South & Southwest Austin: Tanglewood Forest Homes for Sale Market Snapshot 6/15/2009 

Summer is almost here…on paper anyway. But you couldn’t convince me it didn’t begin weeks ago with the return of the ‘furnace in the sky.’  Whew!

Along with the summertime heat, comes the home buying season, and it has definitely begun.  First Time Home Buyer $8000 Tax Credit is still in the mix.  With ten homes selling per month, and just seven homes currently available, that leaves us with less than ONE month of home inventory.  Recent sales are coming in ranging from 96%  up to 101% of the list price.  Not bad. 

At this price point, its a sellers market in the neighborhood.  Under $250,000 in Austin is movin’ movin’ movin’.  If you are ready to sell your home in Tanglewood Forest, it’s the perfect time to get moving.  

Midway through June 2009, the neighborhood numbers look like this in Tanglewood Forest…

7 homes for sale  

  • Median asking price = $165,000
  • Median square footage = 1330

7 homes currently under contract 

  • Median asking price = $179,900
  • Median square footage = 1636

Homes SOLD in May-June  

  • 10 homes sold
  • Median sales price = $163,276
  • Median square footage = 1564
  • Average days on market = 34.3

See them now. Preview available Tanglewood Forest Homes for sale online or search for homes in other southwest Austin neighborhoods!

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.

If you are ready to list your home, call or email today.  

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 your home’s value in today’s market. 512-297-8534.