austin homes

Austin Real Estate Market Update – December 2009

January 25, 2010

The Austin real estate market ended 2009 on an up note, with both average and median sold prices up more than 5% over Dec 2008. Oh, but wait … December 2008 was a dismal month because we all still thought the financial world was falling off a cliff. But the stats are what they are [...]

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Austin Real Estate Market Update – Nov 2009

January 5, 2010

Maybe I should start terming my Austin real estate market update blogs “Austin Real Estate Market, as Influenced by the Federal Government”. Indeed, the word “market” does need an asterisk next to it for the Sept-Nov time frame in Austin. Instead of taking its natural course, whatever that might have been, the lower end of [...]

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Austin Real Estate Sale Stats by MLS Area – Sept 2009 YTD

November 1, 2009

Austin’s real estate market is a “market of markets”, and thus the overall news reported about real estate activity in the Austin Metro area may or may not be reflective of conditions in the specific area in which you live, or the home you own, or the home you want to buy. Each quarter I [...]

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Austin Real Estate Market Update for August 2009 Sales

September 17, 2009

Austin Real Estate values for August 2009 are down about 5% from the same month last year. Average sales prices for the 1,657 houses that sold are down 5.12%. Median sold prices are down 4.80%. The number of houses sold is down 15% from August 2008, which is less of a decrease than we’ve seen [...]

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Austin Real Estate Market Update – July 2009 Stats

August 26, 2009

It’s getting real hard to write about the Austin real estate market when month after month it just keeps doing what is expected, treading water overall, doing well under $200K, especially close in, and still soft in the $400K+ price ranges. That really sums it up, month after month. At the beginning of the year [...]

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Austin Real Estate Market Update – June 2009 Stats

July 22, 2009

We’re at mid-year (June 2009 stats) for the Austin real estate market stats, and still the Austin real estate market is hanging tough. We continue to see stubborn bouncing up and down from month to month, as the graph to the left shows (click to enlarge), but the overall yearly trend is holding steady at [...]

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Austin Real Estate Investing – Then and Now

May 2, 2009

Since the end of WWII, rent prices in the U.S. have run parallel to relative sales prices consistently over time. By this I mean that a $60K home would normally rent for about $600 per month, or 1% of its sales value. The chart below illustrates the gap in sale to rent value ratios that has [...]

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Are Price Reduced Homes the Best Deals?

April 27, 2009

An interesting news announcement came to me the other day. The title was “Trulia Introduces ‘Hair Cut’ Search Engine”. This is a new feature that allows someone searching for real estate listings on Trulia to weed out listings that haven’t had a price reduction, and thus view only listing that have had a price reduction. [...]

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Why picky buyers pay more for Austin real estate

March 7, 2009

It’s called a “buyer’s market” because real estate buyers have a market advantage over sellers. The buyer advantage is a result of high inventory and lower demand. Buyers have a lot of Austin homes to pick from, and there are more homes for sale than there are buyers to buy them. This means Austin buyers [...]

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Never a Dull Moment in Austin Real Estate

February 28, 2009

If you are looking for an interesting, versatile, challenging and very rewarding career, where each day brings something new, then look no further. Real estate is the job for you! I never fail to be amazed at how wonderful this job is and how there is never a dull moment! Every time I take someone [...]

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