The Austin area real estate market is hot. We all know this. Some areas have been leading the way lately. Others have been hot for a long time and appear to be cooling off - though that has more to do with a shortage of homes to sell than anything else.
Kind of like the way a fast car accelerates less as it approaches top speed. It's hardly slowing down!
One area that seems to be in the heart of it's horsepower curve, so to speak, is area 1A.
20 homes sold in Feb 2013 - 34 sold in Feb 2014. Average price up almost 42%!
Note that this doesn't mean your home did exactly the same. We don't sell the same homes every February. There is always a variance due to who decided to move in any specific month.
Still it seems safe to say that the area is in a peak time when there are still plenty of people willing to both buy and sell.
Soon we may find a greater shortage of homes to sell and fewer sales. But the unmet demand will likely push prices even higher.
Want to know more about the value of your home? Or the trends in the area you'd prefer to call home? Just give me a call or email.
Thanks to Gracy Title for assembling these statistics.
While it is great to have a big picture overview of the market as a whole, it can be more important to understand the market where you live. Or want to live.
If you are thinking about a real estate decision - Buying, Selling, Refinancing, Remodeling, even wondering what value to insure your home..
Please give me a call or email so I can help you.
Have a great month!
David Weekley Homes is just about out of available homesites in Westside Preserve and I am happy to be helping a family get on of the best lots left.
We have gone back and forth with a few different house plans. We have modified, re-modified, and un-modified the layouts. We have talked a lot about what features are most important.
In the end, I think they have made a very good decision about which home to build. And I am happy to have been part of working through that decision.
Most people only build a new home once or twice in a lifetime. I have the experience of going along for the ride and offering advice multiple times every year for over two decades. I have paid attention and have a lot to offer - in case you know someone thinking of building a new home.
Best of all, my fee is paid by the builder. And there is nothing to gain by visiting the builder's model without a Realtor. We are paid out of the marketing budget.
Who do you know who has been dropping into builder's model homes lately? They may need me on their side to make a good decision about real estate™.
Thanks for telling people you care about about me!
Real estate artist