Buying a Home in Austin?

November 27, 2012 by · Leave a Comment 

Here are 10 things every home buyer should know before making an offer on a home. By doing a little homework in advance, buyers can get an edge in the negotiation and avoid making a costly buying mistake.

10 Things Every Buyer Should Know

Buying a home is an exciting time. If you’re going to buy a home in the coming months, do a little research before making an offer and you won’t be tempted to think with your heart instead of your head.

Posted by Laura Duggan, Broker/Owner, West Austin Properties, Austin, Texas  512-750-2425, laura@westaustin.com

Strongest Summer the Austin market has seen since 2007

October 1, 2012 by · Leave a Comment 

Total home sales for the first 8 months of 2012 exceeded the number of homes sold during the first eight months of the previous three years. Monthly home sales in August increased 20%, the fifth month of year to year increases. In terms of total sales volume, this has been the strongest August the Austin market has seen since 2007.

To view the 13-page September Market Report, click here.

Market has peaked for the year, still mostly a Seller’s Market

August 15, 2012 by · Leave a Comment 

Austin is projected to add 600,000 people by 2020 and an additional 800,000 people by 2030.

In 18 years metro Austin will reach 3 million people!

This continuous population growth at the time of a major US recession combined with less

than normal new construction has made Austin a “Sellers Market” for homes below $600,000.

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.

Good and well priced homes in this seller’s market usually receive an offer in a few days.

That is Austin, now. However as we enter the Fall months and relying on 8 years of history to

predict, expect demand to decline and home values again to stabilize.

To view the 13 page August Market Report click here.

 

Market reaching peak, starting to slow, still mostly a Seller’s Market

July 14, 2012 by · Leave a Comment 

A Seller’s Market is defined as one with high buyer demand that results in slowly rising prices.Good and well priced homes in this seller’s market usually receive an offer in a few days. That is Austin, now.

Currently, demand is high and inventory is low across ALL Zip Codes and Areas!

The average and medium prices of sold homes is rising due to the higher overall demand. From one year ago, the median price
of a home is up 7.5% These averages are increasing while sales of the highest end homes, over $1M, are stagnant.

To view the entire report by Price Band, Area and Zip Code   Click here

 

June Market Report – High Demand and Low Inventory

June 14, 2012 by · Leave a Comment 

·        28% more homes sold last month than the previous month.
However the number of homes for sale has only increased 3%.  More
buyers and fewer homes is why the average days on market for
homes sold is only 59 days.  This is 6% fewer days than last month
and 35% less days than one year ago.
·        Homes Pending, under contract but not yet closed, are at their
highest levels in the last 7 years, and since we only started recording
pending data in 2006, it might be the highest ever!
·        The average and medium prices of sold homes is rising due to
the higher overall demand.  These averages are increasing while
sales of the highest end homes, over $1M, are stagnant.

To view the entire report by Price Band, Area and Zip Code, CLICK HERE

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