Location: 1102 Koenig Lane
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Photo Credit: https://atxfyi.com
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Happy Thursday, Y’all! I’m thrilled that the Christmas season is here. It’s such an exciting time, and I’m looking forward to all of the festive things going on around Austin (see below for one of my favorite events — the annual Peppermint Parkway at Circuit of the Americas!). Another one of my favorites is Zach’s production of “A Christmas Carol," which we’re talking the whole family to see next Sunday. If you haven’t seen it, it’s a must-see! Also, December means that my team and I are starting our 12 Days of Holiday Giveaways! We have so many great local things we are giving away this month, so be sure to head over to our Ellevé Instagram account
( @elleve_property_group_atx) to follow along for our daily giveaways!
As for the market, the latest ABOR stats are here (keep reading below for the full scoop), and although home sales are down this past month from this time last year, demand for housing is still high and inventory is very low. While things have cooled slightly, it’s still a booming market, and interest in the Austin area is only increasing. In fact, Austin was recently named the “World’s Number 1 City to Move to in Global Ranking” by the British personal finance platform money.co.uk, beating out Tokyo, Japan (#2) and Charleston, South Carolina (#3). This global allure, plus Tesla’s Austin factory opening and Samsung’s relocation to nearby Taylor, Texas is only going to make the demand for housing in our area escalate.
If you want to learn more about the current market, let me know! There’s also still time to find a home before the 2022 buying post-holiday rush. Whatever your needs are, I'm here to help in any way!
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The Latest Austin Housing
Market Stats
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The ABoR’s Austin Housing Market Report is here, showing the latest year-over-year (YOY) housing insight for the city of Austin.
The median home price rose 21.1% year over year to $536,000, which is a record for the
month of October. Home sales decreased 11.7% to 1,062 sales and
new listings decreased 8% to 1,236,
while pending sales increased 2.5% to 1,209. Monthly housing inventory decreased 0.3 months year over
year to 1.0 months of inventory, which continues to be a plus for sellers as the demand for available housing is high.
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See below for a quick snapshot of these October 2021 housing market numbers!
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Want to learn more about Austin's current housing market, including the best expert strategies for buying or selling at this time? Reach out!
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Your Guide to All Things
New & Noteworthy
in Austin
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Iconic Italian Fashion Brand Eyes Austin as Emerging ‘Luxury Center’
"
Austin’s shopping scene continues to go upscale. Prada plans to set up shop in Austin, following fellow Italian fashion house Gucci into the Capital City.
Prada, an iconic retail brand known for its high-end handbags, shoes, and clothing, is targeting Austin as part of a three- to five-year expansion in
"
... keep reading.
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Austin Crowned the World’s No. 1 City to Move to in Global Ranking
"M
ove over, London. Austin is the new kid on the block for people seeking to relocate.
British personal finance platform money.co.uk ranks Austin the No. 1 city in the world for people hunting for a new place to live. Earlier this year, polling results released by the Boston Consulting Group and The Network
".
.. keep reading.
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Top Picks for Things to Do
Dec. 3-5
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St. Elmo Brewing Anniversary Party
St. Elmo Brewing is turning 5! And to celebrate, they will be hosting a St. Elmo Brewing Anniversary Party with live Bluegrass music and special anniversary t-shirts. They will also release their barrel-aged bottle stout, FIVE!, and will be debuting "Collabracadabra"
a collab IPA with
Hold Out, Zilker, Southern Heights and Austin Beerworks. Learn more here.
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Peppermint Parkway
Ready to get into the holiday spirit? This annual event is a festive drive-thru adventure where guests can experience a spectacular, one-mile display of lights, music, and joy. The holiday event also includes Peppermint Plaza, located in the Grand Plaza, featuring rides, food trucks, a meet & greet with Santa, Pepper, Mint, and more. Get tickets and details here.
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Congrats to our amazing clients! Their beautiful homes in University Hills and North Austin recently closed! We are thrilled for our clients, and we are also happy that we were able to find them the right buyers and get them top dollar on their gorgeous homes!
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3 Bed | 2 Bath
Representing Seller
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3 Bed | 2 Bath
Representing Seller
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© Compass 2021 ¦ 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.
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