Photo by the Downtown Austin Alliance Foundation
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Happy Thursday, Y'all! Early voting started this week, so make your plans to go vote if you haven't already! I am thrilled and thankful to have the right to vote in our beautiful country. When I go to vote tomorrow, I will be honoring the heroic women of the Women's Suffrage Movement who fought tirelessly for decades until the 19th Amendment was ratified 100 years ago. God bless those women!
The September real estate sales data is out, and the numbers are shocking. Here are the highlights for the Austin Metro Area:
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The total sales volume for September was up 45% over last year at $1.8 Billion in sales.
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Only 1.1 months of inventory, or homes actively listed for sale, which is 60% lower than last year.
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Sales prices of homes closed are up 16.2%.
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Homes are selling 24% faster, and they were already selling pretty fast last year!
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The number of homes sold is almost 25% higher this year, and the number of listings is only up 2.2%.
What does this mean? We have a shortage of supply and a TON of demand, and that always means climbing prices. I often get the question, "When is the right time to buy?" My answer is definitely NOW, which is the next best thing to yesterday. :)
If you have questions about the market, or if you're just curious about your home's value, please reach out!
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While we continue to pave through this Covid-19 era, the national real estate market continues to shift as well. As increased working from home and social distancing practices remain our new normal, recent studies and statistics are showing that certain cities are fairing much better than others when it comes to popularity and livability.
A recent article published by Forbes shares that Americans are migrating away from “high-priced real estate markets as well as high-tax, high-lockdown urban locations.” And instead, homeowners are opting for “more space, quieter neighborhoods, home offices, newer kitchens and access to the outdoors, traits which have revived a strong interest in the suburbs and smaller metro areas.”
With a high-demand for inventory and a growing population, Austin remains a top desirable city to live in for 2020-2021.
However, places like NYC, Chicago and California’s largest cities are continuing to fall down on the list of where American’s want to live and work as the pandemic continues.
Check out the full Forbes article here on how the market is dramatically changing and where Americans are currently moving.
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Want to learn more about the current state
of Austin's real estate market?
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AIA Austin Homes
Tour 2020
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In its 34th year, the nationally recognized AIA Austin Homes Tour is going virtual! While the event looks a bit different this year, it will not skimp out on excellence. AIA Austin is providing an incredible online experience that will showcase and celebrate Austin’s top talents in architecture and home design. Viewers can take self-guided 360-degree virtual walkthroughs, watch perfectly-crafted videos of homes, and listen in on live sessions with design professionals! The event takes place on Oct. 16-19. Get the full details and tickets here.
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Your Guide to All Things
New & Noteworthy
in Austin
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New Report Says Austin Rent Prices Follow Texas' Downward Trend in 2020
"The Texas rental market often sets the pace for the entire country, but 2020 has been different, according to new data from apartment marketplace Abodo. Nationally, median rents have moved upward this year, whereas Texas rents have shown a definite downtrend"...
keep reading.
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Austin Voters Set to Decide on Future of Proposition A: Project Connect
"Light rail, a downtown tunnel and an extended bus system are just some of the features of the $7.1 billion Project Connect, and it’s headed to voters in the form of Proposition A on November’s ballot.
Those with the Downtown Austin Alliance say Project Connect is a “critical” need"
... keep reading.
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Top Picks for Things to Do
Oct. 16-18
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Empire Control Room & Garage’s #SOSFEST Watch Party
Come support the future of Austin’s live music scene at Empire Control Room & Garage’s #SOSFEST (Save Our Stages Fest) watch party! Empire is opening back up for this three-day virtual fundraiser that aim’s to support the livelihood of independent music venues across the Nation. Featured virtual acts include Foo Fighters, The Lumineers, Portugal. The Man, Reba McEntire and more! Along with the live stream, Empire will be offering contactless ordering so you can enjoy some good eats and food while watching some memorable performances. Get tickets here!
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Zach Theatre Presents ‘Songs
Under
the Stars’
Calling all musical enthusiasts! This Sunday, Oct. 18, enjoy a lovely melody-filled evening on the Zach Theatre campus for their “Songs Under the Stars” series! Bask in the beautiful weather while enjoying a 1-hour themed “On Broadway” singing performance. This event celebrates the Golden Age of Broadway with song selections from musical favorites like The Sound of Music, The King and I, Ragtime, Annie Get Your Gun and more! Get your tickets here.
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Late Fall & Winter Camping Guide
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Top 3
Favorite Austin-Area State Parks For Colder Weather Camping
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Looking to take advantage of the upcoming cooler weather for some adventurous camping this late fall and winter? Now is the time to make those plans! With the growing population of the Austin area, and many people looking at outdoors activities as being a safer option this year, local campsites are in demand and booking up faster than ever. Discover the best camping spots below that are less than 2 hours from Austin!
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1. Enchanted Rock State Natural Area
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Famous for having the largest pink granite dome in the United States, Enchanted Rock is the perfect place for kids to pretend to be mountain goats, and it’s an International Dark Sky Park with superb stargazing. Make time to do the hike around the bottom of the rock to view it from all sides as well as taking the Summit Trail. Click here for more details.
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2.
Pedernales Falls State Park
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Less than an hour from Austin, the stunning 5,200-acre Pedernales Falls State Park is almost always fully booked and for good reason! The falls are beautiful, and there are easy hikes as well as longer ones that will take all day. Plus, armadillo sightings are highly common! Reserve your spot here.
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Check out the rest of of our local fall and winter camping guide here.
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301 West Avenue, Unit 4001
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Luxury high-rise living in Austin could be yours at 301 West Avenue in Market District! Experience unparalleled panoramic views of Lady Bird Lake, West Hills and the State Capitol from your living room with floor-to-ceiling windows, a spacious open layout and modern features!
This 2 Bed/2 Bath 40th floor dreamy condo at The Independent includes access to two floors of high-end amenities, including a yoga studio, theater, gym, pool, outdoor terrace and more. Plus, the Shoal Creek Trail and Lady Bird Lake Trail are only steps away!
Ready to experience everyday resort-like living in one of Austin’s most alluring neighborhoods?
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Click here for the full listing or message me to
schedule a showing!
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Private Exclusive Listings
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Our team has access to listings
that are not yet on the MLS - let me know
if you'd
like
to learn more!
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11812 Mira Mesa Drive
5 Bedrooms
Luxury styling, high-end finishes, breathtaking rolling hill views.
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18404 McGloin Trail
Sweetwater
Custom home, beautiful hardwood flooring throughout, expansive lot.
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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.
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