Sendero Springs 2012 1st Quarter Newsletter

Sendero Springs in Round Rock, Texas

It’s tax season.  For some of us it means filing tax returns.  For us in Sendero Springs, it means paying our property taxes!

Looking to save money on your property taxes? It’s no secret that homeowners in Sendero Springs pay one of the highest property tax rates in all of Williamson County – close to 3%! Here’s a New Year’s resolution that should be on every homeowner’s list because it’s fast, easy, and pays you back – file for a homestead exemption. Your tax break will depend on your eligibility, but even the most modest exemptions could net you several hundred dollars annually.

You can download the form here: http://www.wcad.org/Appraisal/PublicAccess/Forms/PublicServices/HomesteadExemptionApplication.pdf

And read more about it here: http://www.window.state.tx.us/taxinfo/proptax/exmptns.html.

Home prices in 2011 were at a 4-year low, but an improving 4th quarter can be an indicator that Sendero Springs prices are on the rise. The average home price increased to $90.50/sf, which is above the 2010 4th quarter price. (Remember, a $5/sf increase can mean $15,000 on a home that is 3,000 sf.) Despite the small sample size (only three homes sold from October to December), we are headed in the right direction (up!) for 2012.

Homes Sold Last 12 Mos 38
Absorption Rate (# sold/mo) 3.17
Current Active Listings 9
Months of Inventory 2.84

The absorption rate has not changed significantly. There are more homes for sale than before, which means an increase in inventory. (Absorption rate is the number of homes sold per month in the past 12 months.) Our previous inventory was two months and currently it is approaching three. Anything under 6 months is considered a seller’s market!

Last 12 Months Homes Sold Sq Ft List Price List $/SF Sold Price Sold $/SF SP/LP Ratio Days on Market
1st Qtr, ’11 13 2,966 $ 266,362 $ 89.81 $ 253,498 $ 85.47 95.17% 110
2nd Qtr, ’11 12 3,031 $ 265,842 $ 87.72 $ 258,403 $ 85.27 97.20% 41
3rd Qtr, ’11 10 2,981 $ 265,140 $ 88.93 $ 251,718 $ 84.43 94.94% 75
4th Qtr, ’11 3 3,009 $ 279,966 $ 93.04 $ 272,300 $ 90.50 97.26% 53

Looking for information on Round Rock Texas Homes For Sale? Visit my website or call me anytime!! Want the latest updates on Round Rock Texas Real Estate, news and latest developments? Sign up for the blog by clicking the link below:

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