Fall is the New Spring for Real Estate
Austin remains one of the nation’s fastest growing cities with an average of 169 people moving to metroplex daily. Growing by more than 60,000 new residents per year, the Austin real estate market remains extremely low on inventory, making it a great time to take advantage of the seller’s market! As we move into Fall, we see no signs of our market slowing down. If you are thinking of selling, NOW IS THE TIME!
This summer alone (June 1-Sept. 21), waterfront property sales on Lake Austin, Lake LBJ, and Lake Travis have increased over 66%, even with the covid-19 impact. All 3 lakes saw an increase of waterfront sales price & saw equal or fewer average days on market.
Lake Austin saw sales prices increase over 69% compared to the previous year, with a total of 82 properties sold this summer.
Lake LBJ saw an 85% increase in the average sales price compared to 2019. 145 properties sold in summer of 2020 compared to just 60 properties sold during this time last year.
Lake Travis had the highest sales activity, with 279 waterfront properties selling this summer and an average sales price increase of 27%.
If you are interested in selling or simply curious about what your property is worth, reach out to us today! We know Austin and we’re experts in waterfront real estate!
***Stats from ABoR MLS & Austin Business Journal