Austin Texas 2015 Update: 2014 was another banner year in central Texas housing markets. The uptick in housing prices in the Austin and surrounding areas was unprecedented. The extreme shortage of inventory in the “affordable” near-town residences continues, with no real change on the horizon. Median sold price for all areas combined in December is up to $244,950. While the $400,000+ […]Continue Reading →
Existing homes sales in the Austin MSA decreased 5.7% in May 2015 compared to the same month last year. However, median price rose almost 10% from May 2014, and overall YTD existing home sales are up 2.3% compared to the same period (Jan – May) in 2014.Continue Reading →
Austin Texas 2014
The growth in central Texas continues at a fast pace. The 2013 stats are in and year over year sales price and volume are both up, while days on the market are down. Another year of overall improvement for sellers in this region.
The usual seasonal adjustment […]Continue Reading →
2014…..Below was originally written March 2013. Compared to the inventory crunch we are currently under this is another under-statement! As they say, “never catch a falling knife”! This one flew up so fast hardly anyone would’ve predicted the surge in demand and drop in inventory. It hasn’t been seen in our market place since 2001.
March […]Continue Reading →
Upside: increased demand stimulates inreasing values.
Downside: imho we have significant demand that, in Texas and some other regions, is directly related to the economic stimulation created by the ramped up oil and gas trade.
May numbers are in and the Texas median home price is the highest ever at $162,400. Couple that with quickly rising rental rates and you have a market that is short on affordable inventory. For the first time in many years it is truly less expensive to own than lease in many market segments. Couple that with historically […]Continue Reading →
Ok, it’s been a couple years since you bought your home and now you are considering a move. Don’t forget that tax credit you probably took back when you bought the property. Yes, you have to repay it if you sell or convert your home into a rental. There is no easy way around it, […]Continue Reading →
Our “Condo on the Laguna Madre” has gotten off to a good start booking up for this summer. If you have considered using the condo, or want to go fishing on the Laguna Madre with me between now and August ’12, it’s time to organize and make arrangements.Continue Reading →
There just isn’t much sweet inventory available in SW Austin right now. Oh sure there are a good handful of fair to mid homes waiting for someone to fix-up or completely refurbish, but not many functional floor plans that are turn key. So this could complicate issues for a growing […]Continue Reading →