❤️ AUSTIN Real Estate Blog

Cimarron Hills in Georgetown Texas

We had the pleasure of getting an update on the housing market from Eldon Rude, Principal at 360 Real Estate Analytics. The seminar was very informative and these are some of the key points/takeaways.

Be careful with headlines

In a world of instant gratification, and knee-jerk reactions, it's easy to misconstrue headlines or maybe put too much importance on their meaning. For example, there are many headlines relating to an expected "downturn" in the real estate market in 2019. These expectations are sometimes based on small samples of information, and when you look at the big picture and take into account the significant amount of growth the country and the local Austin market have seen in recent years, wouldn't any slow down be considered a

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July 2018 Austin Real Estate Statistics

Stats show that the market was steady in July, which surprisingly can be a sluggish month. Most areas saw a slight decline in the number of sales (year over year), however, median home prices have continued to rise showing a 5% increase since July of last year making the median sales price in the Austin Metro in July $326,000. Both pending contracts and overall volume (1.4 Billion) were up significantly in July. Home inventory levels were down slightly to 2.9 months of inventory, which could be the reason for fewer homes selling. Low inventory levels were likely the reason for lower the lower number of units sales. 

Pending sales are up! That's really what tells the tale of the tape. Our agents are ready to help you market your home for sale in

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Beautiful Ranch Style Home in Austin, TX

We just listed this charming single story home located on a corner and in a cul-de-sac. Well maintained home with a great layout and fantastic lot. Mature landscaping in the front and back yard. Large tiered deck out back perfect for back yard BBQs. Mature oaks in back yard provide great shade and privacy. Interior features a formal dining room and large eat-in kitchen with center island. Open plan family room is cozy and is accented by a great corner fireplace. Large master suite with sitting area and large windows.

The home is just one of the components that makes this and amazing property. The surrounding established neighborhood of Woods of Brushy Creek is absolutely amazing. This neighborhood combines the availability of a community pool,

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The Domain Austin

If you live in Austin and haven't had a chance to visit the Domain you should really do yourself a favor and check it out. It's got a little something for just about everyone. Yes, there is some high-end shopping and spend restaurants, but you'll also find a really cool park on the new Northside of the Domain. You'll also find some really cool indoor/outdoor eateries like Culinary Dropout and Toulouse and let you enjoy our amazing Austin weather while you indulge in yummy food and libations.

Considering the constant buzz around you when you visit the Domain's Rock Rose area (Think uptown West 6th.), you would think the Domain was always an assured success. However, there were many that thought it would never succeed when the development was in it's

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Old Georgetown Cottage

Beautifully updated Craftsman Cottage just came available in the MLS today! The home is located in the Old Georgetown District in East Georgetown, just a few blocks away from Southwestern University and Georgetown Town Square. Low maintenance landscaping surrounds the home and the yard has recently been updated with a picturesque white picket fence. The interior is well apportioned with 3 bedrooms and 1 nicely updated bathroom. Care has been taken to maintain the historic qualities of the home when possible. For example. the original hardwood floors and trim work have remained intact. Updates like period-like tile in the bathroom help to maintain the home historic appeal.

Bedrooms in the home are large except or a small centrally located bedroom

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 Crunching the Numbers for Homestead Exemption Savings

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.

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 Exemption process.

EXEMPTIONS OF 65+ & Those WITH DISABILITIES

There are some additional details relating to those over 65 or with disabilities

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There's so much to do in Austin in the month of December, get out there and enjoy this beautiful town!

Austin Gingerbread House - Chirstmas!

Here's a full list of what Austin has to offer this Winter:

  1. Elgin Christmas Tree Farm | Nov 26 – Dec 18: Take the family out this year to hand pick your Christmas Tree at an actual Tree Farm. In addition to getting a tree, you can enjoy a scenic hayride, animals, crazy maze & playground.
  2. Texas Hill Country Regional Christmas Lighting Trail (various cities) | Nov 28 – Jan 1: 10 different communities in the Hill Country are participating on the trail this year and have events planned every weekend from Thanksgiving until Christmas. Some of our favorites include the Christmas Walkway of Lights in Marble Falls and Main Street Bethlehem in
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SOUTH CONGRESS POCKET LISTING

2020 South Congress AVE #2212, Austin, TX 78703 - $210,000

South Austin Condo Custom Paint

We have a beautiful condo in the heart of the vibrant South Congress District available for sale. This corner unit is on second floor with quick access to the courtyard, parking and of course everything South Congress has to offer. This unit has been updated with fresh custom paint, updated fixtures throughout, custom built-ins, a european washer/dryer and updated bathroom.. Community amenities include a private pool, steps from South Congress Avenue, fitness center and courtyard. Blazing fast internet with Google fiber is also available. This is an amazing investment with great proximity to Downtown Austin with ability for 6 month leases and a world class

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Incredible panoramic views of Lake Travis from one of the highest points in the Austin area. Large level building site at the top of the hill can adapt any style of architecture. This is the place to build your dream! The site has been partially cleared and is located in a gated enclave of luxury homes. Located near Riviera Marina, The Oasis, Four Points and zoned for sought after Leander ISD schools. This is a very unique opportunity at almost 14 acres with views, proximity an great schools.

 

 

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Buyers shopping in the Austin area this Fall can really save big. Here's why:

Market Activity in Austin's Residential Market

 

Market Activity in Austin's Multi-Family/Investment Market

 

A couple things to notice here are the increased number of price reductions in the Residential market and the more balanced market of Multi-Family listings. RTeh price reductions in the residential market were even more staggering over the last 90 days. Some say it's the election year stigma, and others blame it on "back to school" syndrome, but whatever the case may be, Austin has definitely seen a lull in the residential market. These charts show that Austin investors have been able to take advantage of  the soft market and snatched up property

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