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Actually, we’ve had much more than three calendar quarters of HOT market conditions in Central Texas, but I really want to comment on January – September 2014 here. Since it has been a long time since I made time to write, though, I’ll remind readers that are new to my market dashboard, that the Greater … Continue reading
The trend has been clear for several months, but this month one chart from my dashboard really tells you most of what you need to know about the Austin/Central Texas residential market …. In April, 46% of all active listings sold! Continue reading
The Austin-area real estate market has turned the corner. We’re clearly into a new growth phase. As evidence, here’s a quick summary of the past few years’ home sales: We have experience 22 consecutive months of year-over-year sale growth, and very significant growth in most of those months: Moreover, it’s worth noting that even filtering … Continue reading
The real estate market turnaround in the Austin metro area is unambiguously underway. Here is the data to confirm that fact. Continue reading
All of the proportional sales growth in this market over the past 10 years has happened above $250,000, and the fastest growth was above $400,000 — even though the median price remained below $200,000 until last year. Pay attention to the difference between average price growth and actual value appreciation. Continue reading
In Austin, there are no mixed signals. Living and working here, you can feel the growth. The pace of the real estate market feels like 2006 again, and maybe even a little more frenetic! My Austin Market Dashboard helps to explain 2012, and gives us a glimpse into 2013. Continue reading
As with most of this market recovery, Austin gained momentum ahead of most other cities. Single family permits are up a healthy 30% compared to the same time last year, but the 5+ Family segment is already almost 70% ahead of last year’s 12-month total! Continue reading
Looking at all sales adds high and low price extremes that were not in the sample a few days ago of sales near $200,000. This data shows even more clearly the huge variations around the metro area — Sold Price/SF in today’s sample ranges from $13 to $992! Continue reading
I am often asked, “What’s the average price per square foot in Austin?” Here’s the REAL answer! Continue reading
Sales between $120,000 and $160,000 represented less than 10% of market activity in 2011 and 2012. At the same time, sales between $200,000 and $400,000 have become well-established contributors to our market over the past few years, representing 34% of sales in 2011 and 36% of sales so far in 2012! Continue reading
Bill Morris on Austin Real Estate 