As with communities across the nation and world, real estate markets throughout the central-south Texas region have been affected by the coronavirus pandemic, but real estate experts are already pointing to what they see as promising signs that the Austin and San Antonio metro areas are well-positioned to withstand the impacts of the crisis.
An uptick in activity over the past few weeks, coupled with record-low mortgage rates have many feeling optimistic that our markets will emerge from a downturn sooner than later. With warmer weather, businesses reopening, and many people’s desire to relocate to our region all contributing to increased activity, the hope is that local real estate will soon return to its pre-pandemic highs.
Austin offers no shortage of great places to eat. Major food journals and television networks frequently give Austin's food scene generous accolades for the eclectic, diverse, and exquisite cuisine available throughout the city.
It's also no secret that Austin’s coffee culture is top-in-class.
All the locals know that Austin's food scene believes in providing tasty dishes, good portions, and quirky dives. Dining in Austin is designed to be an experience.
Summer is just around the corner along with patio season. Many of these establishments have closed their dining rooms due to the current public health crisis, but are still offering pick up and delivery options. Let's think forward to when we can all enjoy public places like this again and help…
Thank you for checking out the latest edition of the JB Goodwin Austin real estate market report for March 2020. We've got plenty of great information direct from the local Austin MLS® and our team of experienced agents.
The trend of lowering inventory continues into March as Austin home owners continue to be hesitant to list their homes. Of course, this isn't surprising given the current international crisis.
Despite the uneasy feeling in the marketplace, Austin home values continue to grow, as do sales. It's actually a great time to sell - declining supply and steady demand means that homes are still selling quickly. JB Goodwin's agents as well other real esate agents across the city have gotten creative in order to be able to show homes and…
It may be an understatement, but people are moving to Austin - lots of people.
The area has a perpetual allure that draws more and more families from across the country to call Austin their home.
As the basic laws of supply and demand would predict, our popularity has resulted in years of appreciating real estate values. For those in the market to live in or around downtown Austin, these growing home costs come with clear pros and cons.
In one regard, appreciating values mean a healthy real estate investment opportunity. On the other hand, rising costs mean there’s a growing financial barrier of entry for families in the market to buy central properties.
This barrier of entry has added to the growing trend of purchasing Austin condos. By…
Austin, Texas lives up to many of the iconic slogans that people have given it. We're known to some as "Bat City" and to others, "the place young people go to retire." But no phrase captures our city’s character quite like the 18-year-old slogan, "Keep Austin Weird."
Today this phrase lives on our mugs, t-shirts, and street art. But it is more than just an enjoyable statement of pride about our city’s uniqueness. Keep Austin Weird has been the rallying cry of not just one, but several important social movements in Austin’s recent history.
The phrase lives on through the ethos of peculiarity that attracts artists, creatives, innovators, and misfits from across the globe to call Austin their home.
Here’s how the famous Austin slogan got its…
Austin is most known for its vibrant and youthful vibe, making it popular among young professionals and growing families.
But what most people don't know is that Austin is one of the top ranking regions in the U.S. for senior living. With 30 percent of its population over the age of 55, it seems as though this news is catching on.
So what makes Austin such a great place for 55 plus living?
Austin is seeing strong growth in industries with jobs for seniors, outstanding small-business opportunities, and a strong emphasis on living active and healthy lifestyles. On top of all of this, Austin's residential communities have been rapidly developing, bringing mixed-use communities with luxury, resort-like amenities, as well as variety of features…
Austin is an ever changing city.
Over the past several years, it’s seen large changes—not only in its career industries, but in its real estate.
The Austin skyline has been growing as new buildings and skyscrapers are reaching new limits and breaking old records.
But large-scale buildings aren’t the only new things to hit the Austin real estate market.
More and more residential homes have been popping up in and around the city, making room for a growing population.
Although there are countless homebuilding companies around Austin, here are five home builders to look out for in the upcoming years:
If you’ve spent any time searching the Austin real estate market, you’ve probably come across KB Homes. This homebuilding company…
Here we are at the end of the first month of 2020!
Welcome to the January 2020 edition of the JB Goodwin Austin real estate market report, featuring exclusive data from our agents and the Austin MLS®!
Business is booming in the city, even as indicators point to a slight cooling off. The median price of homes in Austin are more or less steady compared to last year at this time, even as inventory levels continue to drop. Inventory is down a total of 24% compared to January 2019.
Even with cooling median home prices, demand continues to rise. It's never been a better time to sell!
Key stats to look out for:
- 1,947 units were sold in January, up 8.5% from last year
- Austin median home price is down 1%
- Inventory is low, with a 1.6 months
Ever since the 2008 U.S. recession, thousands of Californians have been making the decision to relocate to Austin, TX.
So what's going on?
California has long been the dream location for many. Picture year-round warm weather, gorgeous sandy beaches, endless blue skies, and that notorious laid-back attitude. It's hard to believe that anyone would want to move away from such a luxurious location.
The reality of the situation is that many Californians are realizing that this picturesque dream is just that; a dream.
California is becoming an increasingly difficult place to live and work. Well...relative to Austin at least.
The cost of living continues to grow, housing prices are astronomical, and though the active lifestyle, food industry,…