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. Buyers who have agents, have the luxury of having someone else help them, which saves time. Serious buyers are still out there looking. At the end of the day, Buyers looking during the holiday season still need and want to buy, and Sellers, who have a home listed, still need and want to sell.
Austin Real Estate
I love listing homes this time of year for a couple of reasons. The first, is because people tend to have company this time of year, so they are naturally organizing and cleaning. Selling your home is not always a great motivator for cleaning, so knowing Grandma Jean is coming to visit and counting the cobwebs tends to naturally motivate homeowners.
Do you know what the biggest day of the year to start looking for a house is? It’s December 26th — the day after Christmas. That’s my second reason I like listing homes this time of year, because we are ready for December 26th. We have all of the marketing in place and the house is clean and organized. So, as I would say: It’s Showtime!
House for sale….Remodel. Invest. Enjoy as-is…plenty of options for this South Austin home with a 70’s vibe. Updates include: roof (2016), hot water heater (2013), HV/AC (2011), gutters & rainwater collector (2013) & disposal (2018). Large dining area could double as 2nd living or offers space to expand kitchen. Covered patio area with large, lightly treed, fenced, flat backyard. No carpet. No HOA. Neighborhood setting w/ convenience of West Gate shopping, Central Market & the Regal Theater. Shed, Refrigerator,Washer and Dryer convey.
Property Details for 2509 Cockburn Drive in South Austin
Baths: 1 | 1
Sq. Ft.: 1,282
Type: Single Family Home
For Pricing and Availability Click on Listing #7032711
MLS Area: 10N
Subdivision: Village Sec 06
Directions: West Gate Blvd > Blarwood Dr. > Cockburn Dr.
Rooms: Formal Living
Interior: Walk-In Closet, Wired For Security
1/2 Baths: 1
Has Dining Room: yes
Dining Room Description: Kit/Din Combo
Kitchen Description: Galley Type
Has Fireplace: No
Heating: Central Heat
Cooling: Central Air
Floors: Laminate, Tile – Vinyl
Laundry: Dryer Connection – Electric, Garage, Washer Connections
Appliances: Dishwasher, Disposal, Dryer, Microwave Oven, Range-Free Standing, Refrigerator, Washer, Water Heater Electric
Construction: 1 Side Masonry, Vinyl Siding
Exterior: Curbs, Gutters Full, Patio-Covered, Storage
Roof: Composition Shingle
Sewer: City at Street
Utilities: Electricity Available
Has Garage: yes
Garage Spaces: 1
Has a Pool: No
Has Golf Course: No
Lot Description: Level
Lot Size in Acres: 0.145
Has Waterfront: No
View Description: No View
Is One Story: yes
School District: Austin ISD
Elementary A / B School(s): Cunningham
Middle School: Covington
High School: Crockett
Property Type: SFR
Property SubType: House
Year Built: 1973
Is a Foreclosure: No
Tax Year: 2017
Tax Amount: 4, 753
Is Gated Community: No
Listing Financing: Cash, Conventional
Square Feet Source: Tax Record
Exclusively listed by Doreen Zelma with Sky Realty
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.
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.