Goldwasser Real Estate

MARKET UPDATE
AUSTIN, TX

· Current Real Estate Market Conditions for Single Family Homes

· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of

February 21, 2011

· Presented by Goldwasser Real Estate

Goldwasser Real Estate
www.goldwasserrealestate.com - info@goldwasserrealestate.com
512-420-0300

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC
 City Overview Single Family Homes in

Goldwasser Real Estate | 512-420-0300

AUSTIN, TX

This Week Real-Time Market Profile Trend

The median list price in AUSTIN, TX Median List Price $ 279,000 ==
this week is $279,000. The 3795 Average List Price $ 496,945
properties have been on the market Asking Price Per Square Foot $ 153 ==
for an average of 156 days. Average Days on Market (DoM) 156 ±+

Inventory of Properties Listed 3795 ±+

Most Expensive Listing $ 15,000,000

With inventory, days-on-market, and Least Expensive Listing $ 35,000

the Market Action Index all recently Average Age of Listing 25

plateaued, the market is not sending Percent of Properties with Price Decrease 36 %
strong directional signal for the near- Percent Relisted (reset DOM) 10 %
term outlook. Percent Flip (price increased) 5%
Median House Size (sq ft) 1659
Median Lot Size 8,001 - 10,000 sqft
Median Number of Bedrooms 3.0

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has shown some Market Action Index Strong Buyer's 16.7 ±+
evidence of slowing recently. Both The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
prices and inventory levels are implies a seller's advantage. Below 30, conditions give the advantage to the
relatively unchanged in recent buyer.
weeks. Watch the Market Action
Index for changes as it can be a Trend Key: == Strong upward trend ≠≠ Strong downward trend
leading indicator for price changes. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 799,000 2900 acre 4.0 4.0 10 948 60 39 199 Most expensive 25% of properties

8,001 -
Upper/Second $ 365,900 2191 10,000 sqft 4.0 2.5 16 949 60 61 150 Upper-middle 25% of properties

6,501 -
Lower/Third $ 221,900 1666 8,000 sqft 3.0 2.0 22 949 53 51 143 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 139,900 1299 8,000 sqft 3.0 2.0 29 949 53 65 135 Least expensive 25% of properties

Page 2 of 6 Monday February 21, 2011

 Single Family Homes in
City Overview
Goldwasser Real Estate | 512-420-0300
AUSTIN, TX

Median Price
Prices continue their climb again this week. We're a long way from the market's price high-point so watch the Market Action
Index as an indicator of how long this trend will last.

7-day Average 90-day Average

Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 has been trending a bit downward in recent weeks. We'll need to
see a persistent shift in the Market Action Index before we see prices across the board move from these levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 6 Monday February 21, 2011

 Single Family Homes in
City Overview
Goldwasser Real Estate | 512-420-0300
AUSTIN, TX

Price per Square Foot

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently
increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action
Index for persistent changes as a leading indicator for these trends to flatten or drop.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

7-day Average 90-day Average

Page 4 of 6 Monday February 21, 2011

 Single Family Homes in
City Overview
Goldwasser Real Estate | 512-420-0300
AUSTIN, TX

Market Action Index

The AUSTIN market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands
at 16.74. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 5 of 6 Monday February 21, 2011

 Single Family Homes in
City Overview
Goldwasser Real Estate | 512-420-0300
AUSTIN, TX

Days on Market
The properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in the
past 119 or so days.

7-day Average 90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 6 Monday February 21, 2011