Happy Thursday and Happy October, Y'all!
Bless this beautiful weather! I hope you are getting out and enjoying it. This is one of my favorite times to be out and about in Austin. With a flurry of new real estate activity, I'll be enjoying the outdoors this weekend by showing lots of homes! I'm not going to let this weekend pass me by without some hiking and biking, though. I've also included some other ideas for you below including a ghost tour!
The trend continues of intense buyer demand and not nearly enough sellers in our market. I've noticed it's common for people to think selling privately, off-market is a good idea and we're seeing this trend. If you hear of anyone selling their home privately, send them our way. We'll help them walk away with tens of thousands more in proceeds with our selling strategies. Most privately sold homes sell for less than they should, by a large margin.
If you have questions about whether or not the timing is right for you to sell, I'd be happy to talk with you about that. I'm a big believer in holding real estate, so I'm more likely to talk you into holding than selling but it all depends on your situation. Reach out anytime!
National Real Estate
Trends & Insights
It's hard to believe that more than 6 months into COVID-19 the demand for new, unique homes continues to increase. Here's what we're seeing across the country:
Mortgage rates have dropped below 3%, the lowest in history.
US home prices increase 5.5%, with sales of homes over $10 million up 11% YOY, according to WSJ.
While we never thought it would be possible, we're seeing rates as low as 2.5% on 30-year fixed mortgages and predict this could last well into 2022.
Buyers want their very own paradise: Searches for pools have increased more than 1500% YOY.
Buyers want a personal oasis: Searches for outdoor space have increased more than 900% YOY.
Searches are up 40% nationally on Compass for single-family homes.
Home prices grew in 96% of metro areas in the second quarter of 2020.
Let me know if you'd like to learn more about the current state of Austin's real estate market.
Your Guide to All Things
New & Noteworthy
'Lord of the Rings' Actor Puts Historic
Austin Home On the Market
"After pouring money into upgrades, actor Elijah Wood of The Lord of the Rings fame has put his 180-year-old Bouldin Creek home on the market for $1.85 million.
Wood bought the classic Victorian home, at 608 W. Mary St., in 2012 for $1.075 million" ... keep reading.
Tesla is Making its Way to Austin Much Sooner Than Expected
“Tesla Inc. is moving at a rapid pace on its new gigafactory in far East Austin. For weeks, construction crews have been moving dirt at the 2,100-acre site off State Highway 130 for the electric carmaker’s next manufacturing plant" ... keep reading.
Top Picks for Things to Do
Georgetown Ghost Tour
Kick-off Halloween month this Saturday, Oct. 3rd with a fun and slightly spooky ghost tour in Georgetown! Hosted by The Williamson Museum, this interactive event includes "ghost hunting" and intriguing storytelling about local haunted spots throughout history from entertaining costumed tour guides. Click here
Spark your imagination and surround yourself in nature this weekend at the annual Fortlandia event! Browse through custom-designed forts from local artists and architects and channel your artistic side by building your own fort at “Fort Build.” It's a perfect event for families! Check out the full details here.
Fun Ways to Celebrate in
Happy October 1st! It’s a new month full of pumpkin-galore, Halloween decorations and one of my personal favorites — Oktoberfest! Although many Oktoberfest events are canceled this year, don’t fret! There are still enjoyable ways to celebrate this seasonal occasion right here in the Austin area. Whether you want to bring the party to your home or join in the festivities at a local spot, check out these awesome ideas below for Oktoberfest fun.
Pick up an Oktoberfest platter to-go.
Scholz Garten is certainly ready for Covid-19 safe festivities this year! This historic Austin eatery is offering delicious Oktoberfest kits to-go, which includes a few pounds of sausage links, pretzels, mustards and sides perfect for a family and friends gathering at home. Yum! They’ll also be streaming live music online. For more info and ordering details, click here.
Reserve a table at German Texan Heritage Society’s Austin Oktoberfest.
If you'd still like to venture out for celebrations, the GTHS Austin Oktoberfest on Oct. 10th is a wonderful option! The event will be held at the outdoor Amphitheater at Stubb's Bar-B-Q with a safe social-distancing set-up in place. Grub and sip on tasty German food and beers while listening to a festive lineup of musical performers. Get your tickets here.
Want to cook your own Oktoberfest feast at home instead? Try out one of these amazing recipes from
Let's Find Your Next Home
3 Bed | 2.5 Bath
Say hello to exquisite hilltop living! Only minutes from Downtown Austin, this luxury 2-acre estate in the prestigious Westlake neighborhood is a rare and tranquil gem full of incredible potential!
Newly priced at $2,325,000, this Austin-area oasis is in a prime, close-in location with a unique opportunity to expand or re-imagine! Furman + Keil Architects created a schematic design for this grand, high-end property.
An entirely charming and remodeled 4-bedroom home under $400,000 in Windsor Park? It's a must-see! 5313 Westminster Drive is 1,200 sq. feet of pure loveliness with tons of fresh, move-in ready features. This includes new interior and exterior paint, new floors, newly painted kitchen cabinets, new countertops, new appliances and more!
Contact me today for more information
on these beautiful properties!
Private Exclusive Listings
Our team has access to listings
that are not yet on the MLS - let me know
to learn more!
2111 Highgrove Ter
30-feet ceilings, stunning gourmet kitchen, exquisite skylights.
2702 Carnarvon Lane
Screened-in porch, beautiful front deck, spacious open concept layout.
Congratulations to our clients for recently closing on their homes in Georgetown and Dawson! We're thrilled that we could help them reach their home buying goals and that they put their trust in our expert team!
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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.