austin real estate market statistics

Hot off the press! The March 2018 real estate statistics for Austin are in!

The median house price has now surpassed 2017 totals, with total units sold up 7.7% compared to last year. Inventory, while remaining quite low, has increased to 2.2 months from 2.0 months compared to February's stats.

The real estate market in Austin continues to take off with home values soaring to new heights.

Market highlights:

  • Total units sold are up 3%
  • Total inventory is down 2.8% compared to last year
  • Over 7000 units have been sold since the beginning of 2018!


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jb goodwin austin real estate agent analyzing stats

The results are in! Let's take a look at the February 2018 real estate statistics for Austin.

After some gains over last month, the average cost of sold homes still lags behind 2017, with $291,000 compared to $293,200. Inventory continues to hold steady at a low 2 months of available inventory.

We are only two months into the year and the trend of continued median home prices is sure to continue.

Other highlights:

  • Total units sold is up 2% from 2017
  • 6% more units were sold in February, compared to 2017
  • Inventory is down 1%, compared to February 2017

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“A dollar saved is a dollar earned,” wrote Benjamin Franklin. On the surface, Franklin’s famous adage offers simple advice: frugality is a form of financial investment.

But go just a little deeper, and the saying encourages us to discern between good discounts and misleading ones. Whatever the venture, an investor owes it to him or herself to take all risks into honest consideration before putting any money on the table.

Real estate is one of the most common forms of investment. It can be done through several methods, including buy-and-hold, property leasing, and house-flipping, among others. In recent years, shows like Fixer Upper on HGTV have popularized house flipping. This method involves purchasing a (low-cost) foreclosed property, performing all…

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The JBGoodwin team perusing over the Austin real estate MLS statistics

January 2018 real estate statistics for Austin are in. It looks like Austin can expect continued real estate appreciation, despite a few dips in average home sale costs from the same month last year.

The average cost of sold homes in January dropped from $293,200 in 2017 to $289,500 this year. However, December 2017 sales were up 11% from the previous year, emphasizing the continued average growth of home values in the area.

Other highlights:

  • Inventory is up 3% from last January
  • Total units sold is up 9% from last year
  • Inventory is still down from 2010's supply highs

Want to learn more about the Austin real estate market? Get in touch with the JB Goodwin team today!

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Austin regularly competes for the top spot in national polls. It has become one of the most talked-about cities in the country, and for good reason!

Between its local support for entrepreneurs, employment and educational opportunities, world-class cuisine, and overall day to day fun, there are few cities that compare to the quality of life in Austin.

With so much to talk about, it’s no surprise that the city is also a notable place for adding some character to your Instagram feed.

There are some cities where looking like a tourist just comes second-nature. With so many great spots to snap an artistic photo, Austin is one of those places. #NoFilter

If you’re new to the area, or just looking for some awesome places for your Insta-feed, here are a few…

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You finally found the perfect Central Texas home.

The house checks all your boxes: it is the right style and size, has an entertaining kitchen, and even boasts an awesome master bedroom. To make things even better, your offer was accepted by the homeowner. Congratulations!

You’re one step closer to owning your first home.

The next step in your home buying journey is the home inspection. The job of a home inspector is to provide interested homebuyers an unbiased report about the utility and safety of the home they are preparing to purchase.

While a home inspection is not required, it is highly recommended. A home inspector gives you the chance to understand a property through the trained scrutiny of someone whose job it is to notice problems, risks, and…

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JBGoodwin team crunching Austin real estate statistics

The JBGoodwin Team Does It Again...

JB Goodwin successfully gets homes leased faster than the MLS again for another month as demand remains level and the supply of properties in Austin gains nearly 500 more properties over 2017’s numbers.

Take a look at some of the key statistics below:

  • The total number of properties for lease is up a dramatic 20% over 2017.
  • The total number of leases closed however dropped three percent, which means that it could be more difficult for prospective landlords to lease their property out as quickly as the past.
  • There are 27% more single-family detached homes that are available for lease than there was in February 2017.
  • The price per square foot for apartments and other properties dropped 6 cents per…

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Well, December 2017 was another wild ride according to the Austin Leasing Statistics.

Between June 2013 and June 2017, the number of apartments that are occupied has dropped four percent exactly. But this is almost definitely because of additional supply coming on to the market.

In fact, between 2016 and 2017, the market saw 600 more units become available for lease, which must have been like music to those searching for a lease as their number grew by a whopping 9%, which was more than double of 2016’s numbers. The trend for those who listed their leasehold property with JB Goodwin REALTORS continued too, with a JB Goodwin property being occupied and closed four days faster than the average property on the MLS.

See more of the Austin Leasing…

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An exciting question has flooded much of the local tech and business news in Austin lately: Will Amazon set up its second headquarters – Amazon HQ2 – in Austin, Texas?

According to trusted data-driven sources like Moody’s Analytics, which predicts Austin as the most likely place for Amazon’s new location, Austinites have room for confidence.

When Amazon announced the imminent construction of HQ2, their statement was left open-ended. Instead of declaring a location, Amazon’s announcement came in the form of a request for cities to volunteer their metro areas to Amazon’s decision makers.

As you’d expect, cities across North America threw their hands in the air, volunteering diverse metro-areas with hopes of seizing Jeff Bezos’ attention. Amazon…

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More people are moving to Texas than any other state in the country. According to U.S. Census data, Texas added more than 6 million people from 2000 to 2010. Overwhelmingly, net domestic migrants are moving to Texas from California, but as Jeff Salamon points out, Californians are not more likely to move to Texas than other inter-state migrants—since the population of California is so large, there are simply more Californians coming in than say, Louisianans or South Dakotans.

Growth is strong across the largest metropolitan areas in Texas, making these large areas highly attractive to migrants from all over the United States. Americans are moving to Texas.

But why are people relocating to Texas from other states?

According to a Fiscal Notes blog…

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