Austin recently ranked #7 on WalletHub’s list of Best Cities for an Active Lifestyle in 2021 and it’s not hard to see why. Between the nation’s best rock climbing gyms, boundless yoga studios and amazing hiking trails like the Barton Creek Greenbelt Trail, Austin shines in facilitating active lifestyles.

If you are a current homeowner or future home buyer, you would want to know what could affect the value of your home positively or negatively, right? We want to discuss how transportation systems can affect real estate and specifically, how “Project Connect” could affect real estate in Austin.

This dramatic hillside home in Lakeway is sure to take your breath away with both its one-of-a-kind form and its views. An iconic treasure, the 2,240 square foot Sand Dollar House was completed in 1979 by John Covert Watson who studied architecture under the legendary Frank Lloyd Wright at the time he was building the Guggenheim Museum in New York.

Austin’s workers and small business owners current struggle to survive might be an ongoing issue into 2021.

I had predicted stronger Q2 than most were expecting (in spite of covid likely to keep 30% or so of Buyers and Sellers on the sidelines) due to our economic and market fundamentals. The market performed even better than I predicted. 

We all know of the Austin FC stadium but in some ways, it’s something out on the horizon still. We thought it would be great to share an update and our take on this big addition to Austin’s vibrant lifestyle, sports-loving population, and the reverberating economic impact it will have as Austin’s first professional soccer stadium!

It’s no secret that Austin’s population has been growing substantially. There has been a plethora of businesses relocating to Austin and expanding their operations in Austin, causing a big increase in job creation in the city.

Q3 ended with a slight dip in intensity compared to Q2 but put up incredibly strong numbers.  Prices spiked up 4% in Q3. Inventory averaged across all price bands/areas is at an incredibly low 1.5 months –  the LOWEST inventory I’ve seen in 10 years.  Year-over-year- the market experienced a 31% spike in sales volume, a corresponding 44% decrease in active listings and prices are up 10%.

During 2020, Zoom has grown explosively and ascended past big competitors such as Cisco, Microsoft and Google.

We agree that low inventory plays a part but know that demand is still here in Austin!

Austin, a booming Texas destination for both individuals and companies, is expected to be the Nation’s hottest housing market in 2021 according to Zillow. In 2019, Austin was predicted to be the hottest market in the USA, and that proved to be true in 2020. So what does that mean for people looking to live in the city in 2021?

At the beginning of the Covid-19 pandemic, stay-at-home orders were implemented and there were dramatically fewer cars on the road. During this period, there was a temporary reprieve from Austin’s long commutes which allowed the Central Texas Regional Mobility Authority to address key traffic issues and make headway on projects that might have been limited by the usual congestion on key roads.

Unless you’ve been hiding under a rock, the world has shifted dramatically in the past several months and office work has shifted to home office work and some argue that the trend might stick. Even before Covid-19 hit, there was an upward trend toward remote work especially here in Austin. Here’s a quick list to get you started.

Home prices in Austin are breaking records this summer.

Mirroring projections in our market update on unemployment, we have a tendency to agree with these economists!