austin market

Austin Real Estate Market Update – May 2009 Stats

June 18, 2009

The Austin real estate market continues to chug along in a manner that would be considered unimpressive if not for the fact that it was expected to be doing so much worse by so many. Average sold prices are down about 3.5% and the Median is down about 2.25%. We’ll take take that. I’m not [...]

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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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Open House activity brisk in Austin and Round Rock

March 23, 2009

Steve and I have a few listings that have not had as much “traffic” as we would like, so the last few weeks I held open houses in a couple of our vacant staged listings just to get a feel for foot traffic in the neighborhoods and to hear what buyers are saying. The first [...]

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Austin Real Estate Market Outlook for 2009

January 7, 2009

Well, 2008 is behind us and it seems like every Realtor in Austin except me and Sylvia are saying “good riddance”. For reasons I won’t fully go into in this blog post, Sylvia and I actually did better in 2008 than in 2007, by almost every measure. It was another record year for us, which [...]

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Austin Real Estate Market – May 2008 Update

June 23, 2008

The average sales price for houses in Austin increased 5.14% in May from $259,958 in May 2007 to $275,711 May 2008. Sales prices had been flat or falling since Feb 2008, but May has us heading the other way again. We continue to have a large number of “failed sales” listings though, and days on [...]

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