2017 Has Been Good for Austin Real Estate Growth

Although demand has continued to dip throughout 2017 and inventory throughout the year has continued to climb, the median price of a home in Austin has steadily gained traction. In fact, the median price of a home in Austin has steadily climbed since 2013.

However, after years of continued growth in the 7-9% region, the market price has slowed to just 5% between 2016 and 2017.

Whether you're thinking of buying a home in Austin or are looking to sell your home in Austin, contact the experts at JB Goodwin.

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Austin has grown into a sprawling, innovative place. It is a magnet for many young people wanting to jumpstart their careers, raise their kids in a healthy and fun place, and foster an enjoyable lifestyle in one of America’s most popular cities.

With a thriving job market, regular accolades from top media outlets across the country, and rich culture and cuisine, Austin attracts new residents every day from across the country. As some have put it, Austin is where young people go to retire.

Among the many praises Austin receives, it has been recognized as a choice city to invest in real estate. It turns out that year-round temperate weather, great academic institutions, and local incentives for business development can really attract many people…

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Austin, Texas wears many different hats. Live Music Capital. Home of SXSW. Filming location of Richard Linklater’s early films. Namesake of the “Keep Austin Weird” slogan. Up-and-coming tech hub.

But more recently, Austin has come to be defined by its young, entrepreneurial base that celebrates the increase in women-owned businesses across the city. This fact has never been more clear than when you talk to the women who are starting and running successful businesses in Austin. Their energy is apparent, and the optimism is almost tangible.

“Austin is perfect for growing a business,” says Page Vandiver, founder of Simply Heaven Design. “There's a unique blend of creativity that allows people to think flexibly and dream for the future. There are…

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Austin Leasing Statistics

November 2017

Despite demand more than doubling between 2016 and 2017, the base price for a lease in Austin has remained relatively flat, which is great for both renters and landlords. Since 2013 the rate of apartment occupancy has been on a steady decrease, which is a trend that continued in 2017. That being said, landlords can expect that listing their apartment for lease with JB Goodwin means that their property has the greatest opportunity to be occupied.

    • Demand has risen 8.5% in 2017
    • Price has remained steady for 2017
    • JB Goodwin listings have been on the market 5 days less than the MLS average
    • 3,000 fewer apartments between 2016 and 2017 (to date)

Are you a landlord looking to have your…

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Prepping your home for a showing can be a bit surreal. It’s likely that your house has been a home to you and your family for years; saying goodbye can be difficult. As bigger and better things come your way, however, you will need to sell a home and move! At JB Goodwin, we created this checklist to give you a go-to resource as you setup your home for a showing or an open house.

Unfortunately, staging a home is not as simple as vacuuming, making the bed, and putting away the dishes. As we wrote in our article about how to sell quickly in San Antonio, you can’t just spruce for 10 minutes and then hope for the best.

If you want to get top dollar for your property, it will take some work to prep your home—work that will absolutely pay off in the long run.…

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A peculiar housing trend has emerged in Austin and many other cities across the United States in the last few years. The trend disrupts what many thought was an inseparable correlation: high-income families prefer buying homes instead of paying rent. The vast majority of affluent families, until lately, were homeowners. As soon as they had the means to begin building equity in their own home, these individuals took the real estate plunge into home ownership.

But lately, this eons-old trend has diminished substantially. According to data released by Rent Cafe, the trend for high-income households to rent is on the rise.

The number of high-income households who choose to rent has increased by a whopping 217% from 2005 to 2015 across the United…

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