Sales Market

Austin Property Tours: Beneficial to Sellers and Listing Agents?

August 18, 2011

Today I attended a property tour for my listing in Great Hills. There were 11 homes on the tour, including our listing. The other agents on the tour were the listing agents for the other 10 houses. This gives us a chance to see each other’s listings and to offer feedback on pricing, staging, etc. [...]

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Keith Richards, Harry Potter and the Austin Home Buyer

July 22, 2011

I recently read the autobiography Keith Richard’s Life. In it, Keith Richards, of Rolling Stones fame of course, talks about becoming a songwriter and how it changed his perspective on life. It caused him to more closely observe people and how they behave. To more closely listen to comments and phrases people use, always keeping [...]

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Central Austin Homes: Buyers Often Frustrated and Deflated

July 6, 2011

I’ve been working with buyers recently looking in Central Austin neighborhoods. A recurring scenario always develops. Buyers are in love with neighborhoods such as Allandale, Travis Heights, Zilker, Barton Hills, Hyde Park, East Austin, etc., but cannot find an acceptable home to purchase in the Central Austin areas they love. A couple of months ago [...]

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Austin Housing Market Update – Midyear 2011

July 4, 2011

Homes values in Austin are trending up overall. This graph shown below can be deceptive though, because market activity is highly localized within pockets and neighborhoods. Let’s have a look and I’ll discuss further below. It’s impoortant to understand what a graph like this is and what it isn’t. It’s not an indicator of the [...]

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Popcorn Ceilings – Are They Really So Bad?

April 10, 2011

As I was suffering with allergies last month, praying the medicine would work, and wishing I could at least start to half-breath again, I took respite on my living room sofa and laid there for a while, like a zombie, staring at my ceiling, meditating and trying to will my sinuses into operation. As I did so, I [...]

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Austin Real Estate Market – 2010 Breakdown by MLS Area

February 20, 2011

Below is a chart breaking down the 2010/2009 sales comparisons by MLS Area for the Austin real estate market. This time I’m adding a couple of new things. First, there is color coding on each of the summary rows for each area. A green shade indicates “improvement” in the measured metric. I put “improved” in [...]

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Austin Real Estate Market – Year 2010 Summary and 2011 Predictions

February 6, 2011

The Austin real estate market finished 2010 with increased overall sales prices. The market is roughly a bit higher than the peak 2007 values. See the graph below for an illustration of Austin home sales values from 1999 through 2010. The graph can be deceiving though. It simply represents the cumulative data from all MLS [...]

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The Best time to Plant a Tree in Austin

January 27, 2011

The best time to plant a tree was 20 years ago. The next best time is now. ~Chinese Proverb I ran across this quote on Facebook about a week ago and it struck me how true this is! Especially now, in the cold of winter in Texas, it is time to plant your trees. All [...]

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Will recent low interest rates stunt future Austin move-up activity?

December 16, 2010

One of our buyers closed last month with a 3.87% interest rate. We saw many sub-4% loans the past several months, though rates have now climbed back above 4.6%. Let’s imagine hypothetical first time buyers with a toddler who closed this year with an interest rate below 4%. Fast forward 5 years to 2015 and [...]

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Do Group Homes Harm Austin Neighborhoods?

December 2, 2010

We have a listing that is a good candidate for a Group Home, and we’re marketing it as such. This has earned the ire of some of the individuals living in the University Hills neighborhood in NE Austin. Let’s have a look at an emailed received from one of the concerned neighbors: Do NOT advertise [...]

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