November 2014 Austin Area Market Statistics

The latest housing stats for our area remain consistent with year to date totals, with both sales and median prices up over the same period a year ago. A key statistic if you are planning to sell your home is that there is a 2.4 month supply of inventory. In other words, we have been below the “balanced” market figure of 6.5 months for 3 consecutive years. If you are looking to sell your home and buy a new one, or invest in additional real estate, contact me to discuss your 2015 goals. Thank you once again for your business and your referrals!

Bryan Faircloth www.BryanSellsAustin.com
Keller Williams Realty
bryfair@kw.com
(512) 468-9791

http://www.trec.state.tx.us/pdf/contracts/op-k.pdf

Texas Law requires all real estate licensees to give the above information about brokerage services.

Your referrals are appreciated!

Austin-area home sales, median price break records for third straight month in November

Austin Board of REALTORS® releases real estate statistics for November 2014

AUSTIN, Texas – December 19, 2014 – The Austin-area continued to break records in home sales and median price for single-family homes last month, according to the November 2014 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR). In November, home sales and median price were the highest ever recorded in the month of November for the Austin area. During the month, single-family home sales increased six percent over the prior year to 1,934 homes sold and the median price for Austin-area homes was $245,000, an 11 percent increase from November 2013.

Additionally, Austin-area housing inventory was 2.4 months in November 2014, a small increase of 0.1 months compared to the prior year. Housing inventory remains consistently tight despite an increase in new listings of five percent over the prior year and an increase in active listings of nine percent compared to November 2013. Housing inventory in Austin has remained below 6.5 months of inventory for more than three years, which is the inventory figure cited by the Real Estate Center at Texas A&M University as a market in which supply is balanced with demand. In November 2014, homes spent an average of 54 days on the market, three days longer than the same month of the prior year.

Bill Evans, 2014 President of the Austin Board of REALTORS¬®, explained, “As the new year approaches, demand for Austin-area homes remains strong. Fortunately, listings are up year-over-year to meet some of that need, but demand continues to outpace supply, placing a continued strain on housing inventory and pushing up home values. That’s great news for Austin homeowners looking to sell, but as we’ve discussed all year, it continues to present challenges for affordability in our market. With the newly elected Austin Mayor and City Council, ABoR looks forward to continuing to advocate for the interests of all homeowners, ensuring our market can meet the needs of our residents and Austinites can continue to afford property in this great city.”

November 2014 Statistics •1,934 – Single-family homes sold, six percent more than November 2013.

•$245,000 – Median price for single-family homes, 11 percent more than November 2013.

•$311,222 – Average price for single-family homes, six percent more than November 2013.

•54 – Average number of days single-family homes spent on the market, three days longer than November 2013.

•2,067 – New single-family home listings on the market, five percent more than November 2013.

•5,561 – Active single-family home listings on the market, nine percent more than November 2013.

•1,893 – Pending sales for single-family homes, eight percent more than November 2013.

•2.4 – Months of inventory* of single-family homes, 0.1 months more than November 2013.

•$601,903,348 – Total dollar volume of single-family properties sold, 12 percent more than November 2013.
The following sections describe trends in other sectors of the Austin-area real estate market.

Townhouses & Condominiums

The volume of townhouses and condominiums (condos) purchased in the Austin area in November 2014 was 162, which is 24 percent less than November 2013. In the same time period, the median price for condos was $221,000, which is 13 percent more than the same month last year. These properties spent an average of 49 days on the market, five days less than November 2013.

Leasing

In November 2014, a total of 1,175 properties were leased in Austin, which is six percent more than November 2013. The median price for Austin-area leases was $1,420, which is two percent more than the same month last year.

The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 10,000 members, promotes private property rights and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market.

* The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

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Austin Area Housing Statistics – October 2014

Good morning,

October’s statistics show healthy gains from the prior year with our market. Probably the most key stat is that there is a 2.7 month supply of active listings as of October 31.

Contact me if you are looking to buy a home, sell your home, or invest in additional real estate. Thank you for your business and referrals.

Bryan Faircloth www.BryanSellsAustin.com
Keller Williams Realty
bryfair@kw.com
(512) 468-9791

Austin-area home sales, prices set record for month of October

 

Austin Board of REALTORS® releases real estate statistics for October 2014

AUSTIN, Texas – November 20, 2014 – According to the October 2014 Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales soared 16 percent year-over year to 2,403 single-family home sales, the largest year-over-year increase in home sales to date this year and an all-time high for the month of October. Single-family home prices for the Austin area also set a record for the month of October.

Bill Evans, 2014 President of the Austin Board of REALTORS¬®, explained, “It’s always exciting to see a record-breaking month in real estate, but let’s remember that high demand often leads to high prices. For example, this month’s results show that it costs a typical homeowner $23,000 more to buy a home than one year ago. For some Austinites, that kind of price increase could mean looking at homes smaller in size, further outside the Austin area, or not being able to afford to buy a home at all. This just underscores the importance of housing affordability as a key issue going into 2015.”

Austin-area home prices for single-family homes returned to double-digit increases in October 2014. Both median and average price increased 11 percent year-over-year to $240,000 and $311,028, respectively – the highest figures ever recorded for the month of October.

In October 2014, active listings increased 11 percent year-over-year to 6,170 listings and new listings jumped 11 percent during the same time frame to 2,850 listings. Continued gains in single-family home listings over the last few months are having a positive effect on pending sales, which jumped nine percent year-over-year in October 2014 to 2,255 pending single-family home sales. Monthly housing inventory in the Austin area also continued to benefit from more listings entering the market, increasing 0.2 months year-over-year to 2.7 months in October 2014. This is still well below the Real Estate Center at Texas A&M University’s balanced housing inventory level of 6.5 months.

Evans added, “This additional housing inventory is encouraging, but we’ve got a long way to go before homeownership options and availability meet demand in our city. To get us there, we need a regulatory environment that supports all types of affordable housing options.”

While Austin-area homes continue to sell quickly, the average number of days single-family homes spent on the market increased year-over-year for the first time since August 2011. Homes spent an additional two days on the market in October 2014 compared to October 2013, or an average of 50 days.

Evans concluded, “Many of Austin’s City Council positions, including mayor, are yet to be decided. This is Austin’s last opportunity to choose a City Council that will ensure that Austinites can afford to buy a home in the neighborhoods where they live. ABoR urges Austinites to vote early December 1 through 12 or on Dec. 16 for City Council candidates who will prioritize housing development and affordability issues in 2015.”

October 2014 Statistics •2,403 – Single-family homes sold, 16 percent more than October 2013.

•$240,000 – Median price for single-family homes, 11 percent more than October 2013.

•$311,028 – Average price for single-family homes, 11 percent more than October 2013.

•50 – Average number of days single-family homes spent on the market, two days longer than October 2013.

•2,850 – New single-family home listings on the market, 11 percent more than October 2013.

•6,170 – Active single-family home listings on the market, 11 percent more than October 2013.

•2,255 – Pending sales for single-family homes, nine percent more than October 2013.

•2.7 – Months of inventory* of single-family homes, 0.2 months more than October 2013.

•$747,400,284 – Total dollar volume of single-family properties sold, 29 percent more than October 2013.

The following sections describe trends in other sectors of the Austin-area real estate market.

Townhouses & Condominiums
The volume of townhouses and condominiums (condos) purchased in the Austin area in October 2014 was 272, which is three percent less than October 2013. In the same time period, the median price for condos was $225,000, which is eight percent more than the same month last year. These properties spent an average of 47 days on the market, which is unchanged from October 2013.

Leasing
In October 2014, a total of 1,416 properties were leased in Austin, which is 17 percent more than October 2013. The median price for Austin-area leases was $1,450, which is five percent more than the same month last year.

The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 10,000 members, promotes private property rights and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market.

* The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

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To buy or not to buy? Trulia says yes in Austin and most places in the country

Hello friends and clients,
Per Trulia and the Austin Business Journal, here is some rent v. buy analyses on our local level. Contact me if you are looking to buy a home, sell your home, or invest in additional real estate.

Bryan Faircloth
Keller Williams Realty
bryfair@kw.com
www.BryanSellsAustin.com

To buy or not to buy? Trulia says yes in Austin and most places in the country

Jan Buchholz Staff Writer- Austin Business Journal

In Austin — even with the dynamic appreciation in home values that has continued for the past two years — it’s 30 percent cheaper to own than rent. That’s the assessment of Trulia, the national real estate Web portal and research company.

In fact in every major U.S. market it’s still cheaper to buy a house than rent over the long term — an average of 38 percent cheaper.

Here’s a link to Trulia’s latest “Rent vs. Buy” report. That statistic, however, assumes a 20 percent down payment on a 30-year loan and a few other factors.

For many first-time homebuyers a 20 percent down payment can be an almost impossible stretch, especially given that the average home price in Austin is $308,514, according to the latest market report by the Austin Board of Realtors. Complicating the local landscape is the fact that land prices across the Austin area are fetching a premium, creating a nearly impossible scenario for homebuilders that would like to provide an inventory of starter homes but just can’t make the numbers pencil out.

The issue of first-time homebuying isn’t exclusive to Austin. It’s a problem everywhere and there may be other cultural factors at play, as Jed Kolko, Trulia’s chief economist points out.

“For a millennial with little savings and no Bank of Mom and Dad, an FHA loan might be the only option. If our hypothetical twentysomething is not in a tax bracket that makes itemizing worthwhile and only stays put five years — those young people are restless — buying ends up costing more than renting in 27 of the largest metros,” Kolko said. “Those 27 include not only pricey coastal markets but also markets like Phoenix, Las Vegas and Colorado Springs.”

And presumably Austin, where the robust young population might not want to leave the city ever but also might not want to stay put very long in the same neighborhood.

The gap between renting and owning is more pronounced in other Texas markets. In Houston it’s 43 percent cheaper to buy, and almost the same in Dallas at 42 percent. In San Antonio the gap is 38 percent.

Consider this: In Detroit the gap is the widest and most striking. It’s 63 percent cheaper to own there than to rent. The gap is smallest in Honolulu at just 17 percent.

By regions, the gap is largest in the Midwest and South, and much smaller in large metro areas in New York and California.

Another interesting statistic from Trulia’s report is that the tipping point for whether to buy or rent in Austin would be if mortgage interest rates hit 8.9 percent — not a likely scenario at the moment, though most real estate experts around the country expect interest rates to rise in 2015 from historical lows.

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Austin Area Housing Statistics – August 2014

 

Austin Board of REALTORS® releases real estate statistics for August 2014

AUSTIN, Texas – September 18, 2014 – Austin-area home sales declined for the second consecutive month in August 2014 as rising home prices and housing affordability issues continue to affect the Austin-area housing market. According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales decreased four percent year-over-year to 2,835 single-family home sales in August 2014.

Bill Evans, 2014 President of the Austin Board of REALTORS¬®, explained, “A majority of Austin-area homes are now priced out of an affordable range for first-time and first-time move up homebuyers, where a significant portion of home sales volume occurs. We need a regulatory environment that supports the development of affordable housing stock for the future stability of our Austin housing market. As we prepare for the new districted Austin City Council this November, ABoR encourages voters to seek leaders that will address our housing and development challenges. The Austin Land Development Code basically needs to be overhauled.”

According to the report, median price for single-family homes jumped 11 percent year-over-year to $247,500 and average price rose nine percent year-over-year to $311,414. Single-family homes continued to sell quickly as they spent an average 42 days on the market, one day fewer than August 2013.

Monthly housing inventory continued to increase in August 2014, rising 0.2 months from the year prior to 3.0 months. While still well below the Real Estate Center at Texas A&M University’s balanced housing inventory level of 6.5 months, Austin-area housing inventory levels could continue to rise as much-needed listings enter the market.

In August 2014, active listings jumped 10 percent year-over-year to 6,707 listings and new listings rose four percent during the same time frame to 3,310. In addition, pending sales increased one percent to 2,430 single-family home sales.

Evans concluded, “An increase in new and active listings is giving the market some much needed breathing room, but Austin’s housing inventory is still very low and has few affordable options. The new Land Development Code will be a crucial catalyst to sustainable market growth in 2015 and years to come, but it must be heavily revised in order to create housing options throughout the city that are affordable for all of Austin’s homebuyers.”

August 2014 Statistics

    • 2,835 – Single-family homes sold, four percent less than August 2013.
    • $247,500 – Median price for single-family homes, 11 percent more than August 2013.
    • $311,414 – Average price for single-family homes, nine percent more than August 2013.
    • 42 – Average number of days single-family homes spent on the market, one day fewer than August 2013.
    • 3,310 – New single-family home listings on the market, four percent more than August 2013.
    • 6,707 – Active single-family home listings on the market, 10 percent more than August 2013.
    • 2,430 – Pending sales for single-family homes, one percent more than August 2013.
    • 3.0 – Months of inventory* of single-family homes, 0.2 months more than August 2013.
  • $882,858,690 – Total dollar volume of single-family properties sold, four percent more than August 2013.

The following sections describe trends in other sectors of the Austin-area real estate market.

Townhouses & Condominiums

The volume of townhouses and condominiums (condos) purchased in the Austin area in August 2014 was 308, which is 13 percent less than August 2013. In the same time period, the median price for condos was $212,000, which is nine percent more than the same month of the prior year. These properties spent an average of 34 days on the market, six days fewer than August 2013.

Leasing

In August 2014, a total of 2,109 properties were leased in Austin, which is three percent more than August 2013. The median price for Austin-area leases was $1,500, which is seven percent more than the same month last year.

The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 10,000 members, promotes private property rights and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market

 

* The inventory of homes for a market is measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

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5 Reasons to Buy a Home in the Next 5 Months

From Yahoo! Homes-informative article. Contact me if you are planning to buy a home, sell your home, or invest in real estate!

Bryan Faircloth
bryfair@kw.com

A combination of market factors may make you think you’re getting priced out of the home market. But one observer believes first-time homebuyers might want to consider making a move.

“I know it’s hard to face rising interest rates and rising home prices at the same time,” says Ilyce Glink, real estate expert and managing editor of the Equifax finance blog. “The good news is there’s still plenty of runway if you want to buy a house this year.”

Glink believes first-time homebuyers should consider these five good reasons to buy a house before the end of the year:

Home prices are still off their highs

Yes, home prices are rising from the lows seen during the housing crash of 2008, but they’re still nearly 20% off their mid-2006 peak. According to the S&P/Case-Shiller Home Price Index, average U.S. home prices are currently at summer 2004 levels. In markets that are still recovering, first-time homebuyers could see significant appreciation over the next few years, if they buy now.

[Ready to buy a home? Click to compare mortgage interest rates from lenders now.]

Interest rates are expected to keep rising

Interest rates are slowly climbing, and as the Federal Reserve concludes its economic stimulus plan, rates are expected to continue to rise. Some experts believe mortgage interest rates could hit 5% by the end of 2014 or the first quarter of 2015, according to Glink. And even a small bump in interest rates can mean a significant jump in your monthly note.

“If you’re offered a 4.2% interest rate on a $400,000 mortgage, for example, your monthly payment will be $1,961, and you’ll pay more than $300,000 in interest over the loan’s 30-year term,” Glink says. “If your interest rate were 4.9%, your monthly payment would jump to $2,115, and the total interest paid over the life of the loan would exceed $360,000.”

Rental rates are rising

There is always an argument to be made regarding whether to buy or rent. It’s all a matter of your particular situation – as well as the status of your local housing market. If you need to be mobile — prepared for job transfers or out-of-state promotions — or are continuing to search for “the perfect place,” renting is probably right for you.

However, if you would like to put down some roots, and rents are high in your hometown – it might be cheaper to buy.

“Divide the list price of the home you’re interested in by the annual rental rate of a comparable property to determine the price-rent ratio,” Glink advises. “If it’s below 20, chances are it’s a good time to buy.”

Of course, buying a home means more than a mortgage. Remember to consider the other built-in expenses: maintenance, insurance, taxes and utilities.

[Shopping for a home loan? Click to compare mortgage interest rates from lenders now.]

Consider your buying power

Americans have been steadily reducing their debt load. Maybe you have, too. The lower your debt, the higher your buying power. Creditors will consider your debt-to-income ratio – how much debt you have, compared to your gross (before-tax) income.

“Experts generally agree that you can spend between 28% and 36% of your gross income in total debt service — that’s your housing expenses plus your other debt payments,” says Glink.

With lower debt comes a higher score

As you pay off student loans, credit cards and consumer debt, your credit scorewill improve. And that’s one of the biggest factors mortgage lenders consider when determining the interest rate and terms of your loan.

“You should definitely consider buying this year, because it’s unlikely the housing market will look much rosier next year, when interest rates and home prices could be even higher,” Glink says.

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June 2014 Austin Area Housing Statistics

Good morning,

Please let me know if you are in the market to buy a home, sell your home or invest in real estate. Thank you once again for your business and your referrals!

Bryan Faircloth  www.BryanSellsAustin.com
Keller Williams Realty
bryfair@kw.com

 

Austin-area home sales reach all-time high for June as listings increase;
Mid-year results show 2014 on pace to exceed record sales volume in 2013

Austin Board of REALTORS® releases real estate statistics for June 2014
AUSTIN, Texas July 21, 2014– According to the Multiple Listing Service (MLS) report released today by the Austin Board of REALTORS® (ABoR), Austin-area home sales reached an all-time high for the month of June, increasing 13 percent year-over-year to 2,997 single family home sales in June 2014. Mid-year statistics show Austin-area home sales increased three percent year-over-year to 13,426 homes sold, putting 2014 on pace to potentially exceed 2013’s all-time high in sales volume.Bill Evans, 2014 President of the Austin Board of REALTORS®, explained, “The 2014 summer selling season in Austin was expected to be strong, and June 2014’s home sales activity did not disappoint. Austin’s housing stock is rising to meet the area’s continually strong housing demand, and as a result Austin saw a sharp rise in home sales in June 2014.”The rise in housing stock has led to positive figures in both monthly housing inventory and home listings. In June 2014, the monthly housing inventory was 2.8 months, the highest level of inventory seen since August 2013. New and active listings also showed positive results in June 2014, with new listings increasing two percent year-over-year to 3,701 listings and active listings increasing six percent year-over-year to 6,246 listings.Year-to-date, the monthly housing inventory has increased by almost a full month since the beginning of the year as home sales have remained strong. This is notably different from 2013, which showed consistently lower inventory figures throughout the year. In addition, new listings increased one percent, active listings decreased two percent and pending sales decreased three percent from the first six months of 2013.

Housing development has also been a driving factor in the housing stock increase. The final Q2-2014 data from Metrostudy shows that home starts in the Austin area have increased eight percent year-over-year to 9,782 homes, as well as 6,007 vacant developed lots that have been delivered to date in 2014. In addition, the number of new homes on the market has increased by more than 500 new homes year-over-year to 4,941 homes, with new homes under construction comprising about 80 percent of that figure.

Madison Inselmann, Regional Director of Metrostudy’s Austin market, commented, “For the first half of 2014, the shortage in Austin-area housing supply prevented the market from being able to grow. Developers are making great strides in both new home development and lot delivery to catch up with the area’s strong housing demand and are set to surpass last year’s development numbers.”

Evans continued, “Despite the steady increase in home prices, demand had not been affected. Homes are selling as soon as they hit the market, and if Austin continues to see increases in housing inventory, we could see corresponding increases in home sales activity.”

In June 2014, the median price for Austin-area single-family homes increased seven percent year-over-year to $252,520, whereas average price increased eight percent to $326,998. Single-family homes spent an average of 39 days on the market, a decrease of four days compared to June 2013. This the fastest homes have ever sold in the Austin-area housing market since 2001.

Price increases are similar for the first half of 2014, with median price increasing seven percent to $239,900 and average price increasing six percent to $308,298. At the same time, homes spent an average of 47 days on the market, seven fewer days than the same time last year.

Additionally, the total dollar volume of single-family properties sold was $980,013,006 in June 2014, a year-over-year increase of 21 percent. June 2014’s total dollar volume comprised nearly one-fourth of the total dollar volume for mid-year 2014, which increased eight percent year-over-year to $4,139,209,987.

Evans concluded, “2014 could very well turn out to be another ‘best year ever’ for Austin-area home sales, but it’s important that Austin continue to replenish and expand its housing stock so these strong figures can continue. In the meantime, both homebuyers and sellers can expect the rest of the summer selling season to be highly competitive.”

June 2014 Statistics
2,997– Single-family homes sold, 13 percent more than June 2013.

$252,520– Median price for single-family homes, seven percent more than June 2013.

$326,998– Average price for single-family homes, eight percent more than June 2013

39– Average number of days single-family homes spent on the market, four days fewer than June 2013.

3,701– New single-family home listings on the market, two percent more than June 2013.

6,426– Active single-family home listings on the market, six percent more than June 2013.

2,797– Pending sales for single-family homes, one percent fewer than June 2013.

2.8– Months of inventory* of single-family homes, 0.1 months less than June 2013.

$980,013,006– Total dollar volume of single-family properties sold, 21 percent more than June 2013.

2014 Mid-Year Statistics
13,426– Single-family homes sold, three percent more than the first half of 2013.

$239,900– Median price for single-family homes, seven percent more than the first half of 2013.

$308,298– Average price for single-family homes, six percent more than the first half of 2013.

47– Average number of days single-family homes spent on the market, seven days fewer than the first half of 2013.

19,276 – New single-family home listings on the market, one percent more than the first half of 2013.

5,327– Active single-family home listings on the market, two percent fewer than the first half of 2013.

15,263– Pending sales for single-family homes, three percent fewer than the first half of 2013.

$4,139,209,987– Total dollar volume of single-family properties sold, eight percent more than the first half of 2013.

The following sections describe trends in other sectors of the Austin real estate market.
Townhouses & Condominiums

The volume of townhouses and condominiums (condos) purchased in the Austin area in June 2014 was 308, which is one percent fewer than June 2013. In the same time period, the median price for condos was $209,000, which is eight percent more than the same month of the prior year. These properties spent an average of 31 days on the market, 10 days fewer than June 2013.

For the first half of 2014, 1,641 Austin condos were sold, which is 10 percent more than this time last year, while the median price was $213,500, or 10 percent more than the first half of 2013. Condos spent an average of 44 days on the market, 13 fewer days than the first half of 2013.

Leasing

In June 2014, a total of 1,712 properties were leased in Austin, which is 14 percent more than June 2013. The median price for Austin-area leases was $1,500, which is three percent more than the same month last year. In the first half of 2014, a total of 7,967 properties were leased in Austin, which is five percent more than 2013, and the median lease price was $1,450, a four percent increase from the first half of 2013.

The Austin Board of REALTORS® (ABoR) is a non-profit, voluntary organization dedicated to educating and supporting Central Texas REALTORS®. ABoR proudly serves more than 9,000 members, promotes private property rights and provides accurate, comprehensive property listing information for the Greater Austin area. Home sales statistics are released by ABoR on a monthly basis. For more information, please contact the ABoR Marketing Department at marketing@abor.com or 512-454-7636. Visit AustinHomeSearch.com, a public resource on Austin real estate, for the latest news on the local housing market

 

 

Bryan Faircloth www.BryanSellsAustin.com
Keller Williams Realty
bryfair@kw.com

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This Month In Real Estate – July 2014

This month in real estate for July, courtesy KW. Contact me if you are looking to buy a home, sell your home or invest in Austin real estate!

https://www.youtube.com/watch?v=3w-uUJdodSg

Bryan Faircloth
bryfair@kw.com
www.BryanSellsAustin.com

Posted in For Buyers, For Sellers, Listings, Marketing Reports | Leave a comment

Looking at New Homes? Why you should involve your Realtor!

To see latest builder inventory: www.AustinAreaBuilderDeals.com
To see latest new and resale inventory:
www.BryanSellsAustin.com

As summer is beginning several of our local builders now have inventory available. It is a great time to buy in the Austin area and there are some excellent opportunities to own with these builders. I do want to share some reasons why approaching a builder is best done through your agent rather than direct:

1. While it may appear a good idea to cut out the middleman by negotiating directly, you will NOT be able to reduce the price of the house by the amount of the realtor commission! Today’s builders may have sales expenses (commissions) accounted for at the corporate level and are likely not to be priced in each home. You actually have a better chance at buying for less than asking price bringing a realtor.

2. Buyers represented by agents are looked upon by the builder representatives as having the opportunity to shop: compare several builders, compare new versus resale, even compare new versus foreclosure (there are still a few of those!). You are much more likely to get their “best quote” and save money when you work with an experienced agent (such as myself of course!).

3. With an experienced agent, you have the opportunity to get second opinions for financing, inspections, etc. that may save you money in the long run.

In Austin we are fortunate to have some excellent builders that build high quality housing and score very well on customer service. It is still best to approach your next home with a Realtor in order to find out what is best for you in terms of your real estate goals. Contact me to buy your next home, either to live in or as an investment!

Bryan Faircloth
Keller Williams Realty
www.BryanSellsAustin.com
(512) 468-9791
bryfair@kw.com

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July Update – Pearson Place and Northwoods at Avery Ranch!

Hello friends and clients,
More info available at www.BryanSellsAveryRanch.com – bryfair@kw.com
Also, for latest homes for sale in Avery Ranch area, go to
http://bryanfaircloth.kwrealty.com/listings/propertytype/SINGLE/minprice/199999/maxprice/699999/areas/24849/

One of my favorite areas of NW Austin consists of the 78717 zip code. This would include Avery Ranch, Davis Springs, and now Northwoods and Pearson Place.  Northwoods is another new community to be built in the sought after Avery Ranch subdivision. The homes in Avery Station will be built by Grand Haven Homes, who is also building the newest Avery Ranch neighborhood, Pearson Place. Other builders going into Northwoods include Drees and Standard Pacific. Pulte and Streetman Homes are also included in Pearson Place along with Grand Haven, where a new section has recently opened.  David Weekley and Scott Felder are also building now. In addition, D.R. Horton will soon open another section in the western part of the development. Oh yeah, there is also a pretty good golf course right there as well.

To decide what builder is best for you, choose ME as your buyer representative and get your best deal possible.

Bryan

Posted in For Buyers, For Sellers, General Information | Leave a comment

This Month in Real Estate – June 2014

This month in real estate for June, courtesy KW. Contact me if you are looking to buy a home, sell your home or invest in Austin real estate! http://www.youtube.com/watch?v=keuBfCAvj0I&feature=youtu.be

Bryan Faircloth
bryfair@kw.com
www.BryanSellsAustin.com

Posted in For Buyers, For Sellers, Marketing Reports | Leave a comment