In July, we saw the highest median home prices rise once again! The number of new listings was up, and while the number of active listings was down. Pending sales are up a whopping 17% year over year, as predicted in our early Summer update, interest rates seem to have helped push the Austin market along. 12% more home sold this July vs last July. I guess the heat didn't keep everyone away. This July was recorded as the hottest July (temperature hot) EVER! We still have very low amounts of inventory, but what is left seems to be sitting on the market a little longer than usual.
Refinancing and investment purchases are very strong. Investment loans are very affordable and interest rates dipped again, so if
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
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!
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
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
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
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
Introducing 2718 Grand Oaks Loop. This home is for sale pre-market. Located in The Reserve at Twin Creeks, this home backs to the 10th fairway of the aware winning, Fred Couples designed, golf course that winds through the neighborhood.
The home is loaded with features and upgrades. Craftsman styling including a large wrap-around porch welcomes you into the home. A large driveway and three car garage provide ample parking and a great space or kids at play. The exterior is a blend of Texas limestone and stucco masonry.
The inside of the home features a flexible floor plan with master down. Recent updates include beautiful hardwood floors, a well done master bathroom, custom built-ins and a fresh coat of neutral paint. With approximately 3500
Navigating the home selling process is not an easy one. While it may seem like Realtors simply stick a sign in the dirt and BOOM it's sold, that doesn't come close to the reality of selling a home. Below we've highlighted some research provided by the National Association of Realtors.
Highlights and drawbacks of For Sale By Owner
Roughly 8% of home sales are For Sale By Owner (FSBO) listings
The Typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales
35% of FSBO listings used a yard sign as their primary method of advertising
28% of FSBO listings were not activity marketed
The most difficult task for FSBO sellers was GETTING THE RIGHT PRICE
We're pretty proud of our branding and technology and we utilize all the tools we have to make our listings shine above the rest. Take a look at this video provided by our Broker, Israel Gutierrez, that delves into some of the tools we use to maximize exposure of our listings and make sure they look their best when they are being advertised.
Selling With Austin House Company from Austin House Company on Vimeo.
If you have any questions about the current market or would like more analytical detail, just shoot us an email at israel@austinhouseco.com. You can also call our office at (512) 299-3809 or message us on Facebook, Instagram, or Twitter.
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