The August 2021 ABoR Stats are out! The median sales price was $470,000 last month. Closed sales are down 4% compared to last August. More homes are also being listed across the MSA, as new listings increased 14% to 4,409 listings in August. Active listings dropped 19% to 3,380 listings. Homes spent an average of 14 days on the market, which is down compared to August 2020 indicating that as new homes are listed, they are quickly going under contract.
According to Mark Sprague, economist, and the state director of information capital for Independence Title, Austin’s market is exactly where it should be based on demand.
“There have been reports of Austin’s housing market being overvalued, but from an economist’s...
The July 2021 ABoR Stats are out! The median sales price was $480,000 last month. Closed sales are down 9% compared to last July. More homes are also being listed across the MSA, as new listings increased 8% to 5,166 listings in July. Active listings dropped 36% to 3,294 listings. Homes spent an average of 12 days on the market, which is down compared to July 2020 indicating that as new homes are listed, they are quickly going under contract.
Vaike O’Grady, regional director of MetroStudy, said that while the frenzy to buy a home in Austin has steadied from this time last year, it’s unlikely that home prices will go down any time soon.
“Austin is always considered one of the top places to live in the U.S., but we’re losing ground due to shrinking...
The June ABoR Stats are out! The median sales price went up to a whopping $482,364 last month. Closed sales are up 8% compared to last June. More homes are also being listed across the MSA, as new listings increased 23.8% to 5,170 listings in June 2021, while active listings dropped 56.3% to 2,265 listings. Homes spent an average of 13 days on market compared to 46 days for June 2020 indicating that as new homes are listed, they are quickly going under contract.
“In June, and in the first six months of the year, we saw a confirmation that Austin’s...
Year over year statistics from ABOR
The median home price of the greater Austin area has reached an all-time high for any month on record.
“Austin’s housing market has become one of the most competitive markets in the U.S.,” Susan Horton, 2021 ABoR President, said. “As new companies relocate to Austin and the city’s popularity draws in new residents, the sheer demand for housing has created a critical inventory shortage... the market can seem difficult to navigate to the average consumer, because it is fast paced, and transactions are becoming increasingly complex. This is why it is so important to work with a REALTOR® who understands the market.”
The Greater Austin area continued to feel the stark effects of COVID19, as housing inventory dropped to critically low levels, according to the Austin Board of REALTORS® (ABoR) latest Central Texas Housing Market Report.
Compared to May 2019, residential sales in the five-county area decreased 29.2% while sales dollar volume dropped 30.8%. At the same time, the median sales price increased 0.7% to $329,893 and homes spent three fewer days on the market—an average of 47 days.
“We’re seeing home sales drop because we simply don’t have enough inventory on the market,” Romeo Manzanilla, 2020 ABoR president, said. “There’s a lot of opportunity for sellers who are ready—new listings have increased visibility and homes are spending less time on the market.”
If you compare Austin’s...
On September 17th, the Austin Board of REALTOR®’s reported that the median home price in the Austin-Round Rock metro area rose by 2% to $326,500. Similarly the number of homes sold in August increased 5.8% to 3,189. Conversely, new listings and active listing decreased in August by 7.1% and 9.3% respectively. This combination resulted in a decrease in the monthly housing inventory to 2.7 months. What does this mean to you? Now is a great time to be a seller. Low inventory and low interest rates are bringing buyers to the table quickly. To get a full overview of what’s going on in your area, contact us...
There are many projects that were planned to be developed in Austin this year and now that we’ve reached spring, you may be wondering what is planned and how things are coming along. This is an exciting time for Austin with additions in the works such as the new Apple campus that was announced in December, the new mid-rises coming to Mueller Neighborhood, and the multiple additions coming to Downtown. Take a look at some of the developments in the works that will be coming to Austin.
RiverSouth coming to First Street
In Downtown Austin, there will be many additions coming in the future. One development coming to the area is the RiverSouth 15-story tower that will feature both office space and ground-floor retail. This will be located across from Lady Bird Lake and will include green features like rain...
Did you recently get a new opportunity to work in Austin’s tech scene? This is going to be a wonderful location choice for your family as Austin becomes one of the country’s leaders in the tech space. In order to be close to your new office, you’re going to want to move to the area by Parmer Lane since it’s become known as the hub for tech companies here in Austin.
With the new Apple campus coming to Parmer and McNeil, it’s only inevitable that more tech companies are going to come to this are. If you are planning your move to Austin and need the perfect location to buy a home, check out these top neighborhoods below that will put you near the Parmer Lane Tech Corridor.
The Balcones Village in Austin, Texas is an excellent neighborhood possibility for newcomers to the area. This neighborhood actually surrounds a beautiful country club called the Balcones Country Club, making it suitable for golfing families. You are likely to have a home backing up to the golf course.
The neighborhood is great for those looking for a mature, established subdivision that is different from a newer, cook-cutter type of option. Take a closer look at the Balcones Village neighborhood, what types of homes you may find here, and whether or not this is a good option for families with children.
About the neighborhood
The Balcones Village Neighborhood was first built in the 1970s making it an established neighborhood...
Have you heard about the new Apple campus coming to Austin? This is big news for Williamson County as Apple made the announcement recently. This will mean more jobs and industry for Austin and specifically to the County of Williamson. This county was carefully chosen and will lead to tech jobs, tax breaks, and more. Take a look at everything you need to know about the new Apple Campus coming to Austin.
Why Williamson County?
Apple has been scoping out potential options for a new campus and they were searching privately nationwide while others may have been hearing about the public search that Amazon was doing for their campus.
Due to the high-quality schools in Williamson County which include the Round Rock ISD and the Leander ISD, this seemed like the perfect choice for Apple. In addition, Williamson agreed to some tax incentives that Apple can use to go back into the company....
Austin ranks very well when stacked up against other cities in many categories. Part one of this two-part blog series offers a look at how Austin ranks for fun, food, and college. Here's a look at even more of the accolades Austin has received.
One of the Safest Metro Cities in America
A study from SafeWise put Austin in the 8th place for the Safest Metro Cities in America. This study looked at many of the crime statistics across the country and compared several cities with metro areas.
Austin fell below the nation's average when it came to violent crime and it's very low compared to the average for Texas. Property crime was also lower than the national average.
Best City to Live in America
Relocating to Austin means you'll be living in one of the top cities in America. The city offers plenty of things to get excited about and it has received many accolades. Here's part one of the Austin Receives Many Accolades two-part blog series.
Best College Town & City
Austin was named the Best College Town & City in American by WalletHub. The study they did used three specific factors:
- Social Environment
- Academic & Economic Opportunity
- Wallet Friendliness
With so many free activities to do throughout the year, Austin scored big points when it comes to the wallet friendliness category. It's also filled with many...
Getting into an Austin neighborhood that is near great schools may be on the top of your list of priorities, but one that also comes with low tax rates would really sweeten the deal. Fortunately, there are several neighborhood options specific to the southwest part of town that features both low tax rates and great schools.
These neighborhoods tend to feature master-planned communities, fairly new construction, and that proximity to downtown that makes sense to live here while working downtown. Take a look at some of the best options in southwest Austin for low tax rates and great schools.
Start your search by checking out ...
Austin, Texas takes the top spot on the U.S. News and World Reports 2018 Edition of the 100 Best Places to Live in the U.S.A. This is the second year in a row Austin has taken the top spot after taking over Denver last year.
This year, the city edges out Colorado Spring with a score of 7.7. Colorado Springs had a score of 7.6. However, the overall score for Austin did drop from 7.8 to 7.7 this year, but that was still high enough to take the top spot.
How the Rankings Were Figured Out
The rankings were based on a number of factors that the U.S. News looked at. These factors were considered to...
Plenty of new residents have move into the Austin, Texas area due to the incredible music scene, great restaurants, growing art scene and the thriving economy. The city is growing and the neighborhoods keep growing and changing, as well. There are several great places to call home in Austin. Here's a look at the hottest neighborhoods found within the city right now.
West Lake Hills
Found within rolling hills and surrounded by nature, West Lake Hills maybe small, but it's a hot area to call home. The location is very central and offers an easy commute to most of the best the city has to offer. Downtown is only 10 minutes away and plenty of locally owned businesses are found nearby. The Eanes School...
If you're shopping for a home in Austin and you prefer a walkable neighborhood, it's important to know where to look. Several great neighborhoods throughout the city offer a high walk score and plenty of attractions close by.
Maybe you're moving from a large city to Austin or you're sick of living in the suburbs. Whether you prefer a home or a condo, you can find plenty of great urban neighborhoods to choose from throughout Austin, Texas. Here's a quick look at a few of the most walkable neighborhood options in Austin.
Located between South Congress and South 1st, Bouldin Creek is the most walkable option found in the 78704 zip code. It...
You may have thought San Francisco’s Silicon Valley would take the cake for being most techy in the country or even the world, but believe it or not, Austin has just passed all other locations in the world for being the best tech city.
Not only does Austin have established tech companies running things here including Dell and IBM, but the start-up scene is alive and well thanks to great real estate prices, low taxes, and the strong entrepreneurial spirit among residents. Take a closer look at why Savills named Austin the best tech city on the planet.
The 2017 study
Savills, an international real...
While Austin has always been a great place to raise your family between the great schools, the outdoor recreation, and the wonderful people, there are some cities right in our area that take thee cake for the best in family living. If you’re looking for the perfect family-friendly location, you don’t have to sacrifice Austin living to get it.
You can still enjoy the perks of what makes Austin great while taking advantage of the family fun that is found in these top cities. Take a look at the three Austin area cities named for being a top place to raise a family in the whole state of Texas.
The top city on the entire list was our very own ...
Austin, Texas has received many awards over the past decade. If you're considering relocating to the city, you may have come across some of these including the Best City to Buy a Home, America's Next Boom Town or the award for Top City to Start Over.
All of these awards are great, but they are not the only ones the city has won recently. In fact, U.S. News & World Report recently decided Austin, Texas was the Best Place to Live in the United States. If you relocate to Austin now, you'll...
Austin, Texas has become known as one of the top places for many things, such as tech, real estate and more. It has won many awards over the past few years and 2016 was no different. Here's a quick look at three of the new accolades Austin received last year.
Top Place to Invest in Real Estate
A report prepared by the Urban Land Institute and PwC looked at the opinions and ranking of 1,500 professionals throughout the real estate industry. This report is one of the most read by those in the real estate industry and it ranked Austin as the top market for 2017.
Austin was ranked at the top of this list for the first time followed by Dallas-Fort Worth, Texas, Portland, Oregon and Seattle,...