Austin Real Estate News

23 August

Eanes ISD 2013-2014 School District Information and Accountability Ratings

Posted by Tom Bates

 

Eanes-ISD-2013-2014-school-district-information-and-accountability-ratings

Eanes ISD 2013-2014 School District Information and Accountability

Here is a link to Gracy Title’s Eanes ISD summary for Eanes ISD 2013-2014 School District Information & Eanes Accountability Ratings

And here is a link to Eanes ISD 2014-2015 School Year Calendar

Eanes ISD of course is still the top overall school district in the Austin area.  I am looking forward to The Chaps winning some Friday night football this year…Go Chaps!  Here is a link to the Westlake Chaps football website where you can see the football schedule and buy tickets.

Regarding Eanes ISD real estate, inventory is still at an all time low for Eanes, Westlake and Rollingwood with inventory well under 1 month supply in many (most) Eanes neighborhoods.  I have been pretty active in Westlake real estate this year with deals and we are still seeing the good homes get well over bid.  The not so good homes (the wonky ones that come in over mid comp ranges, ie overpriced) are still not moving, so even though the Eanes ISD real estate market is iron red hot, you still have to price right to sell.  For instance, I am noticing that a lot of the Westlake homes that really should be priced at lot value are trying to get lot value plus home value, but the market just isn’t quite that crazy yet and I don’t think it will get to that (silicon valley) level.

There is definitely a pattern in Eanes real estate, the sellers who are pricing their homes in a comp supportive PPSF and not getting too greedy tend to get multiple offers that will push up their contract prices to a nice level, and the greedy Eanes sellers who are clearly trying to take advantage of the low inventory and pricing sky high are often left wondering where all the buyers are and having to drop prices after the first couple of weeks.  But that’s just what I have noticed.  Oh, and there are some cool modern homes out there for sale, not on MLS, so give me a call and we can discuss.  Tom 512-413-0870

 
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23 January

Austin Real Estate News: Summary Link

Posted by Tom Bates

 

Here is a good way to keep up with Austin real estate news from the Austin Statesman and Austin Biz Journals…this URL will update Austin real estate articles from both websites.  Enjoy!

Austin real estate news

 
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21 December

Austin #5 on Trulia’s 2013 Healthiest Housing Markets

Posted by Tom Bates

 

Been seeing a lot of national news about Austin’s real estate market being hot/healthy/etc compared to other US cities, here’s a link to a Trulia Pro Real Estate Blog – Austin article.   Honestly, Austin does not have a lot of competition on this list, I mean I could see living in Seattle, but the others:
San Francisco? > hello ridiculous amounts of state taxes
Nebraska? > do what?
Ft. Worth, Houston, San Antonio? > no way, no way, no way
Trulia map top 10 healthiest real estate markets - austin

 
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21 December

Austin Real Estate Market Up 23% in November: Statesman

Posted by Tom Bates

 

Austin real estate market jumped 23% in November over last November writes The Statesman.  This article mirrors what we are seeing in our own office: buyers who see something they like need to be prepared, act quick and be realistic with offers.  Many sellers are erring on the higher side of the appraisal range and getting their number…especially in closer in urban neighborhoods.  Still, there are some good deals out there if you have some vision.  Good luck buying and selling!

 
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17 October

Austin Real Estate on the Rise

Posted by Tom Bates

 

Austin real estate continues to sizzle.  Here is a good article from Shonda Novak at the Austin Statesman:
http://www.statesman.com/news/business/real-estate/austin-home-sales-sizzle-in-august-expected-to-sta/nSLYR/

Austin real estate by the numbers:

Austin real estate by the numbers:
2,397: Number of single-family homes sold in the Austin area in August
$212,000: Median home price, up 6 percent over August 2011
21 percent: Increase in home sales compared with last year’s figure
2,207: Number of home sales pending closure

Austin Real Estate News: Austin Homebuilder confidence reaches 6-year high

http://www.bizjournals.com/austin/news/2012/10/16/homebuilder-confidence-reaches-6-year.htmlAustin Business Journal by Jeff Clabaugh, Broadcast/Web Reporter Date: Tuesday, October 16, 2012, 12:13pm CDT

The National Association of Home Builders said its builder confidence index rose for the sixth consecutive month in October, gaining one point to 41.

Confidence among the nation’s homebuilders rose to its highest level since June 2006.

The National Association of Home Builders said its builder confidence index rose for the sixth consecutive month in October, gaining one point to 41.

Even so, any reading below 50 indicates more builders still view sales conditions as poor rather than good.

“Many builders are reporting increases in the number of serious buyers visiting their sales offices, and the overall confidence measure is much higher than it was at this time last year,” said the association’s chairman, Barry Rutenberg. “The concern is that, even though demand for new homes is rising, overly tight credit conditions are still constraining new building and new purchases.”

The biggest increase in the NAHB’s monthly survey of its members came in measuring traffic of prospective buyers, rising 5 points to its highest level since April of 2006.

An Austin-based homebuilding organization and advertising agency GSD&M are collaborating on a multimillion-dollar national consumer campaign to convince homebuyers across the country to buy new rather than buying a resale home.

 
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18 April

What the heck is going on at Agave Austin?

Posted by Tom Bates

 

The last year has not been a good year for east Austin’s modern home community Agave 969.  Everyone I talk to about Agave is scratching their heads about what’s going on at Agave.  The rumor I heard is that the bank is taking back ALL the remaining Agave lots…the auction could be in May but of course no way to know for certain.  Hopefully a design-minded builder will pick up the lots and continue the modern home theme.  My guess is that the Agave re-sales will remain strong over the coming few years, just because it’s so unique and there is a strong appetite for modern design in Austin under $400k.

 
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