❤️ AUSTIN Real Estate Blog

May 2019 Austin Area Real Estate Stats

EarLY SUMMER BRINGS RECORD BREAKING VALUES AND SUPER LOW RATES! 

In May, we saw the highest median home price in the Austin area - EVER! The number of new listings is down, and so is the number of active listings as more and more buyers flood the market. Pending sales are up 8% year over year, and this number may see an increase this Summer as super low interest rates are boosting buyer confidence. The May 2019 stats report shows that unit sales increased by 6% to 3,452 when compared to May of last year. Sales volume totals for May were a strong $1.5 Billion up 15% year over year. Inventory stays low as pending sales continue to rise. 

For those investors out there, it might be worth a look at your interest rates. Even investment loans are very

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Are tiny homes really what everyone wants? Let's not be fooled, open spaces are still the key to comfortable living. Check out this garage with a lift and supercars - stacked!

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Gotta get one of these. #garagelift #huracan #audir8

A post shared by Influencer / Investor (@buynsll) on Feb 21, 2019 at 8:25am PST

Is this something you yearn? Not just the open plan gourmet kitchen, the spacious great room, the entertainer's gameroom and the big back yard, but also the 5 car garage with 8-9 car potential - WE HAVE JUST THAT!

LUXURY HOME WITH A CAR LOVER's GARAGE 

11009 Garage

If you have any questions

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April 2019 Austin Area Real Estate Stats

AS THE SCHOOL YEAR COMES TO AND END INVENTORY REMAINS LOW 

April showed strong numbers overall, with a solid increase in pending sales year over year. The number of new listings is down, which is surprising considering the already low inventory numbers. As we head into the Summer months, look for inventory numbers to rise as the school year comes to an end. Mortgage rates continue to stay low - a great opportunity for buyers. The April 2019 stats report shows that sales volume increased by 15% to 3,035 sales when compared to April of last year. Sales volume totals for April were a strong $1.1 Billion up 14% year over year. Median prices for March 2018 vs. 2019 rose again at $320,000 for a single family home in Austin Metro. The market continues to

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Spring Brings Great Things for Austin Real Estate

March showed strong numbers overall, with the sharp increase in pending sales being the highlight. While stats earlier in the year were a little soft, Springtime definitely seems to be exciting and fast paced. The surprise decrease in mortgage rates is just another plus that is encouraging the pace of the market. The March 2019 stats report shows that sales volume increased by 2% to 2,740 sales when compared to March of last year.  Sales volume totals for March were a whopping $1.1 Billion. Median prices for March 2018 vs. 2019 were slightly higher at $305,000 for an average home in the Austin Metro. The market continues to be strong as active listings, pending contracts, and new listings

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11009 Foundation Front Elevation

How would you like to live on a private acreage estate in Northwest Austin with shopping, dining, and entertainment within earshot of the property? This contemporary custom home is just over a year old and features a clean exterior elevation that features a modern grey stucco with smooth white limestone accents. At just under 6,000 square feet, this home is expansive and lives large. Located in the small community of 620 Oaks in Northwest Austin, this is really like finding a needle in a haystack. It is very rare to find a home on almost three acres with these amenities in such a convenient location. 

Three sprawling acres are dotted with mature Live Oak, which creates interesting vignettes throughout the property. It's really like having a

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Ask any real estate agent how the market is and you’re almost sure to get the same answer: “Great!”

Even if the market is great, it still may not be a great time for you to sell. Many real estate agents will tell you that NOW is the right time to sell your home when in reality, they can’t know that without knowing the specifics of your situation. Before going down a long and stressful journey, let’s first decide if selling your home right now is a mistake.

What’s true about relationships is also true about selling your home: When it’s time to make a big decision, go with your gut feeling. But like anyone who has ever put off a breakup, it’s amazing how easy it is to talk yourself out of what you really want to do. You’ll say you’ll get around to

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The month of January report shows that sales volume decreased by 2% to 1,598 sales when compared to January last year.  Sales dollar volume tallied to a total of $599 Million for January 2019. Median prices for January 2018 vs. 2019 were slightly higher than last year at $297,000. These small changes are common at the beginning of the year, as the holidays tend to invite a seasonal slowdown. The market continues strong as active listings, pending contracts, and new listings increased for the month of January by 21%, 11% and 22% respectively. There was also a .4 months increase when compared to January 2018 to 2.3 months of inventory for January 2019.

We are excited and rolling full steam ahead into Spring 2019! Our agents are ready to help you

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The year end report shows that sales volume decreased by 11% to 2,370 sales year over year.  Sales dollar volume also decreased by 11% to a total of $884 Million last month. Median prices for December dropped slightly year over year to $305,000. These decreases are common toward the end of the year, as the holidays tend to invite a seasonal slowdown. On the flip side, active listings, pending contracts, and new listings increased year over year. There was also a .2 months increase in inventory year over year to 2.3 months at the end of 2018. 

We are excited to see what 2019 brings! Our agents are ready to help you market your home for sale in this competitive market, and can help you hunt down that perfect property as well.

If you have any

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Here's your friendly annual reminder from Austin House Company about your homestead exemption. If you want to take advantage of tax savings, you'll need to apply for a Homestead Exemption if you occupy the home you purchased last year as your primary residence. You can file fo the Homestead exemption between January 1st and April 30. We've listed some important information about the Homestead Exemption below. And remember, Texas in a non-disclosure state, so if you get asked your purchase price, don't do it. You are under no obligation to disclose. 

Homestead Exemptions

There are different criteria that you need to meet in order to qualify for a Homestead Exemption. Click here to read about some of the details surrounding the Homestead

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Whether you want to eat, dance, or jam out to Willie Nelson (live!) Austin has your NYE covered. Don't want to pay cover? There's something for you! Want to watch fire hula hoopers and aerialists? Austin's got that too! Want to celebrate like it's 2001? Just you wait! Plus, we've got some spectacular family friendly events great for the kiddos (or those of us who like to hit the hay early - no shame!). Happy New Year!

parties

 1.  CAPITAL COUNTDOWN NYE PARTY WITH SILENT DISCO AT THE BELMONT - The Belmont

Ring in the New Year with more than 500 other party-goers at The Belmont. There will be a silent disco from 10pm to 2am featuring 3 live DJs, a photobooth to capture all of your best NYE moments, and a NYE countdown with party favors, 2

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