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.
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
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
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,
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
