GOOOAAALLLLLLLLLLLLLLLL!!!

Lucky Austin residents will soon be able to experience the city’s first major team sports franchise, the Austin FC of Major League Soccer.

While no launch date has yet been set, construction was recently approved for the 24-acre, $240 million dollar mixed-use project at McKalla Place in North Austin.

So what does this mean for homebuyers and investors targeting the Domain and surrounding vicinity?

Rising prices.

“Those areas are increasing in value pretty rapidly,” according to Austin real estate agent John Martin, as quoted in The Statesman. “The ripple effects are going to be huge.”

Overall, the city of Austin just recently set a new monthly record for both the number of homes sold and the median price.

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Central Texas home prices in July 2019
The Austin Board of REALTORS® recently reported that Austin-area home sales and the median prices for those homes both hit all-time highs in July.

That July record also extended to the number of sales and the median home-sales price inside the Austin city limits.

According to ABoR’s monthly housing report, a total of 3,439 homes were sold in July across the five county area. That number represented an 11.7% increase over July 2018′s sales volume. The median price for those homes enjoyed a record increase of 3.2% to $310,500.

Buddy Schilling, Austin Division President at JBGoodwin REALTORS® adds, “The Austin market is on pace for another record sales year. Jobs, jobs, jobs and population growth are driving the economy. Austin is a great investment…

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Austin real estate
Here’s the Austin MLS Sold Comparison chart from July 2007 to July 2019 brought to you by Austin MLS® and yours truly.

Austin's real estate market has slowed a bit, but it's still an amazing place to sell with a striking rise in home prices. As of July 2019, the median home price in Austin was $310,500, which is already up 2% from last year.

Even though it’s more expensive than ever to buy a home, they’re selling fast. In fact, there’s a 4% increase in units sold compared to 2018.

Here are other important statistics to pay attention to:

  • Inventory has decreased 4%
  • Demand has increased 4%
Want to learn more about buying or selling a home in Austin? Talk to one of our expert agents at JB Goodwin who are always happy to…

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Summer is winding down right now for much of the country… But not for Central Texas!

Thanks to that Southwest heat, there’s still time to get in a few more summer-only activities before the cooler fall weather sets in.

Here’s our list of summer musts to sneak in before all the beverage menus in Central Texas start to include pumpkin spice:

Float the River in New Braunfels

Bring your own tubes or rent ones from a local company and float down the Guadalupe River at your own pace!

The river can get quite crowded during the hottest months, but visitation thins out towards the end of the season.

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Schlitterbahn Waterpark in New Braunfels

If you have small children or river floating just isn’t your thing, bring your…

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Here’s an update on Austin’s leasing statistics for August 2019 from the local MLS® and everyone here at JB Goodwin Realtors.

Summertime is usually a busy month for rentals, and this August is no exception. As more and more renters are looking for places, supply in Austin is lessening. Although the demand for rentals is higher than August of last year, the total leases have dropped 16%.

Other key statistics for this month’s leasing report include:

  • Total leases are up 2%
  • Total home leases are up 2%
  • Median prices are level
  • Single family homes leases are down 16%

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