Make a New Home List and Check it Twice

The holiday season is all about lists. We make them, check them twice, and then because it is 2020, we throw them away and start new ones. Austin made Santa proud this year by making Wallethub’s Best Cities for Christmas list. If we have learned anything this year, it is to be more adaptable. We all think we are flexible and able to bend, but that was challenged this year (and I don’t mean with yoga). Life truly can change at any moment. For introverts and fans of dystopian drama, like me, adapting to staying indoors away from the social scene has been relatively easy. I think I was more prepared for zombies, but I feel like we leaned a little closer to the Hunger Games.

New Home List

It seemed like overnight, new home wish lists changed too. Suddenly, a desk area that wasn’t really needed, became the most prized space one could have. Wi-Fi access, which was once a secondary concern, now moved up the list. The drive for minimalist simplicity now includes the desire for more personal space. Pandemics change floor plans as lifestyles change. At the end of the day, what is no longer a perfect fit for one buyer, will certainly be the right fit for another.

Moving to Austin

Like any list, what a buyer wants in a new home has priorities too. Add too many items and you are either custom building or not buying anything. In the beginning, I suggest my clients start with items like location, price, size range, and the number of bedrooms. From there, we look at the inventory and modify it. This is the year to be adaptable, and looking for a home Austin, Round Rock, Buda, Kyle, Pflugerville, West Lake Hills, or anywhere else in Central Texas is no exception.

Home Inventory in Austin

Less is more right now because the home inventory in Austin, or anywhere near Austin,  is so low. It is better to just add a few criteria and see how many homes meet them before adding more. Like any list, the fewer line items – the greater the chance of getting through it.  Read about how hot the Austin real estate market was for November here.

Happy New Year!

As we inch closer to 2021, with just a few days left, I wish you and your family a safe, healthy holiday and a brighter new year.

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 area real estate hits a perfect storm as a blizzard of buyers meets a hot market

The holidays bring out a plethora of emotions and this year real estate is doing that as well.  There just aren’t enough homes out there for everyone who wants to move.  The Austin Board of Realtors® does a great job creating the infographics I post every month.  The data certainly tells the story, but the graphics really paint the picture.  It is hard to express how hot the market is to people until I can actually show them.  Some buyers think only the particular market they are looking in is hot. We are in a collective buyers’ blizzard right now. It is hot all over the Central Texas real estate market right now with no signs of cooling off. Continue reading

Real estate in Austin shows no signs of cooling down

There have been some beautiful days here in Austin, Texas. I think it feels extra good to be outdoors after a spring season spent mainly watching the news and a long hot summer. Learning how to survive, cope, and thrive in our new normal took time away from the outdoors, as we spent even more time in front of our laptops. COVID-19 has taken us through the many stages of grief for a variety of reasons, so even though fall is already upon us, spring is somehow in the air as we leave the laptops behind to line up to vote, get flu shots, and send the kids back to school. Overall, Austin has pivoted well to life’s new hurdles, while it is not immune to the toll it has taken on the bars, restaurants, and entertainment venues. The jobless rate is continually showing signs of improvement which may be turning even more people to look in Austin’s direction. The result is that new interest in Austin only increases the demand for housing. Continue reading

Austin home sales continue to soar

AUSTIN, Texas—According to the latest Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), the Central Texas housing market continues to exhibit strength despite economic challenges and shrinking housing inventory. In September, home sales across the Austin-Round Rock MSA soared 31.5% year over year to 3,892 sales. Historically this time of year home sales are slower, but because of decreased activity during the shelter-in-place orders due to the COVID-19 pandemic, the summer selling season extended into September. 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