Austin real estate investing made easy real estate investment tips real estate investor tips Sage Wilson Property Group Austin Texas Erik Wilson

Austin Real Estate Investing Made Easy

Real estate can be a profitable and smart business decision for those looking for a great investment opportunity, but only if the proper steps are taken. Luckily, we’ve broken down some of the key factors we think are most important to help you get set up. Step One: Find Out What You’re Getting Yourself Into There are many people who’ve thought about or done what you’re about to, and...

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Despite seeing a decline in the number of single-family homes on the market, the median price of homes is at an all-time high, according to the May market statistics report released by the Austin Board of Realtors. The new record median price comes in at $407,400, yet the May 2019 Central Texas Housing Market report shows declines for both new and active listings in the city of Austin. There was also a 3.4% drop in home sales in Austin, but the surrounding areas saw immense growth. A lot of this comes from a lack of supply in affordable housing options for first-time homebuyers with specific wants and needs. Since they can’t find property that has everything they’re looking for in Austin, they’re setting their sights on properties in the suburbs of the city. Let’s take a closer look at some of the communities that are close to our hearts and what the current market standings mean for them. Austin-Round Rock Metropolitan Statistical Area In the Austin-Round Rock MSA, single-family home sales increased 6.2% from May 2018 to May 2019 to a total of 3,452 home sales. Sales dollar volume experienced a double-digit percent increase of 14.8% to $1,468,980,773 — the highest volume to date. The median price for single-family homes rose 4.2% to $335,095. However, during the same period, new listings slightly decreased 1.3% to 4,356 listings and active listings decreased 0.6% to 6,781 listings. Pending sales increased 8% to 3,504 pending sales. Monthly housing inventory declined to 2.6 months of inventory. City of Austin Single-family home sales decreased by 3.4% in May to 1,010 sales in the city of Austin. However, sales dollar volume increased by 7.1% to $512,126,547, illustrating higher price points and a tightening market. The median price for single-family homes rose 5.8% year over year to $407,400. During the same period, new listings decreased 3.6% to 1,263 listings; active listings decreased 11.3% to 1,349 listings, but pending sales increased 3.3% to 1,009 pending sales. Travis County In Travis County, single-family home sales increased by 2.9% to 1,682 sales in May. During the same period, sales dollar volume spiked 16.5% to $884,454,751. The median price of single-family homes increased by 8.1% to $400,000. New listings decreased 4.7% to 2,126 listings and active listings decreased 7.3% to 2,977 listings, as pending sales increased 3.6% to 1,713 pending sales. Monthly housing inventory dropped 0.2 months to 2.3 months of inventory. If you’re considering buying or selling a home, but aren’t sure what these statistics mean for you, we’re happy to help. The friendly team at Sage Wilson Property Group can analyze the market and give you an easily digestible report on what the best options are for you and your family. Give us a call today!

Austin Real Estate Market Update

Despite seeing a decline in the number of single-family homes on the market, the median price of homes is at an all-time high, according to the May market statistics report released by the Austin Board of Realtors. The new record median price comes in at $407,400, yet the May 2019 Central Texas Housing Market report shows declines for both new and active listings in the city of Austin. There was also a...

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Williamson County Development 2019 - Kalahari Georgetown Wolf Lakes Village Bell Boulevard in Cedar Park Leander Transit Erik Wilson Sage Wilson Property Group Austin Texas Real Estate

Glimpse into what’s new with four of the biggest development projects in Williamson County (2 of 2)

Santa Rita Ranch 2018 brought a lot of growth and home development projects to this Austin area neighborhood. 800 homes have been constructed and sold, and there’s more on the horizon. There are houses for every homebuyer that meet every need, and there are even discussions of building a new Liberty Hill ISD Elementary School, but there’s no word on when that could happen. Hutto's Co-Op Right...

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Williamson County Development 2019 - Kalahari Georgetown Wolf Lakes Village Bell Boulevard in Cedar Park Leander Transit Erik Wilson Sage Wilson Property Group Austin Texas Real Estate

Glimpse into what’s new with four of the biggest development projects in Williamson County (1 of 2)

Kalahari Resort and Convention Center May 2019 was the official start to this massive project as construction crews broke ground on 351 acres of land off of E Palm Valley Blvd. The project is estimated to take two years to come together, but when it’s finished, it will be where a hotel, waterpark, several restaurants, and Round Rock’s largest conference center reside. The team has been able to meet...

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