January 2017

There are 6 blog entries for January 2017.

2016 was a banner year for Austin real estate. Check out our infographic below for Austin MLS® sold data to previous calendar years. Highlights include:

  • 4% increase of total properties sold on the Austin real estate market
  • 6.7% increase in median sold home price, nearly a 60% increase from 2013
  • 11% increase in inventory
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Best Home Renovation for Resale Value in Austin

If you've ever thought about selling your home at all—whether you're trying to sell now or further down the road—renovating to add value to the home has probably crossed your mind. Cost-effective home renovations are a common practice for anyone in the seller's market, but what are the best home renovations for resale value?

It's important to weigh cost vs. value when it comes to home renovations and it's also important to research your own real estate market. For example, the renovation projects that result in the biggest return on your investment in the Austin real estate market aren't necessarily the same as other American cities. We're not just referring to the resale value of adding pools to Austin homes for sale vs. homes in a city in the

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Austin Innovation Zone

If everything goes as planned, there will be some exciting steps forward in 2017 when it comes to development around Dell Medical School, otherwise known as the Austin Innovation Zone. Mayor Steve Adler says street alignment and other improvements to enhance the Innovation Zone are among his top priorities moving forward, which could help propel Austin into the next class of major cities in the United States.

Cities such as Atlanta, Boston, and Chicago already have big innovation districts, which also serve as gathering areas for residents and tourists alike. With Austin's balanced economy and growing job market leading to a rapidly increasing population, it only makes sense for officials and developers to get moving on the Innovation Zone to surround

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Is now the right time to be flipping homes in Austin?

If you've been paying attention to the real estate market recently it shouldn't surprise you that home flipping is back. With home prices on the rise in a large number of markets, including Austin real estate, stats are showing that just about every Tom, Dick, and Harry have been taking a stab at making some extra money by flipping homes.

According to the Wall Street Journal, the first nine months of 2016 had the highest number of investors flipping a home since 2007. The Journal also says these investors are making an average profit of around $61,000 per flip throughout the country, but of course that doesn't necessarily mean every market in the U.S. is ideal for real estate flipping at the moment.

Can I Be Successful Flipping Houses in

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Take a look at Austin leasing and rental statistics for the month of January 2017 below. Highlights include:

  • 40% increase in total lease properties between January 2016 and 2017
  • Demand for rentals is up 4%
  • 34% increase in single-family homes available for rent
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Texas Home Sasles Skyrocketed in 2016
It looks as though the Texas real estate market— and in particular, the Austin real estate market—is going to once again break records in all facets in 2016. The latest reports from the Texas Association of REALTORS® and the Austin Board of REALTORS® show records in both home sales and prices, which could be good news, but it may also cause questions about the future of the market for potential buyers and sellers.

A staggering 247,931 homes were sold across the state in the first three quarters of 2016, with the median home price currently at $214,000 (a seven percent increase from this time last year). These statistics increase when it comes to Austin homes for sale. The median home price in the Austin-Round Rock area is at $279,900 (a 7.7 percent

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