I’m at it with my numbers again! While I was logged into MLS to update my listings, I decided to do a quick search for the most expensive home sale for 2008 to date (as of 4/14/2008). With so much unfounded real estate panic floating around, wouldn’t the rich and famous be weary of making a home purchase right now? Of course not! Those in the know are taking full advantage of this buyer’s market before it turns. And at the rising rate of multiple offers that my office has seen this year, another seller’s market could be just around the corner. Of course, I still recommend buying if you need to move closer to work or find a larger home for your growing family, not as an investor unless you are really up for it. Like buying stocks, real estate goes up and down and it’s best to be in it for the long hall.

Anyway, the most expensive home sold so far this year was listed at $3,800,000 in Northwest Travis County. The sales price was under asking, but I don’t believe in revealing those details! This home was one of two homes to sell for over $3 million so far this year.

5 homes have sold for $2,000,000 to 2,999,999 and 37 have sold from $1,000,000 to $1,999,999 this year alone in the 4.5 months we’ve had so far.

According to my ABOR MLS search, 4858 homes total have sold so far this year by Austin’s Realtors.

Tags: austin real estate, buyers, economy, estates, hot market, housing, info, luxury, market, money, sales, seller, sellers, statistics by Aria
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Don’t forget that there is more to vote for this year than a president! Politics aside, Texans over 65 years of age could use your support.

In the May election, there will be an amendment for your ballot to correct an error made previously in 2005 when property taxes were reduced by 1/3 for the 2006 and 2007 tax years (don’t forget, property values went up city-wide, so net taxes often went up). Don’t blame this on the elderly, who are the victims of the error attached to this bill.

The State caps property taxes for those who are age 65 or older, or who are disabled. They did not receive the same reduction that the rest of us received when the tax cut for schools passed in 2005.

Early voting will take place April 30 - May 5 from 7 am to 7 pm;
May 6 from noon to 6 pm and May 7 - May 8 from 7 am to 7 pm.

Tags: austin, austin real estate, estates, financial planing, homestead exemption, housing, info, money, planning, responsibility, retirement, savings, tax, voting by Aria
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Tags: austin real estate, credit, estates, financial planing, loans, money, savings by Aria
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