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Austin Real Estate Blog

Austin Real Estate Blog
Austin real estate market stats and related news and information
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Articles

Three Austin High Schools in Newsweek top 100 list
2008-05-26 00:00:00
NEW YORK (Newsweek ) ? Fourteen Texas public schools were among the top 100 on Newsweek?s list of top U.S. high schools. The schools were ranked according by the number of Advanced Placement, Intl. Baccalaureate and/or Cambridge tests taken by all students at a school in 2007 divided by the number of ...
More About: Schools , List , Austin , High
Austin Real Estate Market - April 2008 Sales Update
2008-05-24 00:00:00
The Austin real estate market average sales values fell in April 2008 compared to the year before, yet there remain many areas in Austin with strong sales. The average sales price of an Austin home in April 2008 is $245,483. Last year in April it was $254,846. That's a price ...
More About: Estate , Real Estate , Real Estate Market , Market
Downtown Austin Condos
2008-05-24 00:00:00
The 360 Condonimiums in downtown Austin is completely sold out of all 430 units and has a waiting list of over 200 people. New residents start moving in next week. Today's Austin Statesman has an article about the project and downtown condos in general (link below). The outlook among those ...
More About: Downtown
Austin Energy-Efficiency Property Upgrades at Point of Sale
2008-05-12 00:00:00
Some weeks ago I received an interesting email from the Austin Board of Realtors government affairs committee. It was a scare letter warning us, as Realtors, that we need to take action to oppose a new ordinance, and it has since been making the rounds on Realtor email lists and ...
More About: Property , Energy , Sale , Energy Efficiency
Is Your Austin Realtor a Beta Test or a Production Version?
2008-05-05 00:00:00
I was evaluating some Property Management software recently, which was still in the "beta" stages of development. Beta software is commonly thought to be ready enough to function, but is expected to have undiscovered bugs and flaws, and may not be ready or stable enough for production use. I decided ...
More About: Austin , Production , Realtor , Test
Does MLXChange MLS Software Calculate Price Per Square Foot Properly?
2008-05-02 00:00:00
I have have been critical of our new Austin MLS System called MLXChange since it was first placed into production in Austin in November 2007. It produces what I believe to be incorrect data. I was contacted yesterday by a product manager from MLXChange because they saw my last blog ...
More About: Software , Price , Foot , Calculate , Square
Responding to Unsolicited Offers to Buy Your Home
2008-04-29 00:00:00
I received a call recently from an Austin homeowner looking for a place to rent. After further questioning I learned of her situation. The neighbors have offered to buy her home, and she is willing to consider selling it. The neighbors have outgrown their smaller home and would love to ...
More About: Home , Offers
Austin Property Tax Appraisal Map 2008
2008-04-25 00:00:00
The Austin Statesman published this map today of the property value increases around Austin, broken down by School District area, for 2008 . There is a link to the full story below. This is a good time to once again draw the distinction between the Appraised Value of a home for ...
More About: Property
Huttoparke Problems Continue, Values Suffer
2008-04-24 00:00:00
It is with great fascination that I first saw last year Huttoparke home owners made sure that everyone knew how poorly their homes were built. They may have had no choice but to bring public attention to the problems they were having. The homeowners felt that Lennar was unresponsive ...
More About: Problems , Values
Austin Sales Market Update - 2008Q1 Stats Breakdown by MLS Area
2008-04-24 00:00:00
Below is a chart breaking down Austin MLS Sales of single family homes by MLS area for Jan-Mar 2008. Not all MLS areas are included due to low or no sales activity in some. Of the 42 areas covered 36 saw a decrease in the number of homes sold and ...
More About: Market , Update , Stats
New Crossland Real Estate Website and Blog - All Wordpress Now
2008-04-21 00:00:00
After spending the past few months redesigning and completely redoing our Crossland Team website and blog, it's finally done - well, close enough. It's live and you're seeing it now. I'm still ironing out some things, but that will always be true with any website, forever. A website is never ...
More About: Wordpress , Website , Estate , Real Estate , Blog
Austin MLXChange MLS Software Still Falls Short
2008-04-21 00:00:00
I just finished running my stats for my Austin Rental Market update. This month I only had to report three listings to the Austin Board of Realtors which had bogus and incorrect data. Check the screen shot above to see the sort of thing what Austin Realtor deal with on ...
More About: Software , Short , Falls
Austin Rental Market Update - March 2008 and YTD
2008-04-21 00:00:00
Homes in Austin are renting for 8% more than last year, on average. Average rent price for homes across the Austin Metro area was $1401 per month for March 2008 compared to $1295/mo the year before. The Median leased price remained about the same at $1200. Homes are renting fast ...
More About: Market , Rental , Update
Austin Eviction Aftermath and the Cost of Rental Property Turnover
2008-04-21 00:00:00
Last Tuesday my tenants did not show up at Eviction Court, so I was awarded possession of the property. Afterwards, I immediately drove to the property to find it trashed, as expected. I own this particular property. The tenants had lived there since 2001 and had been good tenants until ...
More About: Rental , Property , Cost , Austin
Property Tax Appraisals Rising in Austin Area
2008-04-19 00:00:00
Home owners will be receiving their property appraisal notices from your County Tax Assessor this month or in May. Most will see value increases due to the continued strong job growth and low unemployment in Austin and surrounding areas. Job growth and employment drives the real estate market more than ...
More About: Property , Area
Austin Real Estate Market Update for March 2008
2008-04-19 00:00:00
The Austin real estate market continues to be sluggish for March 2008 according to our stats. Number of sales dropped 25% from the same month a year ago. Average list price is down 2%. Average sold price dropped 3% year over year for March. Last month was about even, but ...
More About: Estate , Real Estate , Real Estate Market , Market , Update
Google Maps as a Presentation Tool
2008-04-11 00:49:00
One of the challenges Realtors face in differentiating ourselves from other Realtors falls into what I call the “evidence of success” category of marketing. That is to say, I know Sylvia and I are good at selling homes, but how does a prospective client know? On the surface, Realtors all seem the same to most ...
More About: Google , Tool , Google Maps , Maps , Presentation
Fundamentals and Basics Still Matter - A Lot
2008-04-09 05:13:00
As my 15 year old daughter and I watched the NCAA Basketball finals last night, I once again was reminded that fundamentals and basics matter. In this case, free throw shooting. After an amazing season and a spectacular run to the NCAA finals, including a spanking of our very own UT Longhorns, Memphis had the game ...
More About: Matter , Basics
Austin Realtor or Dog Catcher?
2008-04-06 21:43:00
I recently showed a property occupied by a large barking dog. The showing instructions said “appointment with owner”. When I called the seller, the voice message said “if you need to show the property, call the agent”. I called the agent who gave me a different number to call, for the daughter of the seller, ...
More About: Catcher , Austin , Realtor
Home Maintenance Tips
2008-04-03 14:26:00
Here are few things you may want to consider doing in and around you home?courtesy of one of our Austin real estate inspectors, Bob Petersen at Precision Inspection. Keep your A/C filter clean. A dirty one REALLY increases your electric bill. The best kind to use is the wavy paper type, kind of like what you have ...
More About: Tips , Home , Maintenance
Agressive Price Drops Needed in Some Austin Areas
2008-04-02 17:46:00
I received the below email message this morning from another Realtor. To place this into context for those who may not know, when a Realtor opens a MLS Lockbox with our electronic Supra key, the listing agent is notified (if they have properly registered the lockbox online and attached it to the specific listing) of ...
More About: Austin , Price
Tenant Eviction in Texas
2008-03-29 21:38:00
I had to file eviction in JP Court on one of my tenants this month. I’ve evicted more than 80 tenants in Austin since 1990, but it’s been about 4 years since my last one. In the old days (the 1990’s) when I managed 4-plexes and some lower end properties, eviction filings were more frequent. ...
More About: Texas , Eviction
Texas Dominates Top Growing Cities List
2008-03-27 20:58:00
The following is from my Realtor e-newsletter today. It shows Texas as having more fast growing cities than any other state with 4 out of the top 10 being Texas cities. Though we’re not immune to market slowdowns, we’re positioned to weather it better than almost anywhere else in the country at present. The fast-growing areas ...
More About: Cities , List , Growing
My Real Estate Interview with KXAN-36 News
2008-03-25 03:44:00
I received a call from a KXAN-36 reporter today who found my blog and wanted to ask some questions about the Austin real estate market. I answered some questions and then she asked if she could come out and interview me on camera. I said “sure, come on over” so her and her camera guy ...
More About: News , Estate , Real Estate , Interview , Real
Austin Real Estate Market -Feb 2008 YTD MLS Area Breakdown
2008-03-22 00:07:00
Below is Year to Date breakdown for sales of single family homes in Austin by MLS Area. Something interesting happened when I was running these stats that reminded me of the big swings that can be caused by just one or two sales when we are looking at small sample sizes. About half way through, ...
More About: Estate , Real Estate , Real Estate Market , Market
Bad Advice for Non-Producing Realtors
2008-03-20 22:06:00
It is with great amusement that I read an article in today’s Realtor Magazine email newsletter. The article, which I will excerpt below, offers suggestions and advice to Realtors dealing with market slowdowns. For career real estate agents in the business for the long haul, a slower, “down” market is beneficial to our careers longterm. ...
More About: Advice , Producing
Austin Real Estate Market Update - Feb 2008
2008-03-15 02:34:00
The average sales price for single family homes in Austin FELL in Feb 2008 compared to Feb 2007. In the 2 and a half years I’ve been posting Austin real estate stats on this blog, this is the first year over year drop. How much did prices fall? Well, -0.07%. But it’s a number with ...
More About: Estate , Real Estate , Real Estate Market , Market , Update
Austin Rental Market Update - 2007-2006 Comparison
2008-03-13 09:46:00
For 2007, the Austin Rental Market continued to see gains in average and median rental rates for single family homes. But we still lag behind the rental rates landlords enjoyed 6 and 7 years earlier, if you can believe that. The graph below shows where we were in 1999 through 2007. You can see the ...
More About: Update , Comparison
Why will an Austin Realtor take your over-priced listing?
2008-03-08 17:49:00
Let’s say you want to list your home for 8% above it’s market value. You’ve interviewed three Realtor s, seen three different market analysis (that price the home in a narrow range), know what your home should sell for, but you still believe your home is special and will fetch a higher price than the market ...
More About: Austin , Listing
The Problem with Over Price Listings (and their sellers)
2008-02-27 15:42:00
Let’s say you’re a buyer, you’ve traveled to Austin to find a home, spent the weekend looking at homes with your Realtor and found a home you like. In fact, you’ve found your top three picks, but one stands out as your favorite. Problem is, it’s way over priced. Do you make an offer anyway, ...
More About: Listings , Price , Sellers
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