Sendero Springs 2012 2nd Quarter Newsletter

Sendero Springs in Round Rock, Texas

Sendero Springs seems to be waking from winter hibernation and starting 2012 on the right foot by selling twice as many homes as compared to the fourth quarter of 2011.  Homes also sold faster.  Selling a large number of homes quickly is a great sign of a healthy and desirable neighborhood.

Last 12 Months Homes Sold SqFt List Price $/SF Sold Price Sold $/SF SP/LP Ratio Days on Market
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
1st Qtr, ’12 6 3,236 $ 279,967 $ 86.51 $ 272,432 $ 84.18 97.31% 52

However, the data also suggest Sendero Springs is experiencing a decrease in home value.  This might be the most important trend since it is directly translated to how much money you receive when you sell.  In the chart above you will notice that the average home sold in the 1st quarter of 2012 was bigger than the previous quarter, yet the list price and sold price are practically the same.  Consequently, the average sold $/sf is at its lowest point in the last 4 years at $84.18.


In addition to preparing the house properly, choosing a Realtor that knows how to market your house is the key to attracting a higher offer from buyers. Here are just a few questions you might want to ask your Realtor at your next listing appointment:

How do you market towards the emotional appeal of potential buyers?

What are the top three ways a buyer finds a home and how do you leverage that to find a buyer?

How do you create high differentiation in the perceived and real value of my home and how do you market that?

Will strong negotiation skills help me get more money for my home? If so, what type of formal training in negotiation do you have?

Homes Sold Last 12 Mos 31
Absorption Rate (# sold/mo) 2.58
Current Active Listings 10
Months of Inventory 3.87

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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