Milwood Homes Are Selling Faster Than Ever in 2013!


Milwood real estate has shown rapid growth through the first 3 months of 2013. The Austin Board of REALTORS recently finalized their statistics for January through March of this year, giving us the opportunity to look at the real estate market

In Q1 2013, the number of homes sold jumped 38.5% to 54, 15 more than last year. The largest change is the average sales price for Q1; the average home in Milwood sold for $201,752 – an 18% increase over 2012! While not as much of an increase as the average sales price, the average price per square foot increased as well. That number rose to $108.84, a +7.4% change. Perhaps the most significant change this year has been in the average amount of time a home took to sell. In Q1 of 2013, the average home in Milwood sold in only 29 days, a 56.1% decrease vs. last year when homes were on the market over 65 days on average!   in Milwood for the first quarter (Q1) for 2013 vs. the first quarter of 2012.

All of these numbers show strong growth in the Milwood real estate market, but none so strongly predict the future trends as much as the number of active listings vs last year. There are currently 16% less homes available for purchase in Milwood this year vs. 2012. Sales prices and time on the market in Q1 show how values have increased, but the number of listings suggests that low inventory and high turnover will continue to drive prices and home values up!

NOW can be a great time to sell your home in Milwood and take advantage of the strong seller’s market and added equity! If you are considering selling your home this year, drop me a note and we can discuss the value of your home and how I can help you get the most equity possible as you look to move out or move up to another home.

by Kyle Pfaffe, REALTOR®      e:      m: 512-636-9707      w:

The Kyle Pfaffe Real Estate Team

2012 Milwood Market Report

How Was the Market in Milwood for 2012?

The real estate market in Milwood had some tremendous growth in 2012. After a crazy January month for me, I finally had time to sit down and look at how the market performed and wanted to share some number with you. All of this information is visibly represented in the graph below. Milwood 2012

First of all, the real estate market in Milwood was much more active – 229 homes sold in 2012 vs 194 in 2011, a 18% increase. While the number of homes sold grew remarkably, the average sales price increased only 1.3% to $181,764 vs $179,476 in 2011. The average price per square foot of homes sold in 2011 was $99.68 but grew to $105.59 in 2012, an increase of almost 6%. By far, the most significant change in the Milwood real estate market in 2012 was the average time a home was on the market before it sold. The average days on market shrunk from 58 days to 38 days, a decrease of 35%.

What do these numbers mean to you if you are looking to buy or sell a home in Milwood in 2013? If you are looking to buy a home in Milwood, you will likely be paying slightly more than you would have in 2012. You will also need to be decisive and move quickly once you find a house you like – the lower number of homes on the market and quicker selling times mean your competition (other buyers) might get a home first if you’re not careful. Drop me a note if I can help you find a great home in Milwood this year.

If you are considering selling your home in the Milwood area of Austin, you should definitely be able to walk away with more money this year. If you price your home too low, you might get multiple offers as soon as you go on the market. Marketing can have a lot do with getting your home sold quickly and for the highest net to you. Drop me a note to hear about how my progressive marketing plan can go to work for you!

by Kyle PfaffeREALTOR®      e:      m: 512-636-9707      w:

The Kyle Pfaffe Real Estate Team

Just Sold!

Just sold in the Milwood subdivision of northwest Austin by the Kyle Pfaffe Real Estate Team! This home had an accepted offer withing 24 hours of going on the market! Interested in selling your home and want more information on what we can do to help you? Drop me a note or give me a call at 512-636-9707.

Just Sold!

by Kyle PfaffeREALTOR®      e:      m: 512-636-9707      w:

The Kyle Pfaffe Real Estate Team

What is the Milwood Neighborhood Like?

Neighborhood Profile for Milwood and Rattan Creek

Data from Census Block 204.11/2

According to data taken from the most recent U.S. Census taken in 2010 and from tax data, Milwood has approximately 1723 people living in the neighborhood, with the average household having 3 people. At the time of the census, the median home value was $200,200. Listed below are a few other statistics of note for the Milwood neighborhood in Austin, TX.

  • Average Household Income > $85,704
  • 63% of Residents are between the ages of 25-64 and 27% are 17 or younger
  • Homes with married couples make up 58% of the residents
  • 71% of residents have at least some college education
  • 74% of homes are owner occupied with the other 26% being rented out

Click Milwood – Neighborhood Profile for the full report. If you have any help or questions on Milwood, Rattan Creek or 78729, Contact Me today!

Kyle Pfaffe, REALTOR®      e:      m: 512-636-9707      w:

Household Income – Milwood (78729)