Between 1/1/2011 and 6/30/2011 98 Lakeway homes were sold.  Homes sold in 30 days or less accounted for 40.82% of the sales and sold for 96.97% of the average advertised price.   Below is a chart providing more details about the average days on the market for Lakeway homes for sale.  The chart includes the number of properties sold, days on the market, and the Average sales price to the advertised or listed price.  Generally, the longer a property the more you are going to have to drop the price.  It is better to price the property appropriately upfront and move it.  Otherwise you may end up holding the property for an extended period and not receive any higher price.

0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 40 14 10 10 24
Breakdown % 40.82% 14.29% 10.20% 10.20% 24.49%
Avg % SP/LP 96.97% 96.85% 95.90% 95.03% 94.57%