What’s Selling In Twin Creeks

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: Residential Status: Active Number of Properties: 38
  Beds Baths SqFt Listing Price LP/SqFt DOM
High 6 4 6,321 $1,200,000 $189.84 246
Low 3 2 1,904 $233,000 $95.94 3
Average 4 3 3,434 $423,176 $121.68 60
Median 4 3 3,473 $386,200 $121.13 26

 

                                                                 

 
Property Type: Residential Status: Pending, Pending – Backups Number of Properties: 10
 
 
  Beds Baths SqFt Listing Price LP/SqFt DOM
High 6 4 4,217 $480,000 $121.1 205
Low 3 2 1,981 $239,900 $90.97 5
Average 4 3 3,449 $383,820 $111.46 69
Median 4 3 3,679 $399,950 $116.01 43
 
  

Property Type: Residential Status: Sold Number of Properties: 9
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt DOM
High 5 4 4,518 $599,900 $146.97 $599,000 $138.91 520
Low 3 2 2,088 $239,000 $83.47 $230,000 $87.94 1
Average 4 3 3,389 $409,856 $119.59 $400,222 $116.88 89
Median 4 3 3,470 $392,000 $116.71 $375,000 $116.03 22
 
     

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: Residential Status: Sold Number of Properties: 9
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt DOM
High 5 4 4,684 $549,000 $135.42 $490,000 $120.87 252
Low 3 2 2,210 $215,000 $85.38 $212,500 $78.99 9
Average 4 3 2,943 $327,262 $112.38 $306,625 $105.71 128
Median 4 2 2,465 $298,662 $111.56 $279,625 $109.64 146

 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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Joseph Ensor is a Texas real estate broker and the owner of Ensor & Co. Realtors. In addition to representing select clients, he works closely with each of his team members to help them build a successful career in selling Austin real estate. A graduate from Arizona State University with a degree in Finance, he enjoys helping his clients and his team members with the mathematical side of each transaction. With over 20 years of experience in real estate investing and sales, he understands the overall complexities involved in a real estate transaction. He uses his expertise to overcome challenging situations and his objective is to work diligently and intelligently toward a positive outcome for his team and for his clients.