Home prices in North Austin

[David Slimp]

I just got the email back from Jessica (my real estate agent) about the home prices for this part
of North Austin (near Mopac extending from IH-35 to Mopac).  Here's what she said:

[snip]... prices have steadily risen over the past years from an avg of $75.69 per square foot in 2004
to $84.88 per square foot in 2005 to $89.60 per square foot in 2006.
That is an average of 8.78% per year and we expect that trend to continue.

I did the quick math and found that a house worth $130,000 today would sell for about $167,000 in 3 years,
which is a gain of $37,000 for just holding on to the house -- over $12,000/yr gains.


... something to consider!


david




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David Slimp:   http://www.David-Slimp.com/