Shady Hollow - January 2011 Market Update

Shady Hollow is sprawled upon 600 acres in South Austin. The community is well known for some of the most gorgeous trees in Austin, being an ideal spot to raise a family and is located just ten miles south of downtown Austin.
As I write this post, there

• are 13 homes currently available for sale, with an averageasking price of $298,046. The average square footage for these homes is 2,736, for an average price per square foot of $110.63.
• are 7 homes under contract, with an average listing price of $274,241. The average square footage for these homes is 2,321, for an average price per square foot of $121.49.
• were 6 homes sold in the month of January 2011. The average listing price was $265,816 and the average sales price was $257,666. This means thathomes sold for 97% of their list price. This number does not account for any seller-paid closing costs, nor does it include anyprice reductions.
• The average number of days on the market for homes that sold in January 2011 was 95.

To search available Shady Hollow homes visit my Austin Real Estate Interactive Property Map.

In order to gain a better understanding of what your Shady Hollow home is worth Contact Me on my Austin Real Estate website . In order to obtain an accurate estimate on what your home is worth - it is best to speak with a local real estate agent to ensure your comparison is based on apples to apples, not apples to oranges (i.e. one story homes within the same square footage should be compared to other one story homes within the same square footage, not compared to two story homes with much more or less square footage).
To obtain an accurate estimate on what your home is worth visit my Austin Texas Real Estate Website.