Austin Location: E 2nd St &, Brazos St, Austin, TX | Photo Credit: Jennifer Kopp Photography
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Happy Friday, Y’all! How's your week going so far? In my previous newsletter, I touched on some of the latest market insights, but I also wanted to share this newly released graph below that shows how much inventory has grown over the past few months.
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According to realtor.com, on a national level, “The inventory of homes actively for sale on a typical day in July increased by 30.7% over the past year, the largest increase in inventory in the data history and higher than last month’s growth rate of 18.7% which was itself record-breaking. This amounted to 176000 more homes actively for sale on a typical day in July compared to the previous year and more choice for buyers who are still looking for a new home.”
As you can see, this is all great news for buyers. More inventory means that buyers have more choices compared to this time last year, and with less completion than before, buyers are able to take the time to find the perfect fit. Purchasing a home now will only set you up for future real estate investment success! Are you ready to take the leap and find your next home? Let me know! And even if you’re not looking for a house right now, I’d still love to offer my support with any other home resources or answer any questions you might have — about anything! Just let me know. :) Have a great weekend!
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Affluent Neighborhood Zips to Top Spot on List of Austin’s Richest Areas
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Photo Credit: Curbed Austin
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"New data from the Austin Business Journal shows 78732, which encompasses Steiner Ranch, is the wealthiest ZIP code in the five-county metro area, with a median household income of $175,118 based on 2020 figures from the U.S. Census Bureau. More than 18,000 people live in 78732."
"This ZIP code is wedged between Lake Austin to the northwest and Bee Caves Road to the southeast. It includes a number of high-end neighborhoods, including several Rob Roy subdivisions."
"Steiner Ranch is a 4,600-acre, master-planned community in Northwest Austin. Community amenities at Steiner Ranch include two junior Olympic-size pools, a resort pool, a splash pool, a splash pad, two baby pools, eight tennis courts, four basketball courts, seven parks, four multipurpose athletic fields, more than 20 miles of hiking trails, and access to the Lake Club," says CultureMap Austin.
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Looking to see available home options in Steiner Ranch or other specific zip codes in Austin? Reach out to get your personalized home search started.
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Your Guide to All Things
New & Noteworthy
in Austin
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Omni Austin Hotel Downtown On 6th St. Unveils $22 Million Renovation
"It's makeover time for Omni Austin Hotel Downtown, to the tune of $22 million. The hotel has used the energy of its Sixth Street surroundings to refresh public areas, accommodations, and event spaces, plus all-new dining venues"
... keep reading.
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Tech Giant Micron Weighs $80B Central Texas Facility
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Semiconductor giant Micron Technology might build a fabrication facility south of Austin, near Lockhart.
Details of the facility known as Project Evergreen were revealed in public documents posted to the state comptroller’s website this week. Construction on the
"
... keep reading.
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Top Picks for Things to Do
August 26-28
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17th Annual Bat Fest
Bat Fest will highlight 1.5 million Mexican free-tailed bats emerging from under the bridge at dusk. The event will also feature two stages with live music featuring Texas-favorite, Toadies,
and there will more than 50 arts & crafts vendors, food and drinks, children’s activities, a bat costume contest, and other bat activities.
Learn more here.
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Le Garage Sale at Palmer Events Center
Austin's legendary Le Garage Sale is back again! Fashion-conscious shoppers of the Le Garage Sale can expect 100+ boutiques, brands, and designers to bring their wardrobe staples, luxe lingerie, and leisurewear, eye-catching accessories, children’s apparel, menswear, home decor pieces, apothecary concepts, art, and more. Click here for more information.
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Blackhawk | 4 Bed | 2.5 Bath
Price Adjustment: $625,000
Reach out to schedule a showing!
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TWO new under contracts! Congrats to our clients for recently going under contract on gorgeous homes in Georgetown and Austin. We loved working with these clients to help them find their ideal homes in the Austin area, and we are grateful that they put their trust in the Ellevé team!
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3 Bed | 2 Bath
Representing Buyer
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6 Bed | 4 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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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