of Properties: 9
 BedsBathsSqFtListing PriceLP/SqFtSelling PriceSP/SqFtDOM
High544,684$549,000$135.42$490,000$120.87252
Low322,210$215,000$85.38$212,500$78.999
Average432,943$327,262$112.38$306,625$105.71128
Median422,465$298,662$111.56$279,625$109.64146

 Twin Creeks Neighborhood  Has  Appeal

 Market Analysis Reports are important, but statistics alone don’t tell the whole story.  Condition of the home, the immediate surroundings, expired and withdrawn listings, and what other similar houses have sold  for or are currently for sale are just a few other factors that must be taken into consideration in determining  the value a property.    

 It is worth noting however, that withdrawn listings have been minimal in 2010, solds are in stellar condition, and Twin Creeks overall is a very strong neighborhood with a lot of appeal for the buying public

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