Location:
1215 Chicon Street |
Photo Credit: austin.com
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Happy Thursday, Y’all! How’s everyone doing this week? I’m sure by now you are all back into the hustle and bustle and into a regular routine again post-holidays. Now that we are midway through January, I can confirm, as expected from my previous real estate updates in December, that the market is revving up once again in the Austin area! We are seeing similar trends to what we experienced this time last year.
With elevated buyer interest, longer lines for showings and multiple-offer scenarios, the Austin area market is getting more competitive once again. Sharing this is not meant to scare away any potential buyers, but I wanted to make this an important note for anyone that is on the fence or looking to buy in the next few months. Inventory is still low, and with the escalated buying demand, it’s important to know your options and get in sooner rather than later, as this trend is not expected to change anytime soon!
With all of the new jobs opportunities coming in from big hubs like Tesla, Dell and Amazon, more people are flocking into our city and the surrounding suburbs. In fact, Austin was recently declared the second-best performing job market in the U.S. (see below for the full scoop!). While this is great news for our city and its growth, it in turn, makes an impact on real estate for both sellers and buyers. Next week I’ll be sharing the latest market statistics that can help reveal a little more of what is soon to be expected and what current trends we are seeing. Let me know if you’d like to discuss more of this now — I’d love to share my insight!
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Austin's Job Market Earns No. 2 Ranking in the U.S.
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Good news for Austinites! The latest national job market data was released this past month and according to a report by the Greater Austin Chamber of Commerce, Austin landed No. 2 on the jobs list of the best-performing markets among the top 50 metros!
Here are some of the top highlights from the report:
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Austin has made up all of 2020’s pandemic-related job losses and currently has 47,000 more jobs than it had in February 2020.
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Austin ranks as the 2nd best performing major job market over the last 12 months and since the beginning of the pandemic.
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Austin's seasonally adjusted unemployment rate is 3.5% in November, improved from 3.7% in October.
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The rise of tech jobs, especially from big hitters such as Amazon, Tesla and Dell has certainly been a helping factor in Austin’s booming job market.
Check out the full list of the best-performing markets among the top 50 metros below.
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Interested in learning more? I have a ton of market resources available. Reach out!
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Your Guide to All Things
New & Noteworthy
in Austin
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This Surprising Place Should be ‘The Next Austin,’ Says Bloomberg Columnist
"F
or years, cities around the country have competed for the banner of 'the next Austin.'
In hopes of replicating Austin’s astounding success as a much-admired economic hub, fans of places like Chattanooga, Tennessee; Asheville, North Carolina; Tampa, Florida; and Raleigh, North Carolina, have
"
... keep reading.
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​Actor James Marsden Buys Home in Austin Area for 'Small-Town Feel'
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Austin has a new celebrity in its midst! Best known for his role as Cyclops in the “X-Men” movies, actor James Marsden has relocated to West Austin.
Records show that Marsden purchased an approximately $1.8 million home in the Commons Ford area in May 2021, the San Antonio Express News
".
.. keep reading.
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Top Picks for Things to Do
Jan. 21-23
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Le Garage Sale
Enjoy a "Barney’s Warehouse Sale of the south" type of shopping experience this weekend!
Fashion-conscious shoppers of the Le Garage Sale can expect 100+ boutiques, brands, and designers to bring their wardrobe staples, leisurewear, eye-catching accessories, children’s apparel, menswear, home decor pieces and more - all on sale! Click here for more info.
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Georgetown Palace Theatre Presents Ring of Fire: The Music of Johnny Cash
From the songbook of Johnny Cash comes a unique musical about love and faith, struggle and success, rowdiness and redemption, and the healing power of home and family. More than two dozen classic hits will be performed - including “I Walk The Line,” “A Boy Named Sue,” “Folsom Prison Blues.” Learn more here.
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1607 Country Squire Drive, Cedar Park, TX
4 Bed | 2.5 Bath |
3,115
Sq. Ft.
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Gorgeous two-story limestone home in Cedar Park! This light and spacious home in the beautiful Carriage Hills neighborhood is highly expansive, with four bedrooms, a large grand foyer opening up to an elegant staircase, three sizable main floor living/dining area spaces with arched entryways, an open kitchen and a huge master suite with double vanity sinks and a walk-in closet.
Click here for the full listing and virtual tour, and contact me to schedule a showing!
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11716 Rydalwater Lane, Austin, TX
5 Beds | 2.5 Baths |
2,908
Sq. Ft.
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Space abounds in this generous two story home with 5 bedrooms! One bedroom on main floor can act as an office or bedroom and the remaining four are on the second story. Beautiful mature trees on almost 1/3 an acre lot just 7 minutes from Samsung and 11 minutes from Dell Technologies. This home is ready for your design ideas! A blank slate with gorgeous bones. A warm, gas fireplace creates a lovely environment in the open concept living room/kitchen with lots of cabinet space for all your kitchen storage needs.
Click here for the full listing and virtual tour, and contact me to schedule a showing!
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
marketingcenter-greateraustin-austin |
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