austin homes

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 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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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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The Joys of Downsizing to a Smaller, Better Located Austin Home

July 23, 2010

The Crossland Family has Super-Down-Sized from our nice, big, 2-year old custom home in Oak Hill to a crappy old 1970s house in Westlake. Now Me, Sylvia and our two teenagers are “crammed in” to an 1859 sqft rancher compared to the former 3316 sqft home, and 3701 sqft in the home prior to that. [...]

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Is Rental Property Investing in Austin Still Profitable?

May 30, 2010

As someone who’s bought and sold a bunch of rentals, and helped other investors buy, sell and manage investment property in Austin for a number of years, I’m about to ask a question that might seem counter to my professional mission of being in service to real estate investors. Is rental property investing in Austin [...]

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Tax Credit Effect on Austin Real Estate Market

May 16, 2010

The $8,000 buyer tax credit ended April 30, 2010. Take a look at the following graph to see the effect the tax credit had on buyer activity in Austin TX.  This shows Pending activity for Austin MLS listings going back to Jan 2005 through April 2010. The green line is 2010. The previous years of [...]

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The Government Has Made Me Stupid About Real Estate

April 22, 2010

As we head into the final weekend preceding the final work week of April, and the $8,000 1st time homebuyer tax credit winds down (thank God), I’m seeing a surge of new Austin real estate listings coming on the market each day as well as a huge increase in the number of showings for most [...]

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