Austin Real Estate

Austin Real Estate Market Snapshop March 2012

April 12, 2012

This isn’t a full-blown market update, but I wanted to post a few graphs real quick to show current market activity and movement. Let’s start with the graph below showing Average and Median Sold values for homes in Austin for the past 49 months. So, what looked like a pretty bleak December/January (lowest of lows [...]

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How to Write a Competitive Multiple Offer in Austin TX

April 8, 2012

The last time the Austin real estate market saw this many multiple offers was in 2006 and 2007. Back then, buyers working with me and Sylvia won more than their share of these competitive offers by following a simple strategy, which was, make your offer acceptable and ready to sign with no mistakes or weird [...]

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Why My 1 Hour Daily Workouts Cost me 5 Hours Daily

March 27, 2012

As I start typing this blog article at about 6:15PM on a Tuesday, a crazy reality befalls me. It’s almost my bedtime. In less than 2 hours, maybe 3 at most. I have to get to bed around 9PM Sundays through Thursdays because of a new lifestyle commitment I’ve made. And it’s messing up my [...]

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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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Hanging Out With Old People – The Austin Realtor Demographic

March 1, 2012

I’ve been busy the past several weeks attending real estate education events. First was the NARPM Convention (National Association of Residential Property Managers) in Las Vegas last week. Immediately upon return, there was three days in Austin at the Texas Association of Realtors Winter Meetings at the Hyatt. Then last Monday at an all-day Realtor [...]

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Forgetting the MLS Key Really Stinks

January 24, 2012

No doubt every Austin Realtor has forgotten – or almost forgotten the electronic MLS key when showing a property. That really stinks when it happens. Me and Sylvia are still old school and carry around these horrible devices. The alternative would be to use an iPhone app that requires a small infrared stick that plugs [...]

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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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Seller Should Pay at Least Token Repair Amount

January 6, 2012

We recently had a transaction where the seller refused to negotiate any repair adjustments. None at all. This is actually not completely unusual, but most of our buyers do receive at least a small amount to offset repair and condition issues that were revealed by the inspection and not disclosed on the Seller’s Disclosure form. [...]

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Fitting Into Your Smaller Austin Home

November 29, 2011

Sylvia and I recently installed new hardwood floors in our entire home. Bedrooms, closets, kitchen, hallway, etc. Everywhere except the laundry room and 2 bathrooms, which received new tile the month before. The process of doing this in an occupied home required a packing and moving of stuff not dissimilar to actually moving. Every part [...]

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Where is Westlake, or is it West Lake Hills?

November 23, 2011

Where exactly is “Westlake” in Austin? Well, it depends on which boundaries you use. In the broadest sense, “Westlake” is considered to be those areas which attend Westlake High School, or those areas within the Eanes ISD boundaries, as shown on this map. So, in general terms, the area west of Austin known as “Westlake” [...]

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