austin real estate market

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 – 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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How Much is a Dollar Worth to You? It Depends

September 18, 2011

Last year I made (saved) $120 by spending 3 minutes on the telephone. All I did was call Sheraton Hotel in Seattle and say “I’d like to convert my reservation to the internet rate“. A couple of minutes later it was done. No fuss about it. I then paid $30 less per night during our [...]

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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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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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Austin Real Estate Market Update – Aug 2010 Stats

September 16, 2010

The average year-to-date sold price for homes in Austin is $256K, which just broke through the (peak) year 2007 YTD of $255K. Now, there is a lot of discussion and caveats that must be considered along with this milestone statistic, but nevertheless, look at the graph below for a visual representation of where average and [...]

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Austin Pending Sales Update – Through May 2010

June 25, 2010

Take a look at this chart showing the number of homes that go under contract, or “Pending”, in Austin each month over the past several years. The green line is 2010. I could almost stop writing at this point and just let the chart tell the entire story. But have a careful look at the [...]

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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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With Buyer Tax Credit Over, What’s Next for Austin Real Estate

May 2, 2010

With the April 30th expiration of the home buyer tax credit, it’s time for buyers, Austin sellers and Austin Realtors to figure out what happens next. Austin Sellers who didn’t get offers might wonder, “are the buyers all gone now?” Austin Buyers who didn’t get their act together and claim the tax credit might wonder, [...]

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