What we want to talk to you about today is where the real estate market is here in Austin. The good news is that the market is still doing terrific here in Austin. To give you a few examples, the downtown central area east of I-35 is the big hot spot right now, especially for younger people and investors. Prices in that area are up 25%! If you are in the West lake community, prices are up even more, an incredible 38%.
For those of you wanting to buy or sell, we can honestly say this is one of the best balanced markets we have ever seen. The reason it's so great to buy right now is because with interest rates in the low 4%'s, you can save an enormous amount of money on a new home in the long term. If you are wanting to sell, we have extremely low inventory, which is always a good sign for sellers
If you have any questions about the Austin real estate market or are interested in buying or selling in the area, please give us a call. We would be more than happy to take care of you.
Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2020.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: August 7, 2020 Texas law requires all real estate licensees to provide this link to Information About Brokerage Services:www.trec.state.tx.us/pdf/contracts/op-k.pdf