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
Looking for country living while staying close to city amenities? Look no further! Meticulously maintained custom built home sits on 0.78 acre in a desirable neighborhood just outside Georgetown city limits. No neighbors in back, and the lowest property tax rate around! Kitchen has been updated with granite counters and bar seating. Enjoy the large dining room windows that overlook a lush green pasture. Four bedrooms plus a separate office/study. Spacious Owner’s suite features built-ins and a dual vanity. Charming stone fireplace with built-in firewood storage makes this a cozy living room. Spacious enough for hosting and entertaining, the room is wired for sound. The fenced backyard will be your favorite place in the mornings, watching the sun rise from a wood deck. You’ll also enjoy evenings around the fire…
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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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FOR SALE: Spacious Colonial on Corner Lot in River Ridge

FOR SALE: Spacious Colonial on Corner Lot in River Ridge

Austin Area, Listings
https://www.tourfactory.com/2119049 109 River Down Road is a stately, Colonial-style home on an over-sized corner lot. The wrap-around porch is shaded by mature trees, providing an idyllic setting for lazy afternoons. Enter the home into an open formal foyer, boasting ceilings that stretch all the way to the top of the second floor. The foyer is open to both the formal living & formal dining spaces. It's a true Mother-in-Law plan with a bedroom and adjacent full bathroom to the right of the foyer. The huge kitchen features granite counters, larger than standard-sized island, and storage galore. Anchoring the back of the house, it's a homeowner's dream that opens to a sunny breakfast space and family room. Elegant stairs wrap around the corner to take you up to the Owner's suite…
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SOLD: MCM in the Heart of Old Town

SOLD: MCM in the Heart of Old Town

Austin Area, Solds
When people mention LOCATION, this one has got it! Only four blocks from the Most Beautiful Town Square in Texas, this mid-century ranch style home is in the middle of it all. Walk to dinner & drinks, shopping, and the popular festivals that keep the downtown area hopping all year round. Nestled into a shady yard, there's plenty of outdoor space for entertaining or adding square footage to the house. Old, native pecan trees overshadow the young apple, grapefruit, and fig trees. The house has some updates, and yet there is potential for further updating and personalization to your specific taste. 3 Bedrooms1 Bathroom1,044 square feet$250,000
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December 2018: Record-breaking sales & housing affordability

December 2018: Record-breaking sales & housing affordability

Austin Area, Real Estate News
Record-breaking sales in the Central Texas market underscore the need for greater housing affordability AUSTIN, TX– Rising property values and increased demand led to an all-time high in sales dollar volume in 2018 as shrinking affordability spread across Central Texas, according to year-end data in the latest Austin Board of REALTORS® (ABoR) report. Central Texas REALTORS® sold 30,713 homes in 2018, generating $11.9 billion in sales dollar volume, the December and Year-End 2018 Central Texas Housing Market Report found. “2018 was the highest-grossing year on record, and for the first time ever, the median price for single-family homes in the Austin-Round Rock MSA (metropolitan statistical area) stayed above $300,000 for 10 consecutive months,” Kevin P. Scanlan, the 2019 Austin Board of REALTORS®president, said. “While much of the region is benefitting from these higher numbers,…
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Record-Breaking Sales Continue

Record-Breaking Sales Continue

Austin Area, Real Estate News
Austin-area housing market on track for record-breaking sales AUSTIN, TX–As single-family home sales continue to rise, another record-breaking year is expected for the Austin-area housing market, according to the latest monthly report from the Austin Board of REALTORS®. The November 2018 Central Texas Housing Market Report released today suggests another strong showing for the region. "Sales are up 3.3 percent year-to-date for 2018,” Steve Crorey, president of the Austin Board of REALTORS®, said. “Pending sales volume in December, the Central Texas housing market is on track to have one of the highest-grossing years on record." Austin-Round Rock MSA In the Austin-Round Rock Metropolitan Statistical Area (MSA), sales volume slightly increased 0.7 percent year over year from 2,185 sales in November 2017 to 2,201 sales last month. Sales dollar volume increased 5.6 percent year…
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October 2018 “If Priced Correctly, It’s Going to Sell”

October 2018 “If Priced Correctly, It’s Going to Sell”

Austin Area, Real Estate News
Home Sales Start Strong in Fourth Quarter Early demand for single-family homes in the fourth quarter led to a record-breaking month of home sales for Central Texas, according to the October 2018 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Single-family home sales in the Austin-Round Rock MSA were the highest on record for any October, generating more than $900 million in sales dollar volume—another record for October. “Over the past several years, Austin's housing stock and home sales have become opposing forces that are widening our housing gap,” Steve Crorey, president of the Austin Board of REALTORS®, said. “We saw slight inventory increases across the market, particularly in the suburbs, but they’re not enough to offset ongoing demand.” Crorey added, “With the strong passage of the…
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September 2018 Home Sales show signs of a slower market

September 2018 Home Sales show signs of a slower market

Austin Area, Real Estate News
Home Sales Growth Stalls in September, Remains Strong Year-to-Date AUSTIN, TX – Single-family home sales growth across the Austin-Round Rock Metropolitan Statistical Area (MSA) was flat last month but did not impact strong year-to-date home sales numbers, according to data released today by the Austin Board of REALTORS® in its September 2018 Central Texas Housing Market Report. “Austin-area housing market activity has bucked the trend of a cool-weather slowdown over the last several years, maintaining much of the momentum from the summer months through the end of the year,” Steve Crorey, 2018 president of the Austin Board of REALTORS®, said. “Home sales growth declined five percent last September, so it’s good to see that the area housing market held steady in September 2018. Austin continues to be one of the fastest-growing markets…
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SOLD: Charming Oasis in West Georgetown

SOLD: Charming Oasis in West Georgetown

Austin Area, Solds
  You'll forget that you are in town when you are enjoying this oasis-like yard! Single-story home in a popular west Georgetown neighborhood has curb appeal and lovely patio with pergola in the back. Eat-in Kitchen with a great layout that looks into a large living area, and includes an island with tall bar seating. All 3 bedrooms are separate from each other, with the large master suite with double vanity and garden tub in the back. 3 Bedrooms 2 Baths Open Floor Plan Great Yard! Sprinkler System Top Rated Schools
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