Luxe Austin Homes - atx

"Housing market continues to stabilize in Round Rock, Pflugerville, Hutto"

Community Impact writes "the latest report from the Austin Board of Realtors shows a continuing trend of decreasing prices and growing inventory in the Round Rock, Pflugerville and Hutto housing markets as of January.

According to the report, the three cities combined saw a median home sale price of $435,124 in January, up 7.39% from $405,200 in December, but down 3.48% from $450,800 in January 2022.

In keeping with previous months, Round Rock Pflugerville and Hutto's median price in January was higher than the broader Central Texas market at $417,500, but lower than the city of Austin's median price of $525,000.

The three cities had a combined 845 active listings and 237 closed sales in January. Last January, they had only 135 active listings and 423…

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"January housing report: Central Austin home prices trend downward, housing inventory increases"

Community Impact writes, "home prices are continuing to trend downward, and housing inventory is on a steady uptick in Central Austin, according to Austin Board of Realtors January report.

In January, median home prices in Central Austin decreased 0.2% to $680,000 in Central Austin.

This trend was reflected throughout the Austin-Round Rock area, where median home prices decreased 6.3% to $450,000, the largest drop since July 2011, according to ABoR.

ABoR President Ashley Jackson said that while the market is cooling within the Austin region, surrounding Central Texas cities are seeing an uptick in home prices.

“Outlying areas like Caldwell and Hays counties are the most affordable pockets in Central Texas. When we have a city like Austin challenged by…

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"Is Austin housing hot or not? Prices are sliding but buyers, sellers cautiously test waters"

Austin Business Journal writes, "despite chilly forecasts from the likes of Zillow and Goldman Sachs, others expect the heat to stay elevated in Austin’s housing market — by at least one measure, it's still among the hottest in the country.

Austin tied with Durham, North Carolina for third place in the U.S. News & World Report’s latest Housing Market Index, released Feb. 14. Raleigh, North Carolina ranked first and Denver ranked second.

The index takes into account data on employment, housing prices, builder sentiment and much more.

Austin ranked No. 4 in the supply sub-index, which included government data on housing supply, rental vacancy rates, construction costs, construction jobs, builder sentiment from the National Association of Home…

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"Hundreds of Realtors, builders nominated for Austin Residential Real Estate Awards"

Austin Business Journal shares, "the time to honor Central Texas' top-selling Realtors, superlative homebuilders and inclusive master-planned communities is approaching.

Austin Business Journal's 2023 Residential Real Estate Awards are scheduled for next month. A total of 214 agents and realty teams and 16 builders and master-planned communities were nominated — you can find their names below.

There's nothing subjective about the agent awards — they are based on hard numbers. Realtors were asked to submit data on their 2022 transactions for deals in the six-country area: the five counties in the Austin metro, plus Burnet County. Winners will be crowned in three categories for solo agents and teams and ranked by last…

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"The Hottest Housing Markets in the U.S."

U.S. News reports, "now that the demand for housing is showing renewed signs of life amid lower mortgage rates, declining inflation and a reduced risk of recession, it’s certainly an opportune time to analyze which markets are the hottest across the country. While the term "hottest" may no longer mean desperate buyers bidding thousands over asking prices and waiving inspections, it does mean returning to the basics of healthy demand, supply and financing options.

Because the U.S. News Housing Market Index incorporates so many varied data points, it provides a simple and comprehensive way to rank the covered metropolitan statistical areas (MSAs) from shivering to scorching on a scale of 1-100. Designed to work on desktops and laptops but not on…

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"Cedar Park's Silverado Ranch offers proximity to Brushy Creek Park, community pool, playground"

Community Impact highlights Silverado Ranch. "Situated just south of Whitestone Boulevard in Cedar Park, the Silverado Ranch neighborhood, developed by KB Homes starting in 2005, includes a variety of home sizes and prices.

The neighborhood is located close to Brushy Creek Park, Gupton Stadium, H-E-B and the 1890 Ranch shopping center. Residents of Silverado Ranch have access to a community pool with a clubhouse, picnic facilities and a playground.

• Median home value: $602,000
• Homes on the market*: 2
• Homes under contract*:2
• Median annual property taxes: $12,981
• Median price per square foot: $247
• Average days on the market*: 87
• Build-out year: 2012
• Builders include: KB Homes
• Square footage: 1,300-5,500
• Home values:…

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"10 Austin spots tackle Super Bowl plans with takeout and watch parties"

CultureMap Austin shares, "it seems fair to say Austinites know they can drop by H-E-B for most of their game day needs. But we’re not talking needs, we’re talking excess. Whether you’re a die-hard fan or a host who wants to offer something truly memorable — or just absolutely clueless on this whole football thing but looking forward to Rihanna and the food — CultureMap is setting you up for a touchdown.

On February 12 at 5:30 pm, the Kansas City Chiefs will face off against the Philadelphia Eagles, and there are basically two places to be: at home, or out with everyone else. If the former is more your style, make sure you order well in advance. If the latter, keep in mind that many of these events operate on a first-come-first-serve basis. Either…

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"Austin housing market more stable after cooling 2022 demand, report finds"

CultureMap Austin writes, "In a slightly contradictory year, the 2022 Central Texas housing market saw both higher barriers to affordability and a shift toward buyers.

According to the Austin Board of Realtors' last monthly report of 2022 and year-end overview, inventory rose, but so did interest rates and construction costs. Prices rose, too, reaching a new annual record for the Austin-Round Rock MSA at $503,000 (up 11.4 percent). Travis County mirrored the pattern, as median prices increased 10.6 percent to $575,000.

Demand in the MSA lagged while supply stayed the same: New listings stayed steady but 33,547 homes were sold, down 18.3 percent from the previous year, and they generally stayed on the market for 31 days, 11 days longer. This was…

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"A Tale of 2 Housing Markets: Why Some Homes Still Cause Heated Bidding Wars While Others Sit Unsold"

Realtor.com shares, "homebuyers who are closely watching the correction in the real estate market might believe now is a good time to pounce. After all, homes are sitting on the market for longer, those maddening bidding wars have dried up, and wild offers over the asking price are things of the past, right?

Well, not exactly. It all depends on what they’re hoping to purchase.

Those searching for a home are seeing plenty of fixer-uppers, homes lacking curb appeal, and those in less desirable areas sitting on the market for longer and undergoing price reductions. But well-appointed, well-situated turnkey homes are still selling fast, often receiving multiple offers, and even selling over the asking price. It’s as if the housing slowdown hasn’t…

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"Dirt to turn on 586-home neighborhood"

Austin Business Journal shares, "almost 600 new homes will spring up in the fast-growing suburb of Dripping Springs during the next three years or so — welcomed development in a region still short on housing.

Tri Pointe Homes Inc. enlisted the aid of “Queer Eye” star Bobby Berk to design the model home for the new neighborhood the homebuilder is co-developing with Ohio-based M/I Homes Inc.

The 188-acre development — known as Heritage — will be home to 586 homes at full build-out, according to a Jan. 26 announcement. The Berk-designed model home will serve as both a marketing resource and a design inspiration tool for potential homebuyers interested in Tri Pointe’s offerings in the development, said Chelsea Timmons, vice president of community…

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