Homes in Austin basically out of stock

Finding a  single-family home, condo, or townhouse to buy in Austin right now is kind of like looking for toilet paper at your local grocery store.  According to the November Central Texas Housing Report released by the Austin Board of Realtors®, the Austin-Round Rock Metropolitan Statistical Area (MSA) posted a record-breaking month of sales this November.  Austin – RoundRock MSA home sales jumped 23.8% year over year to 3,397 sales, indicating no sign of slowing down heading into 2021.

Understand, houses are entering the market, new listings increased 5.7% to 2,762 listings, but active listings dropped 55.2% to 2,842 listings and pending sales increased 23.9% to 3,269 pending sales. Homes for sale in Austin are getting scooped and purchased up as soon as they hit the market due to the number of buyers out there. 

For the first time ever, housing inventory dipped below one month across the five-county MSA, falling from 1.2 months year over year to 0.9 months of inventory. Continue reading

A holiday season like never before

Like most of the world, Austin is preparing to celebrate the holidays like never before. For some, that means drive-thru events and virtual get-togethers. For others, it is beginning to look a lot like an early Christmas as trees are already coming out of storage and being decorated, It’s “Festivus for the rest of us”, as the late great Jerry Stiller gifted us in that memorable Seinfeld episode. That grievance pole is certainly coming out this year for sure, as everyone has a bone to pick with the year 2020. Continue reading

Austin has plenty of real estate news

Austin is a bustling hot spot these days. The influx of new buyers and businesses moving to Austin has cast a wider net for housing development. To the east, the new Tesla gigafactory has propelled new construction near the area. Whisper Valley, a unique eco-community, is starting to pre-sell Phase 2 called Whisper Highlands and includes five different builders to date. To the west, sales and residential construction in the Westlake and Lake Travis areas are strong. The farther reaching development is partially a byproduct of the pandemic as buyers seek less dense areas and more personal space. Continue reading

Buying a Home amid COVID-19

I hope you and your families are in good health and good spirits as we collectively fight COVID-19. I have already connected with some of you and will continue to do so. Please reach out to me as well if you want to talk about real estate, are on the lookout for a supply you can’t find, looking for a new show to stream or are just bored and want someone different to talk to. Working from home can be very isolating, trust me I get it. I can certainly provide some tricks and tips to help you schedule your day a bit.

Austin Homes Sales are Strong

The Austin real estate market is strong, and that includes all of Central Texas. Yes, we have changed some business practices, but new homes are still coming on the market daily, houses are still being shown (with some precautions) and sold. Closings still happening virtually, with limited attendance and even taking place outside. Continue reading

January Home Sales Rise as Inventory Continues to Decline

The law of supply and demand continues to ring true in central Texas, as the greater Austin area prices are still on the rise.  The first Central Texas Housing Market Report of the year shows steady gains in both home sales and prices across the five-county Austin-Round Rock Metropolitan Statistical Area (MSA), according to the Austin Board of REALTORS® (ABoR).

Austin – Round Rock Real Estate Market Statistics for January 2020

In the Austin-Round Rock MSA, residential home sales in January rose 8.5% to 1,947 home sales, with a 9.6% sales dollar volume increase to $726,157,216. During the same period, new listings decreased 14.3% to 2,723 listings, and active listings decreased 24.1% to 4,889 listings. However, pending sales jumped 13.1% to 2,956 pending sales. Monthly housing inventory declined 0.6 months year over year to 1.6 months of inventory. Continue reading

What makes a home a condo?

Lately, my clients have taken me from Kyle to Dripping Springs to central and south Austin. I have been showing various types of condominium regimes and neighborhoods comprised of fee simple single family homes. Think you can tell a fee simple house from a condo? Think again. The perception is that you can tell a single-family house or duplex from a condo just by looking at it. Truth be told, there is nothing about the style of a house that dictates its classification. Continue reading

The Difference Between a House and a Home

The difference between a house and a home is you.  The memories, the pictures, the furniture, even the paint color combine to create a unique blend that reflects your own personality and style.  Improvements and accessories personalize, improve and/or allow for added functionality that a house may not have had before.  Consider them enhancements when it is time to sell an Austin home because they add appeal whether monetary or simply enhance the functionality of a room. Continue reading