Austin, TX

Modern homes in Austin focus's on Cardinal condos www.livewelldowntown.com is a local realtor at Prudential Texas Realty. I’m looking the Art and Architecture event at Cardinal Condos to raise money for local charities condos, a modern contemporary condo off south first street in 78704.

The Cardinal condos is exclusively represented by Urbanspace realtors and the Live Well Team would like to represent you as a buyer's agent. Find out more by clicking here…

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Here’s 30 seconds of Zen for your daily meditation. I took this video at Maya’s house in Oregon where she and her family hold natural and homopathic retreats.

The Live Well Team would like to represent you as a buyer in Austin, Tx. Find out more about green homes in Austin by visiting our website.

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Review of the overall Austin market:

•- Compared to this time last year, the number of single-family homes sold dropped by 19%. The average sales price, however, is unchanged from last August at $250,992 and the median price increased 3% to $191,000.

•- The total number of single-family listings is up 18% to 10,031 units compared to this time last year, which is suppressing prices as inventory increases.

•- The months of inventory in the Austin market has dropped slightly to 6.5, which still favors buyers. Note that in most areas the market is more competitive for homes priced under 300K.

•- The average days on the market for single-family homes are down slightly from last month to 69 days, which is a good trend.

Stability in the financial market will be welcomed with the government bailout and takeover of FNMA and FHLMC. Thirty-year interest rates have dropped to around 6%, which should please buyers.

Georgetown: (average price is up 6.7% from a year ago to $237,572) Sales of single-family homes for the first eight months of 2008 are down 14% compared to last year. There is 7.8 months of inventory, which is an oversupply and reflects a market which favors buyers. The number of active listings has increased only slightly from last month to 634 listings; which is an increase of 38% from last August.

Round Rock: (average price is up 3% from a year ago to $216,181) Single-family home sales are down 16% compared to this time last year. The months of inventory is down slightly to 5.1 which favors buyers somewhat. Since last month the number of active listings is stable at 1033 units, but the number of listings is still up 15% compared to this time last year. The Round Rock area is in the top 20 Austin MLS markets.

Cedar Park/Leander: (average price is up 6.5% from last year to $209,849) Single family home sales have decreased 15.4% for the year and the index for months of inventory has increased to 5.1 months, which is favoring buyers. The number of active listings is up 26% from a year ago to 831 units.

North/Northwest: (average price for August 2008 compared to 2007 is up 1% to $310,093); single family home sales in this area are off 26% compared to last year. Active listings are up 29% from a year ago to 371 units; this represents 4.7 months of inventory which favors buyers.

Westlake: (compared to August 2007, the average sales price is off 9.3% this year to $725,604) Single-family home sales in this area are down 30% compared to this time last year. Currently, there are 280 active listings which is the same as last month, but 29% greater than last August. The months of inventory has increased to 9 months which fav