The August 2022 Austin Board of Realtors Stats are here! The average sales price went up 5% year over year to $496,000 in the month of August. Active listings increased to a whopping 170%, causing housing inventory to jump to 2 months of inventory.
“Market shift does not mean that we are in a downturn, and it doesn’t mean that Central Texas home values have been overvalued,” Cord Shiflet, 2022 ABoR president, said. “Home prices are still appreciating, just at a more reasonable rate, that’s more in line with what we have seen historically. Homes are still selling close to list price, which is great news for buyers and healthy for our housing market. If you’ve been thinking about selling your home, it’s important to work with...
Are you on the hunt for some new furniture? You're in luck!
Austin recently welcomed online furniture retailer, Joybird, to the Domain North side shopping district this past July. The Austin location is Joybird’s first store in the state of Texas and their sixth standalone store in the United States following Brooklyn, New York, Chicago, Los Angeles, San Francisco and Washington D.C.
Joybird Austin has a mission to bring “Austin specific favorites” and national best sellers to the 3,0000+ square foot showroom. Genreal manger, Gerardo Ornerlas shared this,
“We can tell from our online business what products Austinites are most interested in seeing and want to make sure those pieces are represented in person. The showroom will also be updated from time to time with additional pieces and a few other surprises.” ...
Austin is known for its incredible food scene. Check out this list of the newest and hottest restaurants in the city!
- Honey Pig Restaurant - East Coast Korean barbecue chain Honey Pig opened its first Austin location in July. The restaurant features grill-it-yourself brisket, and bulgogi, with other dishes like noodles, soups, and bibimbap to round out the menu. Honey Pig is open for indoor dine-in services.
Click here to view the website
- Delucca Gaucho Pizza & Wine Austin - The Dallas-Fort Worth mini-chain made its way into Austin with its all-you-can-eat Brazilian pizza in ...
There have been more signs of relief for the Austin housing market. The latest monthly report from Austin Board of Realtors, released Tuesday, August 16, offers indications that the market is continuing to stabilize.
There are still new records to report, but “In every aspect of our market," says Cord Shiflet, 2022 ABoR president, in a release, "Realtors are seeing positive signs that Austin’s housing market continues to normalize.”
One of the most promising signs is an explosion of inventory in the Austin-Round Rock metro area. In July 2022, the region's housing inventory reached 2.7 months — the highest level seen...
Mortgage rates and the Austin real estate market have been hot and somewhat unpredictable over the past 2 years. This has left many homebuyers scratching their heads about when to buy a home and what kind of mortgage they should purchase. With the current surplus of inventory and dropping home prices, NOW is the time to buy a home in a the Austin area.
Getting pre-approved for a mortgage is the smartest thing to do before shopping for your new home. Fortunately, Culhane Properties has an incredible lending partner, Lendplicity Mortgage to assist our clients through the mortgage process and keep us up to date on mortgage trends and where they are headed.
Lendplicity Mortgage Sr. Loan officer, Cord Slocum, weighs in on current mortgage rates and how buyers are taking advantage of the current Austin real estate market to purchase...
Fall is such a special season! The weather is cooling down, leaves are changing and Austinites are coming out of their air-conditioned homes back outdoors to enjoy the Texas Hill Country beauty! Our city has no shortage of events and celebrations this time of year. From pumpkin patches to haunted houses, outdoor concerts, berry picking, horseback riding and beyond, Austin has something for everyone. So, grab a pen and paper and make your Fall bucket list!
Here are a few of our team’s favorite picks:
1. Pick pumpkins and explore corn mazes at Barton Hill Farms
September 23-November 6 Visit: https://bartonhillfarms.com/
2. Boo at the Zoo at the Austin Zoo
October 14-29 Visit: https://austinzoo.org/
3. Take a haunted tour of Austin...
Congratulations, you have decided to purchase a home! But what now?
Buying a home should be an enjoyable and exciting experience, but unfortunately that’s not always the case. When choosing a real estate agent, who you choose to hire is incredibly important to ensure that you’re getting the most positive experience and your desired results. Our team at Culhane Properties has the experience and support to serve our clients at the highest level.
When you are purchasing a home for the first time, here is what you can expect.
Step 1: Hire a real estate professional to represent and guide you through the home buying process
Step 2: Get Pre-approved with a mortgage lender. It is always best to know how much home you can afford before going out and shopping for a property
Step 3: Begin the house hunt!...
Looking for something to do over Labor Day Weekend? Here are a few of the events happening in the greater Austin area!
1. Round Rock Labor Day Concert
A free Labor Day Concert featuring the Blues Crawlers from 6pm – 7pm and then the Classic Hiphop Live from 7:30 pm – 9pm at Centennial Plaza. Bring your lawn chairs or blankets and enjoy this fun and free concert on the lawn provided by the AFM of Austin. Face Painting by Lisa and Balloons by Tony with Food and Drinks trucks will be...
The July 2022 Austin Board of Realtors Stats are here! The median sales price went up 8% year over year $515,000 in the month of July. Active listings increased to a whopping 167%, causing housing inventory to jump to 2.7 months of inventory - the highest level of inventory since November 2018.
“In every aspect of our market REALTORS® are seeing positive signs that Austin’s housing market continues to normalize,” Cord Shiflet, 2022 ABoR president, said. “On top of rising housing inventory, home price growth is much closer to the 4-5% annual growth that is typical for a healthy market. In addition, homes sold slightly below list price for the first time since December 2020, proving that buyers are gaining negotiating power in the market.”
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The masterminds behind Birdie’s, Kitty Cohen’s, and White Horse are opening a new spot! Day Dreamer is opening on East Sixth Street soon!! The drink menu will include classic & in-house cocktails. Food-wise, Day Dreamer will feature Neapolitan-New York-style pizzas, by the founders formerly of pizza truck Sammataro, Townsend Smith and Daniel Sorg, along with Zak Drummond of a Rhode Island hot dog pop-up. The menu will also feature salads, meatballs, and soft serve!
Plan your visit as soon as it opens!!
For more info about Day Dreamer click ...
ACL will be here before we know it! It is one of the biggest music festivals in the country bringing in around 450,000 Austinites and travelers each year! The events are taking place October 7th-9th (Weekend One) & October 14th-16th (Weekend Two).
Since going on sale, ACL Weekend One sold out immediately. Weekend Two is still available for $320. ACL is also offering one-day passes again for $145 each. Saturday of Weekend One is sold out, but all days of Weekend Two are still available. You do not want to miss this incredible event this fall!
Click ...
A brand new project called the Loren at Lady Bird Lake is opening in Austin very soon! The brand mission of The Loren is ultra-luxury, boutique scale, and unique location. The first Loren is operating at The Loren at Pink Beach Bermuda, and Austin will be home to the second location.
The Loren at Lady Bird Lake is going to serve as both a hotel and private residences. It has stunning views of Lady Bird Lake and of course the Austin skyline. It truly has the most ideal location — within walking distance of the central business district, yet away from the craziness of downtown.
"For those who expect nothing short of exceptional, The Loren offers an abundance...
A new mixed-use project could bring up to 530 housing units and commercial space to the northwest corner of Kenney Fort Boulevard and Hwy. 79 following Round Rock City Council's approval of annexation and rezoning requests as well as a utilities service agreement.
The trio of action items went before council July 28, requesting an 8.955-acre plot of land be rezoned to a planned unit development to allow for mixed residential and commercial use, to be serviced by city water and wastewater utilities and annex 7.287 acres of the property that are not already within the city's limits. The city previously annexed the property's frontage along Hwy. 79 in 1979, according to city documents. All were approved unanimously.
The PUD zoning allows for a maximum build...
Houston real estate developer, Wan Bridge Group, created a 48-duplex rental community in North Austin after finding great success in the Dallas and Houston markets.
The new development known as Georgetown Heights helps to meet the housing demand in Georgetown which has seen record-breaking growth over the past two years. The project broke ground in September of 2021 and is currently leasing.
Each home in the community features energy-efficient appliances, a two-car garage, a private yard and open floor plan. Properties ranges from 1,500-2,500+ square feet with rent starting at $2,375.
“Residents can expect all the Wan Bridge trademark qualities like modern, thoughtful design, high-quality finishes, excellent service from our property management service, and 24/7 maintenance,” said Ting Qiao, CEO of Wan Bridge.
Click the link...
American Airlines recently announced they will begin the first non-stop service from Austin-Bergstrom International Airport and Eagle County Reginal Airport in Vail, Colorado starting December of 2022. This is one of 38 non-stop destinations their airline offers Austin residents.
The flights to Vail, CO will begin daily from December 15th-January 9th, weekly from January 10th-February 15th , and back to daily again from February 16th-April 3rd.
“Austin continues to grow, and we’re proud to support the growth with new routes,” says Philippe Puech, American’s director of short-haul network planning. “This winter, American will offer nonstop service to 38 destinations from the Texas capital. From connecting Central Texans to the slopes this winter to bringing more business...
“The future of construction is here,” claims The Escobedo Group, commenting on their new panelized construction system that creates luxury, prefabricated homes in as little as just 5 months.
The Buda home builders have now constructed over 70 homes for their “DARIO Villas” project which is challenging the status quo that manufactured homes are low-end, cheap, and mass-produced. Buyers choose from a 1,2, or 3 bedroom floorplan ranging from 800-20,000 sq ft and $600,000-$1,000,000 in price.
Construction add-ons include, but are not limited to, roof mounted solar power, battery storage (supplies electricity during power outages), and eco-friendly water collection.
“The ability to construct a well-designed, superior quality home, office or guest house with minimal waste and impact on the job site didn’t exist until now.” –...
Just a few weeks of Summer remain before the 2022-2023 school year begins!
For families with kids, purchasing a home in a good school district is essential. Fortunately, the Austin-area is home to 5 of the top 50 school districts in the state of Texas. With EANES ISD leading the pack at #1, it’s no wonder why so many parents are choosing to purchase homes in the area. Lake Travis, Leander, Dripping Springs, and Round Rock ISD join EANES on the list’s Top 50. Districts are ranked on academics, teaching staff, diversity, sports programs and more. If you are curious to learn more about which district would best suite your family, click the link below to read on:
https://www.niche.com/k12/search/best-school-districts/s/texas/
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The June 2022 Austin Board of Realtors Stats are here! The median sales price was up nearly 13% year over year to $537,475 in the month of June. Active listings increased to a record-breaking 217.8%, causing housing inventory to jump to 2.1 months of inventory, up 1.5% from last June.
George Ratiu, senior economist and manager of economic research at Realtor.com, weighed in on the recent increase in inventory.
“When we look at the data across the Austin housing market, it reinforces what we see on a national scale—a combination of cooling demand from the tremendous surge in mortgage rates and rising prices with a noticeable increase in supply. The shift signals welcome news for more buyers who may be ready to embrace a post-pandemic reality and take advantage of more inventory. This increase in supply combined...
Chicken Salad Chick has been absolutely BOOMING around the country! It is the country's only fast & casual chicken salad restaurant chain. There are now 200 locations in 17 states! The popular restaurant has a few locations in Texas but will finally make a debut in Austin soon! In fact, Chicken Salad Chick plans to open 8 Austin locations over the next 3 years! This project will be led by restaurant and franchise veterans Austin Young and Sara Ingram.
"Austin is one of the fastest-growing cities in the country, and we're very excited to introduce the brand to such a booming market," Young said in a written statement. "This eight-unit deal was a natural next step in our career with the brand because we get to be on the...
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