austin mls leasing stats - september 2018 

JB Goodwin is proud to present the Austin MLS® leasing statistics for September 2018. Get the low down on the rental numbers in the city below.

Supply remains down with just 200 units available. Demand is up 4%, compared to this time in 2018, while prices remain level. The average days on market for a rental property in Austin is 31 - rent that space 6 days quicker with JB Goodwin!

Important leasing stats:

  • Total leases are up 4%
  • Home leases are up 6%
  • Both single-family home & property leases are down, 6% & 4% respectively.

With supply down and demand up, now is the perfect time to rent out that property. Get in contact with JB Goodwin today & learn how we can help!

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A few months ago, Precourt Sports Ventures, the company that owns the Columbus Crew SC soccer team, delivered a proposal to develop a new professional soccer stadium in Austin, Texas. The stadium would replace the pro soccer team’s current homefield, Mapfre Stadium, in Columbus, OH, where the team has played since 1999.

Precourt Sports Ventures proposed building the new stadium at McKalla Place near The Domain, an area considered Austin’s “second downtown”.

According to Jonathan Emmett, design director of Gensler Sports Practice, the proposed stadium will be “influenced by great European venues... we are also drawing heavily on the incredibly diverse and vibrant local culture, to create a uniquely ‘Austin’ experience for MLS fans,"

On the…

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austin real estate mls stats - july 2018

Hot off the press! Take a peek at the July 2018 real estate statistics for the city of Austin.

Inventory levels remain low at a 2.9 month's supply. Demand is up with a 4% increase so far in 2018.  Demand in 2017 was up 3%.

At just past the halfway mark of the year, the trend of continued rising median home prices is set to continue its upward trajectory.

Other highlights:

  • 20,810 total units were sold so far this year, up 4% from 2017 numbers
  • The median price of a home in Austin is $306,000, up 4%
  • Inventory level is down 4,200 compared to 8 years ago

 

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Supply remains level as does demand, at a 4% increase so far in 2018, compared to 10% by this time in 2017. Rental prices have remained more or less level from 2016 through to 2018.

Compared to the average, JB Goodwin gets rental listings filled 9 days faster!

Specific numbers to look out for, compared to 2017:

  • Total home leases are up 5%
  • Property leases are down 4%
  • Single-family home leases are down 6%

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austin city skyline, new construction

A new building pierces the iconic Austin skyline. The Independent is a luxury residential complex under development in Central Austin. The building’s condo units vary from 1- 4 bedrooms and the finished building will offer weight rooms, swimming pools, and highrise play areas, among other residential amenities.

The 58-story, jagged-style building is among Austin’s tallest towers and is by far the city’s largest residential building. In fact, The Independent is one of several new buildings filling the skyline in downtown Austin. As our city continues to expand and more families call Austin their home, those who’ve been here for some time have the unique pleasure of watching Austin evolve right before our eyes.

If you live here, there’s a slim…

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4th of july fireworks in austin, tx

July is here again. The cold water at Barton Springs is drawing its typical summer crowd, kids are finding creative ways to enjoy their break from school, and many Texans are starting to text their friends or search online to learn where the best places to watch some spectacular Independence Day fireworks are in 2018.

If you’ve never been in Austin during the 4th, you’re in for a lot of fun. There are several incredible firework shows that take place across the city, and many cozy places to watch them from.

Austin is one of the most popular cities in Texas for our 4th of July light shows. Sponsors and producers go big, and crowds come out every year to see the lights and participate in the festivities.

Here are a few of the best places in…

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Austin MLS statistics, june 2018

The results are here! Join us as we take a close look at the May 2018 real estate statistics for the city of Austin.

After a slower beginning to the year, the median cost of sold homes has surpassed 2017, with $302,300 compared to $293,200. Inventory continues to hold steady at a low 2.7 months of available inventory.

At 5 months into the year, the trend of continued rising median home prices is sure to continue.

Other highlights:

  • Total units sold is up 6% from 2017
  • 6% more units were sold up to May this year, compared to the same time period in 2017
  • Inventory level is down 4,400 compared to 8 years ago

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What will change about buying and selling homes within the next year, two years, or five?

Predicting the future of any industry isn’t easy. Fortunately, real estate generally offers more accessible and reliable data than other industries to use when making forecasts. That means making reasonable predictions about the not-so-distant future isn’t a complete shot in the dark.

Consider the Austin, Texas market as an example. We know that the U.S. government tracks population growth through periodic censuses. This decade to decade population data shows that Austin’s population usually grows by more than 20% every decade, with the single exception being the 1920s (16.8% growth). Someone could use such data to reasonably predict that this trend will…

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Austin’s popularity seems to grow every day. Whether it’s our food, nature trails, career opportunities, or local music, Austin boasts a magnetism that’s impossible to deny.

In fact, U.S. News announced recently that Austin is the number 1 place to live in 2018!

Since over 62,000 new residents are expected to move to the city just in 2018, the rest of the country seems to agree with U.S. News’ conclusion.

As many might suspect, all our popularity puts Austin real estate in high--and growing--demand. Austin homes appreciated by 7.2% over the course of the last year.

If you’re in the market to invest in Austin real estate, here are some hot locations you might consider:

Central East Austin

Living in Central East Austin means calling…

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The process of buying your first home brings with it a handful of new terms and phrases to learn.

By researching or asking your Austin or San Antonio real estate agent what each new term means, you can set yourself up for success and achieve a more informed understanding of the home buying and selling process.

Among the many words you may soon encounter, “escrow” is one you’ll want to know. While the term is used across a handful of financial industries, this article will solely define escrow in relation to the real estate industry.

What Does Escrow Mean?

When a person refers to money (or something else of high value) as being “in escrow”, they mean that their value-item is being held by an unbiased third party to ensure a fair transaction…

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