Are Home Sales Increasing in ShadowGlen?
First, I would like to say congratulations to my clients who just sold their ShadowGlen home!
Looking at the most recent sales activity in ShadowGlen, I am noticing that home sales have picked up quite a bit. Only a few months ago there were over 40 homes actively for sale in ShadowGlen, today there are only 30 (this includes mostly resale homes on our MLS system). Maybe this is because fewer sellers feel confident placing their home on the market during the holidays, but I think the numbers in the next paragraph may help dissolve that fear!
Currently there are five homes in 'pending' status - which I would say is slightly above or at average for the golf course community. Best of all, our MLS system is showing that 16 homes (including my clients above!) have sold in the last 90 days (this may not be including homes from the builder that never made it to the MLS system).
Builder incentives and the tax credit that expires in four months may be attributing to this increase in activity - and not just in ShadowGlen, but across the Austin market as a whole. But, compared to all of the negative news that we've heard nationally about the housing markets, I think this is great for our local homeowners and I hope for more good news in the New Year!