South & Southwest Austin: Castlewood Forest Homes for Sale Market Snapshot 6/01/2009

Castlewood Forest is coming alive with the sound of music…ah..ah..ah..aahhh….yes, the late spring & early summer buyers.  First time buyers and moving up buyers, too.  Four homes sold April through May, with three currently under contract, and six more actively looking for buyers.  That leaves 2 months worth of home inventory in the neighborhood, and that translates to a local sellers market for the most part, and prices should not be going down.

Inventory levels of 6 months or more typically indicate a buyers market and a downward pressure on sales prices.

Homes sold the last 60 day period in Castlewood Forest have sold ranging from 93% to 100% of list price.  A good solid figure.

The numbers for Castlewood Forest Homes for sale through late February look like this…

6 homes for sale  

  • Average asking price = $244,000
  • Average square footage = 2012

3 homes currently under contract 

  • Average asking price = $222,298
  • Average square footage = 2395

Homes SOLD in last 60 days 

  • 4
  • Average sales price = $242,500
  • Average square footage =1917
  • Average price per square foot = $129.94

Current homes for sale average days on market = 52

Preview all available Castlewood Forest Homes For Sale online.

If you would like to see any one or more of them up close and in person, call or email me and I’ll be happy to set up an appointment when it’s convenient for you to view the home or homes that really catch your eye.

Posted by Tim Tole, your Southwest Austin Realtor®,Keller Williams Realtors in Austin, Texas, and specializing in residential and investment properties in south and southwest Austin. Email Tim at tim@timtole.com, or call for a free evaluation of what your home should sell for in today’s market. 512-297-8534.