Sales Market

Adjusting to a Crazy Austin Real Estate Market May 2012

May 2, 2012

I just did something for which I am, on one level, ashamed. I entered a sales listing into the Austin MLS that is not properly cleaned, prepared, staged or photographed. The yard isn’t groomed. The photos are crappy 4-year-old rental listing photos I took when I started managing the property for the owner. The tenants moved [...]

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Austin Real Estate Market Snapshop March 2012

April 12, 2012

This isn’t a full-blown market update, but I wanted to post a few graphs real quick to show current market activity and movement. Let’s start with the graph below showing Average and Median Sold values for homes in Austin for the past 49 months. So, what looked like a pretty bleak December/January (lowest of lows [...]

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How to Write a Competitive Multiple Offer in Austin TX

April 8, 2012

The last time the Austin real estate market saw this many multiple offers was in 2006 and 2007. Back then, buyers working with me and Sylvia won more than their share of these competitive offers by following a simple strategy, which was, make your offer acceptable and ready to sign with no mistakes or weird [...]

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Austin Real Estate Market Suddenly Very Hot Spring 2012

March 16, 2012

Almost overnight, with little warning, the Austin real estate market has caught fire. We are encountering multiple offers and buyer frustration. Not everywhere, but in the popular neighborhoods. Let’s look at some Active/Pending stats for popular neighborhoods. Circle C 27 Active Listings. Average Days on Market = 35 31 Pendings.  Average Days on Market = [...]

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Austin 2011 Real Estate Sales Breakdown by MLS Area

January 29, 2012

The Austin real estate 2011 sales breakdown by MLS area is below. Most areas of Austin are holding steady. I’ve color coded the results columns of each area to show whether or not that area performed above or below the greater Austin market on whole. For example, let’s look at MLS area “W” (West Austin). [...]

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Austin Real Estate Market Update – Dec 2011 End of Year Stats

January 18, 2012

The Austin real estate market did about what we expected in 2011, which wasn’t much. Basically treading water with some slight improvements, but nothing that represents a notable shift in market activity. Instead, it looks like momentum is building for a breakout year of increased activity and rising prices either in 2012 or 2013. Let’s [...]

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Where is Westlake, or is it West Lake Hills?

November 23, 2011

Where exactly is “Westlake” in Austin? Well, it depends on which boundaries you use. In the broadest sense, “Westlake” is considered to be those areas which attend Westlake High School, or those areas within the Eanes ISD boundaries, as shown on this map. So, in general terms, the area west of Austin known as “Westlake” [...]

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Austin Real Estate Market Update – October 2011 Stats

November 13, 2011

Below are the Austin housing market stats for October 2011 and year to date. Austin Sales Market Update – October 2011 Homes only (condos, duplexes, etc. not included) compiled from Austin MLS data Sep 2011 Oct 2011 Oct 2010 Yr % Change # Sold 1601 1346 1202 11.98% Avg List $262,989 $267,793 $278,846 -3.96% Med [...]

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Austin Real Estate Investing Not Always Profitable

October 28, 2011

Sylvia and I just sold a couple of acreage lots that we purchased in Oak Hill back in Feb 2007. For those who remember, Austin’s real estate market was still running full tilt in early 2007. I bought three lots in a new subdivision, we built a new custom home on one of them and [...]

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Austin Realtor Agent Performance Stats Now Live on Redfin

October 1, 2011

The Real Estate company Redfin recently announced the release of its Agent Scouting Report in its various markets around the US. This allows Redfin “clients” (term in quotes because anyone can sign up at Redfin.com and instantly be a “client”, whereas most agents think of a client as someone who has signed an actual Listing or [...]

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