|December 2009 Newsletter
Issue No. 5
We're excited to announce the launch of our new website at www.CarvajalGroup.com. We've given the site a fresh look, improved navigation and added
an abundance of content with the goal of making it easier to buy, lease, sell
or manage your property.
We hope you enjoy the new website and this newsletter, and we look forward to
assisting you with all of your real estate needs.
The Carvajal Team
Austin Market Update
Austin Area Home Sales Volume Surges
According to the Multiple Listing Service report by the
Austin Board of REALTORS®, the volume of home sales in the Austin-area real
estate market surged in October 2009. In October 2009, 1,823 homes were sold versus 1,322 in
October 2008, a 38 percent increase. The average sales price of Austin homes in October 2009 was $238,604.
"Sales volume like this is similar to what we saw in 2005,
which is an encouraging sign," said Jay
Gohil, chairman of the Austin Board of REALTORS®. "It's possible some of
this surge in volume was related to the original deadline for the first-time
homebuyer tax credit, so it's good for our market that the tax credit was both
extended until April and expanded to include more current and prospective
Six Steps to Selling
Our Six Steps to Selling guide will walk you through the process of marketing
your home to ensure you get the highest price in the shortest amount of time.
Step 1 - Set Your Goals. The most important aspect of marketing your home effectively -
besides having a great real estate agent - is pricing it right. Your agent
should begin this process by conducting a Comparative Market Analysis of your
area. This comparison to other
homes for sale in your area, as well as the overall market, the condition of
your home and any time constraints, will help you and your agent set the right
Asking a fair price will help you generate the most activity
from other agents and buyers.
Research shows that homes priced higher than just 3% of their market
value take longer to sell.
Let the Government give you a gift this holiday season. With an extension of the $8,000 first-time home buyer tax credit - even those who co-sign on a loan with their parents - and the $6,500 tax credit available to many current home owners, now is the time to buy. Read more about the Home Buyer Tax Credit here.
We always like to hear from our clients. Click on KUDOS above to tell us what we're doing well and what we can improve upon.
Events in Austin
What's Happening Around Town
The Nutcracker -
Ballet Austin's 47th annual
production December 5-23 at The Long Center. Performance times vary by day. www.balletaustin.org
Zilker Park Festivities -
Austin's favorite Christmas tree be lit in Zilker Park every night at dusk
through December 31st, Drive through the Trail of Lights, or join in on the
special Holiday Festival
Event Nights December 13th-21st from 6pm -10pm.
Armadillo Christmas Bazaar December 11-24 from 11am-11pm at the Austin Convention Center. Fine Art, Extraordinary Gifts, Live
Keep Austin Bizarre -
December 18-21. This annual four-day shopping event features 100 vendors and 40
live acts plus local breweries and international food. It will be held at
Fiesta Gardens this year, with heated tents. Parking and admission is free.
Open Fri-Sat 11 a.m.-12 a.m. and Sun-Mon 11 a.m.-10 p.m.
Trans-Siberian Orchestra -
Watch one of the most successful live music acts in history at the
Frank Erwin Center as a part of their winter tour. Shows at 3 p.m. and 8 p.m.
on December 28th.
Eats in Austin
Old Favorites & New Treats
Perla's Seafood & Oyster Bar -
1400 S. Congress (former Mars location).
Fresh seafood fare in a casual beach resort setting for lunch and dinner daily, weekend brunch and happy
hour every day. Perla's Seafood & Oyster Bar was featured as one of the
Best New Restaurants in America by Esquire Magazine in 2009. www.perlasaustin.com
3 - 2700 W. Anderson Lane. Owners Matt Dodson and Doug
Young, native Austinites, have joined their shared passion for outstanding
food, exceptional service and a pure love of sports into one amazing
Man Bites Dog - Another trailer joins the fray in the South Austin Trailer Park & Eatery at 1311 S. First St. Man Bites Dog offers 12 hot dogs, both classic and quirky.