One of the “hot homes” on the market in Austin is 1104 Brentwood St., according to Seattle-based Redfin.
Jan Buchholz
Staff Writer- Austin Business Journal
Redfin, the national real estate brokerage and research firm, has unveiled a feature that determines whether a house on the market is likely to sell quickly. And it has identified some of the hottest home listings on the market in Austin.
The “hot homes” designation identifies a listing that has an 80 percent chance or higher of having a contract signed within two weeks of its market debut.
According to Redfin, a listing at 1104 Brentwood St. in the Crestview neighborhood off North Lamar Boulevard is a red-hot listing. Click on the photo to see more about this single family detached house, which is listed for $350,000.
The bungalow was built in 1947 and has been upgraded. It has three bedrooms and one bathroom. The listing agent is Luisa Maura of Marathon Real Estate.
Redfin officials said the “hot homes” designation was created using a proprietary algorithm utilizing 500 factors, including price, property type, neighborhood, comparable sales and sales history. According to Redfin, there’s a 91 percent chance this house will sell in the next seven days.
Other Austin houses that Redfin recommended were 4802 Eilers Ave. and 4527 Avenue D, both in Hyde Park. The Eiler house has four bedrooms and two baths and is priced at $429,900. Mark Martin with Re/Max Austin Skyline is the listing agent. The Avenue D house has three bedrooms and two baths and is priced at $400,000. Mark Minchew with Re/Max Austin Associates is the listing agent.
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Sell or rent in this hot market?
Jan Buchholz covers commercial and residential real estate, construction and architecture and retail and restaurants for the Austin Business Journal.
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