Put Your Smart Phone to Work When Moving

Schools are back in session and traffic is back to normal which can be helpful when trying to estimate how long it takes to get from point A to point B. If you are looking for a home in a new area, I always recommend using the navigation app on your smart phone.

Real Time Data

Type the proposed area of your new home to your work address, at the time you leave for work. Reverse the search again at the end of the day. Doing this a few times will help you start tracking drive times to and from the area you are considering moving to. Continue reading

2120 Williston Loop, Austin, TX 78748

2120 Williston Loop, Austin TX 78748

Single story home for sale in Bridges of Bear Creek.  Beautiful inside and out! 4-sides brick, center island kitchen w/ ext. buffet, under cab lighting & stainless steel appliances. engineered hard wood and tile floors. crown molding in all rooms, 8’ doors, 10’ ceilings, 5” baseboards, ceiling fans galore, whole house filtration system, radiant heat barrier. Continue reading

Tis the Season

Thanksgiving is now a distant memory, Black Friday came and went, as well as those Cyber Monday deals.  We are now creating lists, checking them twice and trying to manage our time in an effort to get everything done in time.  When you are looking for a house on your own, you tend to have other things to do on the weekends during the holiday season, especially if you are not really focused on what you want, or what you can afford. Continue reading

Austin Real Estate Market Sizzles

Recently Sold Home In Kyle

The summer home selling season is sizzling in Austin real estate news. Market activity set an all-time sales volume in May reaching $1.2 billion, according to the May 2017 Central Texas Housing Market Report released by the Austin Board of REALTORS®.  By the numbers, May 2017 single-family housing market statistics in the Austin-Round Rock Metropolitan Statistical Area showed 3,170 Single-family homes sold, which was 9% more than May 2016.  The median price for single-family homes was $310,000, an 8% increase over May 2016.  The average time on the market was 43 days homes, which was one day less than May 2016.

Austin is Weird

The key to this market for a buyer is flexibility in terms of location and a solid understanding of budget. Austin is weird and the beauty of that is having a wide variety of home styles to choose from, in a unique mix of neighborhoods.

With low inventory, Buyers are searching for a home in a larger area then they once were.

The key to this Austin real estate market for sellers is also understanding that their home is also unique right now. In some neighborhoods, there may be only one house for sale in a particular price point. This creates a sellers’ market and an opportunity.  The Austin housing market has buyers searching within a larger map area these days because of the lack of inventory and will keep looking elsewhere if the home does not show well.

Sellers are representing the neighborhood.

Keeping the house clean and cool in the summer are two of the easiest ways to welcome a buyer, show pride of ownership, and now-a-days represent the neighborhood.

Interest Rates Impact Housing Market Trends

Austin Texas Home Sales February 2017

 Austin, TX … The water cooler topic these days is all about mortgage interest rates. Everyone is anticipating rates to go up, but it is not clear when that change will happen or even by how much. Interest rates factor into real estate because they help determine buying power. Lower interest rates increase buying power. Lenders look at the debt to income ratio when deciding to approve a buyer for a loan. Debt includes existing data like student loans and car payments, but the principle and interest on your proposed mortgage will also be a factor. The more you spend on interest the lower your principle payment on the house will need to be to meet the qualifying debt to income ratio.

People always ask me if selling next year means selling for more than this year. I can’t predict the future. When I list a house, and even when I represent a buyer, I look at trends in the market. Market trends vary about every 3 months based on how fast inventory is moving, what houses have sold for and what houses entering the market are being listed for. Austin housing prices are a reflection of both national and global economic factors that affect interest rates, the stock market, the bond market and employment rates to name a few. The volatility of market conditions makes it impossible to predict what your house will sell for a year from now. Sometimes I review sales over the past year, but it’s not to price a house – it’s to look at the trend.

Austin Texas Real Estate Markets are Local

Markets are local which can be scaled down to a particular subdivision or specific condo community. Markets can be defined as a school district, zip code, etc. Looking back in time longer than 3 months helps me see the trend of that particular market because – although the list price can’t be predicted a year from now, how hot a specific market is generally can. Price, on the other hand, is a moment in time.

Price is a Moment in Time

Interest rates go up and down constantly.  A consistent steady decline or rise in interest rates does ultimately affect home values. Time will tell what this year will bring in Austin. Sales seem to have flattened a bit, but Spring is in the air.  

Austin Home Buyer Style Guide

They say you are what you eat. What kind of home you purchase can say something about you as well. Austin is known for being weird. The eclectic mix of art, music and culture are as unique as the architecture, landscaping and aesthetic designs of Austinites who call this city home. There is quite a buffet of homes styles in Austin to choose from.

Homes for Sale in Austin offer a unique blend of vintage and modern designs. In Austin, you can turn a corner and be in a different neighborhood with a completely different vibe. I’ve had clients in the past who refer to master planned communities as ‘Disney Word’, because all of the homes conform to the same aesthetic tone. Other neighborhoods in Austin look like something out of storybook with bungalow style homes and lemonade porches.

Bungalow homes for traditional buyers in Austin

I have found, more often than not, that who you are, as a buyer, has a lot to do with what type of home you pick. Buyers who like antiques, nostalgia or tend to like structure in their lives, tend to like colonial and bungalow style homes. These buyers don’t care if the floors creek, have no finish and are original from the 1940’s. To them, the floors as real wood and they appreciate the history and authenticity they represent. These traditional buyers also like defined rooms. They like a formal dining room, separate from the kitchen and other rooms, because to them every room has a unique purpose and therefore should have a unique identity.

Dated homes ready for a remodel attract creative types in Austin.

Unlike traditional personalities, progressive buyers roll with the times. In my experience these buyers tend to be creative, artist types who don’t always look at a house for what it is… but rather what it could be. These buyers are deciding what walls they are knocking down and how to expand the kitchen. These are the dreamers who know very well they may never get to every project they envision, but see the potential and possibility.

Modern homes in Austin for buyers who think out of the box.

Modern buyers are similar to progressive type, but have a flare for drama. These buyers are drawn to open floor plans and like mid-century, contemporary and trend setting designs. They feel boxed in with too many walls. They like vaulted ceilings with a uniform tone between living areas. To some people, these homes look like office buildings, but to modern home buyers, they are dramatic and unique – a work of art in their own right.

The funny thing is that you typically don’t like what you grew up with. For example, I grew up in a mid-century modern single story home, but my brother, sister and I have always lived in 2-story traditional homes. I find this to be the case with more of my buyers than not. Maybe it’s the rebel in us or simply that we know deep down change is good.