September 2019: Austin’s median home price reaches all-time high

September 2019: Austin’s median home price reaches all-time high

Austin Area, Real Estate News
Rewrite of land development code is necessary for housing solutions AUSTIN, TX – While the summer selling season has ended for most housing markets, the Austin Board of REALTORS® latest Central Texas Housing Market Report shows a double-digit percent increase in Austin home sales, which continue to outpace inventory and drive up home prices. The median price of a single-family home in the city of Austin rose 11.9% this month to $406,000––an all-time high for any September on record. “The adverse effect of low housing stock within the Austin area is higher home prices,” Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. “As the anchor city of our region, Austin and its land use code directly impact Central Texas’ ability to meet buyer demands for more…
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August 2019: Hot Market leaves Few Choices

August 2019: Hot Market leaves Few Choices

Austin Area, Real Estate News
Increasing sales and decreasing home stock leave few choices for Austin residents As the summer-selling season came to an end, August Austin-area home sales continued to increase, while listings on the market decreased compared to the same month last year. The Austin Board of REALTORS® latest Central Texas Housing Market Report indicates the imbalance between supply and demand––which continues to drive up the cost of homes in Austin––will persist beyond this summer's sales activity. "While it's typical to see a decrease in housing inventory and listings at the end of the summer, the continued year-over-year decrease in supply is proof that Austin's housing stock is critically limited," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. "We’re encouraged by the City Council's stated commitment to creating more…
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July 2019: Austin-area home sales break July records

July 2019: Austin-area home sales break July records

Austin Area, Real Estate News
Austin-area home sales set an all-time high for any July on record, as sales last month increased 11.7% to 3,439 home sales, according to the latest Central Texas Housing Market Report from the Austin Board of REALTORS®. Despite the record, home sales within the city of Austin remained flat due to limited housing inventory. "Regional single-family home sales posted strong gains this July, indicating the summer selling season is likely to remain active and steady throughout August," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. “It’s a sellers’ market right now. Even though we saw an increase in new listings, inventory remains low. Homes located inside city limits are spending less than one month on the market, on average." Jim Gaines, chief economist at the Real…
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June 2019: Dip in Austin’s Home Sales May Indicate New Trend

June 2019: Dip in Austin’s Home Sales May Indicate New Trend

Austin Area, Real Estate News
Central Texas home sales increase in first half of 2019; decrease in Austin AUSTIN, TX – Single-family home sales experienced strong gains in the Austin-Round Rock Metropolitan Statistical Area (MSA) but declined in the city of Austin in the first half of this year, according to the June and Midyear 2019 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. "We have seen slight dips in Austin's home sales before, but because this decrease is over the course of six months, it could be indicative of a larger trend," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. "Austin's limited housing inventory—which dropped below two months in June—and increasing home prices have resulted in fewer sales over time. As Austin continues to be one of…
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May 2019: Lack of Mid-Market Housing in Austin Leads Buyers to Suburbs

May 2019: Lack of Mid-Market Housing in Austin Leads Buyers to Suburbs

Austin Area, Real Estate News
Austin's median home price hits all-time high amid declining inventory AUSTIN, TX–The median price of a single-family home reached an all-time high of $407,400 in the city of Austin—setting a new record for the Austin Board of REALTORS®’s monthly housing reports. But at the same time, the May 2019 Central Texas Housing Market report shows declines in the city of Austin for both new and active listings, as well as a 3.4% drop in home sales. The same wasn’t true, however, for the surrounding areas, which all experienced strong gains. "A lack of middle-market housing in the city of Austin is driving demand to the suburbs," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. "While the Central Texas housing market is healthy and thriving, Austin continues…
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SOLD: Modern, Urban Farmhouse

SOLD: Modern, Urban Farmhouse

Austin Area, Portfolio, Sold Homes, Solds
Backyard, large enough for your urban farm and more! Updates throughout make this ‘80s home feel contemporary and modern! New kitchen shines with light from a sweet and cheery casement window over the sink, perfect for your indoor herb garden. Galley style leads from garage and utility room to the dining area, cute as a picture with bay windows to bring even more light into the house. Durable wood counter and marble backsplash perfectly frame the new farmhouse sink. Stylish white cabinets and gray slate floor tile hit all the modern decor buttons. Both bathrooms have had an extreme makeover, pretty much from top to bottom! Every room has been updated with a neutral paint color. Roof was updated in November 2018. Modern, energy-efficient windows were installed in December 2018.…
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SOLD: Spacious Colonial on Corner Lot in River Ridge

SOLD: Spacious Colonial on Corner Lot in River Ridge

Austin Area, Sold Homes, Solds
https://www.tourfactory.com/2119049 NEW PRICE $349,900 First impressions are everything, and when you walk in the front door you’ll be struck by how open and bright this home is! Right away, you get the feel for having guests over for either formal or casual events, because you have both types of living & dining spaces. Multi-gen or guest opportunity with a bedroom and full bath downstairs. Astounding amount of storage and counter space will keep you in the kitchen even if you don’t like to cook! A trio of bay windows in the upstairs Owner’s suite is perfect for morning yoga and journaling, while you can end your day in the garden tub or free-standing shower. Unbelievable storage in this suite, including a secret entrance to the partially finished attic, with space…
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March 2019: Single-family homes sales fall in Austin as inventory remains critically low

March 2019: Single-family homes sales fall in Austin as inventory remains critically low

Austin Area, Real Estate News
A new land development code is crucial for addressing housing market concerns AUSTIN, TX–City of Austin home sales dipped as the median price of a single-family home rose, according to the March 2019 Central Texas Housing Market report by the Austin Board of REALTORS®. At the same time, housing inventory remained critically low, and homes continued to spend less time on the market. "Because Austin’s economy is thriving and the city continues to remain one of the most popular living destinations in the country, the housing market remains extremely tight," Kevin P. Scanlan, 2019 president of the Austin Board of REALTORS®, said. “In March, new listings, active listings and pending sales all declined, but the median price increased. We need a solution to the ongoing affordability and inventory crisis, which is why…
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FOR SALE: Country Living, Close to Town

FOR SALE: Country Living, Close to Town

Austin Area, Listings
In true 80s fashion, this ranch style home has vaulted ceilings, large living spaces, and all 4 bedrooms down a single hallway. The custom build details are evident in native stone around the fireplace/front elevation and huge picture window in the dining room, overlooking part of a 0.78 acre pastoral landscape. Enjoy sunrise at the dining room table, where you can see your peach, pear, pecan, or fig trees, and glimpse cattle grazing in an adjacent field. A vaulted ceiling in the living room is dotted with speakers for your pre-wired listening pleasure! There’s no rule against enjoying the coziness of a fireplace all-year-round, and when it’s cold out, keep the built-in firewood storage stocked for easy access. Work-from-home was fashion-forward in 80s, but there is office space for today’s…
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February 2019: Statistics Point to an Early Spring

Austin Area, Portfolio, Real Estate News
AUSTIN, TX– Central Texas REALTORS® sold more homes than any February on record last month, indicating the spring selling season may have started early this year. According to the Austin Board of REALTORS® February 2019 Central Texas Housing Market report, sales increased by 6 percent from February 2018 to February 2019 to 2,101 sales. This increase was matched with both a rise in active listings and housing inventory, signs that the Austin Metro housing market this year continues to move toward greater balance. "We've been hearing from our members that buying and selling activity has really picked up over the past month," Kevin P. Scanlan, president of Austin Board of REALTORS®, said. "We're seeing a lot of development in North Austin, as major tech employers are looking for space with ample room…
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