Austin Mural Photo Credit: www.austin.com
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Happy Thursday, Y’all! I hope everyone is enjoying their week so far! The Austin Board of Realtors (ABOR) recently released the latest housing market updates for Austin, and this included the complete year-end report for 2021.
According to ABOR, more homes were sold in the Austin-Round Rock MSA in 2021 than ever before, with residential home sales rising 2.5% year over year to 41,316 homes sold last year. The median price for a home across the MSA set a record in 2021 as well, rising 30.8% over 2020 to $450,000. While Austin’s housing market certainly boomed this past year, it seems that we are continuing on with this trend into 2022. (See below for more data on the current Austin housing market!)
My advice remains that if anyone has any interest in buying in the area, then now is the best time to get in before prices and interest rates rise! Even with low inventory, there are still great options for finding your next ideal home or investment property. Please reach out if you’d like to discuss anything further. You know where to find me! :)
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The Latest Austin Housing Market Statistics
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The the latest Austin housing market stats for December are here,
showing the latest year-over-year (YOY) housing insight for the city of Austin.
The median sales price in the city of Austin in December rose 19.4% to $555,000, an all-time monthly
record. Residential sales decreased 8.2% to 1,110 sales, as sales dollar volume increased 7.5% to $773,517,832.
During the same period, new listings dropped 15.1% to 641 listings, while active listings also decreased 26.5%
to 548 listings, and pending sales fell 9.3% to 818 pending sales. Monthly housing inventory decreased 0.2
months year over year to 0.5 months of inventory.
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Want to discuss these market numbers further, including the best expert strategies for buying and/or selling around Austin at this time? Reach out!
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Your Guide to All Things
New & Noteworthy
in Austin
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Texas French Bread Bakery Building a Total Loss from Fire; GoFundMe Started to Help Owners
"
A beloved bakery near the University of Texas at Austin campus is a total loss after a fire ripped through the business Monday night into Tuesday morning.
The fire was reported just before 11 p.m. Monday at the Texas French Bread bakery on Rio Grande
"
... keep reading.
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New $500 Million Master-Planned Community Drives Major Growth in Southeast Austin
"A
$500 million master-planned community encompassing 1,400 acres and thousands of homes is on tap for Southeast Austin.
Houston-based real estate company Hines has partnered with Trez Capital, Caravel Ventures, and Sumitomo Forestry to
".
.. keep reading.
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Top Picks for Things to Do
Jan. 28-30
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The 14th Annual Chili Cold Blood Chili Cook-Off
Warm up with some delicious chili and good company this Saturday at
the 14th Annual Chili Cold Blood Chili Cook-Off! There will be great live music as well, with performances from Chili Cold Blood, Mayeux & Broussard, Je Texas and Little Bear. Proceeds from the event will go to the local HAAM charity. Learn more here.
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Pink Floyd Laser Spectacular
Pink Floyd fans, this ones for y’all! The Pink Floyd Laser Spectacular at the Paramount Theatre is a fun multimedia laser and light show featuring the original master recordings of Pink Floyd. Experience a mind-expanding journey driven by cutting-edge laser, lighting and video effects that create a memorable experience. Click here for more info.
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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 the 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 message me to schedule a tour!
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A successful end to January! Cheers to our great buyer clients for going under contract on their lovely new home in Windermere and congrats to our other clients whose beautiful Cedar Park 4-bedroom home went under contract with multiple offers! We love being a part of our clients' buying and selling journeys, and we are thrilled that we could help them achieve their Austin area housing goals.
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1607 Country Squire Drive
4 Bed | 2.5 Bath
Representing Seller
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3 Bed | 2 Bath
Representing Buyer
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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.
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