Six Straight Years of Record Sales & Prices - But...
These numbers are astounding. It makes me wonder - what will be considered "normal" now....
http://www.mystatesman.com/business/austin-area-2016-home-sales-median-prices-set-records/TMtVTHuKQDSDQHaOX9zLmL/
The Only Cold Thing in Austin is the Weather
Temperatures are dipped below freezing, and Austin's housing is still hot. Just shot this rental just around the corner from the Crestivew's Metro Rail stop.
Basically, nothing has changed
I don't know about you, but I'm surprised. Yes, Austin is amazing. But the market has been hot for how long now? Basically, the only thing slowing down here is the traffic.
According to ABOR: In February, single-family home sales increased by 2.9 percent from the year prior, with a total of 1,783 properties sold. Median single-family home prices increased 8 percent year-over-year, reaching $269,900. Additionally, the average price for single-family homes in Austin rose to $333,011, 7.6 percent more than February 2015.
http://austin.culturemap.com/news/real-estate/03-22-16-monthly-real-estate-report-abor-february-2016-home-sales-transportation-concerns/
Expensive Austin
We certainly hear about it enough, so on some level we know Austin is expensive.
Maybe I've just gotten used to hearing the prices of homes after shooting them. Still, this headline stopped me in my tracks...
Austin is one of the 10 richest cities in America.
So says USA Today.
San Francisco tops the list. Not a huge surprise. $125,000 to live comfortably. In Manhattan, almost $170,000. LA, $102,000. That must be if you're not interested in surfing. And really, if you're living in LA but not close to the beach - I fail to see the point.
Austin comes in at #10.
http://www.usatoday.com/story/money/personalfinance/2015/01/25/cheat-sheet-10-richest-cities/21394881/
Austin & Homes Sales Are Heating Up
I actually have nothing beyond anecdotal evidence that it is happening today. But I'm pretty certain it is. As a former journalist, I feel bad writing that headline. Only kind of, considering what I've seen in that business. But I digress.
I loved shooting this condo that comes on the market soon. It's being sold by the agent who sold me my first home in Austin. When we were there I laughed about how it was odd for us to be back here. She looked at me funny. Then I realized I made her take me to SO many houses when I was buying my first home, she entirely forgot about this one! Good times.
The people who live here have great taste. I appreciate how the place was in absolute perfect condition when I arrived.
(CLICK on photo to see Virtual Tour)
