By the Numbers

How many homes are for sale in Austin, in a community near you?  What are the median list prices?  What are the current average days on the market?  Let’s explore some random subdivisions and condominium communities to look at some current market data.  Note these numbers are by specific subdivision name, not by area.  So there may be more homes available in the neighborhood’s area.  When buyers are looking in a general area, like Travis Heights or Tarrytown, I typically set up a map search.  Older neighborhoods are made up of many micro-subdivisions as the land was and is developed.  The list below will give you an overall idea of what to expect in terms of available inventory price points.

Jester Estate, Crestview, Onion Creek and more….

Jester Estate
Number of homes for sale                       12        
Median List Price                                   $440,750          
Average Active Days on the Market         120

Circle C Ranch
Number of homes for sale                       24                    
Median List Price                                   $316,500
Average Active Days on the Market         57

Parkside at Slaughter Creek
Number of homes for sale                       11
Median List Price                                   $207,900
Average Active Days on the Market         110

Crestview
Number of homes for sale                       16
Median List Price                                   $249,389
Average Active Days on the Market         141

Agave
Number of homes for sale                       6
Median List Price                                   $238,700
Average Active Days on the Market         129

Travis Heights
Number of homes for sale                       9
Median List Price                                   $599,000
Average Active Days on the Market         149

Western Oaks
Number of homes for sale                       25
Median List Price                                   $246,500
Average Active Days on the Market         98

Onion Creek
Number of homes for sale                       32
Median List Price                                   $308,000
Average Active Days on the Market         145

360 Condominiums
Number of homes for sale                       17
Median List Price                                   $339,900
Average Active Days on the Market         117

Spring Condominiums
Number of homes for sale                       3
Median List Price                                   $403,000
Average Active Days on the Market         70

Some Restrictions May Apply

Let’s take a minute to talk about fences. Fences can certainly add data points to a home, and help it sell faster. They keep your pets and children in. They keep neighborhood pets and children out. Fences can provide privacy as well. Privacy is generally determined by material and height; which you don’t always have control over. City restrictions will determine height limits and may require a permit. Home Owners Associations will have restrictions as well, which may include allowed materials. For example, Granada Oaks requires stone and wrought iron and Plum Creek requires white picket fences.

When looking at houses keep fences in mind, so you can research what you would like to do in the future, before you purchase.

5517 Agatha Circle in The Statesman

My listing at 5517 Agatha Circle has been spotlighted in the Austin Statesman. Here is a link to the article.  This stunning home is a head turner due to its modern 3-story design.  The home fits right into it’s community of modern homes, which is called Agave.  Agave was originally referred to as 969, which is what Martin Luther King Boulevard transitions into as you head further east.

Over 12 architects contribute to the modern floorplans, colors and details of this community. Keven Stewart was the architect who designed 5517 Agatha Circle.  The first floor includes 2 bedrooms, and one full bath with polished concrete floors.  Make you way up the bamboo wood staircase to find a living area, eat-in kitchen and utility room with plenty of extra storage space.  The floor also feature a half bath and outdoor deck.  The third level of the house includes a master bedroom, master bath and flex room.  There is also a large deck off of the master bedroom.

5517 Agatha Circle is ideal for someone really looking to make a statement.  It is finished with green details like silestone counters, a tankless water heater, low V.O.C paint and Energy Star rated appliances.

Listing # 6640723

The Agave Community is nestled within a hillside in east Austin.  It is about 3 minutes to 183, 6.5 miles from the University of Texas and less than 10 miles to downtown Austin.

Like a G6

The Gulfstream G650 jet is the fastest civil airplane in the world.  The Federal Aviation administration is set to certify it to fly at 704 mph or mach .925 in the next year.  Once you are under contract to buy home, the time starts going by – like a G6.  The option period is typically 7 days long and it starts ticking the minute the offer becomes a contract.  So, time is of the essence.

The better educated a buyer is before the option period begins, the smoother the time goes by.  Understanding the loan program you are qualifying for, choosing a home inspector, and having liquid funds available for option and earnest money fees are just a few of the things that add stress and take time. 

Any amendments made to the contract need to be agreed upon by midnight of the last day of the option period.  If the Seller has not signed the amendment by midnight on the last day of the option period, the buyer has 2 choices.  The buyer either accepts the property based on the initial terms and conditions, or must terminate contract in order to get their earnest money.

It’s no fun waiting until the last hours of an option period to wait for either party to decide what to do.  The best advice I can give is to be prepared before you find a home. Don’t waste days during your option period to prepare.  Planning ahead lets you take off like a G6 and allows time to educate yourself on the home, without feeling rushed.