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Austin Ranks Among Top 15 Cities For Homes That Increase In Value
Are you planning on buying real estate in Austin Texas this year? If so, you’re making a smart choice! The Austin Texas real estate market has continued to be on fire in recent years and a recent study has also shown that the ATX area is also a great place to buy a property if you want it to increase in value. 368% Growth Since 1997 Thanks to a recent study by Smart Asset, we know that Austin Texas real estate has appreciated by 368% since 1997. Compare that with Flint, Michigan, the lowest-ranking market. Homes have appreciated by an average of 83% in the same period and carry a…
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Texas Realtors: Austin median home price jumped nearly double the state average in 2021
A new report from the Texas Realtors showed the statewide real estate market in 2021 was hot, but the Austin-Round Rock market was even hotter. While statewide median home prices jumped 15.7% from 2020 to $300,000, the report said median home prices in Austin-Round Rock shot up nearly 31% to $450,000 since 2020. Since 2018, median home prices have climbed $145,000 — meaning the median home price just four years ago was $305,000. It was the seventh consecutive year the median home price in Texas rose, the report said. The report, which is the 2021 year-end report by Texas Realtors, said Austin has the highest average rent of anywhere…
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February 2022 – Austin Real Estate Market Update
The Austin Board of Realtors is reporting record breaking sales for the 10th consecutive year. 2021 units sold increased 2.5% compared to 2020. Median home prices are also up 30.8% over 2020 to a whopping $450,000. It’s important to note that December sales decreased year over year by 4% marking the 6th consecutive month for declining sales. The MLS is currently showing an 11% decrease for units sold for January 2022; the 7th consecutive month. This time last year, there were less than 1000 units for sale in the greater Austin area. Though the listing count rose steadily throughout 2021, today, there are currently only 1273 active units. Travis County currently has only 611 units for sale. Austin named the No. 1 housing market for millennials in 2022 Stop…
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Burgeoning Austin suburb boasts second-hottest neighborhood for U.S. homebuyers
he population of Leander soared 123 percent from 2010 to 2020, and the growth shows no signs of letting up. A new report from residential real estate platform Opendoor provides further evidence of the continued popularity of the Williamson County suburb. Leander’s 78641 ZIP code ranks second on Opendoor’s new list of the country’s 10 most popular ZIP codes for homebuyers. To develop the list, Opendoor analyzed home sales in 2021 in the more than 40 markets where it operates brokerages. Chris Westrom, Opendoor’s senior general manager in Austin, says Leander benefits from the population and job growth occurring throughout the metro area. “Leander … offers residents a smaller-town charm while only being about…
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Keep Austin Weird revives live events with brunch run and big concert
In the weird and wonderful spirit of Austin, let it be known the best way to motivate 5K runners is to end the race with brunch. That’s just part of what’s on the menu for this year’s Keep Austin Weird events, which are returning to live, in-person weirdness following a pandemic-forced virtual celebration in 2020. Taking place Sunday, September 5, the newly dubbed Keep Austin Weird Live — a series of experiential events and activations inspired by the Capital City’s long-held mantra — gets up and running with the third annual 5.12K Run to Brunch and culminates with a brand new Labor Day weekend concert at Fair Market. Community-based running…
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Beware, home buyers: A record number of homes are selling above their asking price
This year’s spring home-buying season is set to be one of the most competitive ever, as the pandemic continues to stoke interest in homeownership. And home prices are skyrocketing as a result. A new report from real-estate brokerage Redfin RDFN, -0.22% found that 39% of homes sold above their listing price during the four-week period ending March 21, an all-time high. That figure is 15 percentage points higher than during the same stretch of time a year ago. The median home-sale price was $331,590, Redfin reported, which represented a 16% increase from a year ago. Researchers noted, though, that the year-over-year comparisons may be skewed by the fact that around a year ago, states were…
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7 things to know in Austin food right now
The city’s most Instagramable Mexican eatery, Gabriela’s Downtown, is planning a South Austin expansion. Founded by siblings and Michoacán natives Gabby and Arturo Bucio, Gabriela’s Downtown opened in early 2018 and has since garnered a great deal of social media attention for its DJ-scored brunches, house-made choriquesos, and hearty mole enchiladas (and who could forget their colorful array of alcoholic options including fruity margarita flights and chamoy-rimmed Modelos). A baby-blue banner announcing the Bucio family’s expansion currently hangs over Gabriela’s forthcoming south location at 9600 S. IH-35, Unit B-500, which is on track to open in spring/summer. A restaurant/bar hybrid is shooting onto South Congress. White Tiger is the brainchild of notorious restaurateur…
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It’s important for everyone to be a good human,’ Austin teen named TIME’s Kid of the Year finalist
AUSTIN (KXAN) — A 16-year-old from Austin is one of the finalist for TIME’s Kid of the Year. TIME said Austin’s Ian McKenna was selected to be one of the five finalists for Kid of the Year out of 5,000 nominees between the ages of eight and 16 in the U.S. TIME partnered with Nickelodeon to find the TIME’s first ever 2020 Kid of the Year. The five finalists will get to contribute to TIME, be a kids reporter for TIME for Kids and receive a cash prize. McKenna uses his gardening skills to help fight hunger in the Austin area. In third grade, he built a community garden at…
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Drive-in music festival coming to Austin this month featuring Snoop Dogg, Nelly
AUSTIN, Texas — A drive-in music festival sponsored by Raising Cane’s is in the works for the cities of Austin, Dallas and Lubbock, Texas. The two-day festival dubbed “Hometown Heroes” will be held simultaneously in the three cities on Sept. 25 and Sept. 26, with some artists performing live on stage in one town while the others are streamed in from the other locations. Artists tapped for the event include big names like Snoop Dogg, Nelly, Pat Green, Randy Rogers and more. Viewers in Austin and Lubbock should expect to see headliners like Snoop Dogg, Nelly, Cody Johnson and Pat Green live. Meanwhile, those in Dallas can witness live shows…
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Austin Among Nation’s Best Real Estate Markets: Report
AUSTIN, TX — As mortgage rates hit record lows but amid a backdrop of the coronavirus, researchers sought to identify the nation’s best real estate markets — with Austin cracking the top ten list. Researchers at the personal finance website WalletHub released its report on 2020’s Best Real-Estate Markets detailing the nation’s most attractive real-estate markets in the U.S., comparing 300 cities across 24 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth. Once crunched, the numbers showed Austin in the 7th overall position among the nation’s best real estate markets, and the 3rd ranking among large cities — bested only by Seattle…
