Austin Counties - Our 5 Year Market Report Card | Living In Austin Texas

Описание: We’re doing something different today and focusing on County Information for Austin’s 3 counties: Williamson County, Hays County and Travis County.

Briefly, Real Estate is a lagging economic indicator that looks backwards and forwards to understand the market.

2023 is off to a big start with the last 3 weeks steadily showing housing inventory 8100-8600 homes for sale as follows:

47%+ of homes for sale in Austin are less than $500,000.
26%+ of homes for sale in Austin fall between $750,000 and $1,000,000,
9%+ of homes for sale in Austin fall between $1,000,000 and $2,000,000.
2%+ of homes for sale in Austin fall between $2,000,000 and $3,000,000.
13%+ of homes for sale in Austin are over $1,000,000.

Even though real estate prices may be down overall, our market is still thriving as witnessed by the activity of home sales which we’ll post in our weekly data chart below.

For Homebuyers that didn't buy and 2020, 2021, 2022 it's a good thing to see things stay stable and stay level, right.

Real Estate Report Card: Hays County, Williamson County, Travis County

Which of the 3 Counties Do We Estimate Will Have an Uptick?

If you are not from Austin, Texas, here's a couple of things you need to know.

We are a combination of three different counties.

Why Buy in Travis County?
Why Buy in Williamson County?
Why Buy in Hays County?

New Home Construction
It is mind blowing how many people are walking in and looking at what the opportunity is to build homes right now from scratch and it's incredible how they are trying to keep up with demand.

Media propaganda with headline reports are not signaling that the worst of inflation is in our rear view. The lower interest rates are going to come back bringing more Buyers

A lot of Buyers it is their dream to build from the ground up. And it's a big undertaking.

I love that I love the dream.

There is so much value right now in starting with a homebuilder and either buying something that they're currently building, where you still make it to pick out your finishes, or starting from scratch, finding the lot that works best for you and what your needs are, and then determining what the plan is that that builder can build on that lot.

While we call it “semi custom” what you can choose in your home varies depending on when you meet with a Builder for purchasing ie picking your lot and choosing your plan and home elevation to purchasing a “Builder spec home” that they’ve already started,

Perry Homes, Scott Felder, Highland Homes, Sitterle, Drees - those are our top higher end production Builders in most of the in most of these master planned communities that I make it my business to know!

I'm talking with them consistently. I know happening for inventory and they're doing their best to keep up with these client demands for bigger homes and for build times.

Did you know that there is still lag time from the pandemic? Things being stuck in an ocean not not always arriving as quickly as they once did. And so we're seeing build times vary depending on the size of your house, it could be for anywhere from 8- 16 months, depending on again, all of the things that are happening from the time you read your contract.

There's a lot of leadership on my part as you move through the process and the different phases of home building.

Pro Tip: You cannot walk into a new home builder and ask them for last year’s prices. It doesn't work.

Home Purchasing Affordability

Buyer sentiment has definitely leveled off in terms of understanding affordability right now. And if we're staying in these ranges, which are a lot back to the norms now is a great time to get pre–qualified and truly dive into monthly affordability and lifestyle considerations. The minute you have all your numbers and you’re pre-qualified you can purchase a house. But if you’re not pre-qualified and see a house you love, someone else (who is pre-qualified) may be buying it first.




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Jennifer S. Goodman | REALTOR® | GRI | License: 662798
Powered by eXp Realty, LLC 9600 Great Hills Trail, Ste 150, Austin TX 78759

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Mark Karetskiy | Loan Officer | Team Lead
NMLS 1254891
Office (469) 202-4195
2011 Lakeside Pkwy
Flower Mound, TX 75028
www.loanofficermark.com