Happy Friday, Y'all!
For the real estate market in Austin, fall is proving to be just as hot as summer. The trend we're seeing is that new listings have slowed down, but buyer demand is still quite strong. Last month, we saw a 19.9% increase in sales volume in Austin with a record-breaking 14.9% increase in median home price. Active listings are down 26.6% and our inventory is at a mere 1.5 months. Pending sales are ahead of new listings by 15%! What does this mean? Mainly it means that prices are climbing because our supply can't keep up with the demand. This is good for sellers who are ready for a change and also good for buyers who want a great return on their investment over the next several years. If you know anyone who has a need, I'd love to help the people you care about!
Key Trends Showing Future Real Estate Demand
Compass's Founder & CEO Robert Reffkin recently joined CNBC’s Squawk Box to discuss the strength of the real estate market and the key indicators of future demand.
While every market is unique, here are some of the latest stats we're seeing that indicate national strength in the real estate market:
Search traffic on our website is up 108% year-over-year, indicating strong forward buyer demand.
National home prices are up 8%
year-over-year, indicating stable and steady growth.
Users are spending more time on our website overall, with the average duration of time spent up 19% from last year, showing that not only are there more buyers, but they're more serious about finding a property that meets their needs.
The pandemic has changed the way we evaluate our homes. We’re noticing that certain features like outdoor space, home offices, and pools aren't just a passing trend — there’s real demand for these types of amenities that will extend into the fall.
Would you like a curated look at how the market is moving in your Austin neighborhood? I’d be happy to put together a custom Collection of homes in your areas so you can keep an eye on pricing trends throughout the fall. And, as always, don’t hesitate to reach out if you have any questions.
Click the link below if you'd like to discuss!
Your Guide to All Things
New & Noteworthy
Amazon Brings More Job Opportunities
"Amazon is adding more than 1,700 full- and part-time jobs in the Austin area, the e-commerce behemoth announced September 14.
In Central Texas, jobs are available in Austin, Kyle, Round Rock, and San Marcos"
... keep reading.
The Future of Austin's Skyline
"Kevin Burns is shedding light on the future of Austin’s iconic skyline. The founder of Urbanspace, who knows a thing or two about working and living in downtown Austin, makes a big point: stay gone too long and you might not recognize our city when you return" ... keep reading.
Top Picks for Things to Do
Austin Museum Day
Spend the day enjoying Austin’s incredible museums! This Sunday, Sept. 20th is the 23rd Annual Austin Museum Day. Get cultured at this free and fun event, which includes activities, tours, gallery talks and more with both in-person and virtual options available. Check out the full details here
5.12K Run to Brunch Kickoff Party
The annual 5.12K Run to Brunch event is back — but this year, it’s going virtual! Join the kickoff festivities this Sunday, Sept. 20th by tuning into the event’s Facebook page
for virtual musical performances, giveaways, a Bloody Mary tutorial by Tito’s Handmade Vodka and more!
Fresh Ideas for Fall Décor
While the weather in Austin doesn’t quite feel like fall just yet, there’s definitely an aura of fall spirit popping up in the city! The stores are brimming with autumn decorations, clusters of shiny pumpkins are making their grand annual debut, and there’s a lingering scent of cinnamon and apple-spiced goodness coming from quaint bakery and coffee shops all around. It’s one of my favorite times of the year!
One way I like to keep this fall feeling going is by carrying it over into my home’s décor. If you’re like me and want to get your space festive and ready for the new season, check out some of my current favorite design inspirations below that will help transform your home into an autumn haven.
Dress up your front door with a festive wreath.
Is there anything lovelier than walking by a home with a festive and beautifully designed front door wreath? Not only is it cozy and inviting, but it’s also pretty simple to recreate for your own home. I love these DIY wreath ideas
from Country Living that will make your front door the best looking one on the block!
Make a statement with a seasonal centerpiece.
The kitchen is the ultimate gathering place, and it’s also where all of the pumpkin-spiced baking magic happens. Displaying a seasonal centerpiece in this lively space is perfect for enhancing a fall aesthetic and making your autumnal baking and feasting moments that much more enjoyable! Check out these arrangement ideas
from Better Homes & Gardens for some serious inspiration.
Contact me today for more information
on this beautiful property!
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7915 Escala Dr
Spectacular views, waterfalls, gorgeous spa, grand wine room.
8000 Treehouse Lane
Updated fixtures, quaint exterior,
great curb appeal.
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© Compass 2020 ¦ 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.